Summary - 4 ALBERT TERRACE BACUP OL13 8BJ
2 bed 1 bath Terraced
Turnkey buy-to-let with long lease and immediate income.
Reliable tenant in place from completion, immediate rental income
A well-presented double-fronted Victorian end-terrace offered with a reliable tenant in situ, delivering immediate rental income of £525pcm (annual £6,300). At the asking price of £110,000 this produces a gross yield of approximately 5.7%, making the property a straightforward addition to a buy-to-let portfolio.
The house is bright and tidy throughout with a modern fitted kitchen with integrated appliances, two generous double bedrooms and a practical family bathroom. Heating is by mains gas boiler with radiators; PVCu double glazing is fitted (install date unknown). The long lease (999 years less 10 days from 1873) and very low council tax are technical strengths for investors.
Buyers should note material location and fabric details: the property sits in a broadly deprived area with above-average local crime statistics, and the wider neighbourhood is characterised by blue-collar terraces. The stone walls are assumed to have no insulation and the EPC is D, so buyers may wish to budget for energy-efficiency improvements to improve tenant comfort and future resale value.
The vendor intends that the existing tenant remains in occupation, so this sale is aimed at investors wanting a turnkey, low-management income stream. The property is close to Bacup town centre, local shops and open countryside, supporting long-term rental demand in the area.
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