Freehold three-bed terrace with tenant and 10% yield — auction sale, refurbishment potential..
- Sold with tenant paying £625 pcm (current yield c.10%)
- Freehold mid-terrace, 3 bedrooms, c.872 sq ft
- Auction sale; starting bid £75,000, sale conditions apply
- EPC D; solid brick walls, likely no cavity insulation
- Council Tax Band A; low running council cost
- Small rear yard; very small plot
- Area: higher crime and local deprivation — affects demand
- Requires cleaning/modernisation; refurbishment potential
An established three-bedroom mid-terrace in Livesey, Blackburn, offered with a sitting tenant and a strong advertised rental yield of 10% (tenant paying £625 pcm). The property is Freehold, arranged over ground and first floors with a lounge, compact kitchen, bathroom and three bedrooms; total floor area c. 872 sq ft. It is being sold at auction with a starting bid of £75,000.
The house benefits from gas central heating, uPVC double glazing and a low Council Tax Band A. The accommodation is typical of pre-1900 solid-brick terraces: straightforward layouts, medium-sized rooms and a small enclosed rear yard. Broadband and mobile signal are good and the property has easy access to Blackburn town centre and local amenities.
Notable considerations for buyers: the area records higher crime levels and significant local deprivation, which may affect rental demand and resale values. The building appears to have solid brick walls with no cavity insulation (assumed) and the EPC is D. The property is sold with a tenant in situ and will require general upkeep/cleaning and potential renovation to improve rental income or reposition for owner-occupation.
This lot will suit investors seeking an immediate income stream and room for value-add refurbishment, or buyers prepared to hold while improving energy efficiency and internal finishes. Being auction sale, purchasers should carry out their own checks on measurements, services and legal pack before bidding.