Summary - 11 MERSEY STREET BACUP OL13 9RQ
2 bed 1 bath Terraced
Long-term tenant in situ — immediate rental income continuity
Annual gross income £5,040; gross yield approximately 4.2%
Freehold two-bedroom Victorian terraced house, 657 sq ft
Spacious lounge and well-equipped kitchen with good storage
Small forecourt; limited rear outdoor amenity
Local classification: deprived blue-collar terraces — assess demand
Internal condition and exact room sizes not confirmed — inspect
May require refurbishment to uplift rental value and returns
A compact two-bedroom Victorian terraced house in Bacup, presented as a buy-to-let opportunity with a long-term tenant in situ. The property offers a spacious lounge, a well-equipped kitchen with good storage, and a three-piece bathroom across a modest 657 sq ft footprint. It is freehold and currently producing an annual gross income of £5,040.
This listing will appeal to investors seeking an income-producing addition to a portfolio. The current tenant has occupied the property for several years and intends to remain, so the sale offers immediate rent roll continuity but limited vacant-possession flexibility. At the listed price of £120,000 the gross yield is approximately 4.2% (gross).
Externally the house is a traditional red-brick terrace with a small forecourt and direct street access; rear outdoor amenity is limited. The marketing notes local classification as deprived blue-collar terraces, so prospective buyers should factor local market demand and potential management costs into their appraisal. Internal condition is not fully detailed in the pack and an internal inspection is recommended to confirm exact room sizes, decorative state and any necessary repairs.
Investment potential lies in steady rental demand for urban terraces and the property's freehold tenure. However, buyers should allow for possible refurbishment to increase rental value, and note the tenant’s preference to remain may restrict short-term repositioning. Obtain the Let Property Pack, arrange an internal inspection and verify tenancy documents before committing.
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