Summary - 40 PARK ROAD CHORLEY PR7 1QU
2 bed 1 bath Flat
Immediate income stream with refurbishment upside for hands-on buyers.
- Two bedrooms, lounge, kitchen and bathroom in compact 517 sq ft footprint
- Currently tenanted producing £7,140 gross per year (long-term tenant)
- Approximate gross yield c.6.5% at £110,000 purchase price
- Victorian mid-terrace with period features but small overall size
- External scaffolding/repairs visible on neighbouring property
- High local crime rates and area classified as deprived
- Limited external amenity space; likely minimal garden/yard
- Recommend full inspection, EPC and scope for refurbishment costs
A compact two-bedroom flat on Park Road, offered with a long-term tenant in situ and producing £7,140pa. The property is suited to buyers seeking an immediate income stream; current figures imply an approximate gross yield of 6.5% at the listed price. The building is a Victorian-era mid-terrace with period proportions but limited internal floorspace (around 517 sq ft).
The exterior shows evidence of neighbouring repairs and some façade works; the wider area scores as deprived and local crime levels are described as high, which are important for risk assessments and insurance costs. Internal condition is not fully documented here—an inspection, EPC and full photographic schedule are strongly recommended before exchange.
This is a clear buy-to-let or portfolio-addition opportunity: it offers steady rental income with potential uplift after targeted refurbishment. Investors should allow budget for remedial works and factor in local market characteristics when setting management and maintenance plans.
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