Whalley New Road, Blackburn, Blackburn With Darwen
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
2
- SIZE
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Key features
- Potential gross yield of 8.94% once fully let
- 881 years remaining on the lease — exceptional long-term security
- Nil annual service charges and negligible ground rent (£1.12 p.a.)
- Two flats consolidated under a single title — simple ownership structure
- Long-standing upstairs tenant since 2018 with no arrears
- Vacant downstairs flat offers immediate upside to re-let, refurbish, or occupy
Description
This is a rare chance to acquire two income-producing flats under one roof and one title, simplifying management and ownership. With an exceptionally long lease term remaining (881 years), a nominal ground rent of just £1.12 per annum, and no annual service charges, this is a low-overhead investment offering strong net returns for the right buyer.
The upstairs flat has been tenanted since January 2018, demonstrating excellent long-term tenant stability and a clean rental history with no arrears. The downstairs flat has recently become vacant, presenting an ideal opportunity for an investor to re-let at current market rent, refurbish to add value, or occupy as part of an owner-investor strategy.
Combined current rental income stands at £1,080 per month (£585 upstairs, £495 downstairs), with a potential gross yield of circa 8.94% once fully let. Both flats hold an EPC rating of C.
Asking price £145,000.
An excellent opportunity for investors seeking a low-maintenance, income-generating asset with room to add value
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Whalley New Road, Blackburn, Blackburn With Darwen
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Visit our security centre to find out moreDisclaimer - Property reference 762-whalley-range-road. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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