2 Bed Terraced House, Single Let, Accrington, BB5 6QB, £70,000

211 Avenue Parade, Accrington, BB5 6QB - 2 views - 22 days ago

Auction

BTL

ROI: 10%

98 m²

ValuationUndervalued

Sold Prices	£43K - £780K
Sold Prices/m²	£572/m² - £11.1K/m²

Square Metres	98 m²
Price/m²	£714/m²
Value Estimate	£84,700£84,700
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£3,300£3,300
Total Cash In	£20,800£20,800

Cash Out
Rent Range	£450 - £850£450 - £850
Rent Estimate	£521
Running Costs/mo	£343£343
Cashflow/mo	£178£178
Cashflow/yr	£2,137£2,137
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £43K to £780K, average is £91K. £572/m² to £11.1K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£78K	02/21	0.02 mi	117, Avenue Parade, Accrington, Lancashire BB5 6QA	£848	92	2	Terraced House
£57K	04/23	0.02 mi	137, Avenue Parade, Accrington, Lancashire BB5 6QA	-	-	2	Terraced House
£85K	08/21	0.03 mi	134, Avenue Parade, Accrington, Lancashire BB5 6QB	£1,348	63	2	Terraced House
£90K	07/23	0.03 mi	200, Avenue Parade, Accrington, Lancashire BB5 6QB	£1,021	88	2	Terraced House
£65.5K	02/21	0.03 mi	59, Water Street, Accrington, Lancashire BB5 6QU	£809	81	2	Terraced House
£104K	05/23	0.07 mi	221, Stanley Street, Accrington, Lancashire BB5 6QQ	£1,278	81	2	Terraced House
£109.5K	04/23	0.08 mi	153, Bold Street, Accrington, Lancashire BB5 6SS	-	-	2	Terraced House
£89K	12/20	0.08 mi	153, Bold Street, Accrington, Lancashire BB5 6SS	-	-	2	Terraced House
£100K	10/21	0.09 mi	166, Bold Street, Accrington, Lancashire BB5 6SR	£1,350	74	2	Terraced House
£149.9K	12/22	0.11 mi	6, Coppice Avenue, Accrington, Lancashire BB5 6QS	£2,542	59	2	Semi-Detached House
£92K	03/23	0.14 mi	96, Manor Street, Accrington, Lancashire BB5 6EA	£1,373	67	2	Terraced House
£61K	02/23	0.14 mi	72, Water Street, Accrington, Lancashire BB5 6QZ	-	-	2	Terraced House
£165K	05/23	0.15 mi	68, Waddington Road, Accrington, Lancashire BB5 6QL	-	-	2	Detached House
£80K	04/23	0.15 mi	39, Bold Street, Accrington, Lancashire BB5 6SW	£1,000	80	2	Terraced House
£69K	12/20	0.16 mi	102, Burnley Road, Accrington, Lancashire BB5 6DW	£726	95	2	Terraced House
£82K	04/23	0.16 mi	53, Manor Street, Accrington, Lancashire BB5 6EE	£1,108	74	2	Terraced House
£101K	03/23	0.17 mi	62, Oswald Street, Accrington, Lancashire BB5 6SJ	£878	115	2	Terraced House
£780K	04/21	0.18 mi	13, Washington Street, Accrington, Lancashire BB5 6PH	£11,143	70	2	Terraced House
£85K	01/23	0.18 mi	49, Cedar Street, Accrington, Lancashire BB5 6SQ	£1,393	61	2	Terraced House
£57K	10/21	0.18 mi	78, Stanley Street, Accrington, Lancashire BB5 6PQ	£851	67	2	Terraced House
£54.5K	02/21	0.18 mi	111, Stanley Street, Accrington, Lancashire BB5 6PQ	£757	72	2	Terraced House
£92K	03/23	0.18 mi	83, Stanley Street, Accrington, Lancashire BB5 6PQ	£989	93	2	Terraced House
£65K	04/23	0.18 mi	54, Stanley Street, Accrington, Lancashire BB5 6PQ	£774	84	2	Terraced House
£90K	03/23	0.19 mi	195, Burnley Road, Accrington, Lancashire BB5 6DH	£968	93	2	Terraced House
£100.1K	10/21	0.19 mi	163, Burnley Road, Accrington, Lancashire BB5 6DH	£953	105	2	Terraced House
£85K	05/21	0.2 mi	23, Bradford Street, Accrington, Lancashire BB5 6TB	£1,012	84	2	Terraced House
£75K	01/23	0.22 mi	28, Bold Street, Accrington, Lancashire BB5 6RH	£838	89	2	Terraced House
£90K	04/23	0.24 mi	17, Mansion Street South, Accrington, Lancashire BB5 6SH	£1,000	90	2	Terraced House
£72.5K	05/21	0.25 mi	45, Washington Street, Accrington, Lancashire BB5 6TF	£1,098	66	2	Terraced House
£78K	02/23	0.26 mi	5, Percy Street, Accrington, Lancashire BB5 6TQ	£1,114	70	2	Terraced House
£110K	05/21	0.26 mi	42, Annie Street, Accrington, Lancashire BB5 6AQ	£1,264	87	2	Terraced House
£75K	03/23	0.28 mi	24, Water Street, Accrington, Lancashire BB5 6PX	£1,364	55	2	Terraced House
£46K	10/21	0.35 mi	10, Hood Street, Accrington, Lancashire BB5 1BW	£667	69	2	Terraced House
£56K	06/23	0.35 mi	31, Hood Street, Accrington, Lancashire BB5 1BW	-	-	2	Terraced House
£104K	09/21	0.37 mi	23, Nutter Road, Accrington, Lancashire BB5 6BB	£1,095	95	2	Terraced House
£115K	05/23	0.37 mi	14, Nutter Road, Accrington, Lancashire BB5 6BB	-	-	2	Terraced House
£43K	05/21	0.37 mi	31, Derby Street, Accrington, Lancashire BB5 1BP	£572	75	2	Terraced House
£122K	12/21	0.38 mi	23, Barnfield Street, Accrington, Lancashire BB5 2AQ	-	-	2	Terraced House
£101.5K	12/20	0.38 mi	12, Barnfield Street, Accrington, Lancashire BB5 2AQ	£1,025	99	2	Terraced House
£142K	05/21	0.38 mi	4, Eton Avenue, Accrington, Lancashire BB5 6BH	£2,448	58	2	Semi-Detached House
£100K	03/23	0.41 mi	10, Haywood Road, Accrington, Lancashire BB5 6AT	£1,190	84	2	Terraced House
£127.5K	11/21	0.42 mi	37, Lime Road, Accrington, Lancashire BB5 6BJ	£2,752	46	2	Semi-Detached House
£105K	12/21	0.42 mi	122, Lime Road, Accrington, Lancashire BB5 6BJ	£1,167	90	2	Terraced House
£107K	04/21	0.42 mi	116, Lime Road, Accrington, Lancashire BB5 6BJ	£1,176	91	2	Terraced House
£90K	05/21	0.43 mi	36, Haywood Road, Accrington, Lancashire BB5 6AT	£1,086	83	2	Terraced House
£150K	10/21	0.44 mi	20, Clifton Avenue, Accrington, Lancashire BB5 6BE	£2,308	65	2	Semi-Detached House
£158K	03/21	0.44 mi	41, Clifton Avenue, Accrington, Lancashire BB5 6BE	£2,358	67	2	Semi-Detached House
£143K	05/21	0.46 mi	5, Winchester Avenue, Accrington, Lancashire BB5 6BP	£2,918	49	2	Semi-Detached House
£130K	05/21	0.46 mi	24, Cheltenham Avenue, Accrington, Lancashire BB5 6BG	-	-	2	Semi-Detached House
£158K	03/23	0.46 mi	1, Winchester Avenue, Accrington, Lancashire BB5 6BP	£2,902	54	2	Semi-Detached House

Local Rents

21 rents from £450/mo to £850/mo, average is £600/mo.

Rent	Date	Distance	Address	Beds	Type
£670	12/24	0.08 mi	-	2	Terraced House
£650	12/24	0.09 mi	Bold Street, Accrington, Lancashire, BB5	2	Flat
£650	02/25	0.11 mi	-	2	Terraced House
£650	12/24	0.13 mi	Oswald Street, Accrington, Lancashire, BB5	2	Flat
£650	12/24	0.14 mi	Manor Street, Accrington, Lancashire, BB5	2	Terraced House
£600	03/25	0.15 mi	-	2	Terraced House
£650	02/25	0.16 mi	-	2	Terraced House
£595	12/24	0.18 mi	-	2	Terraced House
£595	12/24	0.2 mi	Oswald Street, Accrington	2	Terraced House
£600	12/24	0.21 mi	Water Street, Accrington	2	Terraced House
£795	03/25	0.27 mi	-	2	Terraced House
£550	12/24	0.32 mi	Lee Street, Accrington, Lancashire, BB5	2	Terraced House
£650	03/25	0.34 mi	-	2	Terraced House
£525	12/24	0.35 mi	-	2	Terraced House
£520	12/24	0.36 mi	-	2	Terraced House
£495	12/24	0.47 mi	3a Cross StreetAccringtonLancashire	2	Flat
£850	02/25	0.47 mi	-	2	Bungalow
£550	12/24	0.5 mi	Blackburn Road,Accrington,BB5	2	Flat
£450	12/24	0.51 mi	-	2	Flat
£525	12/24	0.55 mi	Eagle Street , Accrington, Lancashire, BB5	2	Flat
£595	12/24	0.62 mi	Bishop Street, Accrington, Lancashire, BB5	2	Flat

Local Area Statistics

Population in BB5	61,41561,415
Town centre distance	0.48 miles away0.48 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.64 miles away0.64 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £70,000

February 25, 2025

Description

PERFECT INVESTMENT OPPORTUNITY, SOLD WITH TENANT IN SITU
NO INTERNAL INSPECTIONS AVAILABLE

To be sold via online auction - powered by The Auction Group

Nestled in the charming area of Avenue Parade, Accrington, this delightful two-bedroom end terrace house presents an excellent opportunity for investors. The property is currently tenanted, providing an immediate income stream for potential investors. The end terrace design not only enhances privacy but also allows for natural light to flood the living spaces, creating a warm and inviting atmosphere.

Auction Details
To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £70,000 (Reserve price is higher & unpublished)

Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium that applies to this lot payable by the buyer. The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.

Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.

Gound Floor -

Entrance - UPVC double glazed door to vestibule.

Vestibule - Tiled floor, coving, meter cupboard and door to hall.

Hall - Stairs to first floor and coving to ceiling.

Reception Room One - 4.29m x 3.00m (14'1 x 9'10) - UPVC double glazed bay window, coving and solid fuel fire with feature fireplace, wood surround tiled insert and hearth.

Dining Room - 4.50m x 4.60m (14'9 x 15'1) - Two UPVC double glazed windows, central heating radiator, multi fuel burner in recessed fireplace ( supplying hot water with back up boiler ), access to under stairs storage and wall lighting.

Kitchen - 3.38m x 2.08m (11'1 x 6'10) - Range of wall and base units, stainless steel sink and drainer, tiled splash back, plumbing for washing machine, access to boiler and door to rear.

First Floor -

Landing - Doors to two bedrooms and bathroom.

Bedroom One - 4.50m x 3.38m (14'9 x 11'1) - UPVC double glazed window and central heating radiator.

Bedroom Two - 3.99m x 1.98m ( 13'1 x 6'6) - UPVC double glazed window, central heating radiator and over stairs storage.

Bathroom - UPVC double glazed window, three piece suite, low flush WC, pedestal wash basin, tiled splash back, panel bath with overhead shower.

External -

Rear - Enclosed yard with access to garage.

Front - Enclosed courtyard.

Garage - 4.88m x 2.90m (16' x 9'6) - Up and over garage door, power and lighting, separate side entrance to yard.

Agent Details

Keenans Estate Agents, Swinton

0161 524 5515

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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