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Mountain Lane, Accrington

West Midlands

£80,000
Listed on 21/11/2024

Property Details

Bedrooms
2
Type
Detached house

Description

Situated in the inviting town of Accrington, this two-bedroom terraced house offers a solid foundation for those looking to embark on a renovation project. With ample opportunity for reimagining the space, it stands as a promising prospect for both homeowners and investors alike. As you step inside, the layout reveals itself as a blank canvas, waiting for your personal style and improvements. The ground floor features a vestibule that leads into a generously sized kitchen equipped with essential base units and an area suitable for freestanding appliances. The adjacent reception room boasts charming features, including exposed beams and a traditional gas fire, creating potential for a cozy living area with thoughtful updates. Upstairs, you'll find two well-proportioned bedrooms that offer flexibility in design. The main bedroom is flooded with natural light from its dual windows, while the second bedroom retains character with its hardwood window. A bathroom completes this level and presents an opportunity for modernization or reconfiguration according to your vision. The outdoor space at the back of the property provides a laid-to-lawn garden along with additional bedding areas that encourage creativity in landscaping and gardening endeavors. Whether you envision a serene retreat or an active space for entertaining, this area is full of potential. Located conveniently within Accrington, this property not only offers immediate renovation opportunities but also positions itself as a sound investment in a desirable neighborhood. With the right enhancements, it could significantly increase in value over time—making it an attractive option for those looking to invest in real estate. Overall, this property is more than just a house; it's an opportunity to create something uniquely yours while capitalizing on its inherent investment potential.

Investment Analysis

(BB5 area)
Area Average
£152/sq ft
Avg Rent (weekly)
£151
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
62
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (BB5)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 3.8%
5 year growth: 29.3%
Investment Disclaimer: Analysis based on BB5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mountain Lane, Accrington
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£293
Based on a loan of £60,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE