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Beech Grove, Accrington, Lancashire, BB5

West Midlands

£57,000
Listed on 02/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
799 sqft

Description

This two-bedroom mid-terraced house presents a valuable opportunity for those looking to invest or renovate in an area with growth potential. The property is positioned conveniently, offering easy access to local amenities and transport links, making it an appealing choice for both homeowners and future renters after the initial marketing period reserved for owner-occupiers. Upon entering, you are welcomed into an entrance vestibule that leads directly into a spacious lounge, measuring approximately 4.8m x 3.6m. This area is filled with natural light and provides a solid foundation for a modernized living space. Adjacent to the lounge is the kitchen, which offers ample room at 5.80m x 2.70m. Given its current condition, this space holds significant renovation potential to create an open-plan living experience that aligns with contemporary tastes. On the first floor, you will find two well-proportioned bedrooms: the first bedroom is also 4.8m x 3.6m and features generous dimensions suitable for various layout options; the second measures 3.2m x 2.7m and could serve as a guest room or home office. Completing this level is a family bathroom of 2.6m x 1.7m that offers scope for updates and personalization. Outdoor spaces include both front and rear gardens, providing opportunities for landscaping or outdoor modifications that enhance appeal and value. The property benefits from double-glazed windows and gas central heating, contributing to overall comfort while also presenting further avenues for energy efficiency improvements. This freehold property comes without a sales chain, enabling a smoother transaction process. Additionally, it falls under Council Tax Band A, making it financially accessible for owner-occupiers or investors seeking rental opportunities in the future. With an Energy Performance Certificate rating of C, there exists potential for further enhancements that could increase energy efficiency ratings over time. In summary, this property not only offers essential living spaces but also presents considerable scope for modernization and investment growth in an evolving neighborhood environment.

Investment Analysis

(BB5 area)

Below Market Value

This property is priced -53.0% below area average per sq ft

-53.0%
Potential saving
This Property
£71/sq ft
Area Average
£152/sq ft
Avg Rent (weekly)
£151
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£133,417
10% above area average per sq ft
Potential ROI
+53.4%
After renovation
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

Beech Grove, Accrington, Lancashire, BB5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£209
Based on a loan of £42,750 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