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Water Street, Accrington, BB5

West Midlands

£80,000

Listed on 18/03/2026

Property details

Bedrooms
2
Type
Terraced
Area
902 sqft

Description

This mid-terrace property, constructed from enduring stone, offers a promising investment opportunity with significant renovation potential. Positioned conveniently near Accrington town centre, the home provides easy access to local amenities and excellent public transport links, making it an attractive option for both families and professionals. Inside, two spacious reception rooms present flexible living arrangements that can be adapted to suit various lifestyles. The kitchen is adequately sized and invites modernisation, allowing for a stylish redesign that reflects contemporary preferences. The bathroom is functional and well-configured but could benefit from updates to align with modern standards. On the upper floor, two generously proportioned double bedrooms ensure comfortable living spaces, both enriched by natural lighting and neutral aesthetics. The property exudes character with traditional features that stand ready to be enhanced through thoughtful renovation efforts. This terrace home is ideally suited for buyers wanting a rewarding project or wishing to expand their investment portfolio, offering ample opportunities to increase value while personalising the environment. The location further enhances its appeal, surrounded by various shops, educational institutions, and recreational facilities just a stone's throw away; not to mention the scenic walks at The Coppice nearby. With its sturdy build and ample interior space in a desirable area, this property presents a unique chance to create a tailored dwelling with notable potential.

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Investment analysis

(BB5 area)

Below Market Value

This property is priced -40.8% below area average per sq ft

-40.8%
Potential saving
This Property
£89/sq ft
Area Average
£150/sq ft
Avg Rent (weekly)
£164
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£148,632
10% above area average per sq ft
Potential ROI
+14.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (BB5)

Area prices are rising by +3.8% over the last 12 months
3 year growth: +9.5%
5 year growth: +25.9%
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

Water Street, Accrington, BB5
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£302
Based on a loan of £60,000 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

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