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George Street, Accrington BB5

West Midlands

£60,000
Listed on 01/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
894 sqft

Description

This two-bedroom mid-terrace property presents a solid opportunity for either first-time buyers or investors eager to enhance their rental portfolio. Set in the West Midlands, the home does require some modernization, allowing for tailored upgrades that can significantly increase its value and rental appeal. The layout includes an entrance hall, a living room, a kitchen, two bedrooms on the first floor, and a bathroom/WC. A rear garden adds potential for outdoor space improvements. Currently unencumbered by vendor chain, this property is positioned competitively in today’s market. With estimated rental income around £600 per month, it promises steady returns once refurbished.

Investment Analysis

(BB5 area)

Below Market Value

This property is priced -55.0% below area average per sq ft

-55.0%
Potential saving
This Property
£67/sq ft
Area Average
£149/sq ft
Avg Rent (weekly)
£161
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£146,772
10% above area average per sq ft
Potential ROI
+72.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
67
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (BB5)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +4.2%
5 year growth: +24.8%
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

George Street, Accrington BB5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£213
Based on a loan of £45,000 over 30 years at 3.91% 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

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