yieldit are pleased to offer onto the market this four-bedroom property which is tenanted for the next 7 years, generating an annual NET income of £12,168.00 per annum. The terraced property is newly refurbished and carpeted throughout, compromising of a hallway; four bedrooms; two reception rooms including dining area; fitted kitchen and appliances; gas central heating and double glazing.<br /><br />The property is conveniently situated close to local amenities and transport links. BB5 is a relatively popular area with 1477 transactions recorded in the past 12 months, which is 707.3% higher than the national average of 183. Overall, sold prices in Accrington over the last year were 13% up on the previous year and 15% up on the 2019 peak of £108,709.<br /><br />Accrington lies in Hyndburn in the borough of Lancashire. It has great transport links as it lies on the East Lancashire line which runs between Preston, Colne, through Blackburn and Burnley. Now is an excellent time to invest in Accrington as the Council has approved a £70m masterplan to transform the town centre into a 'vibrant, bustling and proud' area which will ‘entice up to 820,000 visitors annually and support hundreds of new jobs’. The plans aim to boost the economy and attract inward investment which will drive people to the area and increase the rental demand.<br /><br /> Financial Breakdown<br /><br /> Gross rent: £12,168 <br /> Net income: £12,168 <br /> Gross yield: 8.24% <br /> Net yield: 8.24% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17364