2 Investment Flats, Watery Lane, Springvale, Darwen
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2 Investment Flats, Watery Lane, Springvale, Darwen

By Ainsworth Lord Estates

£ 165,000

Reviews

2 out of 5 stars

Ainsworth Lord Estates says ..

ATTENTION LANDLORDS! **2 HUGE 4 BED FLATS***ONE FLAT IS CURRENTLY TENANTED AND ONE FLAT IS EMPTY**RUNNING INVESTMENT OPPORTUNITY**STRONG DEMAND AREA**ALL COMPLIANCE AND SAFETY CERTIFICATES IN PLACE***

Property Oracle says ..

This property is a pair of investment flats located in Darwen, Lancashire. The listing highlights its potential for rental income as one flat is currently tenanted and the other is vacant. The property includes a total of eight bedrooms and two bathrooms spread across the two units. The available photographs show functional but dated interiors, suggesting the need for some refurbishment. The kitchens and bathrooms are showing their age. The external photos indicate a stone-built property which is common for this region. The absence of information regarding the exact plot size makes it difficult to comment on outdoor space. The location is a reasonable one. Proximity to train stations and schools is noted in the description. However, there is limited further information about the quality of local amenities. Overall, the property presents itself as a potential investment opportunity, but would require some upgrading and modernising before being fully attractive to new tenants. The price, while seeming reasonable initially, requires careful scrutiny given the needs for modernization. Additional information on comparable properties, and square footage would give a clearer perspective on valuation. The property is well suited for landlords seeking a rental investment.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
6
Land
1
Bedrooms
8
Bathrooms
2
Sqft (est)
2,320.10

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics YoY

Area value
100 £
from 0 £
Rental value
20 £
from 0 £
Rental Yield
20 %
from 0 %
Crime Rate
200 %
from 0 %

Agent Activity

  • Ainsworth Lord Estates marked this listing as sold.

  • Ainsworth Lord Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Darwen, St Barnabas Cofe Primary AcademyAcademy ConverterGood0.52 KM
Darwen St Peter'S Church Of England Primary SchoolVoluntary Aided SchoolRequires improvement0.77 KM
Turncroft Nursery SchoolLocal Authority Nursery SchoolOutstanding1.03 KM
Ashleigh Primary SchoolFoundation SchoolGood1.04 KM
Aurora Woodlands SchoolOther Independent Special SchoolGood1.26 KM

Images

BATHROOM ROOM 1 UPSTAIRS ROOM BATHROOM DOWNSTAIRS KITCHEN UPSTAIRS ROOM 2 Corner External Front External UPSTAIRS KITCHEN UPSTAIRS ROOM ROOM 1

Nearby Streets

NameAverage PriceAverage SqftDistance
Clough Street £ 156,64800.00 KM
Spring Vale Road £ 150,00000.00 KM
Poppy Drive £ 230,00000.00 KM
Blackcap Close £ 000.00 KM
Skylark Way £ 260,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Darwen2576DWN1.85 KM
Entwistle2747ENT5.48 KM
Blackburn2737BBN7.37 KM
Mill Hill (Lancs)2750MLH7.66 KM
Cherry Tree2573CYT8.83 KM

Nearby Listings

AddressPriceTypeScoreDistance
2 Investment Flats, Watery Lane, Springvale, Darwen £ 165,000BUY4 / 100.00 KM
Bentley Street, Darwen, BB3 £ 130,000BUYUnknown0.05 KM
Spring Vale Garden Village, Darwen £ 217,500BUY5 / 100.06 KM
Thompson Street, Darwen £ 120,000BUYUnknown0.07 KM
Clough Street, Darwen, BB3 £ 160,000BUY6 / 100.10 KM

Nearby Properties

AddressPriceDistance
11 Watery Lane £ 60,0000.02 KM
3 Cocker Street £ 70,0000.02 KM
7 Cocker Street £ 69,9500.02 KM
9 Cocker Street £ 26,0000.02 KM
26 Bentley Street £ 100,0000.04 KM