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 £
- Rental value
- 20 £
- Rental Yield
- 20 %
- Crime Rate
- 200 %
Agent Activity
Ainsworth Lord Estates marked this listing as sold.
Ainsworth Lord Estates created the listing.
Nearby Schools
Name | Type | Ofsted | Distance |
---|---|---|---|
Darwen, St Barnabas Cofe Primary Academy | Academy Converter | Good | 0.52 KM |
Darwen St Peter'S Church Of England Primary School | Voluntary Aided School | Requires improvement | 0.77 KM |
Turncroft Nursery School | Local Authority Nursery School | Outstanding | 1.03 KM |
Ashleigh Primary School | Foundation School | Good | 1.04 KM |
Aurora Woodlands School | Other Independent Special School | Good | 1.26 KM |
Images
Nearby Streets
Name | Average Price | Average Sqft | Distance |
---|---|---|---|
Clough Street | £ 156,648 | 0 | 0.00 KM |
Spring Vale Road | £ 150,000 | 0 | 0.00 KM |
Poppy Drive | £ 230,000 | 0 | 0.00 KM |
Blackcap Close | £ 0 | 0 | 0.00 KM |
Skylark Way | £ 260,000 | 0 | 0.00 KM |
Nearby Transport
Name | NLC | TLC | Distance |
---|---|---|---|
Darwen | 2576 | DWN | 1.85 KM |
Entwistle | 2747 | ENT | 5.48 KM |
Blackburn | 2737 | BBN | 7.37 KM |
Mill Hill (Lancs) | 2750 | MLH | 7.66 KM |
Cherry Tree | 2573 | CYT | 8.83 KM |
Nearby Listings
Address | Price | Type | Score | Distance |
---|---|---|---|---|
2 Investment Flats, Watery Lane, Springvale, Darwen | £ 165,000 | BUY | 4 / 10 | 0.00 KM |
Bentley Street, Darwen, BB3 | £ 130,000 | BUY | Unknown | 0.05 KM |
Spring Vale Garden Village, Darwen | £ 217,500 | BUY | 5 / 10 | 0.06 KM |
Thompson Street, Darwen | £ 120,000 | BUY | Unknown | 0.07 KM |
Clough Street, Darwen, BB3 | £ 160,000 | BUY | 6 / 10 | 0.10 KM |
Nearby Properties
Address | Price | Distance |
---|---|---|
11 Watery Lane | £ 60,000 | 0.02 KM |
3 Cocker Street | £ 70,000 | 0.02 KM |
7 Cocker Street | £ 69,950 | 0.02 KM |
9 Cocker Street | £ 26,000 | 0.02 KM |
26 Bentley Street | £ 100,000 | 0.04 KM |