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See how verdicts work3-bedroom flat · BB2 4HA
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TWO SELF CONTAINED FLATS, BOTH SOLD WITH TENANT IN SITU ACHIEVING APPROXIMATELY 12% RENTAL YIELD.
To be sold via online auction - powered by The Auction Group Presenting an exceptional investment opportunity, this property comprises of two self-contained flats, both currently tenanted and generating a strong rental yield of approximately 12%.
The first flat offers a well-proportioned one-bedroom layout, featuring a a living area, a fitted kitchen and bathroom.
The second flat is arranged as a spacious two-bedroom flat, providing a living room, a fitted kitchen and bathroom.
Each flat benefits from its own private entrance, ensuring a sense of independence and privacy for the occupants.
The property is being sold with tenants in situ, offering immediate income for investors and eliminating the uncertainty of finding new occupants.
The combined rental income delivers an attractive yield, making this property an ideal addition to any investment portfolio.
The location is highly desirable, with local amenities, transport links, and schools all within easy reach, ensuring continued tenant demand.
With its flexible configuration, strong rental returns, and secure tenancies already in place, this property represents a rare chance to acquire a ready-made investment with excellent potential for ongoing income and capital growth.
Auction Details To be sold via Online Auction, via unconditional terms, completion strictly within 28 days Bidding window opens - TBC Auction Ends- TBC Starting price - £72,000 (Reserve price is higher & unpublished) Fees All fees are payable by banks transfer only (we do not take card payments ) Buyers premium - Please note that there is a buyers premium of £6000inc vat that applies to this lot ( %including VAT ) payable by the buyer within 2 hours of winning the auction.
The buyer's premium does not constitute part of the sale price, this is the auctioneer's fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.
Viewings To view the property please visit The Auction Groups website - for viewing availability and to register your interest.
It is highly recommended that you carry out any required due diligence prior to placing an offer on a property.
Kitchen 4.09m x 4.83m Composite entrance door, UPVC double glazed window, electric radiator, range of panelled wall and base units with laminate surfaces, stainless steel sink with drainer and mixer tap, oven, extractor hood, plumbing for washing machine, space for fridge freezer, storage, smoke alarm and doors to WC, bedroom and reception room.
Reception Room 3.38m x 3.71m UPVC double glazed window and electric fire. Bedroom 2.29m x 3.43m UPVC double glazed window, electric radiator and storage.
WC 2.13m x 2.52m Dual flush WC, pedestal wash basin, wood panelled elevations and lino flooring.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About New Wellington Street, Blackburn, BB2
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