Whalley New Road

WHY THIS INVESTMENT?

This is a rare opportunity to acquire two income-producing flats under one roof and one title, simplifying management and ownership. With an exceptionally long lease term remaining, a nominal ground rent, and no annual service charges, this is a low-overhead investment with strong net returns for the right buyer.

The upstairs flat has been tenanted since January 2018, demonstrating long-term tenant stability, while the downstairs flat has recently become vacant – presenting an ideal opportunity for an investor to re-let at current market rent, refurbish to add value, or occupy as part of an owner-investor strategy.

THE INVESTMENT

• Asking Price: £145,000
• Current Rental Income: £1,080 per month (£585 + £495)
• Potential Annual Rental Income: £12,960 per annum
• Potential Gross Yield: 8.94%
• Number of Units: 2 self-contained flats
• Tenure: Leasehold – 881 years remaining
• Ground Rent: £1.12 per annum
• Annual Service Charges: None
• Arrears: None
• EPC Rating: C (both flats)
• Title: Single title for both flats

TENANCY SUMMARY

• Upstairs flat: tenanted since 12th January 2018 – £585 per month
• Downstairs flat: vacant as of 3rd August 2026 (previously £495 per month) – ready to re-let
• No arrears on the tenanted unit
• Ground rent of £1.12 per annum, last paid 29th May 2026

KEY HIGHLIGHTS

• Two self-contained flats under a single title – simple, consolidated ownership
• 881 years remaining on the lease – exceptional long-term security
• Nil annual service charges and negligible ground rent
• EPC rating of C on both flats
• Established, long-term upstairs tenant since 2018
• Vacant downstairs flat offers immediate upside – re-let at market rent or refurbish to add value
• No arrears – clean rental history

INVESTMENT SUMMARY

With a potential gross yield of circa 8.94% once fully let, minimal running costs, and the security of an 881-year lease, 762 Whalley New Road represents a compelling opportunity for investors seeking a low-maintenance, income-generating asset with room to add value.

For further information or to arrange a viewing, please contact Pure Investor.