34-House Terraced Portfolio — Darwen & Blackburn, Lancashire

Overview

A 34-house terraced portfolio across Darwen and Blackburn, Lancashire, assembled by one owner and offered as a single block at a guide price of £3,058,000. Twenty-eight of the houses are let, producing a passing rent of £255,600 per annum, 8.4% gross at the guide. Fully let, the portfolio models at £328,800 per annum on the vendor’s own figures, 10.8% gross, with the largest vacant house priced by the room and gross of bills.

Investment highlights

• 34 terraced houses in one line: 21 two-beds, 10 three-beds and 3 four-beds
• Passing rent of £255,600 per annum across 28 let houses, 8.4% gross at the £3,058,000 guide
• Vendor-confirmed flat rates of £700 per month on the two-beds and £850 on the three-beds
• Six vacant houses offer immediate reversion: £328,800 per annum fully let on the vendor’s figures, 10.8% gross at the guide
• The guide is set on street-level sold evidence, not a per-unit round number
• Darwen and Blackburn sit in the M65 corridor, with tenant demand anchored by hospital and manufacturing employment

Location & demand

Every house sits in Darwen or Blackburn, two settled Lancashire lettings markets a short drive apart. The two-beds let roughly 10% below current street asking levels, so the passing income is conservative rather than stretched, and stock at these rents stays let.

Held by one owner for two decades and sold as one block, the portfolio gives a buyer immediate scale in a tight geography: one management run, one refurbishment pipeline, and six vacant houses to let up from day one.

The numbers

Guide price	£3,058,000 for the whole portfolio
Passing rent	£255,600 per annum across 28 let houses
Gross yield at guide	8.4% passing, 10.8% fully let on the vendor’s figures
Unit mix	21 two-bed, 10 three-bed, 3 four-bed
Vacancy	Six houses currently vacant