Low-price auction lot; refurbishment opportunity with long lease and tenant in situ.
Two-bedroom Victorian end-terrace with small rear garden
Sold with a sitting tenant — investment income potential
Requires full cosmetic renovation; signs of damp and damaged flooring
Leasehold with 800 years remaining — long lease term
EPC rating D; mains gas boiler and radiators present
High local crime and very deprived area — affects yields/resale
Administration/service charge £3,600 payable on exchange
For sale by online auction — buyer must review legal pack
Offered for sale via national online auction, this two-bedroom Victorian end-terrace in Burnley is presented as an investment or renovation project. The property has long leasehold (800 years), sits in a city location with good transport links and nearby schools, and is currently sold with a sitting tenant. An EPC rating of D and mains gas heating are already in place, and the house includes a small rear garden.
The interior requires significant modernisation: dated decor, damaged flooring, peeling wallpaper and signs of wear throughout. There is potential damp and the property appears to lack wall insulation, so buyers should budget for essential repairs and refurbishment to achieve lettable or resale condition. Service charges/administration related to the sale total £3,600 payable on exchange; refer to the legal pack for further disbursements.
This lot will suit investors seeking a low entry price and refurbishment upside in a high-demand rental market, or a buyer prepared to renovate for owner-occupation. Note the location records higher-than-average crime and sits in a very deprived area, which will affect rental levels and resale expectations. The property is sold at auction—interested parties must register to bid and review the legal pack before bidding.