Summary - 244 COG LANE BURNLEY BB11 5JU
3 bed 1 bath End of Terrace
Long-lease 3-bed investment near Burnley centre; auction sale — buyer fees apply.
Three bedrooms in compact 603 sq ft Victorian end-terrace
A compact three-bedroom end-terrace in Burnley, offered with a very long lease (862 years) and sold via modern auction. At about 603 sq ft, the property is aimed at investors seeking low-entry purchase and rental potential in a city location. It has gas central heating, UPVC double glazing and a traditional Victorian stone façade that retains period character.
The property has been presented as newly renovated and is chain free, making it ready for a quick purchase and let. Practical benefits include mains gas boiler and radiators, no flood risk, excellent mobile signal and fast broadband — useful for attracting tenants. Council tax is very low, helping affordability for renters.
Buyers should note material considerations: the home sits in a very deprived area with high recorded crime, which can affect rental yields and tenant choice. The stone walls are assumed to lack insulation and some original fixtures (fireplace, window fittings) need further attention despite renovation. The size is small, with one bathroom and compact rooms, limiting family appeal but suiting sharers or single-occupancy lets.
This is a modern-method auction sale. Successful bidders must pay for and view the Buyer Information Pack and will be charged a non-refundable reservation fee (4.5% of purchase price, minimum £6,600). Allow for these extra costs when budgeting. The property’s long lease, low asking price and central town location make it a clear short-term-let or standard rental investment for buyers willing to manage tenancy risk in a higher-crime area.
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