Summary - 47 MELVILLE STREET BURNLEY BB10 3EW
2 bed 1 bath Terraced
**Standout Features:**
- **Investment Potential:** Currently tenanted, yielding £595 per month
- **Prime Location:** Close to Burnley Hospital and local amenities on Briercliffe Road
- **Size:** Average two-bedroom, one-bathroom terraced home (776 sq ft)
- **Heating:** Gas central heating and double-glazed windows for efficient warmth
- **Council Tax:** Very affordable rates
**Considerations:**
- **Condition:** Requires renovation; some rooms show signs of neglect
- **Deprivation Level:** Situated in a deprived area with above-average crime rates
- **Leasehold:** Property subject to leasehold conditions
Discover a promising investment opportunity in this two-bedroom Victorian terraced house, ideally located near Burnley Hospital and local shops, with excellent transport connections to the town center. This property offers a solid rental income of £595 per month, making it an attractive choice for investors seeking immediate returns. Boasting double glazing and gas central heating, the home features two quaint reception rooms, a separate kitchen, two double bedrooms, and a bathroom, along with a small rear yard.
While the property exhibits the charm of a period home, it does require extensive refurbishment to restore its full potential. The area, classified as a deprived blue-collar terrace with average crime rates, may pose challenges, but it also presents a unique chance for savvy buyers to add value through renovations. With affordable council tax and strong demand in the local rental market, don’t miss this chance to invest in an urban slice of Victorian history - an opportunity like this won’t last long.
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