Summary - Grasmere Street, Burnley, Lancashire, BB10 BB10 1HP
2 bed 1 bath Terraced
Ready-let two-bedroom opportunity with long-term tenant.
Two-bedroom mid-terrace with front and rear gardens
A two-bedroom mid-terrace in Burnley presented as a straightforward buy-to-let with a long-term tenant in situ. The property is leasehold with an unusually long remaining term (878 years) and currently produces a gross annual income of £3,600, offering an immediate income stream for investors.
The house is typical of late-Victorian terraces: bay window frontage, modest front and rear gardens, and medium-sized rooms with period character such as a mid-century fireplace and parquet flooring. The location sits in an urban area with local amenities and several good primary and secondary schools nearby, supporting rental demand.
The property will suit investors or developers seeking a let property with potential for rental uplift through modernisation. There is scope to improve income by updating the kitchen, bathroom and decor, but the current tenant does not intend to vacate, so any refurbishment will require careful timing or negotiation.
Important considerations: this is a property in a deprived area of Burnley, so rental growth may be modest and tenant profile should be reviewed. A buyer’s premium applies to secure purchase, and the listing reflects a modest annual yield at the current rent level. No significant flood risk is recorded.
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