Freehold block with immediate rental appeal and renovation upside.
- Four self-contained one-bedroom apartments ideal for buy-to-let
- Combined floor area approx. 2,237 sqft; units small-to-average size
- Modern fitted kitchens, shower rooms, laminate flooring throughout
- Double glazed since 2002 and gas central heating via boiler
- Georgian stone building; walls likely uninsulated — retrofit likely
- Street-facing position on a main road; limited long-distance views
- Very deprived area with high local crime rates — affects demand
- On-street parking plus enclosed gated yard for three apartments
This freehold property on Gannow Lane is presented as four self-contained one-bedroom apartments over two floors, offering immediate buy-to-let potential in Burnley. Each flat has an open-plan lounge/kitchen, fitted appliances, shower room and modern finishes, reducing short-term maintenance overheads and allowing swift occupation.
The building is a converted Georgian stone structure with double glazing and gas central heating; recent renovation work is evident in kitchens and bathrooms. Units are small-to-average for one-bedroom accommodation, suited to single occupants or couples and priced to reflect the local rental market and Council Tax Band A.
Buyers should be aware of material area considerations: the property sits on a main road with street-facing outlooks and the neighbourhood is classified as very deprived with a high local crime rate. The original stone walls are assumed uninsulated, which could affect long-term energy performance despite upgraded glazing and an EPC around C.
For an investor this is a clear refurbishment/income opportunity: the block already lets as compact units and benefits from on-street parking plus an enclosed gated yard providing rear access. Budget for potential insulation or fabric improvements and factor local market conditions when setting rents or planning further works.
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