Income-ready two-bed terrace with long lease and renovation potential in Burnley.
- Tenant in situ: immediate rental income
- 999-year lease (870 years remaining shown as 999 elsewhere)
- Victorian stone mid-terrace with period character
- Basement provides extra storage or conversion potential
- Small rooms; overall around 689 sq ft
- Located in a very deprived area with high crime rates
- On-street parking only; small rear yard
- Leasehold with £500 ground rent; EPC D
A compact two-bedroom mid-terrace on Pritchard Street offered with a long 999-year lease and a tenant in situ, making it immediately income-producing for an investor. The property retains a Victorian stone façade and period character while providing a usable basement and a small rear yard — useful for storage or modest outdoor space.
The house is arranged in a traditional layout with two small bedrooms, a modern bathroom and built-in storage. Gas central heating with a boiler and radiators is in place and glazing is double (install date unknown). At around 689 sq ft overall, the space is average for this type of terrace but rooms are compact, so targeting tenants who value location and affordability will be best.
Value drivers include the 999-year lease, tenant in situ for immediate rental income, low council tax and fast broadband availability. The property also offers clear renovation potential — the basement could be better utilised and internal modernisation would likely increase rent or resale value.
Material drawbacks are factual: the property sits in a very deprived neighbourhood with high local crime rates, on-street parking only, and assumed solid stone walls with no cavity insulation (likely requiring upgrade). It is leasehold with a ground rent of £500 and an EPC rating of D. Buyers should factor refurbishment costs and potential management considerations for a tenant-occupied purchase.
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