Summary - 61 ALBION STREET BURNLEY BB11 4QD
4 bed 1 bath Terraced
Low-price four-bed terrace sold with tenant — auction sale, refurbishment potential.
Four bedrooms and one bathroom across approx. 1,400 sq ft
Offered for sale by online auction, this four-bedroom mid-terrace in Burnley presents a clear investment proposition. The property is sold with a sitting tenant, has a long lease (900 years) and a low guide price, making it suitable for buy-to-let or a renovation project for resale. The house retains a Victorian stone facade and period character from the exterior, with double glazing already installed.
Internally the layout includes a lounge, kitchen, four bedrooms, one bathroom and a rear yard across approximately 1,400 sq ft. The home is heated by a mains-gas boiler and radiators and currently holds an EPC rating of E. There is potential to increase value through modernisation and energy-efficiency improvements, particularly wall insulation and internal upgrading.
Buyers should note material drawbacks: the property sits in a very deprived area with a very high local crime rate, which will affect rental demand and resale prospects. There is an administration/service charge of £3,600 payable on exchange (listed as payable on exchange of contracts), and the sale will follow the auction timetable — purchasers must register and consult the legal pack for full disbursements and tenant details.
This property suits investors and experienced landlords who can manage an occupied asset and budget for refurbishment and running costs. For those prepared to take on the tenancy and improve the home, the long lease and low entry price create scope for a positive yield or capital gain after works.
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