Low-cost lot for hands-on investors seeking refurbishment potential.
Freehold Victorian end terrace with stone facade
Two bedrooms, lounge, kitchen, bathroom and rear yard
Sold at auction — immediate deposit and buyer’s fees apply
Needs full refurbishment; likely electrical/heating and insulation work
EPC E; mains gas boiler and radiators present
Small plot, on-street parking only
High local crime and very deprived area — affects rental/resale prospects
Cheap Council Tax Band A
This two-bedroom Victorian end terrace is offered for sale at auction as a freehold investment or refurbishment project. The property occupies a small urban plot close to Nelson town centre, local shops and bus links to Burnley and Colne. It has two reception rooms, a kitchen, bathroom and a rear yard; the facade is traditional stone and some original features remain.
The house requires full refurbishment throughout — it is sold in its current condition and will need updating to modern standards. Notable facts: EPC rating E, mains gas boiler and radiators present, double glazing fitted (install date unknown), and walls likely lack insulation. Buyers should allow for works to heating, decoration, possible electrical upgrades and insulation improvements.
Auction sale brings additional costs and commitments: immediate deposit, non-refundable buyer’s premium (£1,500 inc VAT) and administration fee (2.5% inc VAT, minimum £2,500), plus any disbursements in the legal pack. The property sits in a very deprived area with a high local crime rate, which will affect lettability and resale values — important for investors to factor into yield and exit planning.
For a hands-on investor the property presents potential: low purchase price, cheap council tax (Band A), nearby schools and transport links increase local demand for rental properties. However, it suits buyers prepared to manage refurbishment, rental risk, and the obligations of buying at auction.
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