1 bed End Terrace House For Auction
Melbourne Street, Padiham, Burnley, Lancashire, BB12

TO BE SOLD BY ONLINE AUCTION ON 6TH DECEMBER 2023 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

2 Melbourne Street, Padiham, Burnley, BB12 7EU

Nestled in the heart of Padiham, Burnley, this tenanted one-bedroom end-terrace property presents an ideal opportunity for savvy investors seeking a buy-to-let investment with the potential for substantial value enhancement through modernisation.

The current tenant is on a rolling AST of £350 per calendar month, the property has not been inspected by Edward Mellor Auction but is reported to comprise one bedroom a spacious living area, a kitchen, and a bathroom, this property offers a solid foundation for refurbishment and modernisation, allowing you to tailor it to the demands of the rental market. Once renovated and let this property could generate approximately £550 per calendar month.

Padiham, situated within the picturesque Burnley area, boasts a rich history and a close-knit community. Its proximity to Burnley town centre provides residents with access to a wide array of amenities, schools, and leisure options. With its affordable housing market and growing popularity among tenants, Padiham offers a compelling investment proposition.

comparable

2 Victoria Road Burnley BB12 8QY 27/06/2022 £68,000 T 1 beds 0.15 mi

6 St Giles Street Burnley BB12 8HL 14/03/2022 £81,000 T 1 beds 0.50 mi

126 Burnley Road Burnley BB12 8SJ 01/03/2022 £60,000 T 1 beds 0.15 mi

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