Northwest House, 77-81 Bank Parade, Burnley, Lancashire, BB11 1EL
By Landwood Group
£ 1,000,000
Reviews
2 out of 5 stars
Landwood Group says ..
A converted office building that has been converted to provide 27 studio apartments. 25 out of 27 apartments are let . Currently producing an annual income of circa £120,000p.a. with opportunity to increase to £129,000p.a. once fully let. FOR SALE- Offered on behalf of the liquidators
Property Oracle says ..
The property is a block of apartments located on Bank Parade, Burnley. The property is in a mixed commercial and residential area, with good access to local amenities and transport links. The building appears to be in fair condition, but the internal photos suggest that it may require some modernisation. The bathrooms and kitchens appear dated, which could deter potential tenants or buyers looking for a modern living space. The asking price of £1,000,000 seems reasonable when compared to the average property price in the area of £184,337. However, without the square footage of the property, it is difficult to determine the value for money.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 6
- Land
- 1
- Bedrooms
- 27
- Bathrooms
- 27
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 184,337.00 £Increased by 17.66 %
- Average area rental value
- 556.00 £/moDecreased by 11.75 %
- Est rental Yield
- 3.62 %Decreased by 25.05 %
- Crime Rate
- 20.00 %Unchanged by 0.00 %
Agent Activity
Landwood Group created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Burnley St Peter'S Church Of England Primary School | Voluntary Aided School | Good | 0.20 KM |
| Olive High | Other Independent School | Good | 0.79 KM |
| The Aspire Hub, Burnley | Other Independent Special School | Good | 0.86 KM |
| Burnley College | Further Education | Outstanding | 1.01 KM |
| Rawdhatul Uloom | Other Independent School | Good | 1.06 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Rawcliffe Street | £ 0 | 0 | 0.00 KM |
| Parker Street | £ 0 | 0 | 0.00 KM |
| Robinson Street | £ 0 | 0 | 0.00 KM |
| Bank House Street | £ 0 | 0 | 0.00 KM |
| Bull Street | £ 70,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Burnley Central | 2550 | BNC | 0.51 KM |
| Burnley Manchester Road | 2549 | BYM | 1.19 KM |
| Burnley Barracks | 2743 | BUB | 1.93 KM |
| Brierfield | 2554 | BRF | 3.60 KM |
| Rose Grove | 2722 | RSG | 4.70 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Northwest House, 77-81 Bank Parade, Burnley, Lancashire, BB11 1EL | £ 1,000,000 | BUY | 4 / 10 | 0.00 KM |
| Stackhouses, Bank Parade, Burnley | £ 58,000 | BUY | Unknown | 0.06 KM |
| Bank Parade, Burnley | £ 230,000 | BUY | 6 / 10 | 0.07 KM |
| Church Street, Burnley, Lancashire, BB11 2RS | £ 770,000 | BUY | 4 / 10 | 0.10 KM |
| Church Street, Burnley | £ 770,000 | BUY | 5 / 10 | 0.20 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 77 - 81 Bank Parade | £ 225,000 | 0.05 KM |
| 57 Bank Parade | £ 55,000 | 0.05 KM |
| 56 Church Street | £ 10,000 | 0.17 KM |
| Shorey Cottage | £ 85,000 | 0.20 KM |
| 89 Church Street | £ 70,000 | 0.20 KM |