Manchester Road, Burnley, BB11
JO

Manchester Road, Burnley, BB11

By JonSimon Estate Agents

£ 59,995

Reviews

2 out of 5 stars

JonSimon Estate Agents says ..

!! Investment Opportunity !! This ground floor apartment is beautifully presented and is ideal for anyone looking for a buy to let investment.  The property comes with a tenant in situ who currently pays £500pcm and has occupied the property since August 2022. The accommodation...

Property Oracle says ..

This two-bedroom, one-bathroom flat located on Manchester Road in Burnley, Lancashire, is presented as an investment opportunity. The property is conveniently located near Burnley Manchester Road train station and several schools, which could appeal to both owner-occupiers and investors. The photos reveal a functional but unremarkable interior, suggesting a need for potential upgrades to enhance its overall appeal. The absence of information regarding square footage and plot size hinders a definitive assessment of the price-to-size ratio. The information on the current tenant yielding £500pcm however, greatly increases the value of this property. This is reflected in its competitive listing price relative to some nearby properties. The property is ideal for a buy-to-let investment and the £59,995 listing price seems like a reasonable starting point for negotiations, especially considering the potential rental income.

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
7
Condition
5
Location
6
Land
1
Bedrooms
2
Bathrooms
1

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 %
from 156,665.00 £
Average area rental value
556.00 £/mo
Decreased by 11.75 %
from 630.00 £/mo
Est rental Yield
3.62 %
Decreased by 25.05 %
from 4.83 %
Crime Rate
38.00 %
Unchanged by 0.00 %
from 38.00 %

Agent Activity

  • JonSimon Estate Agents created the listing.

Nearby Schools

NameTypeOfstedDistance
The Aspire Hub, BurnleyOther Independent Special SchoolGood0.25 KM
Burnley St Peter'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.75 KM
Burnley CollegeFurther EducationOutstanding1.05 KM
Burnley Springfield Community Primary SchoolCommunity SchoolGood1.15 KM
Rosewood Primary SchoolCommunity SchoolGood1.19 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Yorke Street £ 800,00000.00 KM
Pleasant Place £ 000.00 KM
Victoria Street £ 000.00 KM
Bull Street £ 70,00000.00 KM
Healey Wood Road £ 91,22500.00 KM

Nearby Transport

NameNLCTLCDistance
Burnley Manchester Road2549BYM0.56 KM
Burnley Central2550BNC0.68 KM
Burnley Barracks2743BUB1.55 KM
Brierfield2554BRF4.17 KM
Rose Grove2722RSG4.24 KM

Nearby Listings

AddressPriceTypeScoreDistance
Manchester Road, Burnley, BB11 £ 59,995BUY4 / 100.00 KM
4 Ashworth House, Manchester Road, Burnley, Lancashire, BB11 1ER £ 35,000BUY5 / 100.11 KM
Manchester Road, Burnley £ 89,950BUY6 / 100.18 KM
Ashworth House, Manchester Road, Burnley £ 49,950BUY5 / 100.20 KM
The Foundry, 22a Hammerton street, Burnley, BB11 1FD £ 139,950BUY6 / 100.21 KM

Nearby Properties

AddressPriceDistance
74 Manchester Road £ 62,0000.15 KM
83a Manchester Road £ 10,0000.17 KM
83 Manchester Road £ 39,0000.17 KM
48 St James's Street £ 170,0000.22 KM
11 Hughes Street £ 45,0000.34 KM