Mill Street, Padiham, Burnley, Lancashire, BB12
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Mill Street, Padiham, Burnley, Lancashire, BB12

By Reeds Rains

£ 55,000

Reviews

2 out of 5 stars

Reeds Rains says ..

VENDOR TO PAY FIRST YEARS SERVICE CHARGES ATTENTION INVESTORS. GOOD RENTAL YIELD WITH TENANT IN SITU. Reeds Rains are delighted to offer for sale this spacious 2 bedroom apartment situated in a desirable conservation area of Padiham. Ideally located close to all amenities and motorway links....

Property Oracle says ..

This two-bedroom apartment in Padiham, Burnley, is listed for £55,000. The property is located in a relatively convenient area with good access to schools and train stations. The interior, as depicted in the provided photographs, appears clean and modern, suggesting it may have undergone recent renovations or maintenance. However, the absence of exterior shots and lack of complete interior views limit a comprehensive assessment. The major drawback is the complete absence of a garden or any significant outdoor space. The price seems acceptable considering the limited information available, especially for investors, although full due diligence and a proper survey would be necessary for a complete evaluation. The listing description emphasizes its potential as an investment opportunity, suggesting it may be targeted toward buy-to-let investors rather than first-time buyers seeking larger living spaces. Comparing the property to other recent sales in the same street presents a challenge due to inconsistencies in the data provided for other listings. While the location is convenient, and the interior appears well-maintained, the small plot size and lack of detailed property information impact the overall assessment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
2
Bathrooms
1
Sqft (est)
678.00

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
120,284.00 £
Increased by 10.40 %
from 108,950.00 £
Est sale value
98,310.00 £
Increased by 28.32 %
from 76,614.00 £
Average area rental value
699.00 £/mo
Increased by 9.73 %
from 637.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
6.97 %
Decreased by 0.71 %
from 7.02 %
Crime Rate
56.00 %
Unchanged by 0.00 %
from 56.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Padiham St Leonard'S Voluntary Aided Church Of England Primary SchoolVoluntary Aided SchoolGood0.28 KM
Padiham Green Church Of England Primary SchoolVoluntary Controlled SchoolGood0.50 KM
St John The Baptist Roman Catholic Primary School, PadihamVoluntary Aided SchoolGood0.90 KM
Padiham Primary SchoolCommunity SchoolGood1.35 KM
Padiham Whitegate Children'S CentreChildren's Centre1.43 KM

Images

Picture No. 10 Picture No. 01 Picture No. 03 Picture No. 04 Picture No. 07 Picture No. 06 Picture No. 02

Nearby Streets

NameAverage PriceAverage SqftDistance
Factory lane £ 000.00 KM
Moor Lane £ 000.00 KM
Clitheroe Street £ 000.00 KM
Wasdale Close £ 000.00 KM
Orchard Avenue £ 208,32500.00 KM

Nearby Transport

NameNLCTLCDistance
Hapton2557HPN2.24 KM
Rose Grove2722RSG3.99 KM
Huncoat2558HCT4.88 KM
Burnley Barracks2743BUB6.44 KM
Burnley Manchester Road2549BYM7.58 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mill Street, Padiham, Burnley, Lancashire, BB12 £ 55,000BUY5 / 100.00 KM
Mill Street, Padiham, Burnley, Lancashire, BB12 £ 42,000BUY5 / 100.01 KM
Mill Street, Padiham, BB12 £ 89,950BUY5 / 100.08 KM
Ightenhill Street, Padiham £ 75,000BUY5 / 100.09 KM
Gawthorpe Street, Padiham, BB12 £ 124,950BUY7 / 100.10 KM

Nearby Properties

AddressPriceDistance
29 Mill Street £ 96,0000.00 KM
25 Mill Street £ 23,0000.04 KM
27 Mill Street £ 97,0000.04 KM
6 Smithys Court £ 86,0000.04 KM
9 Burnley Road £ 59,0000.05 KM