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 %
- Est sale value
- 98,310.00 £Increased by 28.32 %
- Average area rental value
- 699.00 £/moIncreased by 9.73 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 6.97 %Decreased by 0.71 %
- Crime Rate
- 56.00 %Unchanged by 0.00 %
Agent Activity
Reeds Rains created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Padiham St Leonard'S Voluntary Aided Church Of England Primary School | Voluntary Aided School | Good | 0.28 KM |
| Padiham Green Church Of England Primary School | Voluntary Controlled School | Good | 0.50 KM |
| St John The Baptist Roman Catholic Primary School, Padiham | Voluntary Aided School | Good | 0.90 KM |
| Padiham Primary School | Community School | Good | 1.35 KM |
| Padiham Whitegate Children'S Centre | Children's Centre | 1.43 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Factory lane | £ 0 | 0 | 0.00 KM |
| Moor Lane | £ 0 | 0 | 0.00 KM |
| Clitheroe Street | £ 0 | 0 | 0.00 KM |
| Wasdale Close | £ 0 | 0 | 0.00 KM |
| Orchard Avenue | £ 208,325 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Hapton | 2557 | HPN | 2.24 KM |
| Rose Grove | 2722 | RSG | 3.99 KM |
| Huncoat | 2558 | HCT | 4.88 KM |
| Burnley Barracks | 2743 | BUB | 6.44 KM |
| Burnley Manchester Road | 2549 | BYM | 7.58 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Mill Street, Padiham, Burnley, Lancashire, BB12 | £ 55,000 | BUY | 5 / 10 | 0.00 KM |
| Mill Street, Padiham, Burnley, Lancashire, BB12 | £ 42,000 | BUY | 5 / 10 | 0.01 KM |
| Mill Street, Padiham, BB12 | £ 89,950 | BUY | 5 / 10 | 0.08 KM |
| Ightenhill Street, Padiham | £ 75,000 | BUY | 5 / 10 | 0.09 KM |
| Gawthorpe Street, Padiham, BB12 | £ 124,950 | BUY | 7 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 29 Mill Street | £ 96,000 | 0.00 KM |
| 25 Mill Street | £ 23,000 | 0.04 KM |
| 27 Mill Street | £ 97,000 | 0.04 KM |
| 6 Smithys Court | £ 86,000 | 0.04 KM |
| 9 Burnley Road | £ 59,000 | 0.05 KM |