12 Howard Street, Burnley

Description

An End of Terrace House requiring modernisation.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bathroom/WC. Ground Floor: Living Room, Kitchen. Yard at Rear.

Location

Situated off Coal Clough Lane, close to the amenities available in Burnley Town Centre and travelling facilities including Burnley Barracks and Burnley Manchester Road Train Stations. Scott Park is also nearby.

Tenure / Property Information

Investment Analysis

Completed sales evidence ranges from £38,000 to £51,005. The strongest comparable is the same property, 12 Howard Street, sold for £51,005 on 28 July 2025. Other same-street leasehold terraced sales were £40,000, £40,000, £38,000 and £44,000. A supported market-value range is therefore £40,000–£51,005, with £51,005 used as the base GDV subject to the unknown condition and transaction circumstances of the comparables.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or owner-occupier purchase, subject to inspection, legal review and a confirmed modernisation budget. Do not rely on BTL or BRRR returns until rent and project costs are evidenced.

Works Required

The property is described as requiring modernisation. Works should be limited to assessing and pricing the required modernisation following inspection, with no specific kitchen, bathroom, structural, services or external defects evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably without a refurbishment budget, rent evidence and total acquisition costs. The base GDV supports an indicative 75% refinance figure of £38,253.75, but cash left in cannot be calculated without those missing costs.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Refurbishment and total acquisition costs are also unquantified. The property is vacant and has an EPC rating of D.

Flip Analysis

The evidence supports a base resale/GDV assumption of £51,005, with a lower evidenced scenario of £40,000. A flip surplus cannot be calculated because modernisation costs, purchase price achieved, seller fees and other acquisition costs are not supplied.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the scope and cost of works are unknown.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• The same-address comparable and other sales may reflect unknown condition and transaction circumstances.

• The final buyer premium depends on the purchase price; the guide is £10,000+ and additional seller fees may apply under the special conditions.

• Leasehold title details should be reviewed despite the stated approximately 834–835 years remaining.

Recommendation

Potential refurbishment-led resale or owner-occupier purchase, subject to inspection, legal review and a confirmed modernisation budget. Do not rely on BTL or BRRR returns until rent and project costs are evidenced.

Strategy Rating

Analysis Confidence

There is strong completed-sale evidence, including a same-address sale, but condition, refurbishment costs, achievable rent, seller fees and the final purchase price are not supplied.