182 Burnley Road, Weir, Rossendale, OL13 8QE

Description

An opportunity to acquire a two bedroom, two reception room terrace property on Burnley Road in the Rossendale village of Weir. The property offers good-sized accommodation with scope for modernisation and a strong rental potential. Available with vacant possession it presents a worthwhile project in an established residential location.

Accommodation

Entrance vestibule, lounge, dining room, kitchen, first floor landing, two double bedrooms and three piece bathroom.

Location

Weir is a village on the A671 Burnley Road, within the Rossendale Valley in East Lancashire. The property is a short distance from Bacup, which offers independent shops, supermarkets, cafés, takeaways, pubs, doctors' surgeries and a pharmacy. The A671 gives direct road links towards Burnley to the north and through Bacup into the wider valley. Rawtenstall is also within easy reach, with routes connecting to the M66 and the wider motorway network. Regular bus services run along Burnley Road. Open countryside, moorland walks, reservoirs and countryside trails, including parts of the Rossendale Way, are within easy reach.

Tenure / Property Information

Investment Analysis

Same-road leasehold terraced comparables range from £88,000 to £127,300, with recent 2025 sales at £116,000 and £127,300. A provisional base GDV of £116,000 is used, but the subject’s modernisation requirement and specification are not fully evidenced.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal-pack review and confirmed refurbishment costs. Potential refurbishment resale opportunity, but evidence is insufficient for a firm bid or rental strategy.

Works Required

Modernisation of the accommodation is indicated, but no detailed condition schedule or quantified works evidence is supplied. Scope and cost require inspection and contractor quotations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide is £85,000 plus fees, with a minimum £2,100 administration fee. A 75% refinance against the provisional £116,000 GDV would be £87,000, but total project cost cannot be assessed without refurbishment and other cost evidence.

Buy-to-Let Analysis

Vacant possession is available, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rental yield cannot therefore be established.

Flip Analysis

There is apparent gross value uplift from the £85,000 guide to the £116,000 base GDV, supported by same-road sales. However, refurbishment, selling costs and disbursements are unknown, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Flying freehold implications require solicitor clarification.

• Current EPC rating is E.

• Modernisation is indicated but no quantified refurbishment scope or costs are supplied.

• No sufficiently specific rental comparables or passing rent are available.

• Buyer administration fee is subject to a £2,100 minimum, with possible additional disbursements.

• Comparable sale prices vary materially and may not reflect the subject’s condition or exact specification.

Recommendation

Proceed only subject to inspection, legal-pack review and confirmed refurbishment costs. Potential refurbishment resale opportunity, but evidence is insufficient for a firm bid or rental strategy.

Strategy Rating

Analysis Confidence

Multiple relevant same-road completed sales are available, but condition, rent, refurbishment costs, parking/heating details and some purchase costs are not evidenced.