2 Athens View, Burnley, Lancashire

Description

A two bedroom semi-detached bungalow. The property benefits from off road parking, a garage and rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.

Location

Burnley is a town in the county of Lancashire. Located on the north side of Atheltic Street, between Mitella Street and Morse Street. A range of amenities are available locally on Lyndhurst Road and Higgin Street with a broader range available in the centre of Burnley (approximately 0.7 miles). Recreational amenities of Millennium Wood, Jubilee Meadows, Brun Valley Forest Park and Towneley Park are all available nearby. Transport Burnley Central - Northern.

Tenure / Property Information

Investment Analysis

The £50,000 guide is the only purchase-price evidence supplied. No HM Land Registry comparables or other valuation evidence are provided, so GDV, market value and a supported maximum bid cannot be established. The property is vacant and described as needing modernisation, but the scope and cost of works are not quantified.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, refurbishment quotations, confirmation of all auction and seller charges, and local rent validation. On the supplied evidence, the headline rent supports investigating a BTL strategy, but there is insufficient evidence to commit to a purchase price or flip strategy.

Works Required

Modernisation is required, but the evidence does not specify individual defects or works. Obtain a full inspection and quotations before budgeting. Any extension would be subject to the requisite consents.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no supported GDV, refurbishment budget or refinance valuation is provided. The property is vacant and freehold, but the unknown works scope and acquisition charges prevent a reliable cash-left-in calculation.

Buy-to-Let Analysis

The supplied advertised asking rent is £675 pcm, equating to £8,100 annually and a headline gross yield of 16.2% against the £50,000 guide. This is an advertised rent rather than achieved or passing rent, and the yield excludes modernisation, buyer premium, VAT where applicable, seller charges, finance, management, maintenance, voids and taxation. A net yield and investment return cannot be established from the evidence.

Flip Analysis

A flip surplus cannot be calculated because there are no completed-sale comparables, supported GDV, refurbishment costs or selling-cost allowance. Modernisation is identified, but its extent is unknown.

Investor Risks & Due Diligence

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

• The £675 pcm figure is an advertised asking rent and may not be achieved.

• The buyer premium amount is unspecified.

• VAT may apply to the sale.

• Other seller charges may be stated in the Special Conditions of Sale but are not supplied.

• Any extension is subject to the requisite consents.

• No completed-sale comparables are supplied to support market value or GDV.

Recommendation

Proceed only subject to inspection, refurbishment quotations, confirmation of all auction and seller charges, and local rent validation. On the supplied evidence, the headline rent supports investigating a BTL strategy, but there is insufficient evidence to commit to a purchase price or flip strategy.

Strategy Rating

Analysis Confidence

The evidence confirms tenure, occupancy, accommodation, guide price and one advertised rent, but provides no sold comparables, detailed condition report, works costs, buyer-fee amount, GDV evidence or complete special-condition charges.