442 Padiham Road, Burnley, BB12 6TA

Description

442 Padiham Road, Burnley, Lancashire, BB12 6TA

Calling all investors! An excellent opportunity to acquire a substantial three-bedroom property offering immediate income together with genuine scope to add value through refurbishment.

The property is currently occupied by an existing tenant who is keen to remain following the sale.

Internally, the property comprises three bedrooms, bathroom and a large attic storage room, together with generous living accommodation. There is also a partially refurbished conservatory requiring completion, offering an incoming purchaser the opportunity to finish the works to their own specification.

Tenure / Property Information

Council Tax Band: C; Tenure: Leasehold

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

No priced sold comparable was captured in the supplied scrape. Base GDV £125,000 is an HB desktop estimate because no priced sold comparable was captured in the supplied scrape; independent sold-evidence research is required before bidding.

Proposed Works

HB desktop works allowance: £15,000. Allow for inspection-led repairs, decoration, safety/compliance items and contingency.

Rental Value

The property is reportedly generating £750 PCM, with scope to achieve approximately £1,000 PCM (£12,000 PA), offering an attractive opportunity for landlords seeking to increase rental income and add value.

Low / Base / High Investment Scenario

BTL Analysis

At the starting bid, the gross yield is 10.6%.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £93,750. Against purchase plus works of £114,000, indicative cash left in is £20,250. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £8,500. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £88,750. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: BTL. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★★★★; BRRR ★★☆☆☆; Flip ★★★☆☆

Key Risks

• lease terms, service charge and ground rent must be checked against the legal pack
• thin priced sold-comparable evidence in the supplied scrape
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.