Land Lying to the South-East of, Junction Street, BURNLEY, Lancashire, BB12 0LZ

Description

An exciting opportunity to acquire a residential development site with planning in principle approved for the construction of 8 no. dwellings. Situated within an established residential location close to Burnley town centre and offers strong appeal to developers and investors. The proposed scheme comprises of modern multi-storey family homes designed to take advantage of the site’s attractive waterside setting, providing spacious accommodation with garages, balconies and contemporary open-plan living areas. The architect’s vision for the development is illustrated below, showcasing a striking canal-side scheme with strong residential appeal. Planning in Principle has been granted for residential development comprising 8 townhouses. Further details of the planning submission can be found via Burnley Councils Planning Department under Ref: PIP/2025/0649. All interested parties should make their own enquiries with Burnley Borough Council and satisfy themselves regarding all planning matters and associated consents. The site is located off Junction Street, Burnley, within easy reach of local amenities, schools, transport links and the wider Lancashire motorway network. The position offers an appealing setting for family housing and future occupiers alike. Proposed Accommodation: Ground Floor: Entrance Porch, Hallway, Dining Kitchen, Wc & Garage. First Floor: Lounge with Balcony, Master Bedroom & Ensuite. Second Floor: Landing, Second Bedroom with Ensuite, Bedroom Three and Four and Family Bathroom. External: Off Road Parking, Garage & Garden to the Rear.

Location

Property located at Land Lying to the South-East of, Junction Street, BURNLEY, Lancashire, BB12 0LZ.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £10,000–£25,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆