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8 bedroom semi-detached house for sale
1 Colne Road, Burnley, Lancashire BB10 1LD
£175,000
1 Colne Road, Burnley, Lancashire BB10 1LD
£175,000
Our Summary
- Auction Date commencing on Monday 21st April at 1pm and ending 24 hours later on Tuesday 22nd April at 1pm with Auction House Please register to bid via our website - auctionhouse
- PRE AUCTION OFFERS WELCOMED
- The property has since suffered from damage and the current licence is pending until the remedial works have been completed Once updated the potential rental income would be approximately £60,000 per annum or alternatively it would be suitable for redevelopment, subject to gaining the necessary consents
Description
This semi-detached property, previously used as a HMO investment, is being sold at auction and offers a unique opportunity for redevelopment or rental income. The property has suffered damage and is currently pending remedial works, but once updated, it could generate around £60,000 per annum in rental income. The property features 10 letting rooms, communal areas, and a decking area overlooking the Leeds Liverpool canal. Located in a popular residential area, it's close to local amenities and transport links, with Burnley town centre just 0.5 miles away. The property is being sold with a leasehold tenure and an EPC rating of D. Potential buyers must register to bid on the auction house's website and are encouraged to submit pre-auction offers.