>
2 bedroom terraced house for sale
41 Reed Street, Burnley, BB11 3LP
£20,000
41 Reed Street, Burnley, BB11 3LP
£20,000
Our Summary
- LOT 275 **FOR SALE BY ONLINE AUCTION** on 18th September 2025 Leasehold House Investment Situated off Parliament Street, close to the amenities available in Burnley Town Centre including Burnley Manchester Road and Burnley Central Stations
- A Terrace House requiring modernisation with accommodation arranged on Two Floors believed to comprise: First Floor Bedroom (One) Bedroom (Two) Bathroom/WC Ground Floor Reception Room Dining Room Kitchen Yard at Rear Let on an Assured Shorthold Tenancy at £400 per calendar month
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
- Guide prices will be continually updated on our website up until the day of the auction
Description
This leasehold house investment is situated off Parliament Street in Burnley, near the town center and train stations. The property is a two-story terrace house that requires modernization and is currently let on an Assured Shorthold Tenancy at £400 per month, producing £4,800 per annum. The property has a long lease with approximately 858 years unexpired and is rated D for energy efficiency. The council tax band is A. The guide price for the property is £45,000 to £50,000, and the reserve price is set within this range. The buyer will be required to pay a fee of £1,200 incl. VAT if the property sells for over £10,000, or £300 incl. VAT if it sells for less than £10,000.