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2 bedroom terraced house for sale
16 Oat Street, Padiham, Burnley BB12 7BQ
£37,000
16 Oat Street, Padiham, Burnley BB12 7BQ
£37,000
Our Summary
- For sale on 24 April 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- The property is in need of some refurbishment and has a current rental income of £325 per calendar month with scope to increase
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 24
- Current Income £325pcm with scope to achieve between £600 - £650 pcm
- In Need of Some Refurbishment
Description
A two-bedroom mid-terraced property is being sold with a tenant in place in a popular residential location. The property requires some refurbishment and currently generates £325 per month in rental income, with potential to increase. Similar properties in the area are typically rented for £600-£650 per month. The property is located just a few minutes' drive from Padiham town centre, which has undergone recent renovations. The property is being sold as an unconditional sale at auction, with a 5% deposit and a buyer's fee of 4.8% of the purchase price. The sale is subject to SDL Property Auctions' terms and conditions, and a full legal pack will be available to view before the auction.