2-bedroom flat · BB10 2QF
Sold STCReduced £7.5k (−6.2%) on 28 MarListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bridgfords are delighted to offer for sale this second floor apartment.
One of the big bonuses of this home is the fact it has been modernised to a very high standard and has the option of being left fully furnished which might appeal to those first time buyers, the property is also close to the hospital.
Accessible through secure access doors and maintained corridors with a staircase. As you enter the property you arrive into a good sized hallway with doors leading off into all rooms.
The lounge/kitchen is a brilliant room where people can sit, relax and socialise of an evening and at meal times. This would also be a great entertaining room.
The kitchen is fitted with a matching range of wall and base units with worktop space over.
From the hallway you will find two double bedrooms with great natural light, the master bedroom also has an En-suite and a further bathroom can be located down the hallway.
There is also a good sized storage cupboard off the hallway. This apartment really cannot afford to be missed and needs to be viewed to be appreciated.
Set in an a highly convenient location for access to Burnley General Hospital, this apartment is also within a short walk of Prairie Sports Village, primary schools and high schools.
The house is also within a short walk of bus routes in to Burnley and offers good access to the motorway network via junction 12 of the M65.
This apartment has a service charge and ground rent payable. Currently these charges are: Service Charge: £206 per month. Groung Rent: £220 per year. **call Bridgfords on to book your viewing**
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 1F,, Ribble Avenue, Lancashire
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