3-bedroom terraced house · BB12 7ER
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Key Features • Three-bedroom mid-terraced property • Offered chain-free, providing a straightforward opportunity for the next owner • Front lounge offering a separate reception space • Open-plan kitchen and dining area positioned to the rear of the property • Shower room located on the first floor • Spacious rear yard providing useful private outdoor space • Requires modernisation throughout, offering the opportunity to update and personalise • Central Padiham location with shops, supermarkets, cafes and pharmacies close by • Nearby primary and secondary schools • Local bus routes providing connections to surrounding areas • Convenient access to the M65 for wider travel and commuting • Short drive to Burnley and its wider range of amenities Shakespeare Street is a three-bedroom mid-terraced property offered chain-free, with plenty of scope for the next owner to put their own stamp on it.
The ground floor has a lounge to the front, while the rear of the property features an open-plan kitchen and dining area with access to the spacious rear yard.
Upstairs, there are three bedrooms and a shower room.
The property does require modernisation throughout, but offers a good opportunity for someone looking to create a home to their own taste and requirements.
Situated in a central Padiham location, there are supermarkets, shops, cafes, pharmacies and other everyday amenities within easy reach, while Burnley is just a short drive away.
The property is also well placed for local walks around Gawthorpe and along Padiham Greenway, with nearby schools, bus routes and easy access to the M65 adding to its convenience.
From The Agent's Perspective: This is a property that will appeal to someone looking for a project and the chance to create a home to their own taste.
The three-bedroom layout offers good flexibility, while the spacious rear yard is a useful outdoor addition.
Being chain free is another positive, making this worth considering for buyers looking to take on a property they can improve over time.
Additional Information Tenure- Leasehold, 815 years remaining, £16 ground rent.
Council tax band - A Heating - Gas central heating Electric- Mains Drainage - Mains Property price is based on the property only being open to cash buyers due to spray foam insulation being present.
Anti-Money Laundering (AML) Compliance Please note that an Anti-Money Laundering (AML) check is required for all prospective buyers.
A fee of £60 plus VAT per individual will be charged to cover the cost of this mandatory compliance process. This fee is non-refundable and must be paid prior to the commencement of the checks.
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 Shakespeare Street, Padiham, Lancashire, BB12
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