1-bedroom flat · BB12 8AU
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no onward chain ! We are delighted to offer for sale the rare chance to purchase a ground floor apartment in this popular complex, just off Castlerigg Drive.
The well presented accommodation comprises of: An open plan living space, with eye catching modern kitchen, and a three piece bathroom suite just off with vanity room.
The property enjoys the use of a communal parking area and is ideally located for both Burnley, and Padiham town centres. Ideal for anyone looking to downsize. Suitable for buy to let investment.
EPC - E. Council Tax - Band A. Early viewing is considered a must!
Sitting Room/Bedroom Open plan with: Bathroom A fully fitted three piece bathroom suite Further Information 2 The property is on a leasehold title, with the residue of a 100 year lease remaining.
There is approx. 75 years left to run.
There are various charges that comes with the property: Service charge - £33 inspection survey £10 a year car parking £42 landlord fee £67 communal electric £285 contribution to buildings ins The property is located in an area considered to be low risk for surface water flooding.
Mobile and broadband connectivity is offered by a number of companies, and ultrafast is available. EPC - E Council Tax - Band A
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 46, Castlerigg Drive, Burnley
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