Modern Method of Auction
Auction date not yet published
3-bedroom house · BB6 7LY
For saleReduced £10k (−11.8%) on 11 AugListed 163 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being sold via Secure Sale online bidding. Terms & Conditions apply.
Starting Bid £85,000, this property will be legally prepared to enable any interested buyer to secure it immediately once their bid or offer has been accepted, providing a transparent process which ensures speed, security, and certainty for all parties.
Eafield and Maple are pleased to offer this garden-fronted mid-terraced home on the popular Hope Street, on the edge of Great Harwood village.
Sensibly priced to attract early interest, the spacious accommodation comprises an entrance vestibule, inner hallway, lounge open to dining room, kitchen, three bedrooms, and a family bathroom.
The property is gas centrally heated, uPVC double glazed, and features a pleasant rear yard with lovely aspects.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and is overseen by Pattinson Auction in partnership with the marketing agent (referred to as ‘The Auctioneer’).
The property is available to be viewed strictly by appointment via the marketing agent or The Auctioneer, and bids can be made via either party’s website.
Please note that any enquiry, bid, or viewing will require your details to be shared between both the marketing agent and The Auctioneer to ensure all matters are handled efficiently.
All bidders must adhere to a verification of identity process in line with Anti-Money Laundering procedures.
The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ with a confidential ‘Reserve Price’, typically within 10% of the Guide Price, and prices may change; the auction can also close early at the auctioneer’s discretion.
A Legal Pack is available on request, containing all relevant documentation and outlining buyers’ obligations and sellers’ commitments, and interested parties are strongly advised to seek solicitor advice prior to bidding.
Upon exchange of contracts, the successful bidder will pay a non-refundable deposit of 5% of the purchase price, along with a non-refundable reservation fee of up to 6% including VAT (minimum £7,200 inc VAT), in addition to the purchase price, and consideration should be made regarding any Stamp Duty Land Tax liability.
Both the marketing agent and The Auctioneer may pass buyer details to third-party service suppliers from which a referral fee may be obtained, though there is no obligation to use these services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 16, Hope Street, Blackburn
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