Modern Method of Auction
Auction date not yet published
2-bedroom house · BB11 4JY
For saleListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Introducing a remarkable opportunity in the form of a meticulously designed 2 bedroom terraced House, boasting a remarkable 999 year lease with 869 years remaining.
This property comes with the added benefit of a tenant in Situ, assuring a seamless transition of ownership for prospective investors.
Beyond the ground floor, a spacious basement provides ample room for further customisation and expansion potential.
Located in an area renowned for its convenience, this property offers the coveted amenity of on street parking, ensuring ease of access for both residents and guests.
The presence of a rear yard adds a touch of outdoor space for relaxation or potential landscaping projects.
Functionality meets style with built-in storage solutions seamlessly integrated throughout the house, perfect for organising belongings and maximising living space.
Comprising 2 well-appointed bedrooms, each providing a serene sanctuary for rest and relaxation, this property is perfectly suited for both single individuals and small families seeking comfort and privacy.
The property's proximity to local amenities further enhances its appeal, offering residents easy access to shopping, dining, and entertainment options, elevating the overall living experience.
Whether you are a seasoned investor seeking a promising addition to your portfolio or a discerning buyer looking for a property with long-term potential, this 2 bedroom terraced House presents an ideal opportunity.
The tenant in Situ ensures immediate rental income, providing a solid foundation for a lucrative investment venture.
With its strategic location, thoughtful design elements, and practical features, this property stands as a testament to modern urban living.
Explore the possibilities that this residence has to offer, and envision the lifestyle that awaits within its walls.
Embrace the opportunity to own a property that seamlessly combines comfort, convenience, and investment potential. Book your viewing today and step into the future of real estate excellence.
500 ground rent payable on 1st January each year EPC Rating: D General Overview This spacious two-bedroom mid-terraced home spans three floors and is ideal for investors.
The bright living room features laminate flooring, UPVC double glazed windows, radiators, and ceiling spotlights.
The modern kitchen includes grey cabinetry, integrated sink and tap, silver splashback, and points for oven and washing machine, with access to a basement offering matching flooring, lighting, frosted window, and ample storage.
Upstairs, the master bedroom boasts fitted carpets, built-in storage, and two large windows. The second bedroom is ideal for a child or guest also featuring fitted carpets and includes storage space.
The stylish bathroom features marble-effect tiles, a bath, pedestal sink, push-button toilet, and heated towel rail.
Yard The rear yard features paved slabs, a secure brick wall, and a wooden gate for added privacy and safety.
Parking - On street Council Tax Band: A Tenure: Leasehold Length of Lease: 869 Annual Ground Rent Amount: 500.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisors 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 36, Pritchard Street, Burnley
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