3-bedroom house · BB12 7HB
Listing removedListed 73 days
Opportunity summary
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About
Tenure: Leasehold Offering an exciting opportunity in Padiham, this three bedroom end of terrace property provides generous accommodation alongside a substantial three-roomed cellar.
Requiring refurbishment throughout, the property is well suited to investors, developers or buyers looking for a project they can shape around their own plans.
The ground floor begins with an entrance hallway leading into a generously proportioned living room, measuring approximately 5.83m x 3.71m.
Multiple windows bring natural light into the room, while the generous proportions provide plenty of flexibility when it comes to creating comfortable living and dining areas.
Alongside the main living accommodation is a separate office, providing useful additional space for home working, storage or another purpose to suit the needs of the new owner.
To the rear is the kitchen, measuring approximately 4.95m x 2.62m.
The room provides a good footprint for a future kitchen scheme and forms part of the wider refurbishment opportunity offered by the property.
Upstairs, the first floor is arranged around three bedrooms and a family bathroom.
The largest bedroom measures approximately 4.08m x 3.10m, with two further bedrooms completing the sleeping accommodation.
The third bedroom could also lend itself to use as a nursery, dressing room or additional home office depending on the purchaser's requirements.
The family bathroom is a good size and is currently fitted with a bath with shower over, WC, bidet and wash basin. As with other areas of the property, there is scope for updating and personalisation.
One of the property's most notable features can be found below ground. Roller shutters provide access to a substantial cellar arranged across three separate rooms.
According to the supplied floor plan, the cellar extends to approximately 60 sq m / 646 sq ft, creating a significant amount of additional space.
The cellar is currently in an unfinished condition and requires refurbishment.
Its size could make it particularly useful for storage or workshop purposes, with any alternative use, alterations or conversion being subject to the property's condition and all necessary planning permissions, consents and building regulations.
Buyers should make their own enquiries regarding suitability for their intended use. Externally, there is a small area of space to the front of the property.
For buyers who are comfortable taking on refurbishment works, this is a property with plenty to work with.
The combination of three bedrooms, generous ground floor accommodation and a particularly substantial cellar provides an interesting opportunity to improve and personalise a sizeable end of terrace home in Padiham.
EPC Rating: D Ground Floor The ground floor offers well-proportioned accommodation with plenty of scope for a buyer to put their own stamp on the property.
An entrance hallway leads through to a generous living room, measuring approximately 5.83m x 3.71m, with multiple windows providing plenty of natural light.
There is also a useful separate office, which could suit those working from home or provide additional flexible space. To the rear is a good-sized kitchen, measuring approximately 4.95m x 2.62m.
The kitchen, along with the wider property, requires refurbishment and provides an opportunity to redesign the accommodation to suit the new owner's requirements, subject to any necessary consents.
First Floor The first floor provides three bedrooms and a family bathroom.
The largest bedroom measures approximately 4.08m x 3.10m, while the two further bedrooms offer additional sleeping accommodation or flexibility for use as a dressing room, nursery or home office.
A generously proportioned bathroom completes this level, currently fitted with a bath and shower over, WC, bidet and wash basin.
The first floor requires updating and improvement, giving the next owner the opportunity to create an interior that reflects their own style.
Cellar A particularly notable feature of the property is the substantial three-roomed cellar, offering approximately 60 sq m of additional space according to the supplied floor plan.
Accessed via roller shutters, the cellar provides extensive space across three separate areas and offers considerable potential for storage, workshop use or other possibilities, subject to condition, suitability and any necessary permissions or building regulations.
The cellar requires refurbishment works and buyers should satisfy themselves as to its condition and suitability for their intended use.
For an investor or purchaser looking for a renovation project, the scale of this lower-ground space adds an interesting extra dimension to the property.
Disclaimer We have not tested any appliances, fixtures, fittings, or services and cannot confirm they are in working order.
Buyers must satisfy themselves as to condition, and no employee of Fardella & Bell is authorised to give any warranty or guarantee. All measurements are approximate and may be subject to error.
They should not be relied upon for furniture, fixtures, or floor coverings. These particulars are provided in good faith, approved by the vendor(s), and are subject to error and omission.
They do not form part of any offer or contract. Buyers should satisfy themselves on all matters, including any alterations or works and the relevant consents or approvals.
Aml All buyers and sellers must complete Anti-Money Laundering checks in line with hmrc regulations before a transaction can proceed.
Fardella & Bell uses Coadjute’s Assured Compliance service, and a fee is payable for each individual check.
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.
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About 2 Russell Terrace, Burnley
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