3-bedroom terraced house · BB12 6EA
Sold STCListed 210 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Petty Real are delighted to present for sale this charming mid-terrace property on Palace Street, Burnley.
Perfectly suited for first-time buyers and investors alike, this spacious home offers three bedrooms and two generous reception rooms, providing flexible living options to suit modern lifestyles.
Upon entering through the front door, you’re welcomed into an inviting hallway.
To the left sits the first reception room, a bright and comfortable space with ample room for a large sofa, coffee table, and other furnishings—ideal for relaxing or entertaining guests.
Moving through to the rear, the second reception room offers superb versatility.
It can easily serve as a dining room, given its convenient connection to the kitchen, or as a primary living area thanks to its generous proportions and adaptable layout.
The kitchen, located just off the second reception room, provides an efficient workspace with counters running along both sides, offering plenty of storage above and below.
The sink overlooks the rear yard, and there’s space for a freestanding oven. A back door opens to a low-maintenance enclosed yard, perfect for outdoor seating or simple storage.
Upstairs, the main bedroom is positioned at the front of the property and benefits from fitted storage and ample space for a double bed and bedside furniture.
The second and third bedrooms are ideal for children, guests, or home offices, making the property adaptable for a range of buyers.
The bathroom features a three-piece suite with bath, overhead shower, wash basin, and WC.
Situated in a convenient and well-connected location, the home is within walking distance of local shops, schools, and sits just off a major bus route serving Preston, Clitheroe, Burnley, Nelson, and Colne.
Excellent access to the M65 motorway makes this an ideal base for commuters.
A fantastic opportunity to acquire a well-proportioned home in a popular and accessible area – early viewing is highly recommended.
Value & comps
No previous sales on record.
Returns
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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 Palace Street, Burnley
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