Modern Method of Auction
Auction date not yet published
1-bedroom flat · BB11 1ER
Sold STCReduced £14.9k (−29.9%) on 24 MayListed 308 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Burnley town centre within the popular Ashworth House development, this one-bedroom apartment offers modern, low-maintenance living in a highly convenient location.
The accommodation comprises an open-plan living room and kitchen, a double bedroom, a modern bathroom and a central hallway with useful storage.
The apartment is currently tenanted, with tenancy details available upon request, making it an ideal opportunity for investors or those seeking a ready-made town-centre property.
Ashworth House is well placed for local shops, amenities, transport links and Burnley bus and train stations, offering excellent accessibility for commuters and residents alike.
First Floor - Entrance Hall - A welcoming entrance hallway providing access to all rooms within the apartment.
The hallway also benefits from a useful built-in storage cupboard, ideal for coats, shoes and general household storage, helping to keep the main living areas neat and uncluttered.
Living Room / Kitchen - 5.61m x 5.36m (18'4" x 17'7") - A spacious open-plan living room and kitchen, offering a versatile layout ideal for modern town-centre living.
The living area provides ample space for seating and dining furniture, with large windows allowing plenty of natural light and views across the surrounding area.
The kitchen is fitted with a range of contemporary wall and base units, complemented by worktop surfaces and integrated cooking appliances.
There is space for freestanding white goods, and the open-plan design creates a sociable environment, ideal for both everyday living and entertaining.
Bedroom - 3.86m x 2.66m (12'7" x 8'8") - A well-proportioned double bedroom offering comfortable accommodation with space for a double bed and additional bedroom furniture.
The room benefits from a window providing natural light, creating a bright and welcoming atmosphere.
Finished in neutral tones, the bedroom offers a calm and practical retreat within this centrally located apartment.
Bathroom - 2.41m x 1.48m (7'10" x 4'10") - Location - A modern and well-appointed bathroom fitted with a three-piece suite comprising a panelled bath with shower over and glazed screen, pedestal wash basin and WC.
The room is finished with contemporary tiling to the bath and shower area, complemented by neutral décor and ceiling spot lighting, creating a clean and practical space.
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Property Detail - Unless stated otherwise, these details may be in a draft format subject to approval by the property's vendors.
Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order.
Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Hilton & Horsfall has the authority to make any guarantees in any regard.
The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc.
Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted.
These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact.
In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.
Auctioneer Comments - This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Ashworth House is a centrally located development positioned within the heart of Burnley town centre.
The building is conveniently placed for a wide range of local shops, amenities, cafés, leisure facilities and public transport links, making it ideal for town-centre living and investment purposes.
Value & comps
No previous sales on record.
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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 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
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FAQ
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