Cog Lane, Burnley, Lancashire, BB11
EN

Cog Lane, Burnley, Lancashire, BB11

By Entwistle Green

£ 65,000

Reviews

2 out of 5 stars

Entwistle Green says ..

This two-bedroom terraced house presents an excellent investment opportunity, ideal for landlords and investors seeking strong returns. With a potential rental yield of over 10%, based on £550pcm this property is sure to attract significant interest. The accommodation comprises a spacious l...

Property Oracle says ..

This two-bedroom terraced house in Burnley, Lancashire, is listed at £65,000. The property’s location is reasonably convenient, with nearby schools and train stations. Cherry Fold Community Primary School and The Rose School, both with ‘Good’ Ofsted ratings, are within walking distance, a factor that could make it attractive to families. The presence of several train stations within a reasonable distance suggests good transport links. However, additional research is needed to ascertain the quality of local amenities and overall desirability of the neighbourhood. Comparing to nearby properties, it’s important to note the significant variance in prices (from £46,000 to £129,950). This indicates a lack of uniform value in the immediate area and requires further investigation to assess if the list price is truly competitive. The property shows some signs of age in the photographs. The interior decor appears dated, and some areas are cluttered. This suggests a potential need for modernization and cosmetic upgrades. However, it seems generally habitable and functional. The exterior also demonstrates elements that would benefit from maintenance. The property’s condition is adequate for immediate habitation but would benefit from improvements to enhance its presentation and appeal to a wider market. The lack of information concerning the plot size suggests that this terraced property is likely to have minimal or no garden space, a limiting factor for many buyers. Overall, while competitively priced in comparison to some nearby properties, the lack of critical information, such as the square footage and the property’s age, hinders an entirely accurate evaluation. The property represents a potential entry-level purchase or investment opportunity, particularly for first-time buyers or investors in the Burnley area. However, potential buyers should be prepared for some refurbishment work and thoroughly investigate the immediate surrounding area and its amenities before making a purchase decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
1
Bedrooms
2
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
127,631.00 £
Decreased by 17.83 %
from 155,332.00 £
Average area rental value
711.00 £/mo
Increased by 8.72 %
from 654.00 £/mo
Est rental Yield
6.68 %
Increased by 32.28 %
from 5.05 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Entwistle Green created the listing.

Nearby Schools

NameTypeOfstedDistance
Cherry Fold Community Primary SchoolCommunity SchoolGood0.14 KM
The Rose SchoolCommunity Special SchoolGood0.23 KM
Taywood NurseryLocal Authority Nursery SchoolOutstanding0.65 KM
Sure Start South West Burnley Children'S CentreChildren's Centre0.65 KM
Coal Clough AcademyAcademy Alternative Provision Sponsor LedGood0.77 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Lawrence Avenue £ 100,00000.00 KM
Heron Court £ 80,00000.00 KM
Whinchat Street £ 241,50000.00 KM
Claremont Street £ 85,00000.00 KM
Powell Street £ 250,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Burnley Barracks2743BUB1.32 KM
Burnley Manchester Road2549BYM1.90 KM
Rose Grove2722RSG1.96 KM
Burnley Central2550BNC2.64 KM
Hapton2557HPN5.66 KM

Nearby Listings

AddressPriceTypeScoreDistance
Cog Lane, Burnley, Lancashire, BB11 £ 65,000BUY5 / 100.00 KM
Cog Lane, Burnley, Lancashire, BB11 £ 60,000BUYUnknown0.00 KM
Cog Lane, Burnley, Lancashire, BB11 £ 40,000BUY4 / 100.19 KM
Heather Bank, Burnley, Lancashire, BB11 £ 100,000BUY6 / 100.23 KM
Lanark Street, Burnley £ 109,950BUY6 / 100.23 KM

Nearby Properties

AddressPriceDistance
346 Cog Lane £ 40,0000.00 KM
193 Cog Lane £ 47,3990.00 KM
189 Cog Lane £ 45,0000.00 KM
342 Cog Lane £ 55,0000.00 KM
310 Cog Lane £ 31,0000.00 KM