E & M Property Solutions says ..

Property Oracle says ..

This three-bedroom terraced house in Burnley, Lancashire, is listed for £94,995. The property is described as a fully tenanted HMO. The provided photos showcase a recently modernised kitchen and bathroom. The kitchen features modern cabinetry, appliances, and laminate flooring. The bathroom is also contemporary and clean. The hallway is neat and tidy. The external photo displays a typical terraced house on Heath Street, indicating its position in a row of similar properties. However, the property appears to lack a garden. The proximity to several schools including Heasandford Primary School, Rawdhatul Uloom, and Olive High School (all with good Ofsted ratings) within close proximity, makes this an appealing investment property, especially when considering the proximity to Burnley Central Train Station making it convenient for transportation. The fact that it’s a tenanted HMO means the potential for income is high. However, further investigation into the property’s condition beyond the limited photos (e.g., structural integrity, heating systems etc) and a detailed analysis of the rental income potential for the HMO would help verify its value. Further investigation is also required to properly calculate the average price per sqft, and provide a more accurate assessment. The lack of land (no garden) is a significant drawback. Ultimately, this property presents a potentially profitable investment opportunity, but the asking price needs careful consideration considering comparable properties on nearby streets which are listed at a lower price point.

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

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