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Hargreaves Street, Burnley, Lancashire, BB11 - Image 1
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Hargreaves Street, Burnley, Lancashire, BB11

West Midlands

£110,000
Listed on 17/04/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
2035 sqft

Description

This substantial commercial property presents a compelling opportunity for investors and developers alike, offering promising prospects for asset management or conversion into residential units, pending necessary planning permissions. Located within an attractive end-of-terrace structure in the heart of Burnley, this ground-floor unit currently serves as a retail shop and spans approximately 2,035 sq. ft., including a basement and two upper floors. With strategic positioning at the intersection of Hargreaves Street and Victoria Street, it benefits from proximity to the bustling main shopping thoroughfare on St James Street and easy access to Junction 10 of the M65 motorway within one mile. The building showcases significant potential for refurbishment and redevelopment, appealing to those looking to enhance its current use or transform it into residential accommodation. Interested parties are encouraged to engage with Burnley Borough Council's Planning Department regarding alternative use inquiries. The property is equipped with mains drainage, water, and electricity services but does require some degree of renovation to reach its fullest potential.

Investment Analysis

(BB11 area)

Below Market Value

This property is priced -58.5% below area average per sq ft

-58.5%
Potential saving
This Property
£54/sq ft
Area Average
£130/sq ft
Avg Rent (weekly)
£140
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£291,677
10% above area average per sq ft
Potential ROI
+71.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (BB11)

Area prices are stable by +0.1% over the last 12 months
3 year growth: +9.1%
5 year growth: +35.7%
Investment Disclaimer: Analysis based on BB11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Hargreaves Street, Burnley, Lancashire, BB11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£390
Based on a loan of £82,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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