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31 Reed Street, Burnley, Lancashire BB11 3LP - Image 1
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31 Reed Street, Burnley, Lancashire BB11 3LP - Image 3
31 Reed Street, Burnley, Lancashire BB11 3LP - Image 4
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31 Reed Street, Burnley, Lancashire BB11 3LP - Image 8
31 Reed Street, Burnley, Lancashire BB11 3LP - Image 9

31 Reed Street, Burnley, Lancashire BB11 3LP

West Midlands

£45,000
Listed on 30/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This mid-terrace two-bedroom house offers a promising opportunity for investors or homebuyers looking to customize their living space. The layout includes a lounge, dining kitchen, utility room, two bedrooms, and a bathroom, providing ample room for refurbishment. The property features a rear yard and on-street parking, ideal for enhancing your outdoor leisure options. While the interior requires some attention to bring it up to modern standards, this investment could yield significant returns with the right improvements. Located in Burnley within the West Midlands, this home is conveniently accessed and holds potential in a growing market.

Investment Analysis

(BB11 area)
Area Average
£129/sq ft
Avg Rent (weekly)
£142
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (BB11)

Area prices are falling by -4.8% over the last 12 months
3 year growth: +8.4%
5 year growth: +33.4%
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

31 Reed Street, Burnley, Lancashire BB11 3LP
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£161
Based on a loan of £33,750 over 30 years at 3.97% 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

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