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Ivory Street, Burnley, Lancashire

West Midlands

£40,000

Listed on 23/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
610 sqft

Description

This chain-free stone terrace offers a compelling opportunity for renovation in a desirable Burnley location. The layout includes a spacious lounge, equipped kitchen, utility space, two bedrooms, and a first-floor bathroom, making it well-suited for investors or first-time buyers looking to customize their living space. Situated in a traditionally constructed terrace within a residential neighborhood, the property is primed for enhancement and value increase through modernization. Currently requiring comprehensive updates across all areas, this home features generous room sizes distributed over two floors. The ground level comprises an ample lounge that provides versatility for both relaxation and dining purposes, leading into the kitchen with essential storage. Additionally, there is a separate utility room with access to the enclosed rear yard—presenting excellent outdoor storage potential. The upper floor accommodates two bedrooms and a three-piece bath suite that includes a shower over the tub. Although some windows are double-glazed, the overall property calls for significant rejuvenation to meet contemporary standards. Externally, the charming stone façade contributes to its character while on-street parking adds convenience. This property is positioned conveniently for Burnley’s amenities including shopping centers and recreational areas like Thompson Park, alongside good educational institutions. Commuters will benefit from easy access to local train stations connecting to Manchester and major motorways. Given its current condition, this residence represents an exceptional chance for those eager to create a tailored home or attractive investment property through extensive refurbishment.

Investment Analysis

(BB12 area)

Below Market Value

This property is priced -63.3% below area average per sq ft

-63.3%
Potential saving
This Property
£66/sq ft
Area Average
£179/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£119,941
10% above area average per sq ft
Potential ROI
+49.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
31%
Properties sold annually

Local Market Trend (BB12)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -8.9%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on BB12 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

Ivory Street, Burnley, Lancashire
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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
£143
Based on a loan of £30,000 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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