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10 Altham Street, Burnley - Image 1
10 Altham Street, Burnley - Image 2
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10 Altham Street, Burnley

West Midlands

£45,000

Listed on 31/08/2026

The listing

Property details

Bedrooms
2
Type
Terraced

Description

Petty Real are pleased to present this two-bedroom mid-terrace property on Altham Street, Padiham, offering a promising renovation opportunity for both investors and buyers. The property requires refurbishment throughout but boasts approximately 81.6 sq. metres (878.5 sq. ft.) of living space, providing ample scope for modernisation and value addition. Arranged over two floors, the layout includes two reception rooms, a separate kitchen, two bedrooms, and a bathroom. The ground floor features a spacious first reception room, ideal for a living area or dining space, alongside a second reception room that offers excellent flexibility for future use. The kitchen, while in need of updating, provides a practical footprint for a modern fitted design. Upstairs, the two well-proportioned bedrooms offer comfortable accommodation, with the larger bedroom providing generous dimensions. The bathroom also presents a good-sized area that could be modernised as part of the refurbishment. Despite the renovation needs, this property represents an excellent investment opportunity, with its traditional layout and spacious rooms allowing for significant improvements. Located in a popular East Lancashire market town, Padiham offers a range of amenities and recreational facilities, making it attractive to both homeowners and tenants. With convenient access to the M65 motorway network, this property is well-positioned for those seeking a project in an established residential area.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

54out of 100
Grade DWeak opportunity

Confidence: LOW

Altham Street presents a compelling renovation opportunity for investors and buyers alike, particularly with its asking price of £45,000, significantly lower than the local average of £183,217. While the property shows visible signs of wear throughout, including the living areas, bedrooms, and kitchen, this simply highlights the scope for modernisation and value addition. The traditional layout with two reception rooms and two bedrooms offers a solid foundation for creating a desirable home or rental property.

Although the project will require a light refurbishment, estimated between £40,000 to £80,000, the generous proportions of the rooms and the overall floor area provide an excellent canvas for improvement. With its good location in Padiham, which boasts local amenities and recreational facilities, this property could become a modern, attractive residence once updated. The potential for significant value enhancement makes this a noteworthy consideration in the current market.

Key opportunities

  • Good layout for renovation with two reception rooms and two bedrooms.
  • Potential to modernise and add value throughout the property.
  • Located in a popular area of Padiham with access to local amenities.

Key risks

None recorded.

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Map

Location

10 Altham Street, Burnley
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% 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.

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