Shakespeare Street, Padiham, Lancashire, BB12
West Midlands
£75,000
Listed on 15/10/2026
Listed on 15/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
812 sqftFeatures
- Garden
Description
This chain-free, three-bedroom mid-terrace in central Padiham has a front lounge and an open-plan kitchen and dining area at the rear, with access to a private rear yard. The first floor contains three bedrooms and a shower room. The property is offered for modernisation, giving a buyer scope to update the existing accommodation to suit their needs.
Shops, supermarkets, cafes, pharmacies and schools are nearby, with local bus services and access to the M65 for wider travel. Burnley is a short drive away, and local walking routes include Gawthorpe and Padiham Greenway. The property is leasehold, with 815 years remaining and a stated ground rent of £16. Gas central heating, mains electricity and drainage are stated. The sale is restricted to cash buyers because spray foam insulation is present.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
80out of 100
Grade AStrong opportunity
Confidence: MEDIUM
At £75,000, this three-bedroom terrace is priced at about £92 per sq ft, well below the local average of £182 — a strong opportunity to acquire a home at a low entry price. The dated finishes give the next owner a clear canvas: modernise the older kitchen and shower room, refresh the wallpaper and flooring, and make the enclosed rear yard work well for outdoor use. It is chain-free and centrally placed in Padiham, with everyday amenities nearby.
The works are moderate, with a renovation range of £30,000–£55,000. The figures score strongly against the local average, but the stated spray-foam insulation restricts the sale to cash buyers, so that is an important practical constraint to factor in.
Key opportunities
- Acquire at £75,000, around £92 per sq ft compared with the local average of £182.
- Update the older kitchen and shower-room finishes, then refresh dated flooring and wall finishes across the photographed living spaces.
- Make use of the enclosed paved rear yard, with scope to prune established planting and improve the outdoor space.
Key risks
- Spray-foam insulation restricts the sale to cash buyers, narrowing the pool of potential purchasers.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£283
Based on a loan of £56,250 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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