Current List of Repossessed Houses for Sale Burnley
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With its less than positive press and the highest numbers of burglaries in England and Wales in the financial year 2008/2009, why on earth would you consider buying a repossessed house in Burnley? Read on to discover why seeking out a BMV property in Lancashire could actually be a good move.
Burnley is both a town and borough in the county of Lancashire, in the North West of England, situated just over 20 miles north of Manchester and 25 miles east of Preston. The town of Burnley sits at the confluence of the Rivers Calder and Brun. At its peak, Burnley was one of the largest producers of woven cotton cloth in the world; it was also a major engineering centre. Nowadays it is rather more a dormitory town on the M65 corridor.
Burnley is a multiracial borough, with the population split 91.77% White and 7.16% South Asian or South Asian / British, predominantly from Pakistan. The town has strong demarcation between white and Asian areas – the majority of Asian residents living in Daneshouse and Stoneyholme.
Of interest to the property buyer are the house prices, which are some of the lowest in the country, the fact that those crime figures have now dropped by almost 50%, and the government’s reinvestment in housing market renewal – all very good reasons why buying BMV property in Burnley is not such an unwise move as it might first have seemed.
The borough of Burnley is undergoing major regeneration
The Regeneration of Burnley
The borough of Burnley is undergoing major regeneration, with particular concentration on the following areas:
Centred on the cluster of historic mills and industrial buildings, the Weavers Triangle sits astride the Leeds and Liverpool Canal and has been a visitors’ attraction since the 1970s. New regeneration of the area was planned to include retail and office facilities. However, for the time being at least, the plans have been shelved.
Princess Way Public Realm – The Knowledge Quarter
The Knowledge Quarter grew out of Burnley’s ambition of becoming a centre of educational excellence and a regionally significant centre for advanced manufacturing, digital and creative industries. Plans include an £84 million Education Campus – home to the University of Central Lancashire (UCLan) and Burnley College and a business park with a direct links to the university and college sites; an iconic gateway to the Park, incorporating the latest architectural and artist design features, has already been erected
The Todmorden Curve
The Todmorden Curve rail-link, last used in the 1960s, was granted monies from the Regional Growth Fund for its restoration; this could cut journey times between Burnley and Manchester by half. The project will create jobs and enable economic growth for Burnley.
- Located – Lancashire
- Miles from London – 180 miles north west
- Density: Burnley – 1,996 people per km2 (2010)
- Density: London – 4,761 people per km 2
- Population: Burnley – 85,300 (2010)
- Population: Greater London – 7,753,600 (2009)
Burnley Property Values Q1 2012
Currently there are around 543 properties for sale in Burnley, with an average price of £145,624. This figure represents a fall of £13,744 (-11.99%) over the past year and a fall of £31,599 (-23.85%) over the past five years. There are currently 65 properties for rent in the Burnley area, with an average monthly rental of £506.
Repossessed Houses for Sale Burnley
- Downstairs cloaks,
- Three bedrooms
- Integral garage
For auction: 22nd March 2012 at Haydock Park Racecourse.
Guide Price: £40,000
Similar properties in this area are currently on offer at an average of £61,000, a cost per square foot of £78
Kyan Street, Burnley BB10
Similar properties in this area are currently on offer at an average of £66,300, a cost per square foot of £101
Kingsbury Place, Burnley BB10
- Entrance hall
- Four bedrooms
- Family bathroom
Offers in excess of £38,000
Similar properties in this area are currently on offer for in excess of £100,000.
Repossessed Houses for Sale Burnley and Below Market Value (BMV) Auction Agents
20 Manchester Road, Burnley, BB11 1HH
Telephone: 01282 380036
18 Manchester Road, Burnley, BB11 1HH
Telephone: 01282 380004
Falcon and Foxglove Estate Agents
21 Manchester Road, Burnley, BB11 1HG
Telephone: 01282 875040
If you are looking to invest in the property market, there can’t be many places better to start your developer career, you should be buy a repossessed house for sale Burnley.