Repossessed Houses for Sale Burnley

By April 19, 2012House Repossession

Current List of Repossessed Houses for Sale Burnley
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repossessed houses for sale Burnley
There are numerous opportunities to buy repossessed houses for sale Burnley.

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:

Weavers Triangle

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.

Burnley Statistics

  • 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

Repossessed Houses for Sale in Burnley
Mid-terrace three-bed town house close to Burnley town centre. Ideal investment opportunity. Accommodation briefly comprises:

  • Kitchen
  • Downstairs cloaks,
  • Lounge
  • Three bedrooms
  • Bathroom
  • 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

Repossessed Houses for Sale in Burnley
A mid-terrace house with two reception rooms, kitchen and utility area, three bedrooms and bathroom, gas central heating system and double glazing, yard to rear. No Chain

£39,950

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

Repossessed Houses for Sale in Burnley
This four-bedroom house is offered at substantially BMV. Briefly, the accommodation comprises:

  • Entrance hall
  • Lounge
  • Kitchen
  • 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

Reeds Rains
20 Manchester Road, Burnley, BB11 1HH
Telephone: 01282 380036

Entwistle Green
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.