56, Spencer Street
56, Spencer Street
Description & Estimates
56, Spencer Street, Burnley is recorded publicly as a period leasehold house across 742 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 56, Spencer Street, Burnley is £73,687 and its rental estimate is £604 per month, given the available information and assuming reasonable condition.
Spencer Street, Burnley, BB10 falls within the BB10 postal district, in the borough of Burnley.
Our Data Sources
56, Spencer Street, Burnley has 2 entries in the Land Registry , most recently in June 2016 and a single entry in the EPC database dated July 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 56, Spencer Street, Burnley, we estimate a market value of £77,372 and a rental value of £634 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £68,529 and £562 per month respectively.
Recent Market Change
Over the last year, 56, Spencer Street, Burnley has seen its estimated sale value move up by £1,818 (2.5%) and its estimated rental value increase by £17 per month (2.9%). This results in an estimated gross rental yield of 9.8%.
Energy Efficiency
56, Spencer Street, Burnley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jul 2015.
The property is connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 56, Spencer Street, Burnley completed on 10th June 2016 at £35,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 155.0% over the period since June 2016.
- Sold Jun 2016£35,000
- Sold Aug 2007£50,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 56, Spencer Street, Burnley have sold within a radius of 510 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd March 2024, was 52, Spencer Street, Burnley, BB10 1BU, a leasehold house which sold for £65,000.
Read more about house prices in BB10.
- Sold Mar 2024£65,000 | 3 Bed House52, Spencer Street, Burnley, BB10 1BU52, Spencer Street, Burnley, BB10 1BU
- Sold Jan 2024£55,000 | 2 Bed House40, Spencer Street, Burnley, BB10 1BU40, Spencer Street, Burnley, BB10 1BU
- Sold Feb 2022£66,000 | 3 Bed House74, Spencer Street, Burnley, BB10 1BU74, Spencer Street, Burnley, BB10 1BU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 71 addresses on Spencer Street, Burnley, BB10, 56, Spencer Street, Burnley comes out as the 28th largest and the 25th most expensive in our analysis of the public data.
It is also £92k less expensive than the average property across the BB10 district.
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Schools Nearby
- 400mBurnley Stoneyholme Community Primary School
- 500mBarden Primary School
- 800mHeasandford Primary School
- 1.3kmBlessed Trinity Roman Catholic College, A Voluntary Academy
- 1.6kmSir John Thursby Community College
- 2.5kmUnity College
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Public Transport Nearby
From 56, Spencer Street, Burnley, the nearest station is Burnley Central, 1.0 kilometres away.
- 1.0kmBurnley Central
- 1.6kmBurnley Barracks
- 2.0kmBurnley Manchester Road
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
