58, Reed Street
58, Reed Street
Description & Estimates
Public records show 58, Reed Street, Burnley to be a period leasehold house with 688 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
58, Reed Street, Burnley has an estimated sale value of £64,146 and an estimated rental value of £535 per month, assuming reasonable condition and based on the information available.
Reed Street, Burnley, BB11 lies in the borough of Burnley, within the BB11 postal district.
Our Data Sources
58, Reed Street, Burnley has 71 entries in the Land Registry , most recently in January 2023 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 58, Reed Street, Burnley would be worth £67,353, with a potential rental value of £562 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £59,655, with a rental value of £498 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 58, Reed Street, Burnley has climbed by £3,102 (4.8%) over the last year. During the same period, its estimated monthly rental value has risen by £31 (5.7%). The property's estimated gross yield is currently 10.0%.
Energy Efficiency
58, Reed Street, Burnley has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Feb 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
58, Reed Street, Burnley last changed hands on 31st January 2023, selling for £45,500. The transaction was logged as a leasehold house by HM Land Registry.
In total it has sold 7 times since 1995.
The market for similar properties has risen by 43.0% since January 2023.
- Sold Jan 2023£45,500
- Sold Jul 2017£32,000
- Sold Jun 2005£21,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 500 metres of 58, Reed Street, Burnley across the last 2 years.
Most recently, 71, Reed Street, Burnley, BB11 3LP, a leasehold house, sold at £89,999 on the 23rd May 2024.
Read more about house prices in BB11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 58, Reed Street, Burnley as the 64th largest and the 66th most expensive of the 101 addresses on Reed Street, Burnley, BB11.
Against the BB11 postcode district average, it is £76k less expensive than the typical property.
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Schools Nearby
- 200mBurnley Springfield Community Primary School
- 600mBurnley St Stephen's Church of England Voluntary Aided Primary School
- 900mBurnley St Peter's Church of England Primary School
- 1.1kmUnity College
- 1.3kmBlessed Trinity Roman Catholic College, A Voluntary Academy
- 2.6kmSir John Thursby Community College
More reading links
Public Transport Nearby
Burnley Manchester Road station is the nearest stop to 58, Reed Street, Burnley at 700 metres away.
- 700mBurnley Manchester Road
- 1.2kmBurnley Central
- 1.6kmBurnley Barracks
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
