The Burnley house for sale for £15,000

An empty two-bedroom terrace in Pritchard Street, Rosehill, Burnley, has gone on the market for £15,000 — and it could even go for less.

It comes a week after research found Angle Street, Daneshouse, to be the cheapest street in England and Wales with homes costing an average of £32,400.

But experts said the Pritchard Street property was an exceptional case, not an indication that Burnley house prices had fallen further.

The boarded-up house is described by the agent as in need of comprehensive repair and renovation.

It has a sitting room, kitchen, two bedrooms upstairs, a bathroom and a yard.

Land Registry figures reveal that the Pritchard Street house is good value for money, with the last three properties there selling for £54,000 and two at £55,000.

John Dinsdale, whose agency in Parker Lane, Burnley, is marketing the house, said they would listen to offers.

He said the front wall of the house was unstable and needed rebuilding, while the inside needed a complete refurbishment.

Mr Dinsdale added: “It is a house in a very poor state of repair in a poor area.

"It has been broken into quite a few times.

“It will certainly need a lot of money spent on it to bring it up to scratch.”

The house would appeal to builders or investors, he said.

Its sale description says: “Located in a mature well established area off St Matthew Street, the property is within a few minutes walk of Burnley town centre.

“Structural movement / cracks are evident to the front elevation and the interior has been vandalised.

"The property is in need of comprehensive repair / renovation - hence the modest asking price.”

Residents said they believed the price was indicative of the house, not the area.

Martin Baines, of Pritchard Street, said: “There are worse areas than this in Burnley, never mind any other towns.

“I am not sure why the house is so cheap but maybe it is not in great condition.”

Elizabeth Groves, also of Pritchard Street, said: ”There are a few boarded-up houses on the street but there are also some well kept homes and there are people who care about the area.

“I've never had any problems living here.

“Perhaps it is a little rough but I think there are worse places to be.”

Alan Riley, of Clifford Smith and Buchanan estate agents in Manchester Road, said although it was rare to get houses as cheap as £15,000 on the market, properties at the lower end were struggling to sell.

He said: “Houses at this price are unusual and they have normally had some damage done to them.

“If it had some money spent on it, maybe it could be a reasonable family home.

“But we have had houses at £20,000 and there is simply not anyone there trying to buy them, which is quite surprising at the price.”

Burnley councillor Howard Baker, who runs Falcon and Foxglove estate agent in Manchester Road, said Burnley’s abundance of empty homes was dragging down property prices.

He said: “There is good-quality low-cost housing in Burnley.

“It is out there, but there is also an awful lot of low-quality low-cost housing around. That’s what brings the prices down.”

Last week, Burnley Borough Council leader Charlie Briggs urged the Government to pour money into the town to improve housing.

His call came after ministers last year axed Housing Market Renewal, which had provided the town with £15million a year to boost stock.

In last week’s house price figures, four of the top five streets with the lowest house prices in England and Wales were in Burnley.