Rycliffe Street, Padiham, Lancs, BB12

Property Details: • Type: Terraced • Tenure: Leasehold • Floor Area: N/A

Key Features: • TWO BEDROOMS • TERRACED • DINING ROOM • REAR YARD • GOOD INVESTMENT OPPORTUNITY • TENANT IN SITU • SOLD VIA MODERN AUCTION • CURRENT RENT 525PCM

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 154 Whalley Road, Read Lancashire BB12 7PN

Full Description: Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £This two-bedroom traditional terraced property, offered at a competitive price, presents an exceptional opportunity for investors looking to maximize rental yields in a thriving area. This property is an ideal addition to your portfolio.Key Features• Lounge• Dining Room• Two Bedrooms• Bathroom• Town Centre Location• Close to Major Transport Links• Selling with Tenant in SituLocation and Area DevelopmentsSituated just a short distance from Padiham Town Centre, this property enjoys convenient access to a wide range of local amenities, including shops, restaurants, schools, and essential public services. The area has benefited from notable regeneration in recent years, including major investments in flood defence systems—offering increased security and reassurance for residents. These infrastructure enhancements reflect the local council’s dedication to supporting long-term development and community wellbeing.Excellent transport links add to the appeal, with easy access to the M65 motorway providing swift connections to nearby towns and cities—ideal for commuters. In addition, reliable public transport, including frequent bus services, ensures strong connectivity to surrounding areas.Investment PotentialWith its strong rental yield prospects, this property offers a fantastic opportunity for those seeking to enter or expand their investment portfolio. The combination of a desirable location, ongoing area improvements, and the potential for growth makes this a must-view property for savvy investors. Don’t miss out on this excellent chance to secure a property below market value with promising returns.Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.Auctioneers Additional CommentsIn order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.