Summary - 412 COG LANE BURNLEY BB11 5JP
1 bed 1 bath Terraced
Ready-made rental with tenant in place and scope for rent uplift.
- One-bedroom Victorian mid-terrace with private rear garden
- Produces £5,400 pa current gross rental income (tenant in situ)
- Leasehold with 1,796 years remaining (very long lease)
- On-street parking only; no dedicated off-street parking
- Located in a high-deprivation, high-crime area
- Likely needs cosmetic refurbishment to lift rents
- Tenant intends to remain; reduces immediate void risk
- Buyers’ premium will apply on purchase
This compact mid-terrace Victorian house on Cog Lane is marketed as a ready-made buy-to-let with a long-term tenant in situ and a current annual gross income of £5,400. The property is small but serviceable, with one bedroom, lounge, kitchen, bathroom and a private rear garden. Its traditional stone facade and simple layout make it straightforward to manage or update.
The location sits in a high-deprivation, high-crime ward of Burnley where rental demand from local workers is steady, so the asset appeals most to investors seeking immediate cashflow rather than owner-occupiers wanting a low-crime neighbourhood. Tenancy records indicate reliable payments and the tenants wish to remain, reducing void risk on purchase. A buyers’ premium applies to secure the sale.
Practical points to note: tenure is leasehold with a very long lease remaining (1796 years) and parking is on-street only. The property appears externally serviceable but is likely to benefit from cosmetic refurbishment to achieve higher market rents. Full inspection and the Let Property Pack are recommended to confirm condition, service installations and detailed investment projections.
Overall, this is a straightforward addition to a rental portfolio for a buyer prioritising immediate income and minimal management complexity. It offers short-term cashflow with modest scope for uplift through refurbishment or re-letting at market rates, but it sits in a challenged local area and is therefore best suited to experienced investors or developers familiar with this market.
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