Summary - 24 WESTGATE BURNLEY BB11 1RT
5 bed 2 bath House of Multiple Occupation
Cash-only licensed HMO with strong income and refurbishment potential.
Licensed HMO until 2029, fully occupied
A licensed five-bedroom HMO offered freehold with licence in place until 2029 and full occupancy, producing a current gross income of £23,376 per year. The property comprises five double bedrooms (several en-suite), two kitchens and two bathrooms — arrangements that support immediate rental income with minimal void risk. Its Victorian stone façade and high ceilings give genuine period character and clear potential to enhance returns through sympathetic refurbishment.
This is a cash-only sale in a very deprived, high-crime area of Burnley (BB11). The location benefits from excellent public transport links, local shops and fast broadband, which help maintain tenant demand despite wider area constraints. Council tax is very cheap, and mobile signal is excellent, both practical advantages for occupants and operators.
Buyers should factor in material downsides: the building requires updating (dated interiors, likely no wall insulation), EPC D and sandstone walls assumed uninsulated. The property may need ongoing maintenance and upgrading to improve energy efficiency and long-term compliance beyond 2029. The small plot and lack of reception rooms limit amenity expansion. This is a practical, high-yield investment for a cash buyer prepared to manage refurbishment and operating risks.
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