Summary - 28 Thurston Street BB11 3DJ
3 bed 2 bath Terraced
Immediate rental income with refurbishment upside near Burnley town centre.
- Four-bedroom HMO layout currently two sitting tenants in place
- Quoted full‑let income c. £1,440 pcm; strong yield potential
- Freehold; EPC D with scope to improve to C
- Narrow galley kitchen; rooms small to average
- Cavity walls likely uninsulated; upgrade opportunity
- Very high local crime and very deprived area
- No notable garden or significant external views
- Sale via online auction; terms and timescales apply
Presented at a starting bid of £95,000, this mid‑terraced Victorian property is offered as a four‑bed HMO with two sitting tenants and immediate rental income. The layout across two floors includes a communal living room, narrow galley kitchen, shared bathroom and utility/WC — a straightforward HMO arrangement that suits an investor seeking immediate cashflow and clear re‑letting potential.
The listing quotes potential full let income of approximately £1,440 pcm (in excess of 12% yield at the start price). Practical positives include mains gas central heating, double glazing (install date unknown), freehold tenure and an EPC currently rated D with scope to improve to C after upgrades. The house is compact but functional, with decent plot size and easy walking distance to Burnley town centre, shops and transport links.
Key investment considerations are candid: the property sits in a very deprived area with very high recorded crime levels, and the external and internal finishes are basic. Cavity walls appear uninsulated (assumed), glazing age is unknown, and rooms are small to average — refurb and management work will be required to maximise returns and upgrade the EPC. The sale is by online auction (Secure Sale) and will be subject to the auction terms and conditions; buyers should factor in auction completion timelines and checks.
This is a pragmatic HMO purchase for a hands‑on investor able to manage tenancy churn and modest refurbishment. It offers immediate income, uplift potential through full letting and targeted improvements, but carries neighbourhood and management risks that will influence long‑term value and tenant demand.
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