Turnkey 13-room investment property with immediate income and management in place.
13 en-suite rooms providing immediate rental income
Freehold HMO sold at auction with £770,000 starting bid
Recently refurbished; modern fixtures and double glazing
Professional management company in place for hands-off ownership
Electric room heaters only; potential higher running costs
EPC rating E — energy improvements likely required
Very slow broadband and above-average local crime rates
Medium flood risk; area shows very high deprivation
This 13-bedroom HMO on Church Street, Burnley, is a purpose-built investment asset delivered freehold and sold at auction with a starting bid of £770,000. Each bedroom includes a private en suite and the property is currently fully tenanted, providing immediate income and a high-yield cashflow profile. A professional management company already handles tenant and maintenance duties, offering a largely hands-off ownership experience.
The building was recently refurbished with modern fixtures and double glazing, reducing short-term maintenance needs and improving tenant appeal. Multiple communal lounges and fully equipped shared kitchens support turnover and occupancy in a central, well-connected location close to public transport, shops and local amenities.
Buyers should note clear risks: the EPC is rated E and heating is by electric room heaters, which can mean higher running costs and potential investment in central heating later. Broadband speeds in the area are very slow, which may affect some tenants. The property sits in an area with above-average crime, very high deprivation, and a medium flooding risk — factors that influence longer-term demand and insurance costs.
This lot is for auction sale and will be sold as seen; council tax banding is to be confirmed. The recent refurbishment and current full tenancy make this a turn-key HMO for experienced landlords or investors prepared to manage operational risks and address utility and energy-efficiency upgrades over time.
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