Summary - 25 BARLEY STREET PADIHAM BURNLEY BB12 7BE
4 bed 1 bath Terraced
Immediate rental income with scope to increase returns through refurbishment.
- Four-bedroom mid-terrace currently operating as an HMO
- Produces £19,200 pa; potential to reach ~£24,000 pa
- Single bathroom only; limits tenant flexibility
- Small enclosed rear courtyard; limited outdoor space
- Visible exterior wear and some rear damp/peeling paint
- Leasehold with very long lease remaining; buyers premium applies
- Located in high-crime, very deprived area; tenant demand risk
- Excellent mobile and fast broadband; good transport links
This mid-20th century four-bedroom mid-terrace in Padiham is presented as a buy-to-let opportunity with long-term tenants in situ. The property currently operates as an HMO and produces a reported gross income of £19,200 p.a., with scope to increase to around £24,000 p.a. at market rates — a clear income driver for investors seeking immediate rental returns.
Externally the house is typical of the neighbourhood: a small enclosed rear courtyard, plastered façade and some visible wear (peeling paint and minor damp risk at the rear). Internally rooms are modest in size with standard ceiling heights; the layout provides straightforward HMO accommodation but only a single bathroom which limits flexibility and may impact future tenant mix or compliance costs.
Key practical notes: the property is leasehold (long lease remaining), located in an area with high crime statistics and very high deprivation, and a buyer’s premium will apply on sale. Transport links and local amenities are convenient and mobile/broadband connectivity are strong — positives for continued rental demand. The house is suitable for investors or developers prepared to manage a let property in a challenged area and to carry modest maintenance or targeted refurb works to lift rental value.
This is a cashflow-focused purchase: immediate income, upside by re-banding rents, and potential for value uplift through measured refurbishment. It is not recommended for buyers seeking a low-risk owner-occupier purchase given the social and area indicators and the property’s current HMO usage.
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