Summary - FLAT 2, 20 WESTGATE, BURNLEY BB11 1RT
5 bed 2 bath Terraced
Fully licensed, fully tenanted HMO in Burnley — strong income but cash buyers only..
Fully licensed HMO until 2029
A ready-made income property in central Burnley, this five-bedroom HMO is fully tenanted and licensed until 2029. Current income is stated at £23,376 per year, delivering a high gross return against the asking price of £160,000. Two kitchens and two bathrooms reduce tenant friction and support full occupancy.
The building is a traditional Victorian terraced property with double glazing and mains gas central heating. The accommodation comprises five double bedrooms (one with en suite) spread over multiple floors. The property’s size and layout suit HMO use and provide straightforward management for an investor seeking immediate cashflow.
Important considerations: sale is for cash buyers only. The area scores high for crime and is very deprived, which can affect tenant turnover and long-term value. The property is older (pre-1900) and the stone walls are likely uninsulated; the EPC is D. There are no formal reception rooms and the plot is small, so this is primarily an income asset rather than a family home.
This is a practical buy for an investor focused on yield and hands-on management. Licensing in place and full occupancy reduce immediate letting risk, but buyers should allowance for maintenance, potential retrofit costs (insulation, updates) and local market challenges before purchase.
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