Summary - 11 PENDLE STREET PADIHAM BURNLEY BB12 8QX
2 bed 1 bath Terraced
Immediate income with a long-standing tenant and strong stated yield.
Two double bedrooms and two open-plan reception rooms
A straightforward buy-to-let proposition in Padiham offering immediate income: this two-bedroom mid-terrace is sold with a long-standing tenant and a stated 9% yield. The property extends to around 1,000 sq ft, with two open-plan reception rooms, a kitchen extension and a small rear yard — practical features that support rental demand.
Constructed before 1900 in sandstone/limestone, the house retains period character externally. It has double glazing (install date unknown), mains gas central heating and an EPC rating of D. The property is leasehold and will suit an investor looking for hands-off income, with the tenant remaining in situ for a smooth transition.
Buyers should note material considerations: the area is very deprived with very high local crime levels, which can affect tenant turnover and capital growth. The walls are assumed uninsulated and the house may benefit from energy-efficiency improvements and targeted maintenance to improve long-term returns.
Overall this is a pragmatic acquisition for a purchaser focused on yield and immediate rental income rather than lifestyle or resale premium. Proximity to local schools, frequent bus links and city conveniences help maintain letting appeal in this neighbourhood.
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