HMO in Burnley, Licensed

The proposed strategy is to acquire and operate the property as a house in multiple occupation, subject to licensing, planning and local authority requirements. The aim is to create strong rental demand and diversified monthly income across several rooms.
This property is a fully operational, licensed HMO.
This property is in close proximity to major local amenities such as schools, transport links, and vibrant shopping hubs, thereby ensuring daily essentials are easily accessible.
This is a turnkey property investment opportunity, meaning that the property does not require any refurbishment, allowing you to earn cashfow or sell the property efficiently.

INVESTMENT OPPORTUNITY - 4-BEDROOM HMO | BURNLEY, BB11
Asking Price: £117,500**
An attractive buy-to-let investment opportunity on Scarlett Street, Burnley, offering an established 4-room HMO with 3 bathrooms, tenants in situ and management already in place.

Four income-generating rooms
Existing tenants and rental income
Management arrangements in place
Potential for attractive rental yields
Convenient location close to local amenities

Ideal for property investors looking to expand their portfolio with an existing HMO investment.

Interested? Get in touch for further details and to discuss the investment opportunity.

Financial Information
Current value: £130,000
Purchase price: £117,000
Purchase costs: £41,685
Refurb/works cost: £0
Sourcing fee: £2,000
GDV: £135,000
Monthly profit (£): £937
Annual profit: £11,255
Monthly rent: £1,650
Annual rent: £19,800
ROCE (%): 40%
Yield: 15%
Money left after refinance: £28,185
Investment required: £41,685