E & M Property Solutions says ..

Property Oracle says ..

This property, a 13-bedroom, 13-bathroom house located on Church Street in Burnley, Lancashire, is presented as a high-yield HMO investment opportunity. The photos showcase a recently renovated interior with modern furnishings and a clean, contemporary aesthetic. The property’s proximity to Burnley Central train station and several schools adds to its appeal as a potential rental investment, particularly for students or young professionals. However, the absence of any garden or outdoor space is a notable drawback. The listing price of £895,000 is a significant sum, particularly considering the lack of detailed comparable sales data for similar HMOs in the area. A thorough financial analysis, including projected rental income and expense calculations, is critical before considering the purchase. The significant number of bedrooms and bathrooms suggests it’s likely geared toward the HMO market, and thus the price may be justified by the potential rental income. However, due diligence is essential to validate the investment’s true potential, given the absence of data about comparable HMOs in Burnley. The potential rental income should be considered against the total purchase price and running costs. An independent valuation is also recommended.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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