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5-9 Nicholas Street HMO

Burnley, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

13 Bedroom HMO

£600,000.00

  • Invest From £600,000
  • Estimated Net Yields Of 10.13%
  • Prime Town Centre Location
  • Fully Licensed HMO Investment Opportunity
Purchase Process

Investment Highlights

  • 13 bedroom fully licensed HMO opportunity
  • Purchase for just £600,000
  • Generating £5,676.67 gross rental income per month
  • Estimated annual net yield of 10.13%
  • Newley renovated throughout
  • Excellent town centre location
  • Close to local transport links
  • Covering a huge 3,105 square foot

Investment Breakdown

  • Freehold Property - No Ground Rent
  • Total Rental Income: £5,676.67 pcm
  • Estimated Management Fee: £7,356.96 per annum
  • Fully Completed & Licensed HMO Property

Market Key Facts

  • Average house prices in Burnely increased 9% from 2020 to 2021 (according to rightmove.co.uk)
  • Current house prices are up over 18% on the 2018 peak and are set to increase further over the next few years
  • The number of students in Burnely are set to rise from around 2000 up to 4000 by 2025 due to a multi million pound investment in the UCLan
  • Average property prices and rentals in the Lancashire region are highly desirable with demand for all types of homes often exceeding supply

5-9 Nicholas Street HMO - Overview

Pure Investor are delighted to present a luxury 13 bedroom, tenanted HMO property, ideally located in Burnley Town Centre.

Nicholas Street, Burnley is a fully licensed, 13 bedroom HMO investment opportunity looking to appeal to the ever increasing student population which is set to double over the next five years due to investment in local universities.

Its prime, town centre location also means that Nicholas Street benefits from a wide range of amenities such as a range of popular bars and restaurants, local shops and prime transport links throughout the Lancashire region. This combination of location as well as the newly refurbished interior makes Nichols Street ideal for any student looking to live in the Burnley area.

Payment Plan

  • Reserve your unit with a signed reservation form
  • Provide certified ID, proof of address and proof of funds to Pure Investor
  • Pay a £2,000 non-refundable reservation fee
  • Remaining balance due on completion

Video - 5-9 Nicholas Street HMO

Development Availability

PropertySizeBedroomsPriceEnquire
13 Bedroom HMO3105 square foot-£600,000.00Enquire

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Nicholas Street - Location

Ideally located in the idyllic county of Lancashire, Burnley benefits from the perfect mix of bustling town life and serene countryside making it the ideal place for students and families alike.

The town centre has recently been the subject of a long term promise by Burnle council with a recent £20.7 million investment in a high end shopping centre aiming to ensure that Burnely town centre remains vibrant and attractive to all prospective residents.

Nicholas Street itself is in close proximity to a number of local amenities including the local library and shopping centre as well as a range of popular bars, shops and restaurants.

Nearby Amenities

  • Burnley Library - 2 Minute Walk
  • Tesco Extra -  6 Minute Walk
  • HSBC Bank -3 Minute Walk
  • Charter Walk Shopping Centre - 5 Minute Walk
  • Train Station - 9 Minute Walk
  • Marks & Spencer’s Supermarket - 7 Minute Walk
Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

Contact Us

Contact Pure Investor today for a Free Consultation and Valuation for your tenanted property for sale.

Call today on: +44 (0) 161 337 3890

or contact to us via WhatsApp Contact Now

Find out more

Need some help? Request a FREE call back today.

Whether you're a seasoned investor or considering your first property investment, our experienced team are here to help. Arrange a FREE call back from one of our team!

Free Call Back

Call our team today on +44 (0) 161 337 3890

Why Invest

Why Invest in Burnley

Burnley is becoming a property hot spot as nearby cities such as Manchester become less affordable. HS2, the planned fast rail link between Manchester and Leeds, has also provided a boost to the area and Burnley’s stock continues to rise in the eyes of private buyers, as well as investors and developers looking for solid property returns.

Burnley has also benefitted from numerous regeneration projects, including an aerospace village and a direct Manchester rail link. The ‘On The Banks’ project saw multimillion pound investment in regenerating the Leeds & Liverpool Canal, located at the heart of Burnley.

  • Average house prices in Burnely increased 9% from 2020 to 2021 (according to rightmove.co.uk)
  • Current house prices are up over 18% on the 2018 peak and are set to increase further over the next few years
  • The number of students in Burnely are set to rise from around 2000 up to 4000 by 2025 due to a multi million pound investment in the UCLan
  • Average property prices and rentals in the Lancashire region are highly desirable with demand for all types of homes often exceeding supply

Other Popular Developments

Why Choose Pure Investor

Key to the success and growth of Pure Investor in recent years has been our location on the outskirts of Manchester. Strategically located to offer all our consultants easy access to Manchester, Liverpool, Sheffield and Leeds, we are regular visitors to all the major property developments within the key Northern Powerhouse destinations.

We are passionate about the growth and development within these locations, ensuring our consultants have a high level of expertise regarding the development opportunities within these key growth areas. For this reason, many investors choose to speak with Pure Investor first when considering property investment in the North England.

We genuinely believe in working with our clients, providing a high quality of service and information, allowing our clients to make their decision on a more informed basis. As a result of this, an increasing number of investors are choosing to return and utilise our services on an ongoing basis. This is something we are incredibly proud of, and which we are looking to continually improve on in the future.

If you are considering in investing in a property in the North of England, and don't fancy the 'hard sell' approach, please feel free to get in touch on either enquiries@pureinvestor.co.uk or Tel: 0161 660 8261.

We look forward to hearing from you!

Pure Investor - Property Investment