3-bed
Hargrove Avenue, Burnley, BB12
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Asking price
£187,500
£218/sqft
Verdict
Strong rental backup (8.88% gross yield)
What you could do with it
Estimated gross yields from current rental comps. Numbers are pre-cost — service, voids, mortgage, management still come off these.
Standard BTL
£1,388/mo
8.9% gross yield
Open-market tenant on a 12-month AST.
HMO (rooms)
Best fit£1,407/mo
9.0% gross yield
4–6 individual tenants, shared living. Highest yield, most management.
LHA / Section 8
£593/mo
3.8% gross yield
Council-paid tenant. Stable rent, longer tenancies, slight discount to market.
Council lease
£504/mo
3.2% gross yield
3–5 yr guaranteed-rent lease to a housing association. Hands-off.
Who is this for?
Quick read across the buyer personas. ✅ = good fit · ⚠ = workable with caveats · ❌ = look elsewhere.
Family home
3-bed but EPC unknown — factor retrofit cost or budget for it.
Standard BTL
8.9% gross — clears typical 5%+ break-even threshold.
HMO (rooms)
9.0% HMO yield, no Article 4 — strong on paper.
Buy + rent later
Rents would more than cover BTL mortgage costs if life changes.
The numbers
England (SDLT) · 75% LTV mortgage at 5.5% over 25 years (capital repayment).
Stamp duty
First-time buyer
£0
Home mover
£0
2nd home / BTL
£9,375
Mortgage @ 75% LTV
- Loan
- £140,625
- Deposit
- £46,875
- Per month
- £864
Cash you'd need to walk in (deposit + investor SDLT, before legal/survey): £56,250
Should you pay this?
Asking price is in line with what 3-bed homes have been selling for nearby.
Contains HM Land Registry data © Crown copyright and database right.
What it'd rent for
£1,388/month8.88% gross yield
Most landlords need 5%+ gross to break even after costs in this area, so this is a decent fallback if your plans shift.
Property features
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Crime risk
Flood risk
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