HMOs in Blackburn
Blackburn is a hidden gem when it comes to HMO investments. Currently there is city wide Article 4 restrictions which prohibits the developments of new HMOs and restricts the conversion of residential housing (C3) to up to 6 bed HMOs (C4).
HMOs that benefit from planning and/or HMO licences come at a premium in the City.
From our experience, there is no demand for student HMOs in Blackburn and therefore the only main demand is professional workers and social housing.
Off-Market HMO Deals in Blackburn
12 bed HMO Vacant
Off market deal, renovation of 3 storey detached building laid out as 3 flats, with HMO licence for 12 people, and certificate of lawfulness planning permission for HMO use
21 bed Professional Tenanted HMO
Off market deal, 21 bed HMO split as flats, with commercial units below for sale. Direct to Vendor deal generating north of £140k per annum in rent.
