Why Landlords are Choosing Burnley for Property Investment

Tapping into the property market as a landlord is an opportunity that comes with big choices. Perhaps the biggest decision you will have to make is where to invest, the location you select can significantly impact your return on investment. In recent years, Burnley has emerged as a favored destination for property investors, and for good reason. Here, we'll quickly explore why landlords are increasingly turning their attention to this Lancashire town for property investment opportunities.

Strategic Location

Situated in the heart of Lancashire, Burnley's strategic location offers landlords an advantageous position. The town is well-connected to major cities such as Manchester and Leeds, making it an attractive prospect for commuters and businesses. Its proximity to the M65 motorway provides easy access to neighboring towns and cities, making it an appealing location for potential tenants seeking convenience and accessibility.

Regeneration and Development

Burnley has experienced significant regeneration and development in recent years, breathing new life into the town and boosting its appeal to both residents and investors. Projects such as The Weavers' Triangle, On The Banks, and the Pioneer Place development demonstrate a commitment to revitalizing the town and enhancing its amenities. As a result, landlords are drawn to Burnley's evolving landscape, recognizing the potential for long-term capital growth and increased rental demand.

Affordability

One of the standout reasons landlords are choosing Burnley for property investment is its affordability. Compared to larger cities, property prices in Burnley are relatively lower, allowing investors to enter the market at a lower capital outlay. This presents an attractive proposition for landlords looking to maximize their investment potential and achieve favorable yields.

Rental Yields

With its affordable property prices and growing demand for rental accommodation, Burnley offers landlords the opportunity to secure competitive rental yields. The town's expanding job market and thriving industries contribute to a steady flow of tenants seeking quality rental properties. This, combined with the town's affordable housing market, positions Burnley as a lucrative choice for landlords looking to maximize their rental income.

Strong Rental Demand

Burnley's growing economy, coupled with its ongoing regeneration, has led to an increase in demand for rental properties. The town's diverse housing options, ranging from modern apartments traditional terraced houses, HMO’s and semi/ detached properties cater to a wide spectrum of tenants, further amplifying the appeal for landlords. This strong rental demand is a key driver behind the town's emergence as a prime location for property investment.

Supportive Infrastructure

Landlords choosing Burnley for property investment benefit from a supportive infrastructure designed to accommodate the needs of both investors and tenants. The town offers a range of local amenities, including schools, medical facilities, and leisure attractions, enhancing its appeal to families and professionals alike. This comprehensive infrastructure contributes to the town's desirability as a location for long-term property investment.

E&M Property Solutions Estate Agency

Of course, Burnley is our base, that may be the best reason yet to chose Burnley to make your property investment. E&M Property Solutions are the leading Burnley estate agency in property management and property leasing. Having won the Gold Award for Lettings from the British Property awards 2023/2024 we can firmly say that we can help all Landlords achieve their goals! Whether that’s, tours of the local area, sourcing your ideal property, selling or building your current portfolio’s, full or part management, furnishing, or just some friendly business advice. We are here!

These factors collectively position Burnley as a compelling choice for landlords looking to maximize their property investment potential. As the town continues to thrive and evolve, it presents an inviting landscape for landlords seeking lucrative opportunities in the property market.