Tenanted Buy-to-Let Property for Sale UK

Tenanted buy-to-let stock on this page

Every property on this page is let and producing rent. There are 21 listings live, priced from £40k to £6.3m, with gross yields at asking from 5.57% to 36.5%, and 0 of the 21 are under offer today. Each card carries the asking price, the passing rent and the gross yield, so you can rank the stock before opening a listing.

The page holds everything we sell with the income already in place: single-let houses and flats, licensed and Article 4 HMOs, small freehold blocks on one title, and buildings let to an operator on a lease, from a children's home to a supported-housing provider. Vacant refurbishments, trading hotels, development land and whole landlord portfolios sit elsewhere, because their numbers do not read the same way. Browse those at all investment properties, or filter by HMO, flat, block of flats and care homes and supported living. Anyone buying several units at once should start at portfolios for sale.

How the yield on each card is stated

The gross yield on a card is the passing rent the vendor has stated, divided by the asking price. It is struck before finance, management, voids, repairs, insurance and certificates, so the net figure you bank is lower. Our guide to gross and net yield shows the working.

On a bills-inclusive HMO the rent includes the utilities the landlord pays, so the gross figure overstates the margin more than a single let does. Where an HMO has an empty room, the card states the yield on the let rooms only.

Buying with tenants in place

The tenancy survives the sale: its rent, its terms and its history continue against you as the new landlord from completion. Read the signed agreement, check the claimed rent against the vendor's bank statements, and confirm who lives there. Our tenanted property checklist sets out the full handover file.

Where the tenant is a company on a commercial lease, which covers the operator-let care homes and supported-housing houses on this page, the rules below do not apply. The lease governs rent, term, reviews and repairs, and our guide to supported living leases sets out what to check before you rely on the covenant.

Deposit, notices and certificates

A tenancy deposit in England must be protected in a government-approved scheme within 30 days, and a court can order a landlord who failed to do so to pay the tenant up to three times the deposit, per gov.uk. Require evidence of protection before exchange and agree in contract how the deposit transfers on completion.

On completion you serve two notices in your own name. Section 3 of the Landlord and Tenant Act 1985 requires notice of the new landlord's name and address, and section 48 of the Landlord and Tenant Act 1987 requires an address in England and Wales for service, without which rent is treated as not due. The gas safety record, the EICR, the EPC and evidence of working smoke and carbon monoxide alarms should arrive as a set, and gov.uk puts each duty on the landlord of the day.

Rent and possession after 1 May 2026

The Renters' Rights Act 2025 took effect for private assured tenancies in England on 1 May 2026 under SI 2026/421. Existing tenancies converted to periodic assured tenancies and section 21 no-fault possession is gone, so the tenancy you buy is the tenancy you keep until a statutory ground applies. The government's guide to the Act lists the grounds.

Rent can rise once a year by a section 13 notice giving at least two months' notice, and the tenant can refer the figure to the First-tier Tribunal. Underwrite on the passing rent and treat any gap to the local new-let market as upside on turnover, as we set out in Renters' Rights Act three months on. Ask the seller for proof the official information sheet reached every named tenant.

Financing a tenanted purchase

A tenanted purchase is underwritten on the rent, and lenders test that rent against a rate you will not pay. The Prudential Regulation Authority's supervisory statement SS13/16 tells lenders to assume a borrower rate of at least 5.5% for the first five years unless the rate is fixed or capped for five years or more, and records the industry-standard minimum interest coverage ratio as 125%.

Run the test before you offer: charge 5.5% on the loan you want and check that the passing rent covers that interest at 125%, or at your lender's higher threshold. Once you hold four or more mortgaged buy-to-lets the PRA treats you as a portfolio landlord and the lender underwrites the whole book, as our stress test guide explains.

Stamp duty comes on top. Buying a residential property in England or Northern Ireland that leaves you owning more than one usually adds 5% to every SDLT band, and a company pays that surcharge on any residential purchase of £40,000 or more, per gov.uk. Below £125,000 the standard rate is zero, so the surcharge is the entire bill. Six or more dwellings bought in a single transaction are charged at the non-residential rates without the surcharge, per gov.uk, which favours a block of six or more flats over two to five houses at the same total price. Our SDLT guide tables every band.

Where the stock sits and why yields differ

The current stock sits in Birmingham, Blackburn, Eastbourne, Gateshead, Ipswich, Liverpool, Lytham St Annes, Manchester, North West England, Oldham, Preston, Redcar, Stoke-on-Trent and Sunderland. We source across the UK from Glasgow, and the list changes as lots complete.

Gross yields on the northern cards run higher than the southern ones, and the reason is price, not rent. Asking prices fall much further between south and north than rents do, so each pound of rent costs less to buy. The market prices that spread for heavier maintenance on older stock, thinner demand on some streets and lower expected capital growth. Treat the yield as compensation for those costs, then read our guide to where to invest in 2026.

Next steps for buyers and sellers

Open any card for the address and tenancy detail, and enquire from the listing. To see tenanted stock before it reaches this page, join early access with the yield, price and regions you buy.

A landlord selling a tenanted house, flat, HMO or block gets a written figure at no charge through our free property valuation, and our guide for landlords selling up in 2026 covers the choices.

Questions buyers ask

What does it mean when a property is sold with tenants in situ?

A property sold with tenants in situ changes owner while the tenants stay, on the same tenancy, paying the same rent to the new landlord from completion. You buy the income and the tenancy history together: the deposit, the certificates and the notices as they were handled. Every listing on this page is sold this way, and the card shows the rent the tenancy is producing today.

What happens to the tenancy when I complete?

It continues unchanged. For a private residential tenancy in England, the Renters' Rights Act 2025, in force since 1 May 2026, makes it a periodic assured tenancy that transfers to you on the existing terms. A commercial lease to an operator transfers on its own terms, with the same rent and review dates. Rent is apportioned on the completion statement, and you must serve written notice of the new landlord and an address in England and Wales for service. Our tenanted property checklist sets out the handover file.

Can I raise the rent after buying a tenanted property?

Yes, once a year, by a section 13 notice giving at least two months' notice, per the government's guide to the Renters' Rights Act. The tenant can refer the proposed figure to the First-tier Tribunal, which decides what the market rent is. Underwrite on the rent being paid today, treat any increase as upside, and check when the last increase took effect before you offer.

Can I get vacant possession after buying?

Only on a statutory ground, because section 21 was abolished in England from 1 May 2026. The selling ground, Ground 1A, needs four months' notice, cannot be used in the first twelve months of a tenancy, and bars marketing or re-letting for twelve months after it is used, per the gov.uk guide. Buy tenanted stock because you want the tenancy, and treat any vacant possession plan as uncertain in timing and outcome. Our guide to possession after section 21 covers the grounds.

Can I get a mortgage on a tenanted buy-to-let?

Yes, and the tenancy helps, because PRA supervisory statement SS13/16 lets a lender verify the rent from an existing rental agreement. The lender will stress the loan at a minimum rate of 5.5% unless you fix for five years or more, and expects the rent to cover that interest at 125% or higher. Our stress test guide shows the arithmetic to run before you offer.

What is a good gross yield on a tenanted property?

There is no single figure. The cards on this page run from 5.57% to 36.5% gross at asking. The highest numbers sit on room-let and operator-run buildings and on bills-inclusive HMOs, where costs take the largest share of the rent, then on older northern stock. Build the net figure yourself: deduct management, voids, repairs, insurance and licensing, then test the result at the 5.5% stress rate. A yield that only works at gross is not a yield you can spend.

Are tenanted properties cheaper than vacant ones?

Not as a rule, and we do not claim a discount unless the listing states one. The asking price on each card is the vendor's figure, and the market prices tenanted stock on the rent it produces and the condition it is in. What you save is the letting cost and the void between completion and first rent, and what you give up is the freedom to refurbish or re-let on day one.

Does an HMO licence transfer to the buyer?

No. Section 68 of the Housing Act 2004 says a licence may not be transferred to another person, so a licensed HMO needs a fresh application in your name. A large HMO, five or more people from two or more households sharing facilities, must be licensed, per gov.uk. Our guide to HMO licence transfer on completion covers the timing, and Article 4 areas add a planning check.