In this article we consider transient random walks on HNN extensions of finitely generated groups. We prove that the rate of escape w.r.t. some generalised word length exists. Moreover, a central limit theorem with respect to the generalised word length is derived. Finally, we show that the rate of escape, which can be regarded as a function in the finitely many parameters which describe the random walk, behaves as a real-analytic function in terms of probability measures of constant support.Consider now a group-invariant, transient, nearest neighbour random walk (X n ) n∈N 0 on the Cayley graph of G w.r.t. the generating set S 0 ∪ {t, t −1 }. In this article we are interested to study the asymptotic word length w.r.t. the length function ℓ given by λ ℓ = lim n→∞ ℓ(X n )/n, provided the limit exists. We will also call λ ℓ the rate of escape or drift w.r.t. ℓ.