- 4 separate ensuite rooms within one freehold property +
- £25,200.00 estimated gross rental income per annum +
- Freehold property +
- Recently refurbished throughout +
Spacious mid-terraced property for sale in the heart of one of Wigan's most popular residential locations. The property itself has been refurbished throughout to offer four separate ensuite bedrooms, which have the potential to generate £2,100.00 per month.
At present, two of the rooms are tenanted. Of the other two rooms, an application has been received for one (currently undergoing referencing), with the other being marketed by a local letting agent.
INVESTMENT INFORMATION
Address: 6 Cecil Street, Wigan WN1 3JL
Asking price: £220,000.00
Ground rent: £0.00
Service charge: £0.00
Freehold property
Recently refurbished
Rental Breakdown
Room 1 - £520.00pcm
Room 2 - £520.00pcm
Room 3 - £500.00pcm
Room 4 - £560.00pcm
Estimated gross rental income per annum - £25,200.00 or 11.45% (based on four occupied rooms)
Estimated annual costs - £7,886.95 (figures available on request)
As the property is 4 rooms/single occupancy, an HMO licence is not required.
This property presents an excellent investment opportunity, both for clients looking to self-manage, or for investors seeking a more hands free investment opportunity.