5 Bed HMO, Wigan, WN6 7AU, £300,000

Mort Street, Wigan, Greater Manchester, WN6 7AU - 7 views - 2 months ago

Sold STC
HMO
ROI: 12%
~178 m²
+4 photos

ValuationUndervalued

Sold Prices£175K - £760K
Sold Prices/m²£1.2K/m² - £5.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.7K/m²

Value Estimate

£366,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Room Rate

£605

Gross Rent

£3,025

Running Costs/mo

£2,142

Cashflow/mo

£883

Cashflow/yr

£10,599

ROI

12%

Gross Yield

12%

Local Sold Prices

28 sold prices from £175K to £760K, average is £400K. £1.2K/m² to £5.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£280K04/230.49 mi198, Beech Hill Avenue, Wigan, Greater Manchester WN6 7QA5
£200K01/210.54 mi18, Abbey Court, Wigan, Greater Manchester WN6 7TR5
£380K07/220.59 mi68, Kenyon Road, Wigan, Greater Manchester WN1 2DQ5
£196.5K06/230.63 mi106, Swinley Road, Wigan, Greater Manchester WN1 2DJ5
£250K03/230.69 mi97, Dicconson Street, Wigan, Greater Manchester WN1 2BA5
£243K01/210.71 mi76, Swinley Lane, Wigan, Greater Manchester WN1 2EF5
£200K09/210.77 mi2, Warnford Street, Wigan, Greater Manchester WN1 2EQ5
£175K12/200.77 mi93, Wrightington Street, Wigan, Greater Manchester WN1 2BX5
£425K01/210.89 mi32, Milton Grove, Wigan, Greater Manchester WN1 2PG5
£500K11/200.97 mi1, Bellingham Mount, Wigan, Greater Manchester WN1 2NJ5
£400K12/231 mi20, St Malo Road, Wigan, Greater Manchester WN1 2PN5
£690K04/211.04 mi275, Wigan Lane, Wigan, Greater Manchester WN1 2NT5
£620K05/211.06 mi282, Wigan Lane, Wigan, Greater Manchester WN1 2RN5
£570K01/211.09 mi9a, Penbury Road, Wigan, Greater Manchester WN1 2RJ5
£350K09/221.12 mi12, Fellside, Wigan, Greater Manchester WN1 3XW5
£250K12/231.13 mi20, West Mount, Wigan, Greater Manchester WN1 3PA5
£580K05/211.18 mi3, Elmfield Road, Wigan, Greater Manchester WN1 2RG5
£760K01/231.33 mi14, Woodlands Park Close, Wigan, Greater Manchester WN1 2SD5
£555K01/211.39 mi3, Hillvale, Standish, Wigan, Greater Manchester WN1 2SP5
£590K01/231.49 mi28, Greenways, Standish, Wigan, Greater Manchester WN6 0AF5
£325K04/211.55 mi1, Vanbrugh Grove, Orrell, Wigan, Greater Manchester WN5 0HA5
£425K01/211.63 mi1, Rassey Close, Standish, Wigan, Greater Manchester WN6 0BT5
£390K02/211.71 mi82a, Bell Lane, Orrell, Wigan, Greater Manchester WN5 0DB5
£235K05/231.78 mi3, Morville Drive, Wigan, Greater Manchester WN3 5LA5
£510K08/231.86 mi4, Sennicar Lane, Haigh, Wigan, Greater Manchester WN2 1LS5
£440K07/211.98 mi18, Cranleigh, Standish, Wigan, Greater Manchester WN6 0EU5
£420K12/201.98 mi20, Cranleigh, Standish, Wigan, Greater Manchester WN6 0EU5
£400K11/201.98 mi1a, Cranleigh, Standish, Wigan, Greater Manchester WN6 0EU5

Local Area Statistics

Population in WN6

39,725

Population in Wigan

214,929

Town centre distance

0.96 miles away

Nearest school

0.10 miles away

Nearest train station

0.85 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £300,000

February 13, 2025

Floor Plans

Description

  • HMO property for sale in Wigan +
  • 5 bedroom & 5 en-suite bathrooms +
  • Finished to a high standard +
  • HMO license in place +
  • Working professional tenants +
  • Generating £36,300.00pa +

Pure Investor brings to the market this fantastically finished 5-bedroom HMO property in Wigan. Each bedroom has an en-suite bathroom with tenants also benefitting from communal areas that would be the envy of most owner-occupiers. Situated in Wigan and about 25 miles to Manchester & 18 miles to Liverpool, this home is located less than a mile from Central Wigan Station and 3.2 miles from junction 26 of the M6 motorway. The home is about 0.5 miles from the nearest Lidl, and there is also a Tesco Extra supermarket (less than 1 mile away) within easy reach. The nearest airport is Liverpool John Lennon Airport (18.0 miles). The nearest hospital is Royal Albert Edward Infirmary (1.8 miles).

INVESTMENT INFORMATION
- Asking Price: £300,000.00
- Annual Rental Income: £36,300.00pa
- Gross Yield: 12.1%
- Annual Outgoing Costs: £7,717.92pa
- Net Yield: 9.5%
- Tenure: Freehold
- Managing Agent In Place: Easy Let, provides a tenant-find service, and charges the first month's rent to find a tenant.
- Landlord Self Manages The Property
- HMO License In Place
- Fully Converted To a High Spec
- Working Professional Tenants

Agent Details

Pure, Manchester

0161 524 5533

Next Steps?

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