Key Investment Highlights:
Asking Price: £420,000
Gross Annual Income: £49,440
Net Annual Income: £8,431.80
Gross Yield: 11.8%
Net Yield: 9.8%
Tenure: Leasehold (length to be confirmed but peppercorn expected)
Fully Let & Operational
Licensed HMO
EPC: C
An excellent opportunity to acquire a fully tenanted, high-specification HMO in a prime Wigan location. This turnkey asset generates strong cash flow and is ideal for seasoned investors looking for a reliable, high-yielding property.
Property Description:
6 En-Suite Double Bedrooms
Fully Furnished to High Standard
Contemporary Communal Kitchen & Dining Area
Fully Compliant with HMO Fire & Safety Regulations
Interlinked Smoke Alarms, Emergency Lighting, Fire Doors
Double Glazing & Gas Central Heating
Off-Road Parking & Rear Yard
High-Spec Renovation - No Immediate Works Required
Tenancy & Financials:
Gross Income (PA): £49,440
Total Expenses (PA): £8,431.80
Net Income (PA): £41,008.20
Gross Yield: 11.8%
Net Yield: 9.8%
Location Information:
Situated on the popular Poolstock Lane, this property offers excellent transport connectivity and local amenities:
Wigan Town Centre: Under 1 mile
Wigan North Western Station: Direct links to Manchester & Liverpool
Robin Park Retail & Leisure Complex: Minutes away
M6 & M58 Motorways: Quick access for commuters
Consistently strong rental demand from professionals
Agent Details
Pure, Manchester
0161 524 5533
Next Steps?
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