- HMO property investment +
- 6 bedrooms and 6 bathrooms +
- Currently generating a gross return of £47,340 per annum +
- Net yield of 9.0% +
- Finished to a high standard +
- Within the new article 4 direction +
- HMO licence in place +
Pure Investor brings to the market this fantastically finished 6-bedroom HMO property in Hindley, Wigan. Each bedroom has an en-suite bathroom with tenants also benefitting from communal areas that would be at the envy of most owner occupiers. Situated in Hindley and about 12 miles to the west of Salford, this home is located less than a mile from Hindley Station and 3 miles from junction 6 of the M61 motorway.
Tesco supermarket (less than 1 minute walk) and an Asda supermarket (less than a mile away) are within easy reach. There are 2 stations within walking distance - Hindley is around 1 mile away and Ince is approximately 1.0 mile away. The nearest airport is Liverpool John Lennon Airport (17.0 miles). The nearest hospital is Royal Albert Edward Infirmary (2.5 miles).
This HMO is fully tenanted, and has been finished to an exceptional standard throughout. Excellent build quality is clearly evident throughout the property, and all interiors have been stylishly finished and designed to appeal to more discerning tenants looking for professional co-living space rather than standard HMO style accommodation.
For investors seeking a more hands-free solution, we work with a reputable HMO lettings and property management specialist, who would be delighted to work with the new owners.
Investment Information
Address: 16 Cross Street, Hindley, Wigan, WN2 3AT
Asking Price: £440,000.00
Number Of Bedrooms: 6
Number Of Bathrooms: 6
Mid-terrace property
On-street parking.
Freehold
Sqm: 164
EPC - 'C'
SUI Generis Planning Granted - Yes
The HMO is currently self-managed.
A valid HMO licence is in place for up to 10 people.
Finished to one of the highest specs we have seen for an HMO property.
Finances
Total Annual Gross Income: £47,340.00
Total Annual Running Costs: £8,431.80
Total Net Income: £38,908.20
Gross Yield: 10.75%
Net Yield: 8.9%