- Fully let 6-bed licenced HMO generating immediate income from day one +
- Strong net yield of approx. 9.3% with £29,370 net annual income +
- Freehold property with no planning permission required for current use +
- Additional garage income enhancing overall returns +
- High-demand WN6 location with consistent HMO tenant demand and strong rental stability +
Park Road, Wigan, WN6 7AA
6-Bedroom Fully Let HMO Investment | Freehold | Strong Yield
Property Description
Park Road is a well-established 6-bedroom HMO investment property, ideally positioned within a popular residential area of Wigan. The property is fully let to six unrelated tenants and is operated as a compliant small HMO, offering an investor immediate income from day one.
The property is arranged to maximise rental performance while maintaining strong tenant demand. It also benefits from an additional income stream via a separately charged garage, enhancing overall returns.
An HMO licence is in place, and the property has been successfully operated as a six-bedroom shared house without the requirement for planning permission, providing peace of mind for prospective purchasers.
Returns, Outgoings & Investment Numbers
Asking Price: £315,000
Rental Income
* Total room income: £36,400 per annum
* Garage income: £500 per annum
Total Gross Annual Income: £36,900 per annum
Outgoing Costs (Annual)
* Council Tax: £2,160
* Gas & Electricity: £3,863
* Water: £743
* Internet: £590
* TV Licence: £174
Total Annual Outgoings: £7,530
Net Income
* Net Annual Income: £29,370
* Gross Yield: Approx. 11.7%
* Net Yield: Approx. 9.3%
Summary
* Fully let 6-bed HMO
* Freehold investment
* HMO licence in place
* No planning required
* Net income of approximately £29,370 per annum
* Strong yields with immediate income
* Additional garage income
* Attractive asking price of £315,000
A turnkey HMO investment offering solid returns and long-term income security.