Park Road

40 Park Road, Wigan, WN6 7AA

6-Bedroom Fully Let HMO Investment | Freehold | Strong Yield

Property Description

40 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%

Property Information

• Address: 40 Park Road, Wigan, WN6 7AA
• Tenure: Freehold
• HMO Licence: In place
• Bedrooms: 6
• Tenancy Status: Fully tenanted
• Garage: Yes (income producing)

Room Breakdown (Weekly Rents)

• Room 1 – £120 pw
• Room 2 – £110 pw
• Room 3 – £125 pw
• Room 4 – £115 pw
• Room 5 – £115 pw
• Room 6 – £115 pw

All rooms are currently occupied, ensuring zero voids at point of sale.

Investment Information

• No planning permission required for current use
• Suitable for investors seeking hands-off income or portfolio expansion
• Strong demand for shared accommodation in the local area

The property has been professionally managed and operated, making it ideal for both experienced investors and those entering the HMO market.

Location – Investment Appeal

Wigan continues to attract strong tenant demand due to its affordable rental market, excellent transport links, and proximity to Manchester and Liverpool.

• Close to Wigan town centre
• Strong employment base and commuter links
• Consistent demand for HMO accommodation
• Attractive yields compared to regional and national averages

The WN6 postcode is particularly popular with working professionals, supporting long-term rental stability.

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.

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