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Ormskirk Road

Wigan, Greater Manchester

£385,000

  • 6 bedroom HMO property
  • All ensuite rooms
  • High current net yield: 10%
  • Immediate income on completion
  • Strong rental income: £3,750pcm
  • HMO licence & planning in place

    For more information please contact our team:

    0161 337 3890

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    Wigan, Greater Manchester

    6 Bedroom HMO | £385,000 | 10% Net Yield
    Investment Figures
    The £550 monthly running costs cover council tax, water, gas, electricity, internet and TV licence.
    Room Rates
    Total: £3,750 pcm / £45,000 per annum
    Property Highlights
    Situated in Pemberton, the property benefits from local shops, bars and restaurants, alongside Pemberton railway station, bus services and convenient access to the M6.
    The surrounding employment base spans healthcare, logistics, manufacturing and retail, providing a broad potential tenant market. Private en-suite rooms and attractive shared spaces offer strong appeal to renters seeking comfortable, convenient accommodation.
    HMO Licensing & Planning
    The HMO licence register includes an entry dated 4 December 2024, describing six en-suite bedrooms with a shared kitchen/diner.
    Planning application A/25/098488/CU (alternative reference PP-13728914) sought a change of use from a six-bedroom, six-person HMO (Use Class C4) to a six-bedroom, seven-person HMO (Sui Generis).
    The application was received and validated on 28 January 2025 and refused on 26 August 2025. The supplied record lists appeal status and appeal decision as “Not Available”.
    The property is marketed here as a six-bedroom HMO; planning approval for seven-person occupation is not represented as granted. Buyers should verify the lawful planning use, permitted occupancy and full HMO licence conditions.
    Why This Investment Stands Out
    At the asking price, the supplied room rates deliver an 11.69% gross yield, with £38,400 annually remaining after the specified household bills.
    The comprehensive refurbishment, six en-suite bedrooms and included furnishings make this an attractive opportunity for investors seeking a furnished HMO. Six individual room rents provide multiple income streams, while the quality accommodation supports its appeal to prospective tenants.
    The investment figures use the six room rates supplied and do not assume additional income from increased occupancy.

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    Property Price

    Mortgaged

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    £385,000.00

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