Humphrey Street

Ince, Wigan

£999,950

  • 16 Bed & 16 Ensuite HMO Property Split Over Two Floors With Two Communal Kitchens
  • Current Annual Rental Income of £90,046.32
  • Generating a Net Yield of 9.0%
  • Individual Utility Contribution Meters Installed Where Tenants Pay For Bills
  • Around £50,000 Worth of Work Spent On Modernising The Development

For more information please contact our team:

0161 337 3890

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High-Yield 16-Bed HMO Investment Opportunity | Asking Price £999,950 | Net Yield of 9.0%

Investment Overview

Address: 6 Humphrey Street, Ince, Wigan, WN2 2HS
Type: 16-Bedroom Licensed HMO
Tenure: Freehold
Current Occupancy: 14 of 16 rooms let

A substantial, fully licensed 16-bedroom HMO located in the heart of Wigan. The property has undergone significant refurbishment and asset management improvements, resulting in near-full occupancy and strong rental growth potential.

This property represents an exceptional turnkey investment with robust cash flow and further uplift opportunity as rents continue to rise toward forecast levels.

Financial Performance
Metric Current (Sept 2025)
Gross Annual Rent

Total Monthly Rent When Full: £7,503.86pcm (annually £90,046.32)
Forecast Monthly Rent: £8,750.00pcm (annually £105,000)

Tenants now contribute to utilities through individual Utility Contribution Meters, covering:

  • Gas
  • Electricity
  • Water
  • Council Tax
  • Internet
  • Cleaning

This model ensures consistent net yields and reduced landlord overheads.

Tenancy Schedule (as of September 2025)
Room Status AST Start AST End Current Rent
1 Occupied   15/08/25   14/02/26

£425

2 Occupied   28/03/25   27/09/25

£500

3 Occupied   07/10/25   07/10/25

£500

4 Occupied   11/08/25   10/02/26

£450

5 Vacant

£450

6 Occupied   01/08/25   31/01/26

£450

7 Occupied   28/08/25   27/02/26

£450

8 Occupied   11/08/25   10/02/26

£450

9 Occupied

£475

10 Occupied   09/10/25   09/10/25

£553.86

11 Occupied   18/07/25   17/01/26

£450

12 Vacant

£500

13 Occupied   29/04/25   28/10/25

£475

14 Occupied   02/06/25   01/12/25

£450

15 Occupied   30/05/25   29/11/25

£450

16 Occupied   14/05/25   14/11/25

£475

Recent Works Completed (£50,850 Total)
Description Cost
Communal painting £900
Replacement kitchen appliances £2,200
Rubbish removals £1,400
Painting to 12 rooms £7,200
Bespoke fitted wardrobes & desks (16 rooms) £22,400
New beds & mattresses (12 rooms) £3,600
Installation of 16 utility contribution meters £4,800
Roof works incl. scaffolding £4,400
Bathroom regrout & silicone (3 rooms) £1,950
Fire compliance works incl. signage £700
Deep cleaning of 13 rooms £1,300
Total Works £50,850
Investment Highlights
  • Fully licensed 16-bed HMO
  • Near full occupancy with professional tenants
  • Individually metered utilities – tenants cover running costs
  • Recently refurbished throughout
  • Strong rental uplift potential within 12 months
  • Managed by experienced HMO specialists
Summary

6 Humphrey Street offers a rare opportunity to acquire a high-yielding, newly optimized HMO asset in a strong rental market. With modern management systems, improved amenities, and a proven rent increase trajectory, the property is positioned for stable long-term returns and capital growth.

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