Castlehill Road

Property Overview

An exceptional investment opportunity in the heart of Hindley, Wigan, this fully licensed 6-bedroom HMO (House in Multiple Occupation) offers a proven rental income of £40,000 per annum.

The property has been professionally converted under permitted development rights with full building control sign-off and all building regulations in place. Spanning four spacious floors, it has been designed specifically for modern HMO living, ensuring maximum tenant appeal and minimal void periods.

• 6 Bedrooms – All with Private En-suites
• Modern Kitchen in the basement
• Stylish Communal Living Room on the ground floor
• Freehold Property – No ground rent or leasehold restrictions

Financial Performance

Gross Rental Income:

• £40,000 per annum

Monthly Outgoings:

• Internet: £25
• Council Tax: £158
• Electric: £127
• Gas: £334
• Water: £45
• TV Licence: £14.50
  Total Monthly Costs: £703.50
  Annual Costs: £8,442

Net Annual Income:

£40,000 – £8,442 = £31,558

Return on Investment:

• Asking Price: £350,000
• Net Yield: 9.01%

A yield of over 9% makes this property a high-performing investment, outperforming many comparable HMOs in the region.

Why Invest in Hindley?

Hindley is a fast-developing area within Greater Manchester and Wigan, increasingly popular with renters due to its:

• Excellent Transport Links – Direct rail to Manchester, Bolton, and Wigan.
• Strong Rental Demand – Driven by young professionals, contractors, and students seeking affordable, high-quality accommodation.
• Ongoing Regeneration – Wigan and surrounding areas are benefiting from substantial investment, pushing property values upward.
• Rising Property Prices – The local HMO market continues to see rental appreciation, ensuring long-term growth for investors.

With demand for high-specification ensuite rooms at an all-time high, this property offers excellent tenant retention and minimal vacancy risk.

Key Highlights

✔ Fully licensed 6-bed HMO
✔ All bedrooms with private ensuites
✔ Freehold property – split over 4 floors
✔ Building regs & permitted development sign-off
✔ £40,000 annual gross rental income
✔ Net yield: 9.01%
✔ Prime location in high-demand rental area

Get in touch with the team