Harts House

Wigan, Greater Manchester

£1,250,000

  • 19 Bed, 19 Bath HMO Property
  • Fully Managed & Generating  a Net Yield of 9%
  • Extensive Refurbishment in 2025 Bringing Rental Incomes Up.
  • Expected Rental Income of £134,121.60 When Full, 16 of 19 Rooms Full
  • Split Over Three Floors With Two Communal Kitchens

For more information please contact our team:

0161 337 3890

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Harts House, Barracks Square, Wigan

Exceptional 19-Bed Licensed HMO – Prime Income Producing Asset

Key Financials
Metric Current (Sept 2025)  
Gross Annual Rent £134,121.60
Net Annual Rent (after 15%) £114,003.36
Property Overview

Harts House is a substantial three-storey 19-bedroom HMO situated in the heart of Barracks Square, Wigan — a high-demand professional lettings location benefitting from excellent transport links and proximity to the town centre, major employers, and amenities.

The property has been extensively refurbished in 2025, including key infrastructure, aesthetic upgrades, and efficiency improvements.
With a blend of established tenancies and new ASTs being signed, this asset provides both immediate income and upward rental potential over the next 12 months.

This property is fully compliant with all HMO licensing and fire safety standards and is professionally managed by a specialist operator at 8% + VAT.

Accommodation Schedule
Room Status AST Start AST End Rent (Sep 2025)  
101 Occupied 01/05/25 31/10/25 £600.16
102 Vacant 12/09/25 11/08/26 £575.00
103 Occupied 01/05/25 31/10/25 £575.00
104 Vacant £575.00
105 Vacant 01/10/25 30/09/26 £585.00
106 Occupied 01/05/25 31/10/25 £600.16
201 Vacant 20/09/25 19/09/26 £565.00
202 Occupied 15/05/25 14/11/25 £600.00
203 Vacant £575.00
204 Vacant 01/10/25 28/04/26 £585.00
205 Occupied 01/05/25 31/10/25 £601.00
206 Occupied 01/05/25 31/10/25 £600.00
207 Vacant 01/10/25 30/09/26 £565.00
301 Occupied 01/05/25 31/10/25 £600.16
302 Vacant £575.00
303 Occupied 25/07/25 24/01/26 £600.00
304 Occupied 01/05/25 31/10/25 £600.16
305 Occupied 23/05/25 23/11/25 £600.16
306 Occupied 10/07/25 09/01/26 £600.00

Total Gross Rent: £134,121.60

Capital Improvements (2025)

A total of £40,990 has been invested in high-impact works, significantly improving tenant experience, operational efficiency, and asset longevity.

Works Completed Value (£)
Roofing works and scaffolding £12,500
Full communal painting £3,500
Communal lighting upgraded £1,500
Communal carpets professionally cleaned £1,200
3x communal kitchens repainted £1,800
External jetwash & garden works £950
14x rooms redecorated (walls, ceilings, windows) £7,000
Bathroom re-grout & re-silicone (x14 rooms) £1,050
12x new mattresses £1,800
3x digital locks replaced £250
3x new fridge/freezers installed £750
Energy-saving switches on 26 heaters £1,690
New 450L boosted cold-water system £7,000
Total Investment £40,990

All works were completed between Q1–Q3 2025 by accredited contractors, ensuring a low-maintenance, high-compliance asset.

Location Overview

Barracks Square, Wigan is a thriving rental location benefitting from:

  • Proximity to Wigan town centre, Robin Park retail & leisure complex, and Wigan Wallgate/North Western stations
  • Easy access to M6 motorway and regional employment hubs
  • Growing demand for high-quality professional accommodation
  • Strong capital growth potential in the North West commuter belt
Investment Summary
  • Asset Type: Licensed 19-bed HMO
  • Occupancy: Mix of ASTs and new lets
  • Condition: Excellent – extensive 2025 refurbishment
  • Gross Income: £134,121.60
  • Net Yield: Approx. 9%
  • Management: Fully managed by professional HMO operator (8% + VAT)
  • Asking Price: £1,250,000
Opportunity Overview

Harts House represents a turnkey, income-generating investment in one of the North West’s most consistent HMO markets.
The combination of strong occupancy, fresh upgrades, and future rent growth positions this property as an excellent medium-to-long-term hold or a yield-led portfolio addition.

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