Key Investment Highlights:
- Asking Price: £420,000
- Gross Annual Income: £49,440
- Net Annual Income: £41,008.20
- Gross Yield: 11.8%
- Net Yield: 9.8%
- Tenure: Leasehold (length to be confirmed but peppercorn expected)
- Fully Let & Operational
- Licensed HMO
- EPC: C
An excellent opportunity to acquire a fully tenanted, high-specification HMO in a prime Wigan location. This turnkey asset generates strong cash flow and is ideal for seasoned investors looking for a reliable, high-yielding property.
Property Description:
- 6 En-Suite Double Bedrooms
- Fully Furnished to High Standard
- Contemporary Communal Kitchen & Dining Area
- Fully Compliant with HMO Fire & Safety Regulations
- Interlinked Smoke Alarms, Emergency Lighting, Fire Doors
- Double Glazing & Gas Central Heating
- Off-Road Parking & Rear Yard
- High-Spec Renovation — No Immediate Works Required
Tenancy & Financials:
- Gross Income (PA): £49,440
- Total Expenses (PA): £8,431.80
- Net Income (PA): £41,008.20
- Gross Yield: 11.8%
- Net Yield: 9.8%
Location Information:
Situated on the popular Poolstock Lane, this property offers excellent transport connectivity and local amenities:
- Wigan Town Centre: Under 1 mile
- Wigan North Western Station: Direct links to Manchester & Liverpool
- Robin Park Retail & Leisure Complex: Minutes away
- M6 & M58 Motorways: Quick access for commuters
- Consistently strong rental demand from professionals
