Warwick Drive

AT A GLANCE

• Gross yield: 7.1%
• Annual rental income: £12,000
• Agreed rent: £1,000 pcm
• EPC Rating: C

A READY-MADE INVESTMENT – INCOME FROM DAY ONE

42 Warwick Drive is a well-proportioned three-bedroom semi-detached home occupying a generous corner plot in the popular residential area of Hindley, Wigan. The property is offered for sale as a genuine turnkey investment: the current owner-occupiers wish to remain in the home as tenants, and have agreed to rent the property back from the purchaser at £1,000 per calendar month upon completion.

For an investor, this is as clean as a purchase gets. There is no void period, no tenant-find fee, no refurbishment required to let, and no uncertainty over demand – the rent begins the day you complete. Better still, your tenants are the people who have owned, maintained and cared for this house as their own home, giving you a settled, invested occupier from the outset.

THE NUMBERS

• Asking price: £170,000
• Monthly rental income: £1,000 pcm
• Annual rental income: £12,000
• Gross yield at asking price: 7.06%
• Void period on purchase: None – tenanted from completion
• Letting / tenant-find costs: None – tenants in situ

A gross yield in excess of 7% comfortably outperforms the returns typically available from savings accounts and many buy-to-let averages, while the underlying asset – a family-sized semi on a corner plot in an established Wigan suburb – offers scope for long-term capital growth alongside the income.

ACCOMMODATION

Ground Floor:

• Reception Room One – principal living room
• Reception Room Two – dining room / second sitting room
• Large L-shaped kitchen with ample storage and workspace
• Downstairs wet room – a practical and accessible addition

First Floor:

• Bedroom One – double
• Bedroom Two – double
• Bedroom Three
• Family bathroom

KEY FEATURES

• Three-bedroom semi-detached on a sought-after corner plot
• Two generous reception rooms offering flexible living space
• Large L-shaped kitchen
• Downstairs wet room plus first-floor family bathroom – two washrooms in total
• EPC Rating C – an efficient, economical home that meets current rental energy standards with headroom to spare
• Sitting tenants (the current owners) in place at £1,000 pcm from completion
• 7.1% gross yield at the asking price – income from day one

LOCATION – HINDLEY, WIGAN

Hindley is a well-established and consistently popular rental area on the eastern side of Wigan. The property sits within easy reach of local shops, schools and amenities, with Hindley railway station providing direct services towards Manchester and Wigan, and swift road access to the M61 and the wider North West motorway network. Strong transport links and family-friendly surroundings underpin dependable tenant demand – a key ingredient in the long-term security of the rental income.

WHY INVESTORS SHOULD ACT

Tenanted stock of this quality rarely stays on the market long. With a committed occupier, a 7%+ gross yield, a C-rated energy performance and a substantial corner-plot semi as the underlying asset, 42 Warwick Drive offers the rare combination of immediate income, low hassle and long-term growth potential. Early viewing and offers are strongly encouraged.