Overview
6 bedroom fully-licenced HMO property for sale in Wigan, currently generating £50,940.00 gross (£43,168.00 net) per annum.
This recently refurbished property is so much more than the traditional HMO, embracing the demand for modern-day, high-specification contemporary co-living space.
The property itself is well considered and thought out, and designed to cater for the more discerning tenant.
Subsequently, Alker Street offers landlords the opportunity to capitalise on this rapidly expanding sector of the HMO property market.
Alker Street - 6 Bedroom HMO Property
High-specification co-living design
All bedrooms include ensuite facilities
Sui Generis planning approved
Total annual gross income: £50,940.00
Total annual running costs: £7,771.80
Total net income: £43,168.20
Gross yield: 12%
Net Yield: 10%
Alker Street - Location
Close proximity to central Wigan
High local rental demand
Close proximity to both Manchester and Liverpool
Highlights
- High Yield HMO Property
- 12.0% gross rental yield
- Sui Generis Planning Approved
- Fully Licenced HMO Property
- Exceptional Finish Throughout
Property Details
- Price: £430,000.00
- Location: Wigan
- Region: Greater Manchester
- Country: United Kingdom
Reservation:
£2,000 reservation fee (takes the unit off the market)
Broker Fee 6%
Exchange though solicitor
Completed project
Mortgage or cash
Amenities
Risk management & compliance, when approached strategically, have the potential
- 6 Bedroom HMO
- Ready tenanted
- Total annual gross income: £50,940.00
- Total annual running costs: £7,771.80
- Total net income: £43,168.20
- Net Yield: 10%
- Asking price £430,000
- Cash or mortgage purchase
- Region: Greater Manchester
- Fully Licenced HMO Property
- Close proximity to central Wigan
- High local rental demand
- All bedrooms include ensuite facilities