Overview

6-bedroom fully licenced HMO property for sale in the Hindley region of Wigan, currently generating £47,340.00 gross (£38,908.00 net) per annum. Each bedroom includes ensuite facilities, with the communal areas all finished to an exceptionally high standard.

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, Cross Street offers landlords the opportunity to capitalise on this rapidly expanding sector of the HMO property market.

Cross Street - 6 Bedroom HMO Property

High-specification co-living design

All bedrooms include ensuite facilities

6 bedrooms

6 bathrooms

EPC Rating - 'C'

Sui Generis planning approved

Valid HMO Licence in place for 10 people

Total Annual Gross Income: £47,340.00

Total Annual Running Costs: £8,431.80

Total Net Income: £38,908.20

Gross Yield: 11.8%

Net Yield: 9.7%

Cross Street, Hindley, Wigan - Location 

• High Yield HMO Property
• Recently refurbished throughout
• All bedrooms ensuite
• Modern day co-living space
• £38,908 net rental income p.a.

Located in the Hindley region of Wigan

High local rental demand Close proximity to both Manchester and Liverpool

Price range:

6 bedroom House £400,000

9.7% net rental

Total Annual Gross Income: £47,340.00

Total Annual Running Costs: £8,431.80

Total Net Income: £38,908.20

Payment Plan:

£2,000 reservation fee (takes the unit off the market)

Broker Fee 6%

Exchange though solicitor 

Completed project 

Mortgage or cash