Wigan HMO House
Wigan WN6
Location8.25%
NET Yield£210,000
Priced at
HMO Houses Wigan
Fresh Invest is delighted to release a superb high spec, fully furnished HMO House located in Wigan.
- 6 Bed HMO House
- Annual NET Yield of 8.25%
- Full Furniture Pack Included
- Just over 0.5 miles into Central Wigan
- Opportunity to Invest in the “Northern Greenbelt”
- Priced at just £210,000
THE INVESTMENT
An opportunity to purchase a full “turn key” investment property where the refurbishment, tenancy and management is all taken care of.
Sourcing, Purchasing, Converting and Managing an HMO is a laborious project and one which should only be undertaken by professionals. By working with our investors we have structured an investment in high yielding HMO houses in significant growth areas.
This property will be sold fully refurbished and tenanted with a full furniture pack included.
THE AREA
Part of the North West ‘Green Belt’, Wigan’s surface area features an impressive 70 percent of wide-open space. With a grand total of seven different nature reserves, Wigan is one of the North West’s more naturally inclined locales making it a hot spot for outdoor enthusiasts from up and down the country.
With such a vast amount of space at its disposal and in a time of such great regional prosperity, development isn’t a question of if, but when. Wigan’s population extends beyond 318,000 making up for 12% of Greater Manchester’s entire population.
With such a dense population, the area calls upon a wide and varied workforce making it a valuable attribute to the North West in general.
THE FINANCIALS
- Purchase Price – 210,000
- Average Monthly Rent/Room – £325
- Total Average Monthly Rent – £1,950
- Gross Income – £24,000
- Costs Per Annum – £6,672
- NET Income – £17,328
- Gross Yield – £11.4%
- NET Yield – 8.25%
COST BREAKDOWN
- Letting Fee’s (8%) – £1,920
- TV & Internet – £756
- Utilities – £2,316
- Council Tax – £1,680