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4 bedroom house of multiple occupation for sale
Cecil Street, Wigan, Greater Manchester, WN1
£220,000
Cecil Street, Wigan, Greater Manchester, WN1
£220,000
Our Summary
- 84% Property Overview Introducing a high-yielding investment opportunity in the heart of Wigan - 6 Cecil Street, a refurbished four-bedroom HMO in one of the town's most sought-after residential areas
Description
This high-yielding investment opportunity is a refurbished four-bedroom HMO in the heart of Wigan, offering a gross yield of 11.84%. The property, located on Cecil Street, has been fully converted to provide four ensuite rooms, making it an ideal configuration for long-term rental income. Recently refurbished throughout, the property is vacant and ready for reletting, presenting a turnkey opportunity for new and seasoned investors. With a guide price of £220,000 and an estimated gross annual income of £26,040, this property offers a strong potential for stable, recurring monthly income in a high-demand rental location. The property is a freehold, with no licence required due to its four-bedroom configuration, and is being sold with a net yield of approximately 8.5%. Viewings are available, but the property is currently tenanted and respect for the tenants' right to a peaceful environment is essential.