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16 bedroom end of terrace house for sale
Humphrey Street, Wigan, Greater Manchester, WN2
£1,000,000
Humphrey Street, Wigan, Greater Manchester, WN2
£1,000,000
Our Summary
- The property has undergone significant refurbishment and asset management improvements, resulting in near-full occupancy and strong rental growth potential
- This property represents an exceptional turnkey investment with robust cash flow and further uplift opportunity as rents continue to rise toward forecast levels
- Full HMO licence and planning approval in place
Description
This investment property is a 16-bedroom licensed HMO located in Wigan, currently occupied by 14 tenants, with a gross annual rent of £90,046.32. The property has undergone significant refurbishment and asset management improvements, resulting in strong rental growth potential. The financial performance shows a current total monthly rent of £7,503.86, with a forecast of £8,750.00 monthly rent, representing a significant increase. The tenants contribute to utilities through individual meters, covering gas, electricity, water, council tax, internet, and cleaning, ensuring consistent net yields and reduced landlord overheads. The property represents a turnkey investment with robust cash flow and further uplift opportunity as rents continue to rise.