>
6 bedroom semi-detached house for sale
Castle Hill Road, WN2
£340,000
Castle Hill Road, WN2
£340,000
Our Summary
- Property Overview An exceptional investment opportunity in the heart of Hindley, Wigan, this fully licensed 6-bedroom HMO (House in Multiple Occupation) offers a proven rental income of £40,000 per annum
Description
This exceptional investment opportunity is a fully licensed 6-bedroom HMO in the heart of Hindley, Wigan, generating a proven rental income of £40,000 per annum. The property has been professionally converted under permitted development rights, with all building regulations in place, and features six spacious bedrooms, each with a private en-suite, a modern kitchen in the basement, and a stylish communal living room on the ground floor. As a freehold property, there are no ground rent or leasehold restrictions. The financial performance is impressive, with a gross rental income of £40,000, monthly outgoings of £703.50, and a net annual income of £31,558, resulting in a yield of over 9%, making it a high-performing investment opportunity.