5 Bedroom HMO Property

Pure Investor brings to the market this high-specification 5-bedroom (5 bathroom) HMO property in Newton, Wigan. The property is fully tenanted, and currently generates a gross rental income of £38,280.00 (£30,388.00 NET rental) per annum.  

Each bedroom has an en-suite bathroom, with tenants also benefit from communal areas that would be at the envy of most owner occupiers. Situated in Newtown and about 25 miles to Manchester and 18 miles to Liverpool, this home is located less than a mile from Pemberton Station and 1.9 miles from junction 26 of the M6 motorway. The home is about 0.4 miles from the nearest Aldi, and there is also an Asda supermarket (less than 1 mile away) within easy reach.. The nearest airport is Liverpool John Lennon Airport (17.0 miles). The nearest hospital is Royal Albert Edward Infirmary (2.5 miles).

Investment Information
Address: 282 Ormskirk Road, Pemberton, Wigan WN5 9DA
Asking Price: £325,000.00
Number Of Bedrooms: 5
Number Of Bathrooms: 5
Mid terrace property
On-street parking
Freehold
Sqm: 132
Sui Generis Planning Granted - Yes
The HMO is currently self-managed.
Valid HMO licence is in place for up to 7 people.
Finished to one of the highest specs we have seen for an HMO property.
Total Annual Gross Income: £38,280.00
Total Annual Running Costs: £7,891.80
Total Net Income: £30,388.20
Gross Yield: 11.7%
Net Yield: 9.35%

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