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6 bedroom terraced house for sale
Poolstock Lane, Wigan, Greater Manchester, WN3
£420,000
Poolstock Lane, Wigan, Greater Manchester, WN3
£420,000
Our Summary
- Property Description: 6 En-Suite Double Bedrooms Fully Furnished to High Standard Contemporary Communal Kitchen & Dining Area Fully Compliant with HMO Fire & Safety Regulations Interlinked Smoke Alarms, Emergency Lighting, Fire Doors Double Glazing & Gas Central Heating Off-Road Parking & Rear Yard High-Spec Renovation - No Immediate Works Required Tenancy & Financials: Gross Income (PA): £49,440 Total Expenses (PA): £8,431
Description
This property is a fully tenanted, high-specification HMO in Wigan, generating strong cash flow and offering a reliable, high-yielding investment opportunity. The property features 6 en-suite double bedrooms, a fully furnished communal kitchen and dining area, and is fully compliant with HMO fire and safety regulations. With a gross annual income of £49,440 and net annual income of £41,008.20, the property offers a gross yield of 11.8% and a net yield of 9.8%. The property is located in a prime area, with excellent transport connectivity and local amenities, including Wigan town centre, Wigan North Western station, and Robin Park retail and leisure complex. With no immediate works required, this turnkey asset is ideal for seasoned investors looking for a hassle-free, high-yielding investment.