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4 bedroom house of multiple occupation for sale
Cecil Street, Wigan, Greater Manchester, WN1
£200,000
Cecil Street, Wigan, Greater Manchester, WN1
£200,000
Price History
Initial price | £220,000 |
01/07/25 | £200,000 |
Price Change | -9.09% |
Description
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Here is a summary of the property description in a single paragraph:
This refurbished four-bedroom HMO in Wigan is a high-yielding investment opportunity, offering a guide price of £200,000 and an estimated gross yield of 13%. The property is fully converted and features four ensuite rooms, perfect for long-term rental income. Recently refurbished throughout, it is vacant and ready for reletting, providing a turnkey opportunity for investors. With a strong tenant demand in the area, the property is expected to generate a gross annual income of £26,040, with room-by-room rental breakdowns ranging from £525 to £580 per month. The property is freehold, with estimated outgoing costs of £7,500 per annum, resulting in a net yield of approximately 9.27%. Viewings are available, but the property is currently tenanted and requires respect for the tenants' right to a peaceful environment.