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Super 9 Bed Pro HMO

Springfield St, Wigan WN1
Asking Price
£TBC
Gross Yield
TBC%
9
9
9
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Overview

InvestmentTBC
Gross£57.2K/12.1%
Net£47.0K/9.9%
RegionNorth West
TenantProfessional
SPV HeldN/A
ManagementSelf Managed
TenancyMulti Tenancy (AST)
LicenseYes
Bedrooms9
Bathrooms9
Occupants9

Description

This nine-bedroom professional HMO property at Springfield Street in Wigan presents a strong investment opportunity. It is fully let, generating a monthly rental income of £4,770, which amounts to £57... Sign up to view full details.

Highlights

Strong Rental Demand
Transport Links
Shared Kitchen
Double Glazing
Gas Central Heating
Off-Road Parking

Financials

MonthlyAnnual
Gross Rent£4,770£57,240
Utilities£140£1,680
Management£716£8,586
Net Rent£3,915£46,974

Mortgage

Estimate mortgage costs with a few assumptions (LTV, rate, term). Rates and LTV vary by lender.

Payment
Rate
70%
5.5%
25y
Loan
£TBC
Deposit
£TBC
Monthly Payment
£TBC
Repayment
Est. Rent / mo
£4,770

This is for illustrative purposes only. Always obtain professional & qualified advice for HMO mortgages. For more information on HMO mortgages click here.

Property

Property TypeHouse
Sub TypeEnd Of Terrace
TenureFreehold
ConstructionBrick & Tile
ConditionGood
HeatingGas Central Heating
Double GlazingFull
No Storeys4
GarageNone
GardenNone
ParkingNone
No Parking spaces0
Listed BuildingNo
Current EPC Rating61D
Potential EPC Rating77C
Sq Ft2,400 Sq Ft

Management

HMO Management TypeSelf Managed
Monthly Management£716
Management Rate15%

Management Notes

HMO Management for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Management click here.

Rentals

Tenant typeProfessional
Tenancy TypeMulti Tenancy (AST)
12 Month Occupancy100
OccupancyFully Let
No of Units9
No of Occupants9
TypeOcc.StatusAmount
1. Double Room / Ensuite—Let£530
2. Double Room / Ensuite—Let£530
3. Double Room / Ensuite—Let£530
4. Double Room / Ensuite—Let£530
5. Double Room / Ensuite—Let£530
6. Double Room / Ensuite—Let£530
7. Double Room / Ensuite—Let£530
8. Double Room / Ensuite—Let£530
9. Double Room / Ensuite—Let£530
Total—£4,770

Operating Costs

GasN/A
WaterN/A
WifiN/A
ElectricN/A
Cleaner£40
TV licenseN/A
Insurance£100
Council TaxN/A
Total£140

HMO Utilities for incoming buyers is not mandatory, but recommended. For more information surrounding HMO Utilities click here.

HMO Licensing

HMO License RequiredYes
HMO License TypeMandatory
HMO License in PlaceYes
HMO License ExpiryN/A
HMO Licensing CostN/A
No of Persons9
Units of Accommodation9
AuthorityWigan, Council
Authority URLN/A
Planning Use ClassN/A

Floorplans

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Virtual Tour

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Springfield St, Wigan WN1· WN1 2NA

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