Leigh, WN7 5JE | Investment Property for Sale | VES-WN7-001

Opportunity to purchase a HMO in Leigh with the potential to generate £18,180 rent pa

£154,000

HMO Terraced House

VES-WN7-001

INITIAL INVESTMENT

£69,300

GROSS RENT / YIELD

£18,180 / 11.8%

NET RENT / YIELD

£13,964 / 9.1%

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The property

TENANCY

Vacant

TENURE

Freehold

5 bedrooms

1 bathroom

1 reception room

1,305

Unfurnished

Property information

  • Spread over 3 floors
  • 5-bed HMO
  • Separate kitchen and lounge/dining room
  • Kitchen leads out into the courtyard
  • EPC rating E

Potential rental income

Once fully let the property can achieve:

  • Aggregate monthly income: £1,515
  • Aggregate annual income: £18,180

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£18,180

Equivalent of £1,515 per calendar month (PCM).

GROSS RENTAL YIELD

11.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£13,964

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

9.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,216

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Leigh, Greater Manchester

Leigh is a town in the Metropolitan Borough of Wigan, Greater Manchester. It lies about 8 miles southeast of Wigan and around 10 miles west of Manchester.

The A580 runs past Leigh connecting it to Manchester and the M6, M60, M61, M62 motorways, making it a perfect location for commuting to Wigan, Bolton, Warrington and Manchester.

Leigh’s closest railway station is in Atherton and lies on the Manchester to Southport Line.

The local landmarks include the red sandstone parish church, Leigh Town Hall and its associated shops on Market Street. Nearby Pennington Flash Country Park is a nature reserve with over 230 bird species and is ideal for long walks, cycling and horse-riding. It also has a nine-hole golf course, kids play area, picnic areas and there are options to fish, windsurf, sail and row.

With Leigh’s close proximity to Wigan and Manchester it’s easy to head to either city for shopping and entertainment.

Westleigh Lane,

Leigh,

Greater Manchester,

England,

WN7 5JE

What makes us different?

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Questions?

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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