Summary - 4 HUMPHREY STREET INCE WIGAN WN2 2HS
16 bed 16 bath End of Terrace
High-yield, licensed HMO with immediate cash flow and rental upside for active investors.
Freehold 16-bed, 16-en-suite licensed HMO with planning approval
Current gross annual rent c. £90,046; forecast £105,000 in 12 months
Net yield reported at 9.0% (based on asking price £1,000,000)
Individual utility contribution meters — tenants pay their own bills
Recently modernised; c. £50,000 spent on improvements
Occupancy currently 14 of 16 rooms — two rooms vacant to let
Area described as very deprived and locally challenged — affects demand/management
Requires active HMO management and tenant turnaround planning
A large, fully licensed 16-bedroom HMO in Ince, Wigan, presented as a near turn-key investment. The property is freehold, recently modernised with just over £50,000 spent, and currently produces a gross annual rent of c. £90,046 with a reported net yield of 9.0%. Individual utility contribution meters reduce landlord overheads and tenants pay their own bills, supporting predictable cash flow.
Practical investment features include a full HMO licence and planning approval, two communal kitchens across two floors, and current occupancy of 14 of 16 rooms with clear rent-up potential. Forecasts provided estimate gross rent rising to c. £105,000 within 12 months, reflecting recent refurbishment and ongoing rental growth in the area.
Buyers should note material local factors: the area is described as very deprived with local social classification as “challenged white communities.” While crime levels are reported as very low and transport, mobile and broadband connectivity are strong, rental demand and management requirements reflect the neighbourhood profile. There is some re-letting risk until full occupancy is achieved and ongoing HMO management is needed for compliance and tenant turnover.
This property suits an investor seeking an income-generating HMO with immediate cash flow and upside through full occupancy and active asset management. The sale offers a ready platform to stabilise yield, reduce voids, and push rents toward forecasted levels, while accepting the responsibilities of HMO operation in a deprived urban location.
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