High-yield, fully let HMO in commuter-friendly Ashton-on-Ribble.
- Six-bedroom HMO producing approx. £28,560 gross annually
A six-bedroom HMO in Ashton-on-Ribble offered as a freehold investment with strong rental history. The property currently generates approximately £28,560 gross per year (around 11.9% gross yield at the asking price), and comes fully let to six tenants on ASTs — providing immediate income for a buy-to-let portfolio.
The house is a Victorian semi-detached with character features and bay windows, gas central heating, and double glazing installed after 2002. Accommodation includes six let bedrooms, a communal fitted kitchen and a single shared bathroom; total floor area is about 1,314 sq ft with a small garden. Location is practical for tenants with good bus links, nearby shops, and several schools close by.
Important considerations: the property sits in a very deprived area with a higher local crime rate, and the EPC is rated E. There is only one bathroom for six rooms and the cavity walls are assumed to lack insulation — both factors that may require investment to improve comfort, compliance and marketability. Management responsibility continues with tenants in situ, so viewings and transfer require coordination.
This is a clear specialist purchase for investors seeking immediate rental income and potential upside from refurbishment and energy upgrades. The combination of established tenancy, strong local rental demand and a compact plot makes it suitable for landlords who can manage an HMO in a higher-need neighbourhood and are prepared to budget for modernization and compliance works.