Often voted the happiest town in Greater Manchester, Wigan has many HMO investment opportunities for buy-to-let landlords like you.
Often voted the happiest town in Greater Manchester, Wigan has many HMO investment opportunities for buy-to-let landlords like you.
HMO stands for ‘House in Multiple Occupation’. For a property to be classed as a HMO, it must be rented by at least three people from separate households, and the tenants must share communal facilities like the bathroom or kitchen.
For buy-to-let landlords, investing in a HMO property comes with many appealing advantages:
Before investing in a HMO, it’s important to understand what may be required of you.
Most HMOs require a licence. You will need to obtain a HMO licence if the property in question falls under the following stipulations:
Read HMO licencing advice from Wigan Council.
To convert a property into a HMO, you may be required to obtain planning permission.
Read about planning permission in Wigan.
If you’re going to set up a HMO, it’s important to have an idea of what the future may look like for Wigan and surrounding areas. This includes researching infrastructural and environmental plans.
Furnishing Packs
To save landlords time, money, and help get their lets off to a great start, we supply a range of great value furniture, soft furnishings, and kitchen packs.
Utilising our bulk buying power, we can help you fully furnish your lets with affordable, high-quality, and legally compliant furnishings and kitchen equipment that will impress your tenants and increase your rental value.
Ask us for a quote TODAY!
Acquisitions
Take the leg and guesswork out of identifying and sourcing rental property with our acquisition services. When you’re looking to invest in single or HMO property we can provide you with unprecedented access to off-market opportunities via our network of landlord vendors.
All you need to do is provide us with your purchasing criteria and we will source a selection of appropriate properties to meet your needs.
Sales
When it comes to disposing of your investment property, with or without tenants in situ, we provide a complete sales and marketing service. Plus, with our database of registered investors looking for rental investment opportunities, we can make the process a swift and seamless transaction.
Tailormade Services to Fit Your Needs
Whether you want to be a hands-on landlord or you want to relax, knowing your HMO is in good hands and producing an income, we can help you create the perfect service to fit your needs.
Here at Northwood, we offer a range of lettings services for landlords in Wigan.
From our popular Guaranteed Rent Service, to our handy Tenant Finder Service, you can count on us to find a solution that perfectly suits your needs and lifestyle.
If you’re considering letting a HMO in Wigan, we can help to:
If you’d like to find out more about HMO investment, contact us today on 01942 321305.