2 Bed Semi-Detached House, Public Notice, Wigan, WN3 5RB, £105,000

313 Poolstock Lane, WN3 5RB - 11 views - a year ago

Leasehold
Cash
ROI: 2%
~74 m²
+3 photos

ValuationUndervalued

Sold Prices£82.5K - £215K
Sold Prices/m²£1.2K/m² - £2.8K/m²

 

 

Square Metres

~74 m²
Price/m²£1.4K/m²

Value Estimate

£108,150
BMV3%

 

 

End Value (After Refurb)

£132,303

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£31,321

Bridging Loan Interest

£2,756

Total Cash In

£66,427

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,303

Mortgage (After Refinance)

£99,227

Mortgage LTV

75%

Cash Released

£20,477

Cash Left In

£45,950

Equity

£33,076

Rent Range

£595 - £2,450

Rent Estimate

£713

Running Costs/mo

£576

Cashflow/mo

£137

Cashflow/yr

£1,643

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £82.5K to £215K, average is £125K. £1.2K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K11/200.12 mi288, Poolstock Lane, Wigan, Greater Manchester WN3 5JE2
£140K07/230.13 mi399, Poolstock Lane, Wigan, Greater Manchester WN3 5RB2
£145K02/230.14 mi29, Kingsley Avenue, Wigan, Greater Manchester WN3 5LP2
£125K02/240.14 mi15, Kingsley Avenue, Wigan, Greater Manchester WN3 5LP2
£140K04/230.15 mi54, St Pauls Avenue, Wigan, Greater Manchester WN3 5LL2
£168K08/210.19 mi13, Marus Avenue, Wigan, Greater Manchester WN3 5QR2
£112.5K05/210.2 mi29, Raithby Drive, Wigan, Greater Manchester WN3 5PY2
£122K03/230.2 mi31, Raithby Drive, Wigan, Greater Manchester WN3 5PY2
£161K03/240.22 mi8, Ruskin Avenue, Wigan, Greater Manchester WN3 5LN2
£175K12/230.26 mi26, Chelmsford Drive, Wigan, Greater Manchester WN3 5JY2
£176K07/230.26 mi22, Chelmsford Drive, Wigan, Greater Manchester WN3 5JY2
£177K12/230.28 mi31, Coppice Drive, Wigan, Greater Manchester WN3 5QS2
£120K08/210.28 mi6, Coppice Drive, Wigan, Greater Manchester WN3 5QS2
£92K12/200.28 mi436, Warrington Road, Wigan, Greater Manchester WN3 6QF2
£183K02/230.33 mi6, Mayfair Drive, Wigan, Greater Manchester WN3 5QX2
£125K08/210.36 mi49, Sefton Road, Wigan, Greater Manchester WN3 6QU2
£145K12/220.4 mi696, Warrington Road, Wigan, Greater Manchester WN3 6XN2
£95K01/240.44 mi3, Adams Drive, Wigan, Greater Manchester WN3 5UH2
£215K10/220.45 mi16, Malham Avenue, Wigan, Greater Manchester WN3 5PR2
£90K05/210.45 mi1, Baucher Road, Wigan, Greater Manchester WN3 5UJ2
£150K02/210.49 mi20, Darley Road, Wigan, Greater Manchester WN3 5PG2
£105K10/230.5 mi29, Longfellow Close, Wigan, Greater Manchester WN3 5YB2
£92K05/210.5 mi14, Longfellow Close, Wigan, Greater Manchester WN3 5YB2
£100K03/210.5 mi11, Mottram Drive, Wigan, Greater Manchester WN3 5EA2
£123.5K05/210.52 mi1, Poolstock Lane, Wigan, Greater Manchester WN3 5DX2
£106K09/230.52 mi77, Little Lane, Wigan, Greater Manchester WN3 6PZ2
£138K12/230.52 mi95, Little Lane, Wigan, Greater Manchester WN3 6PZ2
£138K07/230.52 mi20, Sudbury Close, Wigan, Greater Manchester WN3 5PN2
£135K06/210.54 mi10, Jupiter Grove, Wigan, Greater Manchester WN3 6SR2
£135K06/230.55 mi7, Stanedge Grove, Wigan, Greater Manchester WN3 5PL2
£126K05/230.55 mi40, Stanedge Grove, Wigan, Greater Manchester WN3 5PL2
£125K08/230.55 mi18, Stanedge Grove, Wigan, Greater Manchester WN3 5PL2
£97K03/210.55 mi16, Stanedge Grove, Wigan, Greater Manchester WN3 5PL2
£120K01/240.55 mi36, Stanedge Grove, Wigan, Greater Manchester WN3 5PL2
£130K12/230.56 mi14, Alma Grove, Wigan, Greater Manchester WN3 6SS2
£95K08/230.57 mi2, Holborn Avenue, Wigan, Greater Manchester WN3 5EG2
£95K10/210.58 mi34, Poolstock Lane, Wigan, Greater Manchester WN3 5DY2
£123K06/230.59 mi58, Anthorn Road, Wigan, Greater Manchester WN3 6UF2
£127K12/200.59 mi65, Anthorn Road, Wigan, Greater Manchester WN3 6UF2
£125K04/210.59 mi52, Anthorn Road, Wigan, Greater Manchester WN3 6UF2
£125K11/210.61 mi10, Morton Avenue, Wigan, Greater Manchester WN3 5EL2
£126K01/230.61 mi5, Morton Avenue, Wigan, Greater Manchester WN3 5EL2
£117K06/210.61 mi9, Morton Avenue, Wigan, Greater Manchester WN3 5EL2
£82.5K07/230.62 mi19, Holborn Avenue, Wigan, Greater Manchester WN3 5EJ2
£140K06/210.62 mi30, Garside Grove, Wigan, Greater Manchester WN3 6ST2
£172K02/230.62 mi1, Garside Grove, Wigan, Greater Manchester WN3 6ST2
£88K09/210.65 mi18, Grange Avenue, Wigan, Greater Manchester WN3 5EN2
£122K06/230.65 mi16, Grange Avenue, Wigan, Greater Manchester WN3 5EN2
£84K06/210.65 mi12, Grange Avenue, Wigan, Greater Manchester WN3 5EN2
£93.5K02/210.65 mi26, Grange Avenue, Wigan, Greater Manchester WN3 5EN2

Local Rents

33 rents from £595/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£95003/250.29 mi-2
£79511/240.37 miFulbeck Avenue, Wigan2
£87511/240.43 mi-2
£75012/240.47 mi-2
£77501/250.52 mi-2
£89501/250.67 mi-2
£79511/240.81 mi-2
£79511/240.83 miErradale Crescent, Wigan, WN32
£65011/240.85 miWestminster Street, Newtown2
£79504/250.86 mi-2
£60011/240.87 miRednal Walk, Poolstock, Wigan, WN3 5HF2
£79511/240.88 mi-2
£80003/250.89 mi-2
£69511/240.9 mi-2
£69511/240.9 miCampbell Street, Wigan, WN52
£72511/240.94 mi-2
£75011/240.94 mi-2
£59504/250.94 mi-2
£77511/240.96 mi-2
£75011/230.97 mi-2
£67511/240.98 mi-2
£69511/240.98 mi-2
£67511/240.98 mi-2
£95002/250.98 mi-2
£72512/241.03 mi-2
£75011/241.06 miEnfield Street, Wigan, Greater Manchester, WN52
£82511/241.1 mi-2
£75011/241.13 miWharfside, Heritage Way, Wigan, WN32
£70011/241.13 miWharfside, Heritage Way, Wigan, WN32
£75011/241.13 miHeritage Way Wigan2
£2,45004/251.13 mi-2
£69511/241.16 miScot Lane, Newtown, Wigan, WN52
£70011/241.19 mi-2

Local Area Statistics

Population in WN3

30,089

Population in Wigan

214,929

Town centre distance

1.02 miles away

Nearest school

0.30 miles away

Nearest train station

0.94 miles away

 

 

Rental growth (12m)

+48%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £105,000

January 23, 2024

Floor Plans

Description

  • Cash Buyers Only +
  • Two Bedrooms +
  • Semi-Detached +
  • Rear Garden +
  • No Chain +

PUBLIC NOTICE  313 Poolstock Lane, WN3 5RB We are acting in the sale of the above property and have received an offer of £115,000 Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place EPC Rating G Cash Buyers Only.

Offered for sale with no onward chain is this two bedroom semi-detached property situated on Poolstock Lane which is within close distance to Wigan Town Centre, as well as being conveniently located for local schools, amenities and transport links.

The property comprises of spacious entrance hallway leading to a good sized lounge through diner and a extended kitchen area that has the potential to be finished off to your own taste. To the first floor are two good sized bedrooms and a bathroom that has been started and is ready to be completed to your own liking.

Externally the property benefits from driveway parking to the front and side gate with access to the rear garden and paved patio area.

Please call us to secure your viewing today.

  • Leasehold

  • 913 years left on the lease.

  • £3.25 per annum ground rent.

EPC Rating: G

Agent Details

Ashtons Estate Agency, Ashton-In-Makerfield

01942 925822

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪