2 Bed Terraced House, Single Let, Leigh, WN7 5NX, £89,950

28A Abbey Lane, Leigh, Greater Manchester, WN7 5NX - 3 views - a year ago

Sold STC
Leasehold
BTL
ROI: 13%
70 m²
+2 photos

ValuationUndervalued

Sold Prices£70K - £280K
Sold Prices/m²£819/m² - £5.6K/m²

 

 

Square Metres

70 m²
Price/m²£1.3K/m²

Value Estimate

£109,739
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£3,899

Total Cash In

£26,386

 

 

Cash Out

 

Rent Range

£540 - £1,650

Rent Estimate

£738

Running Costs/mo

£449

Cashflow/mo

£289

Cashflow/yr

£3,472

ROI

13%

Gross Yield

10%

Local Sold Prices

51 sold prices from £70K to £280K, average is £123.5K. £819/m² to £5.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£90K11/200.02 mi6, Abbey Lane, Leigh, Greater Manchester WN7 5NX2
£165K11/210.06 mi220, Westleigh Lane, Leigh, Greater Manchester WN7 5PN2
£81K01/210.13 mi52, Melrose Avenue, Leigh, Greater Manchester WN7 5PH2
£115K02/230.13 mi43, Melrose Avenue, Leigh, Greater Manchester WN7 5PQ2
£110K08/230.13 mi23, Melrose Avenue, Leigh, Greater Manchester WN7 5PQ2
£280K05/240.16 mi9, Warlow Drive, Leigh, Greater Manchester WN7 5NZ2
£130K06/230.22 mi93, Abbey Lane, Leigh, Greater Manchester WN7 5NU2
£155K03/210.27 mi394, Westleigh Lane, Leigh, Greater Manchester WN7 5PU2
£230K11/220.35 mi17, Sovereign Fold Road, Leigh, Greater Manchester WN7 5HX2
£98K04/210.35 mi126, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£105K07/230.35 mi138, Corner Lane, Leigh, Greater Manchester WN7 5PX2
£148K05/210.38 mi59, Bexhill Drive, Leigh, Greater Manchester WN7 5TQ2
£180K01/240.38 mi53, Bexhill Drive, Leigh, Greater Manchester WN7 5TQ2
£152.5K06/240.39 mi76, Bexhill Drive, Leigh, Greater Manchester WN7 5TG2
£149.9K10/210.43 mi157, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£123K07/230.43 mi69, Smallbrook Lane, Leigh, Greater Manchester WN7 5PZ2
£84.5K11/230.43 mi7, Northwell Street, Leigh, Greater Manchester WN7 5NF2
£147.5K12/200.46 mi16, Aylesbury Crescent, Hindley Green, Wigan, Greater Manchester WN2 4TY2
£89K06/210.48 mi16, Carr Common Road, Hindley Green, Wigan, Greater Manchester WN2 4TD2
£114K12/200.49 mi993, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£125.5K08/210.49 mi983, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£112.5K06/210.49 mi919, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£138K09/230.49 mi951, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£138K09/230.49 mi951, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£134.5K04/240.49 mi979, Atherton Road, Hindley Green, Wigan, Greater Manchester WN2 4TA2
£192K03/240.5 mi20, Colwyn Drive, Hindley Green, Wigan, Greater Manchester WN2 4TX2
£70.2K12/200.5 mi16, Westleigh Lane, Leigh, Greater Manchester WN7 5JE2
£110K06/240.5 mi23, Westleigh Lane, Leigh, Greater Manchester WN7 5JE2
£180K11/230.5 mi52, Cambourne Drive, Hindley Green, Wigan, Greater Manchester WN2 4TU2
£110K04/210.52 mi279, Nel Pan Lane, Leigh, Greater Manchester WN7 5LJ2
£240K08/230.54 mi13, Heathlea, Hindley Green, Wigan, Greater Manchester WN2 4TZ2
£122K07/210.58 mi17, Launceston Road, Hindley Green, Wigan, Greater Manchester WN2 4TQ2
£90K05/210.58 mi93, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XF2
£105K10/210.58 mi40, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£100K10/210.58 mi44, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£102K06/230.58 mi36, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4SZ2
£159.9K02/210.59 mi552, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£185K02/230.59 mi506, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£165K10/230.59 mi550, Wigan Road, Atherton, Manchester, Greater Manchester M46 0GA2
£150K08/240.6 mi2, Hill View, Leigh, Greater Manchester WN7 5JG2
£105K03/230.62 mi333, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£167K12/230.62 mi287, Wigan Road, Atherton, Manchester, Greater Manchester M46 0QA2
£200K07/240.63 mi511, Wigan Road, Leigh, Greater Manchester WN7 5HN2
£117K06/210.63 mi19, Briar Grove, Leigh, Greater Manchester WN7 5QZ2
£123.5K02/230.63 mi35, Briar Grove, Leigh, Greater Manchester WN7 5QZ2
£138K03/210.63 mi112, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£165K04/230.63 mi48, Shelley Street, Leigh, Greater Manchester WN7 5EX2
£80.5K12/200.64 mi263, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£95K03/210.64 mi272, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£70K09/210.64 mi259, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2
£101K12/230.64 mi270, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XG2

Local Rents

50 rents from £540/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£79511/240.35 miCorner Lane, Leigh, Greater Manchester, WN72
£1,05011/240.38 mi-2
£80011/240.42 mi-2
£54011/240.48 mi-2
£75011/240.5 mi-2
£80009/240.56 mi-2
£80011/240.58 miLeigh Road, Wigan2
£76911/240.59 mi-2
£95005/240.65 miWigan Road, Atherton, Manchester2
£89511/240.69 mi-2
£1,65011/240.74 mi-2
£95011/240.75 mi-2
£85004/250.77 mi-2
£82503/250.84 mi-2
£82502/250.87 mi-2
£65012/240.87 mi9, 11 Shalefield Gardens, Manchester, M462
£82511/240.88 mi-2
£75006/240.89 miJohnson Street, Atherton M46 0RB2
£65005/240.91 miLeigh Road, Atherton, Manchester2
£82512/240.94 mi-2
£82504/250.95 mi-2
£75011/241.06 mi-2
£80011/241.08 mi-2
£75011/241.08 mi-2
£89503/251.08 mi-2
£82505/241.08 mi-2
£89502/251.08 mi-2
£87511/241.1 miHilton Park, Leigh, WN7 1RL2
£72511/241.1 miOxford Street, Leigh, Greater Manchester, WN72
£75012/241.12 mi-2
£75012/241.12 mi-2
£75004/251.12 mi-2
£79511/241.13 miBeaumaris Road, Hindley Green2
£79509/241.14 mi-2
£87504/251.15 mi-2
£85003/251.15 mi-2
£99512/241.16 mi-2
£75012/231.17 mi-2
£85012/241.17 mi-2
£89002/251.17 mi-2
£89002/251.17 mi-2
£79503/251.17 mi-2
£82504/251.19 mi-2
£80011/241.2 mi-2
£85011/241.2 mi-2
£75002/251.21 mi-2
£85012/241.21 mi-2
£90003/251.21 mi-2
£1,00003/241.21 miWorthing Grove, Atherton, Manchester2
£75011/241.21 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

190.41 miles away

Nearest school

0.20 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £89,950

February 22, 2024

Sold for £60,000

2007

Sold for £69,000

2007

Sold for £22,000

2002

Description

  • NO ONWARD CHAIN +
  • INVESTMENT OPPORTUNITY +

In further detail the property includes:- On the ground floor: Entrance hall, lounge, dining room and kitchen. Whilst on the first floor there are two bedrooms and bathroom/WC.

The front garden has been converted to provide off road parking.

DIRECTIONS: Sat Nav Ref. WN7 5NX

In further the accommodation comprises:-

GROUND FLOOR:

ENTRANCE HALL

LOUNGE 13'0 (max) x 8'6 (max) Radiator.

DINING ROOM 11'7 (max) x 10'8 (max) Radiator. Door to outside.

KITCHEN 7'11 (max) x 7'8 (max) Fitted with base units and wall cupboards. Inset sink. Oven, hob and extractor hood. Gas fired central heating boiler.

FIRST FLOOR:

LANDING

BEDROOM 12'8 (max) x 12'0 (max) Radiator. Fitted Wardrobes.

BEDROOM 11'0 (max) x 7'8 (max) Radiator. Walk in store cupboard.

BATHROOM Panelled bath with shower fitment over bath and shower screen. Pedestal wash hand basin. Low level Wc. Radiator.

OUTSIDE: The property is garden fronted which has been converted to hardstanding to provide off road parking. Private area to the rear.

TENURE Leasehold. Residue of 999 year Lease.

COUNCIL AND TAX BAND Wigan Council Tax Band A.

VIEWING By appointment with the agents as overleaf.

SERVICES (NOT TESTED) No tests have been made of mains services, heating systems or associated appliances and neither has confirmation been obtained from the statutory bodies of the presence of these services. We cannot therefore confirm that they are in working order and any prospective purchaser is advised to obtain verification from their solicitor or surveyor.

Agent Details

Cooke & Company, Leigh

01942 925627

Next Steps?

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