2 Bed Flat, Single Let, Leigh, WN7 4EY, £85,000

Wilkinson Street, Leigh WN7 4EY - 3 views - 9 months ago

Leasehold

BTL

ROI: 11%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£45K - £165K
Sold Prices/m²	£1K/m² - £2.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.2K/m²
Value Estimate	£103,700£103,700
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£3,750£3,750
Total Cash In	£25,000£25,000

Cash Out
Rent Range	£625 - £995£625 - £995
Rent Estimate	£650
Running Costs/mo	£416£416
Cashflow/mo	£234£234
Cashflow/yr	£2,813£2,813
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

36 sold prices from £45K to £165K, average is £90K. £1K/m² to £2.3K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£89K	07/24	0.25 mi	44, Water View Park, Leigh, Greater Manchester WN7 4JS	-	-	2	Flat
£72K	02/21	0.25 mi	26, Waterview Park, Leigh, Greater Manchester WN7 4JS	£1,237	58	2	Flat
£96.5K	12/22	0.25 mi	12, Water View Park, Leigh, Greater Manchester WN7 4JS	£1,856	52	2	Flat
£75K	11/22	0.41 mi	16, Oxford Street, Leigh, Greater Manchester WN7 1NE	£1,262	59	2	Flat
£67K	09/21	0.42 mi	14, Oxford Street, Leigh, Greater Manchester WN7 1NE	£1,110	60	2	Flat
£92K	03/23	0.43 mi	26, Oxford Street, Leigh, Greater Manchester WN7 1NE	£1,373	67	2	Flat
£85K	12/23	0.43 mi	24, Oxford Street, Leigh, Greater Manchester WN7 1NE	£1,434	59	2	Flat
£90K	08/23	0.43 mi	28, Oxford Street, Leigh, Greater Manchester WN7 1NE	-	-	2	Flat
£94K	02/23	0.43 mi	2, Oxford Street, Leigh, Greater Manchester WN7 1NE	£1,589	59	2	Flat
£116K	06/21	0.44 mi	48, Redfield Croft, Leigh, Greater Manchester WN7 1EN	£1,933	60	2	Flat
£124.5K	12/22	0.44 mi	45, Redfield Croft, Leigh, Greater Manchester WN7 1EN	£2,110	59	2	Flat
£110K	02/21	0.44 mi	46, Redfield Croft, Leigh, Greater Manchester WN7 1EN	£1,833	60	2	Flat
£78.5K	11/22	0.68 mi	59, Drummond Way, Leigh, Greater Manchester WN7 2RR	£1,826	43	2	Flat
£150K	06/21	0.69 mi	10, Pennington Mews, Leigh, Greater Manchester WN7 3TX	-	-	2	Flat
£150K	06/21	0.69 mi	10, Pennington Mews, Leigh, Greater Manchester WN7 3TX	-	-	2	Flat
£165K	05/23	0.7 mi	167a, Wigan Road, Leigh, Greater Manchester WN7 5DF	-	-	2	Flat
£107K	12/23	0.71 mi	4, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	£2,277	47	2	Flat
£75K	09/21	0.71 mi	36, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	£1,497	50	2	Flat
£103K	12/23	0.71 mi	82, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	£2,060	50	2	Flat
£100K	01/23	0.71 mi	2, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	£2,273	44	2	Flat
£100K	08/23	0.71 mi	28, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	-	-	2	Flat
£95K	10/22	0.72 mi	50, Brentwood Grove, Leigh, Greater Manchester WN7 1UG	£1,696	56	2	Flat
£45K	11/21	0.76 mi	19, Farnworth Street, Leigh, Greater Manchester WN7 2AR	-	-	2	Flat
£79K	03/23	0.77 mi	37, Orchard Close, Leigh, Greater Manchester WN7 1NY	£1,411	56	2	Flat
£110K	02/23	0.9 mi	33, Stott Wharf, Leigh, Greater Manchester WN7 2ER	£1,777	62	2	Flat
£84K	06/21	0.9 mi	27, Stott Wharf, Leigh, Greater Manchester WN7 2ER	£1,500	56	2	Flat
£110K	12/22	0.9 mi	29, Stott Wharf, Leigh, Greater Manchester WN7 2ER	£1,973	56	2	Flat
£100K	09/23	0.9 mi	91, Stott Wharf, Leigh, Greater Manchester WN7 2ER	£1,961	51	2	Flat
£90K	11/21	0.91 mi	21, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,551	58	2	Flat
£77K	06/21	0.91 mi	30, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,343	57	2	Flat
£90K	03/23	0.91 mi	68, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,607	56	2	Flat
£85K	01/24	0.91 mi	34, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,621	52	2	Flat
£55K	03/21	0.91 mi	66, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,019	54	2	Flat
£76.5K	05/21	0.91 mi	39, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,319	58	2	Flat
£82K	04/23	0.91 mi	45, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,491	55	2	Flat
£80K	01/24	0.91 mi	24, Pendle Court, Leigh, Greater Manchester WN7 3AB	£1,416	56	2	Flat

Local Rents

50 rents from £625/mo to £995/mo, average is £813/mo.

Rent	Date	Distance	Address	Beds	Type
£750	11/24	0.03 mi	-	2	Terraced House
£830	04/25	0.07 mi	-	2	Flat
£810	03/25	0.07 mi	-	2	Flat
£625	11/24	0.09 mi	Ulleswater Street, Leigh	2	Terraced House
£800	12/24	0.1 mi	-	2	Terraced House
£850	11/24	0.11 mi	-	2	Terraced House
£750	12/24	0.12 mi	-	2	Terraced House
£895	04/25	0.13 mi	-	2	Terraced House
£900	04/25	0.13 mi	-	2	Terraced House
£850	11/24	0.13 mi	-	2	Terraced House
£850	04/25	0.13 mi	-	2	Terraced House
£895	12/24	0.14 mi	-	2	Flat
£895	02/25	0.14 mi	-	2	Flat
£815	02/25	0.15 mi	-	2	Terraced House
£850	03/25	0.17 mi	-	2	Terraced House
£650	11/24	0.23 mi	Etherstone Street, Leigh, WN7 4JB	2	Terraced House
£950	04/25	0.24 mi	-	2	Semi-Detached House
£795	11/24	0.28 mi	Etherstone Street, Leigh, Lancashire, WN7 4HY	2	Terraced House
£850	01/25	0.28 mi	-	2	Terraced House
£695	11/24	0.29 mi	15 Ledgard Avenue, Leigh, WN7	2	Flat
£795	11/24	0.3 mi	-	2	Terraced House
£700	02/25	0.33 mi	-	2	Terraced House
£800	11/24	0.33 mi	-	2	Terraced House
£750	02/24	0.34 mi	-	2	Flat
£795	11/24	0.34 mi	-	2	Flat
£795	11/24	0.34 mi	-	2	Flat
£900	03/25	0.34 mi	-	2	Terraced House
£750	11/24	0.34 mi	-	2	Flat
£750	11/24	0.34 mi	-	2	Flat
£750	03/25	0.34 mi	-	2	Flat
£900	04/25	0.35 mi	-	2	Terraced House
£850	12/24	0.36 mi	-	2	Terraced House
£825	02/25	0.36 mi	-	2	Terraced House
£850	11/24	0.36 mi	-	2	Terraced House
£750	02/25	0.36 mi	-	2	Terraced House
£880	09/24	0.36 mi	-	2	Terraced House
£700	11/24	0.36 mi	Leigh Road, Leigh	2	Flat
£750	11/23	0.39 mi	-	2	Terraced House
£750	12/23	0.4 mi	-	2	Terraced House
£995	12/24	0.4 mi	-	2	Detached House
£795	04/25	0.43 mi	-	2	Terraced House
£875	11/24	0.44 mi	Hilton Park, Leigh, WN7 1RL	2	Detached House
£850	02/25	0.45 mi	-	2	Terraced House
£775	03/25	0.46 mi	-	2	Terraced House
£950	02/25	0.46 mi	-	2	Terraced House
£750	11/24	0.46 mi	-	2	Terraced House
£895	03/25	0.48 mi	-	2	Terraced House
£850	11/24	0.48 mi	-	2	Terraced House
£850	04/25	0.48 mi	-	2	Terraced House
£800	11/24	0.49 mi	-	2	Terraced House

Local Area Statistics

Population in WN7	47,81947,819
Town centre distance	189.11 miles away189.11 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.83 miles away2.83 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+39%+39%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+22%+22%

Property History

Listed for £85,000

August 6, 2024

Description

IDEAL FOR INVESTORS +
TOP FLOOR APARTMENT +
TWO BEDROOMS +
OPEN PLAN LIVING/KITCHEN +
CLOSE TO GUIDED BUS WAY +
CLOSE TO TOWN CENTRE +

Located on the top floor, this two-bedroom apartment offers a blend of modern comfort and convenience. Situated within walking distance of Leigh town centre, bus station, and a plethora of shops, restaurants, and bars, this residence ensures you’re always close to the action yet able to enjoy the tranquility of your own space. As you step into the apartment, you're greeted by a welcoming hallway, The hallway seamlessly leads into a spacious open-plan lounge and kitchen area, where natural light pours in through Velux windows, creating a bright and airy atmosphere. The kitchen is modern and well-equipped. Both bedrooms are double rooms, offering ample space for furniture and personal touches. There is a also a family bathroom. The apartment is currently rented out at £650 PCM.

Agent Details

Stone Cross Estate Agents, Tyldesley

01942 559759

Next Steps?

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

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2 Bed Flat, Single Let, Leigh, WN7 4EY, £85,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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Cashflows

Local Sold Prices

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