2 Bed Flat, Single Let, Wigan, WN2 3EZ £89,950

Martin Mews, Hindley, WN2 3EZ - a year ago

Sold STC

Leasehold

BTL

ROI: 2%

~68 m²

ValuationUndervalued

Sold Prices	£65K - £125K
Sold Prices/m²	£1.1K/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£107,471£107,471
BMV	19%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,488£22,488
Stamp Duty & Legal Fees	£5,698£5,698
Total Cash In	£28,185£28,185

Cash Out
Rent Range	£425 - £900£425 - £900
Rent Estimate	£425
Running Costs/mo	£386£386
Cashflow/mo	£39£39
Cashflow/yr	£467£467
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £65K to £125K, average is £96K. £1.1K/m² to £2.8K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	02/22	0 mi	18, The Mews, Hindley, Wigan, Greater Manchester WN2 3EZ	£1,056	71	2	Flat
£80K	06/24	0.02 mi	10, The Mews, Wigan WN2 3EZ	£1,429	56	2	Flat
£80K	06/24	0.02 mi	10, The Mews, Wigan WN2 3EZ	-	-	2	Flat
£70K	09/23	0.13 mi	133, Market Street, Wigan WN2 3AA	£1,167	60	2	Flat
£70K	09/23	0.13 mi	133, Market Street, Wigan WN2 3AA	-	-	2	Flat
£65K	10/21	0.15 mi	129, Market Street, Hindley, Wigan, Greater Manchester WN2 3AA	-	-	2	Flat
£100K	09/24	0.31 mi	20, Addington Close, Wigan WN2 3NU	£1,538	65	2	Flat
£100K	09/24	0.31 mi	20, Addington Close, Wigan WN2 3NU	-	-	2	Flat
£100K	09/24	0.31 mi	20, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU	£1,538	65	2	Flat
£95K	09/23	0.31 mi	14, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU	£1,617	59	2	Flat
£95K	09/23	0.32 mi	14, Addington Close, Wigan WN2 3NU	£1,484	64	2	Flat
£96K	12/23	0.38 mi	4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT	£2,251	43	2	Flat
£96K	12/23	0.38 mi	4, Merefield Close, Wigan WN2 3PT	-	-	2	Flat
£96K	12/23	0.38 mi	4, Merefield Close, Wigan WN2 3PT	£2,824	34	2	Flat
£96K	12/23	0.38 mi	4, Merefield Close, Wigan WN2 3PT	£2,824	34	2	Flat
£115K	10/22	0.68 mi	Apartment 3, The Parsonage, Hoade Street, Hindley, Wigan, Greater Manchester WN2 2PY	-	-	2	Flat
£125K	12/23	0.68 mi	The Parsonage, 18, Hoade Street, Wigan WN2 2PY	£2,232	56	2	Flat
£118K	08/24	0.69 mi	8, The Parsonage, Hoade Street, Hindley WN2 2PY	£2,162	55	2	Flat
£118K	08/24	0.69 mi	8, The Parsonage, Hoade Street, Hindley WN2 2PY	-	-	2	Flat
£118K	08/24	0.69 mi	The Parsonage, 8, Hoade Street, Hindley WN2 2PY	£2,162	55	2	Flat
£120K	07/25	0.69 mi	16, The Parsonage, Hoade Street, Wigan WN2 2PY	-	-	2	Flat
£80K	07/23	0.91 mi	35, Apartment 11, Alfred Street, Wigan WN2 3TP	£1,333	60	2	Flat

Local Rents

50 rents from £425/mo to £900/mo, average is £725/mo.

Rent	Date	Distance	Address	Beds	Type
£695	07/25	0.02 mi	The Mews, Hindley, WN2	2	Flat
£450	07/25	0.03 mi	Flat 1 , 33 Atherton Road, WN2	2	Flat
£725	11/25	0.03 mi	King Edward Villas, Argyle Street, Hindley, Wigan, WN2 3PL	2	Semi-Detached House
£725	07/25	0.03 mi	-	2	Terraced House
£750	08/25	0.07 mi	Gilbert Street, Hindley	2	Terraced House
£725	11/25	0.09 mi	First Avenue, Hindley, Wigan, WN2 3EB	2	Terraced House
£450	08/25	0.09 mi	First Avenue, Hindley, Wigan	2	Terraced House
£695	08/25	0.09 mi	Platt Lane, Hindley	2	Terraced House
£900	03/25	0.12 mi	-	2	Terraced House
£825	11/25	0.12 mi	Unsworth Street, Hindley	2	Terraced House
£425	08/25	0.13 mi	Frederick street, Hindley	2	Flat
£700	06/25	0.13 mi	Frederick Street, Wigan	2	Flat
£695	09/25	0.13 mi	Market Street, Hindley, WN2	2	Flat
£785	07/25	0.15 mi	Algernon Street, Hindley	2	Terraced House
£750	07/25	0.18 mi	Atherton Road, Wigan AVAILABLE NOW	2	Terraced House
£725	11/25	0.19 mi	Atherton Road, Hindley, WN2	2	Terraced House
£725	11/25	0.19 mi	Atherton Road, Hindley, WN2	2	Terraced House
£750	06/25	0.19 mi	Atherton Road, Leigh Available Now	2	Terraced House
£625	08/25	0.2 mi	Lord Street, WN2	2	Terraced House
£850	12/24	0.21 mi	-	2	Bungalow
£750	06/25	0.23 mi	Argyle Street, Hindley, WN2	2	Terraced House
£700	12/24	0.24 mi	-	2	Terraced House
£650	07/25	0.24 mi	Argyle Street, Hindley, Wigan, WN2	2	Terraced House
£700	06/25	0.24 mi	Argyle Street, Hindley, Wigan, WN2	2	Terraced House
£720	06/25	0.24 mi	-	2	Terraced House
£750	10/25	0.25 mi	Argyle Street, Hindley, WN2	2	Terraced House
£900	10/25	0.26 mi	Park Road, Hindley, WN2	2	Terraced House
£475	08/25	0.28 mi	Park Road, WN2	2	Flat
£425	08/25	0.28 mi	Park Court, Park Road, Hindley	2	Flat
£700	07/25	0.28 mi	Francis Street, Hindley, Wigan	2	Terraced House
£800	11/25	0.28 mi	Francis Street, Hindley, Wigan, Greater Manchester, WN2	2	Terraced House
£695	08/25	0.3 mi	206 Wigan Road, Hindley, Wigan	2	Flat
£695	06/25	0.3 mi	206 Wigan Road, Hindley,	2	Bungalow
£695	06/25	0.3 mi	206 Wigan Road, Hindley,	2	Bungalow
£695	11/25	0.3 mi	206 Wigan Road, Hindley, Wigan	2	Flat
£895	10/25	0.31 mi	-	2	Terraced House
£675	08/25	0.31 mi	Addington Close, WN2	2	Flat
£750	11/24	0.31 mi	Addington Close, Hindley, Wigan, WN2	2	Flat
£725	07/25	0.31 mi	Addington Close, Hindley, Wigan	2	Flat
£637	08/25	0.31 mi	Addington Close, Hindley, Wigan, WN2	2	Flat
£795	10/25	0.31 mi	Burlington Street, , Hindley	2	House
£799	10/25	0.31 mi	Burlington Street, , Hindley	2	House
£675	11/24	0.32 mi	Argyle Street, Wigan	2	Terraced House
£675	01/25	0.32 mi	-	2	Flat
£750	09/25	0.32 mi	Wigan Road, Hindley	2	Terraced House
£750	06/25	0.33 mi	-	2	Flat
£795	06/25	0.33 mi	-	2	Semi-Detached House
£725	08/25	0.33 mi	Carr Street, Hindley	2	Terraced House
£875	11/25	0.34 mi	Wigan Road, Hindley, Wigan	2	Terraced House
£850	11/25	0.35 mi	-	2	Terraced House

Local Area Statistics

Population in WN2	52,66152,661
Population in Wigan	214,929214,929
Town centre distance	2.56 miles away2.56 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.71 miles away0.71 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+53%+53%

Property History

Listed for £89,950

August 20, 2024

Description

Age: 1990-1999 +
Parking at rear +
MODERN TWO BEDROOMED 2ND FLOOR APARTMENT IN A GREAT CENTRAL LOCATION TO HINDLEY & TRANSPORT NETWORKS +
Open Plan Lounge-Kitchen Bathroom Allocated Parking +
EPC Rating C +

* MODERN 2ND FLOOR TWO BEDROOMED APARTMENT * SERVICE CHARGES £135 PCM * GROUND RENT £100 PA * Situated in heart of Hindley close to all local amenities and transport networks. Double glazing and gas central heating. The property benefits from double glazing and gas central heating system. internally incorporating open plan lounge through kitchen, two bedrooms and bathroom with three piece suite. Communal area provides private parking with electric gates.

Property additional info

Entrance Hallway:
Entrance door leading into the hallway with a radiator and storage cupboard.

Lounge/Kitchen/Diner: 16'10 x 18'
Open plan living space with two Juliet balconies, two radiators, laminate flooring and double glazed window. The kitchen is fitted with a range of wall and base units, cupboards and drawers with contrasting work surfaces, single sink unit, plumbed for washing machine, electric hob and oven with extractor hood over, partially tiled walls. Room Size: 16'10 x 18'

Bedroom One: 11'6" x 11'2
UPVC double glazed window, radiator. Room Size: 11'6" x 11'2

Bedroom Two: 7'8" x 13'
UPVC double glazed window, laminate flooring, radiator. Room Size: 7'8" x 13'

Bathroom:
P-shaped bath with shower and shower screen over, pedestal hand wash basin, low level WC, partially tiled walls, laminate flooring, chrome radiator.

Exterior:
Communal areas with allocated parking space.

Agent Details

Borron Shaw, Wigan

01942 368289

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, Wigan, WN2 3EZ £89,950

ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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