2 Bed Flat, Single Let, Wigan, WN2 5LS, £65,000

Gas Street, Platt Bridge WN2 5LS - 6 months ago

Leasehold
BTL
ROI: 17%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£53K - £175K
Sold Prices/m²£822/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£79,300
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£625 - £850

Rent Estimate

£641

Running Costs/mo

£351

Cashflow/mo

£290

Cashflow/yr

£3,476

ROI

17%

Gross Yield

12%

Local Sold Prices

50 sold prices from £53K to £175K, average is £83.5K. £822/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£67K09/220 mi19, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£53K12/200 mi7, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£89.3K07/220.02 mi27, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£102K09/220.97 mi20, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2
£95K09/230.97 mi14, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2
£75K02/221.06 mi18, The Mews, Hindley, Wigan, Greater Manchester WN2 3EZ2
£88K01/231.1 mi228, Lily Lane, Bamfurlong, Wigan, Greater Manchester WN2 5JT2
£65K10/211.2 mi129, Market Street, Hindley, Wigan, Greater Manchester WN2 3AA2
£77K12/201.26 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£96K12/231.26 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£63K09/231.51 mi28, Rivington Drive, Bickershaw, Wigan, Greater Manchester WN2 4AL2
£115K10/221.72 miApartment 3, The Parsonage, Hoade Street, Hindley, Wigan, Greater Manchester WN2 2PY2
£60K12/212.06 mi165a, Poolstock Lane, Wigan, Greater Manchester WN3 5HW2
£100K06/222.09 mi4, Slackey Fold, Hindley Green, Wigan, Greater Manchester WN2 4XT2
£64K11/222.1 miApartment 57, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£74.8K07/222.1 miApartment 94, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£65K07/222.1 miApartment 49, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£73K04/222.11 mi4, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£85K02/222.11 mi17, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£65K05/232.11 mi2, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£75K08/222.12 mi27, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£93K04/232.14 mi16, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£80K06/232.14 mi36, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£105K07/212.14 mi40, East Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8ST2
£105K09/222.16 mi6, Heathlea Gardens, Hindley Green, Wigan, Greater Manchester WN2 4UE2
£69K12/232.16 mi356, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XL2
£84K07/232.21 miApartment 20, Millside, Heritage Way, Wigan, Greater Manchester WN3 4BE2
£125K09/222.21 miApartment 17, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£122.5K10/212.22 miApartment 46, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£115K08/232.22 miApartment 28, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£120K12/202.22 miApartment 43, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£104.5K09/222.29 mi9, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£107K11/222.29 mi1, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£80K03/212.29 mi7, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£90K07/212.29 mi9, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£83K12/212.4 mi14, George Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8QD2
£142K04/232.54 mi318, Warrington Road, Wigan, Greater Manchester WN3 6PF2
£175K06/212.59 mi15, Corner Lane, Leigh, Greater Manchester WN7 5PY2
£55K06/212.59 mi9, Newton Close, Wigan, Greater Manchester WN1 2LH2
£98K11/222.66 mi88, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£93K05/222.66 mi40, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/212.69 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/212.69 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K04/212.69 mi36, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£90K11/222.69 mi18, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82.5K11/212.7 mi16, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£79K06/222.73 miC1, Monument Mansions, Wigan, Greater Manchester WN1 2LE2
£54K03/212.74 mi15, Regent Avenue, Ashton In Makerfield, Wigan, Greater Manchester WN4 0AX2
£54K03/212.76 mi15, Regent Avenue, Ashton In Makerfield, Wigan, Greater Manchester WN4 0AX2
£105K08/232.76 mi7a, Park Road, Wigan, Greater Manchester WN1 1RY2

Local Rents

21 rents from £625/mo to £850/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65003/250.03 mi-2
£62501/240.04 mi-2
£74903/250.11 mi-2
£75001/240.13 mi-2
£85001/250.13 mi-2
£85003/250.14 mi-2
£72010/240.14 mi-2
£75001/240.22 mi-2
£80003/250.22 mi-2
£79512/240.25 mi-2
£80010/240.27 mi-2
£75003/250.28 mi-2
£80001/250.28 mi-2
£69512/240.33 mi-2
£70011/240.33 miCrystal Close, Platt Bridge, WN22
£75002/240.34 mi-2
£75003/250.34 mi-2
£80001/250.35 mi-2
£69512/240.36 mi-2
£69503/250.37 mi-2
£79911/240.58 miWarrington Road, Wigan WN2 5QY2

Local Area Statistics

Population in WN2

52,661

Population in Wigan

214,929

Town centre distance

2.28 miles away

Nearest school

0.10 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+50%

Property History

Price changed to £65,000

April 1, 2025

Listed for £70,000

September 26, 2024

Description

  • Well Presented Ground Floor Apartment with Security Entry Phone System +
  • Entrance Hall +
  • Lounge/Diner +
  • Fitted Kitchen +
  • Two Bedrooms +
  • Bathroom/WC +
  • Allocated Parking Space +
  • Well Maintained Communal Areas +

* YOU MUST BE AN INVESTOR BUYER TO ENQUIRE ABOUT THIS PROPERTY - NOT SOLD WITH VACANT POSSESSION *

Landlord to Landlord Service - GetAnOffer are looking for LANDLORDS to purchase this home which is currently RENTED and producing an income.

GetAnOffer are pleased to present an excellent opportunity for landlords looking to expand their portfolios with a well-maintained property that is currently rented and producing a steady income.

This ground floor apartment is situated in a sought-after location, offering a secure and convenient living environment.

The property is equipped with a security entry phone system, ensuring peace of mind for both tenants and owners.

Upon entering, you'll find a welcoming entrance hall that leads into the spacious lounge/diner, providing a comfortable space for relaxation or entertaining.

The fitted kitchen is functional and well-equipped, making it ideal for tenants who enjoy cooking at home.

The apartment boasts two generously sized bedrooms, perfect for tenants seeking a peaceful retreat.

The bathroom/WC is neatly presented and provides essential amenities.

Additionally, the property benefits from an allocated parking space, offering convenience for tenants with vehicles.

The communal areas are well-maintained, ensuring a pleasant environment for all residents.

As this property is being sold with tenants in situ, it is specifically suited for landlords looking for a hassle-free investment with immediate rental income.

This is a fantastic opportunity for landlords seeking a reliable, income-generating property in a desirable location.

EARLY VIEWING IS HIGHLY RECOMMENDED DUE TO THE PROPERTY BEING PRICED FOR A QUICK SALE.

* FOR FURTHER INFORMATION PLEASE CALL: *

Please Note:

Under the terms of The Estate Agents Act 1979 it is hereby confirmed that Future Planned Relocation Services Ltd (Get An Offer) has a legal interest in this property.

Images may be subject to photographic enhancements and staging for marketing purposes.

All details and measurements have been given for guidance purposes only. Due to the nature of our business our details are usually produced by a third party so any information supplied should be checked by yourself for any inaccuracies.

Although this property may have the facility of heating and other appliances they have not been tested at the time of our instructions.
Get an Offer makes no guarantees as to the accuracy within these property details.

By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided

Agent Details

GET AN OFFER, Worthing

01903 497334

Next Steps?

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