3 Bed Semi-Detached House, Refurb/BRRR, Wigan, WN2 5XU, £140,000

Greenbank, Abram, WN2 5XU - 6 months ago

Sold STC

Refurb/BRRR

ROI: 5%

~69 m²

+13 photos

ValuationOvervalued

Sold Prices	£70K - £255K
Sold Prices/m²	£925/m² - £3.2K/m²

Square Metres	~69 m²
Price/m²	£2K/m²
Value Estimate	£114,750£114,750

End Value (After Refurb)	£121,495£121,495

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£8,200£8,200
Refurb Costs	£29,205£29,205
Bridging Loan Interest	£3,675£3,675
Total Cash In	£77,830£77,830

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£121,495£121,495
Mortgage (After Refinance)	£91,121£91,121
Mortgage LTV	75%75%
Cash Left In	£77,830£77,830
Equity	£30,374£30,374
Rent Range	£425 - £3,150£425 - £3,150
Rent Estimate	£920
Running Costs/mo	£584£584
Cashflow/mo	£336£336
Cashflow/yr	£4,036£4,036
ROI	5%5%
Gross Yield	8%8%

Local Sold Prices

52 sold prices from £70K to £255K, average is £156.3K. £925/m² to £3.2K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£164K	06/23	0.05 mi	44, Greenbank, Abram, Wigan, Greater Manchester WN2 5XU	-	-	3	Semi-Detached House
£87K	04/21	0.05 mi	467, Warrington Road, Abram, Wigan, Greater Manchester WN2 5XY	£1,130	77	3	Terraced House
£165K	05/23	0.05 mi	504, Warrington Road, Abram, Wigan, Greater Manchester WN2 5XX	-	-	3	Terraced House
£132K	01/24	0.05 mi	454, Warrington Road, Abram, Wigan, Greater Manchester WN2 5XX	£1,389	95	3	Terraced House
£139K	11/20	0.11 mi	19, Park Lane, Abram, Wigan, Greater Manchester WN2 5XD	£2,044	68	3	Semi-Detached House
£168K	07/23	0.12 mi	1, Pinewood Close, Abram, Wigan, Greater Manchester WN2 5XS	£2,507	67	3	Terraced House
£175K	04/21	0.2 mi	371, Warrington Road, Abram, Wigan, Greater Manchester WN2 5XB	£1,434	122	3	Detached House
£93.8K	06/21	0.21 mi	340, Warrington Road, Abram, Wigan, Greater Manchester WN2 5XA	£925	101	3	Terraced House
£165K	01/21	0.25 mi	5, Mcellen Road, Abram, Wigan, Greater Manchester WN2 5YT	£2,143	77	3	Semi-Detached House
£235K	01/24	0.25 mi	6, Mcellen Road, Abram, Wigan, Greater Manchester WN2 5YT	£3,158	74	3	Detached House
£132K	05/21	0.26 mi	15, Ashwood Avenue, Abram, Wigan, Greater Manchester WN2 5YE	£1,886	70	3	Semi-Detached House
£203K	06/23	0.26 mi	25, Ashwood Avenue, Abram, Wigan, Greater Manchester WN2 5YE	£1,637	124	3	Detached House
£183K	07/23	0.26 mi	4, Ashwood Avenue, Abram, Wigan, Greater Manchester WN2 5YE	£2,153	85	3	Semi-Detached House
£155K	06/23	0.26 mi	23, Ashwood Avenue, Abram, Wigan, Greater Manchester WN2 5YE	£1,949	80	3	Semi-Detached House
£155K	06/23	0.26 mi	23, Ashwood Avenue, Abram, Wigan, Greater Manchester WN2 5YE	£1,949	80	3	Semi-Detached House
£147K	10/21	0.3 mi	16, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ	£1,579	93	3	Terraced House
£170K	01/23	0.3 mi	28, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ	£2,234	76	3	Semi-Detached House
£145K	06/23	0.3 mi	15, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ	£1,790	81	3	Terraced House
£145K	06/23	0.3 mi	15, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ	£1,790	81	3	Terraced House
£137K	07/21	0.32 mi	14, Kingsdown Road, Abram, Wigan, Greater Manchester WN2 5RN	-	-	3	Semi-Detached House
£125K	03/21	0.33 mi	13, Thornvale, Abram, Wigan, Greater Manchester WN2 5YF	-	-	3	Semi-Detached House
£112.5K	04/21	0.34 mi	32, May Avenue, Abram, Wigan, Greater Manchester WN2 5RR	£1,442	78	3	Semi-Detached House
£185K	02/23	0.35 mi	37, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£2,056	90	3	Semi-Detached House
£125K	12/20	0.35 mi	17, Egerton Street, Abram, Wigan, Greater Manchester WN2 5RW	£1,838	68	3	Semi-Detached House
£181K	12/20	0.36 mi	3, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP	£1,146	158	3	Detached House
£220K	02/23	0.36 mi	57, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP	-	-	3	Semi-Detached House
£187K	06/23	0.36 mi	48, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP	£1,851	101	3	Semi-Detached House
£255K	09/23	0.36 mi	5, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP	£2,493	102	3	Detached House
£186K	02/23	0.36 mi	15, Egerton Street, Abram, Wigan, Greater Manchester WN2 5RW	-	-	3	Semi-Detached House
£177K	01/21	0.37 mi	41, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£1,500	118	3	Detached House
£135K	06/21	0.37 mi	27, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£1,776	76	3	Semi-Detached House
£135K	11/20	0.37 mi	39, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£1,311	103	3	Semi-Detached House
£160K	09/21	0.37 mi	74, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	-	-	3	Terraced House
£202K	02/24	0.37 mi	15, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£2,376	85	3	Semi-Detached House
£185K	01/24	0.37 mi	36, Davy Road, Abram, Wigan, Greater Manchester WN2 5YX	£1,745	106	3	Terraced House
£210K	03/21	0.56 mi	35, Ansford Avenue, Abram, Wigan, Greater Manchester WN2 5PQ	£2,258	93	3	Semi-Detached House
£200K	06/23	0.56 mi	57, Ansford Avenue, Abram, Wigan, Greater Manchester WN2 5PQ	£2,857	70	3	Detached House
£70K	12/20	0.57 mi	10, Windermere Road, Abram, Wigan, Greater Manchester WN2 5QZ	£933	75	3	Semi-Detached House
£115K	03/21	0.58 mi	222, Warrington Road, Abram, Wigan, Greater Manchester WN2 5QY	£1,295	89	3	Terraced House
£100K	08/21	0.58 mi	234, Warrington Road, Abram, Wigan, Greater Manchester WN2 5QY	-	-	3	Terraced House
£165K	11/23	0.62 mi	52, Lee Lane, Abram, Wigan, Greater Manchester WN2 5QU	£2,324	71	3	Semi-Detached House
£170K	03/24	0.69 mi	1, Park View, Abram, Wigan, Greater Manchester WN2 5QR	-	-	3	Semi-Detached House
£150K	01/21	0.73 mi	18, Ruskin Crescent, Abram, Wigan, Greater Manchester WN2 5PX	£1,339	112	3	Semi-Detached House
£205K	05/23	0.73 mi	37, Ruskin Crescent, Abram, Wigan, Greater Manchester WN2 5PX	-	-	3	Semi-Detached House
£85K	12/21	0.74 mi	90, Lily Lane, Bamfurlong, Wigan, Greater Manchester WN2 5JS	-	-	3	Terraced House
£182K	12/20	0.78 mi	3, Kintbury Street, Bamfurlong, Wigan, Greater Manchester WN2 5LF	-	-	3	Semi-Detached House
£145K	09/23	0.78 mi	18, Kintbury Street, Bamfurlong, Wigan, Greater Manchester WN2 5LF	£1,883	77	3	Semi-Detached House
£115K	11/20	0.79 mi	7, Mains Avenue, Bamfurlong, Wigan, Greater Manchester WN2 5LG	£1,543	75	3	Semi-Detached House
£125K	01/23	0.79 mi	16, Mains Avenue, Bamfurlong, Wigan, Greater Manchester WN2 5LG	£1,645	76	3	Terraced House
£157.5K	03/24	0.81 mi	12, Bodmin Drive, Platt Bridge, Wigan, Greater Manchester WN2 5JH	£2,250	70	3	Semi-Detached House
£145K	02/23	0.81 mi	205, Lily Lane, Bamfurlong, Wigan, Greater Manchester WN2 5JT	£1,559	93	3	Terraced House
£125.5K	12/23	0.81 mi	256, Crankwood Road, Abram, Wigan, Greater Manchester WN2 5YB	£2,036	62	3	Terraced House

Local Rents

52 rents from £425/mo to £3.1K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£750	01/25	0.05 mi	-	2	Terraced House
£850	04/25	0.16 mi	-	2	Terraced House
£1,200	11/24	0.31 mi	-	4	Terraced House
£875	11/24	0.35 mi	Egerton Street, Abram	3	Detached House
£950	12/24	0.54 mi	-	3	Semi-Detached House
£799	11/24	0.61 mi	Warrington Road, Wigan WN2 5QY	2	Terraced House
£875	11/24	0.78 mi	Shelley Drive, Abram	3	Flat
£850	11/24	0.85 mi	-	3	Terraced House
£750	02/24	0.86 mi	-	2	Terraced House
£750	03/25	0.87 mi	-	2	Terraced House
£795	12/24	0.98 mi	-	2	Terraced House
£425	11/24	0.99 mi	Warrington Road, Platt Bridge	1	Flat
£825	11/24	0.99 mi	Warrington Road, Platt Bridge, Wigan, WN2	3	Flat
£800	03/25	1.02 mi	-	2	Terraced House
£800	10/24	1.02 mi	-	2	Semi-Detached House
£800	11/24	1.03 mi	-	2	Terraced House
£800	01/25	1.08 mi	-	2	Terraced House
£800	11/24	1.1 mi	Severn Road, WN4	3	Detached House
£750	01/24	1.12 mi	-	2	Semi-Detached House
£775	11/24	1.13 mi	-	2	Terraced House
£695	12/23	1.14 mi	-	3	Terraced House
£695	12/23	1.14 mi	-	3	Terraced House
£995	11/24	1.15 mi	Brown Street, Wigan, Lancashire	4	Detached House
£650	03/25	1.22 mi	-	2	Flat
£625	01/24	1.23 mi	-	2	Flat
£749	03/25	1.25 mi	-	2	Terraced House
£750	02/24	1.27 mi	-	2	Terraced House
£850	04/25	1.28 mi	-	2	Terraced House
£750	03/25	1.28 mi	-	3	Terraced House
£850	11/24	1.28 mi	Bolton Road, Ashton In Makerfield WN4	3	Terraced House
£750	01/24	1.3 mi	-	2	Terraced House
£850	01/25	1.3 mi	-	2	Terraced House
£720	10/24	1.3 mi	-	2	Terraced House
£950	11/24	1.32 mi	-	3	Terraced House
£749	04/25	1.32 mi	-	2	Terraced House
£1,650	11/24	1.34 mi	-	4	Semi-Detached House
£1,400	03/25	1.34 mi	-	4	Semi-Detached House
£1,050	03/25	1.36 mi	-	3	Terraced House
£425	12/23	1.36 mi	-	1	Flat
£3,150	01/25	1.36 mi	-	3	Terraced House
£1,000	01/25	1.36 mi	-	3	Terraced House
£3,000	03/25	1.37 mi	-	3	Terraced House
£3,000	03/25	1.37 mi	-	3	Terraced House
£750	04/25	1.39 mi	-	2	Terraced House
£750	10/24	1.4 mi	Ashton Road, Golborne, Warrington, WA3 3UY	2	Flat
£700	11/24	1.42 mi	Crystal Close, Platt Bridge, WN2	2	Flat
£595	10/24	1.47 mi	Church Street, WA3	2	Flat
£800	01/25	1.48 mi	-	2	Terraced House
£800	11/24	1.49 mi	Bickershaw Lane, Wigan, Greater Manchester. *AVAILABLE NOW*	3	Detached House
£750	01/24	1.51 mi	-	3	Terraced House
£695	12/24	1.51 mi	-	2	Flat
£1,299	02/24	1.53 mi	-	4	Detached House

Local Area Statistics

Population in WN2	52,66152,661
Population in Wigan	214,929214,929
Town centre distance	3.24 miles away3.24 miles away
Nearest school	0.80 miles away0.80 miles away
Nearest train station	2.33 miles away2.33 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+5%+5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+50%+50%

Property History

Price changed to £140,000

December 11, 2024

Listed for £150,000

October 8, 2024

Floor Plans

Description

Semi-Detached House +
Kitchen Diner +
Family Bathroom +
Driveway +
Low Maintenance Yard +
Council Tax Band - A +
EPC - tbc +

Presenting this fantastic opportunity to acquire a three bedroom semi-detached house located in a sought after area. The property offers a well-organised layout with the ground floor comprising of an entrance porch and hall, a generously sized lounge, and a spacious kitchen diner. Ascending to the first floor, you will find three bedrooms of various sizes and a family bathroom. Additional features include a low maintenance back yard for ease of upkeep, and a driveway with space for 2/3 cars, ensuring parking is never a concern. This property is conveniently situated close to local facilities, making it an ideal choice for families or professionals seeking a well-connected home. Although in need of modernisation, the property offers great potential for those looking to add their own personal touch. The property falls within Council Tax Band A, with an EPC rating to be confirmed.

EPC Rating: C

Agent Details

Breakey & Co, Wigan

01942 590036

Next Steps?

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

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ValuationOvervalued

Investment OpportunityOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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