2 Bed Flat, Single Let, Wigan, WN6 7QG £89,000

Meadowgate, Wigan,WN6 7QG - 3 views - a year ago

Leasehold

BTL

ROI: 10%

~68 m²

ValuationUndervalued

Sold Prices	£55K - £170K
Sold Prices/m²	£1.1K/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£110,434£110,434
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,250£22,250
Stamp Duty & Legal Fees	£5,650£5,650
Total Cash In	£27,900£27,900

Cash Out
Rent Range	£475 - £1,150£475 - £1,150
Rent Estimate	£650
Running Costs/mo	£428£428
Cashflow/mo	£222£222
Cashflow/yr	£2,663£2,663
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £55K to £170K, average is £101.2K. £1.1K/m² to £2.4K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£95K	11/23	0.01 mi	9, Apartment 18, Meadowgate, Wigan WN6 7QP	£1,696	56	2	Flat
£100K	11/24	0.44 mi	142, Apartment 6, Wigan Lower Road, Wigan WN6 8JP	£2,128	47	2	Flat
£100K	11/24	0.44 mi	Apartment 6, 142, Wigan Lower Road, Wigan WN6 8JP	-	-	2	Flat
£170K	05/22	0.8 mi	51, Crooke Road, Standish Lower Ground, Wigan, Greater Manchester WN6 8LR	£2,429	70	2	Flat
£105K	08/23	0.92 mi	7a, Park Road, Wigan, Greater Manchester WN1 1RY	£1,954	54	2	Flat
£112K	03/23	0.96 mi	4, Thomas Street, Wigan WN5 0AR	£1,750	64	2	Flat
£136.5K	02/25	1.01 mi	Gemini Court, 22, Walkden Avenue, Wigan WN1 2JN	£2,133	64	2	Flat
£136.5K	02/25	1.01 mi	22, Gemini Court, Walkden Avenue, Wigan WN1 2JN	-	-	2	Flat
£135K	04/25	1.01 mi	9, Gemini Court, Walkden Avenue, Wigan WN1 2JN	£2,109	64	2	Flat
£135K	04/25	1.01 mi	9, Gemini Court, Walkden Avenue, Wigan WN1 2JN	-	-	2	Flat
£138K	04/24	1.03 mi	24, Chelmsford Mews, Wigan WN1 2PZ	£2,156	64	2	Flat
£145K	07/22	1.04 mi	34, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ	£2,231	65	2	Flat
£127K	06/21	1.04 mi	27, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ	£2,016	63	2	Flat
£133.9K	10/22	1.05 mi	5, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ	£1,914	70	2	Flat
£113K	11/23	1.05 mi	42, Thomas Street, Wigan WN5 0AR	£1,766	64	2	Flat
£77K	03/22	1.08 mi	4, Walthew House Lane, Kitt Green, Wigan, Greater Manchester WN5 0JX	£1,423	54	2	Flat
£85K	01/23	1.08 mi	16, Walthew House Lane, Kitt Green, Wigan, Greater Manchester WN5 0JX	£1,328	64	2	Flat
£83K	06/21	1.08 mi	6, Walthew House Lane, Kitt Green, Wigan, Greater Manchester WN5 0JX	£1,317	63	2	Flat
£75K	09/23	1.17 mi	17, Beaumont Grove, Wigan WN5 0BT	£1,136	66	2	Flat
£75K	09/23	1.19 mi	17, Beaumont Grove, Orrell, Wigan, Greater Manchester WN5 0BT	£1,136	66	2	Flat
£58K	05/25	1.27 mi	4, Moorside Walk, Orrell WN5 0DY	-	-	2	Flat
£58K	05/25	1.27 mi	4, Moorside Walk, Orrell WN5 0DY	£1,115	52	2	Flat
£68.5K	06/23	1.27 mi	17, Lonsdale Walk, Wigan WN5 0DZ	£1,142	60	2	Flat
£57K	08/21	1.27 mi	8, Moorside Walk, Orrell, Wigan, Greater Manchester WN5 0DY	-	-	2	Flat
£68.5K	06/23	1.29 mi	17, Lonsdale Walk, Orrell, Wigan, Greater Manchester WN5 0DZ	£1,343	51	2	Flat
£58K	07/22	1.29 mi	28a, Lonsdale Walk, Orrell, Wigan, Greater Manchester WN5 0DZ	-	-	2	Flat
£70K	11/24	1.31 mi	33a, Silverdale Road, Wigan WN5 0DN	-	-	2	Flat
£70K	11/24	1.31 mi	33a, Silverdale Road, Wigan WN5 0DN	£1,373	51	2	Flat
£79K	06/22	1.32 mi	C1, Monument Mansions, Wigan, Greater Manchester WN1 2LE	£1,701	46	2	Flat
£102.5K	09/24	1.32 mi	Flat C4, Monument Mansions, Freckleton Street, Wigan WN1 2LE	-	-	2	Flat
£102.5K	09/24	1.32 mi	Monument Mansions, Flat C4, Freckleton Street, Wigan WN1 2LE	-	-	2	Flat
£77K	02/25	1.33 mi	Monument Mansions, Flat A1, Wigan Lane, Wigan WN1 2LE	£1,974	39	2	Flat
£77K	02/25	1.33 mi	Flat A1, Monument Mansions, Wigan Lane, Wigan WN1 2LE	-	-	2	Flat
£55K	03/24	1.33 mi	Northgate House, Apartment 6, Standishgate, Wigan WN1 1BP	-	-	2	Flat
£85K	06/24	1.35 mi	14, Cross Yard, Wigan WN1 1XF	£1,932	44	2	Flat
£85K	06/24	1.35 mi	14, Cross Yard, Wigan WN1 1XF	-	-	2	Flat
£84K	07/23	1.36 mi	Apartment 20, Millside, Heritage Way, Wigan, Greater Manchester WN3 4BE	-	-	2	Flat
£117.5K	03/24	1.36 mi	Trencherfield Mill, Apartment 22, Heritage Way, Wigan WN3 4DU	£1,655	71	2	Flat
£117.5K	02/24	1.36 mi	Trencherfield Mill, Apartment 30, Heritage Way, Wigan WN3 4DU	£1,588	74	2	Flat
£123K	06/24	1.36 mi	Trencherfield Mill, Apartment 17, Heritage Way, Wigan WN3 4DU	£1,732	71	2	Flat
£117.5K	03/24	1.36 mi	Apartment 22, Trencherfield Mill, Heritage Way, Wigan WN3 4DU	-	-	2	Flat
£115K	08/23	1.36 mi	Trencherfield Mill, Apartment 28, Heritage Way, Wigan WN3 4DU	£1,494	77	2	Flat
£115K	08/23	1.36 mi	Apartment 28, Trencherfield Mill, Heritage Way, Wigan WN3 4DU	-	-	2	Flat
£117.5K	02/24	1.36 mi	Apartment 30, Trencherfield Mill, Heritage Way, Wigan WN3 4DU	-	-	2	Flat
£123K	06/24	1.36 mi	Apartment 17, Trencherfield Mill, Heritage Way, Wigan WN3 4DU	-	-	2	Flat
£122.5K	10/21	1.36 mi	Apartment 46, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU	-	-	2	Flat
£115K	08/23	1.36 mi	Apartment 28, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU	-	-	2	Flat
£125K	09/22	1.36 mi	Apartment 17, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU	-	-	2	Flat
£84K	07/23	1.37 mi	Millside, 20, Heritage Way, Wigan WN3 4BE	£1,500	56	2	Flat
£84K	07/23	1.37 mi	20, Millside, Heritage Way, Wigan WN3 4BE	-	-	2	Flat

Local Rents

49 rents from £475/mo to £1.1K/mo, average is £775/mo.

Rent	Date	Distance	Address	Beds	Type
£500	08/25	0.02 mi	Meadowgate, Wigan, WN6 7QH	2	Flat
£850	07/25	0.04 mi	Canalside, Wigan, WN6	2	Flat
£650	08/25	0.09 mi	Doolan Crescent	2	Terraced House
£600	11/24	0.09 mi	Woodhouse Lane, Standish Lower Ground, Wigan, WN6	2	Terraced House
£500	08/25	0.1 mi	Meadowgate, Wigan WN6 7QH	2	Flat
£950	08/25	0.14 mi	Canal Street, Wigan, WN6	2	Flat
£950	11/25	0.15 mi	Canal Street, Wigan, WN6	2	Flat
£975	11/25	0.15 mi	Canal Street, Wigan, WN6	2	Flat
£915	07/25	0.15 mi	Canalside, Wigan, WN6	2	Flat
£950	08/25	0.15 mi	Canal Street, Wigan, WN6	2	Flat
£975	09/25	0.15 mi	Canal Street, Wigan, WN6	2	Flat
£1,095	07/25	0.2 mi	Canal Street, Wigan	2	Semi-Detached House
£1,150	09/25	0.2 mi	Canal Street, Wigan, WN6	2	Semi-Detached House
£975	08/25	0.2 mi	Canal Street, Wigan, WN6	2	Flat
£875	06/25	0.21 mi	Canalside, Wigan, WN6	2	Flat
£975	11/25	0.21 mi	Canal Street, Wigan, WN6	2	Flat
£750	11/25	0.34 mi	Thicknesse Avenue, Wigan	2	Terraced House
£650	08/25	0.34 mi	Thicknesse Avenue, Beech Hill, Wigan, Lancashire, WN6	2	Terraced House
£650	11/24	0.34 mi	Thicknesse Avenue, Beech Hill, Wigan, Lancashire, WN6	2	Terraced House
£850	05/25	0.35 mi	Beech Grove, Wigan, Greater Manchester, WN6	2	Semi-Detached House
£675	08/25	0.36 mi	Thicknesse Avenue,Beech Hill	2	Terraced House
£625	05/25	0.36 mi	-	2	Terraced House
£775	06/25	0.37 mi	Navigation Bank, Standish Lower Ground, Wigan, WN6	2	Flat
£825	11/25	0.41 mi	Wall Street, Wigan, WN6 7NB	2	Terraced House
£750	08/25	0.42 mi	Wall Street, Wigan, Greater Manchester. WN6 7NB	2	Terraced House
£875	11/25	0.44 mi	Wall Street, Wigan, Greater Manchester, WN6	2	Bungalow
£475	08/25	0.44 mi	Wigan Lower Road, Standish Lower Ground, WN6 8JP	2	Terraced House
£800	07/25	0.44 mi	Wigan Lower Road, Standish, WN6	2	Flat
£800	10/25	0.44 mi	Wigan Lower Road, Wigan, WN6	2	Flat
£775	08/25	0.45 mi	-	2	Flat
£775	07/25	0.45 mi	Wigan Lower Road, Standish Lower Ground, WN6	2	Flat
£775	07/25	0.45 mi	Wigan Lower Road, Standish Lower Ground, WN6	2	Flat
£775	09/25	0.45 mi	Wigan Lower Road, Standish Lower Ground, WN6	2	Flat
£775	08/25	0.45 mi	Wigan Lower Road, Standish Lower Ground, WN6	2	Flat
£775	09/25	0.45 mi	-	2	Flat
£750	09/25	0.48 mi	-	2	Terraced House
£850	11/25	0.48 mi	Netherby Road, Wigan, WN6	2	Terraced House
£750	11/24	0.48 mi	-	2	Terraced House
£750	11/25	0.48 mi	-	2	Terraced House
£800	11/25	0.48 mi	Second Avenue, Wigan, WN6	2	Terraced House
£725	11/25	0.49 mi	Heardman Avenue, Springfield, Wigan, WN6 7AX	2	Terraced House
£750	11/24	0.49 mi	First Avenue, Wigan	2	Flat
£750	09/25	0.52 mi	Wigan Lower Road, Standish Lower Ground	2	Terraced House
£550	08/25	0.52 mi	Newman Avenue, Springfield	2	Terraced House
£825	10/25	0.53 mi	Manning Avenue, Wigan, WN6	2	Terraced House
£850	09/25	0.55 mi	Rylands Street, Wigan, Greater Manchester, WN6 7BG	2	Terraced House
£695	11/24	0.58 mi	Stratford Street, Springfield	2	Terraced House
£850	09/25	0.61 mi	Kimberley Street, Wigan, WN6 7AJ	2	House
£775	08/25	0.61 mi	Moss Street,Wigan	2	Terraced House

Local Area Statistics

Population in WN6	39,72539,725
Population in Wigan	214,929214,929
Town centre distance	1.33 miles away1.33 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.32 miles away1.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+10%+10%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Price changed to £89,000

July 26, 2025

Price changed to £81,000

May 15, 2025

Price changed to £87,000

March 28, 2025

Price changed to £89,000

March 20, 2025

Price changed to £91,000

March 12, 2025

Price changed to £93,000

March 8, 2025

Price changed to £95,000

January 31, 2025

Price changed to £87,000

January 19, 2025

Price changed to £89,000

January 11, 2025

Price changed to £91,000

January 1, 2025

Price changed to £93,000

December 20, 2024

Price changed to £95,000

December 12, 2024

Price changed to £87,000

December 4, 2024

Price changed to £93,000

November 8, 2024

Listed for £95,000

October 28, 2024

Description

Buy-to-Let Opportunity +
Long Term Tenant Currently Situated +
Likely to attract enquiries from Serious Investors & Developers +
Spacious Lounge +
Modern Kitchen +
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 Bedroom Flat located in Wigan. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a modern kitchen and a spacious lounge.

Investment details

It currently produces an annual gross income of £7800 which could be increased by the new owner to a market rate of £8100 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents