2 Bed Flat, Single Let, Wigan, WN2 4GQ, £90,000

Meadowfield, Hindley Green, Wigan, WN2 4GQ - 5 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~51 m²
+4 photos

ValuationOvervalued

Sold Prices£63K - £175K
Sold Prices/m²£1.1K/m² - £2.3K/m²

 

 

Square Metres

~51.30 m²
Price/m²£1.8K/m²

Value Estimate

£84,056

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£540 - £1,650

Rent Estimate

£762

Running Costs/mo

£454

Cashflow/mo

£308

Cashflow/yr

£3,700

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £63K to £175K, average is £96.3K. £1.1K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£75K08/220 mi27, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£85K02/220.01 mi17, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£93K04/230.03 mi16, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£80K06/230.03 mi36, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£69K12/230.07 mi356, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XL2
£100K06/220.18 mi4, Slackey Fold, Hindley Green, Wigan, Greater Manchester WN2 4XT2
£105K09/220.55 mi6, Heathlea Gardens, Hindley Green, Wigan, Greater Manchester WN2 4UE2
£63K09/230.62 mi28, Rivington Drive, Bickershaw, Wigan, Greater Manchester WN2 4AL2
£165K05/230.85 mi167a, Wigan Road, Leigh, Greater Manchester WN7 5DF2
£175K06/210.87 mi15, Corner Lane, Leigh, Greater Manchester WN7 5PY2
£107K12/231.19 mi4, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£75K09/211.19 mi36, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£103K12/231.19 mi82, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K01/231.19 mi2, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K08/231.19 mi28, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£95K10/221.19 mi50, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£79K03/231.33 mi37, Orchard Close, Leigh, Greater Manchester WN7 1NY2
£67K09/211.42 mi14, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£118K09/211.43 mi24, Kings Park, Leigh, Greater Manchester WN7 1UE2
£133K03/231.43 mi14, Kings Park, Leigh, Greater Manchester WN7 1UE2
£105K01/211.43 mi4, Kings Park, Leigh, Greater Manchester WN7 1UE2
£92K03/231.44 mi26, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£85K12/231.44 mi24, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£90K08/231.44 mi28, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£94K02/231.44 mi2, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£75K11/221.45 mi16, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£82.5K07/221.45 mi12, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£108K03/211.47 mi1, Inglenook Court, Leigh, Greater Manchester WN7 2BQ2
£115K08/231.47 mi10, Inglenook Court, Leigh, Greater Manchester WN7 2BQ2
£96.5K12/221.48 mi12, Water View Park, Leigh, Greater Manchester WN7 4JS2
£89K07/241.48 mi44, Water View Park, Leigh, Greater Manchester WN7 4JS2
£72K02/211.48 mi26, Waterview Park, Leigh, Greater Manchester WN7 4JS2
£100K06/211.48 mi60, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£95K11/211.48 mi18, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£107K03/231.48 mi54, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£120K09/231.48 mi42, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K05/221.48 mi16, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£85K11/231.48 mi38, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£75K03/211.48 mi48, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£115K10/221.48 mi28, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£90K03/231.48 mi18, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£117K09/231.48 mi20, Johnson Street, Atherton, Manchester, Greater Manchester M46 0RB2
£110K09/221.64 mi19, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£107.5K11/211.64 mi28, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£102K04/211.64 mi9, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£100K04/221.64 mi29, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£77K12/201.64 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£96K12/231.64 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£102K09/221.66 mi20, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2
£95K09/231.66 mi14, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2

Local Rents

23 rents from £540/mo to £1.6K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£80011/240.59 miLeigh Road, Wigan2
£95011/240.62 mi-2
£1,65011/240.62 mi-2
£1,05011/240.69 mi-2
£54011/240.83 mi-2
£80009/240.84 mi-2
£80011/240.84 mi-2
£79511/240.85 miCorner Lane, Leigh, Greater Manchester, WN72
£75011/240.85 mi-2
£76911/240.87 mi-2
£79511/240.94 miBeaumaris Road, Hindley Green2
£89511/240.97 mi-2
£77511/241 mi-2
£85012/241.05 mi-2
£82504/251.05 mi-2
£85004/251.06 mi-2
£82503/251.08 mi-2
£85002/251.14 mi-2
£79504/251.15 mi-2
£95002/251.17 mi-2
£82511/241.17 mi-2
£80011/241.19 mi-2
£87511/241.22 miHilton Park, Leigh, WN7 1RL2

Local Area Statistics

Population in WN2

52,661

Population in Wigan

214,929

Town centre distance

4.33 miles away

Nearest school

0.40 miles away

Nearest train station

2.24 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 £90,000

February 20, 2025

Price changed to £99,950

January 19, 2025

Listed for £100,000

October 28, 2024

Floor Plans

Description

  • No upward chain +
  • Attractive apartment block +
  • Well presented throughout +
  • Two bedrooms +
  • Open plan living +
  • Allocated parking space +
  • Lovely walks close by +

Available with no upward chain, this well presented 2ND FLOOR apartment is found within an attractive building with the benefit of an allocated parking space. Neutrally decorated within, you can simply move straight in making this an ideal choice for a first time buyer or potentially an excellent investment opportunity for a landlord.  Nestled within a quiet residential area with idyllic countryside views, the property is close to plenty of lovely walks as well as an array of local amenities including great schools.  Internally the property briefly comprises of an entrance hallway providing ample storage, the hallway then leads to the two bedrooms, bathroom and a spacious open plan living area and kitchen, which boasts an abundance of natural light that floods through.  Outside there is an allocated parking space.  No pets allowed EPC rating: E. Tenure: Leasehold,

Agent Details

Belvoir, Wigan

01942 826096

Next Steps?

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