2 Bed Flat, Single Let, Wigan, WN1 2LH £80,000

Newton Close, Wigan, WN1 2LH - 2 views - a year ago
Sold STC
Leasehold
BTL
ROI: 2%
~57 m²
Property image
Property image

ValuationUndervalued

Sold Prices£55K - £185K
Sold Prices/m²£1.1K/m² - £2.3K/m²

 

 

Square Metres

~57 m²
Price/m²£1.4K/m²

Value Estimate

£96,985
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£375 - £2,075

Rent Estimate

£388

Running Costs/mo

£348

Cashflow/mo

£40

Cashflow/yr

£485

ROI

2%

Gross Yield

6%

Local Sold Prices

48 sold prices from £55K to £185K, average is £90K. £1.1K/m² to £2.3K/m², average is £1.7K/m².

Price
Date
Distance
Address
Beds
 
£55K06/210.01 mi9, Newton Close, Wigan, Greater Manchester WN1 2LH2
£77K02/250.13 miMonument Mansions, Flat A1, Wigan Lane, Wigan WN1 2LE2
£77K02/250.13 miFlat A1, Monument Mansions, Wigan Lane, Wigan WN1 2LE2
£102.5K09/240.14 miFlat C4, Monument Mansions, Freckleton Street, Wigan WN1 2LE2
£102.5K09/240.14 miMonument Mansions, Flat C4, Freckleton Street, Wigan WN1 2LE2
£79K06/220.15 miC1, Monument Mansions, Wigan, Greater Manchester WN1 2LE2
£85K06/240.19 mi14, Cross Yard, Wigan WN1 1XF2
£85K06/240.19 mi14, Cross Yard, Wigan WN1 1XF2
£185K05/250.21 mi75, Bradshaw Street, Wigan WN1 3UZ2
£90K03/250.25 mi24, Woodlands Hall, Bradshaw Street, Wigan WN1 3US2
£90K03/250.25 mi24, Woodlands Hall, Bradshaw Street, Wigan WN1 3US2
£55K03/240.26 miNorthgate House, Apartment 6, Standishgate, Wigan WN1 1BP2
£133.9K10/220.41 mi5, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£145K07/220.41 mi34, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£127K06/210.41 mi27, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£136.5K02/250.41 miGemini Court, 22, Walkden Avenue, Wigan WN1 2JN2
£136.5K02/250.41 mi22, Gemini Court, Walkden Avenue, Wigan WN1 2JN2
£135K04/250.42 mi9, Gemini Court, Walkden Avenue, Wigan WN1 2JN2
£135K04/250.42 mi9, Gemini Court, Walkden Avenue, Wigan WN1 2JN2
£138K04/240.43 mi24, Chelmsford Mews, Wigan WN1 2PZ2
£105K08/230.55 mi7a, Park Road, Wigan, Greater Manchester WN1 1RY2
£85K05/240.68 mi16, Hackworth Close, Wigan WN1 3JQ2
£84K07/230.93 miApartment 20, Millside, Heritage Way, Wigan, Greater Manchester WN3 4BE2
£84K07/230.93 miMillside, 20, Heritage Way, Wigan WN3 4BE2
£84K07/230.93 mi20, Millside, Heritage Way, Wigan WN3 4BE2
£117.5K03/240.97 miTrencherfield Mill, Apartment 22, Heritage Way, Wigan WN3 4DU2
£117.5K02/240.97 miTrencherfield Mill, Apartment 30, Heritage Way, Wigan WN3 4DU2
£123K06/240.97 miTrencherfield Mill, Apartment 17, Heritage Way, Wigan WN3 4DU2
£117.5K03/240.97 miApartment 22, Trencherfield Mill, Heritage Way, Wigan WN3 4DU2
£115K08/230.97 miTrencherfield Mill, Apartment 28, Heritage Way, Wigan WN3 4DU2
£115K08/230.97 miApartment 28, Trencherfield Mill, Heritage Way, Wigan WN3 4DU2
£117.5K02/240.97 miApartment 30, Trencherfield Mill, Heritage Way, Wigan WN3 4DU2
£123K06/240.97 miApartment 17, Trencherfield Mill, Heritage Way, Wigan WN3 4DU2
£125K09/220.97 miApartment 17, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£122.5K10/210.97 miApartment 46, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£115K08/230.97 miApartment 28, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£74.8K07/220.99 mi94, Wharfside, Heritage Way, Wigan WN3 4AT2
£64K11/220.99 miWharfside, 57, Heritage Way, Wigan WN3 4AT2
£58.5K04/250.99 mi63, Wharfside, Heritage Way, Wigan WN3 4AT2
£71K05/240.99 mi108, Wharfside, Heritage Way, Wigan WN3 4AW2
£71K05/240.99 miWharfside, 108, Heritage Way, Wigan WN3 4AW2
£64K11/220.99 mi57, Wharfside, Heritage Way, Wigan WN3 4AT2
£58.5K04/250.99 mi63, Wharfside, Heritage Way, Wigan WN3 4AT2
£71K05/240.99 mi108, Wharfside, Heritage Way, Wigan WN3 4AW2
£74.8K07/220.99 mi94, Wharfside, Heritage Way, Wigan WN3 4AT2
£64K11/220.99 miApartment 57, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£74.8K07/220.99 miApartment 94, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£65K07/220.99 miApartment 49, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2

Local Rents

50 rents from £375/mo to £2.1K/mo, average is £750/mo.

Rent
Date
Distance
Address
Beds
 
£89508/250.1 miCharles Street, Wigan2
£65010/250.11 mi-2
£90011/250.12 miCharles Street, Wigan2
£90006/250.13 miCharles St, Wigan, WN12
£90009/250.13 mi-2
£69508/250.14 miMonument Mansions, Wigan Lane, Wigan, WN1 2LE2
£39508/250.14 miMonument Mansions, Wigan, WN1 2LE2
£69511/240.14 miMonument Mansions, Swinley, Wigan, WN12
£75010/250.14 miMonument Mansions, Wigan Lane, Wigan, WN1 2LE2
£62507/250.15 miSwinley Road, Wigan, WN1 2DN2
£72511/250.16 mi26 Freckleton Street, Wigan , 2
£72511/250.16 mi26 Freckleton Street, Wigan , 2
£2,07508/250.16 mi-2
£89510/250.18 miMabs Cross Court, Wigan, WN1 1ZL2
£77509/250.21 miStandishgate, Wigan, WN1 1XP2
£85008/250.22 mi53 Acton Street, Wigan , 2
£49508/250.23 miActon Street, Swinley, Wigan2
£75007/250.24 mi9 Dicconson Terrace, Wigan2
£67508/250.24 miWoodlands Hall, Whelley, Wigan, WN12
£77506/250.24 miWoodlands Hall, Whelley, Wigan, WN12
£89509/250.25 miSwinley Lane, Wigan2
£75011/240.25 miWoodlands Hall, Balcarres Avenue, Whelley, Wigan, WN1 3UN2
£72510/250.25 miWoodlands Hall, Balcarres Avenue, Whelley, Wigan, WN1 3UN2
£77508/250.25 miWoodlands Hall, Bradshaw Street, Whelley, Wigan, WN1 3US2
£77506/250.25 miWoodlands Hall, Whelley, Wigan, WN12
£77507/250.25 miWoodlands Hall, Whelley, Wigan, WN12
£82509/250.26 mi20A Swinley Road, Wigan, 2
£75010/250.26 mi3-5 Eccleston Street , Wigan, 2
£75010/250.26 mi3-5 Eccleston Street , Wigan, 2
£55007/250.27 miEccleston Street, Wigan,2
£79511/250.28 miNorthgate, Standishgate2
£85011/250.29 miHilton Street, Wigan, WN12
£57507/250.3 miFlat 1, 35 Dicconson Street, Wigan, WN1 2AS2
£37508/250.3 miPowell Street, Wigan, WN1 1XD2
£87508/250.32 miSilverdale, Wigan, Lancashire, WN12
£59508/250.33 mi3 Bridgeman Terrace, Wigan,2
£69508/250.34 mi3 Bridgeman Terrace, Wigan, 2
£72507/250.34 mi3 Bridgeman Terrace, Wigan, 2
£72510/250.34 mi15 Bridgeman Terrace, Wigan, 2
£72510/250.34 mi15 Bridgeman Terrace, Wigan, 2
£72507/250.34 mi3 Bridgeman Terrace, Wigan, 2
£52007/250.34 miGreat Acre, Wigan , WN12
£82510/250.35 miBalcarres Avenue, Whelley, WN1 3UX2
£77511/240.37 miWhelley, Whelley, Wigan, WN12
£80007/250.38 miBradshaw Street, Wigan, WN12
£77512/240.38 mi-2
£92507/250.39 mi-2
£65008/250.4 miWhelley, Whelley2
£49507/250.4 miBedford Street, Whelley, WN1 3YS2
£69511/240.41 miWindermere Street, Whelley,Wigan WN12

Local Area Statistics

Population in WN1

19,681

Population in Wigan

214,929

Town centre distance

1.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+45%

Property History

Price changed to £80,000

April 1, 2025

Listed for £85,000

December 18, 2024

Floor Plans

Property image

Description

  • Apartment +
  • Fully refurbished throughout +
  • Ideal investment opportunity +
  • Council tax band A +
  • Open plan lounge/ diner +
  • Walking distance to Wigan hospital and town centre +

Welcome to this refurbished two-bedroom apartment located in the Swinley area of Wigan. This lovely apartment presents an ideal investment opportunity and comes to the market with no onward chain. Upon entering the property, you are greeted by a bright and spacious open plan lounge/diner, offering a comfortable and inviting. The modern design and neutral colour scheme create a contemporary ambience throughout the living area. The apartment boasts two well-proportioned bedrooms. The bedrooms are flooded with natural light, creating a warm and welcoming atmosphere. Situated within walking distance of Wigan hospital and the town centre, this property benefits from a convenient location, ensuring easy access to a range of amenities, shops, and transport links. The property includes the added benefit of a garage, providing secure off-road parking and additional storage space. Council Tax Band A adds to the affordability of this investment opportunity, making it an attractive prospect for first-time buyers, investors, or those looking to downsize without compromising on quality. In conclusion, this two-bedroom apartment presents an exciting opportunity in today's property market, offering a blend of modern living, convenient location, and investment potential.

EPC Rating: E

Agent Details

Breakey & Co, Wigan

01942 590036

Next Steps?

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