2 Bed Terraced House, Single Let, Leigh, WN7 4TT, £100,000

182 FIRS LANE LEIGH, WN7 4TT - 11 views - 4 months ago

BTL
ROI: 11%
76 m²
+8 photos

ValuationUndervalued

Sold Prices£55K - £203K
Sold Prices/m²£737/m² - £3.2K/m²

 

 

Square Metres

76 m²
Price/m²£1.3K/m²

Value Estimate

£118,903
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£29,200

 

 

Cash Out

 

Rent Range

£625 - £1,650

Rent Estimate

£750

Running Costs/mo

£483

Cashflow/mo

£268

Cashflow/yr

£3,210

ROI

11%

Gross Yield

9%

Local Sold Prices

48 sold prices from £55K to £203K, average is £107.5K. £737/m² to £3.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£90K08/210.07 mi24, Firs Lane, Leigh, Greater Manchester WN7 4SB2
£110K09/230.08 mi240, Firs Lane, Leigh, Greater Manchester WN7 4TT2
£103.5K03/230.11 mi22, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£105K01/240.11 mi4, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£203K11/230.11 mi13a, Nangreaves Street, Leigh, Greater Manchester WN7 4TN2
£180K06/230.12 mi6, Firvale Close, Leigh, Greater Manchester WN7 4TG2
£85K05/230.13 mi9, Walter Street, Leigh, Greater Manchester WN7 4TY2
£120K12/230.14 mi1a, Fell Street, Leigh, Greater Manchester WN7 4RE2
£130.3K07/210.18 mi27, Bracken Road, Leigh, Greater Manchester WN7 4XA2
£140K01/240.18 mi27, Bracken Road, Leigh, Greater Manchester WN7 4XA2
£123K08/240.29 mi31, Firs Lane, Leigh, Greater Manchester WN7 4SA2
£109K11/210.32 mi21c, Scott Street, Leigh, Greater Manchester WN7 5AL2
£105K09/230.32 mi10, Scott Street, Leigh, Greater Manchester WN7 5AL2
£165K07/230.37 mi7, Jessica Way, Leigh, Greater Manchester WN7 4QG2
£175K09/210.4 mi18, Norley Road, Leigh, Greater Manchester WN7 4QL2
£145K05/240.4 mi17, Norley Road, Leigh, Greater Manchester WN7 4QL2
£115K09/230.44 mi3, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£105K08/230.44 mi21, Siddeley Street, Leigh, Greater Manchester WN7 5AZ2
£107K12/210.45 mi234, Twist Lane, Leigh, Greater Manchester WN7 4EL2
£103K05/210.45 mi1, Clifton Street, Leigh, Greater Manchester WN7 5AD2
£85K05/210.45 mi229, Twist Lane, Leigh, Greater Manchester WN7 4EH2
£125K10/210.46 mi7, Peacock Fold, Leigh, Greater Manchester WN7 5BG2
£55K03/210.46 mi34, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£122.5K10/230.46 mi35, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£127K05/230.46 mi22, Pilling Street, Leigh, Greater Manchester WN7 4ET2
£160K06/230.46 mi9, May Avenue, Leigh, Greater Manchester WN7 5DQ2
£100K08/210.48 mi3, Lostock Walk, Leigh, Greater Manchester WN7 5BB2
£85K02/240.49 mi13, Kearsley Street, Leigh, Greater Manchester WN7 4EP2
£77.5K06/210.5 mi223, Wigan Road, Leigh, Greater Manchester WN7 5DW2
£120K08/210.51 mi101, Ena Crescent, Leigh, Greater Manchester WN7 5ET2
£100K04/230.56 mi271, Wigan Road, Leigh, Greater Manchester WN7 5DP2
£97K05/210.59 mi57, Findlay Street, Leigh, Greater Manchester WN7 4EQ2
£108K08/210.6 mi6, Edna Road, Leigh, Greater Manchester WN7 5ES2
£70K12/200.61 mi18, Keats Street, Leigh, Greater Manchester WN7 5EQ2
£100K12/210.62 mi47, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£90K06/230.62 mi34, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£125K12/230.62 mi30, Fairhurst Street, Leigh, Greater Manchester WN7 4EE2
£97K03/210.65 mi3, Netherfields, Leigh, Greater Manchester WN7 5LD2
£105K06/210.66 mi4, Tinkersfield, Leigh, Greater Manchester WN7 5LB2
£135K12/200.67 mi8, Overton Street, Leigh, Greater Manchester WN7 4HZ2
£70K03/210.67 mi20, Twist Lane, Leigh, Greater Manchester WN7 4DA2
£55K04/210.68 mi56, Thirlmere Street, Leigh, Greater Manchester WN7 4DX2
£105K07/210.68 mi58, Thirlmere Street, Leigh, Greater Manchester WN7 4DX2
£91.6K09/230.68 mi46, Thirlmere Street, Leigh, Greater Manchester WN7 4DX2
£142K09/230.68 mi135, Twist Lane, Leigh, Greater Manchester WN7 4DW2
£132K01/240.68 mi25, Laxey Crescent, Leigh, Greater Manchester WN7 5HE2
£140K10/230.68 mi62, Laxey Crescent, Leigh, Greater Manchester WN7 5HF2
£120K09/230.68 mi27, Douglas Road, Leigh, Greater Manchester WN7 5HG2

Local Rents

50 rents from £625/mo to £1.6K/mo, average is £840/mo.

RentDateDistanceAddressBeds 
£85012/240.29 mi-2
£95002/250.36 mi-2
£85002/250.39 mi-2
£82504/250.41 mi-2
£79504/250.43 mi-2
£69511/240.57 mi15 Ledgard Avenue, Leigh, WN72
£85003/250.65 mi-2
£81502/250.66 mi-2
£95004/250.66 mi-2
£95011/240.67 mi-2
£1,65011/240.67 mi-2
£1,00004/250.68 mi-2
£62511/240.72 miUlleswater Street, Leigh2
£79511/240.72 miEtherstone Street, Leigh, Lancashire, WN7 4HY2
£80012/240.73 mi-2
£89504/250.77 mi-2
£90004/250.78 mi-2
£75012/240.8 mi-2
£85011/240.81 mi-2
£65011/240.82 miEtherstone Street, Leigh, WN7 4JB2
£85011/240.82 mi-2
£85004/250.82 mi-2
£75011/240.83 mi-2
£82502/250.83 mi-2
£87511/240.84 miHilton Park, Leigh, WN7 1RL2
£81003/250.86 mi-2
£80011/240.86 mi-2
£85011/240.87 mi-2
£83004/250.87 mi-2
£90004/250.88 mi-2
£85012/240.89 mi-2
£75012/230.89 mi-2
£70002/250.89 mi-2
£99512/240.89 mi-2
£75002/250.89 mi-2
£89503/250.91 mi-2
£80011/240.91 mi-2
£88009/240.92 mi-2
£75011/240.92 mi-2
£75011/240.93 mi-2
£89512/240.94 mi-2
£89502/250.94 mi-2
£70011/240.96 miLeigh Road, Leigh2
£82503/250.97 mi-2
£75011/230.99 mi-2
£90003/251 mi-2
£89511/241.02 mi-2
£80009/241.02 mi-2
£76911/241.02 mi-2
£85004/251.03 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

189.78 miles away

Nearest school

0.10 miles away

Nearest train station

3.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £100,000

December 19, 2024

Sold for £42,500

2009

Sold for £35,000

2002

Description

This two-bedroom terraced property is a fantastic opportunity for first-time buyers, investors, or anyone looking to put their own stamp on a home. With spacious interiors and a convenient location, this house has plenty of potential. The ground floor boasts a large reception room, ideal for relaxing or entertaining guests. To the rear, the property features a generously sized kitchen/diner, offering ample space for meal preparation and dining with family and friends. The layout is practical and provides a great foundation for modern upgrades. Upstairs, you’ll find two well-proportioned bedrooms. The master bedroom is impressively spacious, while the second bedroom is a large single, perfect as a guest room, home office, or children’s room. The family bathroom is of a good size and ready to be refreshed to suit your taste. Externally, the property benefits from a manageable rear yard, adding outdoor potential for gardening or leisure. Located in Leigh, the house is within easy reach of local amenities, including supermarkets, schools, and healthcare facilities. The nearby Parsonage Retail Park offers a range of shops and eateries. Transport links are excellent, with bus routes connecting to Wigan, Bolton, and Manchester. The A580 East Lancashire Road provides quick access to the motorway network, making it ideal for commuters. While the property has been a rental and may need some TLC, it presents a great opportunity to create a stylish and comfortable home in a sought-after area. Don't miss the chance to view!

Agent Details

Jacob Knight, Manchester

0161 524 8470

Next Steps?

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