3 Bed Semi-Detached House, Refurb/BRRR, Wigan, WN5 9PY, £125,000

15 St James Road, Wigan, WN5 8SS - 10 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£80K - £215K
Sold Prices/m²£985/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£127,500

 

 

End Value (After Refurb)

£153,297

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£39,363

Bridging Loan Interest

£3,281

Total Cash In

£80,594

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£153,297

Mortgage (After Refinance)

£114,973

Mortgage LTV

75%

Cash Released

£21,223

Cash Left In

£59,372

Equity

£38,324

Rent Range

£725 - £2,500

Rent Estimate

£993

Running Costs/mo

£698

Cashflow/mo

£295

Cashflow/yr

£3,544

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £80K to £215K, average is £141.5K. £985/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£132K11/230.09 mi6, Elm Avenue, Wigan, Greater Manchester WN5 9NZ3
£143K05/230.1 mi83, Ridyard Street, Wigan, Greater Manchester WN5 9QD3
£135K07/210.11 mi20, Ridyard Street, Wigan, Greater Manchester WN5 9PA3
£155.5K07/230.11 mi11, Ridyard Street, Wigan, Greater Manchester WN5 9PA3
£110K06/210.12 mi26, Bulteel Street, Wigan, Greater Manchester WN5 9NT3
£124K11/230.12 mi1, Bulteel Street, Wigan, Greater Manchester WN5 9NT3
£150K06/230.13 mi10, Larch Avenue, Wigan, Greater Manchester WN5 9PB3
£165K07/230.13 mi2, Portland Street, Pemberton, Wigan, Greater Manchester WN5 9PD3
£102K01/210.16 mi21, Daisy Road, Wigan, Greater Manchester WN5 9PG3
£134.8K07/230.16 mi109, Heather Grove, Wigan, Greater Manchester WN5 9PN3
£140K10/230.19 mi3, Claude Street, Wigan, Greater Manchester WN5 9QP3
£136K03/210.19 mi17, Mulberry Close, Wigan, Greater Manchester WN5 9QL3
£153K03/240.2 mi34, Sherwood Drive, Wigan, Greater Manchester WN5 9RZ3
£155K02/230.2 mi20, Sherwood Drive, Wigan, Greater Manchester WN5 9RZ3
£145K02/240.21 mi52, Plane Avenue, Wigan, Greater Manchester WN5 9PT3
£150K12/230.21 mi95, Sherwood Drive, Wigan, Greater Manchester WN5 9RS3
£125K06/240.21 mi35, Cypress Road, Wigan, Greater Manchester WN5 9PQ3
£175K02/210.23 mi19, Balmoral Road, Wigan, Greater Manchester WN5 9EN3
£105K09/210.24 mi64, Ellesmere Road, Wigan, Greater Manchester WN5 9LD3
£125K06/230.25 mi416, Ormskirk Road, Wigan, Greater Manchester WN5 9DF3
£145K11/230.26 mi286, Ormskirk Road, Wigan, Greater Manchester WN5 9DA3
£130K10/230.26 mi224, Ormskirk Road, Wigan, Greater Manchester WN5 9DA3
£164.3K08/230.26 mi22, Billinge Road, Wigan, Greater Manchester WN5 9JW3
£145K09/230.26 mi33, Greenwood Avenue, Wigan, Greater Manchester WN5 9SG3
£80K12/200.27 mi125, Ridyard Street, Wigan, Greater Manchester WN5 9RQ3
£110K08/230.28 mi251, Ormskirk Road, Wigan, Greater Manchester WN5 9DN3
£140K08/210.28 mi5, Sherwood Drive, Wigan, Greater Manchester WN5 9QT3
£170K09/230.28 mi29, Alexandra Crescent, Wigan, Greater Manchester WN5 9JP3
£144K02/210.28 mi13, Alexandra Crescent, Wigan, Greater Manchester WN5 9JP3
£136K01/210.28 mi521, Ormskirk Road, Wigan, Greater Manchester WN5 9LQ3
£95K04/210.28 mi443, Ormskirk Road, Wigan, Greater Manchester WN5 9LG3
£133K04/230.29 mi85, Laithwaite Road, Wigan, Greater Manchester WN5 9RT3
£150K10/230.31 mi39, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£175K01/240.31 mi45, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£155K04/230.31 mi21, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£150K03/210.31 mi53, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£153K07/230.31 mi29, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£98K03/210.33 mi66, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£92.5K11/200.33 mi40, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£124K02/240.33 mi90, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£215K11/220.33 mi25, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£120K09/210.34 mi72, Severn Drive, Wigan, Greater Manchester WN5 9NE3
£175K08/230.34 mi1, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£132K02/210.34 mi40, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£150K05/240.34 mi46, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£112K10/200.34 mi27, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£120K12/200.34 mi31, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£166K09/230.34 mi39, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£150K03/230.34 mi36, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£179K02/230.34 mi34, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3

Local Rents

20 rents from £725/mo to £2.5K/mo, average is £913/mo.

RentDateDistanceAddressBeds 
£2,50011/240.08 mi-3
£97503/250.09 mi-3
£1,05004/250.16 mi-3
£90011/240.19 mi-3
£90011/240.19 miSherwood Drive, Wigan, WN53
£75011/240.19 miSherwood Drive, Wigan, Lancashire, WN53
£92512/240.19 mi-3
£99512/240.2 mi-3
£1,10001/250.21 mi-3
£1,00012/230.27 mi-3
£1,05004/250.27 mi-3
£85010/240.29 mi-3
£95011/240.3 mi-3
£99003/250.32 mi-3
£77512/240.35 mi-3
£72511/240.38 miValley Road, Pemberton, Wigan, WN53
£75011/240.51 mi-3
£90001/250.54 mi-3
£87503/250.55 mi-3
£89504/250.55 mi-3

Local Area Statistics

Population in WN5

43,844

Population in Wigan

214,929

Town centre distance

0.99 miles away

Nearest school

0.30 miles away

Nearest train station

0.60 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £125,000

January 20, 2025

Floor Plans

Description

  • Semi Detached Property +
  • Three Bedrooms +
  • Gas Central Heating and UPVC Double Glazing +
  • Driveway, Car Port and Gardens +
  • No Chain Involved +
  • Viewing Highly Recommended +

Offered For Sale with No Chain involved is this semi detached property in Worsley Hall. Its accommodation comprises briefly of an entrance hall, lounge, dining kitchen, rear hall, ground floor wet room and three first floor bedrooms. The property has gas central heating and UPVC double glazing and externally there is a driveway and car port to the side providing off road parking and storage and there is a generous rear garden. Having been a much loved family home for many years, the property does require some modernisation but offers excellent potential for its next owner. We thoroughly recommend internal viewing so please call now to book your appointment. EPC Grade Awaited. Freehold. Council Tax Band A

Agent Details

Addisons Estate and Letting Agent, Wigan

01942 559890

Next Steps?

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