2 Bed Flat, Single Let, Wigan, WN2 4GQ, £99,950

Meadow Field, Hindley Green, WN2 4GQ - 2 months ago

Leasehold
BTL
ROI: 11%
~68 m²
+2 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£111,602
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Total Cash In

£31,185

 

 

Cash Out

 

Rent Range

£540 - £1,650

Rent Estimate

£762

Running Costs/mo

£485

Cashflow/mo

£277

Cashflow/yr

£3,327

ROI

11%

Gross Yield

9%

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 
£75K08/220.01 mi27, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£85K02/220.01 mi17, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£93K04/230.02 mi16, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£80K06/230.02 mi36, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£69K12/230.06 mi356, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XL2
£100K06/220.17 mi4, Slackey Fold, Hindley Green, Wigan, Greater Manchester WN2 4XT2
£105K09/220.54 mi6, Heathlea Gardens, Hindley Green, Wigan, Greater Manchester WN2 4UE2
£63K09/230.63 mi28, Rivington Drive, Bickershaw, Wigan, Greater Manchester WN2 4AL2
£165K05/230.85 mi167a, Wigan Road, Leigh, Greater Manchester WN7 5DF2
£175K06/210.86 mi15, Corner Lane, Leigh, Greater Manchester WN7 5PY2
£107K12/231.18 mi4, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£75K09/211.18 mi36, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£103K12/231.18 mi82, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K01/231.18 mi2, Brentwood Grove, Leigh, Greater Manchester WN7 1UG2
£100K08/231.18 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
£108K03/211.46 mi1, Inglenook Court, Leigh, Greater Manchester WN7 2BQ2
£115K08/231.46 mi10, Inglenook Court, Leigh, Greater Manchester WN7 2BQ2
£100K06/211.47 mi60, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£95K11/211.47 mi18, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£107K03/231.47 mi54, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£120K09/231.47 mi42, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£100K05/221.47 mi16, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£85K11/231.47 mi38, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£75K03/211.47 mi48, Phaeton Close, Atherton, Manchester, Greater Manchester M46 0SF2
£115K10/221.47 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
£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
£110K09/221.63 mi19, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£107.5K11/211.63 mi28, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£102K04/211.63 mi9, Old Manor Park, Atherton, Manchester, Greater Manchester M46 0GP2
£100K04/221.63 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
£1,05011/240.68 mi-2
£54011/240.82 mi-2
£79511/240.84 miCorner Lane, Leigh, Greater Manchester, WN72
£80009/240.84 mi-2
£80011/240.84 mi-2
£75011/240.85 mi-2
£76911/240.87 mi-2
£79511/240.93 miBeaumaris Road, Hindley Green2
£89511/240.97 mi-2
£77511/241.01 mi-2
£85012/241.05 mi-2
£82504/251.05 mi-2
£85004/251.05 mi-2
£82503/251.08 mi-2
£85002/251.14 mi-2
£79504/251.15 mi-2
£82511/241.17 mi-2
£95002/251.18 mi-2
£80011/241.2 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

2.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+50%

Property History

Listed for £99,950

January 30, 2025

Description

  • Full Double Glazing +
  • Oven/Hob +

GROUND FLOOR APARTMENT - SITUATED ON A POPULAR ESTATE - OFF ROAD PARKING - GREAT OPPORTUNITY FOR FIRST TIME BUYERS, RETIREES OR RENTAL INVESTORS - CAN BE SOLD WITH OR WITHOUT THE TENANT IN SITU - VIEWINGS BY APPOINTMENT ONLY 

Borron Shaw are pleased to offer for sale this ground floor apartment for sale situated in Hindley Green. It comprises of:- Entrance Hallway, Lounge, Kitchen, Two Bedrooms and a Bathroom. It benefits from UPVC double glazing and is warmed by electric central heating. Externally the property has communal areas and parking spaces. This is a great opportunity and we highly recommend viewings. 

  • Entrance Hallway

    Entrance doors leads into the hallway.

  • **Lounge (**225" x 113")

    UPVC double glazed picture window, laminate flooring, radiator. 

  • Kitchen

    Fitted with a range of wall and base units, cupboards and drawers with contrasting work surfaces, stainless steel sink unit with drainer and mixer tap, built in electric oven and hob with stainless steel chimney vent over, partially tiled walls, radiator. UPBC double glazed window.

  • **Bedroom One (**121" x 85")

    UPVC double glazed window, radiator. 

  • **Bedroom Two (**85" x 91")

    UPVC double glazed window, laminate flooring, radiator. 

  • Bathroom

    Panelled bath, pedestal hand wash basin, low level WC, radiator.

  • Exterior

    Communal areas and gardens with parking.

Agent Details

Borron Shaw, Wigan

01942 368289

Next Steps?

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