3 Bed House, Refurb/BRRR, Wigan, WN5 0QY, £130,000

Lancaster Road, Wigan, WN5 0QY - 4 views - 2 months ago

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

ValuationFair Value

Sold Prices£60K - £350K
Sold Prices/m²£682/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£136,703

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£39,363

Bridging Loan Interest

£3,413

Total Cash In

£82,125

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£136,703

Mortgage (After Refinance)

£102,527

Mortgage LTV

75%

Cash Released

£5,027

Cash Left In

£77,098

Equity

£34,176

Rent Range

£750 - £995

Rent Estimate

£931

Running Costs/mo

£633

Cashflow/mo

£298

Cashflow/yr

£3,571

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60K to £350K, average is £120K. £682/m² to £3.1K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£95.6K09/210.07 mi19, Canberra Road, Wigan, Greater Manchester WN5 0EG3
£80K03/210.11 mi24, Blenheim Road, Wigan, Greater Manchester WN5 0EQ3
£125K02/230.12 mi29, Sunderland Place, Wigan, Greater Manchester WN5 0QT3
£89K06/210.14 mi12, Wessex Road, Wigan, Greater Manchester WN5 0QP3
£125K09/230.17 mi8, Vulcan Road, Wigan, Greater Manchester WN5 0RQ3
£100K02/230.17 mi7, Viscount Road, Wigan, Greater Manchester WN5 0RE3
£87K12/200.17 mi43, Heyford Road, Wigan, Greater Manchester WN5 0RF3
£90K08/210.17 mi77, Comet Road, Wigan, Greater Manchester WN5 0ET3
£77K12/200.19 mi62, Kitt Green Road, Wigan, Greater Manchester WN5 0HJ3
£135K08/230.19 mi8, Victor Close, Wigan, Greater Manchester WN5 0RH3
£120K03/230.2 mi32, Canberra Road, Wigan, Greater Manchester WN5 0EH3
£122.5K02/230.25 mi59, Hector Road, Wigan, Greater Manchester WN5 0QN3
£150K07/230.26 mi8, Alvanley Close, Wigan, Greater Manchester WN5 0HL3
£92K02/210.29 mi16, Britannia Road, Wigan, Greater Manchester WN5 0EN3
£125K12/230.29 mi11, Hector Road, Wigan, Greater Manchester WN5 0QN3
£110K09/230.3 mi20, Marsh Green, Wigan, Greater Manchester WN5 0PU3
£105K09/230.31 mi38, Hampden Place, Wigan, Greater Manchester WN5 0QW3
£107K10/230.31 mi29, Hampden Place, Wigan, Greater Manchester WN5 0QW3
£82.5K01/210.34 mi72, Falkirk Grove, Wigan, Greater Manchester WN5 9XT3
£185K01/230.35 mi11, Ashington Close, Wigan, Greater Manchester WN5 0JT3
£105K09/210.35 mi38, Hunter Road, Wigan, Greater Manchester WN5 0PX3
£128K06/240.38 mi286, City Road, Wigan, Greater Manchester WN5 0HP3
£100K10/230.38 mi320, City Road, Wigan, Greater Manchester WN5 0HP3
£215K12/220.39 mi28, Buckland Drive, Wigan, Greater Manchester WN5 0JR3
£140K12/200.4 mi3, Eccles Road, Orrell, Wigan, Greater Manchester WN5 0HR3
£103K08/240.41 mi71, Selkirk Grove, Wigan, Greater Manchester WN5 9XY3
£63K03/210.41 mi246, City Road, Wigan, Greater Manchester WN5 0BJ3
£120K03/240.41 mi246, City Road, Wigan, Greater Manchester WN5 0BJ3
£155K01/240.41 mi17, Commodore Place, Wigan, Greater Manchester WN5 0QB3
£235K12/220.42 mi26, Buckland Drive, Wigan, Greater Manchester WN5 0JR3
£82.3K05/210.44 mi4, Smith Avenue, Orrell, Wigan, Greater Manchester WN5 0BN3
£60K07/210.46 mi22, Sinclair Place, Wigan, Greater Manchester WN5 9SP3
£113K09/210.47 mi21, Hunter Road, Wigan, Greater Manchester WN5 0QE3
£123K02/210.47 mi42, Prescott Lane, Orrell, Wigan, Greater Manchester WN5 0HS3
£164.5K03/240.48 mi33, Montrose Avenue, Wigan, Greater Manchester WN5 9SL3
£155K08/210.48 mi21, Sherwood Crescent, Wigan, Greater Manchester WN5 9RN3
£150K02/230.48 mi15, Sherwood Crescent, Wigan, Greater Manchester WN5 9RN3
£92K10/210.48 mi135, City Road, Wigan, Greater Manchester WN5 0BA3
£120K05/240.52 mi35, Dean Crescent, Orrell, Wigan, Greater Manchester WN5 0HY3
£350K11/220.52 mi11, Ashridge Way, Orrell, Wigan, Greater Manchester WN5 0HD3
£300K07/230.53 mi8, Vanbrugh Grove, Orrell, Wigan, Greater Manchester WN5 0HA3
£256K03/210.53 mi14, Vanbrugh Grove, Orrell, Wigan, Greater Manchester WN5 0HA3
£120K09/210.54 mi72, Severn Drive, Wigan, Greater Manchester WN5 9NE3
£148K10/230.55 mi101, Silverdale Road, Orrell, Wigan, Greater Manchester WN5 0DW3
£136K07/210.55 mi75, Silverdale Road, Orrell, Wigan, Greater Manchester WN5 0DW3
£80K12/200.56 mi125, Ridyard Street, Wigan, Greater Manchester WN5 9RQ3
£172.5K06/230.57 mi5, Helvellyn Road, Wigan, Greater Manchester WN5 9UP3
£156K12/200.57 mi12, Helvellyn Road, Wigan, Greater Manchester WN5 9UP3
£115K04/210.57 mi7, Mayfield Road, Orrell, Wigan, Greater Manchester WN5 0HZ3
£133K04/230.57 mi85, Laithwaite Road, Wigan, Greater Manchester WN5 9RT3

Local Rents

10 rents from £750/mo to £995/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£85001/250.15 mi-3
£99508/240.19 mi-3
£75011/240.38 miCourier Place, Wigan3
£90001/250.44 mi-3
£87503/250.44 mi-3
£89504/250.44 mi-3
£91002/240.54 mi-3
£99003/250.55 mi-3
£85010/240.59 mi-3
£75011/240.62 mi-3

Local Area Statistics

Population in WN5

43,844

Population in Wigan

214,929

Town centre distance

1.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.07 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £130,000

February 6, 2025

Floor Plans

Description

  • A fantastic opportunity for a starter home in a convenient location +
  • In need of some renovation throughout but offering excellent potential +
  • Close to a large range of local amenities, schools & leisure complex +
  • Well placed for easy of travel into Town Centre & around the borough +
  • Bright and airy dual aspect reception room +
  • Modern fitted kitchen diner with additional storage +
  • Double master bedroom plus two further bedrooms +
  • Fully tiled family bathroom with a three piece suite in white +
  • Lawned gardens to the front & rear +

Set within the bustling community of Kitt Green, this charming 3-bedroom house presents a fantastic opportunity for those seeking a starter home with immense potential. While in need of some renovation to taste, this property boasts a convenient location close to a diverse array of local amenities, schools, and a leisure complex, offering a lifestyle of ease and accessibility.

Positioned strategically for quick access to the Town Centre and surrounding areas, this home features a bright and airy dual aspect reception room, perfect for relaxing or entertaining guests. The modern fitted kitchen diner includes additional storage, providing functionality and style in one space.

The double master bedroom along with two further bedrooms offer ample accommodation for a growing family or those requiring space for guests. The fully tiled family bathroom completes the interior, featuring a pristine three-piece suite in white. Outside, the property showcases lawned gardens to the front and rear, offering outdoor spaces for gardening, playing, or simply soaking up the sun.

This well cared for family home located in a highly convenient neighbourhood this property beckons new owners to unlock its full potential and create a personalised haven in the heart of Wigan.
EPC Rating: D

Agent Details

ALAN BATT SALES AND LETTINGS LIMITED, Wigan

01942 946579

Next Steps?

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