2 Bed Flat, Cash/Bridging Only, Wigan, WN3 4AW, £75,000

Heritage Way, Wharfside Heritage Way, WN3 4AW - 3 views - 2 months ago

Sold STC
Leasehold
Cash
ROI: 6%
~68 m²
+14 photos

ValuationFair Value

Sold Prices£55K - £165K
Sold Prices/m²£822/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£109,136

Uplift in Value

+46%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£28,828

Bridging Loan Interest

£1,969

Total Cash In

£54,747

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£109,136

Mortgage (After Refinance)

£81,852

Mortgage LTV

75%

Cash Released

£25,602

Cash Left In

£29,145

Equity

£27,284

Rent Range

£575 - £2,450

Rent Estimate

£807

Running Costs/mo

£522

Cashflow/mo

£285

Cashflow/yr

£3,415

ROI

6%

Gross Yield

13%

Local Sold Prices

29 sold prices from £55K to £165K, average is £87K. £822/m² to £2.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£64K11/220 miApartment 57, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£74.8K07/220.01 miApartment 94, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£65K07/220.01 miApartment 49, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£125K09/220.11 miApartment 17, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£84K07/230.12 miApartment 20, Millside, Heritage Way, Wigan, Greater Manchester WN3 4BE2
£122.5K10/210.12 miApartment 46, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£115K08/230.12 miApartment 28, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£120K12/200.12 miApartment 43, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£65K05/230.31 mi2, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£73K04/220.32 mi4, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£105K08/230.79 mi7a, Park Road, Wigan, Greater Manchester WN1 1RY2
£60K12/210.91 mi165a, Poolstock Lane, Wigan, Greater Manchester WN3 5HW2
£142K04/230.96 mi318, Warrington Road, Wigan, Greater Manchester WN3 6PF2
£55K06/210.99 mi9, Newton Close, Wigan, Greater Manchester WN1 2LH2
£79K06/221.07 miC1, Monument Mansions, Wigan, Greater Manchester WN1 2LE2
£145K07/221.09 mi34, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£127K06/211.09 mi27, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£133.9K10/221.12 mi5, Chelmsford Mews, Wigan, Greater Manchester WN1 2PZ2
£165K03/211.17 mi8, Buckley Street West, Wigan, Greater Manchester WN6 7PQ2
£98K11/221.22 mi88, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£93K05/221.22 mi40, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£90K11/221.24 mi18, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/211.24 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/211.24 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K04/211.24 mi36, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82.5K11/211.24 mi16, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£87K04/231.42 mi42, Campbell Street, Wigan, Greater Manchester WN5 9HT2
£79K05/221.42 mi22, Fieldings Close, Pemberton, Wigan, Greater Manchester WN5 9JR2
£103K05/211.99 miFlat 3, The Sycamores, Elmfield Road, Wigan, Greater Manchester WN1 2RG2

Local Rents

20 rents from £575/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75011/240 miHeritage Way Wigan2
£2,45002/250 mi-2
£75011/240.01 miWharfside, Heritage Way, Wigan, WN32
£70011/240.01 miWharfside, Heritage Way, Wigan, WN32
£70011/240.11 mi-2
£80011/240.24 miWallgate Apartments, Victoria Mill, Miry Lane, Wigan, WN32
£60011/240.27 miRednal Walk, Poolstock, Wigan, WN3 5HF2
£82511/240.44 mi-2
£75011/240.45 mi-2
£65011/240.53 miMarket Street, Wigan, WN12
£65011/240.53 miMarket Street, Wigan, WN12
£62511/240.54 miMarket Street, Wigan, WN1 1HX2
£77512/240.56 mi-2
£77504/250.56 mi-2
£75011/240.56 mi-2
£85012/240.59 mi-2
£60002/250.6 mi-2
£57512/240.6 mi-2
£75011/240.61 mi-2
£77501/250.61 mi-2

Local Area Statistics

Population in WN3

30,089

Population in Wigan

214,929

Town centre distance

0.25 miles away

Nearest school

0.50 miles away

Nearest train station

0.23 miles away

 

 

Rental growth (12m)

+48%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £75,000

February 17, 2025

Floor Plans

Description

  • Modern two-bedroom penthouse apartment +
  • Open-plan kitchen and lounge +
  • Private balcony accessible from the lounge for outdoor relaxation +
  • Jack and Jill bathroom accessible from both bedrooms +
  • Master bedroom with its own balcony overlooking the canal +
  • Walking distance to the town centre and Robin Retail Park for shopping and dining +
  • Easy access to local bus routes and train stations +
  • Cash Buyers Only +
  • Leasehold and Council Tax Band C +
  • New cream carpets in Lobby, Stairs & Lounge +

This modern two-bedroom penthouse apartment located on Warfside Heritage Way offers a beautifully finished interior with stylish and contemporary design throughout. The spacious open-plan kitchen and lounge area is perfect for both relaxing and entertaining, featuring ample natural light. The lounge opens out onto a private balcony, ideal for enjoying a morning coffee or evening drinks. The apartment benefits from a cleverly designed Jack and Jill bathroom, accessible from both bedrooms, adding to the property's practical and stylish layout. The master bedroom is a standout feature, boasting its own private balcony with views overlooking the canal – a tranquil spot to unwind. Conveniently located within walking distance to the town centre and Robin Retail Park, you'll have easy access to a variety of shops, restaurants, local bus routes, train stations, and picturesque canal-side walks, offering the perfect balance of convenience and relaxation. Please note, this property is available for cash buyers only.

EPC Rating: D

Agent Details

Breakey & Co, Wigan

01942 590036

Next Steps?

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