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