2 Bed Flat, Single Let, Wigan, WN2 5LS, £75,000

Gas Street, Platt Bridge, Wigan, WN2 5LS - 3 views - a month ago

BTL
ROI: 16%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£53K - £175K
Sold Prices/m²£822/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£625 - £850

Rent Estimate

£695

Running Costs/mo

£393

Cashflow/mo

£302

Cashflow/yr

£3,620

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £53K to £175K, average is £83.5K. £822/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£53K12/200 mi7, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£67K09/220 mi19, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£89.3K07/220.02 mi27, Gas Street, Platt Bridge, Wigan, Greater Manchester WN2 5LS2
£102K09/220.97 mi20, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2
£95K09/230.97 mi14, Addington Close, Hindley, Wigan, Greater Manchester WN2 3NU2
£75K02/221.06 mi18, The Mews, Hindley, Wigan, Greater Manchester WN2 3EZ2
£88K01/231.1 mi228, Lily Lane, Bamfurlong, Wigan, Greater Manchester WN2 5JT2
£65K10/211.21 mi129, Market Street, Hindley, Wigan, Greater Manchester WN2 3AA2
£77K12/201.27 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£96K12/231.27 mi4, Merefield Close, Hindley, Wigan, Greater Manchester WN2 3PT2
£63K09/231.51 mi28, Rivington Drive, Bickershaw, Wigan, Greater Manchester WN2 4AL2
£115K10/221.73 miApartment 3, The Parsonage, Hoade Street, Hindley, Wigan, Greater Manchester WN2 2PY2
£60K12/212.06 mi165a, Poolstock Lane, Wigan, Greater Manchester WN3 5HW2
£100K06/222.09 mi4, Slackey Fold, Hindley Green, Wigan, Greater Manchester WN2 4XT2
£64K11/222.1 miApartment 57, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£74.8K07/222.1 miApartment 94, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£65K07/222.1 miApartment 49, Wharfside, Heritage Way, Wigan, Greater Manchester WN3 4AT2
£73K04/222.11 mi4, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£85K02/222.11 mi17, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£65K05/232.11 mi2, Rednal Walk, Wigan, Greater Manchester WN3 5HF2
£75K08/222.12 mi27, Meadow Field, Hindley Green, Wigan, Greater Manchester WN2 4GQ2
£105K07/212.14 mi40, East Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8ST2
£93K04/232.14 mi16, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£80K06/232.14 mi36, Longacre, Hindley Green, Wigan, Greater Manchester WN2 4LL2
£105K09/222.16 mi6, Heathlea Gardens, Hindley Green, Wigan, Greater Manchester WN2 4UE2
£69K12/232.16 mi356, Leigh Road, Hindley Green, Wigan, Greater Manchester WN2 4XL2
£84K07/232.22 miApartment 20, Millside, Heritage Way, Wigan, Greater Manchester WN3 4BE2
£125K09/222.22 miApartment 17, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£122.5K10/212.22 miApartment 46, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£115K08/232.22 miApartment 28, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£120K12/202.22 miApartment 43, Trencherfield Mill, Heritage Way, Wigan, Greater Manchester WN3 4DU2
£104.5K09/222.28 mi9, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£107K11/222.28 mi1, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£80K03/212.29 mi7, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£90K07/212.29 mi9, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£83K12/212.4 mi14, George Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8QD2
£142K04/232.54 mi318, Warrington Road, Wigan, Greater Manchester WN3 6PF2
£175K06/212.59 mi15, Corner Lane, Leigh, Greater Manchester WN7 5PY2
£55K06/212.59 mi9, Newton Close, Wigan, Greater Manchester WN1 2LH2
£98K11/222.66 mi88, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£93K05/222.66 mi40, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/212.69 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K05/212.69 mi32, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82K04/212.69 mi36, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£90K11/222.69 mi18, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£82.5K11/212.7 mi16, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£79K06/222.73 miC1, Monument Mansions, Wigan, Greater Manchester WN1 2LE2
£54K03/212.74 mi15, Regent Avenue, Ashton In Makerfield, Wigan, Greater Manchester WN4 0AX2
£54K03/212.76 mi15, Regent Avenue, Ashton In Makerfield, Wigan, Greater Manchester WN4 0AX2
£105K08/232.77 mi7a, Park Road, Wigan, Greater Manchester WN1 1RY2

Local Rents

21 rents from £625/mo to £850/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65003/250.04 mi-2
£62501/240.05 mi-2
£74903/250.11 mi-2
£75001/240.13 mi-2
£85001/250.13 mi-2
£85003/250.14 mi-2
£72010/240.15 mi-2
£75001/240.21 mi-2
£80003/250.22 mi-2
£79512/240.24 mi-2
£80010/240.26 mi-2
£75003/250.28 mi-2
£80001/250.28 mi-2
£70011/240.33 miCrystal Close, Platt Bridge, WN22
£69512/240.33 mi-2
£75002/240.34 mi-2
£75003/250.34 mi-2
£80001/250.35 mi-2
£69512/240.36 mi-2
£69503/250.37 mi-2
£79911/240.58 miWarrington Road, Wigan WN2 5QY2

Local Area Statistics

Population in WN2

52,661

Population in Wigan

214,929

Town centre distance

2.28 miles away

Nearest school

0.10 miles away

Nearest train station

1.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+50%

Property History

Listed for £75,000

February 25, 2025

Floor Plans

Description

  • Two bedroom apartment +
  • Open plan lounge + kitchen +
  • Spacious bedrooms +
  • Modern well presented bathroom +
  • Second floor postion +
  • No chain +

This property is ideal for first-time buyers looking to step onto the property ladder, or for investors seeking a valuable addition to their portfolio. With its desirable location, good condition and practical layout, this second floor apartment apartment is a fantastic opportunity not to be missed. As you enter the apartment, you are welcomed by a hallway which leads to the open-plan lounge & kitchen. The property boasts two spacious bedrooms, each offering a comfortable living space. The modern bathroom is well-maintained. EPC rating: C.

Agent Details

Belvoir, Wigan

01942 826096

Next Steps?

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