4 Bed HMO, Wigan, WN2 5JB, £180,000

10, New Street, Wigan, WN2 5JB - 2 views - a month ago

Leasehold
HMO
ROI: 15%
113 m²

ValuationUndervalued

Sold Prices£145K - £395K
Sold Prices/m²£1K/m² - £4.1K/m²

 

 

Square Metres

113 m²
Price/m²£1.6K/m²

Value Estimate

£221,400
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Room Rate

£542

Gross Rent

£2,168

Running Costs/mo

£1,456

Cashflow/mo

£712

Cashflow/yr

£8,547

ROI

15%

Gross Yield

14%

Local Sold Prices

50 sold prices from £145K to £395K, average is £250K. £1K/m² to £4.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£200K04/230.17 mi3, Dunster Close, Platt Bridge, Wigan, Greater Manchester WN2 5HT4
£210K10/200.3 mi4, Coverdale Close, Platt Bridge, Wigan, Greater Manchester WN2 5EN4
£275K09/230.31 mi57, Lune Road, Platt Bridge, Wigan, Greater Manchester WN2 5HG4
£220K03/240.35 mi9, Waterford Close, Platt Bridge, Wigan, Greater Manchester WN2 5BX4
£240K11/200.36 mi11, Morano Drive, Platt Bridge, Wigan, Greater Manchester WN2 5BU4
£190K08/210.47 mi10, Byron Close, Abram, Wigan, Greater Manchester WN2 5PY4
£311K12/220.5 mi98, Simpkin Street, Abram, Wigan, Greater Manchester WN2 5PT4
£199K04/210.53 mi89, Simpkin Street, Abram, Wigan, Greater Manchester WN2 5PS4
£265K12/220.72 mi13, Fir Tree Drive, Ince, Wigan, Greater Manchester WN3 4UQ4
£175K07/230.78 mi25, Woodville Road, Ince, Wigan, Greater Manchester WN3 4PB4
£170K11/200.78 mi422, Warrington Road, Ince, Wigan, Greater Manchester WN3 4TF4
£250K10/200.98 mi2, Canning Close, Hindley, Wigan, Greater Manchester WN2 3NQ4
£257.5K03/210.98 mi7, Canning Close, Hindley, Wigan, Greater Manchester WN2 3NQ4
£145K02/210.99 mi7, Westbourne Close, Ince, Wigan, Greater Manchester WN3 4JE4
£310K11/220.99 mi23, Westbourne Close, Ince, Wigan, Greater Manchester WN3 4JE4
£250K02/231 mi37, Westbourne Close, Ince, Wigan, Greater Manchester WN3 4JE4
£163.5K05/231.04 mi2, Parkfields, Abram, Wigan, Greater Manchester WN2 5XR4
£197.5K04/231.04 mi65, Parkfields, Abram, Wigan, Greater Manchester WN2 5XR4
£218K03/211.04 mi81, Chatsworth Fold, Ince, Wigan, Greater Manchester WN3 4LT4
£270K02/231.04 mi32, Chatsworth Fold, Ince, Wigan, Greater Manchester WN3 4LT4
£179K12/201.05 mi4, Wooler Grove, Hindley, Wigan, Greater Manchester WN2 3SU4
£243K01/211.06 mi23, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ4
£292K12/221.06 mi27, Jennings Park Avenue, Abram, Wigan, Greater Manchester WN2 5YQ4
£258K11/201.09 mi46, Blackberry Drive, Hindley, Wigan, Greater Manchester WN2 3JU4
£234K12/201.09 mi35, Blackberry Drive, Hindley, Wigan, Greater Manchester WN2 3JU4
£295K01/241.09 mi43, Blackberry Drive, Hindley, Wigan, Greater Manchester WN2 3JU4
£218K02/211.1 mi3, Vale Gardens, Ince, Wigan, Greater Manchester WN3 4JD4
£258K06/211.11 mi24, Perceval Way, Hindley, Wigan, Greater Manchester WN2 3NP4
£280K06/211.11 mi14, Perceval Way, Hindley, Wigan, Greater Manchester WN2 3NP4
£185.5K02/211.11 mi5, Chatsworth Gardens, Ince, Wigan, Greater Manchester WN3 4NZ4
£240K01/231.11 mi11, Chatsworth Gardens, Ince, Wigan, Greater Manchester WN3 4NZ4
£300K01/231.13 mi5, Sheaves Close, Abram, Wigan, Greater Manchester WN2 5YS4
£242K09/211.14 mi31, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP4
£270K05/231.14 mi9, Holcroft Drive, Abram, Wigan, Greater Manchester WN2 5YP4
£302K10/221.16 mi14, Arncliffe Close, Hindley, Wigan, Greater Manchester WN2 3LH4
£235K12/201.18 mi1, Daisybank Close, Hindley, Wigan, Greater Manchester WN2 3DY4
£150K12/201.19 mi12, Cashmore Drive, Hindley, Wigan, Greater Manchester WN2 3JJ4
£300K07/231.21 mi5, Blissford Close, Hindley, Wigan, Greater Manchester WN2 3JT4
£250K03/211.22 mi17, Whitsbury Avenue, Hindley, Wigan, Greater Manchester WN2 3JH4
£245K11/201.31 mi1, Soham Close, Hindley, Wigan, Greater Manchester WN2 3XL4
£395K04/231.44 mi12, Brough Close, Hindley, Wigan, Greater Manchester WN2 4NY4
£235K08/231.44 mi20, Mount View, Ince, Wigan, Greater Manchester WN3 4NU4
£260K01/211.44 mi19, Glossop Way, Hindley, Wigan, Greater Manchester WN2 4NW4
£270K12/201.44 mi2, Glossop Way, Hindley, Wigan, Greater Manchester WN2 4NW4
£375K01/231.45 mi63, Askwith Road, Hindley, Wigan, Greater Manchester WN2 4NS4
£300K09/231.47 mi11, Caldew Close, Hindley, Wigan, Greater Manchester WN2 4NR4
£320K01/211.48 mi55, Westwood Lane, Ince, Wigan, Greater Manchester WN3 4NX4
£345K02/231.48 mi5, Baslow Avenue, Hindley, Wigan, Greater Manchester WN2 4NX4
£168K11/231.49 mi12, Junction Terrace, Ince, Wigan, Greater Manchester WN3 4QU4
£305K10/201.51 mi2, Monyash View, Hindley, Wigan, Greater Manchester WN2 4NT4

Local Area Statistics

Population in WN2

52,661

Population in Wigan

214,929

Town centre distance

2.30 miles away

Nearest school

0.10 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Seller's market

Capital growth (5yrs)

+50%

Property History

Listed for £180,000

March 6, 2025

Description

  • 6 person licensed HMO +
  • Four bedrooms +
  • 3 En-suite bedrooms +
  • 1 En-suite studio +
  • Lounge & seperate kitchen +
  • Gross income £26,000 per annum +

This semi detached property has been fully refurbished and has the benefit of a ground floor rear extension. The property is well presented throughout and is offered for sale fully furnished. The property is a 6 person licensed HMO with three en-suite bedrooms and and en-suite studio.

Agent Details

Healy Simpson, Wigan

01942 932108

Next Steps?

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

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