3 Bed Semi-Detached House, Refurb/BRRR, Wigan, WN5 9JP, £145,000

Alexandra Crescent, Wigan, WN5 9JP - 2 views - a month ago

Leasehold
Auction
Refurb/BRRR
ROI: 4%
~93 m²
+16 photos

ValuationFair Value

Sold Prices£50K - £215K
Sold Prices/m²£362/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£145,000

 

 

End Value (After Refurb)

£153,297

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£39,363

Bridging Loan Interest

£3,806

Total Cash In

£89,619

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£153,297

Mortgage (After Refinance)

£114,973

Mortgage LTV

75%

Cash Released

£6,223

Cash Left In

£83,397

Equity

£38,324

Rent Range

£500 - £2,500

Rent Estimate

£994

Running Costs/mo

£698

Cashflow/mo

£296

Cashflow/yr

£3,554

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £215K, average is £137.5K. £362/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£98K03/210.04 mi66, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£92.5K11/200.04 mi40, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£124K02/240.04 mi90, Billinge Road, Wigan, Greater Manchester WN5 9JN3
£170K09/230.05 mi29, Alexandra Crescent, Wigan, Greater Manchester WN5 9JP3
£144K02/210.05 mi13, Alexandra Crescent, Wigan, Greater Manchester WN5 9JP3
£164.3K08/230.05 mi22, Billinge Road, Wigan, Greater Manchester WN5 9JW3
£145K11/230.08 mi286, Ormskirk Road, Wigan, Greater Manchester WN5 9DA3
£130K10/230.08 mi224, Ormskirk Road, Wigan, Greater Manchester WN5 9DA3
£103K05/230.09 mi133, Victoria Street, Wigan, Greater Manchester WN5 9BX3
£165K08/210.09 mi110, Victoria Street, Wigan, Greater Manchester WN5 9BX3
£110K08/230.12 mi251, Ormskirk Road, Wigan, Greater Manchester WN5 9DN3
£175K02/210.14 mi19, Balmoral Road, Wigan, Greater Manchester WN5 9EN3
£115K02/210.14 mi14, Woolden Street, Wigan, Greater Manchester WN5 9BZ3
£125K06/240.15 mi35, Cypress Road, Wigan, Greater Manchester WN5 9PQ3
£125K02/230.17 mi202, Ormskirk Road, Wigan, Greater Manchester WN5 9ED3
£140K05/230.17 mi8, Manor Street, Newtown, Wigan, Greater Manchester WN5 9BP3
£210K07/230.18 mi17, Alker Street, Wigan, Greater Manchester WN5 9BW3
£132K06/240.19 mi128, Billinge Road, Wigan, Greater Manchester WN5 9JH3
£135K07/210.19 mi20, Ridyard Street, Wigan, Greater Manchester WN5 9PA3
£155.5K07/230.19 mi11, Ridyard Street, Wigan, Greater Manchester WN5 9PA3
£102K01/210.19 mi21, Daisy Road, Wigan, Greater Manchester WN5 9PG3
£165K07/230.21 mi2, Portland Street, Pemberton, Wigan, Greater Manchester WN5 9PD3
£132K11/230.22 mi6, Elm Avenue, Wigan, Greater Manchester WN5 9NZ3
£150K06/230.22 mi10, Larch Avenue, Wigan, Greater Manchester WN5 9PB3
£150K10/230.23 mi39, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£175K01/240.23 mi45, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£155K04/230.23 mi21, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£150K03/210.23 mi53, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£153K07/230.23 mi29, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£215K11/220.25 mi25, Martindale Crescent, Wigan, Greater Manchester WN5 9DU3
£50K04/230.26 mi196, Warrington Road, Wigan, Greater Manchester WN3 6PD3
£170K09/210.26 mi30, Edinburgh Drive, Wigan, Greater Manchester WN5 9ET3
£85K10/230.26 mi58, Victoria Street, Wigan, Greater Manchester WN5 9BL3
£175K08/230.27 mi1, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£132K02/210.27 mi40, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£150K05/240.27 mi46, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£112K10/200.27 mi27, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£120K12/200.27 mi31, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£166K09/230.27 mi39, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£150K03/230.27 mi36, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£179K02/230.27 mi34, Reedsmere Close, Wigan, Greater Manchester WN5 9DX3
£130K07/240.27 mi126, Albert Street, Wigan, Greater Manchester WN5 9DR3
£157K09/230.27 mi5, Arundel Street, Newtown, Wigan, Greater Manchester WN5 9BQ3
£125K06/230.27 mi416, Ormskirk Road, Wigan, Greater Manchester WN5 9DF3
£96K04/210.27 mi139, Ormskirk Road, Wigan, Greater Manchester WN5 9DP3
£133K05/240.27 mi159, Ormskirk Road, Wigan, Greater Manchester WN5 9DP3
£116K01/240.28 mi8, Cheetham Grove, Wigan, Greater Manchester WN3 5UU3
£148.5K09/210.29 mi10, Holden Walk, Wigan, Greater Manchester WN5 9JQ3
£110K06/210.3 mi26, Bulteel Street, Wigan, Greater Manchester WN5 9NT3
£124K11/230.3 mi1, Bulteel Street, Wigan, Greater Manchester WN5 9NT3

Local Rents

18 rents from £500/mo to £2.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95011/240.03 mi-3
£1,10001/250.11 mi-3
£1,05004/250.15 mi-3
£97503/250.23 mi-3
£2,50011/240.25 mi-3
£77512/240.3 mi-3
£1,00012/230.3 mi-3
£1,05004/250.3 mi-3
£50011/240.34 mi-3
£95003/250.34 mi-3
£72511/240.39 miValley Road, Pemberton, Wigan, WN53
£92512/240.43 mi-3
£90011/240.48 mi-3
£90011/240.48 miSherwood Drive, Wigan, WN53
£75011/240.48 miSherwood Drive, Wigan, Lancashire, WN53
£99512/240.51 mi-3
£85010/240.59 mi-3
£99003/250.62 mi-3

Local Area Statistics

Population in WN5

43,844

Population in Wigan

214,929

Town centre distance

0.82 miles away

Nearest school

0.30 miles away

Nearest train station

0.53 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £145,000

March 14, 2025

Floor Plans

Description

  • Three-bedroom semi-detached property needing renovation. +
  • Entrance hallway leading to the main rooms. +
  • Open-plan kitchen/diner ideal for modernizing. +
  • Conservatory with views over a large garden. +
  • Spacious rear garden with extension potential (STP). +
  • Council Tax Band B, available for auction. +
  • EPC +
  • Leasehold +

Nestled in the sought-after area of Alexandra Crescent in Pemberton, this three-bedroom semi-detached property presents a fantastic opportunity for those seeking a renovation project or a chance to create a dream home. The property is offered for sale via auction and boasts great potential with its spacious accommodation and excellent location. Upon entering, you are greeted by a welcoming entrance hallway that provides access to the principal rooms of the house. The property features a large garden to the rear, offering ample outdoor space for family use, gardening enthusiasts, or potential extensions (subject to planning approval). The open-plan kitchen/diner provides a flexible space, perfect for creating a modern, social area once renovated. A conservatory to the rear offers a light and airy space that overlooks the garden, ideal for year-round enjoyment. The three well-proportioned bedrooms provide comfortable living space, although the property would benefit from updating throughout. This gives the new owner the perfect opportunity to modernize and add value. The home is currently within Council Tax Band B. This property is ideal for investors, first-time buyers, or those looking to take on a project. With the right vision, it could be transformed into a stunning family home. Alexandra Crescent is well-connected to local amenities, schools, and transport links, making it an appealing choice for a variety of buyers. Don’t miss the chance to secure this exciting opportunity. Early viewing is recommended. Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the
service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

EPC Rating: D

Agent Details

Breakey & Co, Wigan

01942 590036

Next Steps?

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