2 Bed Flat, Single Let, Wigan, WN2 5LS, £70,000

Gas Street, Platt Bridge, WN2 5LS - 16 days ago

Leasehold
BTL
ROI: 15%
~68 m²
+16 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£86,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£625 - £850

Rent Estimate

£641

Running Costs/mo

£367

Cashflow/mo

£274

Cashflow/yr

£3,289

ROI

15%

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
£67K09/220.01 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
£88K01/231.09 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
£100K06/222.1 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
£80K03/212.28 mi7, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£90K07/212.28 mi9, Greenall Street, Ashton In Makerfield, Wigan, Greater Manchester WN4 8BZ2
£83K12/212.39 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
£82.5K11/212.69 mi16, Appleton Grove, Wigan, Greater Manchester WN3 6NY2
£79K06/222.73 miC1, Monument Mansions, Wigan, Greater Manchester WN1 2LE2
£54K03/212.73 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
£75001/240.14 mi-2
£85001/250.14 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
£80001/250.28 mi-2
£75003/250.28 mi-2
£70011/240.33 miCrystal Close, Platt Bridge, WN22
£69512/240.33 mi-2
£75002/240.33 mi-2
£75003/250.34 mi-2
£80001/250.35 mi-2
£69512/240.37 mi-2
£69503/250.37 mi-2
£79911/240.57 miWarrington Road, Wigan WN2 5QY2

Local Area Statistics

Population in WN2

52,661

Population in Wigan

214,929

Town centre distance

2.29 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 £70,000

March 18, 2025

Floor Plans

Description

  • Top-floor apartment with bright living spaces. +
  • Open-plan lounge/dining area and functional kitchen. +
  • Two spacious bedrooms with storage. +
  • Modern bathroom. +
  • Gated parking space. +
  • Great location near local shops +
  • Leasehold. +
  • Council tax Band B. +

Welcome to this charming two-bedroom apartment located on the third floor of a well-maintained building on Gas Street in Platt Bridge. This delightful property offers a bright and airy living space, perfect for modern living. Upon entering, you are greeted by a welcoming hallway that leads to all areas of the apartment. The spacious open-plan lounge and dining area provide a great space for relaxing or entertaining guests, with large windows that flood the room with natural light. The adjoining kitchen is well-equipped, offering a functional layout for cooking and meal preparation. The apartment features two good-sized bedrooms, both providing comfortable living spaces with ample storage options. The modern bathroom is designed with style and convenience in mind, ensuring comfort for everyday use. Externally, the property benefits from a gated parking space, providing secure off-road parking. The apartment is ideally located, with local shops and popular amenities, ensuring that everything you need is within easy reach. This lovely home is an ideal choice for professionals, small families, or those seeking a comfortable living space in a well-connected area. Don’t miss the opportunity to make this wonderful apartment your new home.

EPC Rating: C

Agent Details

Breakey & Co, Wigan

01942 590036

Next Steps?

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