4 Bed HMO, Wigan, WN1 3BS, £145,000

206 Darlington Street East, Wigan, WN1 3BS - 5 views - 17 days ago

Leasehold
HMO
ROI: 22%
90 m²
+10 photos

ValuationUndervalued

Sold Prices£125K - £355K
Sold Prices/m²£823/m² - £2.8K/m²

 

 

Square Metres

90 m²
Price/m²£1.6K/m²

Value Estimate

£157,000
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Total Cash In

£44,700

 

 

Cash Out

 

Room Rate

£533

Gross Rent

£2,132

Running Costs/mo

£1,327

Cashflow/mo

£805

Cashflow/yr

£9,654

ROI

22%

Gross Yield

18%

Local Sold Prices

35 sold prices from £125K to £355K, average is £238K. £823/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£157K11/220.52 mi17, Wells Place, Wigan, Greater Manchester WN1 3JZ4
£168K11/230.53 mi12, Junction Terrace, Ince, Wigan, Greater Manchester WN3 4QU4
£300K05/230.58 mi64, Great Acre, Wigan, Greater Manchester WN1 3NR4
£320K01/210.61 mi55, Westwood Lane, Ince, Wigan, Greater Manchester WN3 4NX4
£262K06/210.62 mi56, Upper Dicconson Street, Wigan, Greater Manchester WN1 2AG4
£185K08/210.63 mi21, Dicconson Terrace, Wigan, Greater Manchester WN1 2AF4
£245K10/230.64 mi77, Dicconson Street, Wigan, Greater Manchester WN1 2AT4
£235K08/230.64 mi20, Mount View, Ince, Wigan, Greater Manchester WN3 4NU4
£256K10/220.65 mi8, Locks View, Ince, Wigan, Greater Manchester WN1 3HL4
£170K11/210.66 mi29, Wigan Lane, Wigan, Greater Manchester WN1 1XR4
£212K09/230.66 mi8, St James Grove, Wigan, Greater Manchester WN3 5BX4
£136K11/200.68 mi7, Moore Street East, Wigan, Greater Manchester WN1 3XZ4
£312.5K11/200.69 mi2, Georges Lane, Ince, Wigan, Greater Manchester WN1 3HQ4
£353K02/210.69 mi9, Greenacre, Wigan, Greater Manchester WN1 3NY4
£182K11/200.7 mi11, Fourteen Meadows Road, Wigan, Greater Manchester WN3 5BS4
£252K11/220.74 mi109, Dicconson Street, Wigan, Greater Manchester WN1 2BA4
£180K12/200.74 mi33, Moore Street, Wigan, Greater Manchester WN1 3XX4
£255K08/230.75 mi141, Dicconson Street, Wigan, Greater Manchester WN1 2BA4
£267K10/210.75 mi33, Trafalgar Road, Wigan, Greater Manchester WN1 2BB4
£280K02/210.79 mi49e, Bradshaw Street, Wigan, Greater Manchester WN1 3UZ4
£300K01/210.8 mi11, High Street, Wigan, Greater Manchester WN1 2LW4
£245K09/230.81 mi1, Woodchurch, Wigan, Greater Manchester WN1 3YZ4
£150K11/200.81 mi5, Weldon Grove, Wigan, Greater Manchester WN1 3XP4
£290K12/220.82 mi10, Fielders Close, Wigan, Greater Manchester WN3 5AX4
£355K01/240.83 mi94, Swinley Road, Wigan, Greater Manchester WN1 2DL4
£125K03/210.86 mi15, Edinburgh Close, Ince, Wigan, Greater Manchester WN2 2JQ4
£163K01/210.87 mi11, Ashland Avenue, Wigan, Greater Manchester WN1 2DP4
£185.5K02/210.89 mi5, Chatsworth Gardens, Ince, Wigan, Greater Manchester WN3 4NZ4
£240K01/230.89 mi11, Chatsworth Gardens, Ince, Wigan, Greater Manchester WN3 4NZ4
£180K09/210.9 mi54, Swinley Lane, Wigan, Greater Manchester WN1 2EB4
£230K12/220.9 mi56, Swinley Lane, Wigan, Greater Manchester WN1 2EB4
£218K02/210.91 mi3, Vale Gardens, Ince, Wigan, Greater Manchester WN3 4JD4
£270K02/230.96 mi32, Chatsworth Fold, Ince, Wigan, Greater Manchester WN3 4LT4
£218K03/210.96 mi81, Chatsworth Fold, Ince, Wigan, Greater Manchester WN3 4LT4
£238K10/230.98 mi33, Park Road, Wigan, Greater Manchester WN6 7AA4

Local Area Statistics

Population in WN1

19,681

Population in Wigan

214,929

Town centre distance

0.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £145,000

March 24, 2025

Description

  • Immaculately Finished Throughout +
  • 4 Bedroom HMO +
  • Fully Furnished +
  • Popular Residential Location +
  • 5 Minute Walk to Town Centre +
  • Close to Transport and Commuter Links +
  • Modern Tasteful Decor +
  • Double Glazing +
  • ideal for Investor Purchase +
  • No Upward Chain +

HMO Conversion It is with pleasure that Sapphire Homes are in a position to offer this 4 bedroom HMO in the heart of Wigan close to the town centre and Wigan Infirmary. The property is well presented throughout and there are four bedrooms in total in the property and range upwards in size and prize. The property is Fully furnished throughout and has a neutral, gas central heating, double glazing and low maintenance garden. In brief the accommodation has the 4 bedrooms, communal kitchen, shared bathroom, additional W.C. and each bedroom has a secure lock on their door, carpeted flooring and tasteful furnishings. Ideal for investor looking to buy a ready made building that can be income generating from the offset. Can be sold with tenants in situ or vacant possession. No Upward Chain.

Please note, images are from March 2024

Ground Floor -

Entrance / Hallway -

Kitchen -

Bedroom 1 -

First Floor -

Landing -

Bathroom -

W.C. -

External -

Rear Garden -

Agent Details

Sapphire Homes, Wigan

01942 925840

Next Steps?

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