5 Bed HMO, Wigan, WN1 2BX, £235,000

Wrightington Street, Wigan, WN1 2BX - 4 views - 15 days ago

HMO
ROI: 7%
~178 m²
+14 photos

ValuationUndervalued

Sold Prices£175K - £760K
Sold Prices/m²£549/m² - £5.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.3K/m²

Value Estimate

£284,350
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Total Cash In

£71,700

 

 

Cash Out

 

Room Rate

£429

Gross Rent

£2,145

Running Costs/mo

£1,725

Cashflow/mo

£420

Cashflow/yr

£5,043

ROI

7%

Gross Yield

11%

Local Sold Prices

25 sold prices from £175K to £760K, average is £380K. £549/m² to £5.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£175K12/200 mi93, Wrightington Street, Wigan, Greater Manchester WN1 2BX5
£250K03/230.09 mi97, Dicconson Street, Wigan, Greater Manchester WN1 2BA5
£196.5K06/230.18 mi106, Swinley Road, Wigan, Greater Manchester WN1 2DJ5
£380K07/220.25 mi68, Kenyon Road, Wigan, Greater Manchester WN1 2DQ5
£200K09/210.27 mi2, Warnford Street, Wigan, Greater Manchester WN1 2EQ5
£243K01/210.31 mi76, Swinley Lane, Wigan, Greater Manchester WN1 2EF5
£350K09/220.37 mi12, Fellside, Wigan, Greater Manchester WN1 3XW5
£250K12/230.37 mi20, West Mount, Wigan, Greater Manchester WN1 3PA5
£500K11/200.42 mi1, Bellingham Mount, Wigan, Greater Manchester WN1 2NJ5
£425K01/210.54 mi32, Milton Grove, Wigan, Greater Manchester WN1 2PG5
£400K12/230.74 mi20, St Malo Road, Wigan, Greater Manchester WN1 2PN5
£690K04/210.75 mi275, Wigan Lane, Wigan, Greater Manchester WN1 2NT5
£280K04/230.87 mi198, Beech Hill Avenue, Wigan, Greater Manchester WN6 7QA5
£620K05/210.91 mi282, Wigan Lane, Wigan, Greater Manchester WN1 2RN5
£570K01/211.08 mi9a, Penbury Road, Wigan, Greater Manchester WN1 2RJ5
£760K01/231.19 mi14, Woodlands Park Close, Wigan, Greater Manchester WN1 2SD5
£580K05/211.21 mi3, Elmfield Road, Wigan, Greater Manchester WN1 2RG5
£200K01/211.29 mi18, Abbey Court, Wigan, Greater Manchester WN6 7TR5
£555K01/211.4 mi3, Hillvale, Standish, Wigan, Greater Manchester WN1 2SP5
£210K08/231.53 mi3, Cavendish Court, Ince, Wigan, Greater Manchester WN3 4JG5
£510K08/231.53 mi4, Sennicar Lane, Haigh, Wigan, Greater Manchester WN2 1LS5
£240K10/211.54 mi3, Manningford Court, Ince, Wigan, Greater Manchester WN3 4JF5
£590K01/231.61 mi28, Greenways, Standish, Wigan, Greater Manchester WN6 0AF5
£235K05/231.73 mi3, Morville Drive, Wigan, Greater Manchester WN3 5LA5
£425K01/211.77 mi1, Rassey Close, Standish, Wigan, Greater Manchester WN6 0BT5

Local Area Statistics

Population in WN1

19,681

Population in Wigan

214,929

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £235,000

March 26, 2025

Description

  • INVESTMENT OPPORTUNITY +
  • 5 BEDROOMS +
  • GR. RENTAL INCOME OF £25,740 PA +
  • EPC RATING D +
  • FULL OCCUPANCY +

*INVESTORS ONLY* Expert Property Shop are pleased to bring to market `For Sale` this well presented, 5 bedroom HMO with 4 Ensuites and 1 Off Suite bring offered with NO CHAIN and full occupancy.

Currently achieving a rental income of £25,740 (GR. PA) a GR Yield of 11%

The property is fully furnished and tastefully decorated throughout, boasting 4 en-suite bedrooms, 1 further bedroom, communal kitchen and bathroom and enclosed rear courtyard.

Viewings are highly recommended.

Bedroom1 - 13'7" (4.14m) Approx x 10'10" (3.3m) Approx
En-suite

Bedroom 2 - 13'7" (4.14m) Approx x 11'10" (3.61m) Approx
En-suite

Kitchen - 17'9" (5.41m) Approx x 7'0" (2.13m) Approx
Communal kitchen with appliances

Bedroom 3 - 13'6" (4.11m) Approx x 10'10" (3.3m) Approx
En-suite

Bedroom 4 - 12'11" (3.94m) Approx x 11'10" (3.61m) Approx
En-suite

Bedroom 5 - 11'10" (3.61m) Approx x 7'3" (2.21m) Approx

Communal Bathroom - 11'2" (3.4m) Approx x 7'0" (2.13m) Approx

what3words /// gross.fats.bump

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Expert Property Shop, Worksop

01909 498194

Next Steps?

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