3 Bed Terraced House, Refurb/BRRR, Wigan, WN5 9LJ, £185,000

Thorburn Road, Wigan, WN5 9LJ - 2 views - 15 days ago

Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£65K - £220K
Sold Prices/m²£769/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£156,413

 

 

End Value (After Refurb)

£156,875

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£39,363

Bridging Loan Interest

£4,856

Total Cash In

£102,669

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,875

Mortgage (After Refinance)

£117,656

Mortgage LTV

75%

Cash Left In

£102,669

Equity

£39,219

Rent Range

£725 - £2,500

Rent Estimate

£1,025

Running Costs/mo

£715

Cashflow/mo

£310

Cashflow/yr

£3,717

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £65K to £220K, average is £140K. £769/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£115K11/200.13 mi588, Ormskirk Road, Wigan, Greater Manchester WN5 9JX3
£100K05/240.13 mi556, Ormskirk Road, Wigan, Greater Manchester WN5 9JX3
£140K06/230.13 mi604, Ormskirk Road, Wigan, Greater Manchester WN5 9JX3
£140K08/210.13 mi5, Sherwood Drive, Wigan, Greater Manchester WN5 9QT3
£145K04/230.13 mi559, Ormskirk Road, Wigan, Greater Manchester WN5 9LH3
£200K12/220.16 mi2, Winton Avenue, Wigan, Greater Manchester WN5 9HQ3
£169.9K02/210.16 mi16, Winton Avenue, Wigan, Greater Manchester WN5 9HQ3
£136K01/210.16 mi521, Ormskirk Road, Wigan, Greater Manchester WN5 9LQ3
£95K04/210.16 mi443, Ormskirk Road, Wigan, Greater Manchester WN5 9LG3
£188K11/210.17 mi14, Meadowvale Drive, Pemberton, Wigan, Greater Manchester WN5 8AL3
£136K03/210.17 mi17, Mulberry Close, Wigan, Greater Manchester WN5 9QL3
£155K02/210.19 mi1, Brindley Street, Wigan, Greater Manchester WN5 8ET3
£140K12/200.2 mi7, Ansdell Road, Wigan, Greater Manchester WN5 9HH3
£147.5K03/230.2 mi663, Ormskirk Road, Wigan, Greater Manchester WN5 8AG3
£120K09/230.2 mi599, Ormskirk Road, Wigan, Greater Manchester WN5 8AG3
£153K03/240.2 mi34, Sherwood Drive, Wigan, Greater Manchester WN5 9RZ3
£155K02/230.2 mi20, Sherwood Drive, Wigan, Greater Manchester WN5 9RZ3
£138K08/230.21 mi5, Calder Place, Wigan, Greater Manchester WN5 9NB3
£105K09/210.21 mi64, Ellesmere Road, Wigan, Greater Manchester WN5 9LD3
£87.5K11/210.22 mi33, Chatsworth Street, Wigan, Greater Manchester WN5 8BQ3
£130K12/230.23 mi56a, Enfield Street, Wigan, Greater Manchester WN5 8DY3
£65K03/210.23 mi56a, Enfield Street, Wigan, Greater Manchester WN5 8DY3
£205K12/230.24 mi67, Valley Road, Wigan, Greater Manchester WN5 9HG3
£140K10/230.24 mi3, Claude Street, Wigan, Greater Manchester WN5 9QP3
£150K10/230.25 mi31, Millbeck Crescent, Pemberton, Wigan, Greater Manchester WN5 8DD3
£150K12/200.25 mi45, Millbeck Crescent, Pemberton, Wigan, Greater Manchester WN5 8DD3
£220K01/230.25 mi27, Millbeck Crescent, Pemberton, Wigan, Greater Manchester WN5 8DD3
£110K06/210.27 mi26, Bulteel Street, Wigan, Greater Manchester WN5 9NT3
£124K11/230.27 mi1, Bulteel Street, Wigan, Greater Manchester WN5 9NT3
£114K12/230.29 mi25, Howard Street, Wigan, Greater Manchester WN5 8BH3
£192K09/230.3 mi15, Valley Road, Wigan, Greater Manchester WN5 9HD3
£150K12/230.3 mi95, Sherwood Drive, Wigan, Greater Manchester WN5 9RS3
£137K06/230.3 mi68, Lamberhead Road, Wigan, Greater Manchester WN5 9TU3
£125K06/230.3 mi416, Ormskirk Road, Wigan, Greater Manchester WN5 9DF3
£120K09/210.31 mi72, Severn Drive, Wigan, Greater Manchester WN5 9NE3
£131K08/210.32 mi42, Scafell Drive, Wigan, Greater Manchester WN5 9TX3
£180K03/240.33 mi34, The Green, Wigan, Greater Manchester WN5 9UD3
£165K04/230.34 mi9, Linden Street, Wigan, Greater Manchester WN5 8DP3
£82K10/210.34 mi118, Enfield Street, Wigan, Greater Manchester WN5 8DJ3
£193K09/230.34 mi11, Burnaston Grove, Wigan, Greater Manchester WN5 9JA3
£135K01/240.34 mi12, Normanby Street, Wigan, Greater Manchester WN5 8BS3
£150K06/230.35 mi10, Larch Avenue, Wigan, Greater Manchester WN5 9PB3
£165K07/230.36 mi2, Portland Street, Pemberton, Wigan, Greater Manchester WN5 9PD3
£150K08/230.37 mi4, Thirlmere Road, Wigan, Greater Manchester WN5 9UQ3
£145K01/210.38 mi14, Headen Avenue, Wigan, Greater Manchester WN5 8BT3
£132K11/230.39 mi6, Elm Avenue, Wigan, Greater Manchester WN5 9NZ3
£121K05/210.39 mi21, Fieldings Close, Pemberton, Wigan, Greater Manchester WN5 9JR3
£170K09/210.4 mi30, Edinburgh Drive, Wigan, Greater Manchester WN5 9ET3
£80K11/200.4 mi794, Ormskirk Road, Wigan, Greater Manchester WN5 8AX3
£156K12/200.41 mi12, Helvellyn Road, Wigan, Greater Manchester WN5 9UP3

Local Rents

21 rents from £725/mo to £2.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92512/240.16 mi-3
£90011/240.21 mi-3
£90011/240.21 miSherwood Drive, Wigan, WN53
£75011/240.21 miSherwood Drive, Wigan, Lancashire, WN53
£85010/240.27 mi-3
£1,00012/230.28 mi-3
£1,05004/250.28 mi-3
£99512/240.29 mi-3
£99003/250.29 mi-3
£72511/240.29 miValley Road, Pemberton, Wigan, WN53
£2,50011/240.34 mi-3
£97503/250.43 mi-3
£90001/250.43 mi-3
£1,05004/250.47 mi-3
£90011/240.49 miComing Soon - Apartments 1 - 9 Kings Pit Mew Orrell WN5 8JW3
£1,00002/240.5 mi-3
£1,10001/250.51 mi-3
£1,40011/240.53 mi-3
£91002/240.56 mi-3
£75002/240.57 mi-3
£95011/240.57 mi-3

Local Area Statistics

Population in WN5

43,844

Population in Wigan

214,929

Town centre distance

1.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £185,000

March 27, 2025

Floor Plans

Description

  • Large End Terrace Family Home +
  • Lounge & Dining Room +
  • Fitted Kitchen & Utility/ W.C. +
  • Three Bedrooms & Family Bathroom +
  • Driveway Parking +
  • Gardens To The Front & Rear +
  • Close To Local Amenities & Transport Networks +
  • No Chain +
  • Viewing Highly Recommended +
  • Book Viewings Online 24/7 +

The Property
This large end-terrace family home is situated in a convenient location in Wigan, offering spacious living areas and excellent potential for modernisation. Ideal for growing families, the property provides a practical layout with well-proportioned rooms throughout.

Upon entering, you are greeted by an inviting entrance hall that leads to the main living areas. The generously sized lounge provides a comfortable space for relaxing, while the separate dining room is perfect for family meals or entertaining guests. The kitchen offers ample storage and work surfaces, while a utility room and a separate W.C. add convenience and practicality for family living.

To the first floor, there are three well-sized bedrooms, each offering flexible space for a growing family. The family bathroom is functional and well-maintained, featuring a bath, washbasin, and WC.

Externally, the property benefits from a driveway providing off-road parking, with gardens to the front and rear offering outdoor space for children to play or for relaxing in privacy.

Conveniently located with easy access to local amenities, schools, and transport links, this home is perfect for family living. With its spacious layout and potential for personalisation, early viewing is highly recommended to appreciate the full extent of what this lovely home has to offer. No chain. Book viewings online 24/7.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Wigan

020 3907 3656

Next Steps?

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