2 Bed Terraced House, Refurb/BRRR, Wigan, WN1 3EY, £100,000

57, Brookhouse Street, Wigan, WN1 3EY - 2 views - 7 days ago

Leasehold
Refurb/BRRR
ROI: 6%
60 m²
+6 photos

ValuationOvervalued

Sold Prices£65K - £160K
Sold Prices/m²£868/m² - £3K/m²

 

 

Square Metres

60 m²
Price/m²£1.7K/m²

Value Estimate

£74,305

 

 

End Value (After Refurb)

£91,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£25,395

Bridging Loan Interest

£2,625

Total Cash In

£60,970

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,500

Mortgage (After Refinance)

£68,625

Mortgage LTV

75%

Cash Left In

£60,970

Equity

£22,875

Rent Range

£575 - £2,450

Rent Estimate

£791

Running Costs/mo

£464

Cashflow/mo

£327

Cashflow/yr

£3,922

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £160K, average is £95K. £868/m² to £3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£100K02/230.04 mi3, Walmesley Street, Wigan, Greater Manchester WN1 3HA2
£125K07/230.05 mi32, Cambridge Way, Wigan, Greater Manchester WN1 3EN2
£125K10/210.08 mi8, Vulcan Drive, Wigan, Greater Manchester WN1 3EW2
£90K03/210.08 mi84, Darlington Street East, Wigan, Greater Manchester WN1 3AT2
£72K06/210.17 mi15, Rupert Street, Wigan, Greater Manchester WN1 3EQ2
£125K02/230.19 mi153, Darlington Street East, Wigan, Greater Manchester WN1 3EF2
£103K01/210.21 mi125, Hardybutts, Wigan, Greater Manchester WN1 3RD2
£103K01/210.21 mi125, Hardybutts, Wigan, Greater Manchester WN1 3RD2
£66K10/200.23 mi16, Bryham Street, Wigan, Greater Manchester WN1 3LY2
£97.5K09/230.24 mi45, Scholefield Lane, Wigan, Greater Manchester WN1 3LR2
£79K05/210.24 mi29, Harper Street, Wigan, Greater Manchester WN1 3BN2
£90K08/230.24 mi12, Baldwin Street, Wigan, Greater Manchester WN1 3LZ2
£90K11/230.25 mi30, Hackworth Close, Wigan, Greater Manchester WN1 3JQ2
£125.5K03/230.25 mi15, Hackworth Close, Wigan, Greater Manchester WN1 3JQ2
£112.5K11/230.26 mi154, Hardybutts, Wigan, Greater Manchester WN1 3NE2
£65K11/220.31 mi17, Chatham Street, Wigan, Greater Manchester WN1 3DB2
£95K07/210.34 mi13, Henry Park Street, Ince, Wigan, Greater Manchester WN1 3DA2
£85K09/210.35 mi10, Hartley Terrace, Wigan, Greater Manchester WN3 4HY2
£115K01/210.36 mi83, Red Brook Road, Ince, Wigan, Greater Manchester WN3 4JQ2
£108K10/200.36 mi47, Red Brook Road, Ince, Wigan, Greater Manchester WN3 4JQ2
£67K02/210.36 mi51, Gordon Street, Ince, Wigan, Greater Manchester WN1 3DF2
£77K05/230.36 mi33, Gordon Street, Ince, Wigan, Greater Manchester WN1 3DF2
£88K02/210.37 mi13, Cecil Street, Wigan, Greater Manchester WN1 3JL2
£75K03/210.37 mi8, Cecil Street, Wigan, Greater Manchester WN1 3JL2
£100K10/230.37 mi43, Leader Street, Ince, Wigan, Greater Manchester WN1 3JH2
£78.5K06/210.37 mi54, Lorne Street, Wigan, Greater Manchester WN1 3JJ2
£78K10/230.37 mi40, Lorne Street, Wigan, Greater Manchester WN1 3JJ2
£87K08/210.48 mi15, Winifred Street, Ince, Wigan, Greater Manchester WN3 4SD2
£82K03/210.48 mi39, Winifred Street, Ince, Wigan, Greater Manchester WN3 4SD2
£69K07/210.49 mi6, Windermere Street, Wigan, Greater Manchester WN1 3NW2
£100K03/230.49 mi3, Windermere Street, Wigan, Greater Manchester WN1 3NW2
£91K09/210.49 mi37, Manley Street, Ince, Wigan, Greater Manchester WN3 4RY2
£110K03/240.5 mi48, Manley Street, Ince, Wigan, Greater Manchester WN3 4RY2
£83.3K10/210.51 mi79, Manley Street, Ince, Wigan, Greater Manchester WN3 4SA2
£83K04/210.51 mi58, Manley Street, Ince, Wigan, Greater Manchester WN3 4SA2
£70.5K11/200.51 mi76, Manley Street, Ince, Wigan, Greater Manchester WN3 4SA2
£100K05/230.51 mi4, Vine Street, Wigan, Greater Manchester WN1 3PG2
£85K02/210.51 mi26, Vine Street, Wigan, Greater Manchester WN1 3PG2
£95K07/210.52 mi6, Dicconson Crescent, Wigan, Greater Manchester WN1 2AB2
£125K12/220.52 mi6, Dicconson Crescent, Wigan, Greater Manchester WN1 2AB2
£140K05/210.54 mi9, Windleshaw Street, Ince, Wigan, Greater Manchester WN3 4RU2
£74K03/210.56 mi202, Ince Green Lane, Ince, Wigan, Greater Manchester WN3 4RJ2
£105K12/220.56 mi10, Junction Terrace, Ince, Wigan, Greater Manchester WN3 4QU2
£95K06/210.57 mi61, Northumberland Street, Wigan, Greater Manchester WN1 3PZ2
£130K10/230.59 mi31, Roach Green, Wigan, Greater Manchester WN1 3YG2
£92K05/230.6 mi25, Deanery Court, Wigan, Greater Manchester WN1 1HZ2
£154K12/230.6 mi2, Moorings Close, Ince, Wigan, Greater Manchester WN1 3HB2
£105K05/210.6 mi2, Violet Street, Ince, Wigan, Greater Manchester WN3 4QS2
£160K03/210.6 mi11, Malpas Avenue, Wigan, Greater Manchester WN1 3PW2
£117.5K02/240.6 miTrencherfield Mill, Apartment 30, Heritage Way, Wigan, Greater Manchester WN3 4DU2

Local Rents

26 rents from £575/mo to £2.5K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£77512/240.02 mi-2
£77504/250.02 mi-2
£60002/250.09 mi-2
£57512/240.13 mi-2
£85012/240.14 mi-2
£85004/250.17 mi-2
£75004/250.2 mi-2
£92502/250.25 mi-2
£95012/240.26 mi-2
£57511/240.34 miHenry Park Street, Ince, Wigan, WN12
£75002/250.38 mi-2
£65011/240.41 miBroomfield Terrace, Ince, Wigan, WN12
£60001/250.42 mi-2
£65011/240.49 miMarket Street, Wigan, WN12
£65011/240.49 miMarket Street, Wigan, WN12
£69511/240.49 miWindermere Street, Whelley,Wigan WN12
£62511/240.49 miMarket Street, Wigan, WN1 1HX2
£2,45002/250.54 mi-2
£75011/240.54 miHeritage Way Wigan2
£75011/240.54 miWharfside, Heritage Way, Wigan, WN32
£70011/240.54 miWharfside, Heritage Way, Wigan, WN32
£77511/240.56 miWhelley, Whelley, Wigan, WN12
£70011/240.56 mi-2
£75011/240.6 mi-2
£75002/250.61 mi-2
£75004/250.61 mi-2

Local Area Statistics

Population in WN1

19,681

Population in Wigan

214,929

Town centre distance

0.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £100,000

April 4, 2025

Floor Plans

Description

  • Large terrace house +
  • Two reception rooms +
  • Two double bedrooms +
  • Town centre location +
  • Private enclosed yard +
  • No chain delay +
  • Gas central heating / Double glazing +
  • 798 SQ.FT. +

Perfectly positioned within a convenient 10-minute walk of Wigan town centre, this Victorian terrace house boasts an enviable location close to a wide range of exceptional amenities. The central location offers easy access to a bustling town centre including a bus station and two train stations with direct connections to major cities including London, Manchester, Liverpool, and Edinburgh, making it ideal for commuters and those seeking excellent transport links.

This deceptively spacious home spans two generous floors, providing substantial living accommodation that will appeal to a variety of buyers. Although the property requires modernisation, it is attractively priced to allow buyers the opportunity to add their own personal touch, improve its condition, and increase its value. This makes it an exciting prospect for investors searching for a property with potential or first-time buyers looking to step onto the property ladder while tailoring a home to their tastes.

Offered for sale with no onward chain, this property presents an excellent opportunity for buyers seeking convenience and modern features. One of its standout attributes is a recently upgraded kitchen with new electrics, ensuring safety and reliability, along with a built-in cooker and hob.

The house also benefits from modern double-glazed windows and doors throughout, enhancing energy efficiency and reducing noise for comfortable living. At the rear, you'll find a fully enclosed private yard.

With its blend of practicality and potential, this property is a fantastic choice for buyers looking to personalise a home to their liking or investors seeking a easy to-let purchase.

We are advised that the tenure is leasehold. Lease Term is 999 Years From 20 December 1983. Council tax band is A.

Agent Details

Regan & Hallworth, Wigan

01942 925393

Next Steps?

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