Two full apartment blocks sold together – 10 self-contained 1-bed flats +
Vacant and ready for refurbishment or full upgrade programme +
Strong rental demand for affordable, self-contained 1-bed homes +
Refurbished units typically achieve £625–£700 pcm locally +
Projected combined rental income of £75,000–£80,000 per year once updated +
Attractive projected yield of around 13%–15% at the £540,000 guide price +
Straightforward layouts ideal for modernisation and adding value +
Rare opportunity to acquire scale in Wigan at a competitive guide price +
For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply +
4 & 5 Park Terrace, Wigan, WN1 1SU Guide Price: £540,000 – Two Apartment Blocks (10 Flats Total)
A rare chance to acquire two neighbouring apartment blocks, sold together as one lot and providing a total of ten self-contained one-bedroom flats. Ideal for investors, landlords or developers seeking a clear value-add project with strong rental demand.
No.4 Park Terrace – 5 Flats
Part-refurbished with several units benefitting from new kitchens, bathrooms and carpets.
Some areas still require finishing, offering a great opportunity to complete the block to a modern rental standard.
No.5 Park Terrace – 5 Flats
A full refurbishment project throughout, giving buyers plenty of scope to redesign, upgrade and create high-demand rental units once modernised.
Flat Layouts (Both Blocks)
Open-plan kitchen/living space
Shower room
One double bedroom
Straightforward layouts ready for modernisation
Rental & Investment Potential
Strong local demand for affordable, self-contained 1-bed units from young professionals, contractors and long-term renters
Refurbished 1-bed homes in this area typically achieve £625–£700 pcm
Combined projected rental income of £75,000–£80,000 per year once refurbished and fully let
At the £540,000 guide price, the blocks offer an attractive projected yield of around 13%–15% post-refurbishment
Overall Opportunity
Ideal for a buyer seeking a clear, straightforward refurbishment project
Significant scope to upgrade, increase rental income and add long-term value
Priced to encourage strong interest and achieve a quick sale
Please note: The floorplan is provided for guidance only — the internal layout may differ from the current arrangement.
Agent Details
G.R. Estates, Stockton-on-Tees
01642 378022
Next Steps?
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