Latest Valuation
£80,000
ROCE
25%
Selling Agent
Sourced Wigan

7% Yield – Profitable 3 Bed End Terrace in Wigan

18.65% increase in value in this area in the last 5 years
Guide Price
£80,000

Share this page

Message Agent





Key Features

  • Under Value
  • Garage
  • Front and Rear Garden
  • Ground Floor Bathroom
  • 34 Minute Journey to Manchester
  • Conservatory

The Property

Three bedroom end townhouse which is situated in Hindley Green, is in need of a refurbishment.

Property Includes:
Ground floor bathroom
Conservatory
Attached Garage
Garden to front and rear

The Financials:
Purchase Price: £80,000
Refurb Costs: £25,000
GDV: £120,000
Sourcing Fee: £1,600
Monthly Rental Income: £650
Annual Rental Income: £7,800
Profit: £15,000
ROCE: 25%
ROI:6%
Yield: 7%
Total Cash Investment: £10,600

Planning Information

N/A

The Plan

The ideal plan for the property would be to give it a complete refurb, including a new kitchen and three-piece on suite.

The work would take a month to complete.

The Financials:
Purchase Price: £80,000
Refurb Costs: £25,000
GDV: £120,000
Sourcing Fee: £1,600
Monthly Rental Income: £650
Annual Rental Income: £7,800
Profit: £15,000
ROCE: 25%
ROI:6%
Yield: 7%
Total Cash Investment: £10,600

The Location

17 minutes to Wigan Town Centre
25 minutes to Trafford Centre
34 minutes to Manchester
54 minutes to Liverpool

Average estimated value for a house in WN2 4TF

£102,315

18.65% increase in value in this area in the last 5 years
2.82% increase in value in the area in the last 12 months