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Wigan Lane, Wigan, WN1 1XR - Image 1
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Wigan Lane, Wigan, WN1 1XR

Yorkshire

£110,000
Listed on 05/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1334 sqft

Description

This spacious 3-bedroom terraced property presents a compelling opportunity for renovation and investment. Conveniently located within walking distance of Wigan town centre, it is just minutes away from key amenities such as Wigan Infirmary, reputable local schools, and transport links including the train and bus stations, making it an ideal location for both families and commuters. Upon entering, you are welcomed into a hallway that leads to a generous lounge and an adjacent reception/dining room, providing versatile living spaces. The kitchen at the rear of the property has direct access to an enclosed patio garden, perfect for outdoor relaxation or potential gardening projects. Additionally, there is a practical shower suite/W.C. on the ground floor, enhancing convenience for family living. Upstairs, the property features two well-proportioned double bedrooms on the first floor, with further potential in the expansive top floor that includes a large bathroom and another double bedroom. With some thoughtful remodeling, there's clear potential to adapt this layout into a four-bedroom home with two bathrooms—ideal for maximizing living space or increasing rental value. The house does require modernisation throughout but offers substantial internal potential to transform it into a stylish family residence or an appealing investment property for buy-to-let purposes. Externally, the front is pavement-fronted while the rear boasts an enclosed patio area that could benefit from landscaping. Overall, this property is suitable for couples or families seeking to create their dream home while also appealing to investors looking to capitalize on its location and versatility. Early viewings are encouraged to fully appreciate its potential and character. The property is being sold with no upward chain.

Investment Analysis

(WN1 area)

Below Market Value

This property is priced -54.3% below area average per sq ft

-54.3%
Potential saving
This Property
£82/sq ft
Area Average
£181/sq ft
Avg Rent (weekly)
£179
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£11,000 - £27,500
10-25% of property value
Target Value
£264,939
10% above area average per sq ft
Potential ROI
+92.7%
After renovation
Monthly Sales
16
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (WN1)

Area prices are rising by +18.1% over the last 12 months
3 year growth: 19.7%
5 year growth: 24.0%
Investment Disclaimer: Analysis based on WN1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Wigan Lane, Wigan, WN1 1XR
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