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Gidlow Lane, Wigan, WN6 7DY

Yorkshire

£750,000
Listed on 04/01/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
5200 sqft

Description

Rutter Green is pleased to present a mixed-use commercial property situated in the highly sought-after Springfield area of Wigan. This property offers a unique opportunity for those looking to invest or renovate, featuring a versatile layout suitable for various business purposes. The ground floor space has been thoughtfully refurbished and provides ample room for retail operations, cafés, restaurants, professional offices, or wellness services. Its prominent location on Gidlow Lane ensures high visibility and foot traffic, complemented by a generous on-site parking area and outdoor seating options that enhance customer experience and operational flexibility. Above the commercial space, self-contained apartments are currently occupied under Assured Shorthold Tenancies (ASTs), offering reliable rental income. Additionally, there is an exciting prospect for growth with submitted planning permission for three more apartments, presenting an appealing avenue for expansion and increased returns. This property benefits from its position within walking distance of Wigan town centre, providing access to local parks, educational institutions, and key amenities. Transport connections are robust, with easy access to Wigan bus station as well as both Wigan North Western and Wigan Wallgate train stations. Major road networks nearby facilitate straightforward travel via the M6, M61, and M58 motorways. Wigan is currently experiencing significant redevelopment efforts aimed at revitalizing the town centre. This initiative promises not only to attract new businesses but also to enhance community spaces, making this location strategically advantageous for investment with potential for appreciation as commercial activity grows. Overall, this property stands out due to its blend of established income from residential units and the potential for further development. Whether you are an entrepreneur looking to establish a business or an investor aiming to capitalize on a growing area, this property offers significant promise in a vibrant community poised for future success.

Investment Analysis

(WN6 area)

Below Market Value

This property is priced -38.1% below area average per sq ft

-38.1%
Potential saving
This Property
£144/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,333,618
10% above area average per sq ft
Potential ROI
+64.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (WN6)

Area prices are falling by +3.6% over the last 12 months
3 year growth: -0.7%
5 year growth: 8.5%
Investment Disclaimer: Analysis based on WN6 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Gidlow Lane, Wigan, WN6 7DY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,747
Based on a loan of £562,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE