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Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1 - Image 1
Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1 - Image 2
Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1 - Image 3
Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1 - Image 4
Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1 - Image 5

Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1

Yorkshire

£195,000
Listed on 27/01/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property currently features land designated for car parking, previously utilized under parking licenses, but will soon be available with vacant possession. The site is well-suited for continued operation as a parking facility, catering to both personal use and contract parking needs. In addition to its present function, the property holds promising redevelopment potential. With the appropriate permissions, it could be transformed into a variety of ventures, making it an appealing option for investors looking to maximize value in this area. Its location benefits further enhance its attractiveness for future development.

Investment Analysis

(WN1 area)
Area Average
£192/sq ft
Avg Rent (weekly)
£182
Avg Yield
5.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (WN1)

Area prices are rising by +11.3% over the last 12 months
3 year growth: 17.5%
5 year growth: 30.7%
Investment Disclaimer: Analysis based on WN1 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

Land Rear Of 60-62 Wallgate, Wigan, Lancashire, WN1
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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
£714
Based on a loan of £146,250 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