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Houghton Avenue, Wigan, Greater Manchester, WN5 - Image 1
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Houghton Avenue, Wigan, Greater Manchester, WN5

Yorkshire

£120,000
Listed on 29/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
998 sqft

Description

This terraced house presents an intriguing opportunity for investors or homeowners seeking a renovation project. Featuring two bedrooms and a bathroom, the property provides a solid framework that can be transformed into a comfortable family residence or a profitable rental unit. The need for full renovation gives you the chance to customize the layout and finishes according to your personal preferences and modern standards. A notable aspect of this property is the detached garage, which enhances functionality by offering additional storage space or potential for creative use. On-street parking is also available, ensuring convenient access for both residents and visitors alike. The location is particularly advantageous for families, with several educational institutions in close proximity, including Standish Lower Ground St Anne's CofE Primary School and St John Fisher Catholic High School. This convenience simplifies the daily school run and provides peace of mind regarding children's education. Transport links are robust, with Gathurst Rail Station, Wigan Wallgate Rail Station, and Wigan North Western Rail Station all within easy reach. These connections facilitate commutes to surrounding areas and make weekend outings more accessible. Overall, this property serves as a blank canvas with significant investment potential, situated in a community equipped with essential amenities and a friendly atmosphere. Whether you're looking to develop your dream home or capitalize on a promising rental opportunity, this house invites creativity and vision.

Investment Analysis

(WN5 area)

Below Market Value

This property is priced -39.5% below area average per sq ft

-39.5%
Potential saving
This Property
£120/sq ft
Area Average
£199/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£218,133
10% above area average per sq ft
Potential ROI
+9.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (WN5)

Area prices are rising by +5.6% over the last 12 months
3 year growth: 11.8%
5 year growth: 35.8%
Investment Disclaimer: Analysis based on WN5 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

Houghton Avenue, Wigan, Greater Manchester, WN5
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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
£440
Based on a loan of £90,000 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