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Wigan Road, Atherton

North West

£170,000
Listed on 07/04/2026

Property Details

Bedrooms
1
Type
Mixed Use
Area
1055 sqft

Description

This detached mixed-use property represents a significant investment opportunity, currently generating an annual rental income of £20,200 from its fully let ground floor barber shop and a one-bedroom flat above. With rents set to increase in April 2026, the total income is projected to rise to £22,700, enhancing yield for potential investors. Spanning approximately 1,377 sq ft (128 sq m), this property features a strategically located commercial unit on Wigan Road, benefiting from strong visibility and passing trade. The generous plot includes off-street parking for up to three vehicles and a sizeable rear garden. The property's detached nature may offer future development opportunities, making it ideal for those looking to explore alternative residential configurations or expansion—subject to obtaining the necessary consents. Overall, this asset not only promises immediate rental returns but also boasts considerable long-term potential for growth through thoughtful renovation and development.

Investment Analysis

(M46 area)

Below Market Value

This property is priced -25.5% below area average per sq ft

-25.5%
Potential saving
This Property
£161/sq ft
Area Average
£216/sq ft
Avg Rent (weekly)
£231
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£250,900
10% above area average per sq ft
Potential ROI
+14.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (M46)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +4.8%
5 year growth: +24.9%
Investment Disclaimer: Analysis based on M46 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

Wigan Road, Atherton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£602
Based on a loan of £127,500 over 30 years at 3.91% 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.

Price History

-7.1% since listed
£170,000£13,000(-7.1%)
08/04/2026
Current price
£183,000Initial listing
06/04/2026

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