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High Street, Wigton

North East

£300,000
Listed on 24/04/2026

Property Details

Bedrooms
9
Type
Flat

Description

This property offers a compelling investment opportunity with a freehold block consisting of five self-contained flats located in the centre of Wigton. Each flat presents its own unique character, although four of the units show signs of age and would benefit from renovation to maximise their rental potential. The ground floor features two spacious two-bedroom flats, both with private entrances and gas central heating, while the first floor includes two one-bedroom flats that utilize electric heating and provide communal access. The second floor houses a three-bedroom flat that has recently been refurbished, showcasing the potential improvements possible within this building. With an approximate estimated rental income of £34,800 per annum and proximity to local amenities and schools, this property represents an enticing prospect for both seasoned portfolio landlords and those seeking to enter the buy-to-let market. Each flat is separately accessed, allowing for straightforward management as an investment property.

Investment Analysis

(CA7 area)
Area Average
£201/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CA7)

Area prices are falling by -6.6% over the last 12 months
3 year growth: +1.8%
5 year growth: +5.0%
Investment Disclaimer: Analysis based on CA7 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

High Street, Wigton
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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
£1,063
Based on a loan of £225,000 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.

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