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Princess Road, Wigan, WN4

Yorkshire

£130,000
Listed on 17/07/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
997 sqft

Description

This two-bedroom mid-terrace home on Princess Road in Wigan offers a compelling opportunity for those looking to undertake a renovation project. The property is ripe for refurbishment, allowing buyers to reimagine the space according to personal taste and modern living requirements. Its location is advantageous, providing easy access to local amenities, schools, and transport links, which enhances its appeal for potential future occupants or renters. Upon entering the property, you are greeted by an entrance porch that leads into a hallway connecting to the main living areas. The living room is a spacious area with a front-facing window that invites natural light, making it an inviting space. Adjacent to the living room is the separate dining room, which holds significant potential; it can be transformed into a contemporary open-plan layout or serve as a family dining area. The kitchen at the rear of the property connects directly to the garden, presenting opportunities for both indoor-outdoor living and outdoor enhancements. On the first floor, there are two well-proportioned bedrooms that provide flexibility for furnishing and redecorating. The family bathroom includes a separate W.C., adding functionality to this level. With renovation efforts, this upper level can be upgraded into a comfortable retreat that meets modern tastes. The outdoor spaces include front and rear gardens that offer further potential for development or landscaping, allowing homeowners to create private green areas suited to their lifestyle. This property stands out as an ideal investment for developers or buyers eager to invest time and resources into creating their dream home. The intrinsic value lies in its ability to be customized while benefiting from its sought-after location. Early viewings are encouraged to fully grasp the possibilities this renovation project offers.

Investment Analysis

(WN4 area)

Below Market Value

This property is priced -40.2% below area average per sq ft

-40.2%
Potential saving
This Property
£130/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£183
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£239,081
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
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
27%
Properties sold annually

Local Market Trend (WN4)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 8.0%
5 year growth: 28.0%
Investment Disclaimer: Analysis based on WN4 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

Princess Road, Wigan, WN4
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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
£476
Based on a loan of £97,500 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