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Lorne Street, Wigan, WN1

Yorkshire

£75,000
Listed on 11/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
838 sqft

Description

This mid-terraced two-bedroom home represents a promising opportunity for those interested in undertaking a comprehensive renovation to enhance its value. Located in a practical area with available on-street parking, the property features a classic layout and spacious room dimensions throughout. The presence of a church across the street contributes a unique charm to the neighborhood. Upon entering, you are greeted by an entrance hallway that leads to both a lounge and a separate dining room, allowing for adaptable living areas. At the rear, there is a kitchen that presents significant potential for redesign and modern enhancement. On the upper floor, two generously sized double bedrooms and a family bathroom can be found. This property holds considerable potential for transformation and is well-suited for investors or individuals seeking to craft their ideal living space through dedicated renovations.

Investment Analysis

(WN1 area)

Below Market Value

This property is priced -54.6% below area average per sq ft

-54.6%
Potential saving
This Property
£89/sq ft
Area Average
£197/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£181,779
10% above area average per sq ft
Potential ROI
+58.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (WN1)

Area prices are falling by -6.6% over the last 12 months
3 year growth: +11.5%
5 year growth: +19.9%
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

Lorne Street, Wigan, WN1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£268
Based on a loan of £56,250 over 30 years at 3.97% 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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