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Houghton Avenue, Wigan WN5

Yorkshire

£120,000
Listed on 06/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
998 sqft

Description

This terraced house offers a promising canvas for renovation and investment in a well-established neighborhood. Featuring two bedrooms and a bathroom, this property holds potential for both families seeking a future home and investors looking to enhance their portfolio through value-added improvements. The need for comprehensive renovation allows new owners to customize the space according to their vision, accommodating modern layouts and personalized finishes. Among its practical features is a detached garage, providing additional storage solutions or potential for conversion into a workshop or studio. On-street parking is also available, ensuring ease of access for residents and visitors alike. The property's location is particularly beneficial for families, with several schools in close proximity, including Standish Lower Ground St Anne's CofE Primary School and St John Fisher Catholic High School. This accessibility to educational institutions simplifies daily routines and enhances the appeal for family-oriented buyers or renters. For those commuting or enjoying local amenities, Gathurst Rail Station, Wigan Wallgate Rail Station, and Wigan North Western Rail Station are all conveniently located nearby. These transport links facilitate easy travel to surrounding areas, enhancing overall lifestyle convenience whether it’s for work commutes or leisure outings. Overall, this property represents a unique opportunity to create a tailored living space in a community that provides essential services and a family-friendly environment. Its renovation potential makes it an attractive option for those willing to invest time and effort into transforming it into something special.

Investment Analysis

(WN5 area)

Below Market Value

This property is priced -38.4% below area average per sq ft

-38.4%
Potential saving
This Property
£120/sq ft
Area Average
£195/sq ft
Avg Rent (weekly)
£192
Avg Yield
4.7%

Renovation Potential

Est. Renovation Cost
£12,000 - £30,000
10-25% of property value
Target Value
£214,345
10% above area average per sq ft
Potential ROI
+42.9%
After renovation
Monthly Sales
27
Average per month
Market Turnover
67%
Properties sold annually

Local Market Trend (WN5)

Area prices are rising by +6.5% over the last 12 months
3 year growth: 12.5%
5 year growth: 36.9%
Investment Disclaimer: Analysis based on WN5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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 WN5
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