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Walthew Lane

Wigan, Lancashire

£105,000

  • Two bedroom mid terrace
  • Net yield of 8.6%
  • Current sitting tenant
  • Strong rental growth potential
  • EPC rating: D

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Wigan, Lancashire

2 Bedroom Terrace | £105,000 | Freehold

THE OPPORTUNITY
136 Walthew Lane is a two-bedroom mid-terrace house in Platt Bridge, Wigan, offered for sale complete with a tenant already in situ at £750 per calendar month. For an investor, that means no marketing void, no re-letting costs, and rental income continuing uninterrupted from the day contracts complete.
Priced at £105,000, the property is being brought to market at a gross yield of 8.6% – comfortably ahead of both the national and regional averages, in a price bracket that keeps the deposit and stamp duty commitment modest for a buy-to-let purchase.
PROPERTY DETAILS
  • Property type: Mid-terrace house
  • Bedrooms: 2
  • EPC rating: D
  • Postcode: WN2 5AW
  • Local authority: Wigan MBC
TENANCY AT A GLANCE
The property is currently let at £750 per calendar month, providing an incoming landlord with immediate, uninterrupted rental income and none of the costs or delay associated with sourcing a new tenant, referencing, or redecorating a vacant property. Full tenancy details are available on request.
WHY THIS WORKS AS AN INVESTMENT

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

£0.00

25%

£105,000.00

Sourcing Fees

£3,000.00

£3,000.00

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£750.00

£750.00

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