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Photography date not verified – supplied by vendor direct

Ormskirk Road

Wigan, Greater Manchester

£155,000

  • Mid terraced property
  • Current net yield: 6.12%
  • Long term sitting tenant
  • Strong rental growth potential
  • Popular residential location

For more information please contact our team:

0161 337 3890

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Wigan, Greater Manchester

Terraced Property | £150,000 | Leasehold (Peppercorn)
PROPERTY OVERVIEW

This well-presented mid-terraced property is offered for sale with a long-standing tenant already in situ, providing an investor with immediate rental income from day one with zero void period. The current tenant has occupied the property for a number of years, demonstrating the property’s desirability and the stability of the income stream.

The accommodation is deceptively spacious and comprises two well-proportioned bedrooms, two reception rooms, a fitted kitchen, and a bathroom. The property also benefits from an additional attic room, currently used by the tenant as shown in the photographs, offering versatile bonus space.

Tenure: Leasehold, 999 years from 1898 (approximately 871 years remaining)

Ground Rent: Just £13 per annum

INVESTMENT INFORMATION
  • Immediate income, tenant in situ, no void, no hassle
  • Gross yield of 6.12% based on £765 pcm
  • Annual rental income of £9,180
  • Ultra-long leasehold with negligible ground rent, as good as freehold for any practical purpose
  • Stable, long-term tenancy providing confidence in ongoing occupancy
  • Competitively priced, with strong demand for rental property in this area
LOCATION

Situated in the heart of Pemberton, the property benefits from an excellent range of local amenities including shops, cafes, schools, and leisure facilities. Pemberton Train Station is less than a mile away, offering direct services into Wigan town centre with onward connections to both Manchester and Liverpool. The M6 and M58 motorways are also easily accessible, making this a highly commutable location. Both Liverpool John Lennon Airport and Manchester Airport can be reached in under an hour by car – a significant draw for professional tenants.

Pemberton continues to attract strong rental demand thanks to its combination of affordability, connectivity, and community feel.

This is a genuinely low-maintenance, income-producing asset – ideal for both experienced portfolio landlords and those looking to make their first foray into property investment.

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

£0.00

25%

£155,000.00

Sourcing Fees

£3,000.00

£3,000.00

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£765.00

£765.00

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£9,180.00

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