Wallgate Apartments

Overview

Apartment 33 at Wallgate Apartments represents an exceptional turnkey investment within the iconic Victoria Mill development. This well‑maintained two-bedroom, one-bathroom apartment is being sold with a sitting tenant, offering investors immediate and reliable rental income.

Located in a high-demand rental area close to Wigan town centre and key commuter transport links, this property combines modern living with long-term investment security.

Key Investment Highlights

• Asking Price: £87,500
• Tenure: Leasehold (approx. 242 years remaining)
• Current Rent: £725 per calendar month (£8,700 per annum)
• Occupancy: Sold with sitting tenant
• EPC Rating: D
• EWS1 Rating: A1 (no remediation required)
• Ground Rent: £150 per year
• Service Charge: £2,035 per annum
• Comes Fully Furnished
• Allocated Private Parking Space Included

Yield & Investment Performance

This property delivers a strong gross yield of approx. 9.9% and a net yield of 7.4%

This yield is significantly above typical regional averages for similar apartment investments, making it a highly attractive addition to any rental portfolio.

Why this is a strong investment:

Immediate Income from Day One

A reliable tenant is already in place, eliminating void periods and providing instant cashflow.

High Rental Demand in the Area

The location’s proximity to Wigan town centre, rail links, local employment hubs and amenities helps sustain consistent rental occupancy.

Low Maintenance, Hands-Off Asset

Fully furnished, modern apartments with long leases and compliant building certifications, like the EWS1 A1,provide stable long-term performance with minimal intervention.

Strong Future Capital Potential

Wigan continues to benefit from regeneration, improved transport connectivity and rising tenant demand, which historically supports long-term capital growth.

Long Lease of 242 Years

A lengthy lease contributes to future security, mortgageability, and resale attractiveness, key considerations for long-term investors.

Property Description

Situated within the attractive Victoria Mill conversion, Apartment 33 provides well-planned accommodation with a light and contemporary feel throughout. The property features:

• A bright open-plan living/dining area
• Modern fitted kitchen with integrated appliances
• Two spacious bedrooms
• Neutral three‑piece bathroom suite
• Secure entry system and maintained communal areas

Sold fully furnished, the apartment is truly ready-made for investors.

Location

Wallgate Apartments are perfectly positioned for strong rental appeal, offering:

• Close proximity to Wigan Wallgate and Wigan North Western stations
• Easy access to Manchester, Liverpool, Preston and wider motorway networks
• Short distance to Wigan town centre retail, entertainment and leisure
• Local employment sites driving consistent rental demand

The combination of convenience and connectivity ensures long-term rental resilience.

Summary

Apartment 33 is ideally suited to investors seeking:

• Strong yield approaching 10%
• Immediate rental income with a sitting tenant
• A safe, compliant building with A1 EWS1
• Long lease, low ground rent, manageable service charges
• A fully furnished, low-maintenance investment