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Two-bedroom first-floor flat

Wigan, WN5 - Get Access

2 bed 1 bath

Description

Offering an attractive opportunity for investors seeking a refurbishment project with strong rental potential, this two-bedroom first-floor flat is situated above commercial premises on Norley Hall Avenue in Wigan. The property requires full renovation, providing scope for a buyer to improve and modernise the accommodation and potentially enhance its rental appeal and capital value. Norley Hall is an established residential area to the south-west of Wigan, with local shops, schools and everyday amenities within the surrounding area. Wigan town centre provides a wider range of retail, leisure and employment facilities, while the area benefits from road links providing access towards the M6 and the wider North West. The combination of an established residential setting and access to Wigan's employment and transport infrastructure supports continued demand for affordable rented accommodation. For an investor, the property offers the potential to create a high-yielding rental investment following refurbishment, with the relatively modest purchase price and renovation requirement providing scope for value to be added. Tenure is leasehold with vacant possession, with a 125-year lease from 25th March 1985 (83 years remaining). Council Tax Band: A - Wigan.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 721 sq ft (EPC)

This two-bedroom first-floor flat, situated above commercial premises in an established residential area of Wigan, was valued by analysing direct comparable flat transactions along Norley Hall Avenue. The internal floor area of 721 sq ft sourced from the EPC was evaluated against local market rates, incorporating specific adjustments for the required internal refurbishment and the remaining lease term.

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