Available
house
4 bed Block of Flats For Auction
Property Description
TO BE SOLD BY ONLINE AUCTION ON 13TH – 14TH MAY APRIL UNLESS SOLD PRIOR UNDER AUCTION TERMS.
4 Swinley Lane, Wigan, WN1 2EB
Not yet inspected by Edward Mellor. Photos provided by agent. An excellent opportunity to acquire an income-producing residential investment property situated in a well-established and convenient location within Wigan. It is reported to comprise; 2 studio flats and 2 one-bedroom flats, all currently let and producing a combined rental income of approximately £1,628.88 PCM.
Swinley Lane is a popular and established residential location positioned close to Wigan Town Centre, local amenities, transport links and Wigan Infirmary, making the area consistently attractive to tenants and investors alike. The property also benefits from convenient access to both Wigan North Western and Wigan Wallgate train stations, along with nearby motorway links, contributing to strong ongoing rental demand within the area.
Given the current income and central location, the property offers a strong yield opportunity, with the current rental income reflecting a gross yield of approximately 12.2% based on the guide price. The rents currently range from £350 - £495 PCM across the units, which indicates potential scope for rental growth. This would make an ideal addition to an established portfolio or for investors seeking an immediate income-producing asset.
4 Swinley Lane, Wigan, WN1 2EB
Not yet inspected by Edward Mellor. Photos provided by agent. An excellent opportunity to acquire an income-producing residential investment property situated in a well-established and convenient location within Wigan. It is reported to comprise; 2 studio flats and 2 one-bedroom flats, all currently let and producing a combined rental income of approximately £1,628.88 PCM.
Swinley Lane is a popular and established residential location positioned close to Wigan Town Centre, local amenities, transport links and Wigan Infirmary, making the area consistently attractive to tenants and investors alike. The property also benefits from convenient access to both Wigan North Western and Wigan Wallgate train stations, along with nearby motorway links, contributing to strong ongoing rental demand within the area.
Given the current income and central location, the property offers a strong yield opportunity, with the current rental income reflecting a gross yield of approximately 12.2% based on the guide price. The rents currently range from £350 - £495 PCM across the units, which indicates potential scope for rental growth. This would make an ideal addition to an established portfolio or for investors seeking an immediate income-producing asset.
Available
Lot 4
£160,000
Guide price — final price set at auction
