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Wardley Street, Wigan, WN5 XXX

2 Bedroom Flat

CALLING ALL BUY-TO-LET INVESTORS AND FIRST-TIME BUYERS!

9.5% GROSS YIELD WITH ZERO FEES

Don't miss out on this competitively priced apartment in the heart of Pemberton, Wigan.

Enter the 1st floor apartment via a welcoming hallway that directly leads to a large open plan lounge / kitchen / dining area (392 square feet). To the right are master and double bedrooms - both with ensuite facilities. The master bathroom is also accessible via the hallway.

The property is situated in an area with excellent capital growth potential, within a short walking distance to a range of amenities (including restaurants, takeaways, banks and supermarkets) alongside excellent transport links. Also nearby are St John's CofE and St Cuthbert's primary schools (both Ofsted-rated 'Good') alongside Westfield Community School and Sure Start Children's Centre (Ofsted-rated 'Outstanding').

The property was recently let for £475 per calendar month (although will be sold with vacant possession). Property Solvers Express Sales have spoken to a reputable lettings agent who has informed us that demand for rental properties in this area is strong, thereby raising the possibility of charging more.

The annual service charge currently stands £1,011.60 and the ground rent is £200.

  • Purchase Price:
    £59,950.00
  • Deposit (75% LTV):
    £18,750.00
  • Estimated Market Value:
    £100,000.00
  • Estimated Below Market Value:
    0.00%
  • Monthly Rental Figure:
    £475.00
  • Gross Yield:
    7.60%
  • Mortgage Figure (@ 3.00% Payrate*):
    £140.63
  • Monthly Service Charge:
    £84.00
  • Monthly Ground Rent:
    £16.67
  • Estimated Total Monthly Holding Costs:
    £285.00
  • Estimated Monthly Net Operating Income (NOI):
    £190.00
  • Estimated Net Yield (Pre Tax):
    2.00%
  • Estimated ROCE (Annual Net Operating Income / Deposit):
    12.16%
  • Estimated Annual Capital Growth Expectation:
    3-4%
  • Stamp Duty Charge:
    £2,248.00
  • Buyer's Legal Fees:
    £500.00
  • Seller's Legal Fees:
    £0.00
  • Lender's Legal Fees:
    £300.00
  • Estimated Refurbishment Costs:
    £0.00
  • Google Maps Area Link:
  • Bing Maps Area Link:
  • Wikipedia Link:
  • Local Authority Website:

* Average rate of the top 8 Limited Company (SPV) buy-to-let mortgages (based on a purchase price of £100,000 / £75,000 loan / 25-year term and therefore not the financing terms of this transaction). See our monthly factfiles for the latest figures.

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August 2019

Property Investor Factfile
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Property Expert Market Forecasts 2019 Selling Your Tenanted Property - Tax Implications - Simon Misiewicz Best Property Podcasts 2019 Modern Property Joint Venturing - Lisa Orme Blockchain and Property Birmingham Midshires - Current Buy-to-Let Lending - Phil Rickards Section 24 Finance Act - 22 Expert Insights Land Registry Digital Street - Laura Tombs The Future of the Private Rented Sector (PRS) - David Bond
National Landlords Association The Property Ombudsman Approved Code
Information Commissioner's Office The National Association Of Property Buyers Money Laundering Regulations