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Mesnes Park Terrace, Wigan, WN1 10 bed block of apartments for sale
Mesnes Park Terrace, Wigan, WN1
£540,000
Mesnes Park Terrace, Wigan, WN1
£540,000
Our Summary
- Ideal for investors, landlords or developers seeking a clear value-add project with strong rental demand
- 5 Park Terrace – 5 FlatsA full refurbishment project throughout, giving buyers plenty of scope to redesign, upgrade and create high-demand rental units once modernised
- Straightforward layouts ready for modernisation
- Rental & Investment Potential
- Ideal for a buyer seeking a clear, straightforward refurbishment project
- Significant scope to upgrade, increase rental income and add long-term value
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- Straightforward layouts ideal for modernisation and adding value
- Vacant and ready for refurbishment or full upgrade programme
Description
This is a rare opportunity to acquire two neighboring apartment blocks, comprising 10 self-contained one-bedroom flats, sold together as one lot. The property offers a mix of part-refurbished and full refurbishment projects, providing a clear value-add opportunity for investors, landlords, or developers. The blocks require modernization, but with some units already benefiting from new kitchens, bathrooms, and carpets, the scope for renovation is significant. The property has strong local demand for affordable, self-contained 1-bed units, with refurbished properties typically achieving £625-£700 per month. With a guide price of £540,000, the blocks offer an attractive projected yield of around 13-15% post-refurbishment, making it an attractive investment opportunity for those looking to add long-term value.