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465 Warrington Road, Wigan, WN3 Residential development for sale
465 Warrington Road, Wigan, WN3
£675,000
465 Warrington Road, Wigan, WN3
£675,000
Our Summary
- Walmesley Arms, 465 Warrington Road, WN3 4TQGuide Price £675,000Eight Self-Contained One-Bed Flats | Strong Yield Potential | Majority Refurbished With Completion Works Required
- Once reinstated, the development is well positioned to attract strong rental demand from the WN3 market, making it highly suitable for landlords, developers, housing providers and portfolio investors
- These rental levels align with typical market rates for refurbished one-bedroom apartments in the WN3 area, where rents commonly fall between £500 and £700 per month depending on finish and presentation
- One flat requires a greater degree of completion work
- Excellent Opportunity For Landlords, Developers And Portfolio Investors
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
- One Flat Offers Further Value Through Additional Completion Potential
Description
Walmesley Arms, a freehold block, offers eight self-contained one-bedroom apartments in a strong rental location. The majority of refurbishment works have been completed, with some reinstatement and finishing works still required, including completion of one flat. Each apartment features a modern open-plan kitchen and living space, with contemporary bathroom layouts. The property benefits from a gated outdoor area, suitable for off-street parking or outdoor amenity space. The guide price of £675,000 offers strong yield potential, ranging from 8% to 10%, with projected annual income of £54,000 to £67,500. The property requires final completion works to be fully occupied and ready for rental income, making it an appealing investment option for landlords, developers, and portfolio investors.