Swinley Lane, Wigan
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- TO BE SOLD UNDER AUCTION TERMS
- 4 X SELF CONTAINED STUDIO & FLATS
- CURRENTLY TENANTED
- PRODUCING £1629PCM WITH SCOPE FOR INCREASE
- GREAT LOCATION
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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Swinley Lane, Wigan
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Visit our security centre to find out moreDisclaimer - Property reference EM-168334. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Edward Mellor Ltd, Auction. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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