Manor Street, Newtown, Wigan
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- SIZE
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Key features
- Long-standing tenant in situ, immediate income, no void period
- 6.11% gross yield, £9,480 annual income at £790 pcm
- 3 bedrooms & 2 reception rooms, above-average space drives demand
- 999-year lease from 1898 at just £13 p.a., near-freehold security
- 0.7 miles from Pemberton station, direct rail to Wigan, Manchester & Liverpool
- St Mark's Primary 300 yards away, strong family tenant appeal
Description
This generously proportioned three-bedroom terraced property is offered for sale with a long-standing, reliable tenant already in situ, meaning an investor can enjoy immediate rental income from the moment of completion, with no void period and no uncertainty.
The property offers exceptional space throughout, comprising three well-proportioned bedrooms, two separate reception rooms, and a kitchen, a layout that is increasingly rare at this price point and one that commands strong rental demand from families and professional sharers alike. The current tenant has occupied the property for a number of years, a clear testament to the comfort and quality of the home.
Tenure: Leasehold, 999 years from 1898 (approximately 871 years remaining)
Ground Rent: Just £13 per annum
INVESTMENT INFORMATION
• Immediate income, established tenant in situ from day one
• Gross yield of 6.11% based on £790 pcm at the asking price
• Annual rental income of £9,480
• Three bedrooms and two reception rooms, above-average size drives above-average demand
• Ultra-long leasehold with negligible ground rent, as secure as freehold for all practical purposes
• Strong long-term tenancy offering continuity and peace of mind
• Priced competitively against local comparables, with upside potential on both rental growth and capital appreciation
LOCATION
Situated in Newtown, Wigan, this property sits in a well-connected and well-served community. Pemberton Railway Station is approximately 0.7 miles away, providing direct services into Wigan town centre with easy onward connections to both Manchester and Liverpool, making it a popular choice for commuting tenants.
The property is also extremely well placed for families, with St Mark's CofE Primary School just 300 yards away and The Deanery Church of England High School within approximately a mile. Newtown Medical Practice is within half a mile, and the M6 and M58 motorways are easily accessible for those travelling by car. Liverpool John Lennon Airport is approximately 16 miles away.
The area continues to see strong and consistent rental demand, underpinned by its affordability, transport links, and community infrastructure, all key factors that experienced investors look for when building or consolidating a portfolio.
This is a solid, income-producing asset with the added benefit of a proven, stable tenancy, ideal for experienced portfolio landlords and first-time investors alike.
- 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.
- Yes
- 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
Manor Street, Newtown, Wigan
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Visit our security centre to find out moreDisclaimer - Property reference 10-manor-street. 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 Pure, Manchester. 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.
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