Delph Street, Wigan
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
Ask agent
Key features
- 6.58% gross yield - a strong return on a £155,000 entry price
- Fully tenanted from day one - sitting tenants in situ since early 2024, no void period or re-letting costs
- Long lease security - peppercorn ground rent with approx. 799 years remaining, effectively freehold in practice
- Prime commuter location - direct rail links to Manchester and Liverpoo
- Affordable entry point - lower purchase price than comparable stock in Manchester/Liverpool with similar rental demand
- Hands-off investment - no marketing, tenant-finding, or referencing required; income starts on completion
Description
65 Delph Street is a well-presented three-bedroom terraced property in Wigan, offered to the market as a fully tenanted, income-producing investment. The current tenants moved into the property at the start of 2024 and will remain in situ upon completion, ensuring an incoming investor benefits from rental income from day one, with no marketing period, void risk, or letting costs to absorb.
KEY FACTS
• Address: 65 Delph Street, Wigan, WN6 7EF
• Property Type: 3-bedroom mid-terrace house
• Tenure: Leasehold – peppercorn ground rent, approx. 799 years remaining
• Tenancy Status: Sitting tenants, in situ since early 2024, sold with tenants in place
• Asking Price: £155,000
• Gross Yield: 6.58%
YIELD & RETURNS
This property offers a gross rental yield of 6.58% based on the current asking price and passing rent, a strong return for a tenanted North West terrace, and one that compares favourably against typical buy-to-let benchmarks in the wider region. Key return drivers include:
• Immediate income: rent begins accruing to the new owner from the day of completion, no re-letting delay.
• Established tenancy: tenants in situ since early 2024 provide a proven payment track record ahead of purchase.
• Low ongoing lease cost: a peppercorn ground rent with c. 799 years remaining removes any meaningful leasehold liability, functioning in practice like a freehold hold.
• Reduced acquisition friction: no agency fees for tenant-finding, referencing, or void-period costs to factor into first-year returns.
LOCATION
Wigan sits within the Greater Manchester travel-to-work area and benefits from direct rail links into both Manchester and Liverpool, making it a consistently popular choice for commuters and, in turn, tenants. Compared with core Manchester and Liverpool postcodes, Wigan offers a materially lower cost of entry while still enjoying strong rental demand within the terraced housing stock, a combination that has continued to draw investor interest to the town.
The local market benefits from steady demand from working tenants and families seeking affordable, well-connected housing, supporting consistent occupancy for well-maintained terraced stock such as this.
WHY BUY THIS PROPERTY
• Fully tenanted with immediate rental income from completion
• 6.58% gross yield on a modest £155,000 entry price
• Near-800-year lease at peppercorn rent, effectively freehold in practical terms
• Strong Greater Manchester commuter-belt location with established rental demand
• Hands-off investment: no letting, marketing, or re-tenanting required
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Delph Street, Wigan
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference delph-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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.