Victoria Mill, Miry Lane, Wigan
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- 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
- Strong Yield – Approx. 9.9% gross yield, well above regional averages
- Immediate Income – Sold with sitting tenant, no void period or re-letting costs
- A1 EWS1 Rating – Fully compliant building, no remediation required
- Long Lease – Approx. 242 years remaining, supporting mortgageability and resale
- Turnkey & Furnished – Fully furnished with allocated parking, ready to hold from day one
- Prime Rental Location – Close to Wigan town centre, stations and employment hubs, sustaining tenant demand
Description
Apartment 33, Wallgate Apartments, Victoria Mill, Miry Lane, Wigan, WN3 4AG
A fantastic opportunity to acquire a fully tenanted, turnkey investment property within the sought-after Victoria Mill development. This well-presented two-bedroom, one-bathroom apartment is sold with a sitting tenant in place, delivering immediate rental income from day one.
Ideally located within easy reach of Wigan town centre and excellent commuter transport links, this property offers investors a rare combination of strong yield, low maintenance, and long-term security.
Key Investment Highlights
Asking Price: £87,500
Tenure: Leasehold (approx. 242 years remaining)
Current Rent: £725 pcm (£8,700 per annum)
Sold with sitting tenant – no void period
Gross Yield: approx. 9.9% | Net Yield: approx. 7.4%
EPC Rating: D
EWS1 Rating: A1 (no remediation required)
Ground Rent: £150 per annum
Service Charge: £2,035 per annum
Sold fully furnished
Allocated private parking space included
Why Invest in Apartment 33?
Immediate Income – A tenant is already in situ, so there's no waiting around for rent to start coming in.
Strong Rental Demand – Close to Wigan town centre, local transport links and employment hubs, helping maintain consistent occupancy.
Hands-Off Asset – Fully furnished with a long lease and A1-rated EWS1 certification, ideal for investors wanting a low-intervention addition to their portfolio.
Long Lease – Around 242 years remaining, supporting long-term security, mortgageability and resale value.
Growth Potential – Wigan continues to benefit from regeneration and improving transport connectivity, factors that typically support capital growth over time.
Property Description
Set within the characterful Victoria Mill conversion, Apartment 33 offers bright, contemporary accommodation throughout, including:
Open-plan living/dining area
Modern fitted kitchen with integrated appliances
Two well-proportioned bedrooms
Neutral three-piece bathroom suite
Secure entry system and well-maintained communal areas
The apartment is sold fully furnished, making it truly ready for investors from completion.
Location
Wallgate Apartments enjoys an enviable position for tenant appeal:
Close to Wigan Wallgate and Wigan North Western stations
Convenient access to Manchester, Liverpool, Preston and the motorway network
Short walk to Wigan town centre's shops, restaurants and leisure facilities
Nearby employment sites supporting steady rental demand
In Summary
Apartment 33 is perfectly suited to investors looking for:
A strong yield approaching 10%
Immediate income with a sitting tenant
A compliant, A1-rated EWS1 building
A long lease with manageable running costs
A furnished, low-maintenance investment
- 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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