Summary - Flat 4 Queens Court, Wardley Street, WIGAN WN5 8BF
2 bed 2 bath Flat
Income-producing two-bed unit with parking and garden for investors.
Tenant in situ with steady payments and long residency
Approximate gross yield c.6.5% based on current rent and price
Leasehold tenure — check lease length and service charges
Private rear garden and communal off-street parking included
732 sq ft; two bedrooms and two bathrooms, medium-sized living room
Area classified as deprived; local market dominated by social renters
Buyer’s Premium applies to secure transaction — factor additional cost
Prospective buyers should review Let Property Pack and tenancy details
This two-bedroom, two-bathroom flat in Wigan is presented primarily as a buy-to-let opportunity with a long-standing tenant in situ. The property occupies about 732 sq ft, includes a private rear garden and communal private off-street parking, and currently produces a gross annual income of £7,200 (approximately a 6.5% gross yield at the asking price). Its contemporary living room and practical layout suit rental demand in the area.
Important practical points are straightforward: the property is leasehold and lies in an area classified as deprived, with a local profile of social renters and communal retirement housing nearby. Tenants wish to remain, so any purchaser must accept the tenancy or negotiate with the current occupants; prospective buyers should review the Let Property Pack and the lease terms before committing.
For investors, the clear strengths are immediate rental income, tenant stability, and off-street parking plus an outdoor space—features that support lettability. Material drawbacks include the leasehold tenure, the neighbourhood deprivation indicators which may limit capital growth, and the stated Buyer’s Premium applied to the transaction process. Buyers should check the lease length, service charges, management arrangements and any refurbishment needs before purchase.
Overall this flat suits a serious investor or landlord seeking an income-producing addition to a portfolio with scope to review rent on renewal and potential for value improvement through targeted refurbishment. It is less suited to purchasers seeking immediate vacant possession or guaranteed capital appreciation.
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