Modern Method of Auction
Auction date not yet published
2-bedroom detached house · WN6 7PZ
For saleReduced £10k (−6.5%) on 2 OctListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Knowsley Road, Wn6 Commercial Premises With Two-Bedroom Flat Auction Opportunity *** for sale by modern method of auction; starting bid price £170,000 plus reservation fee.
*** An excellent investment opportunity comprising a ground floor commercial premises with a self-contained two-bedroom flat above.
Offering flexible commercial space alongside residential accommodation, this mixed-use property presents excellent potential for investors, business owners or those seeking a rental income.
EPC: D tenure: Leasehold - £5PA - 999 year lease property features and details: For sale by Modern Method of Auction Ground floor commercial premises Self-contained two-bedroom flat Open plan living kitchen to the flat Separate commercial kitchen and WC Mixed-use investment opportunity Knowsley Road, WN6 location property location: St John Fisher Catholic High School, Wigan (0.4 miles) Sacred Heart Catholic Primary School (0.5 miles) Wigan Wallgate (1.8 miles) Wigan North Western (2.0 miles) Wigan Town Centre (2.0 miles) harrisons experience the difference book A viewing online / telephone / whatsapp flexible viewing appointments available open 6 days A week contact our branch for more details Flat Above Hallway: 3.512m x 0.841m Carpet flooring, pendant light, double panel radiator and a double glazed window with one opener.
Bedroom One: 2.95m x 2.59m Double glazed window and central heating radiator. Bedroom Two: 3.84m x 1.93m Double glazed window and central heating radiator.
Bathroom: 2.875m x 1.646m Fitted with a white three-piece suite comprising a shower, wash hand basin and WC.
Lino flooring, tiled walls, double panel radiator, pendant light and a frosted double glazed window with one opener.
Open Plan Living Kitchen: 4.432m x 2.832m Open plan living space featuring carpet and lino flooring, a media wall with TV space and a feature fireplace.
The fitted grey kitchen incorporates a sink and extractor fan. Two double glazed windows with openers and a pendant light complete the room.
Commercial Premises Entrance Porch: 1.831m x 1.267m Entrance porch with pendant light.
Front Shop: 8.344m x 3.517m Spacious commercial area with lino flooring, ceiling spotlights, double panel radiator and double glazed display windows fitted with shutters.
Second Room: 4.074m x 3.697m Versatile additional room with lino flooring, double panel radiator, pendant light and a double glazed window with four opening panels.
Kitchen: 3.137m x 2.127m Fitted with a range of white wall and base units incorporating a sink. Double panel radiator and pendant light.
Downstairs WC: 1.310m x 0.492m Fitted with a white WC and pendant light. Understairs Storage: 0.783m x 1.927m Useful storage cupboard housing the alarm box with pendant light.
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00.
These services are optional. Aml Disclaimer Please note it is a legal requirement that we require verified id from purchasers before instructing a sale.
Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors.
Agents Note Under Section 21 of the 1979 Estate Agents Act we must declare that the owner of this property is related to an employee of Harrisons Lettings and Management Ltd. Agents Note.
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.
Important note to potential purchasers: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Buyers information To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers.
We use the services of a third party, Credas, which Harrisons Lettings and Management Ltd will send your aml check.
There is a nominal charge of £30 including VAT for this (per person), payable direct to Harrisons Lettings and Management Ltd.
Please note, we are unable to issue a memorandum of sale until the checks are complete.
Referral fees We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying.
We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider.
The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.
Harrisons Lettings and Management are members of the property ombudsman redress scheme (membership no. T09665). All clients money is protected with Clients Money Protection (cmp).
Harrisons Lettings and Management are members of ARLA Propertymark (membership no. M00006602)
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 37 Knowsley Road, Wigan, Lancashire
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