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See how verdicts work2-bedroom flat · WN3 4FQ
For saleListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two Bedroom Tenanted Investment Apartment – Approx.
9.9% Gross Yield | £87,500 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
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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FAQ
About Victoria Mill, Miry Lane, Wigan
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