2-bedroom flat · WN3 4DU
Listing removedListed 12 daysAuction 1 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered For Sale On The Modern Method Of Sale - Cash Buyers Only-Fabulous Rental Yield of 15% The accommodation comprises - entrance hall, spacious open plan living area, high specification kitchen with ample work surfaces and full range modern units and appliance space, two bedrooms, main bedroom with en-suite shower room and an immaculate bathroom suite.
This apartment would be perfect for any city commuters, or possibly retired clients seeking an alternative to a bungalow.
The apartment is a unique fusion of Wigan's industrial heritage and the refinements of vibrant living and should not to be missed...Viewing are highly recommended.
EPC Grade D Leasehold 250 years from 1 January 2005. £100 per year annual ground rent at the time of listing.
Current Annual Service Charge as advised at instruction is £2,859 PA at the time of instruction.
(to be confirmed) The external maintenance and building insurance is included in the Service Charge, Local Authority is Wigan Council..
EPC Grade D Council Tax Band B Modern Method Of Sale Terms and Conditions Apply. Terms & Comments This property is for sale by the Modern Method of Sale .
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property.
The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.
A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: 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 traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
SKE260327/2 Description Offered For Sale On The Modern Method Of Sale Fabulous Rental Yield of 15% The accommodation comprises - entrance hall, spacious open plan living area, high specification kitchen with ample work surfaces and full range modern units and appliance space, two bedrooms, main bedroom with en-suite shower room and an immaculate bathroom suite.
This apartment would be perfect for any city commuters, or possibly retired clients seeking an alternative to a bungalow.
The apartment is a unique fusion of Wigan's industrial heritage and the refinements of vibrant living and should not to be missed...Viewing are highly recommended.
EPC Grade D Leasehold 250 years from 1 January 2005. £100 per year annual ground rent at the time of listing.
Current Annual Service Charge as advised at instruction is £2,859 PA at the time of instruction.
(to be confirmed) The external maintenance and building insurance is included in the Service Charge, Local Authority is Wigan Council..
EPC Grade D (truncated) Location This is a fabulous location close to Three Mills Dining and Public House Complex and Wigan North Western Train Station Main Entrance Area Entrance Hall Lounge/KItchen (Open Plan) 6.83m x 4.06m Bedroom 4.55m x 2.7m Ensuite W/C Bedroom 3.45m x 2.7m Bathroom W/C Modern Method Of Sale Modern Method Of Sale Terms and Conditions Apply.
Terms & Comments This property is for sale by the Modern Method of Sale . Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Iamsold Limited.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor.
This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee.
This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification (truncated)
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.
Area
Agent & docs
FAQ
About Heritage Way, Wigan, Greater Manchester, WN3
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