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See how verdicts work3-bedroom terraced house · WN6 7EF
For saleListed 93 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
INVESTMENT SUMMARY 65 Delph Street is a well-presented three-bedroom terraced property in Wigan, offered to the market as a fully tenanted, income-producing investment.
The current tenants moved into the property at the start of 2024 and will remain in situ upon completion, ensuring an incoming investor benefits from rental income from day one, with no marketing period, void risk, or letting costs to absorb.
KEY FACTS • Address: 65 Delph Street, Wigan, WN6 7EF • Property Type: 3-bedroom mid-terrace house • Tenure: Leasehold – peppercorn ground rent, approx.
799 years remaining • Tenancy Status: Sitting tenants, in situ since early 2024, sold with tenants in place • Asking Price: £155,000 • Gross Yield: 6.58% YIELD & RETURNS This property offers a gross rental yield of 6.58% based on the current asking price and passing rent, a strong return for a tenanted North West terrace, and one that compares favourably against typical buy-to-let benchmarks in the wider region.
Key return drivers include: • Immediate income: rent begins accruing to the new owner from the day of completion, no re-letting delay.
• Established tenancy: tenants in situ since early 2024 provide a proven payment track record ahead of purchase. • Low ongoing lease cost: a peppercorn ground rent with c.
799 years remaining removes any meaningful leasehold liability, functioning in practice like a freehold hold.
• Reduced acquisition friction: no agency fees for tenant-finding, referencing, or void-period costs to factor into first-year returns.
LOCATION Wigan sits within the Greater Manchester travel-to-work area and benefits from direct rail links into both Manchester and Liverpool, making it a consistently popular choice for commuters and, in turn, tenants.
Compared with core Manchester and Liverpool postcodes, Wigan offers a materially lower cost of entry while still enjoying strong rental demand within the terraced housing stock, a combination that has continued to draw investor interest to the town.
The local market benefits from steady demand from working tenants and families seeking affordable, well-connected housing, supporting consistent occupancy for well-maintained terraced stock such as this.
WHY BUY THIS PROPERTY • Fully tenanted with immediate rental income from completion • 6.58% gross yield on a modest £155,000 entry price • Near-800-year lease at peppercorn rent, effectively freehold in practical terms • Strong Greater Manchester commuter-belt location with established rental demand • Hands-off investment: no letting, marketing, or re-tenanting required
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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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About 65, Delph Street, Wigan
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