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See how verdicts work1-bedroom flat · WN1 1BP
For saleReduced £10k (−9.1%) on 26 OctListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within a striking stone-built former church, beautifully converted into just 20 distinctive apartments, this exceptional ground floor home offers a rare blend of character, style and convenience.
Perfectly positioned just a short five-minute stroll from Wigan town centre, the bus station and both train stations, the development combines impressive architecture with superb everyday accessibility.Recently refurbished throughout, the apartment is ideal for first-time buyers, downsizers seeking effortless single-level living, or investors looking for a highly rentable addition to their portfolio.Enjoying a superb position within this landmark development, the apartment is approached via an impressive communal courtyard and secure private entrance hallway, offering the ease and convenience of ground floor living.
Inside, the accommodation beautifully combines original character with stylish modern finishes, comprising a welcoming entrance hall, a spacious double bedroom, an elegant full-sized shower room and a stunning open-plan living and dining area complete with a contemporary fitted kitchen — ideal for both everyday living and entertaining guests.
Additional features include excellent built-in storage, a practical cloakroom and utility space with plumbing for a washing machine and dryer, gas central heating (boiler is only 3 years old), double glazing, secure intercom entry and an allocated parking space within the residents' private car park.Early viewing is highly recommended to appreciate the lifestyle on offer within this unique and characterful conversion.The current management fee, including ½ water usage and partial gas and electric is £165.83 per month.
We are advised that the tenure is leasehold with Lease Term of 999 Years From 1 January 2005. Ground rent £75. Council tax band is B.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About Northgate House, Standishgate, Wigan, WN1 1BP
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