2-bedroom flat · WN5 0AR
Listing removedReduced £5k (−4%) on 21 JunListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Situated on the ever-popular Thomas Street in the sought-after Newtown area of Wigan, this well-presented two-bedroom ground floor apartment offers comfortable, modern living with the added benefits of a private entrance and allocated parking.
The property features a bright and spacious open-plan living and dining area, seamlessly flowing into a contemporary kitchen fitted with a range of integrated appliances including a fridge freezer, oven, microwave oven and electric hob, making it ideal for both everyday living and entertaining.
Both bedrooms are well proportioned, while the apartment is completed by a modern bathroom finished to a clean, neutral standard.
To the rear, residents can enjoy access to a well-maintained communal lawn, providing a pleasant outdoor space.
Located in Newtown, the property is within easy reach of Wigan town centre, local shops, cafés and amenities, as well as excellent transport links including Wigan North Western and Wallgate train stations, motorway access, and nearby bus routes.
The area is also well served by schools, leisure facilities and scenic walks, making this an ideal home for first-time buyers, downsizers or investors alike. EPC Rating: B Location Newtown, Wigan
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
Agent & docs
FAQ
About 38 Thomas Street, Wigan
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