UK Property Investments Since 2006
Contact us: +44 (0)20 3603 8903

Wigan: 10.35% net yield guaranteed for 5 years

Wigan: 10.35% net yield guaranteed for 5 years

£61,000

  • Close to Shops, Bus Routes and Schools
  • Gas central heating
  • UPVC double glazing

Description

northumberland-wigan-1

This mid terrace 2 bed property is in a fair condition, but does require a partial refurbishment to make it habitable.

An estimated £5,000 to £6,000 will be required for the refurbishment works in addition to an acquisition price of £55,000 – meaning a total maximum outlay of £61,000.

We have managed to secure a net income of £585 per month on this property over a 5 year period as a government backed asylum seeker property investment meaning a total net income per year of £7,020. Taking into account an estimated 10% to manage the property, the net result is a 10.35%  net yield against cash invested. Should you opt for self management, the net yield is over 11.5%.

Property Description

The property comprises of an entrance porch, entrance hall, lounge, kitchen-dining room and a kitchenette. To the first floor two bedrooms and a bathroom. The property further benefits from a gas central heating system, double glazed windows and small yard to the rear. It is located in a popular location just a short walk from Wigan town centre and train links to Manchester and Liverpool with local shops and schools near-by.

As an aside, properties in this area which are in a good condition are being marketed for £65,000 to £75,000, meaning the client has an option of exiting the investment with a good uplift in value.

Images

Location

What to do next?

Interested? If you are a current client, please forward your latest proof of funds to your account manager with this property detailed in the message. if you are looking to come on board as a new client, then call us on 020 3603 8903 or send us an email for more information.

Additional information

Bedrooms

2

Heating

Gas central heating

Size

80m2

Tenure

Freehold

Other

Some double glazing, Carpeted in areas

Contact Us

26 York Street
London
W1U 6PZ
Tel: +44 (0) 20 3603 8903

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