1 bedroom apartment

Wallgate Apartments, Victoria Mill, Wigan

Size: 42.5 sqm

Purchase price

£89,950

Size: 42.5 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,720
Ground rent £150
Service charge £1,393
Net income £5,177
Gross yield 7.47%
Net yield 5.76%

yieldit are pleased to present the opportunity to invest in one of Greater Manchester’s most popular boroughs, with this premium apartment situated in a former mill which was tastefully transformed into Wallgate Apartments in 2020. This first-floor apartment benefits from high qualify fixtures and fittings, an open plan living area with large, double-glazed window, stylish fully fitted kitchen, spacious double bedroom, utility cupboard, bathroom and allocated parking space.

The development has proved very popular on the rental market with this particular apartment being fully let since completion, which is no surprise with both Wigan Wallgate Station and Wigan North Western Station just 0.3 miles away. The borough sits in an ideal position between the cities of Manchester and Liverpool, making it the ideal base for working professionals seeking high quality and good value rental accommodation. Wigan is a thriving economic hub, where more than 12,000 businesses are based providing plenty of employment opportunities which drive the demand for rental properties such as this one.

Wigan will continue to reap the benefits of the exponential economic growth of Manchester, which in 2021 the city ranked as growing at the second highest rate of all of the 30 major European cities. Significant investment is also underway to revitalise Wigan Town Centre too, which already attracts over 300,000 visitors per week and supports over 10,000 jobs. The projects of regeneration planned include a hotel, market hall, co-working space, offices and a landscaped public square which will broaden its appeal as a place to live and create more employment opportunities which will drive up rental demand. This is an opportunity not to be missed so don’t miss out and enquire today.

INVESTMENT OPPORTUNITY IN A PREMIUM MILL CONVERSION IN A FANTASTIC LOCATION! One double bedroom apartment with allocated parking space yielding near 6% NET.

Interested in this property? Enquire today for more information

Key features

Key features

Investment opportunity

Key features

Fantastic rental yield with scope to be 7% NET

Key features

Long lease

Key features

Completed in 2020

Key features

Premium one bedroom apartment

Key features

High quality fixtures and fittings

Key features

Stylish kitchen and bathroom

Key features

Allocated parking space

Key features

Walking distance to two train stations

Key features

Excellent commuter base

INVESTMENT OPPORTUNITY IN A PREMIUM MILL CONVERSION IN A FANTASTIC LOCATION! One double bedroom apartment with allocated parking space yielding near 6% NET. More info...

yieldit are pleased to present the opportunity to invest in one of Greater Manchester’s most popular boroughs, with this premium apartment situated in a former mill which was tastefully transformed into Wallgate Apartments in 2020. This first-floor apartment benefits from high qualify fixtures and fittings, an open plan living area with large, double-glazed window, stylish fully fitted kitchen, spacious double bedroom, utility cupboard, bathroom and allocated parking space.

The development has proved very popular on the rental market with this particular apartment being fully let since completion, which is no surprise with both Wigan Wallgate Station and Wigan North Western Station just 0.3 miles away. The borough sits in an ideal position between the cities of Manchester and Liverpool, making it the ideal base for working professionals seeking high quality and good value rental accommodation. Wigan is a thriving economic hub, where more than 12,000 businesses are based providing plenty of employment opportunities which drive the demand for rental properties such as this one.

Wigan will continue to reap the benefits of the exponential economic growth of Manchester, which in 2021 the city ranked as growing at the second highest rate of all of the 30 major European cities. Significant investment is also underway to revitalise Wigan Town Centre too, which already attracts over 300,000 visitors per week and supports over 10,000 jobs. The projects of regeneration planned include a hotel, market hall, co-working space, offices and a landscaped public square which will broaden its appeal as a place to live and create more employment opportunities which will drive up rental demand. This is an opportunity not to be missed so don’t miss out and enquire today.

  • Key features
    Tick Desktop Investment opportunity
    Tick Desktop Fantastic rental yield with scope to be 7% NET
    Tick Desktop Long lease
    Tick Desktop Completed in 2020
    Tick Desktop Premium one bedroom apartment
    Tick Desktop High quality fixtures and fittings
    Tick Desktop Stylish kitchen and bathroom
    Tick Desktop Allocated parking space
    Tick Desktop Walking distance to two train stations
    Tick Desktop Excellent commuter base
  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,720
Ground rent £150
Service charge £1,393
Net income £5,177
Gross yield 7.47%
Net yield 5.76%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.