LOT 4 · RESIDENTIAL PROPERTY
116 Woodhouse Lane
Wigan, WN6 7LZ
Property description
The property comprises a vacant six-bedroom HMO, with each bedroom benefiting from its own en-suite shower room, arranged within an end-of-terrace building over ground, first and second floors.
We have been advised by the seller that, based on each room achieving a monthly rent of approximately £500, the property has the potential to generate a gross rental income of approximately £36,000 per annum. Prospective purchasers should rely on their own enquiries regarding achievable rental values.
Accommodation
Ground Floor
Kitchen
Three Rooms with Ensuite Shower Rooms and Wash Hand Basin
First Floor
Three Rooms with Ensuite Shower Rooms and Wash Hand Basin
Location
The property is situated on Woodhouse Lane in an established residential area of Wigan, conveniently positioned for a range of local shops, supermarkets and everyday amenities. A Lidl supermarket and a selection of convenience stores are located nearby, while the more extensive shopping, dining and leisure facilities of Wigan town centre are within easy reach.
The area is well served by transport links, with regular local bus services and road connections providing access to the surrounding areas. Mesnes Park offers a range of open green space and recreational facilities, and Wigan Wallgate railway station is located approximately 1 km from the property, providing direct rail services to destinations including Manchester and Southport.
Addendum
There is an additional buyers premium of £5,000 Plus VAT applicable on this lot. This is in addition to the buyers admin fee of £1,500 Plus VAT. Both fees are payable to the auctioneers.
Run the Numbers
Explore rental returns and monthly repayments for this property.
Your rental returns
- Gross yield
- 25.7%
- Net yield
- 25.7%
- Annual income
- £36,000
Net yield deducts your annual running costs, before tax and finance.
Yields use the purchase price and assume 12 months’ rent. Include maintenance, insurance, management and vacancy allowances in annual costs. Tax, finance and purchase fees are excluded.
Illustrative estimates only, not financial advice or a lending offer. Confirm funding and the completion deadline before bidding.
Additional Fees & Important Information — Swift Property Auctions
Buyer's Premium & Disbursements
Some lots may include additional charges on completion. Full details are contained within the legal pack and addendum and should be reviewed before bidding.
Guide & Reserve Prices
Guide prices reflect the seller's minimum expectation at the time of listing. They are not valuations and may change prior to auction. All lots are offered subject to a Reserve Price, being the minimum the seller has authorised a sale at.
Administration Fee
A fee of £1,800 (including VAT) is payable on exchange, unless stated otherwise in the addendum.
Available Prices (Post-Auction)
Where a property remains unsold, an Available Price may be advertised. This reflects the seller's expectations post-auction and is subject to contract.
Reliance on Guide Prices
Swift Property Auctions and the seller accept no responsibility for any loss arising from reliance on Guide Prices. It is the bidder's responsibility to determine the level at which they wish to bid.
Fees, VAT & Additional Charges
Guide Prices exclude the buyer's fee, VAT (if applicable), and any seller's costs. These are detailed within the Special Conditions of Sale.
Accuracy & Property Condition
Particulars, images and measurements are for guidance only and may change. No warranty is given as to condition or structure. Buyers should make their own enquiries and obtain professional advice before bidding.
Withdrawn or Pre-Sold Lots
Neither Swift Property Auctions nor the seller will be liable for costs or losses relating to lots withdrawn or sold prior to auction.
PROPERTY ENQUIRY
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Ask about 116 Woodhouse Lane, arrange a viewing or discuss your next steps.