Wigan Lettings Property Blog

This property was recently snapped up and it shows there are still some very good investment opportunities out there for our Landlords.

This 3 bed terraced house in the very popular Springfield area of WN6 was listed at £50,000.

and for £10k-£15k it represents an investment of approximately £65,000.

With an anticipated rent of at least £500 pcm this provides a gross yield of a whopping 9%.

http://www.alanbatt.co.uk/property-details/5797857/lancashire/wigan/springfield-2?page=1&showstc=on&instruction_type=Sale&address_keyword=heardman&minprice=&maxprice=

There is even more good news for this investor!!

Values are slowly but surely recovering in Wigan and at their peak, prices being achieved for this type of property were in the region of £100k-£110k.

Still plenty of potential capital growth for this lucky landlord 

I hope you have enjoyed this blog as much as I have writing it 

If you want to discuss any Sales or Lettings issues in our local property market just email on the Ask Alan section of our new website.

http://www.alanbatt.co.uk/about-alan-standish-estate-agents-wigan/ask-alan.html

Alan Batt MRICS

Chartered Valuation Surveyor 

Best Price Specialist Estate Agent