Floorplan
Map10 bedroom block of apartments for sale
Key information
Features and description
- Two full apartment blocks sold together – 10 self-contained 1-bed flats
- Vacant and ready for refurbishment or full upgrade programme
- Strong rental demand for affordable, self-contained 1-bed homes
- Refurbished units typically achieve £625–£700 pcm locally
- Projected combined rental income of £75,000–£80,000 per year once updated
- Attractive projected yield of around 13%–15% at the £540,000 guide price
- Straightforward layouts ideal for modernisation and adding value
- Rare opportunity to acquire scale in Wigan at a competitive guide price
- For Sale by Modern Auction – T & C’s apply, subject to reserve price, buyers fees apply
4 & 5 Park Terrace, Wigan, WN1 1SU
Guide Price: £540,000 – Two Apartment Blocks (10 Flats Total)
A rare chance to acquire two neighbouring apartment blocks, sold together as one lot and providing a total of ten self-contained one-bedroom flats. Ideal for investors, landlords or developers seeking a clear value-add project with strong rental demand.
No.4 Park Terrace – 5 Flats
Part-refurbished with several units benefitting from new kitchens, bathrooms and carpets.
Some areas still require finishing, offering a great opportunity to complete the block to a modern rental standard.
No.5 Park Terrace – 5 Flats
A full refurbishment project throughout, giving buyers plenty of scope to redesign, upgrade and create high-demand rental units once modernised.
Flat Layouts (Both Blocks)
Open-plan kitchen/living space
Shower room
One double bedroom
Straightforward layouts ready for modernisation
Rental & Investment Potential
Strong local demand for affordable, self-contained 1-bed units from young professionals, contractors and long-term renters
Refurbished 1-bed homes in this area typically achieve £625–£700 pcm
Combined projected rental income of £75,000–£80,000 per year once refurbished and fully let
At the £540,000 guide price, the blocks offer an attractive projected yield of around 13%–15% post-refurbishment
Overall Opportunity
Ideal for a buyer seeking a clear, straightforward refurbishment project
Significant scope to upgrade, increase rental income and add long-term value
Priced to encourage strong interest and achieve a quick sale
Please note: The floorplan is provided for guidance only — the internal layout may differ from the current arrangement.
Rooms
Auctioneers Comments
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
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The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
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