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2 bedroom flat for sale
Richmond Street, Wigan, WN3 5EB
£90,000
Richmond Street, Wigan, WN3 5EB
£90,000
Price History
Initial price | £97,950 |
09/04/25 | £95,950 |
02/05/25 | £92,995 |
24/05/25 | £90,000 |
Price Change | -8.12% |
Description
This property at 50 Richmond Street is a fantastic investment opportunity for investors and first-time buyers alike. The two-bedroom property boasts a modern fitted kitchen, shower room, and gas central heating with a two-year-old boiler. Additionally, it features built-in wardrobes in the main bedroom, recently updated electrical box, and full double glazing. With an energy rating of C, the property meets the government's future energy efficiency standards, ensuring it can be rented past 2030 without costly improvements. Located in a prime spot near Wigan town centre, the property is currently tenanted, generating a healthy yield of 8% with a management fee of £99 pcm (rising to £112 from April). The lease term is 125 years from February 1992, making it a stable and attractive investment option.