143 Darlington Street East, Wigan, WN1 3EF

Description

To be sold by online auction on 21–22 October 2026 unless sold prior under auction terms. An attractive opportunity for buy-to-let landlords and investors to acquire a two-bedroom terraced property sold with a tenant in situ, providing immediate rental income from completion. The property is currently generating £825 per calendar month / £9,900 per annum. Internally, the accommodation comprises two reception rooms and a fitted kitchen to the ground floor, with two bedrooms and a family bathroom to the first floor.

Accommodation

Two reception rooms and a fitted kitchen on the ground floor; two bedrooms and a family bathroom on the first floor.

Location

Situated in an established residential area of Wigan, conveniently positioned for access to Wigan town centre, local shops, schools and everyday amenities, together with transport links connecting the surrounding Greater Manchester area.

Tenure / Property Information

Investment Analysis

The subject last sold for £70,000 in December 2024. Nearby leasehold terraced comparables include £82,500 in August 2024, £85,000 in November 2022 and £105,000 in March 2022, with older evidence up to £125,000. The £79,000 guide is above the subject's latest recorded sale but below several nearby comparables. A base GDV of £82,500 is considered supportable, with a broad evidence-based range of £70,000 to £125,000. The property is tenanted at £825 pcm, providing stated immediate rental income, although tenancy terms and rent verification were not supplied.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let acquisition only if the tenant, tenancy terms, rent payments and property condition are satisfactorily verified. Avoid relying on a flip case at the £79,000 guide because the base GDV spread is narrow before transaction and selling costs.

Works Required

No refurbishment works are identified in the supplied evidence. The property is reported as EPC C and tenanted, so the immediate focus should be verification of condition, tenancy documentation, compliance and any landlord obligations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £82,500 base GDV and assuming no refurbishment allowance or buyer/admin fees because none were supplied, 75% refinance value is £61,875. Against the £79,000 guide, indicative cash left in is £17,125. This is only an illustrative guide-price calculation and excludes finance, tax, legal, auction and any undisclosed works costs.

Buy-to-Let Analysis

At the stated passing rent of £825 pcm, annual rent is £9,900 and the gross yield on the £79,000 guide is approximately 12.53%, before finance, maintenance, management, voids, tax and other costs. The £875 pcm comparable is an advertised asking rent rather than achieved rent. BTL assessment is therefore attractive on headline income, subject to confirming the tenancy, rent payment history and property condition.

Flip Analysis

The base GDV of £82,500 gives only a £3,500 gross difference over the £79,000 guide before selling costs, finance, tax and works. No supported selling-cost allowance or refurbishment budget is available, so a reliable flip surplus cannot be established. The evidence favours income retention over a resale strategy.

Investor Risks & Due Diligence

• The £79,000 guide exceeds the subject property's recorded £70,000 sale in December 2024.

• The tenant is in situ, but tenancy terms, deposit information, rent payment history and possession position were not supplied.

• No buyer premium, administration charge or other auction fees were provided.

• No detailed condition, parking or heating information was supplied, so undisclosed costs cannot be assessed.

• The £875 pcm rental evidence is an advertised asking rent, not an achieved rent.

• The base resale spread is narrow before finance, tax, selling costs and any works.

Recommendation

Consider as a buy-to-let acquisition only if the tenant, tenancy terms, rent payments and property condition are satisfactorily verified. Avoid relying on a flip case at the £79,000 guide because the base GDV spread is narrow before transaction and selling costs.

Strategy Rating

Analysis Confidence

The analysis has a recorded subject sale, several nearby completed sales, stated passing rent and lease information. Confidence is reduced by the absence of tenancy documents, condition details, auction fees, buyer costs, finance costs and selling-cost evidence.