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85 Albert Street, Wigan, Lancashire, WN5 9DR
Marketed by:
Auction House London
1a, 5 Hampstead Gate, London NW3 6AL, UK
020 7625 9007
Vacant Two-Bedroom Terraced House in Wigan
85 Albert Street, Wigan, Lancashire, WN5 9DR
For Sale
£50,000+
• 2 Bedrooms
• Terraced House
• Freehold
• Vacant
• Off street parking
• Current Rating D
Description
A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors.
Accommodation
Ground Floor: Reception Room, Kitchen/Diner, Utility Room. First Floor: Two Bedrooms, Bathroom. Exterior: Rear yard and off street parking.
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Alexandra Park are within easy reach. Transport links are provided by Pemberton rail station.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
EPC |
Current Rating D |
Parking |
Off street parking |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
Same-street completed sales range from £73,000 to £143,000, with the most recent evidence at £91,000 in January 2025. The £143,000 2022 sale is materially higher and property condition/specification are unknown, so it is a weak upper scenario. Refurbishment costs and achieved market value remain uncertain.
Investment Snapshot
Guide Price |
£50,000+ (plus fees) |
HB Estimated GDV |
£91,000 |
Strategy Recommendation
Proceed only after legal-pack review, inspection and firm refurbishment quotations. The opportunity appears more suitable for a refurbishment-led resale or BRRR assessment than BTL until rent evidence is obtained.
Works Required
Refurbishment is required, but the evidence does not specify defects or scope. Allow for inspection-led renewal of the accommodation, kitchen, bathroom and finishes only where required, with costs confirmed by quotations.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
81, Albert Street, Wigan, Wigan, Wn5 9dr |
£91,000 |
|
79, Albert Street, Wigan, Wigan, Wn5 9dr |
£143,000 |
|
79, Albert Street, Wigan, Wigan, Wn5 9dr |
£89,950 |
|
83, Albert Street, Wigan, Wigan, Wn5 9dr |
£73,000 |
|
79, Albert Street, Wigan, Wigan, Wn5 9dr |
£80,000 |
Potential BRRR Position
Base GDV |
£91,000 |
75% Refinance |
£68,250 |
At the base GDV of £91,000, 75% refinancing equates to £68,250. Against the £50,000 guide plus the known £1,800 administration charge, this leaves £16,450 before refurbishment, legal/disbursement costs, finance and tax; actual cash requirement cannot be determined.
Buy-to-Let Analysis
BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs and total acquisition cost are also unknown.
Flip Analysis
A potential resale spread exists against the £91,000 base GDV, but refurbishment costs, selling costs and other acquisition costs are not sufficiently evidenced. The £143,000 comparable is a dated high outlier and should not be relied upon without further verification.
Investor Risks & Due Diligence
• Unknown refurbishment scope and cost
• No sufficiently specific rental evidence
• Special-condition legal, search, seller-cost and transfer-fee disbursements may apply
• Comparable sale prices vary substantially and property condition/specification are unknown
• Guide price is stated as plus fees
Recommendation
Proceed only after legal-pack review, inspection and firm refurbishment quotations. The opportunity appears more suitable for a refurbishment-led resale or BRRR assessment than BTL until rent evidence is obtained.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
There is useful same-street sold-price evidence, but refurbishment scope, rental evidence, legal disbursements and selling costs are unavailable.
Auction Details :
Auction House London
Auction Date :
11/11/26
Lot Number :
023A
Property Location:
85 Albert Street, Wigan, Lancashire, WN5 9DR
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