Hunters says ..
INVESTMENT OPPORTUNITY - HUNTERS are pleased to market for sale a unit comprising of a shop with storage space and four self contained flats situated in town centre location and with a potential rental income of £21,600 per year. The property briefly comprises of ground floor shop previously used...
Property Oracle says ..
This property on Railway Road, Leigh, is presented as a block of apartments, comprising a shop with storage and four self-contained flats. The listing highlights its potential as an investment opportunity, suggesting a possible rental income of £21,600 per year. However, the provided photographs indicate a property in considerable need of renovation. The interiors are largely unfinished and require substantial work. There is no garden or additional land. The location is convenient in terms of its proximity to schools, the town centre and railway stations, but the lack of information on local amenities restricts the assessment of the overall convenience of the location. Determining the value requires a thorough assessment of the potential rental income and a comparison with similar investment properties in Leigh, accounting for the significant costs of renovation. The current listing price may be high considering the considerable refurbishment needed but potentially justified if the rental income projections prove realistic.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 4
- Location
- 7
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 4
- Sqft (est)
- 800.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 158,694.00 £Increased by 2.03 %
- Est sale value
- 182,400.00 £Increased by 70.15 %
- Average area rental value
- 976.00 £/moIncreased by 24.81 %
- Est letting value
- 800.00 £/mo
- Est rental Yield
- 7.38 %Increased by 22.39 %
- Crime Rate
- 0.00 %
Agent Activity
Hunters created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Leigh Cofe Primary School | Academy Sponsor Led | 0.30 KM | |
| Leigh St Mary'S Cofe Primary School | Voluntary Aided School | Good | 0.32 KM |
| Christ Church Cofe Primary School, Pennington | Voluntary Aided School | Good | 0.39 KM |
| Leigh Central Primary School | Community School | Good | 0.39 KM |
| Leigh Central Sure Start Children'S Centre | Children's Centre Linked Site | 0.39 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Market Street | £ 395,000 | 0 | 0.00 KM |
| Spinning Jenny Way | £ 155,000 | 0 | 0.00 KM |
| Cook Street | £ 0 | 0 | 0.00 KM |
| Market Place | £ 0 | 0 | 0.00 KM |
| Ellesmere Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Daisy Hill | 2777 | DSY | 4.80 KM |
| Hag Fold | 2585 | HGF | 4.97 KM |
| Atherton | 2584 | ATN | 5.76 KM |
| Westhoughton | 2619 | WHG | 6.60 KM |
| Hindley | 2398 | HIN | 8.02 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Marina Walk, Leigh | £ 155,000 | BUY | 5 / 10 | 0.17 KM |
| Railway Road, Leigh, WN7 | £ 120,000 | BUY | Unknown | 0.17 KM |
| Cook Street, Leigh, WN7 | £ 125,000 | BUY | Unknown | 0.17 KM |
| Railway Road, Leigh, WN7 | £ 110,000 | BUY | 5 / 10 | 0.18 KM |
| The Old Library, Railway Road, WN7 | £ 145,000 | BUY | 6 / 10 | 0.18 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 23 Railway Road | £ 54,999 | 0.15 KM |
| 17 Railway Road | £ 125,000 | 0.15 KM |
| 39 Railway Road | £ 46,500 | 0.15 KM |
| 36 Cook Street | £ 90,000 | 0.16 KM |
| 26 Cook Street | £ 53,000 | 0.16 KM |