# Commercial property for sale (WN7 4ND) ## Property Details | Key | Value | |-----|-------| | Address | 77 BRADSHAWGATE, LEIGH, GREATER MANCHESTER WN7 4ND | | Price | £78,000 | | Last sold | £45,000 Nov 2023 | ## Description **Description** A former HSBC bank premises located in Leigh town centre and sold with vacant possession. The property may be suitable for a variety of uses and is sold with the benefit of planning permission for change of use to a bar with a rear extension. The property offers approximately 99 Sq M (1,065 Sq Ft) of accommodation over two storeys. **Location** The property fronts the pedestrianised Bradshawgate at its intersection with Bold Street. Nearby occupiers include Home Bargains, Papa Johns Pizza, Iceland, and Spinning Gate Shopping Centre. There is a pay-and-display car park nearby accessed on Lord Street. **Addendum** We understand the vendor submitted an expression of interest for the Leigh Town Centre Building Grant Scheme, and was subsequently invited to develop a full application. The vendor has been advised by Wigan Council that the grant may be transferable to the buyer, if criteria and timescales are met. Buyers are advised to investigate this matter further. **Planning** Full details of the planning permission, reference A/24/97428/FULL, can be found via Wigan Council planning portal: **General** 1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder. 2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 24TH JUNE AND CLOSES ON WEDNESDAY 25TH JUNE. 3. Energy Performance Certificate = D. **Costs** Details of the Buyer's Premium and any additional fees payable are contained within the legal documents. **Tenure Comments** The property is sold freehold. ## Property Photos - ![Photo 1](/listings/photos/162782843/557813) - Photo 1 - ![Photo 14](/listings/photos/162782843/557818) - Photo 14 - ![Photo 12](/listings/photos/162782843/557821) - Photo 12 - ![Photo 5](/listings/photos/162782843/557822) - Photo 5 - ![Photo 11](/listings/photos/162782843/557823) - Photo 11 - ![Photo 13](/listings/photos/162782843/557824) - Photo 13 - ![Photo 18](/listings/photos/162782843/557825) - Photo 18 - ![Photo 17](/listings/photos/162782843/557826) - Photo 17 - ![Photo 19](/listings/photos/162782843/557827) - Photo 19 - ![Photo 20](/listings/photos/162782843/557828) - Photo 20 - ![Photo 21](/listings/photos/162782843/557829) - Photo 21 - ![Photo 24](/listings/photos/162782843/557841) - Photo 24 - ![Photo 25](/listings/photos/162782843/557850) - Photo 25 - ![Photo 26](/listings/photos/162782843/557852) - Photo 26 - ![Photo 16](/listings/photos/162782843/557856) - Photo 16 - ![Photo 15](/listings/photos/162782843/557858) - Photo 15 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 77 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4ND | £45,000 | 03/11/2023 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 37 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4NB | £530,000 | 29/11/2024 | Other | | 96 - 98 LORD STREET, LEIGH, WIGAN, GREATER MANCHESTER, WN7 1BY | £145,000 | 15/11/2023 | Other | | BROSELEY HOUSE, 116A BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4NP | £120,000 | 09/11/2023 | Other | | 3 QUEEN STREET, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4NQ | £50,000 | 01/05/2023 | Other | | 14 BROWN STREET NORTH, LEIGH, WIGAN, GREATER MANCHESTER, WN7 1BU | £290,000 | 31/10/2022 | Other | | 92 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4NP | £150,000 | 15/09/2022 | Other | | 3 CHARLES STREET, LEIGH, WIGAN, GREATER MANCHESTER, WN7 1DB | £275,000 | 13/05/2022 | Other | | 58 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4LA | £175,000 | 04/04/2022 | Other | | 9 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4NB | £121,500 | 25/02/2022 | Other | | 35 BOND STREET, LEIGH, WIGAN, GREATER MANCHESTER, WN7 1AG | £103,000 | 17/09/2021 | Other | | 62 - 64 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4LA | £382,000 | 28/07/2021 | Other | | 107 BRADSHAWGATE, LEIGH, WIGAN, GREATER MANCHESTER, WN7 4ND | £135,000 | 30/06/2021 | Other | **Area average:** £206,375 (12 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £157,274 (12 Other, WN7, 2024–2026) - **Deviation:** -50.4% ## Rental Range *ONS Price Index of Private Rents (Wigan). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £663/mo - **Realistic:** £737/mo - **Optimistic:** £811/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for East Lancs (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 1 Bed Terraced House, Bradshawgate, WN7 | £775/mo | 1 | 0.04 miles | OpenRent | | 1 Bed Terraced House, Brown Street North, WN7 | £430/mo | 1 | 0.04 miles | OpenRent | | 2 Bed Terraced House, Platt Fold Street, WN7 | £795/mo | 2 | 0.17 miles | OpenRent | | 2 Bed Terraced House, Henrietta St, WN7 | £785/mo | 2 | 0.18 miles | OpenRent | | 2 Bed Terraced House, Boughey Street, WN7 | £895/mo | 2 | 0.3 miles | OpenRent | **Average rent: £736/mo (5 listings)** ## 1% Rule - **Rent ratio:** 1.01% (strong) - **Max investor price (0.8%):** £98,125 - **Target investor price (1%):** £78,500 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £785/mo).* - **Gross yield:** 12.1% - **Cost-to-rent:** 8.3× - **Monthly cashflow:** £374/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 19.9% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -52.7% - **10y growth:** 415.9% ## House Price Index (HM Land Registry) *Official index for Wigan; All dwelling types series; as of March 2026.* - **1y growth (index):** -0.8% - **5y growth (index):** 28% - **10y growth (index):** 67.1% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)