2 Bed Terraced House, Single Let, Bolton, BL6 4EF, £140,000

51 Heaton Road, Bolton, Greater Manchester, BL6 4EF - 7 views - 2 years ago

BTL
ROI: 7%
~80 m²
+5 photos

ValuationUndervalued

Sold Prices£113K - £325K
Sold Prices/m²£1.6K/m² - £4.4K/m²

 

 

Square Metres

~79.80 m²
Price/m²£1.8K/m²

Value Estimate

£172,200
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£775 - £1,500

Rent Estimate

£856

Running Costs/mo

£629

Cashflow/mo

£227

Cashflow/yr

£2,728

ROI

7%

Gross Yield

7%

Local Sold Prices

32 sold prices from £113K to £325K, average is £171.3K. £1.6K/m² to £4.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£118K11/210 mi54, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EF2
£113K01/210 mi44, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EF2
£123K04/210 mi50, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EF2
£206K11/230.07 mi23, Pendennis Avenue, Lostock, Bolton, Greater Manchester BL6 4RS2
£155K02/210.09 mi29, Middlebrook Drive, Lostock, Bolton, Greater Manchester BL6 4RH2
£158K09/230.1 mi14, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EE2
£125K02/210.1 mi9, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EE2
£175K05/230.1 mi28, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EE2
£143K03/210.1 mi24, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EE2
£150K10/200.1 mi20, Heaton Road, Lostock, Bolton, Greater Manchester BL6 4EE2
£160K04/210.12 mi18, Kilsby Close, Lostock, Bolton, Greater Manchester BL6 4RB2
£172.5K03/230.12 mi12, Kilsby Close, Lostock, Bolton, Greater Manchester BL6 4RB2
£155K07/210.22 mi106, Middlebrook Drive, Lostock, Bolton, Greater Manchester BL6 4RJ2
£157.9K12/220.51 mi14, St Johns Road, Lostock, Bolton, Greater Manchester BL6 4ET2
£205K12/200.51 mi28, Chesterton Drive, Bolton, Greater Manchester BL3 4RT2
£205K12/200.51 mi28, Chesterton Drive, Bolton, Greater Manchester BL3 4RT2
£186.5K03/230.54 mi31, St Johns Road, Lostock, Bolton, Greater Manchester BL6 4ET2
£280K06/210.55 mi8, Beaumont Drive, Bolton, Greater Manchester BL3 4RZ2
£240K07/210.56 mi10, Glenmore Close, Bolton, Greater Manchester BL3 4RY2
£297K10/220.56 mi4, Glenmore Close, Bolton, Greater Manchester BL3 4RY2
£195K11/230.63 mi101, St Johns Road, Lostock, Bolton, Greater Manchester BL6 4HB2
£260K11/200.64 mi5, Ashdale Avenue, Bolton, Greater Manchester BL3 4PH2
£325K04/230.68 mi13, Rutherglen Drive, Bolton, Greater Manchester BL3 4PN2
£165K12/200.68 mi40, St Johns Road, Lostock, Bolton, Greater Manchester BL6 4HA2
£165K12/200.68 mi40, St Johns Road, Lostock, Bolton, Greater Manchester BL6 4HA2
£255K12/220.77 mi13, The Walkway, Bolton, Greater Manchester BL3 4NT2
£183K09/220.9 mi8, Sandray Close, Bolton, Greater Manchester BL3 4QA2
£170K06/230.96 mi873, Wigan Road, Bolton, Greater Manchester BL3 4RJ2
£175K07/210.97 mi17, Glenshee Drive, Bolton, Greater Manchester BL3 4QG2
£158K11/220.98 mi33, Cranberry Drive, Bolton, Greater Manchester BL3 4TB2
£125K11/200.98 mi32, Cranberry Drive, Bolton, Greater Manchester BL3 4TB2
£175K05/230.98 mi57, Cranberry Drive, Bolton, Greater Manchester BL3 4TB2

Local Rents

16 rents from £775/mo to £1.5K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£77512/240 miHeaton Road, Lostock, Bolton, BL62
£1,50012/240.28 miFlat A, Willowbank, 34 Lostock Junction Lane, Lostock, BL6 4JW2
£89504/240.49 miNeilston Rise, Bolton, BL12
£89502/240.96 mi-2
£99502/240.96 mi-2
£1,45003/241.01 mi11 Stockmar Grange, Bolton, BL1 5GQ2
£1,10003/241.05 miClevelands Drive, Bolton, BL12
£85001/251.07 mi-2
£85002/251.07 mi-2
£90012/241.07 mi-2
£1,20003/241.1 miLingmell Close, Markland Hill, Bolton2
£99503/241.12 mi112 Markland Hill, Bolton, BL1 5EJ2
£87512/231.17 mi-2
£89511/241.24 mi-2
£92503/251.24 mi-2
£85012/241.24 mi-2

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

1.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £140,000

July 14, 2023

Sold for £127,000

2020

Sold for £95,000

2011

Sold for £44,000

1998

Floor Plans

Description

  • Two-Bedroom End Terrace +
  • Located in a Highly Sought After Location +
  • Within Walking Distance of Lostock Train Station +
  • Spacious Throughout +
  • EPC D +

Great opportunity to purchase this two bedroom, end terraced property located in the sought after area of Lostock. This property would be perfectly suited to a first-time buyer or an investor looking to expand their rental portfolio. Within walking distance to Lostock Train Station and close to local schools and amenities. On entering the property is an entrance vestibule leading into a large reception room which has carpet throughout and space to accommodate a living area and dining area. To the rear of the ground floor is access into the kitchen which comprises of a range of wall and base units, incorporating a stainless-steel sink, four-ring gas hob, integrated oven, overhead extractor fan. There is also plumbing in place for a washing machine and space to accommodate a tall fridge / freezer. To the first floor is two double bedrooms and a family bathroom. The first bedroom is to the front of the property and has a fitted carpet with a front aspect window. To the rear of the first floor is the second bedroom which also is carpeted with a rear aspect window. The family bathroom is next, this comprises of a three-piece suite incorporating a panelled bath with a wall mounted mixer shower, W/C and a hand wash basin. Externally, the property has an enclosed rear yard to the rear, designed with low maintenance in mind.

Agent Details

The Purple Property Shop, Bolton

01204 958074

Next Steps?

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