3 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 1LG, £180,000

Sharnford Close, Bolton, Lancashire, BL2 1LG - 1 views - a year ago

Leasehold
Refurb/BRRR
ROI: 11%
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£80K - £265K
Sold Prices/m²£901/m² - £3K/m²

 

 

Square Metres

~67.54 m²
Price/m²£2.7K/m²

Value Estimate

£116,875

 

 

End Value (After Refurb)

£177,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£28,559

Bridging Loan Interest

£4,725

Total Cash In

£91,334

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,750

Mortgage (After Refinance)

£133,313

Mortgage LTV

75%

Cash Left In

£91,334

Equity

£44,438

Rent Range

£975 - £3,000

Rent Estimate

£1,752

Running Costs/mo

£926

Cashflow/mo

£826

Cashflow/yr

£9,914

ROI

11%

Gross Yield

12%

Local Sold Prices

50 sold prices from £80K to £265K, average is £145K. £901/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£148K11/200.06 mi4, Bramcote Avenue, Bolton, Greater Manchester BL2 1LF3
£118K03/210.11 mi76, Hilden Street, Bolton, Greater Manchester BL2 1JD3
£200K05/210.14 mi89, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£230K01/210.14 mi145, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£175K02/210.14 mi109, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£162K02/210.15 mi1, Hope Avenue, Bolton, Greater Manchester BL2 1LT3
£168K12/200.17 mi52, Strawberry Hill Road, Bolton, Greater Manchester BL2 1LP3
£142K11/200.18 mi9, Hilden Street, Bolton, Greater Manchester BL2 1JA3
£175K06/210.18 mi8, Trillo Avenue, Bolton, Greater Manchester BL2 1LU3
£165K02/210.18 mi9, Trillo Avenue, Bolton, Greater Manchester BL2 1LU3
£222K04/230.23 mi167, Radcliffe Road, Bolton, Greater Manchester BL2 1NZ3
£178K04/210.23 mi1, The Grove, Bolton, Greater Manchester BL2 1LZ3
£86.5K11/200.25 mi67, Bradford Park Drive, Bolton, Greater Manchester BL2 1PA3
£175K05/230.25 mi10, Bradford Park Drive, Bolton, Greater Manchester BL2 1PA3
£265K02/210.25 mi121, Radcliffe Road, Bolton, Greater Manchester BL2 1NU3
£210K01/230.29 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£215K05/210.29 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£160K11/210.33 mi124, Radcliffe Road, Bolton, Greater Manchester BL2 1PE3
£80K07/210.4 mi25, Luton Street, Bolton, Greater Manchester BL3 2QU3
£127K06/230.44 mi142, Bradford Street, Bolton, Greater Manchester BL2 1JS3
£96.5K07/230.5 mi83, Tonge Fold Road, Bolton, Greater Manchester BL2 6AN3
£127K02/230.54 mi7, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£137K02/210.54 mi42, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£105K04/210.55 mi67, Crescent Road, Bolton, Greater Manchester BL3 2JP3
£125K07/230.55 mi7, Crescent Road, Bolton, Greater Manchester BL3 2JP3
£80.5K05/230.62 mi5, Clegg Street, Bolton, Greater Manchester BL2 6BL3
£146K08/210.62 mi17, The Sheddings, Bolton, Greater Manchester BL3 2JN3
£145K05/210.64 mi38, Hypatia Street, Bolton, Greater Manchester BL2 6AA3
£137.5K11/210.66 mi40, Skipton Street, Bolton, Greater Manchester BL2 2PR3
£135K03/210.66 mi7, Sidford Close, Bolton, Greater Manchester BL3 1RW3
£91K12/200.7 mi8, Richelieu Street, Bolton, Greater Manchester BL3 2AY3
£90K11/200.7 mi41, Melville Street, Bolton, Greater Manchester BL3 2BA3
£85K11/200.73 mi31, Melville Street, Bolton, Greater Manchester BL3 2BA3
£120K04/230.73 mi35, Melville Street, Bolton, Greater Manchester BL3 2BA3
£146K03/210.76 mi55, Bradford Road, Bolton, Greater Manchester BL3 2HE3
£128.5K03/230.77 mi5, Smedley Avenue, Bolton, Greater Manchester BL3 2DP3
£168K05/230.77 mi14, Smedley Avenue, Bolton, Greater Manchester BL3 2DP3
£160K11/220.78 mi67, Rossall Road, Bolton, Greater Manchester BL2 2QF3
£105K11/200.79 mi3, Tinsley Grove, Bolton, Greater Manchester BL2 2EZ3
£155.2K05/230.81 mi5, Dean Court, Bolton, Greater Manchester BL1 2SA3
£125K07/230.82 mi2, Kerry Grove, Bolton, Greater Manchester BL2 2QH3
£134K03/210.83 mi14, Westbourne Avenue, Bolton, Greater Manchester BL3 2JZ3
£232K11/210.83 mi59, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£185K10/200.83 miNorwood, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£145K06/230.83 mi178, Ainsworth Lane, Bolton, Greater Manchester BL2 2PY3
£195K02/210.83 mi3, Kearsley Drive, Bolton, Greater Manchester BL3 2PG3
£103.5K10/210.84 mi15, Littlebrooke Close, Bolton, Greater Manchester BL2 2GX3
£169.8K03/230.85 mi1, Downham Avenue, Bolton, Greater Manchester BL2 2TD3
£112K02/230.86 mi6, Sandhill Close, Bolton, Greater Manchester BL3 2UB3
£135K12/220.88 mi13, Cross Street, Bolton, Greater Manchester BL1 2SQ3

Local Rents

13 rents from £975/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,00003/240.01 miSharnford Close, Bolton, BL23
£1,30004/240.08 miBramcote Avenue, Bolton, BL2 1LF3
£1,10003/240.1 mi-3
£1,10003/240.1 mi-3
£1,30003/240.27 miThe Globe Works, Bolton, BL23
£1,25004/250.43 mi-3
£97511/240.44 mi-3
£1,35004/240.6 miIlkley Close, Bolton, BL23
£1,35004/240.6 mi-3
£3,00004/240.6 mi-3
£2,60005/240.6 mi-3
£2,70011/240.6 mi-3
£2,60004/250.6 mi-3

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

2.79 miles away

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Price changed to £180,000

December 20, 2024

Listed for £190,000

March 28, 2024

Floor Plans

Description

  • THREE BEDROOMED SEMI DETACHED HOME +
  • LOUNGE/DINER, FITTED KITCHEN +
  • GARDENS TO FRONT AND REAR +
  • DRIVEWAY PROVIDING OFF ROAD PARKING NO CHAIN +

Nestled away in a sought-after neighbourhood, this three bedroomed semi-detached house which does require some modernisation offers a perfect blend of comfort and convenience. Boasting three well-appointed bedrooms, this property is ideal for families or professionals seeking a spacious living environment. The bright and airy living spaces are complemented by a fitted kitchen. Outside, the property features a beautifull garden, to the front and rear providing a tranquil retreat from the hustle and bustle of everyday life. The off-street parking adds to the convenience of this property, making it a practical choice for those with vehicles. With its prime location and attractive features, this property is a wonderful opportunity to create a warm and welcoming home in a desirable area. Contact us today to arrange a viewing and make this delightful property your own.

Agent Details

Miller Metcalfe, Harwood

01202 145374

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪