5 Bed HMO, Bolton, BL1 4NE £340,000





ValuationUndervalued
| Sold Prices | £270K - £1.2M |
| Sold Prices/m² | £1.5K/m² - £4.8K/m² |
| |
Square Metres | ~202.06 m² |
| Price/m² | £1.7K/m² |
Value Estimate | £421,600£421,600 |
| BMV | 24% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £85,000£85,000 |
Stamp Duty & Legal Fees | £25,200£25,200 |
Total Cash In | £110,200£110,200 |
| |
Cash Out | |
Room Rate | £429£429 |
Gross Rent | £2,145 |
Running Costs/mo | £2,086£2,086 |
Cashflow/mo | £59£59 |
Cashflow/yr | £712£712 |
ROI | 1%1% |
Gross Yield | 8%8% |
Local Sold Prices
32 sold prices from £270K to £1.2M, average is £530K. £1.5K/m² to £4.8K/m², average is £2.9K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £280K | 03/25 | 0.14 mi | 14, Mornington Road, Bolton BL1 4EE | £1,905 | 147 | 5 | Terraced House | ||
| £530K | 06/23 | 0.2 mi | 21, Somerdale Avenue, Bolton, Greater Manchester BL1 5HS | £4,775 | 111 | 5 | Semi-Detached House | ||
| £475K | 06/25 | 0.25 mi | 23, Kinloch Drive, Bolton BL1 4LZ | - | - | 5 | Detached House | ||
| £600K | 09/23 | 0.29 mi | 54, Albert Road West, Bolton, Greater Manchester BL1 5HG | - | - | 5 | Semi-Detached House | ||
| £515K | 07/25 | 0.34 mi | 52, Albert Road West, Bolton BL1 5HG | - | - | 5 | Semi-Detached House | ||
| £590K | 09/23 | 0.34 mi | 14, Glentress Mews, Bolton, Greater Manchester BL1 5JS | - | - | 5 | Detached House | ||
| £485K | 04/23 | 0.37 mi | 62, New Hall Lane, Bolton, Greater Manchester BL1 5LG | - | - | 5 | Semi-Detached House | ||
| £581K | 07/23 | 0.4 mi | 38, Carlton Road, Bolton, Greater Manchester BL1 5HY | - | - | 5 | Semi-Detached House | ||
| £595K | 06/23 | 0.43 mi | 1a, Rydal Road, Bolton, Greater Manchester BL1 5LQ | - | - | 5 | Detached House | ||
| £735K | 03/25 | 0.44 mi | 184, Greenmount Lane, Bolton BL1 5JE | £4,106 | 179 | 5 | Detached House | ||
| £735K | 03/25 | 0.44 mi | 184, Greenmount Lane, Bolton BL1 5JE | - | - | 5 | Detached House | ||
| £600K | 05/21 | 0.52 mi | 3, Fern Clough, Bolton, Greater Manchester BL1 5DX | £2,586 | 232 | 5 | Detached House | ||
| £327K | 11/23 | 0.56 mi | 571, Chorley Old Road, Bolton, Greater Manchester BL1 6BL | £1,935 | 169 | 5 | Semi-Detached House | ||
| £530K | 04/25 | 0.57 mi | 80, Waterslea Drive, Bolton BL1 5FJ | £4,173 | 127 | 5 | Detached House | ||
| £530K | 04/25 | 0.57 mi | 80, Waterslea Drive, Bolton BL1 5FJ | - | - | 5 | Detached House | ||
| £575K | 07/23 | 0.57 mi | 12, Hill Side, Bolton, Greater Manchester BL1 5DT | - | - | 5 | Detached House | ||
| £1.2M | 12/22 | 0.58 mi | 382, Chorley New Road, Bolton, Greater Manchester BL1 5AD | £3,544 | 328 | 5 | Detached House | ||
| £270K | 07/21 | 0.6 mi | 1, Bank Wood, Bolton, Greater Manchester BL1 5DY | - | - | 5 | Detached House | ||
| £645K | 06/21 | 0.68 mi | 3, Oakley Park, Bolton, Greater Manchester BL1 5XL | - | - | 5 | Detached House | ||
| £425K | 06/21 | 0.8 mi | 22, Lingmell Close, Bolton, Greater Manchester BL1 5EG | - | - | 5 | Semi-Detached House | ||
| £565K | 12/24 | 0.85 mi | 169, Markland Hill Lane, Bolton BL1 5PB | £4,218 | 134 | 5 | Detached House | ||
| £475K | 03/25 | 0.89 mi | 64, Harpers Lane, Bolton BL1 6HR | £2,328 | 204 | 5 | Semi-Detached House | ||
| £475K | 03/25 | 0.89 mi | 64, Harpers Lane, Bolton BL1 6HR | - | - | 5 | Detached House | ||
| £900K | 03/25 | 0.91 mi | Kirkgate House, Markland Hill, Bolton BL1 5AL | £4,167 | 216 | 5 | Detached House | ||
| £900K | 03/25 | 0.91 mi | Kirkgate House, Markland Hill, Bolton BL1 5AL | - | - | 5 | Detached House | ||
| £380K | 11/21 | 0.92 mi | 12, Glendale Drive, Bolton, Greater Manchester BL3 4PD | £2,879 | 132 | 5 | Detached House | ||
| £330.5K | 01/25 | 0.92 mi | 22, Glendale Drive, Bolton, Greater Manchester BL3 4PD | £2,925 | 113 | 5 | Semi-Detached House | ||
| £500K | 05/25 | 0.92 mi | 6, Stockmar Grange, Bolton BL1 5GQ | £2,415 | 207 | 5 | Semi-Detached House | ||
| £500K | 05/25 | 0.92 mi | 6, Stockmar Grange, Bolton BL1 5GQ | - | - | 5 | Detached House | ||
| £450K | 09/23 | 0.93 mi | 8a, Verdure Avenue, Bolton, Greater Manchester BL1 5ER | £2,473 | 182 | 5 | Detached House | ||
| £900K | 12/22 | 0.95 mi | The Croft, Victoria Road, Bolton, Greater Manchester BL1 5AN | £3,191 | 282 | 5 | Detached House | ||
| £350K | 09/21 | 0.98 mi | 7, Kenmay Avenue, Bolton, Greater Manchester BL3 4NU | £1,477 | 237 | 5 | Detached House |
Local Area Statistics
Population in BL1 | 63,20663,206 |
Population in Bolton | 217,471217,471 |
Town centre distance | 1 miles away1 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 1.47 miles away1.47 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -4%-4% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +34%+34% |
Property History
Listed for £340,000
April 29, 2024
Sold for £237,000
2012
Floor Plans
Description
- 5 BEDROOM LICENSED HMO +
- CURRENTLY FULLY OCCUPIED +
- GENERATING £25,740 PER ANUM GROSS RENTAL INCOME +
- FULLY MANAGED BY HARRISONS +
- HMO Licence expires – 20th April 2025 +
- HMO Compliant Fire Alarm +
- IDEAL INVESTMENT +
- CALL TODAY AND ORGANISE YOUR VIEWING +
Welcome to Somerset Road HMO, this fully tenanted property is now coming to market. An excellent investment with strong capital growth, strong rental demand, this is not an investment to be missed.....
Room 1 - £425 Room 2 - £450 Room 3 - £425 Room 4 - £420 Room 5 - £450
Fully Managed Fees - 12% inc VAT Let Fees - 1 Months Rent Inc VAT
EPC: C COUNCIL TAX: C TENURE: FREEHOLD
PROPERTY LOCATION: Bolton School (0.1 MILES) Queens Park (0.7 MILES) Bolton Town Centre (1.5 MILES) Bolton Train Station (1.6 MILES) Morrisons (0.4 MILES)
PROPERTY DETAILS: GENERATING £25,740 PER ANUM GROSS RENTAL INCOME 5 BEDROOMS 2 BATHROOMS FULLY LICENSED FULL PROPERTY MANAGEMENT FULL FIRE ALARM SYSTEM WIFI
**HARRISONS EXPERIENCE THE DIFFERENCE** BOOK A VIEWING ONLINE / TELEPHONE / WHATSAPP FLEXIBLE VIEWING APPOINTMENTS AVAILABLE OPEN 6 DAYS A WEEK CONTACT OUR BRANCH FOR MORE DETAILS
Front Garden: Lawned front garden with hedges.
Entrance Porch: 1.68m x 1.84m Tiled flooring, cupboard and worktop units with shelving inside, gas meter.
Entrance Hallway: 5.13m x 1.8m Beech laminate flooring, ceiling spotlight, emergency lighting, wired smoke alarm, double panel radiator.
Lounge: 6.06m x 3.93m Beech laminate flooring, x2 two seater sofa's, coffee table, dining table with 4 chairs. Double panel radiator. Roller blinds on the front bay window, pendant light. Chrome lamp.
Kitchen: 3.54m x 4.1m Double fitted high gloss grey kitchen with laminate tiled affect flooring. Stainless steel sink, with chrome mix tap. Frosted double glazed unit with 2 openers. Ceilings spotlights. Splash back tiles in cream. Homark dish washer, double oven, 5 ring gas burner, stainless steel splash back, stainless steel extractor. Wine rack. x2 large fridges and freezers.
Hallway: 1.39m x 3.93m
Bedroom 1: 5.67m x 3.99m Large double bedroom, double panel radiator, feature fireplace, roller blind on the bay window, beech laminate flooring, wardrobes, side board, double bedroom and 2 side cabinets. Pendant light.
Utility Room: 1.96m x 2.64m Boiler in the Utility Room.
Downstairs Shower Room: 2.47m x 2.46m Solid wood flooring, sink pedestal, white tiled walls, fitted storage and shelving, x2 chrome heated towel radiator. x2 Frosted double glazed unit with opener, pendant light. Large double tiled shower with chrome power shower and glass shower screen.
Storage Cupboard: 1.0m x 1.31m
Landing: 5.0m x 2.09m Carpet on the staircase leading you to the landing. Double glazed fixed unit to the rear. Carpet flooring, single panel radiator, ceiling spotlights, emergency lighting and smoke alarm.
Bedroom 2: 4.15m x 2.99m Wood laminate flooring, double glazed fire escape opener, ceiling LED spotlights. Single panel radiator.
Bedroom 3: 5.53m x 3.8m Ceiling spotlights, double glazed bay window with sitting area, single panel radiator.
Bedroom 4: 5.6m x 3.52m Large bedroom, single panel radiator, double glazed bay window with roller blinds, ceiling pendant light with fan. Beech laminate flooring, double bedroom, side boards.
Bedroom 5: 3.82m x 2.95m Double bedroom, carpet flooring, fitted wardrobes and shelving, double glazed fire escape opener to the rear, LED ceiling spotlights.
Bathroom: 3.2m x 1.8m Modern bathroom, bath with glass shower screen, rain water shower head, heated towel rail. Fixed wall mirror. High glass fitted cupboards with shelving. White bidet with mixer tap, white WC, white sink with cupboard, Fully tiled walls and flooring. LED recess spotlights.
AML Disclaimer Please note it is a legal requirement that we require verified ID from purchasers before instructing a sale. Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors.
Agents Note We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.
IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
BUYERS INFORMATION To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Credas, which Harrisons Lettings and Management Ltd will send your AML check. There is a nominal charge of £30 including VAT for this (per person), payable direct to Harrisons Lettings and Management Ltd. Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Harrisons Lettings and Management Ltd.
Harrisons Lettings and Management are members of the property ombudsman redress scheme (membership no. T09665). All clients money is protected with Clients Money Protection (CMP). Harrisons Lettings and Management are members of ARLA PropertyMark (membership no. M00006602)
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