2 Bed Flat, Single Let, Bolton, BL6 6FY, £110,000

110,000 Abernethy Street, Horwich, Bolton BL6 - 2 views - a year ago

Leasehold

BTL

ROI: 4%

62 m²

+3 photos

ValuationFair Value

Sold Prices	£62K - £180K
Sold Prices/m²	£1.1K/m² - £3.5K/m²

Square Metres	61.66 m²
Price/m²	£1.8K/m²
Value Estimate	£110,391£110,391

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£27,500£27,500
Stamp Duty & Legal Fees	£4,500£4,500
Total Cash In	£32,000£32,000

Cash Out
Rent Range	£575 - £1,150£575 - £1,150
Rent Estimate	£591
Running Costs/mo	£482£482
Cashflow/mo	£109£109
Cashflow/yr	£1,309£1,309
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £62K to £180K, average is £110.5K. £1.1K/m² to £3.5K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£98K	09/22	0.08 mi	22, Dale Street West, Horwich, Bolton, Greater Manchester BL6 6JU	£1,690	58	2	Flat
£96K	11/20	0.1 mi	17, Napier Drive, Horwich, Bolton, Greater Manchester BL6 6FZ	£1,778	54	2	Flat
£83K	10/22	0.13 mi	5, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX	£1,545	54	2	Flat
£75K	05/23	0.13 mi	3, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX	£1,364	55	2	Flat
£73K	06/23	0.13 mi	12, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX	£1,420	51	2	Flat
£135K	06/22	0.26 mi	5, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS	£1,911	71	2	Flat
£62K	06/21	0.36 mi	16a, Ainsworth Avenue, Horwich, Bolton, Greater Manchester BL6 6LZ	£1,069	58	2	Flat
£120K	09/21	0.37 mi	57, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH	£1,846	65	2	Flat
£125K	10/22	0.37 mi	55, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH	£1,984	63	2	Flat
£132.5K	09/22	0.79 mi	129, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG	£2,137	62	2	Flat
£111K	06/21	0.82 mi	137, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG	£1,790	62	2	Flat
£85K	09/22	0.85 mi	63, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT	£1,604	53	2	Flat
£76.5K	12/20	0.85 mi	43, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT	£1,530	50	2	Flat
£89K	03/24	0.85 mi	35, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT	£1,679	53	2	Flat
£76K	04/21	0.85 mi	51, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT	£1,490	51	2	Flat
£84K	07/21	0.85 mi	50, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT	£1,647	51	2	Flat
£132.5K	10/22	0.87 mi	35, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN	£1,920	69	2	Flat
£161K	01/23	0.87 mi	23, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN	£2,333	69	2	Flat
£135K	12/23	0.87 mi	16, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN	£3,462	39	2	Flat
£110K	07/22	0.87 mi	22, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN	£2,282	48	2	Flat
£140K	02/23	0.87 mi	36, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN	£2,414	58	2	Flat
£175K	09/23	0.91 mi	1, Bentley Brook Close, Horwich, Bolton, Greater Manchester BL6 6TR	£2,397	73	2	Flat
£180K	04/21	0.92 mi	38, Wallsuches, Horwich, Bolton, Greater Manchester BL6 6TT	£3,041	59	2	Flat
£116.3K	05/22	0.97 mi	111, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG	£1,762	66	2	Flat

Local Rents

18 rents from £575/mo to £1.1K/mo, average is £838/mo.

Rent	Date	Distance	Address	Beds	Type
£850	01/25	0.01 mi	-	2	Flat
£750	12/24	0.03 mi	-	2	Terraced House
£800	12/24	0.08 mi	-	2	Terraced House
£825	03/25	0.09 mi	-	2	Terraced House
£725	12/24	0.09 mi	Napier Drive, Horwich	2	Flat
£800	02/25	0.25 mi	-	2	Terraced House
£800	12/24	0.27 mi	-	2	Semi-Detached House
£850	04/25	0.27 mi	-	2	Semi-Detached House
£995	01/25	0.35 mi	-	2	Semi-Detached House
£900	12/24	0.35 mi	Springburn Close, Horwich, Bolton, BL6 6SR	2	Terraced House
£949	04/25	0.36 mi	-	2	Flat
£1,150	12/24	0.4 mi	Swallowfields, Chorley New Road, Horwich, Bolton, BL6 6HN	2	Flat
£1,150	12/24	0.4 mi	Swallowfields, Chorley New Road, Horwich, Bolton, BL6 6HN	2	Flat
£850	02/25	0.4 mi	-	2	Terraced House
£750	12/24	0.43 mi	Watt Street, Bolton, BL6	2	Terraced House
£675	01/25	0.44 mi	-	2	Terraced House
£895	02/25	0.46 mi	-	2	Terraced House
£575	12/24	0.47 mi	Chorley New Road, Horwich	2	Flat

Local Area Statistics

Population in BL6	29,34529,345
Population in Bolton	217,471217,471
Town centre distance	2.44 miles away2.44 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.89 miles away0.89 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-28%-28%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+42%+42%

Property History

Listed for £110,000

May 7, 2024

Floor Plans

Description

VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
Top Floor Purpose Built Self Contained Apartment +
Two Good Size Bedrooms, Bathroom and En Suite +
Open Plan Living / Dining / Kitchen +
Allocated Parking and Close to Local Amenities and School +

Great location close to lots of local amenities, but route and a school is this purpose built self contained top floor apartment which has very well sized accommodation.

In brief the property comprises of hall, open plan living arrangement with lounge, kitchen and dining space, master bedroom with en suite, second good size bedroom and separate bathroom.

Externally there is allocated parking and communal spaces.
Leasehold information: Terms: 999 years from 1st January 2006
Current Ground Rent: £120 PER ANNUM
Current Maintenance/Service Charges: £917 PER ANNUM
Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Chorley & South Ribble

01257 444415

Next Steps?

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