3 Bed Terraced House, Single Let, Bolton, BL3 2BA, £140,000

32 Melville Street, Bolton, Greater Manchester, BL3 2BA - 10 views - 10 months ago

Leasehold

BTL

ROI: 8%

77 m²

+6 photos

ValuationUndervalued

Sold Prices	£50K - £390K
Sold Prices/m²	£904/m² - £2.9K/m²

Square Metres	77 m²
Price/m²	£1.8K/m²
Value Estimate	£149,988£149,988
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£35,000£35,000
Stamp Duty & Legal Fees	£5,400£5,400
Total Cash In	£40,400£40,400

Cash Out
Rent Range	£900 - £1,350£900 - £1,350
Rent Estimate	£895
Running Costs/mo	£637£637
Cashflow/mo	£259£259
Cashflow/yr	£3,102£3,102
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £50K to £390K, average is £156.3K. £904/m² to £2.9K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£85K	11/20	0 mi	31, Melville Street, Bolton, Greater Manchester BL3 2BA	£1,037	82	3	Terraced House
£120K	04/23	0 mi	35, Melville Street, Bolton, Greater Manchester BL3 2BA	-	-	3	Terraced House
£90K	11/20	0.02 mi	41, Melville Street, Bolton, Greater Manchester BL3 2BA	£1,233	73	3	Terraced House
£128.5K	03/23	0.05 mi	5, Smedley Avenue, Bolton, Greater Manchester BL3 2DP	£1,890	68	3	Semi-Detached House
£168K	05/23	0.05 mi	14, Smedley Avenue, Bolton, Greater Manchester BL3 2DP	£2,471	68	3	Semi-Detached House
£91K	12/20	0.08 mi	8, Richelieu Street, Bolton, Greater Manchester BL3 2AY	£1,230	74	3	Terraced House
£146K	03/21	0.1 mi	55, Bradford Road, Bolton, Greater Manchester BL3 2HE	-	-	3	Terraced House
£185K	01/21	0.18 mi	11, Lynsted Avenue, Bolton, Greater Manchester BL3 2DZ	£2,229	83	3	Semi-Detached House
£134K	03/21	0.18 mi	14, Westbourne Avenue, Bolton, Greater Manchester BL3 2JZ	£1,887	71	3	Semi-Detached House
£105K	04/21	0.18 mi	67, Crescent Road, Bolton, Greater Manchester BL3 2JP	-	-	3	Terraced House
£125K	07/23	0.18 mi	7, Crescent Road, Bolton, Greater Manchester BL3 2JP	-	-	3	Terraced House
£177K	03/21	0.19 mi	24, Walker Avenue, Bolton, Greater Manchester BL3 2DU	-	-	3	Semi-Detached House
£177K	03/21	0.19 mi	24, Walker Avenue, Bolton, Greater Manchester BL3 2DU	-	-	3	Semi-Detached House
£160K	04/21	0.2 mi	48, Walker Avenue, Bolton, Greater Manchester BL3 2DY	£1,928	83	3	Semi-Detached House
£146K	08/21	0.2 mi	17, The Sheddings, Bolton, Greater Manchester BL3 2JN	£2,056	71	3	Semi-Detached House
£230K	09/22	0.23 mi	34, Walker Avenue, Bolton, Greater Manchester BL3 2DY	-	-	3	Detached House
£130K	12/20	0.24 mi	17, Hampton Road, Bolton, Greater Manchester BL3 2DX	£1,461	89	3	Semi-Detached House
£220K	01/23	0.25 mi	16, Southbrook Grove, Bolton, Greater Manchester BL3 2DN	£2,895	76	3	Detached House
£175K	05/21	0.26 mi	207, Green Lane, Bolton, Greater Manchester BL3 2ER	-	-	3	Detached House
£190K	06/23	0.27 mi	27, Lowther Street, Bolton, Greater Manchester BL3 2HP	-	-	3	Semi-Detached House
£50K	02/21	0.27 mi	7, Lowther Street, Bolton, Greater Manchester BL3 2HP	-	-	3	Terraced House
£220K	05/21	0.27 mi	183, Green Lane, Bolton, Greater Manchester BL3 2EE	£2,163	102	3	Semi-Detached House
£125K	11/20	0.31 mi	40, Leverhulme Avenue, Bolton, Greater Manchester BL3 2LA	£1,276	98	3	Semi-Detached House
£80K	07/21	0.32 mi	25, Luton Street, Bolton, Greater Manchester BL3 2QU	£988	81	3	Terraced House
£152.5K	10/20	0.33 mi	7, Brook Hey Avenue, Bolton, Greater Manchester BL3 2EQ	£1,753	87	3	Semi-Detached House
£164K	12/20	0.33 mi	40, Brook Hey Avenue, Bolton, Greater Manchester BL3 2EQ	£2,000	82	3	Semi-Detached House
£178K	06/21	0.33 mi	35, Brook Hey Avenue, Bolton, Greater Manchester BL3 2EQ	£2,130	84	3	Semi-Detached House
£112K	02/23	0.33 mi	6, Sandhill Close, Bolton, Greater Manchester BL3 2UB	£1,366	82	3	Terraced House
£121K	04/21	0.36 mi	26, Lakeside Avenue, Bolton, Greater Manchester BL3 2HY	£1,302	93	3	Semi-Detached House
£255K	05/21	0.36 mi	63, Lakeside Avenue, Bolton, Greater Manchester BL3 2HY	£2,143	119	3	Semi-Detached House
£200K	12/20	0.39 mi	47, Lowther Street, Bolton, Greater Manchester BL3 2HZ	£2,273	88	3	Semi-Detached House
£75K	01/21	0.39 mi	90, Pennington Road, Bolton, Greater Manchester BL3 3BR	£904	83	3	Terraced House
£82K	04/23	0.4 mi	262, Crescent Road, Bolton, Greater Manchester BL3 2LZ	£1,093	75	3	Terraced House
£145K	09/21	0.41 mi	18, Charlesworth Avenue, Bolton, Greater Manchester BL3 2LH	£1,559	93	3	Terraced House
£145K	06/21	0.45 mi	351, Crescent Road, Bolton, Greater Manchester BL3 2NA	-	-	3	Semi-Detached House
£185K	11/20	0.45 mi	7, Bishops Close, Bolton, Greater Manchester BL3 2JF	£1,968	94	3	Semi-Detached House
£95K	03/21	0.45 mi	16, Milford Road, Bolton, Greater Manchester BL3 3DH	-	-	3	Terraced House
£265K	06/21	0.46 mi	10, Broad Oak Road, Bolton, Greater Manchester BL3 2JA	-	-	3	Detached House
£190.5K	03/23	0.46 mi	6, Broad Oak Road, Bolton, Greater Manchester BL3 2JA	-	-	3	Semi-Detached House
£207K	06/23	0.46 mi	222, Bradford Road, Bolton, Greater Manchester BL3 2HT	£2,407	86	3	Semi-Detached House
£150K	03/23	0.48 mi	37a, Lever Edge Lane, Bolton, Greater Manchester BL3 3HU	-	-	3	Terraced House
£195K	02/21	0.49 mi	3, Kearsley Drive, Bolton, Greater Manchester BL3 2PG	£2,416	81	3	Semi-Detached House
£188K	03/21	0.53 mi	39, Waters Edge, Farnworth, Bolton, Greater Manchester BL4 0NL	£2,212	85	3	Detached House
£192K	12/22	0.54 mi	3, Glenmore Avenue, Farnworth, Bolton, Greater Manchester BL4 0JB	-	-	3	Semi-Detached House
£180K	06/23	0.54 mi	13, Sevenoaks Drive, Bolton, Greater Manchester BL3 3ED	-	-	3	Semi-Detached House
£180K	07/21	0.54 mi	26, Glenmore Avenue, Farnworth, Bolton, Greater Manchester BL4 0JB	£2,338	77	3	Semi-Detached House
£130K	08/21	0.55 mi	237, Settle Street, Bolton, Greater Manchester BL3 3DN	-	-	3	Terraced House
£390K	11/22	0.57 mi	12, Greenland Road, Farnworth, Bolton, Greater Manchester BL4 0HU	£2,484	157	3	Detached House
£140K	11/20	0.58 mi	381, Crescent Road, Bolton, Greater Manchester BL3 2LT	£1,707	82	3	Semi-Detached House
£164K	01/21	0.58 mi	385, Crescent Road, Bolton, Greater Manchester BL3 2LT	£2,025	81	3	Semi-Detached House

Local Rents

13 rents from £900/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,125	12/24	0.08 mi	-	3	Terraced House
£1,250	12/24	0.09 mi	-	3	Terraced House
£950	12/23	0.14 mi	-	3	Terraced House
£900	12/24	0.15 mi	-	3	Terraced House
£900	10/24	0.19 mi	-	3	Semi-Detached House
£900	10/24	0.19 mi	-	3	Semi-Detached House
£1,100	03/25	0.22 mi	-	3	Terraced House
£1,100	02/25	0.24 mi	-	3	Semi-Detached House
£1,125	12/24	0.26 mi	Beehive Mill, Bolton, BL3	3	Terraced House
£1,100	12/24	0.28 mi	Beehive Mill, Bolton, BL3	3	Terraced House
£1,000	08/24	0.46 mi	-	3	Terraced House
£1,200	03/25	0.57 mi	-	3	Detached House
£1,350	02/25	0.58 mi	-	3	Semi-Detached House

Local Area Statistics

Population in BL3	63,78563,785
Population in Bolton	217,471217,471
Town centre distance	2.92 miles away2.92 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.67 miles away0.67 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+0%+0%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £140,000

June 21, 2024

Sold for £79,000

2006

Floor Plans

Description

Garden fronted +
Lounge and kitchen diner +
Three bedrooms +
Three piece family bathroom +
Gas C.H and double glazed +
Close to local amenities +
Enclosed rear yard +
Viewings recommended +

Melville Street is situated within a popular area of Great Lever, being close to amenities and within a short drive of the Royal Bolton Hospital and St Peters Way. Internally the property comprises a vestibule leading into the lounge and kitchen/diner to the ground floor with three bedrooms and three piece bathroom suite to the first floor. Externally there is gated access to a garden with flower beds at the front and to the rear there is a flagged enclosed rear yard with space for a shed and double wooden doors leading to the rear.