3 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL6 7LU, £200,000

Fearnhead Avenue, Horwich, Bolton, Greater Manchester, BL6 7LU - 9 months ago

Sold STC
Leasehold
Refurb/BRRR
~130 m²
+11 photos

ValuationFair Value

Sold Prices£105K - £335K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~130.30 m²
Price/m²£1.5K/m²

Value Estimate

£202,000

 

 

End Value (After Refurb)

£316,308

Uplift in Value

+58%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£55,150

Bridging Loan Interest

£5,250

Total Cash In

£124,850

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£316,308

Agent Fees (1%)

£3,163

Bridging Loan

£150,000

Bridging Loan Interest

£5,250

Flip Profit

£38,295

Local Sold Prices

50 sold prices from £105K to £335K, average is £175K. £1.4K/m² to £3.5K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£142K11/200.02 mi46, Green Lane, Horwich, Bolton, Greater Manchester BL6 7LZ3
£155K08/230.02 mi44, Green Lane, Horwich, Bolton, Greater Manchester BL6 7LZ3
£138K11/200.04 mi40, Green Lane, Horwich, Bolton, Greater Manchester BL6 7NA3
£271K01/210.07 mi22, Malvern Close, Horwich, Bolton, Greater Manchester BL6 7LY3
£140K08/230.07 mi30, Ormston Avenue, Horwich, Bolton, Greater Manchester BL6 7EA3
£167K11/230.07 mi12, Ormston Avenue, Horwich, Bolton, Greater Manchester BL6 7EA3
£184K03/230.08 mi5, Chiltern Close, Horwich, Bolton, Greater Manchester BL6 7NN3
£245K03/230.08 mi34, Pennine Road, Horwich, Bolton, Greater Manchester BL6 7NJ3
£161K01/210.08 mi22, Pennine Road, Horwich, Bolton, Greater Manchester BL6 7NJ3
£180K11/200.09 mi57, Old Lords Crescent, Horwich, Bolton, Greater Manchester BL6 7LS3
£170K04/210.1 mi4, Fearnhead Avenue, Horwich, Bolton, Greater Manchester BL6 7LJ3
£195K12/220.1 mi26, Ormston Avenue, Horwich, Bolton, Greater Manchester BL6 7EA3
£167.5K02/210.11 mi16, Pendle Drive, Horwich, Bolton, Greater Manchester BL6 7HP3
£235K11/220.14 mi5, Cotswold Drive, Horwich, Bolton, Greater Manchester BL6 7DE3
£155K03/210.16 mi8, Singleton Avenue, Horwich, Bolton, Greater Manchester BL6 7DX3
£177K03/210.16 mi45, Pennine Road, Horwich, Bolton, Greater Manchester BL6 7HR3
£175K10/210.16 mi61, Pennine Road, Horwich, Bolton, Greater Manchester BL6 7HR3
£172.5K11/200.16 mi57, Pennine Road, Horwich, Bolton, Greater Manchester BL6 7HR3
£285K12/200.17 mi53, Cotswold Drive, Horwich, Bolton, Greater Manchester BL6 7DE3
£310K11/220.17 mi104, Green Lane, Horwich, Bolton, Greater Manchester BL6 7RL3
£135K03/230.18 mi14, Castle Crescent, Horwich, Bolton, Greater Manchester BL6 7DT3
£205K10/210.2 mi17, Cheviot Close, Horwich, Bolton, Greater Manchester BL6 7DF3
£205K05/230.2 mi7, Cheviot Close, Horwich, Bolton, Greater Manchester BL6 7DF3
£175K12/220.22 mi11, Hope Street North, Horwich, Bolton, Greater Manchester BL6 7LL3
£251K08/210.22 mi13, Whitehorse Close, Horwich, Bolton, Greater Manchester BL6 7DQ3
£235K08/210.22 mi5, Whitehorse Close, Horwich, Bolton, Greater Manchester BL6 7DQ3
£230K01/210.22 mi6, Whitehorse Close, Horwich, Bolton, Greater Manchester BL6 7DQ3
£163K11/230.22 mi35, Hope Street North, Horwich, Bolton, Greater Manchester BL6 7LL3
£169.5K02/230.22 mi76, Ormston Avenue, Horwich, Bolton, Greater Manchester BL6 7ED3
£105K03/230.22 mi65, Singleton Avenue, Horwich, Bolton, Greater Manchester BL6 7DU3
£200K09/230.24 mi5, Snowdon Drive, Horwich, Bolton, Greater Manchester BL6 7DG3
£188.5K01/210.25 mi4, Carr Road, Horwich, Bolton, Greater Manchester BL6 7LP3
£335K06/210.25 mi30, Lever Park Avenue, Horwich, Bolton, Greater Manchester BL6 7LG3
£210K09/210.26 mi21, Douglas Avenue, Horwich, Bolton, Greater Manchester BL6 7EE3
£310K12/220.27 mi22, Snowdon Drive, Horwich, Bolton, Greater Manchester BL6 7DG3
£202K10/210.27 mi10, Ardley Road, Horwich, Bolton, Greater Manchester BL6 7EG3
£165K03/210.27 mi3, Ardley Road, Horwich, Bolton, Greater Manchester BL6 7EG3
£206.3K01/230.27 mi2, Ardley Road, Horwich, Bolton, Greater Manchester BL6 7EG3
£145K05/210.28 mi12, Darley Street, Horwich, Bolton, Greater Manchester BL6 7LB3
£155K10/200.28 mi2, Darley Street, Horwich, Bolton, Greater Manchester BL6 7LB3
£131K09/230.28 mi7, Darley Street, Horwich, Bolton, Greater Manchester BL6 7LB3
£185K11/230.28 mi4, Douglas Close, Horwich, Bolton, Greater Manchester BL6 7EF3
£157K01/210.28 mi14, Douglas Close, Horwich, Bolton, Greater Manchester BL6 7EF3
£220K12/220.29 mi27, Douglas Avenue, Horwich, Bolton, Greater Manchester BL6 7EE3
£125K06/210.29 mi57, Catherine Street East, Horwich, Bolton, Greater Manchester BL6 7JZ3
£140K07/210.29 mi39, Catherine Street East, Horwich, Bolton, Greater Manchester BL6 7JZ3
£132.5K12/220.3 mi27, Pioneer Street, Horwich, Bolton, Greater Manchester BL6 7DP3
£143K11/220.3 mi20, Pioneer Street, Horwich, Bolton, Greater Manchester BL6 7DP3
£146K11/200.31 mi81, Brownlow Road, Horwich, Bolton, Greater Manchester BL6 7DR3
£185K03/210.31 mi70, Brownlow Road, Horwich, Bolton, Greater Manchester BL6 7DR3

Local Rents

11 rents from £875/mo to £2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95012/240.16 mi-3
£1,10003/240.65 mi-3
£1,29502/250.66 mi-3
£90012/240.76 miCrown Lane, Horwich3
£95004/250.76 mi-3
£87502/240.78 mi-3
£92504/250.81 mi-3
£1,30012/240.83 mi-3
£2,00012/240.95 mi-3
£90003/250.95 mi-3
£1,00012/241.24 miNapier Drive, Horwich3

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

3.05 miles away

Nearest school

0.30 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Price changed to £200,000

February 8, 2025

Listed for £205,000

July 16, 2024

Floor Plans

Description

CORNER PLOT, THREE BEDROOMS, GARAGE, FANTASTIC FAMILY HOME, MODERNISATION REQUIRED

Welcome to Fearnhead Avenue, situated on a corner plot this three bedroom semi-detached home must be viewed to appreciate the potential on offer with this property. In need of modernisation, this property is ready for the buyer to put their own stamp and create their perfect home.

Located within walking distance to Rivington & Blackrod High School, all the amenities on Lee Lane and perfect for walks into Rivington. The M61 no more than 10 minutes away and handy for Middlebrook Retail Park.

In brief the property comprises, entrance hall with stairs to the first floor, access into the lounge, kitchen diner with handy pantry cupboard and inner hall leading to the downstairs w/c and access into the utility, storage cupboard and conservatory.
Rising to the first floor there are three good sized bedrooms and wet room.

The property is located on a generous plot with gardens to three sides, a gated block paved driveway provides off road parking leading to a detached garage. The rear of the garden is paved and fully enclosed with fenced boarders.

Agent Details

Miller Metcalfe, Bolton

01204 958263

Next Steps?

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