6 Bed HMO, Kearsley, BL4 7RZ, £270,000

Darley Grove, Farnworth, Bolton, BL4 7RZ - 8 months ago

Under Offer
HMO
ROI: 16%
~186 m²
+38 photos

ValuationUndervalued

Sold Prices£130K - £360K
Sold Prices/m²£884/m² - £3K/m²

 

 

Square Metres

~186 m²
Price/m²£1.5K/m²

Value Estimate

£313,966
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£18,200

Total Cash In

£85,700

 

 

Cash Out

 

Room Rate

£563

Gross Rent

£3,378

Running Costs/mo

£2,201

Cashflow/mo

£1,177

Cashflow/yr

£14,121

ROI

16%

Gross Yield

15%

Local Sold Prices

5 sold prices from £130K to £360K, average is £270.9K. £884/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£347K08/221.07 mi58, Brindley Close, Farnworth, Bolton, Greater Manchester BL4 0AG6
£270.9K11/211.08 mi77, Holcombe Crescent, Kearsley, Bolton, Greater Manchester BL4 8JX6
£130K10/202.14 mi10, Bradbourne Close, Bolton, Greater Manchester BL3 6YL6
£360K09/232.14 mi67, Old Clough Lane, Worsley, Manchester, Greater Manchester M28 3EG6
£185K03/232.72 mi107 - 109, Church Avenue, Bolton, Greater Manchester BL3 4AW6

Local Area Statistics

Population in BL4

33,664

Town centre distance

1.14 miles away

Nearest school

0.20 miles away

Nearest train station

0.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+61%

Property History

Price changed to £270,000

March 8, 2025

Listed for £290,000

August 23, 2024

Floor Plans

Description

  • 6 BEDROOMS +
  • A BEAUTIFULLY PRESENTED SEMI IN A POPULAR LOCATION +
  • HUGE PLOT +
  • ANNEX +
  • POTENTIAL RENTAL INCOME +
  • POTENTIAL TO BE HMO +

*ONE OF A KIND! 6 BEDROOM SEMI. 3 BATHROOMS. 3 RECEPTION ROOMS. HMO POSSIBLE STP. POPULAR LOCATION. LARGE GATED PLOT**

This most unusual property offers amazing potential and could be transformed into something truly special. Currently split into two separate dwellings the property offers scope to turn into one huge dwelling, to live in one and rent the other, use an an annex or even to convert into flats or HMO subject to planning etc.

In brief the property comprises : Building 1. Entrance hallway, lounge, sitting/dining room, kitchen, utility room/ W/C. First floor with 3 bedrooms (master En suite), large family bathroom. The second floor reached via a second staircase unlocks a huge attic bedroom 4.

Building 2 comprises: Lounge, modern dining kitchen, 2 bedrooms, bathroom.

Externally the property stands on a large plot with block paved gardens and driveway to the front. To the rear the gated entrance gives access to the large rear garden along with patio and large brick-built store which offers vast potential.

The very popular location gives access to both the motorway and rail network which are north just a 2-minute drive away.

Council Tax Band: D (Bolton Council)
Tenure: Freehold

Agent Details

Eric Clarke, Bolton

01204 326954

Next Steps?

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