2 Bed Semi-Detached House, Refurb/BRRR, Westhoughton, BL5 3PP, £250,000

16 Church Lane, Bolton, Greater Manchester, BL5 3PP - 3 views - 7 months ago

Leasehold
Refurb/BRRR
~68 m²
+19 photos

ValuationOvervalued

Sold Prices£55K - £302K
Sold Prices/m²£821/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£124,991

 

 

End Value (After Refurb)

£238,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£28,709

Bridging Loan Interest

£6,563

Total Cash In

£108,222

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,750

Mortgage (After Refinance)

£179,063

Mortgage LTV

75%

Cash Left In

£108,222

Equity

£59,688

Rent Range

£485 - £925

Rent Estimate

£722

Running Costs/mo

£910

Cashflow/mo

£-188

Cashflow/yr

£-2,262

Gross Yield

3%

Local Sold Prices

50 sold prices from £55K to £302K, average is £140K. £821/m² to £3.9K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£145K05/230.07 mi26, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3PR2
£302K04/210.11 mi72a, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3PL2
£85K03/210.14 mi1, Wingates Lane, Westhoughton, Bolton, Greater Manchester BL5 3LP2
£120K11/220.14 mi3, Wingates Lane, Westhoughton, Bolton, Greater Manchester BL5 3LP2
£145K01/230.15 mi17, Dixon Street, Westhoughton, Bolton, Greater Manchester BL5 3PX2
£150K11/220.18 mi12, Aireworth Street, Westhoughton, Bolton, Greater Manchester BL5 3PY2
£157.5K02/230.19 mi3, Croft Street, Westhoughton, Bolton, Greater Manchester BL5 3QB2
£98K04/210.21 mi9, Albion Street, Westhoughton, Bolton, Greater Manchester BL5 3PZ2
£100K12/200.21 mi3, Albion Street, Westhoughton, Bolton, Greater Manchester BL5 3PZ2
£113K06/210.21 mi145, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3PJ2
£126K11/200.23 mi16, Greensmith Way, Westhoughton, Bolton, Greater Manchester BL5 3BR2
£107K12/220.23 mi47, Greensmith Way, Westhoughton, Bolton, Greater Manchester BL5 3BR2
£175K12/220.23 mi61, Greensmith Way, Westhoughton, Bolton, Greater Manchester BL5 3BR2
£128K11/200.25 mi332, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3QQ2
£87.5K02/210.25 mi302, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3QQ2
£139K07/210.32 mi1, Part Street, Westhoughton, Bolton, Greater Manchester BL5 3QN2
£125K04/210.37 mi121, Manchester Road, Westhoughton, Bolton, Greater Manchester BL5 3LJ2
£133K01/210.49 mi39, Glazebury Drive, Westhoughton, Bolton, Greater Manchester BL5 3JB2
£55K05/210.5 mi20, Wesley Street, Westhoughton, Bolton, Greater Manchester BL5 3ST2
£177K03/210.53 mi11, Moss Meadow, Westhoughton, Bolton, Greater Manchester BL5 3NX2
£110K10/210.54 mi2a, Peel Street, Westhoughton, Bolton, Greater Manchester BL5 3SP2
£160K03/230.55 mi212, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3SX2
£125K02/210.55 mi188, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3SX2
£172.5K02/210.56 mi296, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3NS2
£105K12/200.56 mi192, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3SX2
£141K10/210.56 mi135, Church Street, Westhoughton, Bolton, Greater Manchester BL5 3SW2
£203K03/230.56 mi268, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3NS2
£160.4K06/230.56 mi286, Chorley Road, Westhoughton, Bolton, Greater Manchester BL5 3NS2
£161K11/210.58 mi71, Madison Park, Westhoughton, Bolton, Greater Manchester BL5 3WA2
£155K05/230.58 mi23, Madison Park, Westhoughton, Bolton, Greater Manchester BL5 3WA2
£142.5K05/210.61 mi28, Collingwood Way, Westhoughton, Bolton, Greater Manchester BL5 3TS2
£290K12/200.61 mi38, Cherwell Road, Westhoughton, Bolton, Greater Manchester BL5 3TX2
£180K06/230.62 mi23, Wharfedale, Westhoughton, Bolton, Greater Manchester BL5 3DP2
£160K02/210.63 mi7, Cherwell Road, Westhoughton, Bolton, Greater Manchester BL5 3EY2
£220K10/230.64 mi31, Corner Brook, Lostock, Bolton, Greater Manchester BL6 4GX2
£162.5K10/210.64 mi31, Corner Brook, Lostock, Bolton, Greater Manchester BL6 4GX2
£165K11/220.66 mi5, Henry Street, Westhoughton, Bolton, Greater Manchester BL5 3SQ2
£148K01/210.66 mi70, Collingwood Way, Westhoughton, Bolton, Greater Manchester BL5 3TT2
£120K03/210.67 mi73, Central Drive, Westhoughton, Bolton, Greater Manchester BL5 3DU2
£110K03/210.67 mi6, Winward Street, Westhoughton, Bolton, Greater Manchester BL5 3SG2
£194K02/230.68 mi1, Balfern Fold, Westhoughton, Bolton, Greater Manchester BL5 3SJ2
£119K01/210.69 mi10, Jutland Grove, Westhoughton, Bolton, Greater Manchester BL5 3TA2
£129K07/230.69 mi5, Jutland Grove, Westhoughton, Bolton, Greater Manchester BL5 3TA2
£145.5K04/230.69 mi10, Netherwood Way, Westhoughton, Bolton, Greater Manchester BL5 3ZG2
£120K04/210.7 mi29, Grundy Street, Westhoughton, Bolton, Greater Manchester BL5 3SB2
£147K12/200.71 mi34, Chew Moor Lane, Lostock, Bolton, Greater Manchester BL6 4HH2
£127K12/200.72 mi6, Gladstone Street, Westhoughton, Bolton, Greater Manchester BL5 3SH2
£107K10/200.72 mi7, Gladstone Street, Westhoughton, Bolton, Greater Manchester BL5 3SH2
£89.5K12/210.74 mi2, Gerrard Street, Westhoughton, Bolton, Greater Manchester BL5 3TH2
£114.3K02/210.74 mi6, Gerrard Street, Westhoughton, Bolton, Greater Manchester BL5 3TH2

Local Rents

19 rents from £485/mo to £925/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72512/240.08 miSt Johns Court, Chorley Road, Westhoughton, Bolton, BL52
£70012/240.1 miChorley Road, Westhoughton, BL52
£70012/240.1 mi-2
£85001/250.16 mi-2
£85012/240.25 mi-2
£48512/240.46 miFor people aged 50 and over: The Mortons, Bolton, Greater Manchester, BL52
£51112/240.46 miFor people aged 50 and over: The Mortons, Bolton, Greater Manchester, BL52
£67512/240.56 miThe Loft, Church Street, Westhoughton, Bolton, BL5 3SX2
£90012/240.67 mi-2
£87502/250.7 mi-2
£79512/240.71 mi73 Church Street, Westhoughton, Bolton, BL5 3RZ2
£65012/240.72 miChurch Street, Westhoughton2
£79512/240.72 miGladstone Street, Westhoughton, Bolton2
£85012/240.76 mi-2
£72512/240.92 mi Lostock Court, Lostock Lane, Bolton, Lancashire. 2
£92502/250.95 mi-2
£70012/240.95 miPavilion Gardens, Westhoughton2
£72512/241.03 mi1 Alden Court, Albany Fold, Westhoughton, Bolton2
£90012/241.11 miGrove Cottages, Westoughton, Bolton2

Local Area Statistics

Population in BL5

27,064

Town centre distance

0.59 miles away

Nearest school

0.30 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Sales demand

Buyer's market

Capital growth (5yrs)

+31%

Property History

Listed for £250,000

August 30, 2024

Sold for £45,000

2000

Floor Plans

Description

  • Two Car Driveway +
  • Two Bedroom +
  • Semi-Detached +
  • Popular Residential Location +
  • Garden Room +
  • Guest WC +
  • 120ft Rear Garden +
  • Potential Outside Office Space +
  • Easy Commuting Access and Transportation Links +
  • Stunning Views over Saint Johns Church +

Nestled in a popular residential location, this stunning 2-bedroom semi-detached house offers a blend of contemporary comfort and traditional charm. Upon arrival, you are greeted by a spacious driveway providing parking for two cars, leading you to the entrance of this immaculately finished property. The ground floor welcomes you with a stylishly designed guest WC and a garden room, perfect for entertaining or relaxing in a serene setting. The attention to detail continues as you explore the 120ft rear garden, boasting lush greenery, well-stocked flower beds, a small pond with a circulating water pump, and an array of wildlife, offering a peaceful retreat for all seasons. The garden also features three timber outbuildings, one equipped with a concrete and brick foundation, water, power, and lighting, ideal for use as a home office, enhancing the property's functionality and versatility. The expansive rear garden provides ample space and privacy, making it an ideal spot for those seeking tranquillity and seclusion.

Additionally, this property boasts stunning views over Saint Johns Church, adding a touch of tranquillity and charm to the already picturesque landscape. With convenient access to easy commuting routes and transportation links, this home seamlessly combines modern features with a peaceful and private setting, creating a haven for its residents. Inside, the property offers two well-appointed bedrooms, ensuring comfortable living spaces for individuals or small families. Whether you envision hosting gatherings in the garden room or working from the potential outside office space, this property offers a luxurious and practical lifestyle that caters to all your needs. With its modern amenities, extensive renovations, and thoughtful design, this semi-detached house exemplifies contemporary living at its finest.

Outside, the property continues to impress with its flagged driveway to the front, providing additional parking and a beautiful welcome for guests. Bordered by mature trees, shrubs, and flowers, the exterior of the house complements the natural surroundings, creating a harmonious blend of urban convenience and natural beauty. The meticulously maintained front garden sets the tone for the property, offering kerb appeal and a sense of privacy. With its combination of practical features, tranquil spaces, and stunning views, this property stands out as a true gem in a sought-after location, promising a lifestyle of comfort, luxury, and serenity.
EPC Rating: D

Agent Details

Movuno, Lostock

01204 654525

Next Steps?

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