3 Bed Flat, Refurb/BRRR, Bolton, BL2 2HD, £180,000

1 Scowcroft Street, Tonge Moor, BL2 2HD - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 8%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£70K - £315K
Sold Prices/m²£460/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£180,000

 

 

End Value (After Refurb)

£140,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£39,324

Bridging Loan Interest

£4,725

Total Cash In

£102,099

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£140,000

Mortgage (After Refinance)

£105,000

Mortgage LTV

75%

Cash Left In

£102,099

Equity

£35,000

Rent Range

£875 - £3,000

Rent Estimate

£1,377

Running Costs/mo

£733

Cashflow/mo

£644

Cashflow/yr

£7,729

ROI

8%

Gross Yield

9%

Local Sold Prices

14 sold prices from £70K to £315K, average is £218.3K. £460/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£152.5K10/210.72 mi143, Waggon Road, Bolton, Greater Manchester BL2 5AU3
£70K12/201.11 mi1, Viola Street, Bolton, Greater Manchester BL1 8NG3
£230K06/211.89 mi37, Staveley Avenue, Bolton, Greater Manchester BL1 7HD3
£210K04/211.89 mi21, Staveley Avenue, Bolton, Greater Manchester BL1 7HD3
£226.5K10/221.92 mi91, Queens Avenue, Bromley Cross, Bolton, Greater Manchester BL7 9BJ3
£115K12/202.06 mi3, Valley Mill, Bolton, Greater Manchester BL7 9DY3
£179.9K12/202.06 mi302, Valley Mill, Bolton, Greater Manchester BL7 9DY3
£260K08/222.07 mi318, Valley Mill, Bolton, Greater Manchester BL7 9DY3
£275K05/212.28 mi2, Hilly Croft, Bromley Cross, Bolton, Greater Manchester BL7 9HN3
£315K11/222.53 mi4, Cherry Gardens, Bolton, Greater Manchester BL1 5WD3
£282K04/212.64 mi1, Helmsdale Avenue, Bolton, Greater Manchester BL3 4NZ3
£184K10/202.67 mi115 - 117, Markland Hill, Bolton, Greater Manchester BL1 5EJ3
£180K07/222.95 mi6, Corn Mill Drive, Farnworth, Bolton, Greater Manchester BL4 9EN3
£280K09/212.98 mi12, Brookside Walk, Radcliffe, Manchester, Greater Manchester M26 4JT3

Local Rents

29 rents from £875/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.05 mi-3
£95005/240.09 mi-3
£95004/240.09 miLittlebrooke Close, Bolton, BL23
£95004/240.09 miLittlebrooke Close, Bolton, BL23
£95002/240.19 mi-3
£1,20001/250.19 mi-3
£1,00004/240.21 mi-3
£1,00003/240.21 miTonge Moor Road, Bolton, BL23
£99501/250.26 mi-3
£1,10003/250.27 mi-3
£1,10011/230.31 mi-3
£2,99905/240.33 mi-3
£95003/240.33 miKingston Avenue, Bolton3
£97503/240.35 miJethro Street, Bolton, BL23
£87503/240.39 miTonge Moor Road, Tonge Moor, Bolton, BL23
£95004/240.39 miTonge Moor Road, Tonge Moor, Bolton, BL23
£2,60003/250.39 mi-3
£3,00004/240.39 mi-3
£2,60005/240.39 mi-3
£2,70011/240.39 mi-3
£1,35004/240.4 miIlkley Close, Bolton, BL23
£1,35004/240.4 mi-3
£1,10011/240.48 mi-3
£97511/240.48 mi-3
£1,05012/240.49 mi-3
£1,09503/240.52 miCrowland Road, Bolton3
£1,25001/250.53 mi-3
£1,10002/240.54 mi-3
£99502/250.55 mi-3

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

2.62 miles away

Nearest school

0.20 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £180,000

September 12, 2024

Floor Plans

Description

  • End townhouse +
  • Accommodation over three floors +
  • Modern family bathroom and en-suite +
  • Three bedrooms +
  • Downstairs/wc +
  • Allocated parking +
  • South East facing rear garden +
  • Close to local amenities +

Located just off Tonge Moor Road, is this good sized end townhouse which offers accommodation over three floors. The property does require some modernisation and is offered for sale with no onward chain. Internally the property comprises an entrance hallway, cloakroom/wc, kitchen/diner and lounge with bi-fold doors to the ground floor, two bedrooms and a modern fitted bathroom to the first floor. The master suite incorporates a large bedroom, dressing area and en-suite to the second floor. Externally there is an allocated parking space with a lawned garden and flagged path leading to the front door. The rear of the property is South East facing and has a decking area which leads onto a large lawned garden.For further information and to arrange a viewing contact Cardwells Estate Agents Bolton Email or visit

Agent Details

Cardwells Sales, Lettings, Management & Commercial, Bolton

01204 326650

Next Steps?

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