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	£181,800£181,800

End Value (After Refurb)	£140,000£140,000

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£11,300£11,300
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£4,725£4,725
Total Cash In	£102,099£102,099

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£140,000£140,000
Mortgage (After Refinance)	£105,000£105,000
Mortgage LTV	75%75%
Cash Left In	£102,099£102,099
Equity	£35,000£35,000
Rent Range	£875 - £3,000£875 - £3,000
Rent Estimate	£1,377
Running Costs/mo	£733£733
Cashflow/mo	£644£644
Cashflow/yr	£7,729£7,729
ROI	8%8%
Gross Yield	9%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£152.5K	10/21	0.72 mi	143, Waggon Road, Bolton, Greater Manchester BL2 5AU	£1,713	89	3	Flat
£70K	12/20	1.11 mi	1, Viola Street, Bolton, Greater Manchester BL1 8NG	£460	152	3	Flat
£230K	06/21	1.89 mi	37, Staveley Avenue, Bolton, Greater Manchester BL1 7HD	£2,911	79	3	Flat
£210K	04/21	1.89 mi	21, Staveley Avenue, Bolton, Greater Manchester BL1 7HD	-	-	3	Flat
£226.5K	10/22	1.92 mi	91, Queens Avenue, Bromley Cross, Bolton, Greater Manchester BL7 9BJ	-	-	3	Flat
£115K	12/20	2.06 mi	3, Valley Mill, Bolton, Greater Manchester BL7 9DY	£1,696	68	3	Flat
£179.9K	12/20	2.06 mi	302, Valley Mill, Bolton, Greater Manchester BL7 9DY	£1,636	110	3	Flat
£260K	08/22	2.07 mi	318, Valley Mill, Bolton, Greater Manchester BL7 9DY	£1,281	203	3	Flat
£275K	05/21	2.28 mi	2, Hilly Croft, Bromley Cross, Bolton, Greater Manchester BL7 9HN	£3,125	88	3	Flat
£315K	11/22	2.53 mi	4, Cherry Gardens, Bolton, Greater Manchester BL1 5WD	£2,625	120	3	Flat
£282K	04/21	2.64 mi	1, Helmsdale Avenue, Bolton, Greater Manchester BL3 4NZ	£3,099	91	3	Flat
£184K	10/20	2.67 mi	115 - 117, Markland Hill, Bolton, Greater Manchester BL1 5EJ	-	-	3	Flat
£180K	07/22	2.95 mi	6, Corn Mill Drive, Farnworth, Bolton, Greater Manchester BL4 9EN	£2,535	71	3	Flat
£280K	09/21	2.98 mi	12, Brookside Walk, Radcliffe, Manchester, Greater Manchester M26 4JT	-	-	3	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,400	05/24	0.05 mi	-	3	Semi-Detached House
£950	05/24	0.09 mi	-	3	Terraced House
£950	04/24	0.09 mi	Littlebrooke Close, Bolton, BL2	3	Terraced House
£950	04/24	0.09 mi	Littlebrooke Close, Bolton, BL2	3	Terraced House
£950	02/24	0.19 mi	-	3	Terraced House
£1,200	01/25	0.19 mi	-	3	Terraced House
£1,000	04/24	0.21 mi	-	3	Terraced House
£1,000	03/24	0.21 mi	Tonge Moor Road, Bolton, BL2	3	Terraced House
£995	01/25	0.26 mi	-	3	Terraced House
£1,060	04/25	0.27 mi	-	3	Terraced House
£1,100	11/23	0.31 mi	-	3	Semi-Detached House
£2,999	05/24	0.33 mi	-	3	Semi-Detached House
£950	03/24	0.33 mi	Kingston Avenue, Bolton	3	Detached House
£975	03/24	0.35 mi	Jethro Street, Bolton, BL2	3	Terraced House
£875	03/24	0.39 mi	Tonge Moor Road, Tonge Moor, Bolton, BL2	3	Terraced House
£950	04/24	0.39 mi	Tonge Moor Road, Tonge Moor, Bolton, BL2	3	Terraced House
£2,600	03/25	0.39 mi	-	3	Bungalow
£3,000	04/24	0.39 mi	-	3	Bungalow
£2,600	05/24	0.39 mi	-	3	Bungalow
£2,700	11/24	0.39 mi	-	3	Bungalow
£1,350	04/24	0.4 mi	Ilkley Close, Bolton, BL2	3	Bungalow
£1,350	04/24	0.4 mi	-	3	Bungalow
£1,250	04/25	0.47 mi	-	3	Terraced House
£1,100	11/24	0.48 mi	-	3	Terraced House
£975	11/24	0.48 mi	-	3	Terraced House
£1,050	12/24	0.49 mi	-	3	Terraced House
£1,095	03/24	0.52 mi	Crowland Road, Bolton	3	Detached House
£1,250	01/25	0.53 mi	-	3	Semi-Detached House
£1,100	02/24	0.54 mi	-	3	Semi-Detached House
£995	02/25	0.55 mi	-	3	Semi-Detached House

Local Area Statistics

Population in BL2	45,84545,845
Population in Bolton	217,471217,471
Town centre distance	2.62 miles away2.62 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.75 miles away0.75 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+43%+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