2 Bed Flat, Single Let, Kearsley, BL4 7EF, £81,000

Reed Close, Bolton, Greater Manchester, BL4 7EF - 7 months ago

Leasehold
BTL
ROI: 15%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£70K - £155K
Sold Prices/m²£1.2K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£99,630
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,250

Stamp Duty & Legal Fees

£5,250

Total Cash In

£25,500

 

 

Cash Out

 

Rent Range

£725 - £1,400

Rent Estimate

£730

Running Costs/mo

£419

Cashflow/mo

£311

Cashflow/yr

£3,731

ROI

15%

Gross Yield

11%

Local Sold Prices

40 sold prices from £70K to £155K, average is £95K. £1.2K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£75K02/210 mi3, Reed Close, Farnworth, Bolton, Greater Manchester BL4 7EF2
£88K06/220.18 mi67, Dixon Green Drive, Farnworth, Bolton, Greater Manchester BL4 7EE2
£99K01/220.2 mi15, Glynne Street, Farnworth, Bolton, Greater Manchester BL4 7DN2
£75K11/200.44 mi87, Buckley Lane, Farnworth, Bolton, Greater Manchester BL4 9PQ2
£72K02/210.44 miFlat 6, Shaw House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DQ2
£72K10/210.45 miFlat 20, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£82.5K01/220.45 miFlat 10, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£80K12/220.45 miFlat 5, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£85K07/220.46 miFlat 6, Highfield Court, Masefield Drive, Farnworth, Bolton, Greater Manchester BL4 9TF2
£87K09/220.47 miFlat 2, Lever House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DW2
£155K10/220.48 mi155, Campbell Street, Farnworth, Bolton, Greater Manchester BL4 7HJ2
£90K10/200.56 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£93K10/200.56 mi17, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K08/220.57 mi22, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£100K01/230.58 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K02/220.59 mi9, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£102K07/230.59 mi11, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£110K06/230.62 mi3, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£90K11/220.62 mi8, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£77K10/200.62 mi4, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K02/230.62 mi7, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K12/220.62 mi3, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£105K10/220.63 mi23, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£105K03/230.79 mi17, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.79 mi34, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K05/240.79 mi8, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£96K07/230.79 mi2, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£120K12/200.79 mi74, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£100K05/210.79 mi18, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£110K01/230.8 mi32, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£140K11/210.8 mi47, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K10/220.8 mi31, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.8 mi16, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£96K06/210.81 mi26, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£100K12/210.81 mi20, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£90K12/200.81 mi16, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£95K08/210.81 mi32, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£130K01/230.82 mi16, Hirst Avenue, Worsley, Manchester, Greater Manchester M28 3QH2
£72.5K10/200.94 mi306 Lilac Gardens, Ramswell Close, Bolton, Greater Manchester BL3 2NL2
£70K01/210.94 mi105 Lilac Gardens, Ramswell Close, Bolton, Greater Manchester BL3 2NL2

Local Rents

50 rents from £725/mo to £1.4K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£76004/240 miReed Close, Bolton, BL42
£80004/240.01 miReed Close, Farnworth, Bolton, BL42
£80005/240.01 miReed Close, Farnworth, Bolton, BL42
£80006/240.01 mi-2
£77010/230.01 mi-2
£80002/240.01 mi-2
£82010/240.01 mi-2
£80012/240.02 mi-2
£77010/230.02 mi-2
£82503/240.09 miSt. Germain Street, Farnworth, Bolton2
£85012/240.13 mi-2
£82502/250.14 mi-2
£82011/240.14 mi-2
£82504/240.17 miSt. Germain Street, Farnworth, Bolton, BL42
£82505/240.17 mi-2
£85004/240.18 miDixon Green Drive, Farnworth, Bolton, BL42
£80002/240.18 mi-2
£85009/240.18 mi-2
£85003/250.19 mi-2
£89504/240.21 miDixon Green Drive, Farnworth, Bolton2
£85004/240.24 miLeinster Street, Farnworth - 2 BEDROOMS PLUS STUDY2
£85003/240.25 miLeinster Street, Farnworth, Bolton2
£85004/240.25 miLeinster Street, Farnworth, Bolton2
£87512/240.26 mi-2
£1,14507/240.26 mi-2
£1,19512/240.26 mi-2
£1,19511/240.26 mi-2
£1,19504/250.26 mi-2
£1,25003/240.26 miAlbert Road, Farnworth, Bolton, BL42
£1,19503/240.26 miAlbert Road, Farnworth, Bolton, BL42
£1,19504/240.26 miAlbert Road, Farnworth, Bolton, BL42
£1,19404/240.26 miAlbert Road, Farnworth, Bolton, BL42
£1,19405/240.26 miAlbert Road, Farnworth, Bolton, BL42
£1,27511/230.27 mi-2
£79505/240.27 mi-2
£79504/240.27 miBalmoral Road, Farnworth, Bolton, BL42
£80004/240.33 mi-2
£80003/240.33 miKildare Street, Farnworth, Bolton, BL42
£80011/230.34 mi-2
£92508/240.36 mi-2
£89510/240.36 mi-2
£79505/240.42 miBuckley Court, Buckley Lane, Farnworth, Bolton, BL42
£72512/240.42 mi-2
£79503/240.45 miMoorfield Chase, Bolton2
£1,40012/240.46 mi-2
£90010/240.46 mi-2
£77503/240.47 miLever House Moorfield Chase, Farnworth, Bolton, BL42
£90003/250.47 mi-2
£79503/240.47 miLever House, Moorfield Chase, Farnworth, Bolton2
£85003/240.5 miBradford Street, Farnworth, Bolton - 2 BEDROOMS PLUS STUDY2

Local Area Statistics

Population in BL4

33,664

Town centre distance

1.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.66 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 £81,000

April 5, 2025

Price changed to £83,000

March 28, 2025

Price changed to £85,000

March 20, 2025

Listed for £80,000

September 25, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Well Maintained Property +
  • Spacious Rooms +
  • Lounge and Kitchen +
  • Three Piece Bathroom +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat located in Bolton. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedroom, lounge and kitchen, and a three piece bathroom.

It currently produces an annual gross income of £8,760 which could be increased by the new owner to a market rate of £10,800 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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