2 Bed Semi-Detached House, Single Let, Bolton, BL2 5EN, £130,000

Bailey Lane, Bolton, BL2 5EN - 1 views - 6 months ago

Under Offer
Leasehold
BTL
ROI: 5%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£71.5K - £401K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£129,507

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£40,300

 

 

Cash Out

 

Rent Range

£625 - £1,100

Rent Estimate

£725

Running Costs/mo

£571

Cashflow/mo

£154

Cashflow/yr

£1,845

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £71.5K to £401K, average is £130K. £1.1K/m² to £4.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£125K04/230.14 mi11, Newlands Avenue, Bolton, Greater Manchester BL2 5EU2
£137K03/230.14 mi7, Newlands Avenue, Bolton, Greater Manchester BL2 5EU2
£80.5K04/210.14 mi19, Newlands Avenue, Bolton, Greater Manchester BL2 5EU2
£122K11/200.16 mi2, Highwood Close, Bolton, Greater Manchester BL2 5FA2
£106K11/200.27 mi210, Newby Road, Bolton, Greater Manchester BL2 5JA2
£102K01/210.28 mi75, Withins Drive, Bolton, Greater Manchester BL2 5LG2
£140K05/210.3 mi78, Deepdale Road, Bolton, Greater Manchester BL2 5LR2
£183K02/230.3 mi30, Withins Lane, Bolton, Greater Manchester BL2 5DZ2
£130K05/230.33 mi7, Goldrill Gardens, Bolton, Greater Manchester BL2 5NL2
£130K06/210.35 mi113, New Lane, Bolton, Greater Manchester BL2 5BY2
£145K05/210.35 mi101, New Lane, Bolton, Greater Manchester BL2 5BY2
£237K02/230.35 mi12, Denstone Crescent, Bolton, Greater Manchester BL2 5DF2
£150K12/200.35 mi12, Denstone Crescent, Bolton, Greater Manchester BL2 5DF2
£154K06/230.36 mi65a, Burnmoor Road, Bolton, Greater Manchester BL2 5LU2
£152.5K03/210.39 mi4, Withins Drive, Bolton, Greater Manchester BL2 5LE2
£112K12/200.41 mi9, Arnside Grove, Bolton, Greater Manchester BL2 6PL2
£117.5K12/210.41 mi38, Swinside Road, Bolton, Greater Manchester BL2 5NG2
£195K08/210.45 mi4, Woodbank, Bolton, Greater Manchester BL2 4LX2
£126K07/210.45 mi2, Torver Drive, Bolton, Greater Manchester BL2 5LZ2
£157.5K07/210.47 mi16, Harley Avenue, Harwood, Bolton, Greater Manchester BL2 4NU2
£165K12/200.47 mi36, Harley Avenue, Harwood, Bolton, Greater Manchester BL2 4NU2
£120K06/210.49 mi41, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£102K12/200.51 mi21, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£105K12/200.51 mi23, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£113.5K12/200.51 mi45, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£121K01/210.52 mi22, Gregory Avenue, Bolton, Greater Manchester BL2 6HS2
£100K12/200.52 mi13, Gregory Avenue, Bolton, Greater Manchester BL2 6HS2
£87.5K01/210.53 mi6, Red Bridge, Bolton, Greater Manchester BL2 5PB2
£125K11/220.56 mi761, Bury Road, Bolton, Greater Manchester BL2 6PB2
£235K07/230.61 mi20, Dewhurst Road, Bolton, Greater Manchester BL2 3NE2
£110K01/210.64 mi3, Stephens Street, Bolton, Greater Manchester BL2 5DT2
£401K10/220.66 mi463, Hough Fold Way, Bolton, Greater Manchester BL2 3PU2
£117.5K12/200.67 mi26, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£117.5K12/200.67 mi28, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£130K06/210.68 mi50, Alexander Road, Bolton, Greater Manchester BL2 2QZ2
£210K07/210.68 mi6, Meadows Lane, Bolton, Greater Manchester BL2 3QG2
£230K06/210.7 mi23, Heathfield, Harwood, Bolton, Greater Manchester BL2 3QQ2
£264K02/230.71 mi81, Belmont View, Bolton, Greater Manchester BL2 3QW2
£245K12/200.72 mi73, Belmont View, Bolton, Greater Manchester BL2 3QW2
£71.5K05/210.72 mi4, Oakenbottom Road, Bolton, Greater Manchester BL2 6DG2
£170K01/210.72 mi1, Sandford Close, Bolton, Greater Manchester BL2 3NH2
£225K02/210.73 mi3, Prospect Avenue, Bolton, Greater Manchester BL2 3PN2
£137K07/210.74 mi68, Garstang Avenue, Bolton, Greater Manchester BL2 6JN2
£150K10/210.74 mi17, Garstang Avenue, Bolton, Greater Manchester BL2 6JW2
£77.5K12/200.75 mi51, Brief Street, Bolton, Greater Manchester BL2 2LY2
£76K03/210.75 mi53, Brief Street, Bolton, Greater Manchester BL2 2LY2
£85K02/210.75 mi463, Bury Road, Bolton, Greater Manchester BL2 6DF2
£300K11/200.76 mi13, Belmont View, Bolton, Greater Manchester BL2 3QJ2
£120K06/230.76 mi15, Lever Hall Road, Bolton, Greater Manchester BL2 6DJ2
£135K11/200.77 mi7, Cleveleys Avenue, Bolton, Greater Manchester BL2 2TB2

Local Rents

50 rents from £625/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£85005/240.18 miPadbury Way, Bolton2
£75003/240.19 mi83 Winster Drive, Bolton, BL2 5HA2
£82503/250.33 mi-2
£87503/250.41 mi-2
£76012/240.51 mi** Crompton Avenue, Bolton **2
£62502/240.58 mi-2
£82504/250.58 mi-2
£1,10003/240.64 miHarwood Vale, Bolton, Greater Manchester, BL22
£77503/240.64 miBury Road, Breighmet, Bolton2
£89503/250.64 mi-2
£77503/240.67 miBury Road, Bolton2
£77505/240.67 miBury Road, Bolton2
£75003/240.68 miBury Road, Breightmet, Bolton2
£82511/240.71 mi-2
£90012/230.79 mi-2
£85002/240.8 mi-2
£79504/240.8 miTonge Park Avenue, Bolton2
£79503/240.81 miAinsworth Lane, Bolton2
£79504/240.81 miAinsworth Lane, Bolton2
£85004/240.81 mi-2
£85005/240.81 mi-2
£85003/240.82 miBury Road, Bolton, BL22
£85002/240.83 mi-2
£85003/250.84 mi-2
£95004/240.84 miPatterdale Road, Bolton2
£75003/240.85 miWemsley Grove, Bolton, BL22
£75003/240.85 miWemsley Grove, Bolton, BL22
£75004/240.85 mi-2
£75004/240.85 mi-2
£95004/240.85 miTintern Avenue, Bolton, Greater Manchester, BL2 2NR2
£75012/230.86 mi-2
£80010/240.88 mi-2
£99501/250.89 mi-2
£85005/240.89 miTomlin Square, Bolton, BL22
£90001/250.89 mi-2
£85011/240.91 mi-2
£85003/240.91 miAinsworth Lane, Bolton, Greater Manchester, BL2 2PN2
£70011/240.93 mi-2
£75003/240.93 miMoorfield Grove, Bolton2
£77504/240.93 miTonge, Bolton, BL2 2LQ2
£82501/250.93 mi-2
£90004/250.93 mi-2
£99504/250.95 mi-2
£79503/240.97 miTonge Moor Road, Bolton, BL22
£80011/230.98 mi-2
£72504/240.98 miJethro Street, Bolton2
£75005/240.99 miJethro Street, Bolton2
£75012/230.99 mi-2
£75003/241 miGeorge Barton Street, Bolton2
£75005/241 mi102 Eldon Street,Bolton,BL22

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

3.60 miles away

Nearest school

0.20 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £130,000

October 27, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Rooms +
  • Garden Grounds +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom semi detached house 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 bedrooms, lounge, kitchen, and bathroom.

Investment details

It currently produces an annual gross income of £8,700 which could be increased by the new owner to a market rate of £13,800 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.

Tenancy Details

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 💪