3 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 2TD, £175,000

Downham Avenue, Bolton, BL2 2TD - 5 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£80.5K - £235K
Sold Prices/m²£906/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£147,451

 

 

End Value (After Refurb)

£158,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£39,324

Bridging Loan Interest

£4,594

Total Cash In

£95,868

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£158,750

Mortgage (After Refinance)

£119,063

Mortgage LTV

75%

Cash Left In

£95,868

Equity

£39,688

Rent Range

£850 - £3,000

Rent Estimate

£1,284

Running Costs/mo

£773

Cashflow/mo

£511

Cashflow/yr

£6,133

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £80.5K to £235K, average is £138.8K. £906/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£169.8K03/230 mi1, Downham Avenue, Bolton, Greater Manchester BL2 2TD3
£235K01/230.09 mi56, Staton Avenue, Bolton, Greater Manchester BL2 2SW3
£150K03/210.09 mi84, Staton Avenue, Bolton, Greater Manchester BL2 2SN3
£145K06/230.1 mi178, Ainsworth Lane, Bolton, Greater Manchester BL2 2PY3
£199.5K02/230.11 mi45, Archer Avenue, Bolton, Greater Manchester BL2 2SJ3
£118.5K03/210.13 mi174, Turner Bridge Road, Bolton, Greater Manchester BL2 2RS3
£160K11/220.14 mi67, Rossall Road, Bolton, Greater Manchester BL2 2QF3
£220K12/220.17 mi72, Crompton Way, Bolton, Greater Manchester BL2 2SD3
£137.5K11/210.2 mi40, Skipton Street, Bolton, Greater Manchester BL2 2PR3
£125K07/230.21 mi2, Kerry Grove, Bolton, Greater Manchester BL2 2QH3
£105K11/200.28 mi3, Tinsley Grove, Bolton, Greater Manchester BL2 2EZ3
£127K02/230.31 mi7, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£137K02/210.31 mi42, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£209K12/200.33 mi208, Crompton Way, Bolton, Greater Manchester BL2 2RZ3
£140K11/210.33 mi41, Brierwood, Bolton, Greater Manchester BL2 2PF3
£187K11/210.33 mi52, Brierwood, Bolton, Greater Manchester BL2 2PF3
£130K07/230.33 mi22, Brierwood, Bolton, Greater Manchester BL2 2PF3
£190K07/230.33 mi80, Brierwood, Bolton, Greater Manchester BL2 2PF3
£155K03/210.33 mi42, Parkdale Road, Bolton, Greater Manchester BL2 2QU3
£120K12/200.33 mi289, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN3
£145K05/210.34 mi38, Hypatia Street, Bolton, Greater Manchester BL2 6AA3
£80.5K05/230.34 mi5, Clegg Street, Bolton, Greater Manchester BL2 6BL3
£96.5K07/230.35 mi83, Tonge Fold Road, Bolton, Greater Manchester BL2 6AN3
£103.5K10/210.38 mi15, Littlebrooke Close, Bolton, Greater Manchester BL2 2GX3
£121K02/210.38 mi49, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£100K04/210.38 mi36, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£100K04/210.38 mi36, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£125K09/210.42 mi88, Thicketford Road, Bolton, Greater Manchester BL2 2LU3
£232K11/210.42 mi59, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£185K10/200.42 miNorwood, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£88K11/210.44 mi67, Stephens Street, Bolton, Greater Manchester BL2 5DU3
£127K06/230.44 mi142, Bradford Street, Bolton, Greater Manchester BL2 1JS3
£129.8K03/210.47 mi109, Withins Lane, Bolton, Greater Manchester BL2 5DY3
£175K07/230.49 mi3, High Avenue, Bolton, Greater Manchester BL2 5AZ3
£95K05/230.49 mi2, Horsa Street, Bolton, Greater Manchester BL2 2DW3
£150K10/200.5 mi11, Blenheim Road, Bolton, Greater Manchester BL2 6EA3
£180K07/210.5 mi33, Blenheim Road, Bolton, Greater Manchester BL2 6EA3
£118K12/200.5 mi11, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£210K03/210.5 mi2, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£120K10/210.52 mi84, Aldercroft Avenue, Bolton, Greater Manchester BL2 5AF3
£185K03/210.53 mi2, St James Avenue, Bolton, Greater Manchester BL2 6HY3
£186.5K02/230.53 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£130K09/210.54 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£116K07/210.54 mi20, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£173K05/230.55 mi41, Bannister Street, Bolton, Greater Manchester BL2 6HT3
£125K03/210.55 mi131, Winchester Way, Bolton, Greater Manchester BL2 5AG3
£146.5K03/230.55 mi115, Winchester Way, Bolton, Greater Manchester BL2 5AG3
£170K04/230.56 mi43, Gregory Avenue, Bolton, Greater Manchester BL2 6HS3
£92K12/200.58 mi35, Rochester Avenue, Bolton, Greater Manchester BL2 5ED3
£144.5K01/230.58 mi9, Rochester Avenue, Bolton, Greater Manchester BL2 5ED3

Local Rents

31 rents from £850/mo to £3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,10011/230.11 mi-3
£95002/240.21 mi-3
£1,20001/250.21 mi-3
£99502/250.22 mi-3
£97503/240.23 miJethro Street, Bolton, BL23
£1,35004/240.26 mi-3
£1,35004/240.26 miIlkley Close, Bolton, BL23
£2,60004/250.26 mi-3
£3,00004/240.26 mi-3
£2,60005/240.26 mi-3
£2,70011/240.26 mi-3
£2,99905/240.29 mi-3
£95003/240.29 miKingston Avenue, Bolton3
£95004/240.34 miLittlebrooke Close, Bolton, BL23
£95004/240.34 miLittlebrooke Close, Bolton, BL23
£95005/240.34 mi-3
£1,20003/250.37 mi-3
£1,40005/240.37 mi-3
£1,20003/250.38 mi-3
£92512/240.38 mi-3
£97511/240.43 mi-3
£1,25004/250.45 mi-3
£1,00004/240.5 mi-3
£1,00003/240.5 miTonge Moor Road, Bolton, BL23
£87503/240.53 miRed Lane, Breightmet, Bolton3
£99502/240.53 mi-3
£85004/240.56 miWinchester Way, Bolton, BL23
£85005/240.56 miWinchester Way, Bolton, BL23
£90005/240.58 miRochester Avenue, Breightmet, Bolton3
£1,00002/240.59 mi-3
£1,02004/250.62 mi-3

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

3 miles away

Nearest school

0.30 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £175,000

November 20, 2024

Description

  • 3 bed semi detached +
  • Requires modernisation +
  • Ideal family home +
  • Driveway/off road parking +
  • Close to local schools +
  • Sought after location +
  • Gas central heating/double glazing +
  • No onward chain +

Northwood are delighted to present to you this charming semi-detached property in Tonge Fold, Bolton. It's in good condition and ready to welcome new homeowners. It's ideal for first-time buyers, investors, and families alike, offering an array of features to suit everyone's needs. Inside, you'll find a warm and welcoming reception room where you can sit back, relax, and enjoy quality time with the family. The property boasts a spacious kitchen, equipped with practical wall and base units and ample space for dining. The property features three cosy bedrooms, offering plenty of space for all the family or perhaps an office if you're working from home. There's also a bathroom with all the essentials. It's not just the inside of the property that is attractive; the outside offers some fantastic features too. Complete with a garden, it's the perfect spot for summer barbecues or a spot of gardening. Plus, there's the added benefit of parking, saving you the hassle of finding a spot on the street. The house is rated 'C' for energy efficiency and falls under council tax band 'A', making it affordable and environmentally friendly. Location-wise, it's situated in a sought-after area with excellent public transport links, making commuting a breeze. It's ideally located near schools and local amenities with parks nearby for leisurely walks or family outings. This property truly has so much to offer, so don't hesitate to get in touch for a viewing! EPC rating: C. Tenure: Freehold,

Agent Details

Northwood, Bolton

01204 952663

Next Steps?

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