2 Bed Terraced House, Single Let, Leigh, WN7 1NP, £80,000

Hope Street, Leigh, Lancashire, WN7 1NP - 4 views - 4 months ago

Under Offer
Leasehold
Auction
BTL
ROI: 17%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£64K - £247.5K
Sold Prices/m²£928/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£85,139

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,750

Total Cash In

£23,750

 

 

Cash Out

 

Rent Range

£700 - £995

Rent Estimate

£800

Running Costs/mo

£430

Cashflow/mo

£370

Cashflow/yr

£4,440

ROI

19%

Gross Yield

12%

Local Sold Prices

49 sold prices from £64K to £247.5K, average is £97K. £928/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£110K04/240.01 mi127, Hope Street, Leigh, Greater Manchester WN7 1NP2
£78K04/210.01 mi108, Hope Street, Leigh, Greater Manchester WN7 1NP2
£90K11/200.01 mi121, Hope Street, Leigh, Greater Manchester WN7 1NP2
£85K03/210.01 mi139, Hope Street, Leigh, Greater Manchester WN7 1NP2
£139.9K11/230.02 mi43, Ledbury Street, Leigh, Greater Manchester WN7 1PY2
£106K10/230.04 mi69, Oxford Street, Leigh, Greater Manchester WN7 1NG2
£247.5K11/210.05 mi1, Arundel Drive, Leigh, Greater Manchester WN7 1PX2
£72K12/200.07 mi217, Hope Street, Leigh, Greater Manchester WN7 1NR2
£85K06/210.07 mi195, Hope Street, Leigh, Greater Manchester WN7 1NR2
£126K02/240.07 mi168, Hope Street, Leigh, Greater Manchester WN7 1NR2
£100K01/240.07 mi173, Hope Street, Leigh, Greater Manchester WN7 1NR2
£95K11/230.07 mi84, Leigh Road, Leigh, Greater Manchester WN7 1SL2
£95K06/230.08 mi130, Oxford Street, Leigh, Greater Manchester WN7 1NJ2
£90K01/240.1 mi130, Leigh Road, Leigh, Greater Manchester WN7 1SJ2
£124K07/240.1 mi27, Oxford Street, Leigh, Greater Manchester WN7 1NE2
£93.5K06/230.1 mi74, Hope Street, Leigh, Greater Manchester WN7 1NB2
£76K09/210.1 mi80, Hope Street, Leigh, Greater Manchester WN7 1NB2
£171K04/210.12 mi196, Charles Street, Leigh, Greater Manchester WN7 1PT2
£120K11/230.13 mi103, Selwyn Street, Leigh, Greater Manchester WN7 1RS2
£93K11/210.13 mi92, Selwyn Street, Leigh, Greater Manchester WN7 1RS2
£70K02/230.16 mi50, Platt Street, Leigh, Greater Manchester WN7 1NA2
£75K03/210.16 mi40, Platt Street, Leigh, Greater Manchester WN7 1NA2
£130K04/240.17 mi146, Bold Street, Leigh, Greater Manchester WN7 1EZ2
£80K05/210.17 mi119, Gordon Street, Leigh, Greater Manchester WN7 1RU2
£101.5K11/210.18 mi14, Kirkhall Lane, Leigh, Greater Manchester WN7 1RY2
£76K12/210.18 mi7, Selwyn Street, Leigh, Greater Manchester WN7 1RP2
£64K01/210.18 mi156, Glebe Street, Leigh, Greater Manchester WN7 1RJ2
£76.5K05/210.19 mi9, Orchard Lane, Leigh, Greater Manchester WN7 1NT2
£120K03/230.19 mi9, Orchard Lane, Leigh, Greater Manchester WN7 1NT2
£136.5K05/230.19 mi2, Orchard Lane, Leigh, Greater Manchester WN7 1NT2
£100K03/210.2 mi51, Orchard Lane, Leigh, Greater Manchester WN7 1NX2
£157K06/230.2 mi70, Orchard Lane, Leigh, Greater Manchester WN7 1NX2
£115K01/240.2 mi187, Glebe Street, Leigh, Greater Manchester WN7 1RH2
£95K04/230.2 mi169, Glebe Street, Leigh, Greater Manchester WN7 1RH2
£95K06/210.21 mi11, Cavendish Street, Leigh, Greater Manchester WN7 1SG2
£100K07/230.21 mi87, Gordon Street, Leigh, Greater Manchester WN7 1RW2
£85K03/230.22 mi124, Glebe Street, Leigh, Greater Manchester WN7 1RQ2
£87K03/210.22 mi7, Sefton Street, Leigh, Greater Manchester WN7 1LX2
£97K06/210.22 mi15, Sefton Street, Leigh, Greater Manchester WN7 1LX2
£128K05/210.23 mi760, Leigh Road, Leigh, Greater Manchester WN7 1TF2
£118K03/210.23 mi726, Leigh Road, Leigh, Greater Manchester WN7 1TF2
£115K02/230.26 mi16, Endsleigh Gardens, Leigh, Greater Manchester WN7 1LR2
£84K07/210.26 mi11, Gordon Street, Leigh, Greater Manchester WN7 1RE2
£138K03/210.26 mi56, The Avenue, Leigh, Greater Manchester WN7 1ES2
£190K09/230.28 mi14, Stowe Gardens, Leigh, Greater Manchester WN7 1HX2
£215K07/230.28 mi11, Stowe Gardens, Leigh, Greater Manchester WN7 1HX2
£78K01/210.28 mi69, Glebe Street, Leigh, Greater Manchester WN7 1RF2
£106.5K02/240.28 mi63, Glebe Street, Leigh, Greater Manchester WN7 1RF2
£73K02/210.28 mi47, Henrietta Street, Leigh, Greater Manchester WN7 1LH2

Local Rents

50 rents from £700/mo to £995/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£89002/250.01 mi-2
£89002/250.01 mi-2
£79504/250.01 mi-2
£80011/240.02 mi-2
£75011/240.04 mi-2
£75011/240.04 mi-2
£80002/250.04 mi-2
£82511/240.04 mi-2
£82504/250.04 mi-2
£79509/240.04 mi-2
£87504/250.05 mi-2
£85003/250.05 mi-2
£85011/240.05 mi-2
£75011/240.07 mi-2
£75012/240.08 mi-2
£75012/240.08 mi-2
£75003/250.08 mi-2
£77503/250.08 mi-2
£72511/240.08 miOxford Street, Leigh, Greater Manchester, WN72
£75011/230.13 mi-2
£70011/240.17 miLeigh Road, Leigh2
£75011/240.18 mi-2
£88009/240.18 mi-2
£75011/240.19 mi-2
£90004/250.19 mi-2
£89502/250.2 mi-2
£80011/240.2 mi-2
£99512/240.2 mi-2
£75012/230.2 mi-2
£75002/250.21 mi-2
£85012/240.21 mi-2
£90003/250.21 mi-2
£70002/250.22 mi-2
£85011/240.22 mi-2
£75002/240.24 mi-2
£79511/240.24 mi-2
£79511/240.24 mi-2
£80011/240.24 mi-2
£87511/240.26 miHilton Park, Leigh, WN7 1RL2
£79511/240.28 mi-2
£85001/250.3 mi-2
£82511/240.3 mi-2
£82503/250.36 mi-2
£85011/240.4 mi-2
£85004/250.41 mi-2
£85011/240.42 mi-2
£75012/240.42 mi-2
£75011/240.43 mi-2
£75011/240.43 mi-2
£75003/250.43 mi-2

Local Area Statistics

Population in WN7

47,819

Town centre distance

189.27 miles away

Nearest school

0.20 miles away

Nearest train station

2.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £80,000

December 12, 2024

Listed for £85,000

November 25, 2024

Sold for £60,000

2016

Sold for £45,000

2013

Sold for £24,100

1997

Floor Plans

Description

FOR SALE BY CONDITIONAL ONLINE AUCTION

Newton & Co are pleased to offer for auction this well presented Victorian mid-terraced property which is sold via Auction with Tenants in Situ currently paying £800PCM. Set in Leigh, this amazing BTL property is close to a host of local amenities. Accommodation briefly comprises, entrance hall, lounge to the front leading into a spacious fitted kitchen/diner to the ground floor.

Rising to the first floor you will find two bedrooms and a three-piece bathroom with wc. pedestal sink and bath with shower above.

Externally the property offers enclosed rear yard and a front palisade. Additional benefits include gas central heating, newly painted throughout, new carpets throughout and double glazed windows and external doors.

The property is ideally located with great public transport links and is within walking distance to Lilford Park along with both Pennington Flash and Leigh Sports Village are just a short drive away.

Please note, the photos displayed were taken June 2024 prior to the Tenants moving in.

Auctioneer Comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT.

The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Newton & Co Ltd, Bolton

01204 952881

Next Steps?

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