3 Bed Terraced House, Refurb/BRRR, Bolton, BL3 4JH, £150,000

Malton Avenue, Deane, BL3 4JH - 1 views - 5 months ago

Under Offer

Refurb/BRRR

ROI: 4%

~93 m²

+6 photos

ValuationFair Value

Sold Prices	£56.8K - £312K
Sold Prices/m²	£951/m² - £3.4K/m²

Square Metres	~93 m²
Price/m²	£1.6K/m²
Value Estimate	£150,000£150,000

End Value (After Refurb)	£160,371£160,371
Uplift in Value	+7%+7%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£37,500£37,500
Stamp Duty & Legal Fees	£9,200£9,200
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£3,938£3,938
Total Cash In	£91,712£91,712

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£160,371£160,371
Mortgage (After Refinance)	£120,278£120,278
Mortgage LTV	75%75%
Cash Released	£7,778£7,778
Cash Left In	£83,933£83,933
Equity	£40,093£40,093
Rent Range	£800 - £1,350£800 - £1,350
Rent Estimate	£1,072
Running Costs/mo	£736£736
Cashflow/mo	£336£336
Cashflow/yr	£4,037£4,037
ROI	4%4%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £56.8K to £312K, average is £160K. £951/m² to £3.4K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	09/21	0.09 mi	88, Hulton Lane, Bolton, Greater Manchester BL3 4JD	£1,481	108	3	Semi-Detached House
£97K	08/23	0.09 mi	122, Hulton Lane, Bolton, Greater Manchester BL3 4JD	£951	102	3	Terraced House
£110K	06/21	0.14 mi	50, Hulton Lane, Bolton, Greater Manchester BL3 4JB	-	-	3	Terraced House
£56.8K	03/23	0.14 mi	42, Hulton Lane, Bolton, Greater Manchester BL3 4JB	-	-	3	Terraced House
£155K	02/21	0.14 mi	9, Harbury Close, Bolton, Greater Manchester BL3 4JY	£2,174	71	3	Semi-Detached House
£100K	03/21	0.18 mi	12, Platt Hill Avenue, Bolton, Greater Manchester BL3 4JR	£1,078	93	3	Semi-Detached House
£120K	03/21	0.18 mi	356, Deane Church Lane, Bolton, Greater Manchester BL3 4EU	£1,579	76	3	Terraced House
£100K	05/21	0.18 mi	300, Deane Church Lane, Bolton, Greater Manchester BL3 4EU	-	-	3	Terraced House
£130K	06/21	0.2 mi	185, Deane Church Lane, Bolton, Greater Manchester BL3 4EN	-	-	3	Terraced House
£119.8K	11/21	0.22 mi	289, Willows Lane, Bolton, Greater Manchester BL3 4HH	-	-	3	Terraced House
£94K	03/23	0.22 mi	8, Lenora Street, Bolton, Greater Manchester BL3 4EZ	£1,262	74	3	Terraced House
£150K	01/23	0.24 mi	223, Willows Lane, Bolton, Greater Manchester BL3 4HE	£1,667	90	3	Terraced House
£165K	06/23	0.25 mi	10, Greenhill Avenue, Bolton, Greater Manchester BL3 4HB	£1,919	86	3	Terraced House
£167.5K	02/21	0.25 mi	11, Frinton Road, Bolton, Greater Manchester BL3 3TQ	£2,043	82	3	Semi-Detached House
£110K	01/21	0.26 mi	17, Clunton Avenue, Bolton, Greater Manchester BL3 4HD	£1,250	88	3	Semi-Detached House
£170.5K	02/21	0.26 mi	259, Hulton Lane, Bolton, Greater Manchester BL3 4LE	-	-	3	Semi-Detached House
£201.5K	05/23	0.26 mi	269, Hulton Lane, Bolton, Greater Manchester BL3 4LE	-	-	3	Semi-Detached House
£168K	05/21	0.26 mi	290, Hulton Lane, Bolton, Greater Manchester BL3 4LE	-	-	3	Semi-Detached House
£312K	04/21	0.26 mi	274, Hulton Lane, Bolton, Greater Manchester BL3 4LE	-	-	3	Semi-Detached House
£137K	10/21	0.27 mi	129, Deane Church Lane, Bolton, Greater Manchester BL3 4EQ	£1,557	88	3	Terraced House
£173K	08/21	0.28 mi	5, Edge Hill Road, Bolton, Greater Manchester BL3 3TF	£2,060	84	3	Semi-Detached House
£229K	06/21	0.29 mi	44, Winterfield Drive, Bolton, Greater Manchester BL3 4TE	£2,863	80	3	Detached House
£210.5K	12/22	0.3 mi	4, Broxton Avenue, Bolton, Greater Manchester BL3 3TG	£2,389	88	3	Semi-Detached House
£110K	01/23	0.31 mi	1, Chestnut Close, Bolton, Greater Manchester BL3 4DR	£2,444	45	3	Terraced House
£190K	02/21	0.32 mi	4, Sunadale Close, Bolton, Greater Manchester BL3 5RS	£2,714	70	3	Detached House
£125K	02/21	0.33 mi	313, Hulton Lane, Bolton, Greater Manchester BL3 4LF	£1,506	83	3	Terraced House
£179K	08/21	0.35 mi	10, Vigo Avenue, Bolton, Greater Manchester BL3 3TE	£2,486	72	3	Semi-Detached House
£82K	03/23	0.35 mi	21, Minnie Street, Bolton, Greater Manchester BL3 4EF	£1,206	68	3	Terraced House
£206K	03/21	0.36 mi	340, Hulton Lane, Bolton, Greater Manchester BL3 4LA	-	-	3	Semi-Detached House
£180K	05/23	0.37 mi	11, Hawthorne Road, Bolton, Greater Manchester BL3 5RE	£1,782	101	3	Detached House
£165K	10/21	0.38 mi	31, Windyhill Drive, Bolton, Greater Manchester BL3 4TH	£2,458	67	3	Semi-Detached House
£106K	02/21	0.38 mi	90, Longfield Road, Bolton, Greater Manchester BL3 3SZ	£1,828	58	3	Semi-Detached House
£110K	10/21	0.38 mi	31, Kylemore Avenue, Bolton, Greater Manchester BL3 5RD	£1,170	94	3	Terraced House
£250K	07/22	0.38 mi	11, Gleneagles, Bolton, Greater Manchester BL3 4XL	£3,086	81	3	Detached House
£250K	03/21	0.39 mi	3, Gleneagles, Bolton, Greater Manchester BL3 4XL	-	-	3	Detached House
£125K	04/23	0.4 mi	41, Park View Road, Bolton, Greater Manchester BL3 4BE	£1,214	103	3	Terraced House
£160K	01/23	0.4 mi	15, Brampton Road, Bolton, Greater Manchester BL3 3SX	-	-	3	Semi-Detached House
£155K	06/21	0.4 mi	414, St Helens Road, Bolton, Greater Manchester BL3 3RR	-	-	3	Terraced House
£227K	11/22	0.41 mi	15, Canmore Close, Bolton, Greater Manchester BL3 4TN	£3,388	67	3	Semi-Detached House
£168K	12/20	0.41 mi	19, Canmore Close, Bolton, Greater Manchester BL3 4TN	£2,366	71	3	Semi-Detached House
£160K	03/21	0.42 mi	4, Carnoustie, Bolton, Greater Manchester BL3 4TF	£1,974	81	3	Semi-Detached House
£104K	11/21	0.43 mi	6, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH	£1,351	77	3	Semi-Detached House
£135K	02/21	0.43 mi	59, Everbrom Road, Bolton, Greater Manchester BL3 4LD	£1,985	68	3	Semi-Detached House
£170K	11/22	0.43 mi	15, Wyndham Avenue, Bolton, Greater Manchester BL3 4LQ	£2,048	83	3	Semi-Detached House
£131.5K	07/21	0.43 mi	195, Willows Lane, Bolton, Greater Manchester BL3 4AZ	£1,644	80	3	Terraced House
£160K	07/23	0.44 mi	355, Hulton Lane, Bolton, Greater Manchester BL3 4LH	£1,758	91	3	Terraced House
£199.9K	03/21	0.44 mi	12, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH	£1,694	118	3	Semi-Detached House
£175K	12/20	0.45 mi	8, Renfrew Drive, Bolton, Greater Manchester BL3 4XX	£2,652	66	3	Semi-Detached House
£264K	03/23	0.45 mi	24, Renfrew Drive, Bolton, Greater Manchester BL3 4XX	-	-	3	Detached House
£150K	12/20	0.46 mi	82, Melbourne Road, Bolton, Greater Manchester BL3 5RW	£1,695	88	3	Semi-Detached House

Local Rents

11 rents from £800/mo to £1.4K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	01/25	0.39 mi	-	3	Semi-Detached House
£850	12/24	0.44 mi	-	3	Terraced House
£950	04/25	0.44 mi	-	3	Terraced House
£900	01/25	0.44 mi	-	3	Terraced House
£800	03/25	0.59 mi	-	3	Semi-Detached House
£1,300	12/24	0.62 mi	Fenton Way, Bolton, BL3	3	Detached House
£995	12/24	1.06 mi	-	3	Terraced House
£1,150	12/24	1.08 mi	9 Milverton Close, Lostock, Bolton, BL6 4RR	3	Flat
£1,150	04/24	1.17 mi	Dorrian Mews, Heaton	3	Flat
£1,350	01/25	1.18 mi	-	3	Semi-Detached House
£995	03/24	1.19 mi	29 Harrow Street, Bolton, BL1 4NH	3	Semi-Detached House

Local Area Statistics

Population in BL3	63,78563,785
Population in Bolton	217,471217,471
Town centre distance	1.89 miles away1.89 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.41 miles away1.41 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+0%+0%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+35%+35%

Property History

Listed for £150,000

December 10, 2024

Floor Plans

Description

Three bedrooms +
Large garden to rear +
Driveway parking +
In need of modernisation +
Lounge +
Modern fitted kitchen diner +
Potential to extend subject to planning +
Close to local amenities +

Located on a quiet estate just off Hulton Lane is this good sized end terraced property which offers plenty of potential throughout. The property is located close to many local amenities and within a short drive of the M61 motorway network. Internally the accommodation comprises an entrance hallway, lounge and kitchen/diner to the ground floor with three bedrooms and a bathroom to the first floor. Externally To the there is driveway parking to the front of the property with a large garden which is partially flagged with lawn area to the rear and a storage shed. For further information contact Cardwells Estate Agents Bolton Email or visit