3 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 5LX, £192,500

Brantwood Drive, Breightmet, BL2 5LX - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£47.5K - £275K
Sold Prices/m²£783/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.1K/m²

Value Estimate

£178,245

 

 

End Value (After Refurb)

£181,262

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£48,125

Stamp Duty & Legal Fees

£12,175

Refurb Costs

£39,324

Bridging Loan Interest

£5,053

Total Cash In

£106,427

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£181,262

Mortgage (After Refinance)

£135,947

Mortgage LTV

75%

Cash Left In

£106,427

Equity

£45,316

Rent Range

£795 - £1,200

Rent Estimate

£942

Running Costs/mo

£775

Cashflow/mo

£167

Cashflow/yr

£2,006

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £47.5K to £275K, average is £161.5K. £783/m² to £3.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£150K04/210.05 mi9, Brantfell Grove, Bolton, Greater Manchester BL2 5LY3
£142K12/200.06 mi6, Brantfell Grove, Bolton, Greater Manchester BL2 5LY3
£170K02/210.11 mi200, Red Lane, Bolton, Greater Manchester BL2 5HN3
£270K12/220.17 mi114, Tetbury Drive, Bolton, Greater Manchester BL2 5NS3
£155K10/200.17 mi98, Tetbury Drive, Bolton, Greater Manchester BL2 5NS3
£155.5K02/230.18 mi105, Tetbury Drive, Bolton, Greater Manchester BL2 5NR3
£100K03/210.23 mi42, Ennerdale Avenue, Bolton, Greater Manchester BL2 5ET3
£235K03/210.26 mi101, Dovedale Road, Bolton, Greater Manchester BL2 5HS3
£193.5K02/230.28 mi12, Highwood Close, Bolton, Greater Manchester BL2 5FA3
£170K05/230.29 mi181, Winchester Way, Bolton, Greater Manchester BL2 5LJ3
£47.5K01/210.3 mi83, Kentmere Road, Bolton, Greater Manchester BL2 5JN3
£47.5K01/210.3 mi83, Kentmere Road, Bolton, Greater Manchester BL2 5JN3
£94K03/210.3 mi58, Kentmere Road, Bolton, Greater Manchester BL2 5JN3
£240K09/210.31 mi16, Embleton Close, Bolton, Greater Manchester BL2 5BQ3
£235K04/210.31 mi5, Embleton Close, Bolton, Greater Manchester BL2 5BQ3
£162K01/210.31 mi4, Embleton Close, Bolton, Greater Manchester BL2 5BQ3
£260K12/220.33 mi140, Withins Lane, Bolton, Greater Manchester BL2 5DZ3
£175K11/200.34 mi144, Withins Lane, Bolton, Greater Manchester BL2 5DZ3
£275K02/230.34 mi162, Withins Lane, Bolton, Greater Manchester BL2 5EB3
£115K12/200.34 mi788, Bury Road, Bolton, Greater Manchester BL2 6PA3
£199.9K03/210.34 mi798, Bury Road, Bolton, Greater Manchester BL2 6PA3
£180K04/210.35 mi198a, Deepdale Road, Bolton, Greater Manchester BL2 5HY3
£212K11/220.37 miThe Annex, 24, Bowgreave Avenue, Bolton, Greater Manchester BL2 6JQ3
£169.9K12/210.39 mi18, Twisse Road, Bolton, Greater Manchester BL2 6NZ3
£125K04/230.4 mi10, Barchester Avenue, Bolton, Greater Manchester BL2 5EF3
£173K05/230.4 mi41, Bannister Street, Bolton, Greater Manchester BL2 6HT3
£240K08/230.4 mi1, Bailey Lane, Bolton, Greater Manchester BL2 5EN3
£118K12/200.42 mi11, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£210K03/210.42 mi2, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£226K01/230.42 mi694, Bury Road, Bolton, Greater Manchester BL2 6JD3
£146.5K03/230.42 mi115, Winchester Way, Bolton, Greater Manchester BL2 5AG3
£92K12/200.43 mi35, Rochester Avenue, Bolton, Greater Manchester BL2 5ED3
£144.5K01/230.43 mi9, Rochester Avenue, Bolton, Greater Manchester BL2 5ED3
£125K03/210.43 mi131, Winchester Way, Bolton, Greater Manchester BL2 5AG3
£130K09/210.43 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£116K07/210.43 mi20, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£170K04/230.43 mi43, Gregory Avenue, Bolton, Greater Manchester BL2 6HS3
£186.5K02/230.44 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£195K08/210.45 mi3, Lovat Road, Bolton, Greater Manchester BL2 6LP3
£129.8K03/210.45 mi109, Withins Lane, Bolton, Greater Manchester BL2 5DY3
£178K01/230.46 mi3, Torridon Road, Bolton, Greater Manchester BL2 6LS3
£161K09/210.47 mi21, Carron Grove, Bolton, Greater Manchester BL2 6LR3
£185K03/210.48 mi2, St James Avenue, Bolton, Greater Manchester BL2 6HY3
£92K05/210.48 mi28, Rawcliffe Avenue, Bolton, Greater Manchester BL2 6JX3
£158.5K09/210.49 mi14, Poulton Avenue, Bolton, Greater Manchester BL2 6EQ3
£146K06/210.49 mi12, Poulton Avenue, Bolton, Greater Manchester BL2 6EQ3
£65K04/210.49 mi80, Greenroyd Avenue, Bolton, Greater Manchester BL2 5DG3
£183K08/210.49 mi1, Warbreck Close, Bolton, Greater Manchester BL2 6GY3
£160K12/200.51 mi8, Tarbet Drive, Bolton, Greater Manchester BL2 6LT3
£134K11/200.51 mi44, Tarbet Drive, Bolton, Greater Manchester BL2 6LT3

Local Rents

13 rents from £795/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85004/240.27 miHighwood Close, Breightmet, Bolton, Lancashire. **3
£92503/250.36 mi-3
£79503/240.38 miKentmere Road, Breightmet3
£1,00002/240.41 mi-3
£85004/240.42 miWinchester Way, Bolton, BL23
£85005/240.42 miWinchester Way, Bolton, BL23
£90005/240.43 miRochester Avenue, Breightmet, Bolton3
£90004/240.48 miLevens Drive, Bolton, Greater Manchester, BL2 5EJ3
£90005/240.48 miLevens Drive, Bolton, Greater Manchester, BL2 5EJ3
£99502/240.49 mi-3
£1,20003/250.55 mi-3
£1,20003/250.56 mi-3
£87503/240.6 miRed Lane, Breightmet, Bolton3

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

3.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £192,500

December 10, 2024

Floor Plans

Description

  • Extended three bedroom semi +
  • Spacious (extended) kitchen +
  • Generous open plan lounge/diner +
  • External lean to garden building +
  • Wet/shower rm, seperate WC +
  • Garage and driveway parking +
  • Potential to improve further STPP +
  • Modern gas combi C.H, wonderful home +

An extended three bedroom semi detached family home set in a consistently popular residential location with a particularly generously sized kitchen.The family home is within easy reach of popular schools, shops, local countryside, sporting clubs and within an easy reach of both Bolton and Bury town centres.

The accommodation on offer briefly comprises: reception hallway, generously sized open planned lounge/diner, spacious fitted kitchen complete with Range style cooker, first floor landing, three bedrooms, separate WC room and a wet/shower room. Externally there is a single garage served by a driveway providing additional private parking, a pretty front garden, a fully enclosed rear garden with a lean to single glazed garden building, which requires rebuilding/renovation.The property benefits from a modern gas combination central heating boiler and is double glazed (with the exclusion of the workshop/garden room).There property has been extended behind the garage to create a bigger kitchen and perhaps the space where the learn to garden building is now could be used as additional living space (subject to planning approval and development etc).There is a great deal to admire and superb potential to do more, in the first instance there is a walk through viewing video available to watch, then a personal viewing appointment can be arranged by calling Cardwells Estate Agents Bolton on , emailing; or visiting:

Agent Details

Cardwells Sales, Lettings, Management & Commercial, Bolton

01204 326650

Next Steps?

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