2 Bed Flat, Single Let, Bolton, BL6 5QE, £85,000

Chorley New Road, Horwich, Bolton, BL6 5QE - 4 views - 4 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£62K - £180K
Sold Prices/m²£1.1K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£102,850
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£550 - £995

Rent Estimate

£622

Running Costs/mo

£410

Cashflow/mo

£212

Cashflow/yr

£2,544

ROI

10%

Gross Yield

9%

Local Sold Prices

36 sold prices from £62K to £180K, average is £110.5K. £1.1K/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£76.5K12/200.26 mi43, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT2
£89K03/240.26 mi35, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT2
£76K04/210.26 mi51, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT2
£84K07/210.26 mi50, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT2
£85K09/220.28 mi63, Cooper Street, Horwich, Bolton, Greater Manchester BL6 7AT2
£148K03/230.42 mi219, Crown Lane, Horwich, Bolton, Greater Manchester BL6 7QR2
£105K10/210.61 mi3, Angelbank, Horwich, Bolton, Greater Manchester BL6 5GX2
£100K12/200.61 mi11, Angelbank, Horwich, Bolton, Greater Manchester BL6 5GX2
£100.5K08/210.61 mi19, Angelbank, Horwich, Bolton, Greater Manchester BL6 5GX2
£110K06/220.74 mi37, Owsten Court, Horwich, Bolton, Lancashire BL6 5HL2
£105K01/230.74 mi40, Owsten Court, Horwich, Bolton, Lancashire BL6 5HL2
£98K09/220.82 mi22, Dale Street West, Horwich, Bolton, Greater Manchester BL6 6JU2
£96K11/200.83 mi17, Napier Drive, Horwich, Bolton, Greater Manchester BL6 6FZ2
£83K10/220.87 mi5, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX2
£75K05/230.87 mi3, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX2
£73K06/230.87 mi12, Mulberry Court, Horwich, Bolton, Greater Manchester BL6 6DX2
£135K06/220.94 mi5, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS2
£132.5K10/221.05 mi35, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN2
£161K01/231.05 mi23, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN2
£135K12/231.05 mi16, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN2
£110K07/221.05 mi22, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN2
£140K02/231.05 mi36, Kiers Court, Horwich, Bolton, Greater Manchester BL6 6TN2
£180K04/211.05 mi38, Wallsuches, Horwich, Bolton, Greater Manchester BL6 6TT2
£175K09/231.06 mi1, Bentley Brook Close, Horwich, Bolton, Greater Manchester BL6 6TR2
£62K06/211.09 mi16a, Ainsworth Avenue, Horwich, Bolton, Greater Manchester BL6 6LZ2
£120K09/211.09 mi57, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH2
£125K10/221.09 mi55, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH2
£110K08/221.3 mi9, Greenbarn Way, Blackrod, Bolton, Greater Manchester BL6 5TA2
£127.5K06/231.3 mi15, Greenbarn Way, Blackrod, Bolton, Greater Manchester BL6 5TA2
£125K02/241.31 mi16, Corston Grove, Blackrod, Bolton, Greater Manchester BL6 5TB2
£119K11/201.32 mi23, Widford Walk, Blackrod, Bolton, Greater Manchester BL6 5TD2
£118K02/211.49 mi3, Marchwood Close, Blackrod, Bolton, Greater Manchester BL6 5GG2
£135K09/231.49 mi5, Marchwood Close, Blackrod, Bolton, Greater Manchester BL6 5GG2
£132.5K09/221.53 mi129, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG2
£111K06/211.55 mi137, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG2
£116.3K05/221.69 mi111, Lostock Lane, Lostock, Bolton, Greater Manchester BL6 4GG2

Local Rents

16 rents from £550/mo to £995/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£75002/250.05 mi-2
£79503/250.07 mi-2
£80012/240.21 miJulia Mews, Horwich, BL62
£99512/240.22 miLee Lane, Horwich, Bolton, BL62
£82512/240.24 mi-2
£57512/240.29 miChorley New Road, Horwich2
£89502/250.3 mi-2
£70012/240.33 miChorley New Road, Horwich, Bolton2
£67501/250.33 mi-2
£75012/240.34 miWatt Street, Bolton, BL62
£75012/240.36 miDickinson Street West, Horwich2
£85002/250.36 mi-2
£55012/240.38 mi-2
£79512/240.39 mi-2
£80002/250.52 mi-2
£99503/250.6 mi-2

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

3.03 miles away

Nearest school

0.30 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £85,000

December 12, 2024

Floor Plans

Description

  • Two Bedroom Top Floor Apartment +
  • Secure Gated Parking +
  • Easy Access to M61 Motorway Network +
  • Views onto Rivington Park +
  • Low Service Charge +
  • Ideal Investment/First Time Buyer Property +
  • Large Master Bedroom with Beamed Ceiling +
  • Close to All Local Amenities +
  • Secure Storage Basement +
  • Close to Middlebrook Retail Leisure Park +

Step into modern living with this stunning two-bedroom top floor apartment located in a prime location offering convenience and style. Situated in a secure gated development with allocated parking, this immaculately finished property is a true gem for both investors and first-time buyers alike. Boasting views overlooking the beautiful Rivington Park, this contemporary residence provides easy access to the renowned Middlebrook Retail & Leisure Park and the M61 motorway network, making it an ideal choice for those seeking a blend of tranquillity and accessibility. The property features a large master bedroom with a charming beamed ceiling, a testament to the attention to detail found throughout. With a low service charge, secure storage basement, and proximity to all local amenities, this apartment offers a perfect blend of comfort, convenience, and modern features for discerning buyers.

Step outside to discover the bustling town. This property boasts one private allocated parking space with secure gated entry, providing both convenience and security for residents. The external features of this residence further enhance the modern lifestyle it offers, ensuring that every aspect of living in this apartment is designed with the utmost consideration for comfort and peace of mind. Whether you're looking to enjoy a quiet evening under the stars or host a gathering with friends, the outside space of this apartment is tailored to meet your lifestyle needs. With a perfect blend of modernity and functionality, this property is a haven for those seeking a contemporary urban sanctuary with a touch of luxury and exclusivity.

EPC Rating: D

Agent Details

Movuno, Bolton

01204 654525

Next Steps?

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