3 Bed Terraced House, Refurb/BRRR, Bolton, BL3 5RD, £180,000

Kylemore Avenue, Bolton, BL3 5RD - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~81 m²
+9 photos

ValuationOvervalued

Sold Prices£56.8K - £272.5K
Sold Prices/m²£890/m² - £2.8K/m²

 

 

Square Metres

~80.90 m²
Price/m²£2.2K/m²

Value Estimate

£141,764

 

 

End Value (After Refurb)

£168,700

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Refurb Costs

£34,208

Bridging Loan Interest

£4,725

Total Cash In

£96,983

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£168,700

Mortgage (After Refinance)

£126,525

Mortgage LTV

75%

Cash Left In

£96,983

Equity

£42,175

Rent Range

£800 - £2,250

Rent Estimate

£1,138

Running Costs/mo

£775

Cashflow/mo

£363

Cashflow/yr

£4,359

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £56.8K to £272.5K, average is £139K. £890/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£110K10/210.01 mi31, Kylemore Avenue, Bolton, Greater Manchester BL3 5RD3
£104K11/210.04 mi6, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH3
£199.9K03/210.06 mi12, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH3
£180K05/230.06 mi11, Hawthorne Road, Bolton, Greater Manchester BL3 5RE3
£150K12/200.07 mi82, Melbourne Road, Bolton, Greater Manchester BL3 5RW3
£165K06/230.07 mi70, Melbourne Road, Bolton, Greater Manchester BL3 5RW3
£190K02/210.07 mi4, Sunadale Close, Bolton, Greater Manchester BL3 5RS3
£250K08/210.1 mi45, Wigan Road, Bolton, Greater Manchester BL3 5QH3
£270K01/230.1 mi63, Wigan Road, Bolton, Greater Manchester BL3 5QH3
£110K01/210.14 mi17, Clunton Avenue, Bolton, Greater Manchester BL3 4HD3
£150K01/230.15 mi223, Willows Lane, Bolton, Greater Manchester BL3 4HE3
£131.5K07/210.16 mi195, Willows Lane, Bolton, Greater Manchester BL3 4AZ3
£119.8K11/210.17 mi289, Willows Lane, Bolton, Greater Manchester BL3 4HH3
£165K06/230.17 mi10, Greenhill Avenue, Bolton, Greater Manchester BL3 4HB3
£125K04/230.19 mi41, Park View Road, Bolton, Greater Manchester BL3 4BE3
£131K10/210.22 mi6, Beresford Avenue, Bolton, Greater Manchester BL3 5QD3
£94K03/230.22 mi8, Lenora Street, Bolton, Greater Manchester BL3 4EZ3
£110K01/230.23 mi1, Chestnut Close, Bolton, Greater Manchester BL3 4DR3
£168.7K11/220.24 mi12, Whiteland Avenue, Bolton, Greater Manchester BL3 5QB3
£120K03/210.24 mi356, Deane Church Lane, Bolton, Greater Manchester BL3 4EU3
£100K05/210.24 mi300, Deane Church Lane, Bolton, Greater Manchester BL3 4EU3
£143K04/230.24 mi34a, Cambria Street, Bolton, Greater Manchester BL3 4DE3
£105K05/210.27 mi37, Mercia Street, Bolton, Greater Manchester BL3 4BZ3
£65K10/210.28 mi63, Bankfield Street, Bolton, Greater Manchester BL3 5NA3
£130K06/210.29 mi185, Deane Church Lane, Bolton, Greater Manchester BL3 4EN3
£135K03/210.32 mi51, Bankfield Street, Bolton, Greater Manchester BL3 5ND3
£137K10/210.34 mi129, Deane Church Lane, Bolton, Greater Manchester BL3 4EQ3
£82K03/230.37 mi21, Minnie Street, Bolton, Greater Manchester BL3 4EF3
£110K06/210.39 mi50, Hulton Lane, Bolton, Greater Manchester BL3 4JB3
£56.8K03/230.39 mi42, Hulton Lane, Bolton, Greater Manchester BL3 4JB3
£141K06/210.41 mi308, Deane Road, Bolton, Greater Manchester BL3 5HH3
£160K09/210.44 mi88, Hulton Lane, Bolton, Greater Manchester BL3 4JD3
£97K08/230.44 mi122, Hulton Lane, Bolton, Greater Manchester BL3 4JD3
£167.5K02/210.47 mi11, Frinton Road, Bolton, Greater Manchester BL3 3TQ3
£112.1K12/220.48 mi2, Lindrick Terrace, Bolton, Greater Manchester BL3 5ET3
£210.5K12/220.49 mi4, Broxton Avenue, Bolton, Greater Manchester BL3 3TG3
£160K05/230.49 mi390, Derby Street, Bolton, Greater Manchester BL3 6LS3
£100K03/210.49 mi12, Platt Hill Avenue, Bolton, Greater Manchester BL3 4JR3
£155K02/210.51 mi9, Harbury Close, Bolton, Greater Manchester BL3 4JY3
£173K08/210.52 mi5, Edge Hill Road, Bolton, Greater Manchester BL3 3TF3
£212K10/200.53 mi21, Westerdale Drive, Bolton, Greater Manchester BL3 4QQ3
£272.5K07/210.53 mi19, Westerdale Drive, Bolton, Greater Manchester BL3 4QQ3
£170K04/230.53 mi23, Woodbine Road, Bolton, Greater Manchester BL3 3JH3
£147.5K06/210.56 mi187, Ellesmere Road, Bolton, Greater Manchester BL3 3JN3
£200K02/210.57 mi16, Cambourne Drive, Bolton, Greater Manchester BL3 4QF3
£179K08/210.57 mi10, Vigo Avenue, Bolton, Greater Manchester BL3 3TE3
£125K04/230.58 mi43, Sloane Street, Bolton, Greater Manchester BL3 3LT3
£121K04/210.6 mi16, Peveril Street, Bolton, Greater Manchester BL3 3LR3
£106K02/210.61 mi90, Longfield Road, Bolton, Greater Manchester BL3 3SZ3
£155K06/210.62 mi414, St Helens Road, Bolton, Greater Manchester BL3 3RR3

Local Rents

16 rents from £800/mo to £2.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,35001/250.05 mi-3
£85012/240.16 mi-3
£95003/250.18 mi-3
£80003/250.25 mi-3
£90001/250.45 mi-3
£99512/240.7 mi-3
£99503/240.89 mi29 Harrow Street, Bolton, BL1 4NH3
£2,25003/240.97 mi-3
£1,30012/240.99 miFenton Way, Bolton, BL33
£1,15004/241.08 miDorrian Mews, Heaton3
£1,00008/241.1 mi-3
£88011/241.16 mi-3
£1,00004/241.16 miMarsden House, Marsden Road, Bolton3
£1,35002/251.16 mi-3
£1,30003/241.22 mi-3
£1,30003/241.22 mi-3

Local Area Statistics

Population in BL3

63,785

Population in Bolton

217,471

Town centre distance

1.75 miles away

Nearest school

0.10 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £180,000

January 15, 2025

Floor Plans

Description

This house has been recently renovated, ensuring that it meets the needs of contemporary living while retaining its historical charm. The renovations have enhanced the property, providing a fresh and inviting atmosphere throughout.

The location on Kylemore Avenue is particularly appealing, offering a friendly community vibe while being conveniently close to local amenities, schools, and parks. This makes it an excellent choice for families or anyone looking to enjoy the benefits of suburban life with easy access to the vibrant town centre of Bolton.

Whether you are a first-time buyer or looking to invest in a property with character and modern updates, this mid-terrace house is a wonderful opportunity.

Agent Details

Open House Estate Agents, Bolton

01204 326572

Next Steps?

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