3 Bed Terraced House, Refurb/BRRR, Bolton, BL1 6DQ, £155,000

Maple Avenue, BL1 6DQ - 7 views - 3 months ago

Under Offer
Leasehold
BTL
Refurb/BRRR
ROI: 6%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£75K - £260K
Sold Prices/m²£888/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£155,365

 

 

End Value (After Refurb)

£150,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£39,200

Bridging Loan Interest

£4,069

Total Cash In

£89,619

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,000

Mortgage (After Refinance)

£112,500

Mortgage LTV

75%

Cash Left In

£89,619

Equity

£37,500

Rent Range

£745 - £2,250

Rent Estimate

£1,174

Running Costs/mo

£724

Cashflow/mo

£450

Cashflow/yr

£5,405

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £75K to £260K, average is £156K. £888/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£135K04/230.03 mi24, Rushton Road, Bolton, Greater Manchester BL1 6DG3
£121K12/200.03 mi440, Chorley Old Road, Bolton, Greater Manchester BL1 6AG3
£85K05/210.09 mi19, Holly Grove, Bolton, Greater Manchester BL1 6DN3
£155K06/230.11 mi12, Merlin Grove, Bolton, Greater Manchester BL1 6BZ3
£140K11/210.13 mi3, Stanley Road, Bolton, Greater Manchester BL1 5JZ3
£108.5K03/210.14 mi14, Meliden Crescent, Bolton, Greater Manchester BL1 6AJ3
£170K07/230.14 mi7, Meliden Crescent, Bolton, Greater Manchester BL1 6AJ3
£219K05/210.15 mi26, Cope Bank, Bolton, Greater Manchester BL1 6DL3
£185K02/230.16 mi33, Thompson Road, Bolton, Greater Manchester BL1 6BU3
£82K01/210.18 mi276, Oxford Grove, Bolton, Greater Manchester BL1 4JH3
£162.5K08/210.2 mi33, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£154.9K06/210.2 mi63, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£157K02/230.2 mi92, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£147K12/200.2 mi10, Rathybank Close, Bolton, Greater Manchester BL1 6HA3
£128K02/230.22 mi1, Ash Grove, Bolton, Greater Manchester BL1 4QF3
£87K12/200.24 mi484, Chorley Old Road, Bolton, Greater Manchester BL1 6AB3
£180K05/230.25 mi27, Keighley Street, Bolton, Greater Manchester BL1 6EB3
£145K11/200.27 mi200, Valletts Lane, Bolton, Greater Manchester BL1 6DY3
£75K07/210.27 mi20, Cundey Street, Bolton, Greater Manchester BL1 3BT3
£162K03/230.29 mi11, Church Road, Bolton, Greater Manchester BL1 6HE3
£160K06/230.29 mi165, Church Road, Bolton, Greater Manchester BL1 6HH3
£210K09/210.3 mi139, Devonshire Road, Bolton, Greater Manchester BL1 5LD3
£260K07/210.3 mi141, Devonshire Road, Bolton, Greater Manchester BL1 5LD3
£140K03/210.31 mi11, Inverlael Avenue, Bolton, Greater Manchester BL1 4PT3
£86K04/210.31 mi63, Abbotsford Road, Bolton, Greater Manchester BL1 6AY3
£195K09/230.31 mi56, Abbotsford Road, Bolton, Greater Manchester BL1 6AY3
£100K12/200.31 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£168K09/230.31 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£100K12/200.32 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£84K11/200.33 mi107, Beverley Road, Bolton, Greater Manchester BL1 4DY3
£142K12/200.33 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£142K12/200.33 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£170K05/210.34 mi82, Bennetts Lane, Bolton, Greater Manchester BL1 6JE3
£142K12/200.34 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£215K04/210.35 mi80, Lowndes Street, Bolton, Greater Manchester BL1 4PR3
£213K03/230.35 mi102, Lonsdale Road, Bolton, Greater Manchester BL1 4PN3
£166K03/210.35 mi11, Trawden Avenue, Bolton, Greater Manchester BL1 6JD3
£250K03/230.36 mi9, Radley Close, Bolton, Greater Manchester BL1 5ND3
£115K04/230.36 mi106, Oxford Grove, Bolton, Greater Manchester BL1 3BH3
£220K09/230.37 mi30, Ainslie Road, Bolton, Greater Manchester BL1 5LU3
£102K11/200.37 mi4, Dilham Court, Bolton, Greater Manchester BL1 4UH3
£240K11/210.37 mi36, Welbeck Road, Bolton, Greater Manchester BL1 5LE3
£245K06/230.37 mi7, Welbeck Road, Bolton, Greater Manchester BL1 5LE3
£200K04/230.37 mi18, Welbeck Road, Bolton, Greater Manchester BL1 5LE3
£240K01/210.37 mi16, Welbeck Road, Bolton, Greater Manchester BL1 5LE3
£175.5K03/210.37 mi25, Conway Avenue, Bolton, Greater Manchester BL1 6AZ3
£130K12/200.38 mi164, Hughes Street, Bolton, Greater Manchester BL1 3EZ3
£162.5K06/230.38 mi133, Hughes Street, Bolton, Greater Manchester BL1 3EZ3
£135K04/230.38 mi12, Bashall Street, Bolton, Greater Manchester BL1 4HL3
£200K11/210.38 mi77, Crosby Road, Bolton, Greater Manchester BL1 4EJ3

Local Rents

12 rents from £745/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89503/240.1 miMerlin Grove, Bolton3
£1,20003/250.13 mi-3
£74504/240.15 miChorley Old Road, Bolton3
£1,10003/250.24 mi-3
£95003/240.4 miMoorland Grove, Smithills, Bolton, Greater Manchester, ., BL13
£1,30003/240.4 mi-3
£1,30003/240.4 mi-3
£1,35012/240.4 mi-3
£2,25003/240.42 mi-3
£95004/240.42 miAdrian Road, Bolton, BL13
£1,20003/240.49 miChorley Old Road, Bolton, BL13
£99503/240.49 mi29 Harrow Street, Bolton, BL1 4NH3

Local Area Statistics

Population in BL1

63,206

Population in Bolton

217,471

Town centre distance

0.86 miles away

Nearest school

0.30 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £155,000

January 30, 2025

Description

  • Great investment opportunity +
  • Mid of three +
  • Two reception rooms +
  • Three bedrooms +
  • Fitted kitchen +
  • Two piece bathroom plus separate WC +
  • Double glazed where stated +
  • Gardens to front and rear +
  • No chain +
  • Viewing a must +

Karen Ritchie Estates are delighted to be instructed with the sale of this mature mid of three property. The property is situated in the ever popular area of BL1 and is on the doorstep for all excellent local amenities to include shops, schools and commuting access. The property is ideally offered with no chain and must be internally and externally viewed to fully appreciate. Although the property is in need of full renovation it offers great potential for either first time buyers or buy to let investors. The property briefly comprises of entrance hall, lounge, second reception room, fitted kitchen, three bedrooms, two piece bathroom plus separate WC. The property also benefits from double glazing and gardens to front and rear.

Ground Floor
Entrance Hall - double glazed window and door to front giving access to entrance hall with useful under stairs storage and stairs to first floor.
Lounge - wall mounted gas fire and double glazed bay window to front.
Second Reception Room - wall mounted gas fire and double glazed window overlooking rear garden.
Kitchen - full range of wall and base units with moulded work surfaces housing stainless steel sink and splash back tiling to complement. Appliances to include electric hob, plumbed for automatic washer, double glazed window and door to rear.

First Floor
Bedroom One - twin fitted storage and double glazed window to front.
Bedroom Two - storage cupboard housing tank and double glazed window to rear
Bedroom Three - double glazed window to front.
Bathroom - two piece suite comprising of panel bath with over bath shower, hand wash basin, tiled elevation and double glazed window to rear.
Separate WC - WC and double glazed window to rear.
Landing - loft access.

Surrounding the Property
To the front of the property is garden fronted. To the rear of the property is laid lawn, patio area and well stocked mature borders with a variety of plants, trees and shrubbery. Also to the rear is gate giving bin access.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Karen Ritchie, Bolton

01204 326941

Next Steps?

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