4 Bed HMO, Bolton, BL1 6HE £150,000

1 Church Road, Bolton, Lancashire, BL1 6HE - 13 views - 9 months ago
Sold STC
Leasehold
Auction
HMO
Inside Article 4
ROI: 2%
~120 m²
Property image

ValuationUndervalued

Sold Prices£107K - £640K
Sold Prices/m²£1.1K/m² - £5K/m²

 

 

Square Metres

~120.31 m²
Price/m²£1.2K/m²

Value Estimate

£181,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Room Rate

£300

Gross Rent

£1,200

Running Costs/mo

£1,140

Cashflow/mo

£60

Cashflow/yr

£725

ROI

2%

Gross Yield

10%

Local Sold Prices

41 sold prices from £107K to £640K, average is £340K. £1.1K/m² to £5K/m², average is £2.8K/m².

Price
Date
Distance
Address
Beds
 
£260K03/250.11 mi68, Bennetts Lane, Bolton BL1 6HY4
£241.5K04/230.14 mi1, Bennetts Lane, Bolton, Greater Manchester BL1 6HY4
£500K07/230.2 mi130, Church Road, Bolton, Greater Manchester BL1 6HH4
£515K06/250.3 mi7, Milnholme, Bolton BL1 6TB4
£515K06/250.3 mi7, Milnholme, Bolton BL1 6TB4
£500K12/240.31 mi4, Milnholme, Bolton BL1 6TB4
£264K10/230.34 mi7, Hill Bank Close, Bolton, Greater Manchester BL1 8BB4
£475K06/210.35 mi8, Smithills Dean Road, Bolton, Greater Manchester BL1 6JN4
£305K01/250.4 mi8, Nuffield Close, Bolton BL1 5GY4
£255K08/230.41 mi32, Temple Road, Bolton, Greater Manchester BL1 3LT4
£265K01/230.45 mi1, Woodburn Drive, Bolton, Greater Manchester BL1 6NH4
£305K12/240.48 mi6, Windsor Gardens, Bolton BL1 4EY4
£395K05/250.48 mi1, Balmoral Avenue, Bolton BL1 5UY4
£395K05/250.48 mi1, Balmoral Avenue, Bolton BL1 5UY4
£640K03/250.53 mi59, Smithills Croft Road, Bolton BL1 6TX4
£640K03/250.53 mi59, Smithills Croft Road, Bolton BL1 6TX4
£300K03/230.55 mi25a, Thorns Close, Bolton, Greater Manchester BL1 6PE4
£406K09/230.65 mi64, Redcar Road, Bolton, Greater Manchester BL1 6LL4
£412K10/230.68 mi610, Chorley Old Road, Bolton, Greater Manchester BL1 6BH4
£301K04/230.7 mi8, Eden Grove, Bolton, Greater Manchester BL1 6NY4
£330K02/230.7 mi7, Dryburgh Avenue, Bolton, Greater Manchester BL1 6PA4
£240K11/210.71 mi75, New Hall Lane, Bolton, Greater Manchester BL1 5LF4
£330K05/230.73 mi46, Sherbourne Road, Bolton, Greater Manchester BL1 5NW4
£322.5K10/220.73 mi17, Oakenclough Drive, Bolton, Greater Manchester BL1 5QY4
£120K11/210.75 mi102, Halliwell Road, Bolton, Greater Manchester BL1 3QN4
£443K03/250.76 mi109, New Hall Lane, Bolton BL1 5HQ4
£340K04/230.76 mi14, Easedale Road, Bolton, Greater Manchester BL1 5LL4
£107K08/210.78 mi6, Petersfield Walk, Bolton, Greater Manchester BL1 2XG4
£465K04/230.8 mi46, Rydal Road, Bolton, Greater Manchester BL1 5LJ4
£325K07/250.8 mi17, Kingsbury Avenue, Bolton BL1 5NR4
£360K09/230.81 mi3, Ash Lawns, Bolton, Greater Manchester BL1 4PD4
£160K11/210.82 mi19, Huntingdon Walk, Bolton, Greater Manchester BL1 3QX4
£464K08/230.83 mi13, Carlton Road, Bolton, Greater Manchester BL1 5HU4
£490K12/220.83 mi17, Carlton Road, Bolton, Greater Manchester BL1 5HU4
£600K11/240.84 mi6, Cinder Lane, Bolton BL1 7LZ4
£270K09/210.85 mi6, Lightburne Avenue, Bolton, Greater Manchester BL1 4PL4
£512K10/220.85 mi6, Borrowdale Avenue, Bolton, Greater Manchester BL1 5HN4
£575K07/250.86 mi223, Greenmount Lane, Bolton BL1 5JB4
£300K12/240.87 mi800, Chorley Old Road, Bolton BL1 5SJ4
£579.6K10/220.93 mi17, Glentress Mews, Bolton, Greater Manchester BL1 5JS4
£297K09/230.99 mi29, Fifth Avenue, Bolton, Greater Manchester BL1 4LX4

Local Area Statistics

Population in BL1

63,206

Population in Bolton

217,471

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Price changed to £150,000

March 4, 2025

Price changed to £160,000

February 20, 2025

Listed for £170,000

February 3, 2025

Floor Plans

Property image

Description

  • TO BE SOLD BY ONLINE AUCTION +
  • Ideal for Buy-to-Let +
  • Excellent Transport Links +
  • Spacious Accommodation +
  • Potential for HMO +
  • Vacant Possession +

TO BE SOLD BY ONLINE AUCTION ON 5TH MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS. 1 Church Road, Bolton, Lancashire, BL1 6HE This four-bedroom, three-storey end-terrace is offered with vacant possession, making it an excellent opportunity for buy-to-let investors. The property is in good condition and well-suited for the rental market. It also presents potential for conversion into a House in Multiple Occupation (HMO), subject to the necessary planning consents.

Rental values in the area are approximately £1,200 per month.

The accommodation comprises a reception room and kitchen on the ground floor. The first floor features two double bedrooms and a family bathroom, while the second floor offers two further double bedrooms.

Here are some similar properties taken from Land Registry which have sold close by: 65 Church Road, Bolton, BL1 5RR Sold - 20/12/2022 £285,000 Terraced 4 beds 0.48 mi 2 Hill Bank Close, Bolton, BL1 8BB Sold - 30/01/2023 £295,000 Terraced 4 beds 0.35 mi 1 Bennetts Lane, Bolton, BL1 6HY Sold - 13/04/2023 £241,500 Terraced 4 beds 0.23 mi

Conveniently situated in Smithills, Bolton, the property is close to a variety of local amenities, including shops, schools, and transport links. It offers excellent access to Bolton town centre and the wider Greater Manchester area, making it a desirable location for both residential and investment purposes. EPC rating: D Sold as seen.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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