4 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 5LT, £135,000

Codale Drive, Bolton, BL2 5LT - 3 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
~129 m²
+19 photos

ValuationFair Value

Sold Prices£120K - £675K
Sold Prices/m²£1K/m² - £5.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1K/m²

Value Estimate

£137,700

 

 

End Value (After Refurb)

£238,192

Uplift in Value

+76%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£54,655

Bridging Loan Interest

£3,544

Total Cash In

£98,949

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£238,192

Agent Fees (1%)

£2,382

Bridging Loan

£101,250

Bridging Loan Interest

£3,544

Flip Profit

£35,611

Local Sold Prices

26 sold prices from £120K to £675K, average is £281K. £1K/m² to £5.4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£250K02/230.27 mi169, Withins Lane, Bolton, Greater Manchester BL2 5EB4
£215K10/210.32 mi88, Red Lane, Bolton, Greater Manchester BL2 5EL4
£260K07/230.45 mi692, Bury Road, Bolton, Greater Manchester BL2 6JD4
£225K01/210.47 mi1, Deepdale Gardens, Bolton, Greater Manchester BL2 5BD4
£302K11/220.61 miLower Goodwin Fold Farm, Lower Goodwin Fold, Bolton, Greater Manchester BL2 4JN4
£415K02/210.63 miFive Trees, Lower Goodwin Fold, Bolton, Greater Manchester BL2 4JN4
£307.5K04/230.71 mi4, Darvel Close, Bolton, Greater Manchester BL2 6UD4
£287K11/220.71 mi3, Darvel Close, Bolton, Greater Manchester BL2 6UD4
£289K02/210.72 mi14, Orchard Gardens, Bolton, Greater Manchester BL2 3PS4
£120K02/210.72 mi6, Moffat Close, Bolton, Greater Manchester BL2 6UA4
£220K11/200.73 mi54, Ferndown Road, Bolton, Greater Manchester BL2 3NN4
£375K07/230.74 mi57, Christchurch Lane, Bolton, Greater Manchester BL2 3QE4
£380K12/220.76 mi8, Ashurst Close, Bolton, Greater Manchester BL2 3PE4
£310K11/220.78 mi14, Kilbride Avenue, Bolton, Greater Manchester BL2 6UQ4
£220K01/210.78 mi34, South Drive, Bolton, Greater Manchester BL2 3NL4
£240K02/210.79 mi16, Kilmory Drive, Bolton, Greater Manchester BL2 6UG4
£170K03/230.82 mi7, Doris Avenue, Bolton, Greater Manchester BL2 6DB4
£365K09/210.86 mi14, Sandown Road, Bolton, Greater Manchester BL2 3QB4
£275K11/200.86 mi12, Sandown Road, Bolton, Greater Manchester BL2 3QB4
£255K12/220.87 mi5, Bideford Drive, Bolton, Greater Manchester BL2 6TE4
£675K05/230.89 mi144, Hardy Mill Road, Harwood, Bolton, Greater Manchester BL2 3PJ4
£425K01/230.9 mi17, Ainsworth Hall Road, Ainsworth, Bolton, Greater Manchester BL2 5RY4
£415K02/230.9 mi20, Fellside, Bolton, Greater Manchester BL2 4HB4
£255K07/230.94 mi17, Willand Close, Bolton, Greater Manchester BL2 6TQ4
£340K03/210.95 mi19, Bryngs Drive, Bolton, Greater Manchester BL2 3PG4
£225K12/200.99 mi4, Widcombe Drive, Bolton, Greater Manchester BL2 6TJ4

Local Rents

17 rents from £595/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£85004/240.19 miHighwood Close, Breightmet, Bolton, Lancashire. **3
£92503/250.28 mi-3
£79503/240.29 miKentmere Road, Breightmet3
£1,00002/240.34 mi-3
£90005/240.36 miRochester Avenue, Breightmet, Bolton3
£85004/240.36 miWinchester Way, Bolton, BL23
£85005/240.36 miWinchester Way, Bolton, BL23
£90004/240.4 miLevens Drive, Bolton, Greater Manchester, BL2 5EJ3
£90005/240.4 miLevens Drive, Bolton, Greater Manchester, BL2 5EJ3
£99502/240.42 mi-3
£59502/240.43 mi-4
£1,10003/240.48 miLimetree Drive, Harwood, BOLTON, BL24
£1,15004/240.51 miSt. James Avenue, Bolton, BL2 6HY4
£1,20003/250.52 mi-3
£1,20003/250.52 mi-3
£87503/240.53 miRed Lane, Breightmet, Bolton3
£1,29503/240.61 miRusland Drive, Bolton4

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

3.84 miles away

Nearest school

0.10 miles away

Nearest train station

1.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £135,000

February 4, 2025

Floor Plans

Description

  • Four bedroom extended semi detached property +
  • Two reception rooms +
  • Three bathrooms +
  • Utility room +
  • Large garden to front and rear +
  • Potential to become and fabulous family home as needs a little modernisation +
  • Auction guide price of £135,000 plus reservation fee +
  • Close to good schools both primary and secondary +
  • Excellent opportunity for people looking to upsize +

*FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £135,000 PLUS RESERVATION FEE* Nestled in a desirable location lies this charming 4-bedroom semi-detached house awaiting its new owners. Boasting an extension that adds a touch of modern flair, this property offers two reception rooms, three bathrooms, and a convenient utility room. The sprawling layout of this home is further complemented by a large garden to the front and rear, promising ample space for outdoor activities and relaxation. With a potential to be transformed into a stunning family abode through a touch of modernisation, this property presents a unique opportunity for those craving a project with endless possibilities. The auction guide price of £135,000 plus reservation fee is a steal for a property in such a coveted area, surrounded by good schools for all ages and providing an excellent chance for families seeking to upsize and create lasting memories in a new home.

Stepping outside, the property impresses with a block paved driveway that can comfortably accommodate three vehicles, ensuring both convenience and practicality for the modern homeowner. A small artificial lawn and fence panel surround create a pleasant outdoor space that is both low-maintenance and visually appealing. The rear garden is divided into three tiers, each offering a different perspective of the surrounding greenery, while a fence panel surround maintains privacy and security for homeowners. Completing the outdoor setting, an outside hosepipe connection allows for easy maintenance and care of the garden, ensuring that the property remains in pristine condition all year round. In addition to the driveway, a second block paved area further enhances the exterior of the property, providing additional parking space or a versatile outdoor area for a variety of activities. Don't miss the opportunity to make this property your own and experience the lifestyle of your dreams in a home that offers both comfort and potential in equal measure. Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you. AML Disclaimer Please note it is a legal requirement that we require verified ID from purchasers before instructing a sale. Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors. Agents Note Under the 1979 Estate Agents Act we are obliged to inform all potential purchasers if the owner of this property is related to an employee of Wilcox Estate Agents Ltd. Agents Note We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Wilcox Estate Agents Ltd. IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. BUYERS INFORMATION To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Credas, which Wilcox Estate Agents Ltd will send your AML check. There is a nominal charge of £30 including VAT for this (per person), payable direct to Wilcox Estate Agents Ltd. Please note, we are unable to issue a memorandum of sale until the checks are complete. REFERRAL FEES We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Wilcox Estate Agents Ltd.

EPC Rating: C

Agent Details

Wilcox Estate Agents, Bolton

01204 803639

Next Steps?

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