2 Bed Terraced House, Refurb/BRRR, Bolton, BL2 2LG, £85,000

89 Moorfield Grove, Bolton - 2 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 7%
~68 m²
+12 photos

ValuationFair Value

Sold Prices£45K - £170.5K
Sold Prices/m²£776/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£86,700

 

 

End Value (After Refurb)

£87,278

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£28,800

Bridging Loan Interest

£2,231

Total Cash In

£59,481

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£87,278

Mortgage (After Refinance)

£65,459

Mortgage LTV

75%

Cash Released

£1,709

Cash Left In

£57,773

Equity

£21,820

Rent Range

£725 - £995

Rent Estimate

£815

Running Costs/mo

£456

Cashflow/mo

£359

Cashflow/yr

£4,311

ROI

7%

Gross Yield

12%

Local Sold Prices

50 sold prices from £45K to £170.5K, average is £107.3K. £776/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£77K05/230.02 mi95, Moorfield Grove, Bolton, Greater Manchester BL2 2LG2
£85.8K04/210.02 mi53, Moorfield Grove, Bolton, Greater Manchester BL2 2LG2
£120K12/220.04 mi239, Tonge Moor Road, Bolton, Greater Manchester BL2 2HR2
£107.5K07/210.04 mi5, Pegamoid Street, Bolton, Greater Manchester BL2 2LB2
£90K08/210.09 mi14, Moorfield Grove, Bolton, Greater Manchester BL2 2LQ2
£105K01/210.1 mi115, Eldon Street, Bolton, Greater Manchester BL2 2JF2
£87K12/200.1 mi197, Tonge Moor Road, Bolton, Greater Manchester BL2 2HR2
£73K03/210.1 mi14, Eccleston Avenue, Bolton, Greater Manchester BL2 2LD2
£129.9K06/210.17 mi24, Tintern Avenue, Bolton, Greater Manchester BL2 2NR2
£160K12/220.19 mi52, Le Gendre Street, Bolton, Greater Manchester BL2 2NT2
£77.5K12/200.22 mi51, Brief Street, Bolton, Greater Manchester BL2 2LY2
£76K03/210.22 mi53, Brief Street, Bolton, Greater Manchester BL2 2LY2
£140K05/230.25 mi281, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN2
£108K04/210.25 mi281, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN2
£142.5K07/230.26 mi39, Tonge Park Avenue, Bolton, Greater Manchester BL2 2QR2
£105K08/210.28 mi433, Tonge Moor Road, Bolton, Greater Manchester BL2 2JS2
£94K11/200.28 mi429, Tonge Moor Road, Bolton, Greater Manchester BL2 2JS2
£70K11/200.28 mi17, Pole Street, Bolton, Greater Manchester BL2 2DY2
£90K08/210.29 mi5, Glaisdale Close, Bolton, Greater Manchester BL2 2HW2
£63K12/200.3 mi33, George Barton Street, Bolton, Greater Manchester BL2 2EQ2
£85.5K08/210.32 mi3, Huntroyde Avenue, Bolton, Greater Manchester BL2 2ET2
£45K12/200.32 mi10, Angle Street, Bolton, Greater Manchester BL2 2EH2
£102.5K11/210.33 mi202, Ainsworth Lane, Bolton, Greater Manchester BL2 2QJ2
£93K04/230.34 mi25, Tonge Moor Road, Bolton, Greater Manchester BL2 2DH2
£130K06/210.36 mi50, Alexander Road, Bolton, Greater Manchester BL2 2QZ2
£124.5K09/210.37 mi27, Bristol Avenue, Bolton, Greater Manchester BL2 2QP2
£95K11/200.37 mi13, Bristol Avenue, Bolton, Greater Manchester BL2 2QP2
£125K07/230.37 mi489, Tonge Moor Road, Bolton, Greater Manchester BL2 3BG2
£160K02/230.39 mi18, Shawcroft View, Bolton, Greater Manchester BL1 8UU2
£80K05/210.4 mi14, River View Court, Bolton, Greater Manchester BL2 2GY2
£95.6K08/210.4 mi24, Hall Ith'wood Lane, Bolton, Greater Manchester BL2 3BB2
£117.5K12/200.41 mi26, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£117.5K12/200.41 mi28, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£170.5K12/200.41 mi4, Firwood Stables, Bolton, Greater Manchester BL2 3AQ2
£152.5K02/210.42 mi10, Firwood Fold, Bolton, Greater Manchester BL2 3AG2
£120.8K06/230.5 mi597, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£120K04/230.5 mi561, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£110K08/210.56 mi14, East Way, Bolton, Greater Manchester BL1 8SR2
£120K01/230.57 mi621, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£89K01/230.59 mi66, Jethro Street, Bolton, Greater Manchester BL2 2PL2
£112.5K03/210.6 mi74, Jethro Street, Bolton, Greater Manchester BL2 2PL2
£135K11/200.62 mi7, Cleveleys Avenue, Bolton, Greater Manchester BL2 2TB2
£107K03/210.62 mi652, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£120.5K02/210.62 mi668, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£120K12/200.62 mi632, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£70K11/200.64 mi64, Ainsworth Lane, Bolton, Greater Manchester BL2 2PN2
£159K01/230.66 mi66, Pimlott Road, Bolton, Greater Manchester BL1 8TW2
£103.5K02/230.66 mi122, Pimlott Road, Bolton, Greater Manchester BL1 8TW2
£141.5K01/230.67 mi3, Ripley Street, Bolton, Greater Manchester BL2 3AR2
£65K04/210.69 mi9, Brookfield Street, Bolton, Greater Manchester BL2 6AE2

Local Rents

48 rents from £725/mo to £995/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£90004/250 mi-2
£75003/240.02 miMoorfield Grove, Bolton2
£77504/240.08 miTonge, Bolton, BL2 2LQ2
£75005/240.1 mi102 Eldon Street,Bolton,BL22
£79503/240.11 miTonge Moor Road, Bolton, BL22
£75004/240.11 mi-2
£75004/240.11 mi-2
£75003/240.11 miWemsley Grove, Bolton, BL22
£75003/240.11 miWemsley Grove, Bolton, BL22
£95004/240.14 miTintern Avenue, Bolton, Greater Manchester, BL2 2NR2
£79504/240.26 miTonge Park Avenue, Bolton2
£87511/240.29 mi-2
£75012/230.29 mi-2
£75003/240.3 miGeorge Barton Street, Bolton2
£82503/240.31 miTonge Moor Road, Bolton2
£85003/250.33 mi-2
£75005/240.35 miTongemoor Road, Bolton, BL22
£75005/240.35 mi-2
£77501/250.37 mi-2
£79503/240.38 miAinsworth Lane, Bolton2
£79504/240.38 miAinsworth Lane, Bolton2
£99504/240.38 miKentfield Drive, Bolton, BL1 8FU2
£85004/240.4 mi-2
£85005/240.4 mi-2
£95005/240.4 mi-2
£90012/230.4 mi-2
£85003/240.4 miHighcroft, Bolton, BL12
£82502/240.49 mi-2
£87504/250.5 mi-2
£79503/240.52 miTonge Moor Road, Bolton2
£79505/240.52 miTonge Moor Road, Bolton2
£85004/240.53 miAstley Brook Close, Bolton, BL12
£75003/240.53 miRowton Street, Bolton, BL22
£95012/240.53 mi-2
£90001/250.53 mi-2
£80003/240.53 miAstley Brook Close, Bolton, Greater Manchester, BL12
£75004/240.53 miAstley Brook Close Bolton Lancashire2
£85004/240.54 mi-2
£85003/240.54 miAstley Brook Close, Bolton, BL12
£80001/250.54 mi-2
£82504/240.57 miWaterside Gardens, Bolton2
£75003/240.57 miWaterside Gardens, Bolton2
£84512/240.57 mi-2
£87003/250.57 mi-2
£80011/230.59 mi-2
£72504/240.59 miJethro Street, Bolton2
£75005/240.61 miJethro Street, Bolton2
£75012/230.62 mi-2

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

2.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Price changed to £85,000

March 20, 2025

Listed for £90,000

February 12, 2025

Floor Plans

Description

  • Auction guide price of £85,000 plus reservation fee +
  • Two bedrooms both with fitted wardrobes +
  • Three piece bathroom suite with shower over the bath +
  • Off road parking to the rear for one vehicle +
  • New roof +
  • Recently installed boiler +
  • Perfect first time buyer property or investment opportunity +
  • New flooring throughout +
  • Some modernisation required +
  • Close to local amenities and schools, both primary and secondary +

*FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £85,000 PLUS RESERVATION FEE* Nestled in a quaint street, this charming 2-bedroom terraced house is a hidden gem awaiting its new custodian. Boasting an auction guide price of £90,000 plus a reservation fee, this property presents an excellent opportunity for first-time buyers or savvy investors looking to expand their portfolio. Upon entering, you are greeted by a cosy living space leading to a well-appointed kitchen. The two bedrooms offer comfort and convenience with fitted wardrobes providing ample storage space. The three-piece bathroom suite includes a shower over the bath, catering to both relaxation and practicality. Added features such as off-road parking for one vehicle to the rear, a new roof, and a recently installed boiler ensure a hassle-free living experience. While some modernisation is required, the new flooring throughout sets the foundation for a personalised touch. Situated in proximity to local amenities and schools, both primary and secondary, this property is an ideal choice for those seeking a blend of peaceful suburban living with urban convenience.

As you step outside, a meticulously maintained exterior awaits your presence. The low-level brick wall, flagged front yard, and elegant wrought iron gate not only enhance the property's kerb appeal but also offer a warm welcome to residents and visitors alike. The fully flagged outside space, complete with a brick wall surround and a roller shutter, provides a secure and private area for outdoor activities and relaxation. Discover the perfect blend of indoor comfort and outdoor serenity in this delightful terraced house, where every corner is filled with potential and every space is waiting to be transformed into your personal sanctuary. 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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