4 Bed HMO, Chorley, PR7 3ET £130,000

Bolton Road, Chorley, Lancashire, PR7 3ET - 21 views - 9 months ago
Sold STC
HMO
ROI: 12%
~129 m²
Property image

ValuationUndervalued

Sold Prices£132K - £600K
Sold Prices/m²£1.1K/m² - £5.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1K/m²

Value Estimate

£157,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,137

Cashflow/mo

£363

Cashflow/yr

£4,358

ROI

12%

Gross Yield

14%

Local Sold Prices

50 sold prices from £132K to £600K, average is £295K. £1.1K/m² to £5.3K/m², average is £2.5K/m².

Price
Date
Distance
Address
Beds
 
£192.5K05/230.1 mi27, Redwood Drive, Chorley, Lancashire PR7 3BW4
£210K05/250.1 mi13, Clydesdale Drive, Chorley PR7 3DN4
£250K09/210.17 mi24, St Albans Place, Chorley, Lancashire PR7 3EY4
£231K07/210.23 mi11, Cranbourne Drive, Chorley, Lancashire PR6 0LJ4
£290K01/230.29 mi1, Topaz Way, Chorley, Lancashire PR6 0LQ4
£287.5K06/210.32 mi153, Carr Lane, Chorley, Lancashire PR7 3JX4
£245K05/210.32 mi177, Carr Lane, Chorley, Lancashire PR7 3JX4
£262K05/210.33 mi168, Pilling Lane, Chorley, Lancashire PR7 3EF4
£320K02/250.38 mi41, Amber Drive, Chorley PR6 0LA4
£160K05/230.41 mi3a, Saville Street, Chorley, Lancashire PR7 3JB4
£252K08/250.43 mi43, Duxbury Gardens, Chorley PR7 3JZ4
£167K04/230.46 mi29, Carr Lane, Chorley, Lancashire PR7 3JE4
£176.3K02/250.49 mi97, Weldbank Lane, Chorley, Lancashire PR7 3NN4
£355K05/210.51 mi25, The Bowers, Chorley, Lancashire PR7 3LA4
£372.5K10/210.51 mi20, The Bowers, Chorley, Lancashire PR7 3LA4
£417.5K02/230.51 mi23, The Bowers, Chorley, Lancashire PR7 3LA4
£355K06/210.51 mi27, The Bowers, Chorley, Lancashire PR7 3LA4
£365K03/250.52 mi1, Haydock Drive, Chorley PR7 3FT4
£232.4K05/250.62 mi33, Tootell Street, Chorley PR7 2HX4
£232.4K05/250.62 mi33, Tootell Street, Chorley PR7 2HX4
£277K02/250.62 mi6, Evergreen Close, Chorley PR7 3QB4
£275K09/210.64 mi60, Carrington Road, Chorley, Lancashire PR7 2DQ4
£345K05/210.64 mi67, Carrington Road, Chorley, Lancashire PR7 2DQ4
£295K04/250.67 mi4, Colyton Close, Chorley PR6 0TD4
£295K04/250.67 mi4, Colyton Close, Chorley PR6 0TD4
£153K12/220.68 mi161, Eaves Lane, Chorley, Lancashire PR6 0TB4
£295K03/250.69 mi35, Cottage Fields, Chorley PR7 3QE4
£500K06/210.71 miThe Old Stone House, Crosse Hall Fold, Chorley, Lancashire PR6 9AD4
£300K11/220.71 mi3, Heather Close, Chorley, Lancashire PR6 0EL4
£315K03/230.71 mi8, Chester Avenue, Chorley, Lancashire PR7 4AG4
£280K03/250.72 mi8, Tate Fold, Chorley PR6 9FH4
£280K03/250.72 mi8, Tate Fold, Chorley PR6 9FH4
£255K07/210.72 mi3, Burgh Meadows, Chorley, Lancashire PR7 3LR4
£600K10/210.73 mi51, Ashfield Road, Chorley, Lancashire PR7 1LP4
£327K06/230.74 mi14, Rotherwick Avenue, Chorley, Lancashire PR7 2PY4
£140K06/210.74 mi7, Bank Street, Chorley, Lancashire PR7 2BX4
£308K04/230.75 mi71, Collingwood Road, Chorley, Lancashire PR7 2PN4
£385K08/250.75 mi9, Lightoller Close, Chorley PR6 9FN4
£132K09/210.76 mi25, Stump Lane, Chorley, Lancashire PR6 0DE4
£275K06/210.77 mi27, Winchester Avenue, Chorley, Lancashire PR7 4AQ4
£360K10/210.78 mi27, The Oaks, Chorley, Lancashire PR7 3QT4
£321K03/230.84 mi17, Russell Square, Chorley, Lancashire PR6 0AS4
£308K08/230.84 mi3, Russell Square, Chorley, Lancashire PR6 0AS4
£520K01/230.88 mi16, Balmoral Road, Chorley, Lancashire PR7 1LQ4
£320K06/230.89 mi35, Woodlands Meadow, Chorley, Lancashire PR7 3QH4
£475K06/230.91 mi8, Sandringham Road, Chorley, Lancashire PR7 1LG4
£155K07/210.92 mi69, Railway Road, Chorley, Lancashire PR6 0HN4
£383K05/250.94 mi3, The Willows, Chorley PR7 3RQ4
£383K05/250.94 mi3, The Willows, Chorley PR7 3RQ4
£390K12/210.95 mi20, The Willows, Chorley, Lancashire PR7 3RQ4

Local Area Statistics

Population in PR7

55,672

Population in Chorley

90,310

Town centre distance

0.83 miles away

Nearest school

0.30 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+18%

Sales demand

Seller's market

Capital growth (5yrs)

+36%

Property History

Listed for £130,000

February 13, 2025

Floor Plans

Property image

Description

  • Attention Investors. Large mid terraced property +
  • Currently being used as a HMO. +
  • Two reception rooms, 4/5 Bedrooms +
  • Three piece bathroom and separate WC +
  • Enclosed yard to the rear +
  • Located close to town centre amenities +

*ATTENTION INVESTORS* Currently being used as a HMO with 4/5 bedrooms, two of which are currently occupied (option to purchase with vacant possession if required).
This mid terraced property is far more spacious than a quick look may suggest. Internally the property does require some upgrading and viewing is essential to appreciate the size on offer. There is an entrance hallway, two ground floor reception rooms (one currently being used as a bedroom) and a fitted kitchen. To the first floor there are four bedrooms, three-piece bathroom and a separate two-piece WC. The property is double glazed and has gas central heating. There is an enclosed yard to the rear. It is centrally located to access all of Chorley‘s amenities and transport links. Offered for sale with no onward chain.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: 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 traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CHO250084/2

Agent Details

Reeds Rains, Chorley

01257 440935

Next Steps?

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