3 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 2PA, £170,000

Priory Place, Tonge Moor, BL2 2PA - 4 views - 2 months ago

Sold STC

Refurb/BRRR

ROI: 5%

~93 m²

+8 photos

ValuationOvervalued

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Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£42,500£42,500
Stamp Duty & Legal Fees	£6,300£6,300
Refurb Costs	£39,324£39,324
Bridging Loan Interest	£4,463£4,463
Total Cash In	£94,337£94,337

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£166,375£166,375
Mortgage (After Refinance)	£124,781£124,781
Mortgage LTV	75%75%
Cash Left In	£94,337£94,337
Equity	£41,594£41,594
Rent Range	£875 - £2,999£875 - £2,999
Rent Estimate	£1,152
Running Costs/mo	£770£770
Cashflow/mo	£382£382
Cashflow/yr	£4,580£4,580
ROI	5%5%
Gross Yield	8%8%

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Local Rents

29 rents from £875/mo to £3K/mo, average is £1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,095	03/24	0.18 mi	Crowland Road, Bolton	3	Detached House
£875	03/24	0.2 mi	Tonge Moor Road, Tonge Moor, Bolton, BL2	3	Terraced House
£950	04/24	0.2 mi	Tonge Moor Road, Tonge Moor, Bolton, BL2	3	Terraced House
£1,000	04/24	0.2 mi	-	3	Terraced House
£1,000	03/24	0.2 mi	Tonge Moor Road, Bolton, BL2	3	Terraced House
£950	03/24	0.23 mi	Kingston Avenue, Bolton	3	Detached House
£2,999	05/24	0.23 mi	-	3	Semi-Detached House
£995	02/25	0.24 mi	-	3	Semi-Detached House
£1,020	04/25	0.29 mi	-	3	Terraced House
£995	02/25	0.29 mi	-	3	Terraced House
£1,050	12/24	0.35 mi	-	3	Terraced House
£1,300	04/24	0.37 mi	-	3	Terraced House
£1,300	04/24	0.37 mi	Tonge Moor Road, Bolton, BL2	3	Terraced House
£1,100	11/23	0.4 mi	-	3	Semi-Detached House
£1,400	05/24	0.41 mi	-	3	Semi-Detached House
£1,250	01/25	0.41 mi	-	3	Semi-Detached House
£950	02/24	0.41 mi	-	3	Terraced House
£1,200	01/25	0.41 mi	-	3	Terraced House
£1,100	02/24	0.43 mi	-	3	Semi-Detached House
£950	04/24	0.43 mi	Littlebrooke Close, Bolton, BL2	3	Terraced House
£950	04/24	0.43 mi	Littlebrooke Close, Bolton, BL2	3	Terraced House
£950	05/24	0.43 mi	-	3	Terraced House
£950	04/25	0.49 mi	-	3	Semi-Detached House
£1,150	03/24	0.5 mi	Sandileigh Drive, Bolton, BL1	3	Detached House
£1,150	02/25	0.5 mi	-	3	Terraced House
£1,100	03/24	0.53 mi	Larkspur Close, Bolton, BL1	3	Detached House
£875	03/24	0.55 mi	Red Lane, Breightmet, Bolton	3	Semi-Detached House
£1,300	04/24	0.58 mi	Woodbank, Bolton, BL2	3	Detached House
£975	03/24	0.62 mi	Jethro Street, Bolton, BL2	3	Terraced House

Local Area Statistics

Population in BL2	45,84545,845
Population in Bolton	217,471217,471
Town centre distance	2.80 miles away2.80 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.48 miles away0.48 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+43%+43%

Property History

Listed for £170,000

February 14, 2025

Floor Plans

Description

No onward chain +
Semi detached home +
In need of modernisation +
Three double bedrooms +
Two reception rooms +
Gardens to front and rear +
Quiet cul de sac position +
Close to local amenities +

Offered for sale with no onward chain is this good sized semi detached family home located on a quiet cul-de-sac, just off Fountains Avenue in Tonge Moor. Whilst the property does need some modernisation, it offers superb sized accommodation throughout to include an entrance hallway, cloakroom WC, lounge, dining room and kitchen to the ground floor with three double bedrooms and a bathroom to the first floor. Externally there is a lawned garden with gate and flagged pathway leading to the front door with the rear of property also having a lawned garden with a gate to one side leading through to the front. For further information and to arrange a viewing contact Cardwells Estate Agents Bolton Email www. or visit