2 Bed Semi-Detached House, Single Let, Kearsley, BL4 8LR, £85,000

11 Iris Avenue, Kearsley, Bolton, Greater Manchester BL4 8LR - 1 views - 2 months ago

Sold STC
Auction
BTL
ROI: 17%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£65K - £220K
Sold Prices/m²£904/m² - £3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£105,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£750 - £1,497

Rent Estimate

£788

Running Costs/mo

£443

Cashflow/mo

£345

Cashflow/yr

£4,137

ROI

17%

Gross Yield

11%

Local Sold Prices

50 sold prices from £65K to £220K, average is £140.7K. £904/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£107K02/210.05 mi90, Mossfield Road, Kearsley, Bolton, Greater Manchester BL4 8LX2
£115K05/210.08 mi152, Mossfield Road, Kearsley, Bolton, Greater Manchester BL4 8LH2
£103.5K11/200.11 mi20, Mossfield Road, Kearsley, Bolton, Greater Manchester BL4 8LD2
£167.5K12/220.31 mi33, Holcombe Crescent, Kearsley, Bolton, Greater Manchester BL4 8JX2
£139K07/230.36 mi5, Pilkington Road, Kearsley, Bolton, Greater Manchester BL4 8JG2
£130K02/210.39 mi342a, Bolton Road, Kearsley, Bolton, Greater Manchester BL4 8NQ2
£150K02/210.43 mi16, Holcombe Close, Kearsley, Bolton, Greater Manchester BL4 8JS2
£125K12/200.43 mi421, Bolton Road, Kearsley, Bolton, Greater Manchester BL4 8NH2
£115K11/200.46 mi2, Victoria Road, Kearsley, Bolton, Greater Manchester BL4 8NR2
£95K02/210.5 mi88, Manchester Road, Kearsley, Bolton, Greater Manchester BL4 8NZ2
£115K05/210.51 mi103, Manchester Road, Kearsley, Bolton, Greater Manchester BL4 8QJ2
£177K01/230.51 mi99, Manchester Road, Kearsley, Bolton, Greater Manchester BL4 8QJ2
£125K03/230.54 mi69, Halshaw Lane, Kearsley, Bolton, Greater Manchester BL4 8DD2
£130K05/230.61 mi141, Bradford Street, Farnworth, Bolton, Greater Manchester BL4 9JP2
£195K04/230.62 mi20, Avon Road, Kearsley, Bolton, Greater Manchester BL4 8PW2
£112K12/200.63 mi73, Lord Street, Kearsley, Bolton, Greater Manchester BL4 8BE2
£140K04/210.64 mi151, Manchester Road, Kearsley, Bolton, Greater Manchester BL4 8QL2
£130K01/230.64 mi4, Clelland Street, Farnworth, Bolton, Greater Manchester BL4 9JL2
£155K03/210.65 mi38, Trent Way, Kearsley, Bolton, Greater Manchester BL4 8PR2
£150K10/210.65 mi4, Bank Top View, Kearsley, Bolton, Greater Manchester BL4 8DT2
£75K06/210.66 mi2, Hardman Street, Farnworth, Bolton, Greater Manchester BL4 9JJ2
£65K12/200.66 mi16, Hardman Street, Farnworth, Bolton, Greater Manchester BL4 9JJ2
£94K11/220.66 mi18, Hardman Street, Farnworth, Bolton, Greater Manchester BL4 9JJ2
£115K04/210.66 mi88, Worsley Road North, Worsley, Manchester, Greater Manchester M28 3QW2
£100K03/230.68 mi110, Bradford Street, Farnworth, Bolton, Greater Manchester BL4 9JY2
£185K12/220.68 mi73, Worsley Road North, Worsley, Manchester, Greater Manchester M28 3QD2
£162K03/210.68 mi14, Derwent Drive, Kearsley, Bolton, Greater Manchester BL4 8PP2
£180K02/230.68 mi20, Derwent Drive, Kearsley, Bolton, Greater Manchester BL4 8PP2
£94.5K01/230.69 mi18, Castle Mews, Farnworth, Bolton, Greater Manchester BL4 9JX2
£145K10/230.69 mi97, Worsley Road North, Worsley, Manchester, Greater Manchester M28 3QD2
£165K06/240.69 mi107, Worsley Road North, Worsley, Manchester, Greater Manchester M28 3QD2
£220K07/240.71 mi10, Hill Top Road, Worsley, Manchester, Greater Manchester M28 3QG2
£170K11/210.72 mi23, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW2
£160K02/230.72 mi40, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW2
£150K02/210.72 mi73, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW2
£145K02/210.72 mi74, Linnets Wood Mews, Worsley, Manchester, Greater Manchester M28 3WW2
£171K09/230.73 mi11, Albert Avenue, Worsley, Manchester, Greater Manchester M28 3GE2
£115K02/210.73 mi8, Thorpe Street, Worsley, Manchester, Greater Manchester M28 3QQ2
£141.4K12/200.73 mi10, Thorpe Street, Worsley, Manchester, Greater Manchester M28 3QQ2
£198K12/220.74 mi45, Sharp Street, Worsley, Manchester, Greater Manchester M28 3LX2
£210K05/240.75 mi2, Moss Lane, Worsley, Manchester, Greater Manchester M28 3NF2
£150K06/230.75 mi111, Stoneclough Road, Radcliffe, Manchester, Greater Manchester M26 1HE2
£140K10/210.77 mi20, Warren Road, Worsley, Manchester, Greater Manchester M28 3LT2
£157.5K08/230.78 mi74, Whittle Street, Worsley, Manchester, Greater Manchester M28 3WY2
£140K10/210.8 mi7, Spindle Croft, Farnworth, Bolton, Greater Manchester BL4 9AN2
£136K05/210.8 mi182, Lord Street, Kearsley, Bolton, Greater Manchester BL4 8AR2
£197K11/210.8 mi10, Sharp Street, Worsley, Manchester, Greater Manchester M28 3LX2
£180K11/210.8 mi25, Sharp Street, Worsley, Manchester, Greater Manchester M28 3LX2
£185.8K03/230.8 mi3, Sharp Street, Worsley, Manchester, Greater Manchester M28 3LX2
£114K03/210.81 mi17, Albert Street, Kearsley, Bolton, Greater Manchester BL4 8BJ2

Local Rents

14 rents from £750/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£82501/240.45 mi-2
£82502/240.45 mi-2
£75004/240.54 miFernbeck Close, Farnworth, BL42
£75003/240.55 miFernbeck Close, Farnworth, Bolton2
£99706/240.58 mi-2
£1,49704/240.58 miKearsley, Kearsley, Bolton, BL42
£99704/240.58 miKearsley, Kearsley, Bolton, BL42
£99704/240.58 miKearsley, Kearsley, Bolton, BL42
£99712/240.58 mi-2
£99712/240.58 mi-2
£82504/240.58 mi18 Barton Street, Farnworth, Bolton, BL4 8BW2
£97505/240.59 miReynolds Place, Worsley, M282
£82505/240.6 mi-2
£82504/240.6 miBradford Street, Farnworth, Bolton, BL42

Local Area Statistics

Population in BL4

33,664

Town centre distance

0.50 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+61%

Property History

Listed for £85,000

February 20, 2025

Description

  • A Two Bedroom Semi Detached House +
  • In Need Of Refurbishment +
  • Ideal Family Home or Buy To let / Investment property +
  • Popular Residential Location. +

Online Auction - 11th to 12th March 2025 A Two Bedroom semi-detached House In Need of Refurbishment A vacant semi-detached house comprising: hall, lounge, kitchen, dining room, two bedrooms and bathroom. Gardens to the front and rear.

Situated just off Manchester Road ( A666) and just a short drive to Farnworth Town Centre and A666m Kearsley Spur provided easy access to Manchester.

Council Tax Band : A
Local Authority :Bolton

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: See Legal Pack EPC Rating: C Administration Fee: 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Fulwood

01772 286883

Next Steps?

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