2 Bed Terraced House, Refurb/BRRR, Bolton, BL2 2JS, £80,000

Tonge Moor Road, Bolton, BL2 2JS - 2 views - 2 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 7%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£45K - £200K
Sold Prices/m²£776/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£80,800

 

 

End Value (After Refurb)

£102,166

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£28,800

Bridging Loan Interest

£2,100

Total Cash In

£56,250

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£102,166

Mortgage (After Refinance)

£76,625

Mortgage LTV

75%

Cash Released

£16,625

Cash Left In

£39,625

Equity

£25,542

Rent Range

£750 - £995

Rent Estimate

£819

Running Costs/mo

£503

Cashflow/mo

£316

Cashflow/yr

£3,791

ROI

7%

Gross Yield

12%

Local Sold Prices

50 sold prices from £45K to £200K, average is £109K. £776/m² to £3.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£105K08/210.01 mi433, Tonge Moor Road, Bolton, Greater Manchester BL2 2JS2
£94K11/200.01 mi429, Tonge Moor Road, Bolton, Greater Manchester BL2 2JS2
£125K07/230.09 mi489, Tonge Moor Road, Bolton, Greater Manchester BL2 3BG2
£90K08/210.1 mi5, Glaisdale Close, Bolton, Greater Manchester BL2 2HW2
£95.6K08/210.12 mi24, Hall Ith'wood Lane, Bolton, Greater Manchester BL2 3BB2
£160K02/230.15 mi18, Shawcroft View, Bolton, Greater Manchester BL1 8UU2
£160K12/220.15 mi52, Le Gendre Street, Bolton, Greater Manchester BL2 2NT2
£105K01/210.2 mi115, Eldon Street, Bolton, Greater Manchester BL2 2JF2
£129.9K06/210.22 mi24, Tintern Avenue, Bolton, Greater Manchester BL2 2NR2
£120.8K06/230.23 mi597, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£120K04/230.23 mi561, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£152.5K02/210.25 mi10, Firwood Fold, Bolton, Greater Manchester BL2 3AG2
£170.5K12/200.25 mi4, Firwood Stables, Bolton, Greater Manchester BL2 3AQ2
£110K08/210.29 mi14, East Way, Bolton, Greater Manchester BL1 8SR2
£120K12/220.29 mi239, Tonge Moor Road, Bolton, Greater Manchester BL2 2HR2
£120K01/230.29 mi621, Tonge Moor Road, Bolton, Greater Manchester BL2 3BN2
£77K05/230.3 mi95, Moorfield Grove, Bolton, Greater Manchester BL2 2LG2
£85.8K04/210.3 mi53, Moorfield Grove, Bolton, Greater Manchester BL2 2LG2
£107.5K07/210.31 mi5, Pegamoid Street, Bolton, Greater Manchester BL2 2LB2
£107K03/210.34 mi652, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£120.5K02/210.34 mi668, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£120K12/200.34 mi632, Tonge Moor Road, Bolton, Greater Manchester BL2 3BL2
£90K08/210.37 mi14, Moorfield Grove, Bolton, Greater Manchester BL2 2LQ2
£87K12/200.38 mi197, Tonge Moor Road, Bolton, Greater Manchester BL2 2HR2
£159K01/230.38 mi66, Pimlott Road, Bolton, Greater Manchester BL1 8TW2
£103.5K02/230.38 mi122, Pimlott Road, Bolton, Greater Manchester BL1 8TW2
£73K03/210.38 mi14, Eccleston Avenue, Bolton, Greater Manchester BL2 2LD2
£141.5K01/230.39 mi3, Ripley Street, Bolton, Greater Manchester BL2 3AR2
£77.5K12/200.44 mi51, Brief Street, Bolton, Greater Manchester BL2 2LY2
£76K03/210.44 mi53, Brief Street, Bolton, Greater Manchester BL2 2LY2
£140K05/230.52 mi281, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN2
£108K04/210.52 mi281, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN2
£142.5K07/230.52 mi39, Tonge Park Avenue, Bolton, Greater Manchester BL2 2QR2
£70K11/200.53 mi17, Pole Street, Bolton, Greater Manchester BL2 2DY2
£200K04/230.55 mi74, Bradshaw Brow, Bolton, Greater Manchester BL2 3DD2
£152.5K04/210.55 mi74, Bradshaw Brow, Bolton, Greater Manchester BL2 3DD2
£92.5K03/210.55 mi60, Bradshaw Brow, Bolton, Greater Manchester BL2 3DD2
£130K06/210.58 mi50, Alexander Road, Bolton, Greater Manchester BL2 2QZ2
£63K12/200.58 mi33, George Barton Street, Bolton, Greater Manchester BL2 2EQ2
£85.5K08/210.59 mi3, Huntroyde Avenue, Bolton, Greater Manchester BL2 2ET2
£102.5K11/210.59 mi202, Ainsworth Lane, Bolton, Greater Manchester BL2 2QJ2
£45K12/200.6 mi10, Angle Street, Bolton, Greater Manchester BL2 2EH2
£93K04/230.61 mi25, Tonge Moor Road, Bolton, Greater Manchester BL2 2DH2
£124.5K09/210.63 mi27, Bristol Avenue, Bolton, Greater Manchester BL2 2QP2
£95K11/200.63 mi13, Bristol Avenue, Bolton, Greater Manchester BL2 2QP2
£117.5K12/200.64 mi26, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£117.5K12/200.64 mi28, Dudley Avenue, Bolton, Greater Manchester BL2 2RQ2
£195K08/210.64 mi4, Woodbank, Bolton, Greater Manchester BL2 4LX2
£120K11/210.66 mi12, Ormrod Street, Bradshaw, Bolton, Greater Manchester BL2 3DA2
£80K05/210.67 mi14, River View Court, Bolton, Greater Manchester BL2 2GY2

Local Rents

40 rents from £750/mo to £995/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£82503/240.02 miTonge Moor Road, Bolton2
£75005/240.07 miTongemoor Road, Bolton, BL22
£75005/240.07 mi-2
£77501/250.09 mi-2
£95005/240.12 mi-2
£75005/240.2 mi102 Eldon Street,Bolton,BL22
£95004/240.21 miTintern Avenue, Bolton, Greater Manchester, BL2 2NR2
£82502/240.22 mi-2
£85003/240.22 miHighcroft, Bolton, BL12
£79503/240.24 miTonge Moor Road, Bolton2
£79505/240.24 miTonge Moor Road, Bolton2
£75003/240.25 miRowton Street, Bolton, BL22
£90004/250.28 mi-2
£75003/240.29 miMoorfield Grove, Bolton2
£95012/240.31 mi-2
£90001/250.31 mi-2
£99504/240.33 miKentfield Drive, Bolton, BL1 8FU2
£75004/240.36 mi-2
£75004/240.36 mi-2
£75003/240.36 miWemsley Grove, Bolton, BL22
£75003/240.36 miWemsley Grove, Bolton, BL22
£77504/240.36 miTonge, Bolton, BL2 2LQ2
£87504/250.37 mi-2
£95004/240.38 miPimlott Road, Bolton BL12
£80001/250.38 mi-2
£79503/240.38 miTonge Moor Road, Bolton, BL22
£85004/240.38 mi-2
£85003/240.38 miAstley Brook Close, Bolton, BL12
£80003/240.39 miAstley Brook Close, Bolton, Greater Manchester, BL12
£75004/240.39 miAstley Brook Close Bolton Lancashire2
£85004/240.39 miAstley Brook Close, Bolton, BL12
£82504/240.47 miWaterside Gardens, Bolton2
£75003/240.47 miWaterside Gardens, Bolton2
£84512/240.48 mi-2
£87003/250.48 mi-2
£79504/240.52 miTonge Park Avenue, Bolton2
£87511/240.56 mi-2
£75012/230.57 mi-2
£75003/240.58 miGeorge Barton Street, Bolton2
£85003/250.6 mi-2

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

2.68 miles away

Nearest school

0.50 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £80,000

February 25, 2025

Floor Plans

Description

  • EPC: C +
  • FOR SALE BY MODERN METHOD OF AUCTION +
  • BID ON ME +
  • GREAT INVESTMENT OPPORTUNITY! +
  • GOOD SIZED BEDROOMS +
  • TWO LARGE RECEPTION ROOMS +

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties’ personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. This two-bedroom mid-terrace property offers a fantastic investment opportunity in a highly sought-after location, perfect for those looking to refurbish and add value. As you enter, you’re greeted by a generous-sized entrance hall that sets the tone for the spacious layout throughout. The property boasts two well-proportioned reception rooms, offering flexibility for a variety of uses such as a living room and dining area, or a lounge and home office. At the rear of the property, there is a kitchen space that could be transformed into a modern cooking hub, perfect for both everyday meals and entertaining. While the property does require some refurbishment, it holds tremendous potential, making it an excellent choice for investors seeking strong rental yields or buyers looking to put their stamp on a property. With some modernisation, this property could easily become a comfortable, stylish home or a prime rental unit in a popular area. Heading upstairs, you’ll find two spacious bedrooms, both offering ample room for double beds and additional furniture. The property also features a white three-piece bathroom suite, which would benefit from a refresh but provides a great base for a stylish update. The layout and proportions of the rooms ensure that this home has plenty of living space, making it ideal for small families, couples, or single professionals. In terms of location, the property is ideally situated just a short walk from Hall 'Ith Wood Station, providing excellent rail links into Manchester and surrounding areas, making it perfect for commuters. Additionally, there is a bus stop within a few minutes’ walk, further enhancing the accessibility of this home. With its great potential for refurbishment, spacious rooms, and proximity to transport links, this property offers both a brilliant investment opportunity and a chance to create a home tailored to your own tastes. Whether you are an investor looking for a property with strong rental potential or someone wanting to take on a renovation project, this property is a must-see. The Purple Property Shop can confirm the property isn’t at risk of flooding. The Purple Property Shop can confirm the property isn’t in a conservation area. Mobile Signal Strength EE - Voice: 4/4 Data: 4/4 Three - Voice: 4/4 Data: 4/4 O2 - Voice: 4/4 Data: 4/4 Vodafone - Voice: 4/4 Data: 4/4 Standard Construction dwelling made of bricks and mortar or stone with a slate or tiled roof. No Existing Permissions

Agent Details

The Purple Property Shop, Bolton

01204 958074

Next Steps?

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