2 Bed Flat, Single Let, Kearsley, BL4 9DU, £70,000

Moorfield Chase, Farnworth, BL4 9DU - 2 views - 2 months ago

Leasehold
Auction
BTL
ROI: 15%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£72K - £155K
Sold Prices/m²£1.2K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£86,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£725 - £1,497

Rent Estimate

£650

Running Costs/mo

£369

Cashflow/mo

£281

Cashflow/yr

£3,375

ROI

15%

Gross Yield

11%

Local Sold Prices

38 sold prices from £72K to £155K, average is £95.5K. £1.2K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£82.5K01/220 miFlat 10, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£80K12/220 miFlat 5, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£72K10/210 miFlat 20, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£72K02/210.02 miFlat 6, Shaw House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DQ2
£87K09/220.02 miFlat 2, Lever House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DW2
£110K06/230.17 mi3, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£90K11/220.17 mi8, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£105K10/220.19 mi23, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£77K10/200.19 mi4, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K02/230.19 mi7, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K12/220.19 mi3, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£75K11/200.31 mi87, Buckley Lane, Farnworth, Bolton, Greater Manchester BL4 9PQ2
£75K02/210.45 mi3, Reed Close, Farnworth, Bolton, Greater Manchester BL4 7EF2
£99K01/220.46 mi15, Glynne Street, Farnworth, Bolton, Greater Manchester BL4 7DN2
£88K06/220.55 mi67, Dixon Green Drive, Farnworth, Bolton, Greater Manchester BL4 7EE2
£95K08/210.62 mi32, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£96K06/210.62 mi26, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£100K12/210.62 mi20, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£90K12/200.62 mi16, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£85K07/220.62 miFlat 6, Highfield Court, Masefield Drive, Farnworth, Bolton, Greater Manchester BL4 9TF2
£110K05/240.63 mi8, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£96K07/230.63 mi2, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£120K12/200.63 mi74, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£100K05/210.63 mi18, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£130K01/230.66 mi16, Hirst Avenue, Worsley, Manchester, Greater Manchester M28 3QH2
£105K03/230.68 mi17, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.69 mi34, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K01/230.69 mi32, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.69 mi16, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£140K11/210.7 mi47, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K10/220.7 mi31, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£155K10/220.83 mi155, Campbell Street, Farnworth, Bolton, Greater Manchester BL4 7HJ2
£90K10/200.92 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£93K10/200.92 mi17, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K08/220.94 mi22, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£100K01/230.95 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K02/220.95 mi9, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£102K07/230.95 mi11, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2

Local Rents

51 rents from £725/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79503/240 miMoorfield Chase, Bolton2
£1,40012/240.01 mi-2
£90010/240.01 mi-2
£79503/240.02 miLever House, Moorfield Chase, Farnworth, Bolton2
£77503/240.02 miLever House Moorfield Chase, Farnworth, Bolton, BL42
£90010/240.08 mi-2
£72512/240.13 mi-2
£75012/230.17 mi-2
£75003/240.17 miRuskin Court, Farnworth, Bolton2
£80003/240.17 miKildare Street, Farnworth, Bolton, BL42
£80004/240.17 mi-2
£80011/230.17 mi-2
£79504/240.19 miBalmoral Road, Farnworth, Bolton, BL42
£79505/240.19 mi-2
£85003/240.21 miBradford Street, Farnworth, Bolton - 2 BEDROOMS PLUS STUDY2
£85003/240.21 miLeinster Street, Farnworth, Bolton2
£85004/240.21 miLeinster Street, Farnworth, Bolton2
£87512/240.21 mi-2
£85004/240.22 miLeinster Street, Farnworth - 2 BEDROOMS PLUS STUDY2
£82504/240.24 miBradford Street, Farnworth, Bolton, BL42
£82505/240.24 mi-2
£82504/240.29 mi18 Barton Street, Farnworth, Bolton, BL4 8BW2
£82505/240.3 mi-2
£82504/240.3 miSt. Germain Street, Farnworth, Bolton, BL42
£1,27511/230.3 mi-2
£75003/240.31 miFernbeck Close, Farnworth, Bolton2
£1,25003/240.32 miAlbert Road, Farnworth, Bolton, BL42
£1,19503/240.32 miAlbert Road, Farnworth, Bolton, BL42
£1,19504/240.32 miAlbert Road, Farnworth, Bolton, BL42
£1,19404/240.32 miAlbert Road, Farnworth, Bolton, BL42
£1,19405/240.32 miAlbert Road, Farnworth, Bolton, BL42
£1,14507/240.32 mi-2
£1,19512/240.32 mi-2
£1,19511/240.32 mi-2
£1,19504/250.32 mi-2
£94504/240.32 miChurch Road, Farnworth, BL42
£75004/240.32 miFernbeck Close, Farnworth, BL42
£85012/240.33 mi-2
£82503/240.37 miSt. Germain Street, Farnworth, Bolton2
£85003/250.37 mi-2
£75003/240.38 miPeel Street, Farnworth, Bolton2
£99712/240.41 mi-2
£99712/240.41 mi-2
£1,49704/240.41 miKearsley, Kearsley, Bolton, BL42
£99706/240.41 mi-2
£99704/240.41 miKearsley, Kearsley, Bolton, BL42
£99704/240.41 miKearsley, Kearsley, Bolton, BL42
£79505/240.42 miBuckley Court, Buckley Lane, Farnworth, Bolton, BL42
£82502/240.43 mi-2
£89512/240.44 mi-2
£77010/230.44 mi-2

Local Area Statistics

Population in BL4

33,664

Town centre distance

1.13 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+61%

Property History

Listed for £70,000

February 26, 2025

Floor Plans

Description

  • Walking distance to Farnworth Town Centre, Tescos & other local shops +
  • A few minutes drive to the M61 & St Peters Way, perfect for committing in Bolton & Manchester +
  • Close to Farnworth & Kearsley Train Station +
  • Allocated parking +
  • Perfect for a buy to let, currently achieving £650 PCM with the potential of achieving £750PCM +
  • Two double bedrooms & a lounge/diner +
  • Double glazed windows & electric central heating +
  • Selling via the modern method of auction, t&c's apply +

Selling via the modern method of auction, t&c’s apply, please read before enquiring. Kate Roe introduces a charming 2-bedroom ground floor apartment situated within walking distance of Farnworth Town Centre and local amenities such as Tescos and various shops. This property boasts a convenient location just a few minutes' drive away from the M61 and St Peters Way, making it an ideal choice for commuters to Bolton and Manchester. Residents will appreciate the proximity to Farnworth and Kearsley Train Stations, ensuring easy access to public transport. The apartment features allocated parking, making it a practical option for those with vehicles. Currently achieving £650 per calendar month, with the potential to achieve £750 (which is the current market value for rental properties within this area that are comparable), this property presents an excellent buy-to-let opportunity. Inside, the apartment offers two double bedrooms along with a spacious lounge/diner, all benefiting from double glazed windows and electric central heating. Auctioneer comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £349 inc VAT for this pack.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/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. These services are optional.

Agent Details

Roe & Co Residential Sales, Bolton

01204 952682

Next Steps?

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