3 Bed Terraced House, Refurb/BRRR, Bolton, BL1 6DH, £145,000

Ivy Road, Bolton, Greater Manchester, BL1 6DH - 2 views - a month ago

Leasehold
Auction
Refurb/BRRR
ROI: 6%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£75K - £260K
Sold Prices/m²£888/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£149,350
BMV3%

 

 

End Value (After Refurb)

£150,867

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£39,200

Bridging Loan Interest

£3,806

Total Cash In

£89,456

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£150,867

Mortgage (After Refinance)

£113,150

Mortgage LTV

75%

Cash Released

£4,400

Cash Left In

£85,056

Equity

£37,717

Rent Range

£745 - £2,250

Rent Estimate

£1,176

Running Costs/mo

£727

Cashflow/mo

£449

Cashflow/yr

£5,392

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £75K to £260K, average is £151K. £888/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£135K04/230.02 mi24, Rushton Road, Bolton, Greater Manchester BL1 6DG3
£85K05/210.04 mi19, Holly Grove, Bolton, Greater Manchester BL1 6DN3
£121K12/200.08 mi440, Chorley Old Road, Bolton, Greater Manchester BL1 6AG3
£219K05/210.12 mi26, Cope Bank, Bolton, Greater Manchester BL1 6DL3
£82K01/210.14 mi276, Oxford Grove, Bolton, Greater Manchester BL1 4JH3
£155K06/230.15 mi12, Merlin Grove, Bolton, Greater Manchester BL1 6BZ3
£147K12/200.16 mi10, Rathybank Close, Bolton, Greater Manchester BL1 6HA3
£140K11/210.17 mi3, Stanley Road, Bolton, Greater Manchester BL1 5JZ3
£108.5K03/210.18 mi14, Meliden Crescent, Bolton, Greater Manchester BL1 6AJ3
£170K07/230.18 mi7, Meliden Crescent, Bolton, Greater Manchester BL1 6AJ3
£185K02/230.2 mi33, Thompson Road, Bolton, Greater Manchester BL1 6BU3
£180K05/230.22 mi27, Keighley Street, Bolton, Greater Manchester BL1 6EB3
£75K07/210.22 mi20, Cundey Street, Bolton, Greater Manchester BL1 3BT3
£145K11/200.23 mi200, Valletts Lane, Bolton, Greater Manchester BL1 6DY3
£128K02/230.23 mi1, Ash Grove, Bolton, Greater Manchester BL1 4QF3
£162.5K08/210.25 mi33, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£154.9K06/210.25 mi63, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£157K02/230.25 mi92, Stanley Road, Bolton, Greater Manchester BL1 5LA3
£162K03/230.27 mi11, Church Road, Bolton, Greater Manchester BL1 6HE3
£87K12/200.29 mi484, Chorley Old Road, Bolton, Greater Manchester BL1 6AB3
£160K06/230.3 mi165, Church Road, Bolton, Greater Manchester BL1 6HH3
£170K05/210.31 mi82, Bennetts Lane, Bolton, Greater Manchester BL1 6JE3
£115K04/230.32 mi106, Oxford Grove, Bolton, Greater Manchester BL1 3BH3
£100K12/200.32 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£168K09/230.32 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£84K11/200.33 mi107, Beverley Road, Bolton, Greater Manchester BL1 4DY3
£100K12/200.33 mi59, Hollywood Road, Bolton, Greater Manchester BL1 6HP3
£166K03/210.33 mi11, Trawden Avenue, Bolton, Greater Manchester BL1 6JD3
£102K11/200.34 mi4, Dilham Court, Bolton, Greater Manchester BL1 4UH3
£140K03/210.34 mi11, Inverlael Avenue, Bolton, Greater Manchester BL1 4PT3
£210K09/210.34 mi139, Devonshire Road, Bolton, Greater Manchester BL1 5LD3
£260K07/210.34 mi141, Devonshire Road, Bolton, Greater Manchester BL1 5LD3
£130K12/200.34 mi164, Hughes Street, Bolton, Greater Manchester BL1 3EZ3
£162.5K06/230.34 mi133, Hughes Street, Bolton, Greater Manchester BL1 3EZ3
£135K04/230.36 mi12, Bashall Street, Bolton, Greater Manchester BL1 4HL3
£86K04/210.36 mi63, Abbotsford Road, Bolton, Greater Manchester BL1 6AY3
£195K09/230.36 mi56, Abbotsford Road, Bolton, Greater Manchester BL1 6AY3
£205K07/230.37 mi44, Barcroft Road, Bolton, Greater Manchester BL1 6JA3
£142K12/200.38 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£142K12/200.38 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£185K12/220.38 mi28, Barcroft Road, Bolton, Greater Manchester BL1 6JA3
£213K03/230.38 mi102, Lonsdale Road, Bolton, Greater Manchester BL1 4PN3
£142K12/200.38 mi38, Brighton Avenue, Bolton, Greater Manchester BL1 5LS3
£102K05/210.39 mi22, Marsh Fold Lane, Bolton, Greater Manchester BL1 4HG3
£195K02/230.39 mi39, Beechfield Road, Bolton, Greater Manchester BL1 6HZ3
£215K04/210.39 mi80, Lowndes Street, Bolton, Greater Manchester BL1 4PR3
£180K11/210.4 mi80, Adrian Road, Bolton, Greater Manchester BL1 3LQ3
£116K12/200.4 mi68, Adrian Road, Bolton, Greater Manchester BL1 3LQ3
£200K11/210.4 mi77, Crosby Road, Bolton, Greater Manchester BL1 4EJ3
£250K03/230.41 mi9, Radley Close, Bolton, Greater Manchester BL1 5ND3

Local Rents

12 rents from £745/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£89503/240.15 miMerlin Grove, Bolton3
£1,20003/250.17 mi-3
£74504/240.2 miChorley Old Road, Bolton3
£1,10003/250.29 mi-3
£1,35012/240.36 mi-3
£1,30003/240.36 mi-3
£1,30003/240.36 mi-3
£95004/240.4 miAdrian Road, Bolton, BL13
£2,25003/240.42 mi-3
£95003/240.44 miMoorland Grove, Smithills, Bolton, Greater Manchester, ., BL13
£99503/240.5 mi29 Harrow Street, Bolton, BL1 4NH3
£1,20003/240.54 miChorley Old Road, Bolton, BL13

Local Area Statistics

Population in BL1

63,206

Population in Bolton

217,471

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £145,000

March 5, 2025

Floor Plans

Description

  • For Sale By Modern Method Of Auction +
  • Three Bedrooms +
  • No Chain +
  • Great Investment Oportunity +

* FOR SALE BY MODERN METHOD OF AUCTION - STARTING BID £145,000 PLUS RESERVATION FEES *

NO ONWARD CHAIN - TWO RECEPTION ROOMS

This well appointed three bedroom bay-fronted mid terraced property requires internal modernisation but beams with genuine potential to improve and restore.

The house offers two large reception rooms, a separate kitchen, three generously sized bedrooms and a three piece bathroom suite. Ivy Road is a well regarded spot in BL1 located just off Chorley Old Road. There’s a great selection of amenities on the doorstep such as schools, shops, leisure facilities and supermarkets.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the
Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria,
affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification
verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything
you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation
Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the
preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they
will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Agent Details

Miller Metcalfe, Bolton

01204 958263

Next Steps?

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