2 Bed Terraced House, Refurb/BRRR, Bolton, BL3 2JP, £90,000

Crescent Road, Bolton, Greater Manchester, BL3 2JP - 3 views - 2 months ago

Leasehold
Auction
Refurb/BRRR
ROI: 4%
~77 m²
+4 photos

ValuationFair Value

Sold Prices£35K - £250K
Sold Prices/m²£456/m² - £3.2K/m²

 

 

Square Metres

~77.11 m²
Price/m²£1.2K/m²

Value Estimate

£90,000

 

 

End Value (After Refurb)

£135,164

Uplift in Value

+50%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£32,605

Bridging Loan Interest

£2,363

Total Cash In

£64,918

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,164

Mortgage (After Refinance)

£101,373

Mortgage LTV

75%

Cash Released

£33,873

Cash Left In

£31,045

Equity

£33,791

Rent Range

£745 - £1,000

Rent Estimate

£849

Running Costs/mo

£612

Cashflow/mo

£237

Cashflow/yr

£2,842

ROI

4%

Gross Yield

11%

Local Sold Prices

50 sold prices from £35K to £250K, average is £100.5K. £456/m² to £3.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£97K11/210.13 mi17, Mckean Street, Bolton, Greater Manchester BL3 2AN2
£85K11/210.15 mi99, Crescent Road, Bolton, Greater Manchester BL3 2JS2
£65K04/210.18 mi34, Cecilia Street, Bolton, Greater Manchester BL3 2AU2
£85K02/210.19 mi29, Melville Street, Bolton, Greater Manchester BL3 2BA2
£85K02/210.19 mi7, Richelieu Street, Bolton, Greater Manchester BL3 2AY2
£92K03/210.21 mi166, Parkfield Road, Bolton, Greater Manchester BL3 2BG2
£128K07/230.22 mi3, Melville Street, Bolton, Greater Manchester BL3 2BB2
£70K08/230.24 mi10, Webster Street, Bolton, Greater Manchester BL3 2QY2
£85K07/210.25 mi34, Eustace Street, Bolton, Greater Manchester BL3 2HH2
£110K03/230.28 mi6, Woodgate Street, Bolton, Greater Manchester BL3 2HW2
£85K06/230.28 mi62, Woodgate Street, Bolton, Greater Manchester BL3 2HN2
£250K03/230.38 mi14, Cotefield Avenue, Bolton, Greater Manchester BL3 2EB2
£95K11/210.42 mi272, Crescent Road, Bolton, Greater Manchester BL3 2LZ2
£70K06/210.42 mi276, Crescent Road, Bolton, Greater Manchester BL3 2LZ2
£165K05/210.43 mi5, Southbrook Grove, Bolton, Greater Manchester BL3 2DN2
£141K11/210.45 mi48, Sandhill Close, Bolton, Greater Manchester BL3 2UB2
£117K11/200.45 mi54, Sandhill Close, Bolton, Greater Manchester BL3 2UB2
£139K12/220.45 mi20, Sandhill Close, Bolton, Greater Manchester BL3 2UB2
£145K07/230.45 mi48, Sandhill Close, Bolton, Greater Manchester BL3 2UB2
£172K02/230.46 mi12, Oakleigh Avenue, Bolton, Greater Manchester BL3 2ES2
£60K02/210.47 mi23, Alder Street, Bolton, Greater Manchester BL3 2DF2
£130K09/210.47 mi31, Strawberry Hill Road, Bolton, Greater Manchester BL2 1LP2
£199.9K04/230.47 mi44, Strawberry Hill Road, Bolton, Greater Manchester BL2 1LP2
£75K04/230.5 mi32, Meredith Street, Bolton, Greater Manchester BL3 2DD2
£155K02/230.52 mi8, Bramcote Avenue, Bolton, Greater Manchester BL2 1LF2
£95K12/200.53 mi22, Clayton Street, Bolton, Greater Manchester BL2 1NJ2
£165K05/230.53 mi51, Bishops Road, Bolton, Greater Manchester BL3 2JE2
£120K12/200.55 mi47, Rishton Avenue, Bolton, Greater Manchester BL3 2EW2
£170K11/220.57 mi111, Bradford Road, Bolton, Greater Manchester BL3 2HU2
£65.5K07/210.58 mi6, South Street, Bolton, Greater Manchester BL3 3BS2
£74K02/210.58 mi24, Tildsley Street, Bolton, Greater Manchester BL3 6PN2
£74K02/210.58 mi24, Tildsley Street, Bolton, Greater Manchester BL3 6PN2
£94K07/230.58 mi34, Tildsley Street, Bolton, Greater Manchester BL3 6PN2
£100K01/210.59 mi45, Bentley Street, Bolton, Greater Manchester BL2 1NE2
£101K07/210.59 mi9, Skelwith Avenue, Bolton, Greater Manchester BL3 2EJ2
£175K03/210.61 mi18, Glenside Drive, Bolton, Greater Manchester BL3 2EL2
£85K03/210.63 mi18, Higher Darcy Street, Bolton, Greater Manchester BL2 1NG2
£100K03/210.63 mi16, Higher Darcy Street, Bolton, Greater Manchester BL2 1NG2
£125K12/220.63 mi42a, Higher Darcy Street, Bolton, Greater Manchester BL2 1NG2
£137.5K11/210.64 mi19, Ashby Close, Farnworth, Bolton, Greater Manchester BL4 7TS2
£170K03/230.64 mi16, Ashby Close, Farnworth, Bolton, Greater Manchester BL4 7TS2
£140K07/210.64 mi7, Lower Darcy Street, Bolton, Greater Manchester BL2 1PW2
£175K04/230.64 mi3, Lower Darcy Street, Bolton, Greater Manchester BL2 1PW2
£125K03/230.67 mi5, St Stephens Close, Bolton, Greater Manchester BL2 1PN2
£107K11/200.67 mi8, Sevenoaks Drive, Bolton, Greater Manchester BL3 3ED2
£120K11/200.67 mi176, Radcliffe Road, Bolton, Greater Manchester BL2 1PF2
£75K03/230.68 mi10, Chapel Place, Bolton, Greater Manchester BL2 1PJ2
£80K08/210.68 mi18, Broach Street, Bolton, Greater Manchester BL3 6PE2
£90K01/210.7 mi173, Settle Street, Bolton, Greater Manchester BL3 3DN2
£35K07/230.7 mi239, Settle Street, Bolton, Greater Manchester BL3 3DN2

Local Rents

28 rents from £745/mo to £1K/mo, average is £828/mo.

RentDateDistanceAddressBeds 
£85002/250.22 mi-2
£85012/240.26 miWoodgate Street, Bolton2
£82504/250.27 mi-2
£80012/240.28 mi-2
£79508/240.28 mi-2
£85001/250.28 mi-2
£95004/250.38 mi-2
£79512/240.47 mi-2
£95001/250.51 mi-2
£82512/240.51 mi-2
£75001/250.51 mi-2
£74501/250.51 mi-2
£75004/250.51 mi-2
£83012/240.51 mi-2
£95002/240.51 mi-2
£95012/230.51 mi-2
£95001/240.51 mi-2
£82504/240.53 miClayton Street, Bolton2
£79512/240.56 mi-2
£85004/250.57 mi-2
£79003/240.57 miHigher Darcy Street, Bolton2
£79505/240.57 miHigher Darcy Street, Bolton2
£82510/240.57 mi-2
£89511/240.57 mi-2
£1,00001/250.57 mi-2
£82502/240.6 mi-2
£85004/240.6 miSt Peters House, 71 Bromwich Street, Bolton, Lancashire, BL22
£87503/250.62 mi-2

Local Area Statistics

Population in BL3

63,785

Population in Bolton

217,471

Town centre distance

2.92 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £90,000

March 6, 2025

Floor Plans

Description

  • For Sale By Modern Auction +
  • No Chain +
  • Fantastic Investment Opportunity +

FOR SALE BY MODERN METHOD OF AUCTION - STARTING BID £90,000 PLUS RESERVATION FEES

* ATTENTION INVESTORS AND FIRST TIME BUYERS - PRICED TO SELL – DO NOT MISS OUT *

Introducing this two bedroom mid terraced house on Crescent Road in Great Lever. The property comprises of lounge, kitchen/dining area, two bedrooms and fitted bathroom suite.

The house is tired and requires modernisation in some place but beams with genuine potential to renovate and restore. The house has been a popular buy-to-let investment previously and would be perfect for those looking to enhance their portfolio.

The house is available immediately with no onward chain.

Auctioneer Comments
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.

Agent Details

Miller Metcalfe, Bolton

01204 958263

Next Steps?

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