4 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL6 6LG, £200,000

38 Brazley Avenue, Horwich, Bolton, BL6 6LG - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~129 m²
+11 photos

ValuationFair Value

Sold Prices£189K - £1.3M
Sold Prices/m²£1.5K/m² - £4.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£275,270

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£54,709

Bridging Loan Interest

£5,250

Total Cash In

£122,909

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,270

Mortgage (After Refinance)

£206,452

Mortgage LTV

75%

Cash Released

£56,452

Cash Left In

£66,456

Equity

£68,817

Rent Range

£850 - £1,995

Rent Estimate

£1,215

Running Costs/mo

£1,123

Cashflow/mo

£92

Cashflow/yr

£1,101

ROI

1%

Gross Yield

7%

Local Sold Prices

33 sold prices from £189K to £1.3M, average is £333K. £1.5K/m² to £4.5K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£255K03/230.22 mi8, Lower Makinson Fold, Horwich, Bolton, Greater Manchester BL6 6PD4
£340K04/210.23 mi29, Sandringham Road, Horwich, Bolton, Greater Manchester BL6 6NX4
£1.3M06/210.24 miNew Chapel Cottage, New Chapel Lane, Horwich, Bolton, Greater Manchester BL6 6QN4
£375K07/230.34 mi18, Sefton Lane, Horwich, Bolton, Greater Manchester BL6 6HJ4
£317K04/210.34 mi14, Crowborough Close, Lostock, Bolton, Greater Manchester BL6 4LZ4
£380K09/230.41 mi6, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH4
£320K04/210.41 mi34, Holmebrook Drive, Horwich, Bolton, Greater Manchester BL6 6RH4
£292.5K03/210.43 mi30, Higherbrook Close, Horwich, Bolton, Greater Manchester BL6 6SQ4
£300K06/210.46 mi1, Marston Close, Lostock, Bolton, Greater Manchester BL6 4JL4
£333K01/210.51 mi5, Bleasdale Close, Lostock, Bolton, Greater Manchester BL6 4NE4
£435.3K08/230.53 mi31, Purbeck Drive, Lostock, Bolton, Greater Manchester BL6 4JF4
£315K12/200.53 mi25, Purbeck Drive, Lostock, Bolton, Greater Manchester BL6 4JF4
£360K10/220.53 mi42, Purbeck Drive, Lostock, Bolton, Greater Manchester BL6 4JF4
£260K07/230.55 mi66, Alexandra Road, Lostock, Bolton, Greater Manchester BL6 4BG4
£485K10/200.55 mi8, Ridgmont Drive, Horwich, Bolton, Greater Manchester BL6 6RR4
£490K09/230.57 mi2, Stoneacre, Lostock, Bolton, Greater Manchester BL6 4ND4
£445K01/210.58 mi12, Silver Birch Close, Lostock, Bolton, Greater Manchester BL6 4GF4
£270K03/210.61 mi12, Kensington Drive, Horwich, Bolton, Greater Manchester BL6 6AE4
£345K01/210.61 mi43, Kensington Drive, Horwich, Bolton, Greater Manchester BL6 6AE4
£295K06/230.61 mi7, Nevy Fold Avenue, Horwich, Bolton, Greater Manchester BL6 6QG4
£220K01/210.64 mi59, Harrier Close, Lostock, Bolton, Greater Manchester BL6 4GJ4
£328K07/210.64 mi10, Bottom O Th Moor, Horwich, Bolton, Greater Manchester BL6 6QF4
£282.5K05/210.69 mi21, Stocks Park Drive, Horwich, Bolton, Greater Manchester BL6 6BU4
£240K05/210.7 mi19, Bond Close, Horwich, Bolton, Greater Manchester BL6 5PZ4
£840K01/230.71 mi80, Chorley New Road, Lostock, Bolton, Greater Manchester BL6 4AL4
£189K01/210.71 mi117, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PF4
£525K01/210.72 miHeather Bank, Chorley Old Road, Horwich, Bolton, Greater Manchester BL6 6PT4
£455K12/200.73 miGingham House, Gingham Brow, Horwich, Bolton, Greater Manchester BL6 6PJ4
£245K10/210.84 mi25, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5NA4
£495K08/230.91 miRedthorn, Foxholes Road, Horwich, Bolton, Greater Manchester BL6 6AS4
£320K01/230.94 mi36, Brooklands, Horwich, Bolton, Greater Manchester BL6 5RW4
£345K12/220.94 mi1, Manor Road, Horwich, Bolton, Greater Manchester BL6 6AR4
£452.5K12/200.96 mi681, Chorley New Road, Lostock, Bolton, Greater Manchester BL6 4AG4

Local Rents

12 rents from £850/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£85012/240.05 miBrazley Avenue, Horwich3
£99502/240.13 mi-3
£1,15004/250.17 mi-3
£1,15012/240.31 miSefton Lane, Horwich, Bolton3
£87512/240.35 mi-3
£1,00012/240.39 miNapier Drive, Horwich3
£1,45012/240.4 mi36 Higherbrook Close, The Meadows, Bolton, BL6 6SQ4
£1,19504/250.41 mi-3
£1,30012/240.41 miHigherbrook Close, Horwich, Bolton4
£1,60012/240.44 miSt. Leonards Avenue, Lostock4
£95001/250.49 mi-3
£1,99512/240.57 miSilver Birch Close, Lostock, Bolton5

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

2.01 miles away

Nearest school

0.30 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £200,000

March 6, 2025

Floor Plans

Description

  • No chain +
  • Four double bedrooms +
  • Two reception rooms plus kitchen and separate utility +
  • Bathroom and DSWC around 12 months old +
  • Large rear garden and substantial driveway +
  • One of the larger designs of semi detached homes within the development +
  • Motorway and train link around 1.5 miles +
  • Access to a number of primary and secondary schools +
  • Manchester commuter belt +
  • Potential for further extension +

One of the larger designs of semi detached homes within the development and available with the great benefit of no chain. The ground floor includes two individual reception rooms plus kitchen and separate utility. The ground floor WC was modernised just around 12 months ago. To the first floor there are four double bedrooms served by the family bathroom which was also replaced approximately 12 months ago as was the gas central heating boiler. The windows are UPVC double glazed throughout and as you will note in the photographs the property does require some further general modernisation. Undoubtedly, the key strengths to this home are the large plot with well orientated rear garden and the overall size and flexibility. The seller informs us that the property is Freehold Council Tax is Band B - £1,786.72 Located close to Chorley New Road in Horwich we find that many people look to settle within this area due to the convenient location as amenities such as key motorway and train links are around 1.5 miles away and there is also access to a great variety of shops and services at the nearby Middlebrook retail development. Popular primary and secondary schools serve the area and the town in general boasts excellent access to pleasant countryside. The property offers a family friendly package and an early viewing is advised

Agent Details

Lancasters Estate Agents, Bolton

01204 326705

Next Steps?

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