3 Bed Terraced House, Refurb/BRRR, Bolton, BL2 2SX, £130,000

6 Shireburn Avenue, Bolton - a month ago

Leasehold
Auction
Refurb/BRRR
Planning
ROI: 11%
80 m²
+20 photos

ValuationFair Value

Sold Prices£80.5K - £265K
Sold Prices/m²£901/m² - £3K/m²

 

 

Square Metres

80 m²
Price/m²£1.6K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£134,848

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£33,827

Bridging Loan Interest

£3,413

Total Cash In

£79,290

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£134,848

Mortgage (After Refinance)

£101,136

Mortgage LTV

75%

Cash Released

£3,636

Cash Left In

£75,654

Equity

£33,712

Rent Range

£925 - £3,000

Rent Estimate

£1,471

Running Costs/mo

£736

Cashflow/mo

£735

Cashflow/yr

£8,825

ROI

11%

Gross Yield

14%

Local Sold Prices

50 sold prices from £80.5K to £265K, average is £145K. £901/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£137.5K11/210.1 mi40, Skipton Street, Bolton, Greater Manchester BL2 2PR3
£169.8K03/230.11 mi1, Downham Avenue, Bolton, Greater Manchester BL2 2TD3
£160K11/220.13 mi67, Rossall Road, Bolton, Greater Manchester BL2 2QF3
£145K06/230.14 mi178, Ainsworth Lane, Bolton, Greater Manchester BL2 2PY3
£235K01/230.17 mi56, Staton Avenue, Bolton, Greater Manchester BL2 2SW3
£150K03/210.2 mi84, Staton Avenue, Bolton, Greater Manchester BL2 2SN3
£127K02/230.2 mi7, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£137K02/210.2 mi42, Chiltern Drive, Bolton, Greater Manchester BL2 6AP3
£199.5K02/230.21 mi45, Archer Avenue, Bolton, Greater Manchester BL2 2SJ3
£118.5K03/210.22 mi174, Turner Bridge Road, Bolton, Greater Manchester BL2 2RS3
£125K07/230.22 mi2, Kerry Grove, Bolton, Greater Manchester BL2 2QH3
£220K12/220.22 mi72, Crompton Way, Bolton, Greater Manchester BL2 2SD3
£96.5K07/230.24 mi83, Tonge Fold Road, Bolton, Greater Manchester BL2 6AN3
£145K05/210.27 mi38, Hypatia Street, Bolton, Greater Manchester BL2 6AA3
£80.5K05/230.27 mi5, Clegg Street, Bolton, Greater Manchester BL2 6BL3
£105K11/200.27 mi3, Tinsley Grove, Bolton, Greater Manchester BL2 2EZ3
£127K06/230.34 mi142, Bradford Street, Bolton, Greater Manchester BL2 1JS3
£103.5K10/210.37 mi15, Littlebrooke Close, Bolton, Greater Manchester BL2 2GX3
£140K11/210.37 mi41, Brierwood, Bolton, Greater Manchester BL2 2PF3
£187K11/210.37 mi52, Brierwood, Bolton, Greater Manchester BL2 2PF3
£130K07/230.37 mi22, Brierwood, Bolton, Greater Manchester BL2 2PF3
£190K07/230.37 mi80, Brierwood, Bolton, Greater Manchester BL2 2PF3
£120K12/200.39 mi289, Ainsworth Lane, Bolton, Greater Manchester BL2 2QN3
£232K11/210.4 mi59, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£185K10/200.4 miNorwood, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ3
£155K03/210.42 mi42, Parkdale Road, Bolton, Greater Manchester BL2 2QU3
£209K12/200.43 mi208, Crompton Way, Bolton, Greater Manchester BL2 2RZ3
£121K02/210.47 mi49, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£100K04/210.47 mi36, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£100K04/210.47 mi36, Romiley Crescent, Bolton, Greater Manchester BL2 5AT3
£88K11/210.49 mi67, Stephens Street, Bolton, Greater Manchester BL2 5DU3
£265K02/210.49 mi121, Radcliffe Road, Bolton, Greater Manchester BL2 1NU3
£125K09/210.5 mi88, Thicketford Road, Bolton, Greater Manchester BL2 2LU3
£95K05/230.5 mi2, Horsa Street, Bolton, Greater Manchester BL2 2DW3
£150K10/200.51 mi11, Blenheim Road, Bolton, Greater Manchester BL2 6EA3
£180K07/210.51 mi33, Blenheim Road, Bolton, Greater Manchester BL2 6EA3
£86.5K11/200.52 mi67, Bradford Park Drive, Bolton, Greater Manchester BL2 1PA3
£175K05/230.52 mi10, Bradford Park Drive, Bolton, Greater Manchester BL2 1PA3
£175K07/230.53 mi3, High Avenue, Bolton, Greater Manchester BL2 5AZ3
£129.8K03/210.54 mi109, Withins Lane, Bolton, Greater Manchester BL2 5DY3
£185K03/210.57 mi2, St James Avenue, Bolton, Greater Manchester BL2 6HY3
£118K12/200.58 mi11, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£210K03/210.58 mi2, Withins Grove, Bolton, Greater Manchester BL2 5AJ3
£186.5K02/230.58 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£130K09/210.59 mi9, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£116K07/210.59 mi20, Roscow Avenue, Bolton, Greater Manchester BL2 6HU3
£210K01/230.59 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£215K05/210.59 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£222K04/230.6 mi167, Radcliffe Road, Bolton, Greater Manchester BL2 1NZ3
£170K04/230.6 mi43, Gregory Avenue, Bolton, Greater Manchester BL2 6HS3

Local Rents

24 rents from £925/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97503/240.14 miJethro Street, Bolton, BL23
£1,35004/240.16 mi-3
£1,35004/240.16 miIlkley Close, Bolton, BL23
£3,00004/240.16 mi-3
£2,60005/240.16 mi-3
£2,70011/240.16 mi-3
£2,60004/250.16 mi-3
£1,10011/230.19 mi-3
£95002/240.21 mi-3
£1,20001/250.21 mi-3
£99502/250.29 mi-3
£97511/240.33 mi-3
£95004/240.33 miLittlebrooke Close, Bolton, BL23
£95004/240.33 miLittlebrooke Close, Bolton, BL23
£95005/240.33 mi-3
£1,25004/250.35 mi-3
£1,40005/240.37 mi-3
£2,99905/240.37 mi-3
£95003/240.37 miKingston Avenue, Bolton3
£92512/240.4 mi-3
£1,20003/250.44 mi-3
£1,20003/250.45 mi-3
£1,00004/240.54 mi-3
£1,00003/240.54 miTonge Moor Road, Bolton, BL23

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

2.96 miles away

Nearest school

0.30 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £130,000

March 7, 2025

Floor Plans

Description

  • Auction guide price £130,000 plus reservation fee +
  • Three bedroom terrace +
  • Large lounge/dining room +
  • Utility room +
  • Large rear garden with potential to extend STPP +
  • In need of some modernisation +
  • Perfect first time buyer property +
  • Excellent investment opportunity +
  • Walking distance to good schools +
  • Close to local amenities +

*FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £130,000 PLUS RESERVATION FEE* Resting in a quaint residential neighbourhood, this charming three-bedroom terraced house boasts a promising opportunity for both home buyers and savvy investors. The property, featuring a generous lounge/dining room and a practical utility room, offers a comfortable living space that is ripe for modernisation, allowing the discerning buyer to personalise and enhance to their own taste. On offer at a competitive auction guide price of £130,000 plus a reservation fee, this residence presents an attractive proposition for those seeking a smart investment in a desirable location.

Stepping outside the property reveals a delightful surprise in the form of a sizeable rear garden, providing an ideal space for outdoor recreation and potential to extend, subject to the necessary planning permissions. The outdoor area features a flagged pathway leading to the front door, alongside a small flagged area for added charm. Further exploration of the garden unveils a flagged patio, a small lawned area, bin storage, and a fence panel surround ensuring privacy and security. Completing the outdoor space are a timber rear gate and an outside hosepipe connection, catering to practical needs and enhancing the overall functionality of the property.

Positioned within walking distance to well-regarded schools and in close proximity to local amenities, this property not only offers a comfortable living experience but also promises convenience and ease of access to essential facilities. Whether you are a first-time buyer looking to create a home customised to your preferences or an investor searching for a property with great potential, this terraced house presents a compelling opportunity to secure a foothold in a sought-after area. Don't miss out on this chance to own a property with character, charm, and the promise of future possibilities – schedule a viewing today to experience all that this property has to offer. 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. AML Disclaimer Please note it is a legal requirement that we require verified ID from purchasers before instructing a sale. Please also note we shall require proof of funds before we instruct the sale, together with your instructed solicitors. Agents Note Under the 1979 Estate Agents Act we are obliged to inform all potential purchasers if the owner of this property is related to an employee of Wilcox Estate Agents Ltd. Agents Note We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Wilcox Estate Agents Ltd. IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. BUYERS INFORMATION To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Credas, which Wilcox Estate Agents Ltd will send your AML check. There is a nominal charge of £30 including VAT for this (per person), payable direct to Wilcox Estate Agents Ltd. Please note, we are unable to issue a memorandum of sale until the checks are complete. REFERRAL FEES We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Wilcox Estate Agents Ltd.

EPC Rating: E

Agent Details

Wilcox Estate Agents, Bolton

01204 803639

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪