2 Bed Semi-Detached House, Refurb/BRRR, Bolton, BL2 6JE, £160,000

Forton Avenue, BOLTON, Lancashire, BL2 6JE - a month ago

Sold STC
Leasehold
Refurb/BRRR
Planning
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£65K - £230K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£113,696

 

 

End Value (After Refurb)

£159,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£28,800

Bridging Loan Interest

£4,200

Total Cash In

£83,950

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,250

Mortgage (After Refinance)

£119,438

Mortgage LTV

75%

Cash Left In

£83,950

Equity

£39,813

Rent Range

£625 - £995

Rent Estimate

£800

Running Costs/mo

£678

Cashflow/mo

£122

Cashflow/yr

£1,468

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £230K, average is £122.3K. £1K/m² to £4.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£137K07/210.09 mi68, Garstang Avenue, Bolton, Greater Manchester BL2 6JN2
£150K10/210.11 mi17, Garstang Avenue, Bolton, Greater Manchester BL2 6JW2
£125K11/220.13 mi761, Bury Road, Bolton, Greater Manchester BL2 6PB2
£95K06/210.16 mi6, Barnacre Avenue, Bolton, Greater Manchester BL2 6LA2
£102K12/200.21 mi21, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£105K12/200.21 mi23, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£113.5K12/200.21 mi45, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£121K01/210.23 mi22, Gregory Avenue, Bolton, Greater Manchester BL2 6HS2
£100K12/200.23 mi13, Gregory Avenue, Bolton, Greater Manchester BL2 6HS2
£120K06/210.24 mi41, Crompton Avenue, Bolton, Greater Manchester BL2 6PG2
£178K07/230.29 mi2, Torridon Road, Bolton, Greater Manchester BL2 6LS2
£112K12/200.3 mi9, Arnside Grove, Bolton, Greater Manchester BL2 6PL2
£152.5K03/210.31 mi4, Withins Drive, Bolton, Greater Manchester BL2 5LE2
£195K06/210.33 mi92, Tarbet Drive, Bolton, Greater Manchester BL2 6LX2
£195K05/230.34 mi67, Tarbet Drive, Bolton, Greater Manchester BL2 6LX2
£230K10/220.34 mi63, Tarbet Drive, Bolton, Greater Manchester BL2 6LX2
£155K06/210.35 mi25, Rannoch Road, Bolton, Greater Manchester BL2 6LY2
£122.5K11/200.35 mi2, Lovat Road, Bolton, Greater Manchester BL2 6LP2
£110K01/210.36 mi3, Stephens Street, Bolton, Greater Manchester BL2 5DT2
£120K06/230.37 mi15, Lever Hall Road, Bolton, Greater Manchester BL2 6DJ2
£121K06/210.38 mi2, Morar Drive, Bolton, Greater Manchester BL2 6NH2
£102K01/210.4 mi75, Withins Drive, Bolton, Greater Manchester BL2 5LG2
£130K05/230.41 mi7, Goldrill Gardens, Bolton, Greater Manchester BL2 5NL2
£183K02/230.41 mi30, Withins Lane, Bolton, Greater Manchester BL2 5DZ2
£71.5K05/210.41 mi4, Oakenbottom Road, Bolton, Greater Manchester BL2 6DG2
£117.5K12/210.41 mi38, Swinside Road, Bolton, Greater Manchester BL2 5NG2
£200K12/220.42 mi50, Oakenbottom Road, Bolton, Greater Manchester BL2 6DQ2
£139.9K12/200.43 mi89, Oakenbottom Road, Bolton, Greater Manchester BL2 6DN2
£140K11/200.44 mi5, Falkland Road, Bolton, Greater Manchester BL2 6ND2
£140K05/210.45 mi78, Deepdale Road, Bolton, Greater Manchester BL2 5LR2
£126K07/210.45 mi2, Torver Drive, Bolton, Greater Manchester BL2 5LZ2
£199.9K11/210.46 mi5, Oakhill Close, Bolton, Greater Manchester BL2 6LE2
£147K03/210.47 mi8, Crediton Drive, Bolton, Greater Manchester BL2 6LF2
£154K06/230.51 mi65a, Burnmoor Road, Bolton, Greater Manchester BL2 5LU2
£98K12/220.53 mi3, Bury New Road, Breightmet, Bolton, Greater Manchester BL2 6QE2
£65K04/210.53 mi38, Beechcroft Grove, Bolton, Greater Manchester BL2 6EZ2
£85K02/210.54 mi463, Bury Road, Bolton, Greater Manchester BL2 6DF2
£105K02/210.54 mi201, Long Lane, Bolton, Greater Manchester BL2 6EX2
£115K11/200.57 mi30, Hatherleigh Walk, Bolton, Greater Manchester BL2 6TS2
£150K02/230.57 mi20, Hatherleigh Walk, Bolton, Greater Manchester BL2 6TS2
£123K03/230.6 mi32, Hind Street, Bolton, Greater Manchester BL2 6BN2
£138.5K04/230.61 mi49, Redcedar Park, Bolton, Greater Manchester BL2 6GJ2
£105K05/230.62 mi17, South View Street, Bolton, Greater Manchester BL2 6BS2
£125K06/230.63 mi367, Bury Road, Bolton, Greater Manchester BL2 6DE2
£75K12/200.63 mi439, Bury Road, Bolton, Greater Manchester BL2 6DE2
£105K04/230.63 mi423, Bury Road, Bolton, Greater Manchester BL2 6DE2
£98K01/210.63 mi8, Tomlin Square, Bolton, Greater Manchester BL2 6BU2
£122K11/200.64 mi2, Highwood Close, Bolton, Greater Manchester BL2 5FA2
£137K03/230.66 mi7, Newlands Avenue, Bolton, Greater Manchester BL2 5EU2
£80.5K04/210.66 mi19, Newlands Avenue, Bolton, Greater Manchester BL2 5EU2

Local Rents

15 rents from £625/mo to £995/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£82511/240.1 mi-2
£75003/240.18 miBury Road, Breightmet, Bolton2
£77503/240.18 miBury Road, Bolton2
£77505/240.18 miBury Road, Bolton2
£76012/240.22 mi** Crompton Avenue, Bolton **2
£99501/250.22 mi-2
£89503/250.23 mi-2
£77503/240.28 miBury Road, Breighmet, Bolton2
£87503/250.3 mi-2
£82503/250.31 mi-2
£62502/240.32 mi-2
£82503/250.52 mi-2
£67512/240.53 miLydford Gardens, Bolton, Greater Manchester, BL22
£75003/240.59 mi83 Winster Drive, Bolton, BL2 5HA2
£85002/240.61 mi-2

Local Area Statistics

Population in BL2

45,845

Population in Bolton

217,471

Town centre distance

3.75 miles away

Nearest school

0.10 miles away

Nearest train station

1.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £160,000

March 7, 2025

Floor Plans

Description

Two-Bedroom Semi-Detached House with Huge Potential - Bolton, BL2
This two-bedroom semi-detached property in the popular BL2 postcode of Bolton presents a fantastic opportunity to create your dream home or a lucrative investment project. While requiring modernisation, this property boasts "bags of potential" and offers a blank canvas for those looking to add their own stamp.
Key Features:
• Two Bedrooms: Offering comfortable accommodation, ideal for small families, couples, or individuals.
• Semi-Detached: Providing a sense of privacy and space.
• Generous Plot: Potential for garden development or extension (subject to planning permissions).
• Ideal Location: Situated in the desirable BL2 area of Bolton, offering convenient access to local amenities, schools, and transport links.
• Huge Potential: Requires modernisation, allowing you to tailor the property to your specific tastes and needs.
• Opportunity for Investment: A fantastic prospect for buy-to-let investors or those looking to add value and resell.

Agent Details

Entwistle Green, Bolton

01204 326012

Next Steps?

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