3 Bed Semi-Detached House, Single Let, Bolton, BL6 6HT, £160,000

20, Cedar Avenue, Horwich, Bolton, BL6 6HT - 2 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 5%
~93 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£850 - £1,195

Rent Estimate

£883

Running Costs/mo

£697

Cashflow/mo

£186

Cashflow/yr

£2,237

ROI

5%

Gross Yield

7%













Local Rents

11 rents from £850/mo to £1.2K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,15012/240.19 miSefton Lane, Horwich, Bolton3
£99502/240.21 mi-3
£1,15004/250.23 mi-3
£85012/240.26 miBrazley Avenue, Horwich3
£95001/250.31 mi-3
£1,19504/250.31 mi-3
£87512/240.37 mi-3
£99512/240.44 miHarrier Close, Lostock, Bolton, BL63
£1,00012/240.45 miNapier Drive, Horwich3
£95012/240.52 miFoxhunter Close, Lostock, BL63
£93512/240.53 mi-3

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

2.02 miles away

Nearest school

0.10 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £160,000

March 11, 2025

Description

  • TO BE SOLD UNDER AUCTION TERMS +
  • RENOVATE AND RE SELL +
  • HIGHLY DESIRABLE AREA +
  • GREAT POTENTIAL +
  • SPACIOUS SEMI DEATCHED WITH LARGE GARDENS +

TO BE SOLD BY ONLINE AUCTION ON 26th MARCH 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS AND CONDITIONS 20, Cedar Avenue, Horwich, Bolton, BL6 6HT Not yet inspected by Edward Mellor but reported to comprise; porch, hallway, lounge, dining room, kitchen, utility room, three bedrooms and a bathroom. Front garden with driveway and one of the largest rear gardens on the avenue, offering scope for extension, subject to planning. More photos to follow. A fantastic opportunity to acquire a vacant semi-detached home in a sought-after residential area. This property offers great potential, making it an ideal project for investors, developers looking for a profitable resale, or homebuyers looking to add value. Here are some similar properties taken from Land Registry which have sold close by, highlighting the potential this property offers: 18, Cedar Avenue, Bolton, BL6 6HT-Sold - 13/09/2023 £287,000 Semi-Detached 3 beds 0.00 mi 27, Alexandra Road, Bolton, BL6 4BD- Sold - 02/02/2024 £325,000 Semi-Detached 3 beds 0.27 mi 1031, Chorley New Road, Bolton, BL6 4LW- Sold - 21/10/2024 £250,000 Semi-Detached 3 beds 0.31 mi Tenant ready property rental values in the area are in the region of £1250- £1350pcm.  

Located in a popular neighbourhood, the property is close to local schools, shops, and amenities. Middlebrook Retail Park is just a short drive away, offering a variety of shopping and dining options and excellent transport links, including easy access to the M61 and Horwich Parkway Station, make this a convenient location for commuters.

This is a rare chance to secure a home with significant potential in a highly desirable area.

Agent Details

Edward Mellor Ltd, Auction

0161 524 2443

Next Steps?

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