3 Bed Terraced House, Single Let, Bolton, BL3 5RQ, £100,000

6 Melbourne Road, Bolton - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 14%
72 m²
+3 photos

ValuationUndervalued

Sold Prices£56.8K - £270K
Sold Prices/m²£890/m² - £2.7K/m²

 

 

Square Metres

72 m²
Price/m²£1.4K/m²

Value Estimate

£115,385
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£800 - £2,250

Rent Estimate

£869

Running Costs/mo

£506

Cashflow/mo

£363

Cashflow/yr

£4,352

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £56.8K to £270K, average is £138.5K. £890/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£131.5K07/210.07 mi195, Willows Lane, Bolton, Greater Manchester BL3 4AZ3
£110K10/210.09 mi31, Kylemore Avenue, Bolton, Greater Manchester BL3 5RD3
£104K11/210.11 mi6, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH3
£150K12/200.11 mi82, Melbourne Road, Bolton, Greater Manchester BL3 5RW3
£165K06/230.11 mi70, Melbourne Road, Bolton, Greater Manchester BL3 5RW3
£125K04/230.12 mi41, Park View Road, Bolton, Greater Manchester BL3 4BE3
£199.9K03/210.12 mi12, St Ethelberts Avenue, Bolton, Greater Manchester BL3 5RH3
£250K08/210.15 mi45, Wigan Road, Bolton, Greater Manchester BL3 5QH3
£270K01/230.15 mi63, Wigan Road, Bolton, Greater Manchester BL3 5QH3
£190K02/210.15 mi4, Sunadale Close, Bolton, Greater Manchester BL3 5RS3
£180K05/230.16 mi11, Hawthorne Road, Bolton, Greater Manchester BL3 5RE3
£143K04/230.16 mi34a, Cambria Street, Bolton, Greater Manchester BL3 4DE3
£105K05/210.18 mi37, Mercia Street, Bolton, Greater Manchester BL3 4BZ3
£150K01/230.19 mi223, Willows Lane, Bolton, Greater Manchester BL3 4HE3
£110K01/230.19 mi1, Chestnut Close, Bolton, Greater Manchester BL3 4DR3
£110K01/210.2 mi17, Clunton Avenue, Bolton, Greater Manchester BL3 4HD3
£65K10/210.21 mi63, Bankfield Street, Bolton, Greater Manchester BL3 5NA3
£119.8K11/210.23 mi289, Willows Lane, Bolton, Greater Manchester BL3 4HH3
£131K10/210.25 mi6, Beresford Avenue, Bolton, Greater Manchester BL3 5QD3
£165K06/230.25 mi10, Greenhill Avenue, Bolton, Greater Manchester BL3 4HB3
£135K03/210.28 mi51, Bankfield Street, Bolton, Greater Manchester BL3 5ND3
£168.7K11/220.28 mi12, Whiteland Avenue, Bolton, Greater Manchester BL3 5QB3
£130K06/210.28 mi185, Deane Church Lane, Bolton, Greater Manchester BL3 4EN3
£94K03/230.29 mi8, Lenora Street, Bolton, Greater Manchester BL3 4EZ3
£137K10/210.31 mi129, Deane Church Lane, Bolton, Greater Manchester BL3 4EQ3
£120K03/210.31 mi356, Deane Church Lane, Bolton, Greater Manchester BL3 4EU3
£100K05/210.31 mi300, Deane Church Lane, Bolton, Greater Manchester BL3 4EU3
£82K03/230.32 mi21, Minnie Street, Bolton, Greater Manchester BL3 4EF3
£141K06/210.39 mi308, Deane Road, Bolton, Greater Manchester BL3 5HH3
£160K05/230.4 mi390, Derby Street, Bolton, Greater Manchester BL3 6LS3
£112.1K12/220.4 mi2, Lindrick Terrace, Bolton, Greater Manchester BL3 5ET3
£167.5K02/210.45 mi11, Frinton Road, Bolton, Greater Manchester BL3 3TQ3
£210.5K12/220.46 mi4, Broxton Avenue, Bolton, Greater Manchester BL3 3TG3
£110K06/210.46 mi50, Hulton Lane, Bolton, Greater Manchester BL3 4JB3
£56.8K03/230.46 mi42, Hulton Lane, Bolton, Greater Manchester BL3 4JB3
£170K04/230.47 mi23, Woodbine Road, Bolton, Greater Manchester BL3 3JH3
£147.5K06/210.47 mi187, Ellesmere Road, Bolton, Greater Manchester BL3 3JN3
£160K09/210.49 mi88, Hulton Lane, Bolton, Greater Manchester BL3 4JD3
£97K08/230.49 mi122, Hulton Lane, Bolton, Greater Manchester BL3 4JD3
£173K08/210.5 mi5, Edge Hill Road, Bolton, Greater Manchester BL3 3TF3
£125K04/230.52 mi43, Sloane Street, Bolton, Greater Manchester BL3 3LT3
£155K02/210.53 mi9, Harbury Close, Bolton, Greater Manchester BL3 4JY3
£121K04/210.54 mi16, Peveril Street, Bolton, Greater Manchester BL3 3LR3
£179K08/210.54 mi10, Vigo Avenue, Bolton, Greater Manchester BL3 3TE3
£100K03/210.56 mi12, Platt Hill Avenue, Bolton, Greater Manchester BL3 4JR3
£250K11/220.56 mi21, Mars Avenue, Bolton, Greater Manchester BL3 3JW3
£106K02/210.58 mi90, Longfield Road, Bolton, Greater Manchester BL3 3SZ3
£155K06/210.58 mi414, St Helens Road, Bolton, Greater Manchester BL3 3RR3
£140K01/210.6 mi42, Haynes Street, Bolton, Greater Manchester BL3 3LW3
£158.5K12/200.61 mi424, Bridgeman Street, Bolton, Greater Manchester BL3 6TD3

Local Rents

16 rents from £800/mo to £2.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£85012/240.07 mi-3
£95004/250.09 mi-3
£1,35001/250.15 mi-3
£80003/250.17 mi-3
£90001/250.38 mi-3
£99512/240.73 mi-3
£99503/240.94 mi29 Harrow Street, Bolton, BL1 4NH3
£1,00008/241 mi-3
£1,30012/241.01 miFenton Way, Bolton, BL33
£2,25003/241.02 mi-3
£1,35001/251.06 mi-3
£88011/241.12 mi-3
£1,00004/241.13 miMarsden House, Marsden Road, Bolton3
£1,15004/241.17 miDorrian Mews, Heaton3
£1,30003/241.24 mi-3
£1,30003/241.24 mi-3

Local Area Statistics

Population in BL3

63,785

Population in Bolton

217,471

Town centre distance

1.83 miles away

Nearest school

0.10 miles away

Nearest train station

1.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £100,000

March 13, 2025

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £100,000

Unique opportunity for buyers seeking a property with potential. This three-bedroom mid-terrace home is being offered at auction, making it an ideal project for those looking to create their dream home or secure a rewarding investment.

With a spacious layout that includes an entrance vestibule, living room, and kitchen-diner on the ground floor, as well as three bedrooms and a bathroom on the first floor, this home offers plenty of scope for customization.

Outside, the property features a small garden area to the front and an enclosed yard to the rear, perfect for creating a private outdoor retreat. Situated in the Deane area of Bolton, the location offers convenient access to local amenities, transport links, and the town center, making it a practical choice for families or professionals.

Whether you're an experienced developer or a first-time buyer with a vision, 6 Melbourne Road presents an exciting opportunity to bring your ideas to life.

Council Tax Band: A
Tenure: Leasehold

Agent Details

Open House Estate Agents, Bolton

01204 326572

Next Steps?

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