2 Bed Terraced House, Refurb/BRRR, Bolton, BL1 5JW, £75,000

Bowen Street, Bolton, BL1 5JW - 2 views - a month ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 7%
~68 m²
+8 photos

ValuationFair Value

Sold Prices£63K - £175K
Sold Prices/m²£989/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£75,000

 

 

End Value (After Refurb)

£101,976

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£28,709

Bridging Loan Interest

£1,969

Total Cash In

£56,128

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£101,976

Mortgage (After Refinance)

£76,482

Mortgage LTV

75%

Cash Released

£20,232

Cash Left In

£35,896

Equity

£25,494

Rent Range

£433 - £2,250

Rent Estimate

£812

Running Costs/mo

£501

Cashflow/mo

£311

Cashflow/yr

£3,731

ROI

7%

Gross Yield

13%

Local Sold Prices

50 sold prices from £63K to £175K, average is £107.5K. £989/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£76K02/210.01 mi9, Bowen Street, Bolton, Greater Manchester BL1 5JW2
£86K08/210.04 mi25, Dougill Street, Heaton, Bolton, Greater Manchester BL1 5JY2
£96K09/210.04 mi20, Dougill Street, Heaton, Bolton, Greater Manchester BL1 5JY2
£73K04/210.04 mi18, Dougill Street, Heaton, Bolton, Greater Manchester BL1 5JY2
£100K11/230.06 mi5, Chapman Street, Bolton, Greater Manchester BL1 5JX2
£100K05/230.06 mi4, Chapman Street, Bolton, Greater Manchester BL1 5JX2
£75K12/230.06 mi17, Chapman Street, Bolton, Greater Manchester BL1 5JX2
£100K04/210.08 mi32, Stanley Road, Bolton, Greater Manchester BL1 5JZ2
£84K12/200.09 mi13, Shipton Street, Bolton, Greater Manchester BL1 4QD2
£110K11/210.13 mi15, Sofa Street, Bolton, Greater Manchester BL1 4QE2
£105K06/210.15 mi76, Stanley Road, Bolton, Greater Manchester BL1 5LA2
£63K11/200.16 mi14, Northern Grove, Bolton, Greater Manchester BL1 4JZ2
£135K09/210.18 mi5, New Barn Street, Bolton, Greater Manchester BL1 6AQ2
£130K05/210.18 mi4, Shelbourne Avenue, Bolton, Greater Manchester BL1 6AL2
£112K03/210.2 mi51, Lowndes Street, Bolton, Greater Manchester BL1 4PU2
£125K10/210.21 mi137, Cope Bank West, Bolton, Greater Manchester BL1 6EJ2
£90K01/210.21 mi179, Mornington Road, Bolton, Greater Manchester BL1 4EN2
£97K10/230.22 mi97, Oxford Grove, Bolton, Greater Manchester BL1 4JH2
£137.9K04/210.23 mi169, Devonshire Road, Bolton, Greater Manchester BL1 5LD2
£67.5K09/210.23 mi4, Dudwell Close, Bolton, Greater Manchester BL1 6FA2
£148K04/230.24 mi18, Malvern Avenue, Bolton, Greater Manchester BL1 5LZ2
£120K01/210.24 mi32, Malvern Avenue, Bolton, Greater Manchester BL1 5LZ2
£150K07/230.24 mi4, Malvern Avenue, Bolton, Greater Manchester BL1 5LZ2
£120K12/220.25 mi39, Melrose Avenue, Bolton, Greater Manchester BL1 5NA2
£103.3K03/210.25 mi73, Melrose Avenue, Bolton, Greater Manchester BL1 5NA2
£87.5K12/220.26 mi67, Victoria Grove, Bolton, Greater Manchester BL1 4JN2
£115K02/210.26 mi12, Stratford Avenue, Bolton, Greater Manchester BL1 6AX2
£87K09/230.26 mi12, Stratford Avenue, Bolton, Greater Manchester BL1 6AX2
£90K07/230.27 mi46, Victoria Grove, Bolton, Greater Manchester BL1 4JN2
£155K06/230.27 mi8, Rathybank Close, Bolton, Greater Manchester BL1 6HA2
£175K06/230.27 mi52, Abbotsford Road, Bolton, Greater Manchester BL1 6AY2
£118K04/230.27 mi25, Rutland Grove, Bolton, Greater Manchester BL1 4JD2
£130K11/210.28 mi59, Lonsdale Road, Bolton, Greater Manchester BL1 4PW2
£110K12/210.28 mi67, Lonsdale Road, Bolton, Greater Manchester BL1 4PW2
£115K12/200.28 mi52, Lonsdale Road, Bolton, Greater Manchester BL1 4PW2
£115K08/230.28 mi9, Lonsdale Road, Bolton, Greater Manchester BL1 4PW2
£122K02/210.28 mi6, Cloverdale Square, Bolton, Greater Manchester BL1 6AU2
£125K10/210.28 mi61, Crosby Road, Bolton, Greater Manchester BL1 4EL2
£67K07/230.28 mi12, Crosby Road, Bolton, Greater Manchester BL1 4EL2
£90K01/210.28 mi13, Crosby Road, Bolton, Greater Manchester BL1 4EL2
£78.5K09/230.28 mi129, Musgrave Road, Bolton, Greater Manchester BL1 4HW2
£86K02/230.29 mi22, Rutland Grove, Bolton, Greater Manchester BL1 4JD2
£133K04/230.29 mi14, Thornley Avenue, Bolton, Greater Manchester BL1 6ED2
£102.4K09/210.3 mi81, Captains Clough Road, Bolton, Greater Manchester BL1 5RS2
£118K10/210.31 mi4, Cundey Street, Bolton, Greater Manchester BL1 3BT2
£90K12/200.31 mi15, Keighley Street, Bolton, Greater Manchester BL1 6EB2
£145K02/210.31 mi21, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£79K01/210.31 mi8, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£126K03/210.31 mi14, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£135K06/230.32 mi205, Hatfield Road, Bolton, Greater Manchester BL1 3BU2

Local Rents

50 rents from £433/mo to £2.3K/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£89512/240.09 mi-2
£94501/250.09 mi-2
£99504/250.09 mi-2
£99501/250.09 mi-2
£75003/240.11 miAtlas Mill, Bentinck Street, Bolton2
£62512/240.18 mi-2
£62502/250.18 mi-2
£67512/240.21 mi-2
£89503/240.22 miMalvern Avenue, Bolton2
£65003/240.22 miKaymar Court, Chorley Old Road, Bolton. **AVAILABLE NOW***2
£80003/240.23 miKenilworth Square, Heaton, Bolton2
£75003/250.25 mi-2
£70004/240.26 miRawson Road, Bolton2
£79512/240.26 mi-2
£79504/240.26 miLonsdale Road, Bolton, BL12
£65003/240.29 miBowkers Row, Bolton, BL12
£65003/240.29 mi-2
£2,25003/240.29 mi-2
£82503/250.29 mi-2
£79501/250.3 mi-2
£80003/240.3 miBeverley Road, Heaton, Bolton, BL12
£85003/240.3 miBeverley Road, Heaton, Bolton2
£75004/240.3 miHatfield Road, Bolton2
£80012/230.31 mi-2
£75003/240.31 mi-2
£75003/240.31 miKirkby Road, Bolton, BL12
£82503/240.31 miKirkby Road, Heaton, Bolton2
£75004/240.32 miThornley Mews, Smithills2
£79502/250.33 mi-2
£90003/240.34 miQueensgate, Bolton, BL12
£75003/240.34 miOsborne Grove, Bolton2
£85003/240.36 miMusgrave Road, Bolton2
£43303/240.36 miHastings Road, Bolton2
£79504/250.37 mi-2
£75003/240.38 miLincoln Road, Bolton2
£80001/250.38 mi-2
£80003/250.39 mi-2
£90004/250.39 mi-2
£97503/250.4 mi-2
£80003/240.4 miBeatrice Road, Bolton, Greater Manchester, BL12
£80003/240.41 miHereford Road, Bolton, BL12
£95001/250.41 mi-2
£90001/250.41 mi-2
£79504/240.41 miHereford Road, Bolton, Greater Manchester, BL12
£90011/240.42 mi-2
£90004/250.42 mi-2
£75011/230.43 mi-2
£75011/230.43 mi-2
£70003/240.43 miHatfield Road, Bolton, Greater Manchester2
£81502/240.44 mi-2

Local Area Statistics

Population in BL1

63,206

Population in Bolton

217,471

Town centre distance

0.83 miles away

Nearest school

0.30 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £75,000

March 14, 2025

Floor Plans

Description

  • Two Bedroom Terrace +
  • Ground Floor Bathroom Suite +
  • Car Port Parking To Rear +
  • Great Investment +
  • Ideal First Time Buyers Home +
  • Walijgn Distance to Local Amenities and Shops +
  • Popular Residential Location +
  • Twp Double Bedrooms +
  • UPVC Double Glazing Throughout +
  • New Electric Fire and Surround +

Nestled in a popular residential location, this charming 2-bedroom mid-terraced house presents a fantastic opportunity for both first-time buyers and investors alike. This delightful property boasts a ground floor bathroom suite, ideal for convenient living, along with the added benefit of a car port parking space to the rear – a rare find in this sought-after area. Inside, the house offers living space featuring a new electric fire and surround. The two double bedrooms are well-appointed and offer ample space for rest and relaxation. The property also benefits from UPVC double glazing throughout, ensuring energy efficiency and sound insulation, enhancing the overall comfort of the home. Situated within walking distance to local amenities and shops, this residence combines convenience with a desirable location, making it a must-see for those seeking a comfortable and well-connected living space. Property is in need of updating and modernising.

Stepping outside, the property reveals a gated rear yard with a flagged patio area, offering a private outdoor retreat perfect for al fresco dining or simply relaxing in the fresh air. A notable feature of this property is the car port parking space located over the yard, providing off-road parking that is a valuable asset in this urban setting, allowing residents the luxury of dedicated parking in the heart of the town.

With its well-appointed interiors and thoughtfully designed outdoor spaces, this property offers a harmonious blend of comfort and practicality, creating a welcoming abode that is sure to impress discerning buyers seeking a residence that ticks all the boxes in terms of location, amenities, and lifestyle.
EPC Rating: D

Agent Details

Movuno, Bolton

01204 654525

Next Steps?

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