2 Bed Flat, Single Let, Kearsley, BL4 9DW, £75,000

Flat 12, Lever House, Moorfield Chase, Farnworth, Bolton, Lancashire, BL4 9DW - 24 days ago

Leasehold
Auction
BTL
ROI: 17%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£72K - £155K
Sold Prices/m²£1.2K/m² - £2.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£92,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£725 - £1,497

Rent Estimate

£750

Running Costs/mo

£404

Cashflow/mo

£346

Cashflow/yr

£4,148

ROI

18%

Gross Yield

12%

Local Sold Prices

38 sold prices from £72K to £155K, average is £95.5K. £1.2K/m² to £2.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£87K09/220 miFlat 2, Lever House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DW2
£72K10/210.02 miFlat 20, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£80K12/220.02 miFlat 5, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£82.5K01/220.02 miFlat 10, Bridgeman House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DU2
£72K02/210.03 miFlat 6, Shaw House, Moorfield Chase, Farnworth, Bolton, Greater Manchester BL4 9DQ2
£110K06/230.15 mi3, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£90K11/220.15 mi8, Ruskin Court, Farnworth, Bolton, Greater Manchester BL4 9EQ2
£105K10/220.18 mi23, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£77K10/200.18 mi4, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K02/230.18 mi7, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£100K12/220.18 mi3, Ceres Chase, Farnworth, Bolton, Greater Manchester BL4 9EW2
£75K11/200.31 mi87, Buckley Lane, Farnworth, Bolton, Greater Manchester BL4 9PQ2
£75K02/210.47 mi3, Reed Close, Farnworth, Bolton, Greater Manchester BL4 7EF2
£99K01/220.48 mi15, Glynne Street, Farnworth, Bolton, Greater Manchester BL4 7DN2
£88K06/220.58 mi67, Dixon Green Drive, Farnworth, Bolton, Greater Manchester BL4 7EE2
£95K08/210.6 mi32, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£96K06/210.61 mi26, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£100K12/210.61 mi20, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£90K12/200.61 mi16, Hatherton Court, Worsley, Manchester, Greater Manchester M28 3ER2
£110K05/240.62 mi8, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£96K07/230.62 mi2, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£120K12/200.62 mi74, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£100K05/210.62 mi18, Lentworth Drive, Worsley, Manchester, Greater Manchester M28 3EX2
£85K07/220.63 miFlat 6, Highfield Court, Masefield Drive, Farnworth, Bolton, Greater Manchester BL4 9TF2
£130K01/230.65 mi16, Hirst Avenue, Worsley, Manchester, Greater Manchester M28 3QH2
£105K03/230.67 mi17, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.68 mi34, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K01/230.68 mi32, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£78K04/210.69 mi16, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£140K11/210.69 mi47, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£110K10/220.69 mi31, Everside Close, Worsley, Manchester, Greater Manchester M28 3EY2
£155K10/220.86 mi155, Campbell Street, Farnworth, Bolton, Greater Manchester BL4 7HJ2
£90K10/200.94 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£93K10/200.94 mi17, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K08/220.95 mi22, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£100K01/230.96 mi24, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£95K02/220.97 mi9, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2
£102K07/230.97 mi11, Pear Tree Place, Farnworth, Bolton, Greater Manchester BL4 9RX2

Local Rents

51 rents from £725/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79503/240 miLever House, Moorfield Chase, Farnworth, Bolton2
£77503/240.01 miLever House Moorfield Chase, Farnworth, Bolton, BL42
£90010/240.02 mi-2
£1,40012/240.02 mi-2
£79503/240.02 miMoorfield Chase, Bolton2
£90010/240.06 mi-2
£72512/240.12 mi-2
£75012/230.15 mi-2
£75003/240.15 miRuskin Court, Farnworth, Bolton2
£80003/240.18 miKildare Street, Farnworth, Bolton, BL42
£80004/240.18 mi-2
£80011/230.18 mi-2
£85003/240.2 miBradford Street, Farnworth, Bolton - 2 BEDROOMS PLUS STUDY2
£79504/240.2 miBalmoral Road, Farnworth, Bolton, BL42
£79505/240.2 mi-2
£82504/240.22 miBradford Street, Farnworth, Bolton, BL42
£82505/240.22 mi-2
£85003/240.23 miLeinster Street, Farnworth, Bolton2
£85004/240.23 miLeinster Street, Farnworth, Bolton2
£87512/240.23 mi-2
£85004/240.24 miLeinster Street, Farnworth - 2 BEDROOMS PLUS STUDY2
£82504/240.27 mi18 Barton Street, Farnworth, Bolton, BL4 8BW2
£75003/240.29 miFernbeck Close, Farnworth, Bolton2
£75004/240.3 miFernbeck Close, Farnworth, BL42
£82505/240.32 mi-2
£82504/240.32 miSt. Germain Street, Farnworth, Bolton, BL42
£94504/240.32 miChurch Road, Farnworth, BL42
£1,27511/230.33 mi-2
£1,25003/240.34 miAlbert Road, Farnworth, Bolton, BL42
£1,19503/240.34 miAlbert Road, Farnworth, Bolton, BL42
£1,19504/240.34 miAlbert Road, Farnworth, Bolton, BL42
£1,19404/240.34 miAlbert Road, Farnworth, Bolton, BL42
£1,19405/240.34 miAlbert Road, Farnworth, Bolton, BL42
£1,14507/240.34 mi-2
£1,19512/240.34 mi-2
£1,19511/240.34 mi-2
£1,19504/250.34 mi-2
£85012/240.35 mi-2
£75003/240.38 miPeel Street, Farnworth, Bolton2
£82503/240.39 miSt. Germain Street, Farnworth, Bolton2
£1,49704/240.39 miKearsley, Kearsley, Bolton, BL42
£99706/240.39 mi-2
£99704/240.39 miKearsley, Kearsley, Bolton, BL42
£99704/240.39 miKearsley, Kearsley, Bolton, BL42
£99712/240.39 mi-2
£99712/240.39 mi-2
£85003/250.4 mi-2
£79505/240.43 miBuckley Court, Buckley Lane, Farnworth, Bolton, BL42
£82502/240.44 mi-2
£89512/240.44 mi-2
£80009/230.46 mi-2

Local Area Statistics

Population in BL4

33,664

Town centre distance

1.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Seller's market

Capital growth (5yrs)

+61%

Property History

Listed for £75,000

March 18, 2025

Description

  • TO BE SOLD BY PUBLIC ONLINE AUCTION ON 30TH APRIL 2025. +
  • PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION. +
  • YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THE AUCTIONEER'S WEBSITE. +

Description

A top floor two bedroom apartment in reasonable internal condition and offered with vacant possession. The property is situated on the third floor of a purpose built apartment building which forms part of a wider housing development on the edge of Farnworth close to local amenities and facilities including Bolton Royal Hospital approximately 2 miles away. The property would make an excellent "lock up" or rental investment and benefits from an allocated parking space.

Location

Lever House forms part of the Moorfield Chase development and is accessed from Long Causeway (A5082) in a popular residential location. A number of amenities are situated within easy walking distance including some local shops and a large Tesco Superstore. Bolton town centre sits 4 miles to the north.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 29TH APRIL AND CLOSES ON WEDNESDAY 30TH APRIL.

3. Energy Performance Certificate = C

4. We understand there has been recent interest to rent the property at circa £900pcm.

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

Tenure Comments

799 year leasehold title from 1st January 1996 GM728083

Agent Details

Pugh and Company, Manchester

01942 368361

Next Steps?

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