3 Bed Terraced House, Single Let, Bolton, BL6 5NB, £160,000

Melbourne Grove, Horwich, Bolton, Lancashire, BL6 5NB - a month ago

BTL
ROI: 4%
~93 m²
+6 photos

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 - £2,000

Rent Estimate

£875

Running Costs/mo

£695

Cashflow/mo

£180

Cashflow/yr

£2,160

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £100K to £390K, average is £181.8K. £1.3K/m² to £4.1K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£232.5K01/230 mi39, Melbourne Grove, Horwich, Bolton, Greater Manchester BL6 5NB3
£135K02/210 mi23, Melbourne Grove, Horwich, Bolton, Greater Manchester BL6 5NB3
£180K12/220.02 mi15, Melbourne Grove, Horwich, Bolton, Greater Manchester BL6 5NB3
£203K03/240.05 mi8, Grosvenor Way, Horwich, Bolton, Greater Manchester BL6 6DJ3
£228.5K03/210.06 mi9, Melbourne Close, Horwich, Bolton, Greater Manchester BL6 6DL3
£183K04/210.1 mi11, Portland Place, Horwich, Bolton, Greater Manchester BL6 6BF3
£220K12/200.12 mi18, Nelson Street, Horwich, Bolton, Greater Manchester BL6 6BJ3
£230K11/220.13 mi20, Medway Drive, Horwich, Bolton, Greater Manchester BL6 6BZ3
£240K11/200.13 mi53, Brooklands, Horwich, Bolton, Greater Manchester BL6 5RW3
£181K05/210.15 mi73, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5ND3
£260K02/230.15 mi47, Gresley Avenue, Horwich, Bolton, Greater Manchester BL6 5TQ3
£225K02/210.15 mi27, Bond Close, Horwich, Bolton, Greater Manchester BL6 5PZ3
£225K05/210.18 mi24, Mill Lane, Horwich, Bolton, Greater Manchester BL6 6AT3
£233K02/210.2 mi19, Kensington Drive, Horwich, Bolton, Greater Manchester BL6 6AE3
£225K09/230.2 mi6, Stocks Park Drive, Horwich, Bolton, Greater Manchester BL6 6BU3
£182.5K09/230.22 mi160, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PE3
£129K11/200.22 mi31, Ramsbottom Road, Horwich, Bolton, Greater Manchester BL6 5NH3
£150K04/210.22 mi23, Ramsbottom Road, Horwich, Bolton, Greater Manchester BL6 5NH3
£145K03/230.22 mi11, Ramsbottom Road, Horwich, Bolton, Greater Manchester BL6 5NH3
£255K04/210.22 mi1, Gresley Avenue, Horwich, Bolton, Greater Manchester BL6 5TQ3
£232.5K04/210.22 mi15, Gresley Avenue, Horwich, Bolton, Greater Manchester BL6 5TQ3
£217.8K02/230.22 mi14, Gresley Avenue, Horwich, Bolton, Greater Manchester BL6 5TQ3
£239.9K05/210.22 mi30, Gresley Avenue, Horwich, Bolton, Greater Manchester BL6 5TQ3
£155K02/210.24 mi16, Hopwood Avenue, Horwich, Bolton, Greater Manchester BL6 7HA3
£280K10/200.24 miGlengarry, Chorley Old Road, Horwich, Bolton, Greater Manchester BL6 6AU3
£136K03/210.24 mi40, Penn Street, Horwich, Bolton, Greater Manchester BL6 5NR3
£170.5K09/210.24 mi1, Penn Street, Horwich, Bolton, Greater Manchester BL6 5NR3
£164K10/210.24 mi11, Penn Street, Horwich, Bolton, Greater Manchester BL6 5NR3
£155K03/210.24 mi29, Penn Street, Horwich, Bolton, Greater Manchester BL6 5NR3
£155K04/210.24 mi17, Webb Street, Horwich, Bolton, Greater Manchester BL6 5NS3
£135K10/210.25 mi36, Fox Street, Horwich, Bolton, Greater Manchester BL6 5NZ3
£145K08/210.25 mi8, Fox Street, Horwich, Bolton, Greater Manchester BL6 5NZ3
£355K09/210.26 mi15, The Strand, Horwich, Bolton, Greater Manchester BL6 6DB3
£189K06/230.26 mi82, Longworth Road, Horwich, Bolton, Greater Manchester BL6 7BE3
£208.5K06/230.26 mi76, Longworth Road, Horwich, Bolton, Greater Manchester BL6 7BE3
£147.5K03/210.27 mi195, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PJ3
£155K08/210.27 mi199, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PJ3
£180K04/210.27 mi168, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PQ3
£345K06/210.28 miInnisfree, Mill Lane, Horwich, Bolton, Greater Manchester BL6 6AQ3
£390K06/230.28 miInnisfree, Mill Lane, Horwich, Bolton, Greater Manchester BL6 6AQ3
£132K06/230.29 mi18, Siemens Street, Horwich, Bolton, Greater Manchester BL6 5PR3
£100K11/200.31 mi98, Longworth Road, Horwich, Bolton, Greater Manchester BL6 7EY3
£244K08/230.31 mi8, Tansley Close, Horwich, Bolton, Greater Manchester BL6 5ER3
£175K09/210.31 mi7, Tansley Close, Horwich, Bolton, Greater Manchester BL6 5ER3
£143K04/210.32 mi40, Thirlmere Avenue, Horwich, Bolton, Greater Manchester BL6 6DS3
£178K02/230.32 mi53, Thirlmere Avenue, Horwich, Bolton, Greater Manchester BL6 6DS3
£148K04/210.32 mi44, Thirlmere Avenue, Horwich, Bolton, Greater Manchester BL6 6DS3
£170K11/230.32 mi35, Thirlmere Avenue, Horwich, Bolton, Greater Manchester BL6 6DS3
£146K05/210.33 mi1, Hillside Avenue, Horwich, Bolton, Greater Manchester BL6 7HQ3
£233K11/230.33 mi1, Hillside Avenue, Horwich, Bolton, Greater Manchester BL6 7HQ3

Local Rents

18 rents from £850/mo to £2K/mo, average is £973/mo.

RentDateDistanceAddressBeds 
£1,10003/240.02 mi-3
£87502/240.2 mi-3
£90003/250.32 mi-3
£92504/250.32 mi-3
£95012/240.51 mi-3
£1,30012/240.51 mi-3
£95004/250.57 mi-3
£1,00012/240.57 miNapier Drive, Horwich3
£1,29502/250.61 mi-3
£87512/240.67 mi-3
£2,00012/240.72 mi-3
£1,15004/250.73 mi-3
£85012/240.74 miBrazley Avenue, Horwich3
£90012/240.76 miCrown Lane, Horwich3
£1,19504/250.86 mi-3
£1,15012/240.87 miSefton Lane, Horwich, Bolton3
£99502/240.92 mi-3
£95001/251.03 mi-3

Property History

Listed for £160,000

March 19, 2025

Description

  • Three Bedroom Mid Terrace +
  • Long Standing Tenant - 6% Yield +
  • Excellent Condition Throughout +
  • No Chain +
  • Modern Kitchen & Bathroom +
  • Close to Local Schools +
  • Close to M61 & Middlebrook +
  • Walkable To Horwich Village +
  • Gas CH & Double Glazing +

IDEAL INVESTMENT OPPORTUNITY - BOUGHT WITH LONG STANDING TENANT - RETURNING 6%YIELD

*Freehold Council Tax Band: A EPC Rating: D*

Three Bed Mid Terrace - Excellent Condition including New Roof - Modern Kitchen & Bathroom - Two Reception Rooms - Popular Horwich Location - No Chain

An excellent opportunity to purchase this ideal three bed mid terraced property benefiting from a high quality decoration throughout including modern bathroom and kitchen. The home is rented out to a long standing returning 6% yield and is just a short walk to Horwich town centre and Blackrod Train Station and a short drive to the M61 and Middlebrook making it an ideal location for tenants.

The property comprises of entrance porch, leading into the bright and spacious open plan lounge and dining room complete with new electric fire effect heater. To the rear there is a modern kitchen with a range of wall and base units and access to the rear yard. Upstairs there are three double bedrooms which are complimented by a three piece bathroom. There is a spacious rear yard and ample on street parking.

Three bed terraces finished to this standard and in this location in Horwich with the added benefit of a sitting tenant do not come on the market very often. Please call the office to arrange a viewing!

IDEAL INVESTMENT OPPORTUNITY - BOUGHT WITH LONG STANDING TENANT - RETURNING 6%YIELD

*Freehold Council Tax Band: A EPC Rating: D*

Three Bed Mid Terrace - Excellent Condition including New Roof - Modern Kitchen & Bathroom - Two Reception Rooms - Popular Horwich Location - No Chain

An excellent opportunity to purchase this ideal three bed mid terraced property benefiting from a high quality decoration throughout including modern bathroom and kitchen. The home is rented out to a long standing returning 6% yield and is just a short walk to Horwich town centre and Blackrod Train Station and a short drive to the M61 and Middlebrook making it an ideal location for tenants.

The property comprises of entrance porch, leading into the bright and spacious open plan lounge and dining room complete with new electric fire effect heater. To the rear there is a modern kitchen with a range of wall and base units and access to the rear yard. Upstairs there are three double bedrooms which are complimented by a three piece bathroom. There is a spacious rear yard and ample on street parking.

Three bed terraces finished to this standard and in this location in Horwich with the added benefit of a sitting tenant do not come on the market very often. Please call the office to arrange a viewing!

Agent Details

Regency Estates, Horwich

01204 326733

Next Steps?

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