3 Bed Semi-Detached House, Refurb/BRRR, Leigh, WN7 5HG, £115,000

Douglas Road, Leigh, WN7 5HG - 19 days ago

Leasehold
Auction
Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£71.5K - £225K
Sold Prices/m²£993/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£118,450
BMV3%

 

 

End Value (After Refurb)

£174,750

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£39,200

Bridging Loan Interest

£3,019

Total Cash In

£79,669

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,750

Mortgage (After Refinance)

£131,063

Mortgage LTV

75%

Cash Released

£44,813

Cash Left In

£34,856

Equity

£43,688

Rent Range

£700 - £2,950

Rent Estimate

£1,080

Running Costs/mo

£782

Cashflow/mo

£298

Cashflow/yr

£3,575

ROI

4%

Gross Yield

11%

Local Sold Prices

49 sold prices from £71.5K to £225K, average is £143K. £993/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£127K08/210.02 mi42, Douglas Road, Leigh, Greater Manchester WN7 5HG3
£146K02/230.02 mi24, Douglas Road, Leigh, Greater Manchester WN7 5HG3
£74K01/210.02 mi58, Douglas Road, Leigh, Greater Manchester WN7 5HG3
£135K02/230.03 mi66, Laxey Crescent, Leigh, Greater Manchester WN7 5HF3
£120K02/240.03 mi32, Laxey Crescent, Leigh, Greater Manchester WN7 5HF3
£170K03/240.05 mi373, Wigan Road, Leigh, Greater Manchester WN7 5HA3
£129K07/240.05 mi365, Wigan Road, Leigh, Greater Manchester WN7 5HA3
£163.5K12/230.05 mi367, Wigan Road, Leigh, Greater Manchester WN7 5HA3
£107K05/210.05 mi13, Laxey Crescent, Leigh, Greater Manchester WN7 5HE3
£108K11/200.05 mi65, Laxey Crescent, Leigh, Greater Manchester WN7 5HE3
£145K01/230.09 mi304, Wigan Road, Leigh, Greater Manchester WN7 5HD3
£95K08/210.1 mi32, Edna Road, Leigh, Greater Manchester WN7 5ES3
£140K08/230.1 mi2, Edna Road, Leigh, Greater Manchester WN7 5ES3
£125K06/230.1 mi20, Edna Road, Leigh, Greater Manchester WN7 5ES3
£86K04/210.11 mi32, Kingsley Street, Leigh, Greater Manchester WN7 5HB3
£85K10/200.11 mi29, Kingsley Street, Leigh, Greater Manchester WN7 5HB3
£132.5K02/230.12 mi16, Eva Street, Leigh, Greater Manchester WN7 5EZ3
£122K03/230.15 mi28, Keble Grove, Leigh, Greater Manchester WN7 5LQ3
£155K09/230.15 mi93, Shelley Street, Leigh, Greater Manchester WN7 5EW3
£165K09/210.17 mi56, Shelley Street, Leigh, Greater Manchester WN7 5EX3
£166K08/240.17 mi3, Tennyson Avenue, Leigh, Greater Manchester WN7 5LG3
£164K11/230.17 mi12, Tennyson Avenue, Leigh, Greater Manchester WN7 5LG3
£225K05/230.2 mi15, Wraxall Crescent, Leigh, Greater Manchester WN7 5DT3
£169.5K05/240.2 mi3, Shadwell Grove, Leigh, Greater Manchester WN7 5LH3
£143K07/230.21 mi1, Little Pasture, Leigh, Greater Manchester WN7 5LW3
£186K07/230.22 mi103, Angus Avenue, Leigh, Greater Manchester WN7 5DJ3
£145K01/240.23 mi12, Pennine Grove, Leigh, Greater Manchester WN7 5HU3
£180K01/230.24 mi47, Tennyson Avenue, Leigh, Greater Manchester WN7 5JY3
£195K09/230.25 mi6, Wrington Close, Leigh, Greater Manchester WN7 5DU3
£175K06/210.25 mi8, Wrington Close, Leigh, Greater Manchester WN7 5DU3
£148K05/210.25 mi12, Angus Avenue, Leigh, Greater Manchester WN7 5DN3
£132K09/230.26 mi7, Alpine Drive, Leigh, Greater Manchester WN7 5HT3
£101.5K04/210.26 mi19, Alpine Drive, Leigh, Greater Manchester WN7 5HT3
£116.5K11/200.27 mi242, Nel Pan Lane, Leigh, Greater Manchester WN7 5LA3
£190K06/230.28 mi23, Angus Avenue, Leigh, Greater Manchester WN7 5DL3
£143K10/230.28 mi24, Chaucer Grove, Leigh, Greater Manchester WN7 5JZ3
£205K04/240.28 mi11, Shipham Close, Leigh, Greater Manchester WN7 5DX3
£108.5K05/210.28 mi14, Alpine Drive, Leigh, Greater Manchester WN7 5HT3
£183K10/230.3 mi8, June Avenue, Leigh, Greater Manchester WN7 5DH3
£165K11/210.31 mi99, Telford Crescent, Leigh, Greater Manchester WN7 5LZ3
£170K01/230.31 mi111, Telford Crescent, Leigh, Greater Manchester WN7 5LZ3
£136K03/230.31 mi288, Nel Pan Lane, Leigh, Greater Manchester WN7 5LJ3
£123K04/210.31 mi270, Nel Pan Lane, Leigh, Greater Manchester WN7 5LJ3
£117.5K06/210.31 mi284, Nel Pan Lane, Leigh, Greater Manchester WN7 5LJ3
£133K03/210.31 mi273, Nel Pan Lane, Leigh, Greater Manchester WN7 5LJ3
£71.5K12/200.32 mi84, Wordsworth Avenue, Leigh, Greater Manchester WN7 5ED3
£118K03/210.34 mi13, Bromley Drive, Leigh, Greater Manchester WN7 5NA3
£149K02/240.34 mi8, Bromley Drive, Leigh, Greater Manchester WN7 5NA3
£192K04/230.35 mi6, Garden Vale, Leigh, Greater Manchester WN7 5SY3

Local Rents

15 rents from £700/mo to £3K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£99511/240.04 miLaxey Crescent, Leigh, WN73
£70011/240.11 miKingsley Street, Leigh, Greater Manchester, WN73
£1,10004/250.17 mi-3
£97510/240.28 mi-3
£97501/250.34 mi-3
£80003/250.36 mi-3
£89511/240.39 miHulme Grove, Leigh, Greater Manchester, WN73
£2,95002/250.51 mi-3
£1,19511/240.58 miBelmont Place, Hindley Green, WN23
£75011/240.59 miTunnicliffes New Row, Leigh, WN7 4TW3
£80003/250.61 mi-3
£99509/240.61 mi-3
£1,00002/250.61 mi-3
£1,19511/240.61 miBelmont Place, Hindley Green, WN23
£90011/240.62 mi-3

Local Area Statistics

Population in WN7

47,819

Town centre distance

190.20 miles away

Nearest school

0.20 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £115,000

March 20, 2025

Floor Plans

Description

  • Offered For Sale With No Chain +
  • In Need Of Remedial Works +
  • Ideal Investment Opportunity +
  • Three Bedroom Semi-Detached Property +
  • En Suite To Master Bedroom +
  • Immediate Exchange Of Contracts +
  • Sold By A Secure Sale +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £115000 Offered for sale with no onward chain, this three-bedroom semi-detached property presents an excellent opportunity for those looking to add value through renovation and modernisation. Situated on Douglas Road, Leigh, the home is set back with a garden frontage leading to the entrance hallway. The ground floor comprises a spacious lounge, a kitchen, and an extended sunroom that opens out to the rear garden, offering great potential for a fantastic family living space. The first floor features three well-proportioned bedrooms and a shower room along with an en suite bathroom to the master bedroom, completing the living accommodation. With plenty of scope to transform this property into a modern family home, early viewing is highly recommended! Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’, and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

EPC Rating: D

Agent Details

Ashtons Estate Agency, Leigh

01942 949067

Next Steps?

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