2 Bed Terraced House, Refurb/BRRR, Bolton, BL1 3JY, £72,500

Huxley Street, Bolton, BL1 3JY - 8 views - a month ago

Auction
BTL
Refurb/BRRR
ROI: 6%
~68 m²

ValuationFair Value

Sold Prices£65K - £182.5K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£72,500

 

 

End Value (After Refurb)

£110,053

Uplift in Value

+52%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,125

Stamp Duty & Legal Fees

£4,825

Refurb Costs

£28,709

Bridging Loan Interest

£1,903

Total Cash In

£55,312

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,053

Mortgage (After Refinance)

£82,540

Mortgage LTV

75%

Cash Released

£28,165

Cash Left In

£27,148

Equity

£27,513

Rent Range

£450 - £1,050

Rent Estimate

£797

Running Costs/mo

£523

Cashflow/mo

£274

Cashflow/yr

£3,284

ROI

6%

Gross Yield

13%

Local Sold Prices

50 sold prices from £65K to £182.5K, average is £110.8K. £1.1K/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£79.5K04/210.03 mi20, Cloister Street, Bolton, Greater Manchester BL1 3JX2
£80K11/200.03 mi18, Cloister Street, Bolton, Greater Manchester BL1 3JX2
£118.5K11/210.05 mi16, Packer Street, Bolton, Greater Manchester BL1 3LD2
£162K01/230.06 mi543, Halliwell Road, Bolton, Greater Manchester BL1 8DB2
£115K06/210.09 mi14, Ryder Street, Bolton, Greater Manchester BL1 3PX2
£125.5K12/230.09 mi10, Ryder Street, Bolton, Greater Manchester BL1 3PX2
£100K09/230.09 mi23, Rushey Fold Lane, Bolton, Greater Manchester BL1 3JW2
£133K12/220.11 mi100, Cloister Street, Bolton, Greater Manchester BL1 3HA2
£155K08/230.12 mi96, Bernice Street, Bolton, Greater Manchester BL1 3LH2
£110K10/210.12 mi439, Halliwell Road, Bolton, Greater Manchester BL1 8DE2
£78.5K06/210.14 mi34, St Augustine Street, Bolton, Greater Manchester BL1 3JG2
£92K07/230.14 mi24, Mcdonna Street, Bolton, Greater Manchester BL1 3LP2
£109K11/230.14 mi25, Somerville Street, Bolton, Greater Manchester BL1 3LN2
£135K05/210.15 mi1, Wilmot Street, Bolton, Greater Manchester BL1 3LL2
£111.5K12/220.16 mi436, Halliwell Road, Bolton, Greater Manchester BL1 8AN2
£112K09/210.17 mi134, Arnold Street, Bolton, Greater Manchester BL1 3EY2
£170K12/210.17 mi20, Trawden Avenue, Bolton, Greater Manchester BL1 6JD2
£182.5K08/230.18 mi58, Harvey Street, Bolton, Greater Manchester BL1 8BG2
£79K02/230.19 mi9, Cobden Street, Bolton, Greater Manchester BL1 8BE2
£65K06/230.21 mi35, Broughton Street, Bolton, Greater Manchester BL1 8AX2
£115K07/230.22 mi4, Duxbury Street, Bolton, Greater Manchester BL1 8AY2
£182.5K02/230.23 mi4, Seaton Road, Bolton, Greater Manchester BL1 6JB2
£133K04/210.23 mi3, Seaton Road, Bolton, Greater Manchester BL1 6JB2
£124K01/230.25 mi15, Church Road, Bolton, Greater Manchester BL1 6HE2
£125K11/200.26 miThe Bungalow, Valletts Lane, Bolton, Greater Manchester BL1 6DY2
£145K02/210.28 mi21, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£79K01/210.28 mi8, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£126K03/210.28 mi14, Sunnyside Road, Bolton, Greater Manchester BL1 6DZ2
£90K12/200.28 mi15, Keighley Street, Bolton, Greater Manchester BL1 6EB2
£96K03/210.28 mi19, St Thomas Street, Bolton, Greater Manchester BL1 3PW2
£94.5K07/230.28 mi27, St Thomas Street, Bolton, Greater Manchester BL1 3PW2
£85K07/230.28 mi23, St Thomas Street, Bolton, Greater Manchester BL1 3PW2
£71K02/210.29 mi21, Grove Street, Bolton, Greater Manchester BL1 3PN2
£123.8K08/230.29 mi33, Grove Street, Bolton, Greater Manchester BL1 3PN2
£67.5K01/210.3 mi22, Darwin Street, Bolton, Greater Manchester BL1 3PP2
£133K04/230.3 mi14, Thornley Avenue, Bolton, Greater Manchester BL1 6ED2
£86K11/200.31 mi15, Darwin Street, Bolton, Greater Manchester BL1 3PJ2
£108K09/230.31 mi15, Darwin Street, Bolton, Greater Manchester BL1 3PJ2
£95K02/210.33 mi10, Purcell Close, Bolton, Greater Manchester BL1 3XB2
£100K04/230.33 mi14, Purcell Close, Bolton, Greater Manchester BL1 3XB2
£155K06/230.33 mi8, Rathybank Close, Bolton, Greater Manchester BL1 6HA2
£67.5K09/210.36 mi4, Dudwell Close, Bolton, Greater Manchester BL1 6FA2
£86.5K03/210.36 mi298, Halliwell Road, Bolton, Greater Manchester BL1 3QB2
£66.5K03/210.36 mi27, Bride Street, Bolton, Greater Manchester BL1 8AL2
£121K09/210.37 mi11, Tennyson Street, Bolton, Greater Manchester BL1 3HW2
£125K10/210.39 mi137, Cope Bank West, Bolton, Greater Manchester BL1 6EJ2
£95K06/210.4 mi27, Wynne Street, Bolton, Greater Manchester BL1 3QA2
£130K11/210.41 mi51, Hollywood Road, Bolton, Greater Manchester BL1 6HP2
£84K11/200.41 mi4, Hargreaves Street, Bolton, Greater Manchester BL1 3PD2
£160K09/210.42 mi13, Pendle Court, Bolton, Greater Manchester BL1 6PY2

Local Rents

45 rents from £450/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£75004/240.02 miHuxley Street, Halliwell, Bolton2
£85004/250.04 mi-2
£82503/240.05 mi7 Raimond Street, Bolton, BL1 3LA2
£80003/240.08 miHalliwell Road, Bolton, BL12
£85004/240.09 miSt. Pauls Place, Hallliwell, Bolton2
£1,05001/250.09 mi-2
£1,00002/250.1 mi-2
£89512/230.12 mi-2
£89512/230.12 mi-2
£85004/240.12 miRushey Fold Lane, Bolton2
£80003/240.14 miElliott Street, Bolton, BL12
£87503/240.15 miArnold Street, Bolton, BL12
£80004/250.15 mi-2
£69503/240.16 miMcdonna Street, Bolton2
£79502/250.26 mi-2
£85002/240.28 mi-2
£75004/240.28 miThornley Mews, Smithills2
£75004/240.28 miSt Thomas Street, Bolton2
£45003/240.3 miHennon Street, Halliwell, Bolton, BL12
£78005/240.35 mi-2
£77503/240.35 mi-2
£65004/240.37 miBride Street, Bolton2
£67512/240.39 mi-2
£90004/250.39 mi-2
£90004/240.4 miBrynmoor, Smithills, BL12
£75004/240.45 miHatfield Road, Bolton2
£82503/250.46 mi-2
£82503/240.48 miHalliwell Road,Bolton,BL12
£70004/240.51 miRawson Road, Bolton2
£75003/250.52 mi-2
£70003/240.52 miHatfield Road, Bolton, Greater Manchester2
£81502/240.54 mi-2
£82503/240.54 mi-2
£75003/240.56 miOsborne Grove, Bolton2
£87504/250.57 mi-2
£99501/250.59 mi-2
£80003/240.59 miBeatrice Road, Bolton, Greater Manchester, BL12
£89512/240.59 mi-2
£94501/250.59 mi-2
£99504/250.59 mi-2
£65003/240.6 mi-2
£65003/240.6 miBowkers Row, Bolton, BL12
£75011/230.61 mi-2
£75011/230.61 mi-2
£75003/240.61 miAtlas Mill, Bentinck Street, Bolton2

Local Area Statistics

Population in BL1

63,206

Population in Bolton

217,471

Town centre distance

1.22 miles away

Nearest school

0.20 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-3%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Listed for £72,500

March 21, 2025

Floor Plans

Description

  • Investment Property +
  • Popular Location +
  • Two Bedrooms +
  • Requires Renovation +
  • No Chain +
  • High Levels Of Interest Expected +
  • Sold Via Modern Method Of Auction +
  • Buyers Fees Apply +
  • Subject To Reserve +

RENOVATION PROJECT - NO CHAIN - POPULAR LOCATION - 2 BEDS - GREAT BUY TO LET - HIGH LEVELS OF INTEREST EXPECTED

The property briefly comprises, entrance vestibule, front lounge & kitchen. To the first floor there are two double bedrooms and a bathroom. Accessible from the kitchen is a spacious rear yard. Property requires refurbishment throughout and is suitable for investors.

The house is situated in the Halliwell/Smithells area of Bolton, providing easy access to local shops and amenities. There is a selection of good schools locally and there are great transport links into neighbouring towns and cities.

Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Lounge -

Kitchen -

Bedroom One -

Bedroom Two -

Bathroom -

Agent Details

Hunters, Darwen

01254 961479

Next Steps?

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