Potential 4-Bed HMO, Bolton, BL3 2RQ, £160,000

Manchester Road, Bolton, BL3 2RQ - 6 views - 19 days ago

Leasehold
HMO
Refurb/BRRR
ROI: 10%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£50K - £255K
Sold Prices/m²£988/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,600

 

 

End Value (After Refurb)

£175,521

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£39,324

Bridging Loan Interest

£4,200

Total Cash In

£95,174

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£175,521

Mortgage (After Refinance)

£131,641

Mortgage LTV

75%

Cash Released

£11,641

Cash Left In

£83,533

Equity

£43,880

Room Rate

£555

Gross Rent

£2,220

Running Costs/mo

£1,452

Cashflow/mo

£768

Cashflow/yr

£9,219

ROI

10%

Gross Yield

17%

Local Sold Prices

50 sold prices from £50K to £255K, average is £163K. £988/m² to £3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£80K07/210.15 mi25, Luton Street, Bolton, Greater Manchester BL3 2QU3
£105K04/210.16 mi67, Crescent Road, Bolton, Greater Manchester BL3 2JP3
£125K07/230.16 mi7, Crescent Road, Bolton, Greater Manchester BL3 2JP3
£146K08/210.16 mi17, The Sheddings, Bolton, Greater Manchester BL3 2JN3
£90K11/200.31 mi41, Melville Street, Bolton, Greater Manchester BL3 2BA3
£146K03/210.32 mi55, Bradford Road, Bolton, Greater Manchester BL3 2HE3
£85K11/200.33 mi31, Melville Street, Bolton, Greater Manchester BL3 2BA3
£120K04/230.33 mi35, Melville Street, Bolton, Greater Manchester BL3 2BA3
£91K12/200.35 mi8, Richelieu Street, Bolton, Greater Manchester BL3 2AY3
£128.5K03/230.36 mi5, Smedley Avenue, Bolton, Greater Manchester BL3 2DP3
£168K05/230.36 mi14, Smedley Avenue, Bolton, Greater Manchester BL3 2DP3
£168K12/200.36 mi52, Strawberry Hill Road, Bolton, Greater Manchester BL2 1LP3
£134K03/210.37 mi14, Westbourne Avenue, Bolton, Greater Manchester BL3 2JZ3
£195K02/210.39 mi3, Kearsley Drive, Bolton, Greater Manchester BL3 2PG3
£82K04/230.41 mi262, Crescent Road, Bolton, Greater Manchester BL3 2LZ3
£190K06/230.41 mi27, Lowther Street, Bolton, Greater Manchester BL3 2HP3
£50K02/210.42 mi7, Lowther Street, Bolton, Greater Manchester BL3 2HP3
£125K11/200.43 mi40, Leverhulme Avenue, Bolton, Greater Manchester BL3 2LA3
£148K11/200.43 mi4, Bramcote Avenue, Bolton, Greater Manchester BL2 1LF3
£145K06/210.43 mi351, Crescent Road, Bolton, Greater Manchester BL3 2NA3
£200K05/210.45 mi89, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£230K01/210.45 mi145, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£175K02/210.45 mi109, Bromwich Street, Bolton, Greater Manchester BL2 1LJ3
£177K03/210.46 mi24, Walker Avenue, Bolton, Greater Manchester BL3 2DU3
£177K03/210.46 mi24, Walker Avenue, Bolton, Greater Manchester BL3 2DU3
£162K02/210.46 mi1, Hope Avenue, Bolton, Greater Manchester BL2 1LT3
£145K09/210.47 mi18, Charlesworth Avenue, Bolton, Greater Manchester BL3 2LH3
£185K01/210.49 mi11, Lynsted Avenue, Bolton, Greater Manchester BL3 2DZ3
£175K06/210.5 mi8, Trillo Avenue, Bolton, Greater Manchester BL2 1LU3
£165K02/210.5 mi9, Trillo Avenue, Bolton, Greater Manchester BL2 1LU3
£160K04/210.51 mi48, Walker Avenue, Bolton, Greater Manchester BL3 2DY3
£178K04/210.51 mi1, The Grove, Bolton, Greater Manchester BL2 1LZ3
£130K12/200.51 mi17, Hampton Road, Bolton, Greater Manchester BL3 2DX3
£175K05/210.52 mi207, Green Lane, Bolton, Greater Manchester BL3 2ER3
£160K11/210.53 mi124, Radcliffe Road, Bolton, Greater Manchester BL2 1PE3
£121K04/210.55 mi26, Lakeside Avenue, Bolton, Greater Manchester BL3 2HY3
£255K05/210.55 mi63, Lakeside Avenue, Bolton, Greater Manchester BL3 2HY3
£230K09/220.56 mi34, Walker Avenue, Bolton, Greater Manchester BL3 2DY3
£190K10/210.56 mi378, Crescent Road, Bolton, Greater Manchester BL3 2LT3
£140K11/200.56 mi381, Crescent Road, Bolton, Greater Manchester BL3 2LT3
£164K01/210.56 mi385, Crescent Road, Bolton, Greater Manchester BL3 2LT3
£118K03/210.57 mi76, Hilden Street, Bolton, Greater Manchester BL2 1JD3
£220K01/230.58 mi16, Southbrook Grove, Bolton, Greater Manchester BL3 2DN3
£220K05/210.58 mi183, Green Lane, Bolton, Greater Manchester BL3 2EE3
£222K04/230.58 mi167, Radcliffe Road, Bolton, Greater Manchester BL2 1NZ3
£200K12/200.59 mi47, Lowther Street, Bolton, Greater Manchester BL3 2HZ3
£210K01/230.6 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£215K05/210.6 mi22, Whiston Drive, Bolton, Greater Manchester BL2 1PD3
£112K02/230.61 mi6, Sandhill Close, Bolton, Greater Manchester BL3 2UB3
£200K03/210.61 mi32, Woodland Avenue, Bolton, Greater Manchester BL3 2LR3

Local Area Statistics

Population in BL3

63,785

Population in Bolton

217,471

Town centre distance

3.02 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+0%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £160,000

March 28, 2025

Floor Plans

Description

  • NO UPWARD CHAIN +
  • CLOSE TO LOCAL AMENITIES +
  • DECEPTIVELY SPACIOUS +
  • IN NEED OF A FULL RENOVATION +
  • POSSIBLE HMO +
  • VERY POPULAR LOCATION +

*DECEPTIVLEY LARGE TERRACED, IN NEED OF REFURBISHMENT**

Eric Clarke are delighted to welcome to market this huge terraced property to the market situated on Manchester Rd, Bolton.

The property requires full refurbishment but offers unrivalled potential, this property would make a fantastic family home or House of multiple occupation, offering large bedrooms and fantastic living space.

In brief the accommodation comprises an entrance hallway, three reception rooms and a kitchen to the ground floor plus three bedrooms and a bathroom to the first floor, the property also benefits from having a cellar.

Internal inspection is recommended.

Council Tax Band: B (Bolton Council)
Tenure: Leasehold (843 years)

Agent Details

Eric Clarke, Bolton

01204 326954

Next Steps?

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