2 Bed Terraced House, Refurb/BRRR, Bolton, BL6 6DP, £145,000

Arkwright Street, Horwich, Bolton, Lancashire, BL6 6DP - 1 views - 18 days ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£66.5K - £266K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£108,800

 

 

End Value (After Refurb)

£131,249

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£28,828

Bridging Loan Interest

£3,806

Total Cash In

£79,085

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£131,249

Mortgage (After Refinance)

£98,437

Mortgage LTV

75%

Cash Left In

£79,085

Equity

£32,812

Rent Range

£575 - £995

Rent Estimate

£950

Running Costs/mo

£620

Cashflow/mo

£330

Cashflow/yr

£3,958

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £66.5K to £266K, average is £131.3K. £1.1K/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£145.5K11/220 mi22, Arkwright Street, Horwich, Bolton, Greater Manchester BL6 6DP2
£107.5K04/210.01 mi21, Siemens Street, Horwich, Bolton, Greater Manchester BL6 5PR2
£125K11/200.04 mi41, Barlow Street, Horwich, Bolton, Greater Manchester BL6 5PL2
£125K12/200.07 mi189, Victoria Road, Horwich, Bolton, Greater Manchester BL6 5PJ2
£112.5K01/240.09 mi13, Armstrong Street, Horwich, Bolton, Greater Manchester BL6 5PW2
£102K12/200.09 mi2, Armstrong Street, Horwich, Bolton, Greater Manchester BL6 5PW2
£132.5K02/210.15 mi30, Webb Street, Horwich, Bolton, Greater Manchester BL6 5NS2
£157.5K08/230.15 mi16, Webb Street, Horwich, Bolton, Greater Manchester BL6 5NS2
£90K02/210.17 mi14, Watts Street, Horwich, Bolton, Greater Manchester BL6 5NT2
£90K02/210.18 mi14, Watts Street, Horwich, Bolton, Greater Manchester BL6 5NT2
£128K10/210.18 mi25, Telford Street, Horwich, Bolton, Greater Manchester BL6 6DY2
£105K05/210.18 mi29, Telford Street, Horwich, Bolton, Greater Manchester BL6 6DY2
£160K03/240.21 mi433, Chorley New Road, Horwich, Bolton, Greater Manchester BL6 6EJ2
£118K05/230.21 mi429, Chorley New Road, Horwich, Bolton, Greater Manchester BL6 6EJ2
£97.8K10/200.24 mi2, Hartley Street, Horwich, Bolton, Greater Manchester BL6 5NG2
£126.7K10/230.24 mi14, Hartley Street, Horwich, Bolton, Greater Manchester BL6 5NG2
£207K03/210.31 mi22, Stocks Park Drive, Horwich, Bolton, Greater Manchester BL6 6DD2
£225K01/230.31 mi50, Melbourne Grove, Horwich, Bolton, Greater Manchester BL6 5LZ2
£104K02/230.34 mi13, Dale Street West, Horwich, Bolton, Greater Manchester BL6 6JU2
£115K12/220.34 mi19, Dale Street West, Horwich, Bolton, Greater Manchester BL6 6JU2
£150K11/230.35 mi14, George Street, Horwich, Bolton, Greater Manchester BL6 6BH2
£130K10/200.35 mi22, George Street, Horwich, Bolton, Greater Manchester BL6 6BH2
£205K07/230.36 mi9, Chapel Street, Horwich, Bolton, Greater Manchester BL6 6BW2
£166K03/210.36 mi6, Back Chapel Street, Horwich, Bolton, Greater Manchester BL6 6BS2
£163K09/230.36 mi19, Wood Street, Horwich, Bolton, Greater Manchester BL6 6BN2
£180K02/230.38 mi13, Duncan Street, Horwich, Bolton, Greater Manchester BL6 6BL2
£148K08/210.38 mi48, Church Street, Horwich, Bolton, Greater Manchester BL6 6AB2
£196.5K03/240.38 mi74, Church Street, Horwich, Bolton, Greater Manchester BL6 6AB2
£115K02/230.38 mi6, Dale Street East, Horwich, Bolton, Greater Manchester BL6 6JY2
£168K01/240.4 mi6, Church Street, Horwich, Bolton, Greater Manchester BL6 6AD2
£175K02/230.4 mi51, Gloucester Avenue, Horwich, Bolton, Greater Manchester BL6 6NH2
£87.3K11/200.42 mi20, Panton Street, Horwich, Bolton, Greater Manchester BL6 6EE2
£75K09/230.42 mi14, Panton Street, Horwich, Bolton, Greater Manchester BL6 6EE2
£137K11/220.42 mi11, Travers Street, Horwich, Bolton, Greater Manchester BL6 6EQ2
£188K02/230.44 mi7, Panton Street, Horwich, Bolton, Greater Manchester BL6 6EE2
£85.5K02/210.45 mi34, Lancaster Avenue, Horwich, Bolton, Greater Manchester BL6 6ND2
£103.5K03/210.45 mi63, Brunswick Avenue, Horwich, Bolton, Greater Manchester BL6 6NG2
£165K12/200.45 mi10, Mill Lane, Horwich, Bolton, Greater Manchester BL6 6AT2
£181K11/220.45 mi45, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS2
£125K03/210.46 mi105, Winter Hey Lane, Horwich, Bolton, Greater Manchester BL6 7PJ2
£130K08/230.46 mi4, Mount Pleasant Street, Horwich, Bolton, Greater Manchester BL6 6LD2
£120K02/210.46 mi2, Mount Pleasant Street, Horwich, Bolton, Greater Manchester BL6 6LD2
£180K12/220.46 mi12, Mount Pleasant Street, Horwich, Bolton, Greater Manchester BL6 6LD2
£190K06/230.48 mi53, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS2
£165K11/200.48 mi51, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS2
£160K03/210.48 mi53, Lowerbrook Close, Horwich, Bolton, Greater Manchester BL6 6SS2
£266K12/220.48 mi40, Sandringham Road, Horwich, Bolton, Greater Manchester BL6 6NX2
£210K09/230.48 mi12, Sandringham Road, Horwich, Bolton, Greater Manchester BL6 6NX2
£130K09/210.5 mi9, Gloucester Avenue, Horwich, Bolton, Greater Manchester BL6 6NF2
£66.5K12/220.5 mi23, Grace Street, Horwich, Bolton, Greater Manchester BL6 7PP2

Local Rents

19 rents from £575/mo to £995/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80002/250.09 mi-2
£85002/250.14 mi-2
£75012/240.18 miWatt Street, Bolton, BL62
£67501/250.18 mi-2
£57512/240.21 miChorley New Road, Horwich2
£89502/250.21 mi-2
£75012/240.24 mi-2
£85001/250.28 mi-2
£80012/240.34 mi-2
£72512/240.35 miNapier Drive, Horwich2
£82503/250.36 mi-2
£80012/240.49 mi-2
£85004/250.49 mi-2
£79503/250.5 mi-2
£75002/250.53 mi-2
£99512/240.58 miLee Lane, Horwich, Bolton, BL62
£99501/250.59 mi-2
£90012/240.6 miSpringburn Close, Horwich, Bolton, BL6 6SR2
£94904/250.61 mi-2

Local Area Statistics

Population in BL6

29,345

Population in Bolton

217,471

Town centre distance

2.65 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-28%

Sales demand

Balanced market

Capital growth (5yrs)

+42%

Property History

Listed for £145,000

March 24, 2025

Floor Plans

Description

  • Two Bedroom Mid Terrace Home +
  • Large Spacious Rooms Throughout +
  • Ready To Move In and Put Own Stamp On +
  • Ideal FTB or BTL Investment (Returning £950PCM) +
  • Potential to Convert to Three Bedrooms +
  • No Chain & Vacant Possession +
  • Sought After Horwich Location - Close to Centre, Middlebrook, M61 & Train Links +
  • Modern Gas Central Heating & Double Glazing +

LARGE TWO BEDROOM VICTORIAN TERRACE IN CENTRE OF HORWICH

*Freehold Council Tax Band: A EPC Band: C*

Fantastic Potential (Option to Create Three Bedrooms) - Spacious Rooms Throughout- No Chain & Vacant Possession - Ideal BTL or FTB Home

Situated just a stones throw from the centre of Horwich this two bedroom bay fronted terrace offers excellent potential for the new owner. The home has been well looked after and offers spacious rooms throughout ideal for FTB's or BTL investors, returning £950PCM with some minor renovations. Arkwright Street is just a short walk to Horwich town centre with a number of local amenities and only a short drive to the M61, Middlebrook Retail Park, excellent train links and also the beautiful Rivington Countryside, it really is the best of both worlds!

On entering the home there is a front door into the porch area, the large reception room at the front with bay window and fire place. The large rear reception room leads into to the brand new modern kitchen offering a range of wall and base units, and has been finished to the highest spec with access to the rear yard. Upstairs the home boasts two larger than average double bedrooms, with the master benefitting from fitted wardrobes, they are complimented by a modern fully fitted three piece shower suite with double shower. There is an option to reconfigure the rooms to create a third bedroom. Externally there is paved rear yard and ample on road parking to front.

Terraced homes offering this space and potential will suit any first time buyers looking to get on the market or even as a BTL investment returning £950PCM. . Please call the office to arrange a viewing!

LARGE TWO BEDROOM VICTORIAN TERRACE IN CENTRE OF HORWICH

*Freehold Council Tax Band: A EPC Band: C*

Fantastic Potential (Option to Create Three Bedrooms) - Spacious Rooms Throughout- No Chain & Vacant Possession - Ideal BTL or FTB Home

Situated just a stones throw from the centre of Horwich this two bedroom bay fronted terrace offers excellent potential for the new owner. The home has been well looked after and offers spacious rooms throughout ideal for FTB's or BTL investors, returning £950PCM with some minor renovations. Arkwright Street is just a short walk to Horwich town centre with a number of local amenities and only a short drive to the M61, Middlebrook Retail Park, excellent train links and also the beautiful Rivington Countryside, it really is the best of both worlds!

On entering the home there is a front door into the porch area, the large reception room at the front with bay window and fire place. The large rear reception room leads into to the brand new modern kitchen offering a range of wall and base units, and has been finished to the highest spec with access to the rear yard. Upstairs the home boasts two larger than average double bedrooms, with the master benefitting from fitted wardrobes, they are complimented by a modern fully fitted three piece shower suite with double shower. There is an option to reconfigure the rooms to create a third bedroom. Externally there is paved rear yard and ample on road parking to front.

Terraced homes offering this space and potential will suit any first time buyers looking to get on the market or even as a BTL investment returning £950PCM. . 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 💪