1 Dougill Street, Bolton, Greater Manchester

Description

Tenanted two bed end terraced house. Two bed end terrace house which is currently tenanted. We are informed that the tenants pay £600 pcm (£7,200 pa0. Internally the house briefly comprises: Ground Floor – front lounge, rear kitchen / dining room. First Floor – front bedroom, rear bedroom and bathroom. To the rear is a garden area. The house benefits from upvc double glazing and gas central heating.

Accommodation

Ground Floor – front lounge, rear kitchen / dining room. First Floor – front bedroom, rear bedroom and bathroom. To the rear is a garden area.

Location

Bolton, Greater Manchester

Tenure / Property Information

Investment Analysis

Same-street sold comparables range from £70,000 to £113,500, with a median of £100,000. The subject's exact condition, floor area and legal position are not evidenced, so this is an indicative range only.

Investment Snapshot

Strategy Recommendation

Consider as a cautious income-led BTL only after verifying the tenancy, legal pack, lease costs and property condition. Do not rely on a flip or refinance profit without confirmed costs and valuation.

Works Required

No specific refurbishment works are evidenced. Allow for inspection and verification of condition, tenant arrangements and legal documentation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000 guide, including the stated minimum admin charge, estimated total cost is £93,600 before works and other fees. A 75% refinance of the £100,000 base GDV is £75,000, leaving indicative cash of £18,600 before finance, tax and unquantified costs. Actual refinance depends on valuation, lender criteria and tenancy evidence.

Buy-to-Let Analysis

The stated passing rent is £600 pcm, producing £7,200 annually. This gives an 8.00% gross yield on the £90,000 guide and approximately 7.69% on the guide plus the £3,600 minimum admin charge. External rental evidence is unavailable, and the calculation excludes works, finance, maintenance, voids and further fees.

Flip Analysis

The base GDV indication is £100,000 against a guide-plus-minimum-admin cost of £93,600, before works, selling costs and other fees. The margin is insufficiently evidenced to calculate a reliable flip surplus.

Investor Risks & Due Diligence

• The £600 pcm rent is supplied information rather than independently evidenced achieved rent.

• No condition survey or refurbishment cost evidence is provided.

• Ground rent and service charge figures are blank.

• Additional search, legal, transfer and seller-cost reimbursements may apply.

• Tenancy terms, arrears, deposit position and vacant-possession prospects are not supplied.

• Comparable sale prices vary materially from £70,000 to £113,500.

Recommendation

Consider as a cautious income-led BTL only after verifying the tenancy, legal pack, lease costs and property condition. Do not rely on a flip or refinance profit without confirmed costs and valuation.

Strategy Rating

Analysis Confidence

Same-street sold comparables and stated rent are available, but condition, floor area, external rental evidence, lease costs, tenancy documentation and total auction costs are incomplete.