10 Fairmount Avenue, Bolton

Description

A Semi-Detached House requiring modernisation on a Good Size Plot of approximately 3,279 sq ft.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Shower Room/WC. Ground Floor: Entrance Hall, Living Room, Dining Room, Kitchen.

Location

Situated on Fairmount Avenue, close to the amenities available in Bolton Town Centre and travelling facilities including Bolton Train Station. Seven Acres Country Park and Leverhulme Park are also nearby.

Tenure / Property Information

Investment Analysis

Recent Land Registry comparables on Fairmount Avenue range from £153,000 to £220,000, with the four 2024–2025 sales ranging from £153,000 to £220,000. A base GDV estimate of £195,000 is used, subject to the property’s modernisation requirement and the absence of detailed condition, floor-area and specification evidence.

Investment Snapshot

Strategy Recommendation

Investigate as a potential refurbishment and resale project, subject to survey, detailed works quotations, lease verification and confirmation of all completion charges. Do not set a maximum bid until these costs are known.

Works Required

Modernisation is required, but the supplied evidence does not identify the specific works or provide costings. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £70,000 guide, the known buyer premium would bring the purchase figure to £71,500 before refurbishment and any seller’s additional completion fees. A 75% refinance at the £195,000 base GDV would be £146,250, but cash left in cannot be calculated without a supported works budget and complete acquisition costs.

Buy-to-Let Analysis

BTL cannot be assessed reliably because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating return and affordability therefore cannot be established.

Flip Analysis

The supplied comparable sales support a broad resale range of £187,000–£220,000, with £195,000 used as the base GDV. A flip surplus cannot be calculated because refurbishment costs and any selling allowance are unsupported.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not supplied.

• No sufficiently specific rental evidence is available.

• Additional seller fees may be payable on completion but are not quantified.

• Lease details are inconsistent, stating approximately 888 and 891 years unexpired.

• The GDV range is based on nearby completed sales without detailed condition, size or specification adjustments.

• Vacant property condition should be verified by survey before bidding.

Recommendation

Investigate as a potential refurbishment and resale project, subject to survey, detailed works quotations, lease verification and confirmation of all completion charges. Do not set a maximum bid until these costs are known.

Strategy Rating

Analysis Confidence

There are several directly comparable completed sales and a stated guide price, but no reliable rent, refurbishment cost, floor-area, detailed condition or complete fee evidence. The lease term is also described inconsistently as approximately 888 and 891 years unexpired.