Regency Estates says ..
**MODERN GROUND FLOOR APARTMENT SOLD WITH SITTING TENANT - RETURNING 6% YIELD** OPTION TO PURCHASE A SECOND APARTMENT IN SAME BLOCK WITH A SITTING TENANT Two Bedrooms - Secure Gated Parking - Excellent Transport and Amenities - Modern Open Plan Kitchen & Bathroom - No Chain An ideal purc...
Property Oracle says ..
This two-bedroom apartment in Wetherby Court, Horwich, is presented as a sound investment opportunity. Located in a convenient area with good access to transportation and local amenities, including several nearby schools, the property’s location is relatively favorable. The photographs reveal a clean and well-maintained apartment with a functional kitchen and bathroom. The interior décor is simple, and while the apartment doesn’t appear to need immediate repairs, upgrades may be considered to increase its market appeal. A significant drawback is the lack of private outdoor space which is a common feature for apartments, and the limited plot size is reflected in the low land score. The list price is competitive relative to similar properties in the Horwich area, but the precise value is challenging to assess fully without more specific details about the sizes of comparable properties. The description indicates the property is sold with a sitting tenant and suggests a potential rental income stream, a significant detail for potential investors. This is a functional property in a convenient location. The condition is average and the absence of a private outdoor space is a key factor to consider. Potential buyers need to assess the suitability of the property given its modest size and lack of external space against their requirements and the long-term value proposition, including rental yield if the sitting tenant remains.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 853.58
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 268,399.00 £Increased by 2.13 %
- Est sale value
- 250,952.52 £Increased by 23.53 %
- Average area rental value
- 911.00 £/moDecreased by 2.57 %
- Est letting value
- 853.58 £/mo
- Est rental Yield
- 4.07 %Decreased by 4.68 %
- Crime Rate
- 2.00 %Unchanged by 0.00 %
Agent Activity
Regency Estates marked this listing as sold.
Regency Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Horwich Start Well Link Site | Children's Centre Linked Site | 0.58 KM | |
| Beacon Primary School | Academy Sponsor Led | 0.62 KM | |
| St Catherine'S Cofe Primary School | Academy Converter | 0.71 KM | |
| Rivington And Blackrod High School | Academy Converter | Requires improvement | 1.18 KM |
| Cumberland School | Other Independent Special School | Good | 1.20 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Back Crown Street | £ 0 | 0 | 0.00 KM |
| Hope Street | £ 119,000 | 0 | 0.00 KM |
| Bosworth Street | £ 0 | 0 | 0.00 KM |
| Back Richmond Street | £ 180,000 | 0 | 0.00 KM |
| Richmond Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Blackrod | 2732 | BLK | 1.98 KM |
| Horwich Parkway | 8720 | HWI | 3.03 KM |
| Adlington (Lancashire) | 2641 | ADL | 5.55 KM |
| Westhoughton | 2619 | WHG | 6.09 KM |
| Hindley | 2398 | HIN | 6.95 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Crown Lane, Horwich, Bolton | £ 170,000 | BUY | Unknown | 0.05 KM |
| Crown Lane, Horwich, Bolton, BL6 | £ 215,000 | BUY | Unknown | 0.06 KM |
| Chorley New Road, Horwich, Bolton | £ 160,000 | BUY | Unknown | 0.07 KM |
| Chorley New Road, Horwich, Bolton | £ 175,000 | BUY | Unknown | 0.09 KM |
| Lee Lane, Horwich, Bolton, Greater Manchester, BL6 7JL | £ 200,000 | BUY | 7 / 10 | 0.14 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 20 Chorley New Road | £ 150,000 | 0.03 KM |
| 16 Chorley New Road | £ 174,000 | 0.03 KM |
| 4 Chorley New Road | £ 32,000 | 0.03 KM |
| 18 Chorley New Road | £ 112,500 | 0.03 KM |
| 6 Chorley New Road | £ 100,000 | 0.03 KM |