FLIP · Property AnalysisThis report analyzes the auction opportunity at 22 Sidford Close, Bolton, BL3 1RW. The property is a 2-bedroom end-of-terrace house in need of comprehensive refurbishment, offering a prime candidate for a "fix-and-flip" strategy.
The property represents a classic "tired" terrace house. With an estimated acquisition price of £80,000 and a comprehensive renovation budget, the project targets a 35.3% ROI. The location has strong demand for renovated starter homes. This is a recommended flip opportunity provided the purchase price at auction does not exceed £85,000.
Based on comparable 2-bedroom terraced properties in the BL3 postcode, fully renovated units currently fetch between £125,000 and £150,000 depending on finish. I have adopted a conservative ARV of £140,000 to maintain safety margins. The refurb value add comes from stripping back the dated interior, addressing visible damp, installing a modern kitchen and bathroom, and installing new flooring throughout to appeal to first-time buyers.
| Metric | Analysis |
|---|---|
| Target Acquisition | £80,000 (Auction) |
| Estimated ARV | £140,000 |
| Confidence Level | High (Strong comp data for 2-bed terraces in BL3) |
*Calculation: (Gross Profit £36,550 ÷ Total Cost £103,450) × 100 = 35.3%.
This property is being sold by online auction. This is a primary indicator of a motivated seller seeking a quick, unconditional sale. The requirement for modernisation often deters retail buyers, giving a flipper a significant advantage in negotiation through cash speed.
The primary risk is the unseen "hidden" costs of an auction property (e.g., structural issues). However, the market demand for 2-bed terraces in Bolton is robust. By staying disciplined with the purchase price and refurb budget, the risk profile remains favourable.
The current floor plan is a standard 2-bedroom layout. While some creative flippers convert larger houses, this property is ~70sqm. Trying to squeeze a 3rd bedroom would result in unusable rooms and damage the property's value. Do not attempt.
Negotiation is limited due to the auction format. However, use the following as your 'limit' markers:
Weeks: 12 || Months: 3
Total Internal Area: ~70 sqm (749 sq ft). Confidence: High (based on floor plan data).
This is a textbook flip opportunity in a working-class area where demand for renovated entry-level housing is stable. The property is currently "un-mortgageable" due to its condition, which eliminates most retail competition at the auction. By purchasing at or below £80,000 and investing £16,000 into a high-standard, clean, and neutral renovation, you create significant value. The 35.3% ROI is attractive and compensates for the holding period. Prioritize the damp issues immediately upon acquisition. Ensure your solicitor reviews the legal pack thoroughly before the auction, specifically checking for any structural covenants, though common in this area.
Strong Buy for Flip. Clear value-add potential. Discipline at auction is key—do not pay over £85k. ROI 35.3% is excellent for a project of this scale.