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Chorley Old Road

North West

£138,000
Listed on 02/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
904 sqft

Description

This traditional stone cottage presents a remarkable opportunity for renovation and investment, situated in a desirable area known for its blend of local amenities and scenic surroundings. Within close proximity to Horwich and Bolton town centers, the property is positioned to benefit from nearby shops, reputable schools, and major commuting links. Additionally, it offers quick access to the natural beauty of Doffcocker Nature Reserve, Moss Bank Parklands, and the historic Smithills Hall Estate — perfect for outdoor enthusiasts seeking family-friendly country walks. The cottage features two well-proportioned bedrooms, with an extension at the rear that provides additional living space. This layout creates a versatile environment that can cater to various homeowner needs—from first-time buyers eager to bring their creative vision to life through refurbishment, to downsizers wishing to remain in this sought-after locale or investors looking for a potential buy-to-let opportunity. While the property requires significant updating, it holds great promise as a charming home that can retain many original features reflective of its construction era. The current owners have maintained the property for over 25 years and are now ready for new ownership to revitalize it into a warm family residence once again. Entering through a paved pathway bordered by minimal shrubbery, you’ll find an inviting reception room that showcases classic characteristics such as good ceiling height and tall skirting boards. Natural light floods this space through a front-facing window, while an electric fire set within the chimney breast adds warmth. A second spacious family room connects directly to the kitchen extension, enhancing the overall flow of this living area. The kitchen is equipped with wood-effect cabinetry and integrated appliances including an oven and gas hob. It features natural light from windows overlooking the rear yard as well as practical tiled flooring. A door leads directly to the outside space which is both private and sunlit throughout the day. Upstairs, two bedrooms—one generous master with built-in storage—offer comfortable living spaces filled with light. The second bedroom could easily be adapted into a home office suitable for modern hybrid working conditions. The family bathroom includes essential fixtures and is finished with fully tiled elevations. Additional benefits include central heating, double glazing, and basic security measures in place. With potential loft development available subject to planning permission, there’s scope for expanding living space further. This property’s location combines urban convenience with access to rural charm. Its competitive pricing reflects necessary updates needed while also making it an appealing prospect for those looking to invest or create their ideal home in a thriving community. Early viewing is recommended to appreciate all that this

Investment Analysis

(BL1 area)

Below Market Value

This property is priced -28.2% below area average per sq ft

-28.2%
Potential saving
This Property
£153/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£211,310
10% above area average per sq ft
Potential ROI
+18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (BL1)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 14.3%
5 year growth: 35.6%
Investment Disclaimer: Analysis based on BL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chorley Old Road
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£506
Based on a loan of £103,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE