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Somerville Square, Halliwell

North West

£129,950
Listed on 20/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
743 sqft

Description

This quasi-semi family home is located in the sought-after Halliwell area, known for its accessibility to local amenities including shops, schools, and transportation options. The property presents an excellent opportunity for first-time buyers, downsizers, or investors looking to capitalize on the potential of a renovation project. Upon entering, you are welcomed into a hallway that leads to a series of functional living spaces. The lounge features double-glazed windows at both front and rear, allowing for natural light to flow through the room. A traditional fireplace with a living flame gas fire serves as a focal point. Adjacent to the lounge is a diner/kitchen equipped with a variety of wall and base units. There is ample space for appliances, including plumbing for an automatic washer, and access to the rear garden through double-glazed doors. The first floor includes two well-sized bedrooms, both featuring front-facing double-glazed windows and radiators for warmth. The bathroom comprises a panel bath with an overhead shower and hand wash basin, while a separate WC adds convenience. Externally, the property boasts gardens at both the front and rear. The front garden is easily manageable while the rear is spacious enough for various landscaping ideas, featuring established borders that could be enhanced further. Although some updating is required throughout the home, it is offered with no onward chain, making it an attractive proposition for someone looking to invest in an area with strong rental demand or who wishes to create their ideal living environment. This property represents not only a home but also an opportunity for long-term growth in value given its desirable location and potential enhancements.

Investment Analysis

(BL1 area)

Below Market Value

This property is priced -17.7% below area average per sq ft

-17.7%
Potential saving
This Property
£175/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£173,676
10% above area average per sq ft
Potential ROI
+12.1%
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

Somerville Square, Halliwell
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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
£476
Based on a loan of £97,462 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