No longer on the market
This property is no longer on the market
Floorplan
Map5 bedroom block of apartments
Key information
Features and description
- To be sold by online auction
- Vacant 5-flat property
- Strong rental potential
- Ideal project for investors or developers
- Located in a sought-after area of Bolton
- Freehold
TO BE SOLD BY ONLINE AUCTION ON 13TH NOVEMBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
283-285, Manchester Road, Bolton, BL3 2QP
Investors, this linked detached property, currently configured as five self-contained flats, presents an excellent refurbishment and development opportunity. The property is vacant and in need of full modernisation but offers substantial potential for a high-yield investment.
The property could generate approximately £750 per month per flat, providing a total potential rental income of £3,750 per month or £45,000 annually in its current layout.
There is also potential to convert the property into an 8-bedroom HMO, subject to the relevant planning permissions. If converted, each room could achieve a rental income of £700 per month, leading to a total monthly income of £5,600, or £67,200 annually.
With Bolton’s strong demand for rental properties, this location offers excellent potential for investors looking to add value and capitalise on the local market.
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