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Manchester Road, Bolton 5 bed block of apartments for sale
Manchester Road, Bolton
£275,000
Manchester Road, Bolton
£275,000
Our Summary
- TO BE SOLD BY ONLINE AUCTION ON 14TH MAY 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS
- 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
- There is also potential to convert the property into an 8-bedroom HMO, subject to the relevant planning permissions
- 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
- Ideal project for investors or developers
- To be sold by online auction
Description
This linked detached property in Bolton, currently comprising five self-contained flats, is an excellent opportunity for investors to refurbish and develop into a high-yield investment. The property is vacant and in need of modernization, but its potential rental income is substantial, with each flat capable of generating around £750 per month, totaling £3,750 per month or £45,000 annually. Additionally, with the right planning permissions, the property could be converted into an 8-bedroom HMO, yielding a potential monthly income of £5,600 or £67,200 annually. With Bolton's strong demand for rental properties, this location offers a great opportunity for investors to add value and capitalize on the local market.