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1 bed Flat For Sale £90,000
Stone Cross House, Churchgate, Bolton, Greater Manchester BL1


Description
Earn instant income on this already tenanted investment opportunity! This beautiful one bedroom apartment is located in the heart of Bolton town centre, enquire today to avoid disappointment.

This wonderful one bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed window to the front; fully fitted kitchen with all appliances included; double bedroom with wardrobe and side tables; three piece family bathroom with shower over bath. The property is located on the first floor, and comes fully furnished.

Bolton is ideally placed within a 30 minute drive of both Manchester and Preston city centres and the property is within a few minutes drive of both Bolton and Wigan town centres. With so many town and city centres practically on its doorstep, tenants of Beresford Avenue are spoilt for choice when it comes to days and nights out! There are also plenty of amenities closer to home with Westhoughton's town centre within walking distance of Beresford Avenue which includes shops, pubs, restaurants and a market and Middlebrook Retail Park, which is only a 10 minute drive away, offering supermarkets, a cinema and a bowling alley.

Bolton has a wealth of future investment with £100m of projects in the pipeline to shape and transform its town centre. This will see the creation of 7,400 jobs and 1,800 mixed use homes which in turn will generate additional economic worth of £412m. The continued development in Bolton has spurred on the local housing market, where property prices have increased by more than 20% in the last five years (Zoopla, March 2021), and as Manchester’s city centre becomes more oversubscribed this trend is likely to continue.

**Please Note: The images used may not be a representative of the apartment, and are used for marketing purposes only**

Financial Breakdown

Gross rent: £6,840
Ground rent: £250
Service charge: £840
Lettings fees: £657
Net income: £5,093
Gross yield: 7.6%
Net yield: 5.66%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-16462

Follow the link for more information:
        
zoopla.co.uk

  
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