House For Sale £140,000
Sold by andy burns at The Agency UK. Have you been searching for an investment, with tenants in situ, offering a high return and no void periods? This newly renovated end of terrace HMO property on Sapling Road in Bolton could be the one for you!
This three bedroom, end of terrace house on Sapling Road, Bolton, offers a great investment opportunity for anyone looking for tenanted stock where you can earn an immediate income.The property has been converted into a HMO and offers 3 double bedrooms, a communal kitchen dining area, shared bathroom, storage for cleaning services and front & rear yards.
Recently renovated, the property is finished to a high standard. There have been extensive works carried out, including:-
Damp proof course
New Boiler
Re-plastered throughout
Rewired
New electrical consumer unit
New Kitchen
New Bathroom
New Windows
Repointing of brick work
With warranties and guarantees in place for the majority of the work conducted, there will be no further maintenance required for the foreseeable future.
The property is currently tenanted by social housing tenants, with the rent being paid directly to the owner from Bolton council. Each room is currently achieving £394pcm on a bills included model. Please find the financial breakdown for the property below:
Gross Rent:- £14,184pa
Running Costs: - £4,200pa
net Rent:- £9,984pa
net Return:- 7.13%
This property is ideally located and sits close to local amenities, transport links, schools and beautiful outside spaces.
Aldi, Tesco Extra, Asda, Sainsbury's and Lidl are all within a short drive from the property, so whatever your preferred supermarket choice is, there's something to suit all.
Bolton rail station stop is no more than a 10-minute journey away from the front door, with bus routes into Bolton Town Centre on the doorstep and it is also less than a mile drive to Junction 4 of the M61 motorway network.
This property also sits in the catchment area for some of the best schools in the area, with primary schools such as Heathfield Primary, St. Bede Academy, Sunning Hill Primary and St. Mary’s CofE Primary, as well as high schools such as King's Leadership Academy and Essa Academy all within touching distance.
This area is a real hotspot for investors currently, given the high demand for rental properties and the high net returns. Therefore, this property is inevitably going to receive a lot of interest and early viewing is recommended so you don't miss out!
Kitchen/Diner (4.34m x 4.02m (14'3" x 13'2"))
Newly fitted kitchen with breakfast bar, ample storage across a range of wall and base units, gas cooker, washer/dryer, sink and tiled splashback
Bedroom One (4.39m x 3.72m (14'5" x 12'2"))
Double bedroom with newly fitted bay fronted window offering views to the front of the property
Bedroom Two (2.83m x 2.49m (9'4" x 8'2"))
Double bedroom with newly fitted double glazed window offering views to the front of the property
Bedroom Three (3.13m x 2.62m (10'3" x 8'7"))
Double bedroom with newly fitted window offering views to the rear of the property
Bedroom Four/Storage (2.83m x 1.60m (9'4" x 5'3"))
Single bedroom with newly fitted double glazed window offering views to the front of the property. Currently being used as storage for cleaning services
Bathroom (4.02m x 2.26m (13'2" x 7'5"))
Newly fitted bathroom with shower over bath, toilet, wash basin, shaver/toothbrush plug, tiled flooring and frosted double glazed window to the rear of the property
This three bedroom, end of terrace house on Sapling Road, Bolton, offers a great investment opportunity for anyone looking for tenanted stock where you can earn an immediate income.The property has been converted into a HMO and offers 3 double bedrooms, a communal kitchen dining area, shared bathroom, storage for cleaning services and front & rear yards.
Recently renovated, the property is finished to a high standard. There have been extensive works carried out, including:-
Damp proof course
New Boiler
Re-plastered throughout
Rewired
New electrical consumer unit
New Kitchen
New Bathroom
New Windows
Repointing of brick work
With warranties and guarantees in place for the majority of the work conducted, there will be no further maintenance required for the foreseeable future.
The property is currently tenanted by social housing tenants, with the rent being paid directly to the owner from Bolton council. Each room is currently achieving £394pcm on a bills included model. Please find the financial breakdown for the property below:
Gross Rent:- £14,184pa
Running Costs: - £4,200pa
net Rent:- £9,984pa
net Return:- 7.13%
This property is ideally located and sits close to local amenities, transport links, schools and beautiful outside spaces.
Aldi, Tesco Extra, Asda, Sainsbury's and Lidl are all within a short drive from the property, so whatever your preferred supermarket choice is, there's something to suit all.
Bolton rail station stop is no more than a 10-minute journey away from the front door, with bus routes into Bolton Town Centre on the doorstep and it is also less than a mile drive to Junction 4 of the M61 motorway network.
This property also sits in the catchment area for some of the best schools in the area, with primary schools such as Heathfield Primary, St. Bede Academy, Sunning Hill Primary and St. Mary’s CofE Primary, as well as high schools such as King's Leadership Academy and Essa Academy all within touching distance.
This area is a real hotspot for investors currently, given the high demand for rental properties and the high net returns. Therefore, this property is inevitably going to receive a lot of interest and early viewing is recommended so you don't miss out!
Kitchen/Diner (4.34m x 4.02m (14'3" x 13'2"))
Newly fitted kitchen with breakfast bar, ample storage across a range of wall and base units, gas cooker, washer/dryer, sink and tiled splashback
Bedroom One (4.39m x 3.72m (14'5" x 12'2"))
Double bedroom with newly fitted bay fronted window offering views to the front of the property
Bedroom Two (2.83m x 2.49m (9'4" x 8'2"))
Double bedroom with newly fitted double glazed window offering views to the front of the property
Bedroom Three (3.13m x 2.62m (10'3" x 8'7"))
Double bedroom with newly fitted window offering views to the rear of the property
Bedroom Four/Storage (2.83m x 1.60m (9'4" x 5'3"))
Single bedroom with newly fitted double glazed window offering views to the front of the property. Currently being used as storage for cleaning services
Bathroom (4.02m x 2.26m (13'2" x 7'5"))
Newly fitted bathroom with shower over bath, toilet, wash basin, shaver/toothbrush plug, tiled flooring and frosted double glazed window to the rear of the property
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