1 bed Flat For Sale, Churchgate, Bolton BL1

Description

This excellent apartment is located in Bolton’s first luxury city living development in an unbeatable central location with all necessary amenities and transport links on it’s doorstep. The property consists of a high specification kitchen within a spacious living area, stylish bathroom and double bedroom.

Bolton is 10 miles north-west of Manchester and lies between Manchester, Darwen, Blackburn, Chorley, Bury and Salford. Due to it’s close proximity to Manchester it will continue to benefit from the growth of the thriving city and is always a popular choice for commuters looking for a place to rent outside of the city. It’s home to The University of Bolton which was named best in the North West for overall teaching quality and student satisfaction in The Sunday Times Good University Guide 2022, which means there will always be a population of students and employees of the university who are looking for a place to rent.

Bolton council have committed to an ambitious period of growth which includes a £1billion transformation across six locations in the town centre which will only broaden it’s appeal as a place to live, study and visit. The redevelopment of Crompton Place Shopping Centre plans to create a 110-bedroom hotel, 150 homes, office space, and a mixed-use retail, leisure and dining space and the Market Place has undergone a £27m transformation to create a revitalised retail and leisure destination.

The property prices in Bolton reflect the growth the city is experiencing, properties had an overall average price of £199,930 over the last year and sold prices had a huge increase of 12% on the previous year which was 21% up on the 2019 peak of £165,373 (Rightmove). There hasn't ever been a better time to invest in property in Bolton so don’t miss out and enquire today.

Financial Breakdown

Gross rent: £8,700
Ground rent: £250
Service charge: £986
Lettings fees: £1,044
Net income: £6,420
Gross yield: 8.7%
Net yield: 6.42%

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-17440

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1 bed Flat For Sale £100,000 Churchgate, Bolton BL1

1 bed Flat For Sale £100,000
Churchgate, Bolton BL1