Spa Road, Bolton, Greater Manchester, BL1
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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Key features
- Recently refurbished HMO property
- Currently vacant but in the process of being tenanted
- Expected rental income of £27,480 per annum
- Generating a gross yield of 12.5% & expected net yield of 9%
- No HMO licnecne required due to being a 4 bed
- 4 Bathroom all with ensuites
Description
A beautifully refurbished 4-bedroom HMO in a prime Bolton location - now available for sale. Situated on Spa Road, this terraced house has been stylishly modernised. It offers four double bedrooms, each with its own private en-suite, ideal for the professional or student rental market.
A communal kitchen and dining area located on the ground floor provides a shared social hub for tenants. To the rear, a private yard adds valuable outdoor space.
Currently being marketed for tenants by Above Letting Agent, the property is ready for income generation, making this a turnkey investment.
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Key Features
* 4 Fully Furnished Double Bedrooms - Each with Private En Suite
* Large Ground Floor Communal Kitchen & Dining Space
* Private Rear Yard
* Mid-Terrace Property - Well Maintained & Recently Renovated
* Fully Compliant - No HMO Licence Required (under 5 occupants)
* Tenant Placement in Progress - Managed by Abode Letting Agent
* Close to University, Town Centre & Amenities
Rental Income Breakdown
Room Monthly Rent Annual Rent
Room 1 £570 £6,840
Room 2 £550 £6,600
Room 3 £570 £6,840
Room 4 £600 £7,200
Total £2,290 £27,480
Investment Returns
Gross Yield:
* Annual Rent: £27,480
* Asking Price: £220,000
* Gross Yield: 12.49%
Net Income & Net Yield
* Net Annual Income: £27,480 - £7,806.33 = £19,673.67
* Net Yield: 9.0%
Location Benefits
* Excellent location in central Bolton
* Short walk to the University of Bolton, the town centre, and transport links
* High demand from students and young professionals
* Surrounded by local shops, gyms, cafes and more
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Spa Road, Bolton, Greater Manchester, BL1
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Visit our security centre to find out moreDisclaimer - Property reference Spa-Road-Bolton. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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