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Eastbank Gardens, New Church Road, Smithills. Bolton. BL1 5QP

Key features

  • Ideal Investment Oppotunity
  • Apartment Block
  • Three Apartments - two with tenants in situ

Description

East Bank, New Church Road, Smithills, Bolton, BL1 5QP


For Sale - Investment Opportunity | Three Self-Contained Apartments





Overview


An excellent opportunity to acquire a block of three spacious, self-contained apartments, set within an attractive converted period property in a highly sought-after and tucked-away location in Smithills, Bolton.


The development comprises three individually designed apartments, all offering generous accommodation, allocated parking and strong tenant appeal. The property is approached via an extensive gated driveway, providing privacy and exclusivity.


Two of the apartments are currently tenanted, with the third ready to be let, making this an ideal income-generating investment with immediate returns and further upside potential.






Investment Summary



  • 3 self-contained apartments



  • 2 currently tenanted



  • 1 ready to let



  • Strong rental demand location



  • Projected Gross Annual Income: £35,880



  • Low annual service charge (~£500 per unit)



  • Long leasehold interests (999 years)



Current / Potential Rental Income



  • Apartment 1: £1,200 PCM (marketed for let)



  • Apartment 2: £895 PCM (tenanted)



  • Apartment 3: £895 PCM (tenanted)



Total Monthly Income: £2,990
Total Annual Income: £35,880






Apartment 1 - Ground Floor


Overview


An exceptionally spacious two double bedroom ground floor apartment, offering versatile living accommodation, a private courtyard and access to communal gardens. Finished to a high standard throughout, this unit is ideal for strong rental demand.



Highlights



  • Two double bedrooms



  • Large living room + separate dining room



  • Modern fitted kitchen with integrated appliances



  • Additional garden room with vaulted ceiling



  • Principal bedroom with four-piece ensuite



  • Private courtyard



  • Two allocated parking spaces






Apartment 2 - First Floor


Overview


A well-presented and generously sized first floor apartment, featuring high ceilings and flexible accommodation, including a potential third bedroom or study.



Highlights



  • Two bedrooms (potential for three)



  • Spacious living room with feature fireplace



  • Modern breakfast kitchen



  • Separate home office / study



  • Ensuite plus additional shower room



  • Two allocated parking spaces



Currently Let at £895 PCM






Apartment 3 - Top Floor


Overview


A unique and characterful top floor apartment, offering vaulted ceilings, additional loft space and a tenant in situ, providing immediate rental income.



Highlights



  • Two double bedrooms



  • Spacious lounge with vaulted ceiling



  • Fitted dining kitchen



  • Walk-in study / storage room



  • Four-piece ensuite + additional shower room



  • Loft space with Velux window



  • Recently redecorated



Tenant in Situ - £895 PCM






External & Development Features



  • Gated private driveway



  • Ample parking for residents and visitors



  • Communal gardens



  • Quiet, tucked-away position



  • Small, exclusive development of just three units






Location


Situated in the desirable area of Smithills, the property is within easy reach of:




  • Local shops, pubs and restaurants



  • Excellent transport links including the Ring Road



  • Countryside walks including Doffcocker Conservation Area



  • Golf, leisure and health facilities






Tenure & Charges



  • Tenure: Long Leasehold (999 years from 2020)



  • Ground Rent: Peppercorn



  • Service Charge & Buildings Insurance: Approx. £500 per apartment per annum






Summary


This is a rare opportunity to acquire a fully income-producing residential block in a prime location, offering:




  • Immediate rental income



  • Strong tenant appeal



  • Long-term capital growth potential



Ideal for portfolio landlords or investors seeking a ready-made addition with minimal setup required.


Disclaimer
These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute an offer or part of a contract. Prospective purchasers and/or lessees ought to seek their own professional advice.

All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

All measurements are approximate.
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.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
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

Eastbank Gardens, New Church Road, Smithills. Bolton. BL1 5QP

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About PLM, Bolton

Tudor House, 599 Chorley Old Road, Smithills, Bolton, BL1 6BL

PLM incorporates professional, friendly and dedicated staff to ensure your moving process goes as smoothly as possible. It's directors have over 40 yrs experience of property within the Bolton Borough ensuring we have the knowledge and expertise to advise you along the road to selling your house. We have numerous professional contacts to assist along the way from choosing a solicitor to an Interior designer. We have supporting companies in the residential lettings and commercial property sector also.

Affordability

Monthly repayments£2,919
Property: £ 640,000
Deposit: £ 64,000
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 44556. 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 PLM, Bolton. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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