Studio for sale in Bolton BL3, 0 Bedroom

This 23sqm apartment is close to the centre of Bolton as well as the local train station and the university. Bolton is a large student hub in Greater Manchester and is one of the best buy-to-let markets in the UK. The area contains a great selection of shops, bars and restaurants, and great public transport options.

The apartment is currently tenanted and will provide immediate income to an investor. The local pool of potential tenants is large and, with a location as good as this, Trinity Court is sure to have no problems maintaining rental yields in the future. Bolton is an excellent investment hotspot due to its proximity to Manchester and extensive growth plan.

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 24% in the last five years (Zoopla, May 2018), and as Manchester’s city centre becomes more and more oversubscribed this trend is likely to continue .

Financial Breakdown

Gross rent: £4,740
Ground rent: £175
Service charge: £630
Lettings fees: £455
Net income: £3,480
Gross yield: 9.12%
Net yield: 6.69%

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-13477