- 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 +
Property Overview
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.
________________________________________
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