Spa Road

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 1 - £570.00pcm (£6,840 per annum)

Room 2 - £550.00pcm (£6,600 per annum)

Room 3 - £570.00pcm (£6,840 per annum)

Room 4 - £600.00pcm (£7,200 per annum)

Investment Returns

Gross Yield:

• Annual Rent: £27,480
• Asking Price: £220,000
• Gross Yield: 12.49%

Estimated Annual Outgoings

Council Tax - £1,506.33

Gas & Electricity - £2,400.00 (£200.00 a month) (estimate)

Broadband - £552.00 per annum (estimate)

Water - £600.00 per annum (estimate)

Management Fee (10%) - £2,748.00 

Total Outgoing - £7,806.33

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

Investment Highlights

• Fully refurbished – no work required
• 4 En Suite bedrooms – maximise tenant appeal
• High gross and net yields
• No HMO licence required
• Sought-after rental location
• Tenants being sourced – cashflow potential from day one

Spa Road - Key Points

Location

Bolton, United Kingdom

Tenure

Peppercorn rent

Completion

Completed property

Rental Yield

12.5% gross rental yield