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Two Bedroom Flat

Hazel Pear Close, Bolton

£130,000Guide Price

  • Two-bedroom flat
  • Net yield of 6.45%
  • Current sitting tenant paying £895pcm
  • Strong rental growth potential
  • Close to Bolton and Manchester

For more information please contact our team:

0161 337 3890

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Horwich, Bolton

Two Bedroom Apartment | £130,000 | £10,740.00 rental per annum

INTRODUCTION

Pure Investor are delighted to bring to market 10 Hazel Pear Court, a tenanted two-bedroom apartment , perfectly located in the popular Horwich region of Bolton. The property is currently tenanted at £895.00 per month (£10,740.00 per annum), and will be sold with established tenants already in situ. As such, the property will offer investors the opportunity for immediate rental income.

KEY FEATURES
  • Two double bedrooms
  • Family bathroom
  • Hugely desirable Horwich region of Bolton
  • Long -term tenants in situ (young family)
  • Dedicated parking space (included in the price)
  • Well presented and well maintained property
  • Currently let at £895 pcm, producing an immediate rental return
  • Excellent commuter links, close proximity to Bolton and Manchester city centre
LOCATION

Horwich is an attractive location for buy-to-let investment because it combines access to the Greater Manchester employment market with relatively affordable property prices and established tenant demand. Its proximity to Bolton, good transport links and access to the M61 make it practical for commuters, while Middlebrook Retail and Leisure Park and the wider employment opportunities in the area help support demand for rental accommodation. For investors, Horwich offers the potential to generate competitive rental yields without the higher purchase prices associated with some parts of Greater Manchester, alongside longer-term capital appreciation as demand for well-connected, affordable housing continues.

ACCOMMODATION

The apartment is accessed via the first floor and opens into a generous open-plan living, kitchen and dining space, with a Juliet balcony bringing in natural light and outlook. Two well-proportioned double bedrooms and a family bathroom complete the accommodation, offering comfortable and flexible living for owner-occupiers or tenants alike.

INVESTMENT & FINANCIAL SUMMARY
  • Guide Price – £130,000.00
  • Sold with long-term established tenants in situ
  • Currently generating £895.00pcm (£10,740.00pa) rental income
  • Annual service charge – £2,106.49
  • Annual ground rent – £236.25
  • Current NET rental income (after fees) = £8,397.26
  • 6.45% NET rental yield
  • Mortgageable property
  • Fully managed option available from Pure City Living & Pure Investor

 

Return on Capital Employed (ROCE) Calculator

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