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 Abode 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
