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Studio for sale

£46,950 From

Great Moor Street, Bolton BL1

1 1
Interested in this property? Call 01952 476892 * or

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Property features

  • Investment Opportunity
  • Student Accomodation
  • 9% Assured Return Years Over 5 years
  • 250 Year Lease
  • Completion July 2017

Property description

Detailed Description

The Project will consist of 140 Student properties, 119 en-suites and 21 studios and is located a mere 10 minutes' walk from the main university campus in Bolton. Close to bars, restaurants and supermarkets the development will offer investors a lucrative opportunity to generate a 60% roi in just 5 years. Prices start from just £46,950 and rent is assured at 9% net for 5 years.


Investment overview


* 9% Assured Return years over 5 years

* 5% interest paid on deposited monies during construction

* Assumed Capital Growth @ 2.5% pa over 5 years

* Developer buy back option at years 5 of 110% of purchase value

This exciting opportunity centres around a very prominent site in Bolton Town centre. The developer has acquired the site and has already obtained full planning permission to build a Purpose Built Student Accommodation building consisting of 119 en-suite pods and 21 Studios. Sizes will range between 12-29m2 and all properties will be finished and furnished to an excellent standard.

The Project will boast world class facilities including a gymnasium, reception area, communal kitchens, laundry rooms and landscaped gardens, everything a student needs to live in comfort. When the project is complete in time for intake in 2017 it will offer all students the very best in luxury living.

The location of the site is in and amongst a very busy area within Bolton Town Centre on a road which is a key through route connecting Bradshawgate to Moor Lane. The University campus is situated approximately 0.6 miles away from the site and can be reached in 2 minutes via car or around 10 minutes by foot making the education zone within easy reach of the proposed development. Bolton is a city on the up and in the coming few years really will rival some of the larger Northern cities as being not only one of the best cities to study in but also one of the best places to live and own a business in. After a few months of negotiating we are pleased to be in a position to offer our investors an exclusive opportunity to capitalise on the ever growing UK Student Accommodation market which currently is worth in excess of £2bn.

Bolton train station is located approx. 300m away and with the new soon to be completed Bolton Transport Interchange literally opposite the site, nationwide transport access will be even easier than it currently is. Adjacent to the Interchange and approx. 4 minutes walk away from the building there are two large supermarkets and just a couple of minute's walk from the site there's Bolton's main town centre shopping district and town centre conservation area making shopping an easy task for the students too. The pleasant area of the town centre boasts a neoclassical setting surrounded by many retail and service outlets all located around the grade 2 listed Bolton town Hall.

This project has been designed by leading architects within the student property market and the building will be completed to an excellent standard. Using only the finest materials, the developer will spare no expense in creating the perfect building. Boasting amenities such as a high spec gymnasium, a Zen inspired garden and courtyard area, a state of the art games and communal room as well as a reception area, the development will create the perfect home from home for prospective students. Security will remain paramount in the building and CCTV will be present throughout.

The rooms will be spacious and include all of the things student need to make themselves to feel at home. Both the en-suites and studios will have access to their own private bathrooms that will comprise of a toilet, sink and shower. In addition they will come fully fitted with wardrobe space as well as a desk and chair for study. All rooms will be fitted with flat screen tv's and have microwaves as well as a kettle as standard.

Communal kitchens will be fitted out to a very high standard complete with a slimline fridge, study area, ovens as well as a communal TV and ample space for students to gather and convene. All properties will feature complimentary high speed wifi throughout.

* Bolton University 0.6m

* Bolton College 0.4m

* Construction starts 2nd quarter of 2016

* Completion july 2017

* 250 year lease

* Fully furnished

* Gym

* Courtyard area

* Reception area

* Retail units on the Ground floor

* Games Room

* Laundry Room


Payment process


* 50% Deposit on Exchange

* Legal Fees Paid if you use the developers recommended lawyers

* 50% Balance on completion

Property info

Market activity
Average price paid £151,927 Sales 767 Current average value £156,845 (Zoopla Zed-Index) Value change £2,585 ▲ 1.68%

Property value data/graphs for BL1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £342,984 £216 3.9 £285,514
Semi-detached £175,627 £173 3.1 £161,857
Terraced £92,685 £137 2.6 £96,140
Flats £116,088 £178 1.8 £100,042

Current asking prices in BL1

Average: £210,476
Avg. current asking prices in BL1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £81,054
(12)
£101,249
(131)
£183,571
(101)
£320,774
(65)
£631,674
(32)
Flats £54,665
(46)
£146,125
(66)
£91,667
(3)
£187,800
(1)
£234,750
(1)
All £60,125
(58)
£116,284
(197)
£180,920
(104)
£318,759
(66)
£619,646
(33)

Current asking rents in BL1

Average: £655 pcm
Avg. current asking prices in BL1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £422 pcm
(9)
£477 pcm
(28)
£676 pcm
(19)
£1,083 pcm
(14)
£1,938 pcm
(6)
Flats £439 pcm
(36)
£573 pcm
(35)
£569 pcm
(5)
- £303 pcm
(1)
All £436 pcm
(45)
£530 pcm
(63)
£654 pcm
(24)
£1,083 pcm
(14)
£1,705 pcm
(7)

Fun facts for BL1

Highest value in BL1
Highest value streets Zed-Index
Victoria Road £780,030
Oakley Park £744,426
The Highgrove £616,106
Ravens Wood £477,151
Ravens Holme £475,887
Highest turnover in BL1
Highest turnover streets Turnover
Playfair Street 60.0%
Bazley Street 57.9%
Columbia Road 54.5%
Orchard Avenue 50.0%
Ash Lawns 50.0%

What Zoopla users think of Bolton

Overall rating:

  • currently 3.5 stars
Good - 71% (283 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
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  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
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  • 4
  • 5

Nearby transport

  • Bolton (0.2 miles)
  • Hall-i'-th'-Wood (1.6 miles)
  • Moses Gate (1.8 miles)
  • Manchester International Airport (16.7 miles)
  • Liverpool John Lennon Airport (24.2 miles)
  • Blackpool International Airport (28.1 miles)
  • Liverpool Belfast Ferry Terminal Bootle (25.5 miles)
  • Liverpool Pier Head Ferry Terminal (26.2 miles)
  • Liverpool Isle of Man & Dublin Terminal (26.3 miles)

Nearby schools

View all schools in Bolton
  • St Peter and St Paul RC Primary School (0.5 miles)
  • Bolton Parish Church CofE Primary School (0.6 miles)
  • Gaskell Community Primary School (0.7 miles)
  • Bolton Sixth Form College (0.3 miles)
  • The Young Mums Unit (0.5 miles)
  • Bolton College (0.5 miles)
  • Bolton Islamic Girls School (0.8 miles)
  • Bolton Muslim Girls School (0.9 miles)
  • Bolton School Boys' Division (0.9 miles)
Note: Distances are straight line measurements

Local info for Bolton

AskMe Q&A for Bolton

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For more information about this property, please contact
Nu:Move International, TF2 on 01952 476892 * (local rate)

Monthly running costs Beta

£341 Monthly total
Mortgage
Purchase price
Deposit (10%) 4,695
Repayment term 25
Interest rate 0.5
Your payment £149 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £99,000 Average insurance cost £20/mo (£241/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £18 Electricity £26 Estimated energy cost £44/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Bolton

Estimated tax band A Council tax cost £100 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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