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Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 117 page views

Since listed: 994 page views

Description

We are pleased to present this chance to invest in the famous ex Pack Horse Hotel in Bolton. It was transformed in 2012 into luxury student accommodation. Located only ten minutes away from the university The Pack Horse is perfectly placed and is a popular choice with students.

This unit offered is a classic studio with fitted kitchenette, study area and en-suite. The beautiful period building on Nelson Square offers students all sorts of amenities. Inside there is CCTV in all communal areas and the electronic key fobs mean only resident students can enter and leave the property. In addition, secure bike storage encourages students to get around town in a healthy and environmentally friendly way.

The large communal area, the hotel’s old ballroom, acts as the social hub of the property, with pinball machines, pool tables and a projector for movies. In the studios the luxury doesn’t end, with free Wi-Fi and wall mounted LCD TVs as well as onsite laundry facilities, a private residents' gym and study room all situated within the development.

The development is managed by Primo Property Management, who are anuk accredited management service. The company has a national presence, managing both student and residential accommodation in Bolton, Glasgow, Leeds, Manchester (Fallowfield), Nottingham, Sheffield and Plymouth. The floods of recommendations they receive every year are proof that their properties are both impressive on paper, and in reality.

Bolton itself has a great reputation for investments, with strategic employment and residential developments, in the Town Centre, Logistics North and Rivington Chase taking shape regeneration across the borough is firmly set to continue. House prices in the area are also on a steady rise and have already increased by 22% in the last 5 years alone (Zoopla – November 2018.)

Financial Breakdown

Gross rent: £4,275
Ground rent: £150
Service charge: £1,200
Lettings fees: £410
Net income: £2,515
Gross yield: 12.95%
Net yield: 7.62%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-9773

Map & Nearby

Local Amenities

  • Bolton 0.3 miles
  • Hall-i'-th'-Wood 1.5 miles
  • St Peter and St Paul RC Primary School 0.5 miles
  • Bolton Parish Church CofE Primary School 0.6 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Bolton 0.3 miles
  • Hall-i'-th'-Wood 1.5 miles
  • St Peter and St Paul RC Primary School 0.5 miles
  • Bolton Parish Church CofE Primary School 0.6 miles

Market stats

Sale activity

Average estimated value for a flat in BL1:

  • £120,109
  • Price decrease

  • -£1,783
  • (-1.463%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £110,700
  • Properties sold

    81

Rental opportunities

£446 pcm

Recent sales nearby

See all recent sales in BL1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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The Developer

Price history

Sold prices provided by Land Registry
23rd Jan 2019 £33,000 Price reduced by £2,000
8th Nov 2018 £35,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.