Summary - 39 CORN MILL DRIVE, FARNWORTH, BOLTON BL4 9EN
2 bed 1 bath Apartment
Immediate rental income with scope for rent uplift and quick auction sale.
Tenanted; producing £600pcm (£7,200pa) current income
This two-bedroom leasehold maisonette sits in a modern mid-2000s development close to Farnworth station and motorway links, currently generating £7,200pa from an in-place tenancy. The flat has double glazing, mains gas heating with a boiler and radiators, allocated off-street parking and well-kept communal areas — practical features for ongoing rental demand.
The property is presented 'sold as seen' and will be offered at online auction, making it suitable for investors looking for a quick purchase route. The long lease (231 years remaining) and EPC rating of C are positives, and local achieved rents suggest scope to increase income toward the advertised local market range of £750–£850pcm.
Buyers should note the unit is small (approximately 463 sq ft) and in a very deprived wider area classification; this can affect tenant turnover and capital growth. It is sold tenanted at £600pcm — a clear current income but below local comparables — and will need market-facing refurbishment or re-letting to realise higher rents.
Overall this is a straightforward, low-maintenance buy-to-let with immediate income and uplift potential, offered at auction for investors prepared to manage tenancy, minor cosmetic works, and the short-term dynamics of the local rental market.
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