Summary - 12 Vernon Street, Bolton, Greater Manchester BL1 2PP BL1 2PP
1 bed 1 bath Block of Apartments
Fully let central block with immediate rental income and refurbishment upside.
- Freehold block of nine flats (five 1‑beds, four studios)
- Fully let producing £47,400 per year
- Rents currently £425–£450 pcm across units
- Guide price £400,000; gross yield c.11.9%
- Mixed EPCs: C, D and E across flats
- Neglected exterior and roof tiles may need repair
- Selling at online auction; immediate deposit and fees apply
- Administration fee 2.5% (min £2,500) plus legal disbursements
A nine-flat freehold block arranged as five one-bed and four studio flats, fully let and producing £47,400 pa. The lot sits on the northern fringe of Bolton town centre, convenient for transport, shops and local amenities — attractive for a hands-off rental income. The current rents are £425–£450 pcm and the income equates to a strong gross yield of around 11.9% at the guide price of £400,000.
There are mixed condition issues to note. Exterior elements appear neglected (pebbledash, roof tiles) and some flats have lower EPC ratings (D–E for several units) though one flat is EPC C and a few were described as modern internally. The sale is by online auction: the buyer will be contractually bound on sale, must pay a deposit and auction fees immediately, and should factor in the advertised 2.5% administration fee (min. £2,500 inc VAT) plus any disbursements in the legal pack.
This lot suits an investor or portfolio buyer seeking immediate rental income and upside from targeted refurbishment or EPC improvement. It is offered with no physical inspection by the seller’s representative, so purchasers should review the legal pack, inspect where possible, and allow costs for external repairs, EPC upgrades and any redecoration.
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