Income-ready property with tenant in place and long lease remaining.
Guide price £130,000; sold by Modern Method of Auction
A three-bedroom semi-detached house offered via the Modern Method of Auction, presented with a guide price of £130,000. The property extends to approximately 1,358 sq ft, has driveway parking, a flagged and lawned rear garden and mains gas central heating. EPC rating C and council tax band B. The sale is leasehold with 977 years remaining.
This property is sold with a tenant in situ, making it immediately income-producing for investors or a potential long-term hold. The layout is traditional: ground-floor lounge with patio doors, fitted kitchen, downstairs WC, and three bedrooms upstairs. The home is modern-built (c.1996–2002) with double glazing and cavity walls assumed insulated.
Important auction terms and costs are material to any purchase decision. The Modern Method of Auction requires completion within a 56-day reservation period; the buyer must sign a Reservation Agreement and pay a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600). There is also a Buyer Information Pack fee (approx £349 inc VAT) and potential optional service fees (up to £450). Verify mortgage suitability and inspect thoroughly before bidding.
Location benefits include proximity to St James's High School, local shops and Royal Bolton Hospital, with very low local crime and excellent mobile and fast broadband. Note the wider area is classified as very deprived and the neighbourhood profile indicates social-renting young families — factors that may affect long-term rental demand and yields.
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