Summary - 45 BRIDGEMAN STREET FARNWORTH BOLTON BL4 7PR
3 bed 1 bath Terraced
Income-producing Victorian terrace near Farnworth station — sold with tenant at auction.
Three bedrooms and two reception rooms, circa 774 sq ft
A three-bedroom, two-reception mid-terraced house in Farnworth offered freehold with a sitting tenant paying £7,620 per year (£635 pcm). The property is presented for sale at auction with exchange on the fall of the hammer and completion typically within 20 working days. It occupies a compact footprint (approximately 774 sq ft) with a small forecourt and rear yard with double gates.
Location is practical for landlords: Farnworth train station and the M61 are close by, supporting tenant demand and commuter rental appeal. The building is traditional solid-brick Victorian terrace with double glazing and gas central heating. Council Tax Band A and a D EPC keep holding costs low, which supports net rental returns at the current income level.
Material points for buyers: the property is sold with a tenant in situ so no viewings will be available; bidders must consult the legal pack before bidding. There is a buyer’s premium (£2,500 + VAT or 2% of purchase price, whichever is greater) plus a buyer’s administration fee (£500 + VAT). The local area scores as very deprived which can affect long-term capital growth and re-letting risk.
For an investor prepared to manage and possibly refurbish, the house offers a straightforward addition to a buy-to-let portfolio. Thermal upgrade opportunities (solid brick with assumed no cavity insulation) and cosmetic improvements in key rooms could raise rental value and long-term appeal, but calculate refurbishment costs and void risk before bidding.
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