Immediate rental income with short-term refurbishment upside for investors.
Four-bedroom licensed HMO producing £23,100 gross pa
A four-bedroom mid-terrace currently operated as a licensed HMO, this Bolton property offers immediate rental income and predictable cashflow. The house produces a reported gross annual income of £23,100 with long-term tenants in situ, making it an attractive buy-to-let addition for investors seeking hands-off returns.
Externally the property is a traditional Victorian red-brick terrace with a larger-than-typical paved forecourt suitable for parking and small front garden. Internally the footprint is compact (approximately 1,098 sq ft) with four bedrooms (one en-suite), a lounge, kitchen, main bathroom and a small rear garden. Broadband and mobile signal are described as good, supporting tenant demand.
Material points to note: the property is leasehold and located in an area described as deprived with blue-collar terraces, which can affect long-term capital growth and tenant mix. The property appears to need cosmetic refurbishment internally and some external tidying; weeds and worn hardstanding were noted. A buyer’s premium will apply on sale — factor this into acquisition costs.
This listing is aimed at investors or developers: it suits portfolios seeking immediate rental yield with short-term uplift through refurbishment or reconfiguration. Prospective purchasers should obtain the Let Property Pack, verify tenancy agreements and service charges, and carry out an on-site inspection and full schedules before valuation.
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