Summary - THE COTTON BUILDING 21 DEAKINS MILL WAY EGERTON BOLTON BL7 9YX
1 bed 1 bath Apartment
Comfortable modern one-bedroom with balcony and reliable rental prospects.
Open-plan lounge/kitchen with private balcony and natural light
Large double bedroom with built-in wardrobes
Long lease — 974 years remaining, leasehold tenure
Service charge £138 pcm; ground rent £307 pa
Sold via Modern Method of Auction — reservation fee applies (4.5% min £6,600)
Potential rental income circa £850 pcm; chain free and vacant possession
EPC rating E and electric boiler heating — possible future improvement costs
Off-street parking and secure communal second-floor setting
Bright, surprisingly spacious and offered chain free, this one-bedroom apartment in The Cotton Building combines low-maintenance modern living with immediate rental potential. The open-plan lounge/kitchen opens onto a private balcony; a large double bedroom and a separate utility/boiler cupboard provide practical space for everyday living. Off-street parking and a secure communal entrance add convenience for residents.
Financially the property is straightforward: a long lease (974 years remaining), modest service charge (£138 pcm) and annual ground rent (£307) keep running costs predictable. The home has electric boiler/radiator heating and double glazing installed before 2002. EPC rating E — adequate but means buyers should factor potential future improvements when budgeting.
Important for auction buyers: the sale is by the Modern Method of Auction. The purchaser must pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) on completion of the reservation agreement and complete within the 56-day reservation period. A Buyer Information Pack and additional optional services may incur fees — check these before bidding and speak to your lender if you need a mortgage.
This apartment will suit investors seeking an immediate-let in a very low-crime, affluent suburb with good broadband and mobile signal; advertised potential rental income around £850 pcm. It will also suit first-time buyers who want a compact, city-edge home that needs little internal maintenance. Factor in auction-related costs and the EPC when assessing long-term running and improvement budgets.
1 bedroom apartment for sale in The Cotton Building, Deakins Mill Way, Bolton, BL7 — £135,000 • 1 bed • 1 bath • 699 ft²
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