Summary - Vernon Street, Bolton, Greater Manchester, BL1 BL1 2PP
9 bed 9 bath Commercial Property
Fully occupied 9-unit HMO with council tenancy delivering c.10% yield in central Bolton.
- Fully occupied 9-unit HMO producing £47,000+ pa
- Reported 10.01% gross yield
- Let to Bolton Metropolitan Council for 3+ years (secure income)
- Each unit includes living room, kitchen and bathroom
- Victorian/Edwardian building with dated exterior (pebbledash)
- Requires renovation and updating; refurbishment needed
- Small plot despite generous yard/garden wraparound
- Tenure unknown; purchasers must verify title and compliance
A fully occupied, income-producing HMO in Bolton town centre, let to Bolton Metropolitan Council for over three years. The building houses nine self-contained residential units (each with living area, kitchen and bathroom) and currently produces annual income in excess of £47,000, reflecting a reported 10.01% yield — a clear attraction for buy-to-let investors seeking immediate cashflow and secure council tenancy.
The property is arranged over two floors plus a dormer/attic and sits on a small plot with a large yard/garden wrapping around the front and side. Victorian/Edwardian elements remain, but the exterior and common parts are dated (pebbledash, older finishes) and the building requires renovation and updating in places. Tenure is listed as unknown and prospective buyers should verify title and lease details.
Location strengths include central Bolton position, excellent mobile signal and fast broadband, very low local crime, and direct access to a wide range of amenities and public transport. The surrounding area is classified as very deprived and ‘constrained neighbourhoods’, which affects long-term capital growth prospects but underpins strong rental demand and council interest.
This is a practical purchase for investors prioritising immediate rental yield and an established council contract. Buyers should budget for refurbishment and confirm tenure, compliance and any required safety or licensing upgrades before completion. Viewings are by appointment only.
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