Summary - Flat 7, The Pack Horse, Nelson Square, BOLTON BL1 1AQ
1 bed 1 bath Private Halls
Turn-key student letting with on-site amenities and instant income.
Fully furnished studio with current tenancy and immediate income
Just 10-minute walk to the University of Bolton, strong student demand
On-site gym, common room, concierge, laundry and secure bike storage
Gross rent £5,060; net income £1,157; gross yield 31.63% (net 7.23%)
Cash buyers only — mortgage finance may not be possible
Electric room heating; main fuel is electricity, higher running costs likely
Tenure unspecified and glazing install dates unknown — buyer to verify
Located in a very deprived area; building 1900–1929, cavity walls assumed uninsulated
A compact, fully furnished studio in The Pack Horse offers immediate rental income from an existing tenancy, making it a turn-key student investment close to the University of Bolton. The property sits within a converted period building (former hotel) with communal facilities such as a gym, common room, laundry, concierge and secure bike storage that appeal to student tenants.
Financials published show a gross rent of £5,060 and a net income of £1,157, with a headline gross yield of 31.63% and a net yield of 7.23%. The sale is marketed to cash buyers only, so this is best suited to investors able to complete without mortgage finance.
Buyers should note some practical limitations: heating is by electric room heaters, the main fuel is electricity, and the cavity walls are assumed to have no insulation. Tenure is not specified and glazing install dates are unknown. The property lies in a very deprived area of a major conurbation, though recorded local crime levels are very low.
This studio’s location on Bradshawgate places shops, bars and transport links on the doorstep and it is an approximate ten-minute walk to the university, supporting steady student demand. The combination of on-site amenities and an existing tenancy provides a low-management entry into the student market for a cash investor prepared to accept the building’s heating and insulation limitations.
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