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White Lion Brow, Bolton, BL1 4DQ

North West

£325,000
Listed on 22/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property encompasses approximately 0.0595 acres and has secured planning permission for the development of a 48-bed student accommodation complex, presenting a significant opportunity for renovation or investment. The approved plans allow for immediate progression into an essential housing option for students in an area with increasing demand. Situated along White Lion Brow in Bolton, the site benefits from its proximity to the town center, making it highly accessible for future residents. The local transport links are robust, with direct connections to the A666 (St Peters Way) facilitating easy access to the M60 motorway. This connectivity extends to major regional routes including the M62 and M61, enhancing appeal not only for students but also for potential investors interested in a strategically located asset. The land's location is particularly advantageous due to its closeness to educational institutions such as Bolton College and Bolton University, creating a consistent need for quality student housing. With the ongoing growth in enrollment at these institutions, this property stands out as an excellent chance for development that aligns with market needs. As a leasehold property, this site offers an investor or developer the flexibility to create a tailored living environment catering specifically to students. The existing planning permission sets a solid foundation upon which to build an attractive and functional residence that could yield substantial returns in one of Bolton's promising areas.

Investment Analysis

(BL1 area)
Area Average
£213/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,500,000 - £2,000,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (BL1)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 14.3%
5 year growth: 35.6%
Investment Disclaimer: Analysis based on BL1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

White Lion Brow, Bolton, BL1 4DQ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,191
Based on a loan of £243,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE