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Merehall Street, Bolton - Image 1
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Merehall Street, Bolton

North West

£400,000
Listed on 28/12/2025

Property Details

Bedrooms
9
Type
Detached house
Area
3460 sqft

Description

This extensive two-storey detached property, previously utilized as a respite home, is situated on the fringes of Bolton town centre and offers considerable potential for redevelopment. Constructed in the 1990s with traditional brickwork and a pitched tiled roof, the building features a generous layout suitable for various uses. The ground floor consists of an inner hallway, three bedrooms, a kitchen, and a communal lounge area alongside utility spaces including a former wet room and bathrooms. On the upper level, there are six additional bedrooms along with multiple WC facilities and bathrooms, providing ample accommodation space. Outside, low-maintenance gardens surround the property with secure access to parking for one to two vehicles via double gates at the rear. This property presents an excellent opportunity for multiple buyers such as operators in care or respite services, investors looking to convert into house in multiple occupation (HMO) or supported living arrangements, and developers interested in transforming it into self-contained apartments. Given its layout and strategic location near Bolton's amenities, this versatile property is ideal for anyone seeking a substantial renovation project with significant investment potential.

Investment Analysis

(BL1 area)

Below Market Value

This property is priced -45.6% below area average per sq ft

-45.6%
Potential saving
This Property
£116/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£211
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£90,000 - £130,000
Target Value
£808,775
10% above area average per sq ft
Potential ROI
+52.6%
After renovation
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

Merehall Street, Bolton
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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
£1,465
Based on a loan of £300,000 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