2-bedroom flat · BL1 5XZ
For saleReduced £10k (−6.7%) on 20 OctListed 240 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Neilston Rise is a group of apartments converted approximately 19 years ago; the original buildings being a prominent pair of semi-detached houses and located in a high calibre area.
You may note that several houses in the immediate vicinity have sold for in excess of £1M which illustrates the quality of the postcode.
The particular apartment that we are marketing is positioned to the rear of the block and therefore enjoys an open aspect and should be considered as one of the best positions within the development.
There is private allocated parking and some communal gardens.
The original electrical storage heaters have been changed to a slimline, oil-filled electric heater which they have found to be more efficient.
The property is Leasehold for a term of 125 years (less one day) from 1 March 2001 subject to the payment of the yearly ground rent of £125 Service charge £236.25 per month; ground rent £125 per annum.
Council Tax band is Band C - £2,008.42 As mentioned in the description of the property, the location is considered high calibre and is surrounded by a number of high value homes.
The development is on the Heaton and Lostock border and therefore can be judged as one of the town's more prestigious areas.
For those looking for convenient transport it is worth noting that Lostock train station is just over half a mile away whilst Junctions 5 of the M61 is just over 2 miles away.
An abundance of shops and services can be found at Middlebrook Retail Complex which also includes leisure facilities such as cinema and gym, whilst Heaton includes a number of popular bars, restaurants and sports clubs.
The high quality location should appeal to the discerning buyer and an early viewing is advised.
Entrance Vestibule area with further access into the Entrance Hall with glass screen introducing light from the light well.
Kitchen/Lounge/Dining Room 19' 4" x 19' 11" (5.89m x 6.07m) - see plan for shape.
Traditional coving to the ceiling, bright area with three windows; one to the gable and two to the rear and the rear window from the lounge having excellent far reaching views.
The Kitchen area is fitted with a range of wall and base units in a light wood grain; integrated oven, hob and extractor in addition to a fridge freezer and dishwasher.
Space for washer dryer; corner twin-bowl sink and drainer; both rear south-facing windows have good views.
Bedroom 1 11' 5" x 11' 11" (3.48m x 3.63m) with rear south-facing window overlooking the rear garden and part of the far-reaching views.
Bedroom 2 11' 6" x 8' (3.51m x 2.44m) with rear south-facing window with excellent far reaching views.
Bathroom 11' 10" x 6' 6" (3.61m x 1.98m) partly re-fitted from the original design with glass screen area from light well, twin-grip bath with electric shower, wc, hand basin in vanity unit and cupboard houses the water heating cistern.
Tiling to splash back areas.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 15, Neilston Rise, Bolton
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