6-bedroom flat · BL1 5QP
To rentListed 9 days
Opportunity summary
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About
East Bank, New Church Road, Smithills, Bolton, BL1 5QP For Sale - Investment Opportunity | Three Self-Contained Apartments Overview An excellent investment opportunity to acquire three extensive apartments within a substantial period semi-detached residence, discreetly tucked away off Church Road in the highly regarded area of Smithills, Bolton.
Eastbank combines period elegance with generous accommodation , private outdoor space, parking and strong rental potential.
The development comprises three individually designed apartments , all offering generous accommodation, allocated parking and strong tenant appeal.
The property is approached via an extensive gated driveway , providing privacy and exclusivity.
Two of the apartments are currently tenanted , with the third ready to be let, making this an ideal income-generating investment with immediate returns and further upside potential .
Investment Summary 3 self-contained apartments 2 currently tenanted 1 ready to let Strong rental demand location Projected Gross Annual Income: £35,880 Low annual service charge (£500 per unit) Long leasehold interests (999 years) Current / Potential Rental Income Apartment 1: £1,200 PCM (marketed for let) Apartment 2: £895 PCM (tenanted) FLOOR PLAN UPLOADED FOR THIS APARTMENT Apartment 3: £895 PCM (tenanted) Total Monthly Income: £2,990 Total Annual Income: £35,880 Location Eastbank occupies a quiet and highly desirable setting whilst remaining within easy reach of excellent schools at all levels, the Ring Road network, open countryside, health clubs, golf clubs and tennis clubs.
The development enjoys a secluded approach via a private driveway leading to Eastbank and two additional contemporary residences.
Private garden areas and parking facilities Popular residential location with strong tenant appeal Apartment One Accommodation Overview: A substantial ground floor apartment offering flexible and beautifully presented accommodation with impressive ceiling heights, extensive fitted furniture, a superb garden room extension and private enclosed garden.
Communal entrance hallway with hardwood entrance door L-shaped reception hallway with coved ceiling and inset spotlighting Spacious living room with carved feature fireplace and living flame gas fire Second reception/dining room with glazed access to garden room Stylish fitted kitchen with integrated appliances and breakfast bar Utility room and separate two-piece cloakroom Two double bedrooms including principal suite with four-piece ensuite Additional three-piece shower room Private enclosed paved garden with gated access Parking for one to two vehicles Apartment Two Accommodation Overview: A spacious first floor apartment retaining a wealth of character with high ceilings, exposed brick detailing and versatile accommodation over split levels.
Communal entrance with staircase to first floor Breakfast kitchen with integrated appliances Generous lounge with exposed brick fireplace and gas fire Lower level room suitable for occasional bedroom or study Two double bedrooms with fitted furniture Three-piece shower room Principal bedroom with extensive fitted robes and ensuite facilities Communal gardens and private parking Intercom access and loft storage Apartment Three Accommodation Overview: A spacious top floor apartment offering deceptively spacious accommodation with the advantage of having an ensuite, access to a loft area plus a small balcony.
Communal entrance with staircase to first floor Breakfast kitchen with integrated appliances Generous lounge with exposed brick fireplace and gas fire Additional walk in room - potential office or study Two double bedrooms with fitted furniture Three-piece shower room Principal bedroom with extensive fitted robes and ensuite facilities Access to Loft room with Velux and carpeted via pull down ladder Small balcony from the landing.
Communal gardens and private parking Intercom access and loft storage Rental & Investment Potential Eastbank presents a rare opportunity for investors seeking sizeable apartments in a consistently popular residential location.
The apartments are expected to generate a strong rental income with a combined projected return of £2990.00 per calendar month (£35,880 P.A).
The spacious layouts, parking provision and proximity to schools, transport links and leisure facilities are expected to appeal to professional tenants and downsizers alike.
Additional Information Tenure : all on a 999 year lease from 2020 * Peppercorn Rent.
Service charge: £ 500.00 P.A Per Unit and Council Tax : Apt 1 : C Apt 2: B Apt 3: A Mains gas, electric and water supplies are understood to be connected.
For further information or to arrange a viewing, please contact PLM Sales Ltd.
Disclaimer These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute an offer or part of a contract.
Prospective purchasers and/or lessees ought to seek their own professional advice.
All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
All measurements are approximate.
All appliances, fixtures and fittings listed within details provided by PLM are 'as seen' and have not been tested by PLM nor have we sought certification of warranty or service, unless otherwise stated.
It is in the buyer's interest to check the working condition of all appliances.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Apt 2 Eastbank, New Church Road, Smithills. Bolton. BL1 5QP
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