1-bedroom flat · BL1 1NR
Sold STCListed 35 daysAuction 7 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £18,000+ **For Sale By Public Auction 7th October 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Second Floor One Bedroom Split Level Flat in a Grade II Listed Building Tenure Leasehold.
The property is held on a 99 year lease from 27th June 2002 (thus approximately 74 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Queen's Park are within easy reach. Transport links are provided by Bolton rail station.
Description The property comprises a second floor one bedroom split level flat situated within a Grade II listed building arranged over ground and two upper floors.
Accommodation Second Floor Reception Room Kitchen Bathroom Second Floor Mezzanine Bedroom Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
EPC Rating E Viewing Schedule (No Booking Required) Addendum Please note that this property is subject to a Buyers Premium of £1,560 inc VAT.
This is in addition to the buyer's admin fee of £1,800 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
Value & comps
No previous sales on record.
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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 starting price
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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
Agent & docs
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FAQ
About Flat 29 The Old School Rooms, Great Moor Street, Bolton, Lancashire, BL1 1NR
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