2-bedroom flat · BL1 4GT
To rentReduced £57 (−8.4%) on 30 SepListed 123 days · slow let
Opportunity summary
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About
Two Bedroom apartment to rent within the Minerva Mill Establishment in BL1. Minerva Mill offers a modern collection of new homes that have been designed with modern urban living in mind.
Each home has a stylish open plan kitchen, generously sized bedrooms, plenty of storage and off-road parking.
Located in the centre of the town with the beautiful Queens Park and the local amenities within easy reach, these new homes are ideally located.
They are also within easy reach of central Manchester with good access to public transport links. Minerva Mill is ideally positioned to the Bolton Ring Road, M61 Motorway and Bolton train station.
Bolton Bus Interchange is within walking distance, it's close to Bolton Train Station and has easy links to M61, M6 and M60 Motorways The apartments are available via the government's Rent to Buy scheme.
This one-bed apartment is available for £680.00 per calendar month (which is 80% of the market rent).
The deposit for the one and two-bed apartments is five weeks rent and the monthly rent includes service charge.
Rent to buy Rent to buy is an affordable way of getting your foot on the property ladder. What is Rent to Buy?
The governments Rent to Buy scheme enables people who are struggling to save a deposit for a home to live in a new Rent to Buy home whilst they save for a deposit.
The rent to live in the Rent to Buy homes is 20% below the market rent to help people save for a deposit. Rent to Buy is sometimes also referred to as Rent to Save, Rent to Own or Intermediate Rent.
Who is eligible for Rent to Buy? The applicants must be working (with a household income below £80,000) with an intent to buy their own home.
It's available to first time buyers or those returning to the housing market following a relationship breakdown.
Applicants must not own a property and applicant households must not have in excess of £80k capital following the purchase. How much is the rent?
The monthly rent for the Rent to Buy homes is 80% of the average market for the area and includes the service charge. This is to allow tenants to save for a deposit to buy the property.
When can the Rent to Buy home be bought? The Rent to Buy home can be bought outright or for shared ownership after five years of living in the home.
After 5 years what happens with the Rent to Buy home if it can't be bought? Every residency will be reviewed on a case by case basis before the end of the five year term.
It's at the discretion of Irwell Valley Homes if residents can either remain in the property and pay market rent or if the property is needed to be allocated to another Rent to Buy applicant.
How do i apply for a rent to buy home?
Complete the Rent to Buy Application Form with the agent Find out more about Rent to Buy key features Spacious open plan kitchen-dining area Contemporary modern kitchen Air Source Heat Pump Water Heaters Lift access to all floors Secure door entry system Electric heating Highly insulated Mechanical Ventilation with Heat Recovery (mvhr) system The agent renting these homes on behalf of Irwell Valley homes is The Property Place.
For all enquiries please contact them on or email
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.
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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
FAQ
About 74, Queens Park Walk , Bolton
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