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5 bedroom terraced house for sale
Plodder Lane, Bolton, Greater Manchester, BL4
£260,000
Plodder Lane, Bolton, Greater Manchester, BL4
£260,000
Our Summary
- This ensures the conversion was done correctly and by local regulations, providing peace of mind for any potential investors
Description
This well-maintained, 5-bedroom HMO property at 455 Plodder Lane, Bolton, is a lucrative investment opportunity, generating a monthly rental income of £2,885 and an annual income of £34,620. The property has already been converted and has all necessary licenses in place, providing peace of mind for investors. The property features five spacious, ensuite bedrooms, a communal kitchen, and a large yard. It is currently fully tenanted, ensuring immediate returns for the next owner, with a management agent in place to oversee day-to-day management. The financial breakdown shows a net annual income of £25,552.22, with a gross yield of 13.3% and a net yield of 9.8%, making it an attractive option for property investors seeking a reliable income stream.