Mistoria Residential Ltd says ..
Investment opportunity. 4 bed HMO conveniently positioned in Bolton sold with social housing tenancy in- situ. Offering a gross annual income of £21,744 with a gross potential yield of 13% this property is also available as part of a portfolio of 3. Further details upon request.
Property Oracle says ..
This four-bedroom property on Thorne Street, Farnworth, Bolton, is presented as an investment opportunity, suitable for use as a House of Multiple Occupancy (HMO). The listing highlights a potential gross annual income of £21,744, yielding 13%. While the provided images reveal a functional, if somewhat dated, kitchen and exterior, no details are given regarding the interior condition of the other rooms or the property’s overall square footage. The proximity to several well-regarded schools (within a kilometer’s radius) and several train stations (within a 3-kilometer radius) are positive aspects. However, the lack of garden or other outdoor space is a notable drawback. The pricing, considering comparable nearby properties and its potential rental income, is fair but not exceptionally outstanding. Potential buyers or investors should conduct a thorough property survey to fully assess the condition, necessary maintenance, and overall long-term financial viability of this investment opportunity.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 5
- Location
- 6
- Land
- 1
- Bedrooms
- 4
- Bathrooms
- 1
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 550,000.00 £Increased by 32.27 %
- Average area rental value
- 1,864.00 £/moIncreased by 17.16 %
- Est rental Yield
- 4.07 %Decreased by 11.33 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Mistoria Residential Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| All Saints Cofe Primary School | Voluntary Aided School | Good | 0.67 KM |
| Queensbridge Primary School | Community School | Good | 0.87 KM |
| St Michael'S Cofe Primary School, Great Lever | Voluntary Aided School | Good | 1.03 KM |
| The Ferns Primary Academy | Academy Sponsor Led | Good | 1.04 KM |
| Harper Green School | Academy Converter | Requires improvement | 1.18 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Egerton Street | £ 0 | 0 | 0.00 KM |
| Back Thorne Street | £ 0 | 0 | 0.00 KM |
| Back Gower Street | £ 0 | 0 | 0.00 KM |
| Gladstone Road | £ 0 | 0 | 0.00 KM |
| Rose Avenue | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Moses Gate | 2606 | MSS | 0.23 KM |
| Farnworth | 2811 | FNW | 1.68 KM |
| Kearsley (Manchester) | 2605 | KSL | 3.22 KM |
| Bolton | 2599 | BON | 3.40 KM |
| Walkden | 2612 | WKD | 3.90 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Thorne Street | £ 165,000 | BUY | Unknown | 0.00 KM |
| Thorne Street, Farnworth, Bolton | £ 115,000 | BUY | 7 / 10 | 0.00 KM |
| Thorne Street, Farnworth, Bolton, BL4 | £ 120,000 | BUY | Unknown | 0.04 KM |
| 33 Phethean Street, Farnworth, Bolton, Greater Manchester BL4 7LJ | £ 73,000 | BUY | 5 / 10 | 0.08 KM |
| Cawdor Walk, Farnworth, Bolton, Lancashire, BL4 | £ 130,000 | BUY | Unknown | 0.13 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 13 Thorne Street | £ 85,000 | 0.02 KM |
| 19 Thorne Street | £ 82,000 | 0.02 KM |
| 11 Thorne Street | £ 62,000 | 0.02 KM |
| 34 Thorne Street | £ 79,000 | 0.02 KM |
| 29 Thorne Street | £ 65,000 | 0.02 KM |