Published: 2nd September 2019
Due to complete in March 2020 and offering investors yields of approximately 7%, the new Stone Cross House development in Bolton is one of Greater Manchesters most exciting new buy to let investment opportunities.
Comprising of 61 high specification properties across four floors, the Stone Cross House development will offer a range of spacious studios, one and two bedroom apartments starting from as little as £85,000.
Designed to appeal to the growing number of young professionals seeking rental accomodation in Bolton town centre, the apartments will offer smart technology and stylish open plan living throughout.
Modern fitted kitchens, stylish work surfaces and high quality soft furnishings will come as standard.
With Bolton currently benefitting from a £1 billion regeneration scheme, and with the population set to increase by 20,000 over the next six years, it's easy to see why many property investors are looking at Bolton as an alternative to the higher property prices on offer in central Manchester.
With Bolton's lower property prices resulting in more competitive rental yields, Bolton's property market is now experiencing increased scrutiny from property investors seeking to capitalise on the growing demand for rental accommodation in Bolton town centre.
Key to the development of Bolton in recent years has been the growing student population, which is now in excess of 13,000 full time students. Understandably, this increase in the student population has outstripped supply of PBSA in the town, and effectively increased rents throughout the area.
The Stone Cross House development is located in the heart of the new Church Wharf neighbourhood, a £150m regeneration scheme in the heart of Bolton, along the banks of the River Croal.
The new Church Wharf scheme is set include a range of new homes, office space and leisure facilities, effectively rejuvenating this part of Bolton town centre.