Located around 12 miles to the North West of Manchester city centre, Bolton misses out on the Metrolink but has an excellent local rail service to make up for it. Journey time to Manchester city centre is around 20 minutes. There are also plenty of local buses and extensive road links.
The efficient transport links mean that Bolton is popular with people who work in Manchester. There is, however, also demand from people who work in Bolton itself. Although Bolton’s manufacturing sector has long been in decline, the service sector has been growing. There is also a local university, hence demand from students.
Currently, properties in Bolton have an average sales price of £167,912. Terraced houses are the most affordable with an average sales price of £115,729. Semi-detached houses have an average sales price of £165,741 and detached houses have an average sales price of £300,463.
Average rental yields in the Greater Manchester area are around 5.5%. Rental yields in Bolton can be anything from 4% to 8%. Property investors should be aware that a significant percentage of Bolton’s housing stock needs some level of refurbishment.
This means that investors need to understand the true cost of upgrading the property before they make an offer. On the plus side, it also means that investors will pay Stamp Duty on the pre-upgrade price. They also have a chance to benefit from meaningful capital gains.
Bolton is probably best associated with sport particularly football, rugby and cricket. It also has convenient access to green spaces and countryside for walking/running and cycling. There’s a wide range of shops (both brand name and boutique), markets, cafes, pubs and restaurants, plus several theatres.
|1||£47,832 (3)||£80,750 (4)||£150,000 (4)||N/A|
|2||£103,320 (25)||£89,302 (168)||£146,310 (44)||£282,500 (8)|
|3||£174,950 (1)||£133,189 (65)||£176,950 (109)||£239,752 (29)|
|4||N/A||£175,250 (12)||£255,861 (28)||£354,237 (39)|
|5||N/A||£249,000 (4)||£343,333 (3)||£560,929 (10)|
|1||£500 (26)||£695 (2)||N/A||£403 (8)|
|2||£611 (40)||£562 (12)||£604 (5)||£651 (4)|
|3||£762 (4)||£588 (4)||£840 (5)||£744 (5)|
|4||£1,101 (1)||N/A||N/A||£1,461 (4)|
Property statistics provided by PropertyData.
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