12% Below Market Value, and Off Market Deal with Great ROI

£440,000 Fixed Price
  • Type: Detached House
  • Availability: For Sale
  • Bedrooms: 7
  • Bathrooms: 4
  • Reception Rooms: 2
  • Parking: On Road Parking
  • Tenure: Freehold
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Property Features

  • Free Parking available
  • 2 kitchens
  • 2 Reception

Property Summary

This former hotel in Bolton, located near Manchester, presents a compelling off-market opportunity with a 12% below market value potential. It currently features seven bedrooms and has architectural plans to convert it into a 12-bedroom ensuite property. The building includes two kitchens, making it suitable for the planned use. Conveniently, it is just a six-minute drive from Bolton Trinity Station, Royal Bolton Hospital, and the Market Place Shopping Centre, as well as eight minutes from the University of Bolton. Free parking is available, adding to its appeal in this vibrant area.

Estimate Renovation cost £100,000

Estimated Fair Market Value (FMV) after renovation: £900,000

Estimated Annual Rent: £84,600

Sourcing fee: £5,000