A tenanted studio inside a converted church, close to Bolton train and bus station (per the listing).
Leasehold, 200 years from 2013 · tenant paying £515 a month · EPC B
Studio buy-to-let opportunity in Bolton town centre offers a projected 15.3% gross yield and £6,180 annual gross income from a tenant already in place. There is no value to add: the return is the rent.
Purchase at £40,500 and hold, with a letting agent managing.
Tenancy, lease and service-charge accounts not yet seen.
If a lender will lend on it — in our judgement many won't below £50,000 or on studios.
No lender has been asked. Three empty months would turn the year to −£983. Not the recommended route.
| If | Net a month | Net a year |
|---|---|---|
| As modelled | £186 | £2,233 |
| Rent 10% lower | £149 | £1,788 |
| Service charge up 50% | £130 | £1,556 |
| Three months empty (one-off, rent only) | — | £688 |
| Mortgage route: rent 10% lower | £10 | £117 |
| Mortgage route: service charge up 50% | −£10 | −£115 |
At £43,000 the sale would return −£6,675 on the cash put in (−13.4%), so this is an income purchase, not a capital one. To break even on a sale the price needs to be £35,850 or less.
HM Land Registry sales in the building: flat 24 £43,000 (Jul 2026), flat 30 £53,000 (Oct 2025), flat 3 £47,000 (Apr 2024); nearby on Crook Street, The Knave flat 4 (BL3 6DU) £42,500 (Mar 2026). Not adjusted for size or floor.
Investment status: further due diligence required
Photos from the first-floor listing (Cardwells), taken with the tenant in occupation. No floor plan was published.
Items marked Coming soon follow the viewing and the agent's papers. They'll appear here, on this same link.
See the tenancy agreement, deposit protection and rent history.
Read the lease, service-charge accounts and ground rent review terms.
View the flat and the building's shared areas.
Cash, or a broker's confirmation that a lender will lend.
An offer under £40,000 pays no stamp duty; at £40,500 it is £2,025.
Break-even on a sale is £35,850; above that you rely on the rent.
