Buy To Let Property Investment In Bolton
Key insights for property investors looking for high yielding investments.
Bolton is a town rich in history and culture and is fast becoming a hotspot for savvy property investors looking for profitable buy-to-let opportunities. With its strategic location, strong rental demand, and evolving property market, Bolton offers a unique mix of affordability and growth potential. But how can you truly maximise your returns in this thriving market?
In this guide, The Property Sourcing Company will let you in on the key strategies that almost definitely guarantee that you become a successful landlord. From choosing the right neighbourhood and understanding what your tenants need to explore your financing options and staying ahead of market trends, we’ll help you with everything.
Whether you’re an experienced investor or just starting your property journey, this buy-to-let Bolton guide will provide you with the insights to turn your investment into a thriving asset. Let’s explore how you can make Bolton’s property market work for you.
Why invest in Bolton?
Bolton has slowly become one of the UK’s most promising buy-to-let destinations because it offers a compelling mix of affordability, high rental returns, and strong growth potential.
The population in Bolton is expected to rise to 300,000 in the next 20 years, meaning the demand for more housing will become greater. Considering we’re living in a time when not many people can afford to buy their homes, they resort to other options, such as renting. That’s where you step in by purchasing a property and making money each month from your tenants.
Here’s a list of reasons why every investor should consider investing in Bolton:
Affordable property prices
Compared to larger cities like Manchester or Liverpool, Bolton has significantly lower property prices, allowing investors to enter the market with less capital. Lower prices translate to better value for money and higher returns in a shorter period of time.
Strong rental demand
With a growing population of students, young professionals, and families, Bolton’s rental market is thriving. Its proximity to Manchester makes it an attractive option for people looking for more affordable places to live while staying connected to major economic cities.
Infrastructure development
Bolton is set to undergo a £1.5 billion regeneration project, transforming the town with new housing, retail spaces, and improved transportation. These developments are enhancing the town’s appeal, driving up property values, and attracting more tenants.
Proximity to a major city
Bolton is located just 15.9 miles from Manchester and offers excellent transport connections, including direct train services and easy access to major motorways. This makes it ideal for tenants who work in the city but live in a much quieter and more affordable area like Bolton.
Business growth & employment opportunities
The town’s growing economy, driven by investment in business parks and commercial spaces, is creating new job opportunities. This means that all those new employees will need a place to live, and currently, there aren’t enough houses available for rent on the market.
Investing in Bolton is not just about buying a property. It’s about entering into a market that combines growth, stability, and opportunity. With the right plan, investors can enjoy both strong rental income and long-term capital gains in this rising star of a town in the North West.
Is Bolton good for Buy To Let's?
Before you make a decision about where you should invest your money, you should do thorough research. Luckily, we’ve done that for you and can tell you all the positive aspects of buying a property in Bolton.
Property prices in Bolton are significantly lower than in nearby Manchester, making it an accessible entry point for investors. The average house price is around £164,200, which is approximately £100,000 cheaper than the national average. Look at it this way: you could purchase almost two houses for the same price you would pay in London or one of the other major cities!
Bolton attracts a wide range of tenants, including students from the University of Bolton, young professionals, and families. Being close to Manchester makes it an appealing option for people who decide to travel to another city for work. Rental returns can reach as high as 5.4% in certain areas like BL3, providing consistent income for landlords.
With an economy valued at £66.4 billion annually, Bolton is the second-largest economy in Greater Manchester. Its ongoing development in sectors such as retail, tourism, education, and commercial property enhances its appeal to both investors and tenants.
How much do properties cost in Bolton?
Property prices in Bolton vary significantly depending on the area, offering opportunities for both investors who are on a tight budget and those seeking premium properties. Let’s start with the areas which have lower property prices.
- Farnworth: This area features more affordable homes, with average prices around £135,000. Houses here are often older and may need some modernisation, making them an attractive option for investors looking to renovate.
- Breightmet: With average prices under £150,000, Breightmet offers budget-friendly options. Many homes here are modestly sized, making them suitable for first-time landlords or those looking for a steady rental income without having to put in a lot of work into renovation.
These were two locations where you could possibly find a buy-to-let Bolton deal if you’re on a tight budget. Considering the prices of properties have skyrocketed in the last couple of years, these deals are a bargain! Let’s move on to the areas with higher property prices.
- Heaton: Known for its larger, more luxurious homes, Heaton’s average prices reach around £350,000 or more. The price difference between this area and the ones mentioned previously is significant, but there’s a reason for that. The area is characterised by well-maintained, detached homes, often with spacious gardens, catering to families seeking premium rentals, which means minimal or no additional investments besides purchasing the property will be needed!
- Lostock: A prestigious area, Lostock offers properties averaging above £400,000. These deals aren’t suitable for investors looking for affordable houses or trying to enter the rental market. Many homes here are modern, executive-style houses in pristine condition, ideal for high-end tenants. The prices might be higher, but that means the rents will be higher as well.
Overall, Bolton offers a wide range of buy-to-let deals, and whether you’re willing to spend more or less money, feel free to contact us with any questions, and we’ll do our utmost to help you find the best deal you can afford within your budget!
What's the rental demand like in Bolton?
Bolton’s rental demand is high, driven by a combination of several factors that make it appealing to investors. One key factor is the ongoing regeneration efforts, such as the £1 billion investment into the town’s redevelopment, which enhances its appeal as a place to live and work.
Bolton’s proximity to Manchester, strong transport links, and lower property prices compared to neighbouring areas also contribute to its popularity among renters, especially families and professionals commuting to Manchester.
After the pandemic in 2020, many people decided to move from a large, bustling city to a suburban area, which has increased demand for properties with more space, gardens, and home office capabilities.
In Bolton, this demand is particularly noticeable in suburban areas, where tenants are seeking a better quality of life and larger living spaces. Choosing the right neighbourhood to invest in won’t be difficult with a little assistance from our end. You could find a great deal and expect rental returns of 5% in areas like BL3 and BL2, but some areas offer returns above 5%.
What are the best BTL areas in Bolton?
As we’ve discussed, there are several areas where you could invest your money and expect high rental returns, but the question is how large your budget is. Depending on the amount of money you’re able to spend, you can choose between:
- Farnworth: This area is known for its affordability and is undergoing regeneration plans for new homes and commercial developments. You can expect high rental returns, often exceeding 5%.
- Breightmet: It offers affordable terraced houses and semi-detached homes that can yield up to 4.8% in rental returns.
- Heaton: One of the more luxurious areas with well-maintained houses, meaning they require no additional investments, but the prices are considerably higher. You can expect returns of around 4.1%, but your investment will need to be twice as high as in the previous areas.
- Lostock: This area probably has the most expensive and luxurious homes that will attract wealthy tenants. Rental returns are lower, but the demand is high!
Is Bolton a good place to invest in property?
Investing in property isn’t something you can do overnight, so ensure you conduct your research beforehand. For those interested in selling their home or buy-to-let property, we are here to assist.
Invest in Bolton
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WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
