Bolton BTL

[Marcosa89]

Hi Guys,

I am looking to start my investment journey and currently in my research phase. One location I am particularly interested in is Bolton, due to its recently upgraded transport links to Manchester Piccadilly, and the £1Bn investment master plan. I am from the South, however, so do not know the area personally. I am planning on calling estate agents as part of my research but I am aware they may be a little biased, so was hoping for some candid answers from experienced investors.

I am looking for a balance of yield and capital growth, but with a greater weight on yield in order to build my portfolio. In your opinion, is Bolton a good shout? If so, do you have any tips/suggestions where to look/what to look for in the area? Feel free to suggest other areas too (although as a rookie, I will not be looking at multi-lets/HMO until I have gained some more experience).

Thanks in advance for your answers!

Marcus

 

[diyhelp]

While there is no doubt that Manchester is very much an up-and-coming area, I am not so sure about Bolton. If you are investing in the region, surely you must visit it first?

 

[Marcosa89]

While there is no doubt that Manchester is very much an up-and-coming area, I am not so sure about Bolton. If you are investing in the region, surely you must visit it first?

Hey,

It was mentioned by Rob & Rob in one of their podcasts so I starting digging and it looks reasonably promising, being only a 22 min train journey into Piccadilly and with massive investment happening.

And yes, once I nail down my targets over the next few months I’ll be visiting the areas. But I am trying to gain as much knowledge of these areas online first, so that I can make the most of my time when I do get up there.

 

[PostBrexitInvestor]

What kind of rental yield is available in Bolton? My initial thoughts would be high yield and low potential for capital growth but this may well be an outdated stereotype.

 

[FWL]

This might help:-

https://propertydata.co.uk/cities/bolton

The yield is a little lower than what I would have expected.