Stone Cross House, Bolton, from £85,000
With a transformative £1 billion Town Centre masterplan underway, Bolton is changing. Like its neighbors, Preston & Manchester, Bolton is looking to revolutionize the way people live in the Town by making the Centre a thriving area in which to eat, drink, shop and live.
Situated in the centre of Bolton and within the Church Wharf regeneration area, Stone Cross House will be Bolton’s first high specification, “City Living” style apartment block. Completed to a modern, sleek specification with integrated smart technology, Stone Cross House will provide much sought after high-end accommodation in an ideal location.
Location
The rental market is forecast to grow by over one million households over the next five years. Low-interest rates combined with steady economic recovery are leading to a strong expansion of the rental market, and with house price inflation now surpassing wage growth, the first step onto the property ladder is getting harder for young adults.
Bolton is also benefiting from a growing population and a rise in employment levels; in the past five years, over 3,000 new jobs have been created; by 2034, the local economic development plan projects that job numbers will rise by a further 15,500. The figures for capital growth in Bolton also make for promising reading. Average asking prices in Bolton rose by 9.6% over the course of the previous 12 months (figures released in July 2018 by the UK Government), following growth of around 10% in the year before.
The recent announcement the £250 million “Crompton Place Deal” has secured the complete renovation of the Town Centre Crompton Place shopping centre, overall of the streetscape with pedestrianised areas and squares being created along with office and leisure space. Importantly, Stone Cross House in the middle of this area, making it a very attractive prospect for the future.
Also announced is the £150 million vision for “Church Wharf,” a mixed-use leisure and housing development with the hotel along the River Croal, further bolstering the appeal of Bolton as a future property investment hotspot.
Property Highlights
- Average 7.04% Yield with cash purchase.
- Average 6.43% Yield with mortgage purchase.
- High-quality conversion project
- Completion estimated for March 2020
- 61 one, two, three-bedroom apartments
- One bed from £85,000
- Two beds from £124,950
- Fully mortgageable
- Cash discount available
