stamp duty: £202,500
mortgage fees: £1,500
conveyancing fees: £82,000
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
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Bolton is a town in Greater Manchester in North West England. Close to the West Pennine Moors, Bolton is 10 miles (16 km) northwest of Manchester. It is surrounded by several smaller towns and villages that together form the Metropolitan Borough of Bolton, of which Bolton is the administrative centre.
The investment potential of Bolton is greatly helped out by its proximity to the city of Manchester (only 20 minutes away), which means there is a constant demand of young people and professionals who see Bolton as a commutable location.
Bolton is building on its rich industrial and cultural heritage to meet the needs of a growing population – currently 280,000 and projected to exceed 300,000 by 2025 – and provide a modern, well-connected base for a diverse range of employers and residents.
Bolton use to rely on heavy industry but over the course of the late 20th century has been replaced by service-based activities such as data processing, call centres, hi-tech electronics and software companies. The Bolton Masterplan focuses on injecting investment into a number of sectors: retail, leisure, employment, education, residential and transport. Worth an enormous £1.2 billion, the Masterplan will rebuild the town centre, being 2000 new homes owing to the demands of the rental market and boost the economy further.
Bolton’s economic output is worth £4.6bn in its own right, and it forms an important part of Greater Manchester – the UK’s largest economy outside London. It’s home to Logistics North and is a distribution hub for major companies including MBDA, Aldi, Lidl, Amazon and Whistl.
The town is a major shopping destination for North West England, the Market Place which has recently undergone a £27m transformation. Less than six miles from Bolton, is Middlebrook, the largest leisure and retail complex in Europe and also serving as the location of Bolton Wanderers FC.
The University of Bolton is one of the fastest growing higher education institutions in the UK has also been a major player in the regeneration of the town centre, including a £31m research centre, a new business and law school. There are additional projects planned, including a £40m hall of residence to accommodate the growing student population, which is 13,000. The University of Bolton is expected to double its numbers over the next 15 years which undoubtedly creates even more demand for homes.
Bolton’s cultural assets are playing a key role in the town’s renaissance and hosts an extensive range of cultural events throughout the year, including Bolton Food and Drink Festival (attracting 250,000 people) and the Ironman UK race for nine years, which has now become the 4th largest in Europe.
Bolton’s infrastructure serves the population well with an extensive local road network and national routes. The A6, A666 dual carriageway, M61/M60 motorways serve the borough well and ensure connectivity to the area.
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