Historical property prices, rents, yields & much for Bolton‘s residential property market
Bolton was once a popular northern mill town. But has transitioned into a vibrant commercial centre with a wide variety of industries. Bolton feeds off its neighbouring Manchester which is a UK economic powerhouse.
Bolton has a rapidly expanding population currently 288,000 and is expected to hit 300,000 by 2043. Home to Bolton university which was established in 2005, provides a strong student rental opportunity with the university set to continue to grow over the next decade.
For investors looking for a low entry-level property, Bolton offers the perfect opportunity and has all the attributes of a strong long-let rental market. Below is collection of our property investment data for Bolton
|Postcode district||Avg asking price||Avg rental yield||Avg sold £/sqft||Monthly Rental Turnover (%)||Edit|
|BL0||£348,287.0||4.52 %||£239||69.23 %||View|
|BL1||£295,491.0||6.02 %||£171||95.45 %||View|
|BL2||£251,624.0||5.13 %||£190||95.74 %||View|
|BL3||£207,638.0||6.45 %||£160||150 %||View|
|BL4||£191,475.0||6.46 %||£157||132.14 %||View|
|BL5||£293,112.0||5.27 %||£209||58.82 %||View|
|BL6||£296,233.0||4.89 %||£210||86.79 %||View|
|BL7||£370,435.0||4.21 %||£239||137.5 %||View|
|BL8||£339,607.0||5.05 %||£233||100 %||View|
|BL9||£260,983.0||4.89 %||£191||105.77 %||View|
|Year||Avg sold price||+/-|
Bolton‘s rental demand is mainly derived from local residents and those who have come to work in the area. As mentioned previously Bolton also has a growing student market as well.
Note that students have a strong preference for being within walking distance of the Deane Road campus. We would suggest you use the Property Market Intel walking estimator to analyse this for any potential investment.
Our data suggests that the average rent in Bolton is around £856 per month. This ranges from £512 PCM for a standard one-bed property all the way £1,227 for a four-bed property. We can also see that investors are on average getting a 4%-6% yield across the city.
Bolton offers good value for investors and it is a popular choice for new investors. The average house price in Bolton is around £150,000 which is roughly £100,000 cheaper than the UK average (£264,000) reported by HM Land Registry.
Bolton is also going through a period of raid property growth with some postcodes seeing growth rates of 30% over the last 5 years. BL4 for example has seen an average increase of over 37% in the last 5 years.
We believe this trend is set to continue with Bolton being named as one of the property hotspots in Greater Machester. You can check this article out here.
Bolton has a smaller population than a lot of cities in the UK but as mentioned this is growing.
One of the key benefits of Bolton is being in such proximity to Manchester which offers a wide range of entertainment and culture. There are trains to Manchester every 15 minutes, taking only 20 minutes to get to the centre. However, there are several large investment projects within Bolton such as:
£50m plans to regenerate Farnworth town centre. This will bring a mini-cinema, restaurants, a gym and a community hub.
There are also wider plans to bring new town centre homes and redevelop the Crompton Place Shopping Center.