House for sale in Bolton – Good time to buy?

New homeowners and property investors looking at the housing market in Bolton won’t be disappointed. Whether you’re looking for a place to live or a buy-to-let property in the area, now is a good time to look.

Not only does Bolton offer a rich variety of opportunities from commercial developments to housing schemes, it also expects to see more than £1bn of town centre investment in the next 15 years. The proposals include the creation of thousands of job opportunities and new homes. An additional £412m is estimated to be generated by this economic activity. Therefore making it a key player in the Greater Manchester economy.

Bolton’s economic output is worth £4.6bn and forms an important part of Greater Manchester – the UK’s largest economy outside London. The town’s close proximity to Manchester city centre has resulted in a large demand for long term rental accommodation.

So what does this mean for people looking to buy or invest in the housing market in Bolton?

Increasing employment opportunities in Bolton will be accompanied with an influx of people who want to purchase property there. In addition, talk of the Metrolink coming to Bolton in the future has estate agents believing house prices could soar. Potential homeowners may therefore be better off buying sooner rather than later as demand to live there increases.

With all this investment coming to the area during the next year, property investors are expected to become even more interested in this thriving town. With easy access to Manchester and billions of pounds worth of regeneration projects, the city is further boosting the region as a top property investment hot-spot.

The average house price in Bolton currently sits at around £170,000, whereas a two bedroom terrace can be found at around £80,000. Investors or potential homeowners also have many options to buy higher end properties in the area. In common with most of Northern boroughs, Bolton is also one of the cheapest for investment property in Manchester. The town offers something for all budgets.

If you’ve seen a house for sale in Bolton that you like the look of as a place to live or investment opportunity, this year could be a great time to buy.

Here at Avery & Co we always look to make buying a new property as easy as possible. Having a survey done can save time, stress and money down the line. A house purchase is the greatest single investment many of us will make in our lifetime, so it’s important to get it right. The independent and impartial advice a RICS registered surveyor can provide before you commit to purchase can be invaluable. We have dedicated surveyors in and around Bolton who understand the area and the market.

If you would like to find out how we can help you, please contact us here or call us 0151 321 2000. We’re always happy to help.