The Stone Cross House Development

Stone Cross House is due to complete approximately March 2020.  Work has started on the build.  In total there will be 61 high specification apartments, 10 x studios, 40 x 1 Bed Apartments & 11 x 2 Bed Apartments. The apartments will benefit from Smart technology helping keeping costs to a minimum for both Landlords, Investors and Tenants alike.  The majority of the apartments will feature open-plan living spaces, some with a central island separating the kitchen area.  All the units benefit from practical storage space, integrated appliances, stylish work surfaces, a double shower or bath with shower will feature size-dependent, with high-quality chrome fixtures.  The bedrooms will have a luxury high pile grey carpet and all internal door fittings are high quality brushed chrome.  Security for tenants is paramount and all apartments will be accessed via fob access.  The developer has funding in place providing a secure investment for investors to consider. 

Invest in Bolton...

Firstly Bolton is Europe’s largest town in terms of population, and situated in Greater Manchester.  Only 15-20 minutes on a train and you are in central Manchester, so an ideal place to commute.  Currently, there is a £1 billion plan to change, regenerate and expand the town centre, this coupled with the numerous big name companies located in the area makes Bolton an ideal place to invest right now.  It is a town on the edge of a potential boom. In 15 years it is predicted that job numbers will increase by a further 15,000.  So it's location so close to Manchester is now benefiting from the growth found in its neighbouring city, with property prices currently still lower than in Manchester it is the perfect place to take advantage of the growing number of people living and working there.  

Short Term Lets

Due to the project's central location, and the industry and corporate entities around the town, Stone Cross House is your ideal investment for the short term corporate accommodation model.  Occupancy rates dependent, this can increase your annual NET returns considerably.  Currently, (Aug 2019) figures in the Bolton area would suggest that nightly rates would be approximate:

  1. Studio - £80 per night (sleeps up to 2, or 4 if there is space for a sofa bed)
  2. 1 bedroom - £105 per night (sleeps up to 4 with sofa bed)
  3. 2 bedroom - £125 per night (sleeps up to 6 with sofa bed)

For more information on this model please speak to your investment consultant.

*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase

**The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase.

Key Features

Central Location
Ideal for Short Term Accommodation
Smart Technology
5% Discount for Cash Purchases
High Spec Fittings
Boltons First 'City Living' Style Apartment Block
High Demand
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