Regency Estates says ..

Property Oracle says ..

This property at ¹¹⁰⁄₁₁₂ Chorley New Road, Heaton, Bolton is presented as a substantial development opportunity rather than a residential property ready for immediate occupation. The large, detached building, currently in a state of significant disrepair, possesses planning permission for conversion into fourteen apartments. The listing emphasizes its potential for builders and developers, suggesting a high return despite the considerable upfront investment required. The photos clearly depict the extensive work needed for complete renovation. This includes structural repairs, interior demolition, replacement of fixtures, and overall modernization. While the location is desirable with nearby top-rated schools and transportation options, the immediate street view is not visually appealing. The limited land around the property is currently in an unkempt state. The asking price is reflective of the development potential but also considers the risk and costs associated with the extensive renovation. Buyers should have significant experience in property development and possess a sound understanding of renovation costs in the Bolton area to make a fully informed decision. The absence of square footage data for the property itself hinders a precise evaluation of the price per square foot and ultimately the potential return on investment. Potential buyers should commission their own surveys and cost estimations to validate the viability of this development project.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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