As Manchester is a 20 minute journey away, Investors see this potential for commuters to reside in close proximity. This means there is demand not only within Bolton but also from those working in Manchester.
Currently undergoing a regeneration project, it is building on the strong cultural and industrial heritage that already exists among its 280,000 residents. Experts predict that this population will exceed 300,000 by 2025, while providing residents with modern amenities, fantastic lifestyle options and will be well connected for employers and those living there for commuting.
Bolton has seen an increase in average value over the last 12 months, increasing on average by £4.4k. The average property price in the area is £167k which is considerably lower than that of areas such as Manchester and Liverpool in the North West.
With lower average property costs and improvements of over 3% year on year on property values, generally speaking Bolton is a fantastic place to consider investment. At the rate it's going, these prices will increase considerably over the next few years (25% so far over 5 years). If you buy-to-let in Bolton, it is a sound investment strategy.
Bolton has a strong cultural presence in the heart of Lancashire, playing home to one of the oldest and largest Football clubs in the area, Bolton Wanderers FC.
The site of the Bolton Wanderers stadium is also home to Middlebrook, the largest leisure and retail complex in Europe (80 Hectares).
The Albert Halls have been undergoing significant regeneration and improvement over the last year, with a £6.5 million investment to transform it into a multi-purpose venue. The Octagon Theatre is also undergoing significant change with a £10 million investment to increase capacity and allow a wider array of visitors to the venue.
The historic Market Place in Bolton, a former Victorian market hall has recently had a £27 million investment to transform it into a retail and leisure destination within the town centre.