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Bury Road, Bury

North West

£150,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
764 sqft

Description

This two-bedroom stone-fronted terraced home presents a unique opportunity for renovation, ideally located in the desirable area of Tottington. Close to the town center, the property benefits from convenient access to local amenities, including shops, transport links, and a petrol station, making it an excellent choice for both homeowners and investors. While the home requires updating, it offers significant potential for modernization. The layout includes an entrance vestibule leading into a spacious lounge that features a recessed electric fire and plenty of natural light from the front-facing double-glazed window. A fitted dining kitchen is located adjacent to the lounge, equipped with essential appliances and ample space for storage. The property includes a rear utility porch that provides additional practical space with plumbing for washing machines and dryers. Upstairs, you will find two bedrooms; the first is generously sized with room for freestanding wardrobes, while the second bedroom is compact yet functional. The wet room completes the upper level, featuring modern amenities that can easily be refreshed to suit personal taste. Externally, this home showcases an enclosed front garden framed by a wrought iron fence, providing both curb appeal and low-maintenance outdoor space. At the rear, there is a shared courtyard area with neighboring properties that adds to the sense of community. Given its location and price point, this property represents an excellent investment opportunity. Those looking to add value through renovation will find no onward chain delay advantageous as they can start their project without hassle. Viewing is highly recommended to explore the full potential this property has to offer as both a comfortable residence or an investment venture in a sought-after neighborhood.

Investment Analysis

(BL8 area)

Below Market Value

This property is priced -27.1% below area average per sq ft

-27.1%
Potential saving
This Property
£196/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£226,488
10% above area average per sq ft
Potential ROI
+25.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (BL8)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 5.0%
5 year growth: 27.2%
Investment Disclaimer: Analysis based on BL8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Bury Road, Bury
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE