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Tottington Road, Bury, BL8

North West

£175,000
Listed on 06/04/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
463 sqft

Description

This two-bedroom mid-terraced property offers a prime renovation and investment opportunity, situated conveniently between Bury and Greenmount village. While the home is in need of modernization across its spaces, it comes without an onward chain, making it particularly appealing for first-time buyers or those looking to create a customized living environment. The ground floor features a welcoming vestibule that leads into two spacious reception rooms. The kitchen is equipped with existing wall and base units, offering a solid foundation for any updates you might envision. Ascending to the upper level, you'll find two generously sized double bedrooms complemented by fitted wardrobes, providing ample storage solutions. A sizeable family bathroom completes this floor, featuring a five-piece suite that includes both a walk-in shower and a separate bath—a layout that highlights the room's potential for enhancement. Outdoor space is equally important; the enclosed courtyard showcases a decked patio area alongside a low-maintenance Astro turf section, with gated access to the rear. This setting not only supports outdoor living but also presents possibilities for landscaping or further development. Located in an area known for its community feel, this property lies close to reputable schools including Elton Primary and Elton High School, making it attractive to families seeking educational resources nearby. The neighborhood's strong demand enhances the investment potential of this property. Additional features include gas central heating and new double glazing throughout, which are valuable considerations for long-term efficiency after renovation. Given its location and the scope for improvement, interested parties are encouraged to schedule viewings to fully appreciate what this property has to offer. Appointments can be arranged through our Ramsbottom office.

Investment Analysis

(BL8 area)

Above Market Value

This property is priced +40.2% above area average per sq ft

+40.2%
This Property
£378/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£137,256
10% above area average per sq ft
Potential ROI
-34.6%
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

Tottington Road, Bury, BL8
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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
£641
Based on a loan of £131,250 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