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24 Silver Street, Bury, BL9 0DH - Image 1
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24 Silver Street, Bury, BL9 0DH

North West

£725,000
Listed on 22/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

The Old Royal Hotel stands as an iconic structure in the heart of Bury, situated on Silver Street and offering easy access to both motorway connections and tram services to Manchester. Encompassing approximately 15,200 square feet across four levels, this property has previously functioned as a nightclub, bar, and office space. The ground floor features about 6,500 square feet, with an additional 1,500 square feet in the basement and around 7,200 square feet on the upper floors. This property presents a unique redevelopment opportunity—whether you're looking to convert it into residential units, restore its hotel potential, or continue its use for commercial purposes contingent upon necessary permissions. Its central location near vibrant shops and amenities enhances its investment appeal, making it an enticing prospect for savvy investors.

Investment Analysis

(BL9 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (BL9)

Area prices are falling by +6.2% over the last 12 months
3 year growth: 7.2%
5 year growth: 28.4%
Investment Disclaimer: Analysis based on BL9 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

24 Silver Street, Bury, BL9 0DH
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,656
Based on a loan of £543,750 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