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Vernon Street, Bury, BL9

North West

£110,000
Listed on 26/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
883 sqft

Description

This two-bedroom mid-terrace house presents a significant opportunity for those interested in a comprehensive renovation project. Situated in a residential neighborhood, it is well-suited for investors, developers, or cash buyers looking to enhance property value. Having remained largely unchanged for several years, the home requires extensive modernization throughout. The ground floor consists of two reception rooms paired with a rear kitchen extension, all of which necessitate complete refurbishment. Moving upstairs, both bedrooms and a bathroom area also demand total renovation. Outdoors, the property includes a modest front garden and an enclosed rear yard space. While this home is not ready for immediate occupancy, it holds remarkable potential for transformation into a lucrative rental or resale prospect for the right buyer.

Investment Analysis

(BL9 area)

Below Market Value

This property is priced -46.5% below area average per sq ft

-46.5%
Potential saving
This Property
£125/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £65,000
Target Value
£226,264
10% above area average per sq ft
Potential ROI
+29.3%
After renovation
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

Vernon Street, Bury, BL9
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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
£403
Based on a loan of £82,500 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