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Watling Street, Affetside, Bury, BL8

North West

£220,000

Listed on 15/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
1052 sqft

Description

This mid-terraced cottage presents a unique opportunity for those looking to invest in a property with significant renovation potential. Nestled in a desirable countryside setting, the home boasts charming character details, making it suitable for first-time buyers eager to personalize their space or investors keen on a project that could yield good returns. Key features include double glazing, oil-fired central heating, and a recently installed roof, providing a solid base for refurbishment. The ground floor offers an inviting lounge with an exposed stone fireplace and wood burner, alongside a dining area that showcases rustic stone walls and beams. A new kitchen/breakfast room opens onto the rear garden, complemented by convenient access to a cloakroom WC. The first floor houses two double bedrooms equipped with built-in wardrobes, paired with a modern shower room suite. Outside, the property includes off-road parking and an enclosed rear yard bordering open fields. Benefiting from proximity to local amenities and excellent transport links to surrounding areas like Bury and Manchester City Centre, this cottage is ideally positioned for redevelopment into a comfortable home or profitable rental property.

Investment analysis

(BL8 area)

Below Market Value

This property is priced -23.8% below area average per sq ft

-23.8%
Potential saving
This Property
£209/sq ft
Area Average
£275/sq ft
Avg Rent (weekly)
£227
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£317,767
10% above area average per sq ft
Potential ROI
+22.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BL8)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +3.1%
5 year growth: +14.1%
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

Watling Street, Affetside, Bury, BL8
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 over 30 years at 4.45% 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.

Stamp duty calculator

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