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See how verdicts work2-bedroom flat · BL8 1JY
Listing removedListed 346 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stunning two double bedroom penthouse apartment located in a convenient position on Tottington Road and is within walking distance to Bury town centre with local shops, schools being on your doorstep and the Kirklees nature trail being close by.
The property is ideal for a first time buyer or buy to let investment and briefly comprises of: Entrance hall, open plan lounge/kitchen/diner, two double bedrooms and family bathroom.
The property benefits from allocated parking space and is offered to the market with no onward chain.
Tenure - Leasehold - 999 years from 1 January 2007 Ground Rent £150 per year Service Charge - £62.50 per month (paid Yearly £750) Council Tax Band - A EPC - D Entrance Hall - Ceiling light points, airing cupboard/storage, ceiling light points and electric heater.
Lounge Area - Double glazed window to the front, ceiling light point and electric heater.
Breakfast/Kitchen Area - Double glazed window to the side, selection of wall & base units with granite work surfaces and breakfast bar to complement, integrated electric oven & hob with stainless steel extractor hood over, plumbed for waning machine space for American style fridge/freezer, ceiling light point and electric heater.
Main Bedroom - Double glazed window to the front, television point, ceiling light point and electric heater.
Second Bedroom - Double glazed window to the front, ceiling light point and electric heater.
Bathroom - Three piece white suite comprising of; Low level w.c, wall mounted hand wash basin and panel bath with shower over, heated towel rail, ceiling light point and extractor fan.
Externally - There is allocated parking.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Riverbank Gardens, Tottington Road, Bury, BL8
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