1-bedroom flat · BL9 9HU
Listing removedReduced £45 (−5.7%) on 8 JulListed 149 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Kristian Allan are delighted to offer for rent a newly refurbished, one bedroom, ground floor flat situated in the heart of Bury on the ever-popular Gigg Lane.
The property is located close to local amenities and is just a short drive to Bury town centre with great transport links to Manchester city centre and beyond.
The property comprises a spacious living room with neutral decoration, wood effect flooring and two large windows allowing for an abundance of light.
To the rear is a newly installed kitchen with fitted wall and base units, integrated fridge, freezer, oven and hob, access to the cellar (which can be used for additional storage) and the enclosed rear yard.
There is also a double bedroom and three piece bathroom featuring bath with shower over, sink and WC. A UK homeowner guarantor is required.
Kristian Allan will not be managing the tenancy – we have been instructed to advertise and assist the landlord in finding a tenant only.
Important Information: Total Deposit Amount £980 Initial Reservation Fee (Holding Deposit Amount) £196 (carried over into the total deposit amount if referencing is successful) Council Tax Band A EPC Rating D Requirements: A minimum household income of £29,750 for a single application and £42,500 for a joint application will be required.
The landlord is also requesting a homeowner guarantor. Please only apply to view this property if you meet these criteria.
Holding Deposit: Once a landlord approves your application and asks us to start your referencing, a refundable Reservation Fee (holding deposit) of £196 which is equivalent to 1 week’s rent is payable to reserve the property.
Please Note: This money will be withheld if any relevant person (including any guarantor(s) withdraw from the tenancy, you fail a Right-to-Rent check, provide materially significant false or misleading information, do not disclose any adverse credit including missed payments or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing).
For more information on Holding Deposits, please contact us on .
Tenancy/Security Deposit: A Tenancy/Security Deposit will be required (capped at five weeks rent for rent not exceeding £50,000 per annum or six week’s rent if greater).
For this property the Security Deposit is £980 and is payable once referencing is successful.
This covers damages or defaults on the part of the tenant during the tenancy and applies to Assured Shorthold Tenancies (AST).
The deposit will be held in our account with the government approved Deposit Protection Scheme. Cost Information: There are no upfront fees to pay on this property.
Virtual Viewings: If you have seen our virtual video and are interested in booking a viewing in person, please contact our office on .
Unfortunately, we cannot accept applications unless the property has been viewed in person.
Applications: We will need a completed and signed application form for each adult who would be residing at the property.
The landlord will make a decision on which applicant they wish to proceed with and their decision will be final.
Kristian Allan are part of Client Money Protect who provide them with cmp insurance and we are also part of The Property Redress Scheme.
Disclaimer: We endeavour to make our particulars an accurate and reliable reflection of the property.
They do not however constitute or form part of an offer or any contract and are not to be relied upon as statements of representation or fact.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
.png)
FAQ
About 63,Ground Floor Flat, Gigg Lane, Bury
Explore nearby