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See how verdicts work2-bedroom flat · BL8 2PB
For saleListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale via Pearson Ferrier Auctions starting Tuesday 8th September, bidding will be on the Pearson Ferrier website and you can register to bid now.
A ground floor 2 bedroom apartment with its own private entrance, located just off Bolton Road in Bury. The property comprises two bedrooms, bathroom, an open plan living/kitchen area and a hallway.
The property is located just off Bolton Road in Bury approx. 1 mile from Bury centre with a good selection of shops and Elton Reservoir close by. Guide Price £65,000 - £75,000.
Buyers are advised to check the legal pack before bidding, this will be available on the Pearson Ferrier website via the bidding window on the property when available.
Any changes to the details will be updated on the Pearson Ferrier website before the auction. Hallway Has a door leading to the car park, radiator and ceiling light point.
Open Plan Living Area (4.58 x 4.14 max (15'0" x 13'6" max)) Has a rear facing double glazed window, a side facing double glazed window, radiator, ceiling light point, spotlights, wall and base units with work surfaces and a single sink unit with drainer.
Master Bedroom (3.58 x 2.43 (11'8" x 7'11")) Has a front facing double glazed window, radiator and ceiling light point.
Bedroom Two (2.92 x 1.86 (9'6" x 6'1")) Has a front facing double glazed window, radiator and ceiling light point.
Bathroom Has a side facing double glazed window, radiator, ceiling light point and a three piece suite comprising bath, W.C. And sink. External There is a car park.
Additional Information Tenure - Leasehold 999 years from 1st January 2004 with £75 per year ground rent. Service Charge - Approx.
£127.41pcm - See legal pack when available for confirmation Council Tax - Band A EPC - C Solicitor - Chris Rudd Solicitors Auction Information The auction is a traditional auction with exchange on the winning bid and completion taking place within 20 working days from the auction (unless stated otherwise in the legal pack).
Buyer's Fees - There is a buyer's premium charge of £2,500 + VAT or 2% of the purchase price (whichever is greater) and a buyer's administration fee of £500 + VAT.
If there are any disbursements from the sellers side these will be detailed in the legal pack. Buyer's are advised to check the legal pack before bidding.
Every effort has been made to confirm the accuracy of the details including any defects with the vendor and their solicitor.
Pearson Ferrier will not be held responsible for any failure to disclose any such defects.
Any purchasers buying without viewing, or if not available carrying out a survey are doing so at their own risk and acknowledge that Pearson Ferrier will not be held responsible for any issues that may arise due to them being unintentionally missed from the advert.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About 20 Church Mews, Deardens Street, Bury
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