1-bedroom flat · BL9 8DP
Sold STCListed 211 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 24th March, bidding will be on the Pearson Ferrier website and you can register to bid now.
A superb buy to let opportunity located on the Bury and Whitefield border having good bus links, being within walking distance of tram links and a short drive from the M60.
Similar properties rent at £825pcm (£9,900pa). The property is a refurbished first floor apartment in a sought after area making it ideal for a buy to let investor, or someone looking to live in.
The apartment comprises a bedroom, lounge, kitchen, shower room and hallway. It also has a garage with roller shutter door, ideal for parking or storage. There are communal gardens and parking.
Please note that there is currently no management company in place for the apartments and suitability for lending must be checked before bidding. For viewings, please contact Pearson Ferrier on .
Auction Guide Price £75,000 - £85,000.
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 spotlights, an intercom and storage cupboard.
Lounge - 5.23 x 3.07 (17'1" x 10'0") - Has a double glazed window, electric heater and spotlights.
Kitchen - 3.41 x 2 (11'2" x 6'6") - Has a double glazed window, spotlights, wall and base units with work surfaces, a breakfast bar, integrated oven, hob and extractor.
Bedroom - 3.42 x 3.36 (11'2" x 11'0") - Has a double glazed window, electric heater, spotlights and a range of fitted wardrobes and drawers.
Shower Room - Has a double glazed window, electric heater, spotlights and a three piece suite comprising shower cubicle, W.C. and sink. Outside - There are communal gardens and parking.
Garage - There is a garage with a roller shutter door.
Additional Information - Tenure - Leasehold Lease Start Date 18/11/1963 Lease End Date 25/12/2961 Lease Term 999 years from 25 December 1962 Lease Term Remaining 936 years Ground Rent Payable - £4.00 per annum Service Charge - £0.00 as no management company currently in place Council Tax band A payable to Bury MBC.
Council Tax rates amount for 2025/26 = £1609.72 EPC Rating: C Solicitor - Butcher & Barlow 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.
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
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FAQ
About 22 Lavenham Close, Bury, BL9 8DP
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