3-bedroom terraced house · BL8 2QU
Listing removedListed 1 dayAuction 10 Jul · ended
Opportunity summary
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About
TO BE SOLD VIA ONLINE AUCTION ON 11TH - 12TH NOVEMBER UNLESS SOLD PRIOR UNDER AUCTION TERMS 100 Wood Street, Bury, BL8 2QU An excellent opportunity for landlords and investors to acquire this traditional stone-built, two-bedroom terraced property, situated in a popular of Bury and offered for sale with a tenant in situ, providing an immediate rental income from completion.
The property is currently reported to generate £785 PCM (£9,420 per annum), offering an established income stream without the need to source a new tenant. Await copy of AST.
Of particular interest to investors is the potential for future rental growth, with comparable two-bedroom terraced properties in the surrounding area being marketed at higher rental levels in the region of £950pcm.
This offers scope to review the current rental income in the future, subject to the tenancy arrangements, property condition and applicable legislation.
The property is reported to comprise a living room, kitchen, two first-floor bedrooms, bathroom and a third bedroom within the attic conversion, together with a yard to the rear.
The property occupies a convenient residential position within Elton, close to local shops, schools, supermarkets and everyday amenities.
Bury town centre is also within easy reach, offering a wider range of shopping and leisure facilities together with Metrolink services connecting to Manchester.
With an existing tenant, immediate rental income and potential for future rental growth, this represents an attractive opportunity for investors looking to add to or expand their existing portfolio.
Here are some similar properties taken from Land Registry which have sold close by that highlight the potential: 92, Wood Street, Bury, BL8 2QU £220,000 Terraced 3 0.01 mi Sold - 10/07/2026 55, Newbold Street, Bury, BL8 2RR £197,500 Terraced 3 0.20 mi Sold - 22/07/2025 Tenant ready property rental values in the area are in the region of £950-£1000pcm PLEASE NOTE: The property has not yet been internally inspected by Edward Mellor.
Photographs have also been supplied by the vendor and are believed to have been taken prior to the commencement of the current tenancy.
The property was previously sold as a three-bedroom dwelling; however, building regulations approval for the attic conversion has not been verified.
Prospective purchasers should make their own enquiries.
Value & comps
No previous sales on record.
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Returns
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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 100, Wood Street, Bury, BL8 2QU, Bury
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