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See how verdicts work2-bedroom flat · BL9 5QW
Listing removedListed 202 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A stunning two-bedroom ground floor duplex apartment set within an impressive Victorian mill conversion in the highly sought-after village of Summerseat.
Positioned within The Spinnings, this beautifully presented home enjoys well-maintained communal grounds and picturesque views over the River Irwell, offering a perfect blend of character and modern living.
Internally, the property is thoughtfully arranged over two levels.
The entrance hallway leads through to a spacious open-plan lounge and dining area, enhanced by striking floor-to-ceiling windows that flood the space with natural light.
The ground floor also comprises a well-appointed kitchen, two double bedrooms, including a principal bedroom with en-suite bathroom, and a contemporary shower room serves the other bedroom.
To the mezzanine level, two versatile reception areas overlook the main living space, providing ideal areas for a home office, snug, or additional lounge, along with a useful storage room.
Externally, residents benefit from beautifully maintained communal gardens. A separate garage is also included in the sale.
An exceptional home full of charm and character-early viewing is highly recommended to fully appreciate all that this unique apartment has to offer.
Ground Floor Communal Entrance Hall Security door/system Apartment Entrance Hall (9' 11'' x 7' 9'' (3.02m x 2.37m)) Access to the lounge/dining area, both bedrooms and the shower room Lounge / Dining Area (19' 9'' x 19' 6'' (6.01m x 5.95m)) Large room with floor to ceiling windows that allows for excellent natural light to flood the room and stairs leading to the mezzanine Kitchen (7' 11'' x 9' 10'' (2.41m x 3m)) Fitted with a range of units housing integrated appliances including a four ring gas hob, fridge/freezer and a slimline dishwasher Bedroom One (15' 10'' x 11' 3'' (4.83m x 3.42m)) Double room with fitted wardrobes and stairs to mezzanine En-Suite (6' 8'' x 9' 0'' (2.02m x 2.74m)) Three-piece suite comprising of a wash hand basin, wc and bath Bedroom Two (11' 10'' x 7' 9'' (3.61m x 2.37m)) Double room Shower Room (6' 8'' x 5' 9'' (2.02m x 1.75m)) Three-piece suite comprising of a wash hand basin, wc and enclosed shower First Floor Mezzanine (10' 7'' x 19' 6'' (3.23m x 5.95m)) Accessed from the lounge/dining area Store Room (10' 7'' x 7' 9'' (3.23m x 2.37m)) Spacious storage Mezzanine (10' 7'' x 11' 3'' (3.23m x 3.42m)) Accessed from bedroom one Heating The property benefits from having gas central heating and double glazing throughout External Outside, the highly sought-after development sits behind electronic gates.
The communal gardens are extremely well-maintained with a beautiful view overlooking the River Irwell.
A detached garage is also included in the sale Additional Information 161 years remain of an initial 199 year lease.
Service charge of £225 p/m Ground rent of £100 p/a There is a stipulation in the lease that all pets must be authorised to live there by the building management
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
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FAQ
About 8 The Spinnings, Waterside Road, Bury
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