We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · BL0 9NB
Listing removedReduced £7k (−5.6%) on 21 JunListed 431 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** set in the heart of ramsbottom village ** allocated parking ** An immaculately presented and deceptively large ground floor apartment, set within an attractive stone building, formerly a Woollen Mill, situated just off Kay Brow only a short distance from Ramsbottom centre shops, bars and restaurants.
This apartment is the larger style in this development and is ideally suited to first time buyers or buy to let investors.
The property is offered with the usual benefits from double glazing and electric heating.
The accommodation briefly comprises; main entrance, inner hall, open plan living room, modern fitted kitchen, double bedroom with storage cupboard and a modern three piece shower room.
Outside there are private parking facilities and shared gardens. Viewing is highly recommended and is strictly by appointment only via our Ramsbottom office.
Tenure: Leasehold - Lease end date: 01/01/2993 Bury Council: Council tax band: A £1609.72 Approx.
Annual ground rent: £50 per year Annual service charge: £2270.40 (£189.20 a Month) Flood Risk: Low Broadband availability: Ultrafast: Download: 1800Mbps Upload: 220Mbps Mobile Coverage EE - Good outdoor and in-home, Vodafone - Good outdoor, variable in-home, Three - Good outdoor and in-home, O2 - Good outdoor, variable in-home Hallway Laminate flooring.
Open to: Open Plan Lounge 6.17m x 3.35m - A superb open plan living space, electric wall mounted heater, double glazed window and ceiling spot lights.
Open Plan Kitchen Modern kitchen with a range of base and wall units incorporating breakfast bar, stainless steel double oven, electric hob, inset sink unit, plumbing for automatic washing machine, tiled splash backs, laminate floor.
Main Bedroom 3.35m x 2.92m - Plus entrance recess. Inbuilt cylinder cupboard. Double glazed window.
Shower Room 2.62m max x 1.60m - Modern three piece white suite comprising large shower cubicle, vanity wash basin, low level w.c., tiled walls, laminate floor.
Gardens & Parking Ample parking and bin storage area. Communal gardens. Management Charges The annual Management Charge is £2270.40 (£189.20 a Month).
The monthly fee includes, buildings insurance, window cleaning, garden maintenance, exterior and communal area decoration.
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 2, Barwood Lea Mill, Grants Lane, Bury
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