Located eight miles to the North of Manchester city centre, Bury is, literally, the end of the line for the Metrolink. The journey into Manchester Piccadilly takes about 25 minutes. Bury also has an extensive local bus service - and a heritage railway. The former makes it easy to get to other key local destinations such as Rochdale and Bolton.
Although modern Bury is still very much a market town, it’s also very much a commuter town. It’s especially popular with families due to the combination of good schools (primary and secondary), reasonably-priced housing and effective transport.
Currently, properties in Bury have an average sales price of £182,237. Terraced properties are the most affordable with an average sales price of £136,864. Semi-detached properties have an average sales price of £188,417 and detached properties have an average sales price of £303,440.
Rental yields in Greater Manchester as a whole are around 5.5%. In Bury, they can be anything between 4% and 8%. As is generally the case, the more carefully you pick your investment properties, the more yield you are likely to achieve.
It’s worth noting that nearby Radcliffe, Rochdale and Bolton have all been earmarked for regeneration projects. This means that, in the near future, Bury’s appeal as a commuter town could extend to people who want the option to work in any of these places as well as Manchester and indeed Bury itself.
Say the word “Bury” and the words which are most likely to come to mind are “market” and “black pudding”. Both are very much still applicable. Bury also has general retail facilities, especially the Mill Gate shopping centre. Bury’s other major attractions are its sports grounds and green spaces plus easy access to the superb local countryside.
| Date | Capital Growth | Change |
|---|---|---|
| Nov 2020 | £157,910 | 3.4% |
| Nov 2019 | £152,644 | 1.5% |
| Nov 2018 | £150,408 | 6.7% |
| Nov 2017 | £140,919 | 2.4% |
| Nov 2016 | £137,631 | 4.5% |
| Nov 2015 | £131,655 |
| Bedrooms | Rental Yields |
|---|---|
| 0 | N/A |
| 1 | N/A |
| 2 | 6.0% |
| 3 | N/A |
| 4 | N/A |
| 5 | N/A |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £76,122 (9) | £79,000 (2) | £197,000 (1) | N/A |
| 2 | £115,000 (10) | £110,932 (135) | £141,806 (36) | £219,429 (7) |
| 3 | £142,500 (1) | £144,583 (78) | £185,136 (104) | £254,163 (26) |
| 4 | N/A | £189,826 (17) | £255,667 (18) | £367,857 (21) |
| 5 | N/A | N/A | £306,667 (3) | £385,925 (4) |
| Bedrooms | Flats | Terraced | Semi-Detached | Detched |
|---|---|---|---|---|
| 1 | £598 (32) | N/A | £351 (1) | £477 (2) |
| 2 | £686 (15) | £620 (12) | £693 (1) | £679 (3) |
| 3 | N/A | £682 (3) | £802 (3) | £912 (7) |
| 4 | N/A | N/A | £947 (2) | £1,200 (1) |
| 5 | N/A | N/A | N/A | N/A |
Property statistics provided by PropertyData.
If you would like further details about Portfolio8 or any of our property investment opportunities, please contact us using the form below or call us directly.
Any Questions?
Call: +44 (0) 161 327 1858
