Summary - 48 GLENBORO AVENUE BURY BL8 2PR
3 bed 1 bath Semi-Detached
Long-term rented three-bed with immediate income and refurbishment upside.
Freehold Edwardian semi with 3 bedrooms and c.958 sq ft
Produces £11,400 pa; approx 7.0% gross yield at asking price
Long-term tenant in situ; not seeking to vacate currently
Small front and rear gardens; scope for cosmetic refurbishment
On-street parking only; no private drive
Located in a deprived area — affects capital growth prospects
Buyer’s premium applies on sale — factor into purchase cost
Fast broadband and very low local crime
This Edwardian three-bedroom semi-detached house on Glenboro Avenue offers a straightforward investment with an established long-term tenant and immediate rental income. The property yields approximately 7.0% gross based on the current annual income of £11,400 and the asking price of £161,700, making it attractive for buy-to-let portfolios or developers seeking steady cashflow.
The home is a typical period terrace/semidetached style with red brick frontage and original window details, sitting on a small plot with front and rear garden space. Internally the layout provides lounge, kitchen, bathroom and three bedrooms across two storeys within c.958 sq ft — presenting practical rental accommodation or scope for value-adding refurbishment.
Notable practicalities: the property is freehold, in a major conurbation with fast broadband and very low local crime, and has street parking. The local area has higher deprivation and a mix of social-renting households, which can affect tenant profiles and long-term capital growth; some nearby schools vary in Ofsted rating. The current tenants have occupied the property for several years and do not intend to vacate soon, so vacant-possession strategies will require negotiation.
Material considerations for buyers: the property is offered as an investment and a buyer’s premium will apply on sale. There is potential to increase value through targeted refurbishment, but purchasers should factor in likely upgrade costs and the impact of local area conditions when assessing yield and exit plans.
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