Buy To Let's in the North West
Bury Buy To Let Investments
Investment potential & market insights
Demand for rental properties continues to rise, and Bury, a vibrant town with a rich history and modern attractions, has become a compelling destination for those looking to invest! Located in Greater Manchester, it offers a mix of affordability, strong rental returns, and a growing economy, making it an ideal choice for buy-to-let opportunities!
If you’re looking to purchase a property for the first time or are seeking a new place to increase your income, this guide will provide you with tips to make the right choice. There’s something available for both those on a tighter budget and those looking to invest a substantial amount, so let’s explore what this town has to offer.
Why invest in Bury?
Bury presents a perfect opportunity for property investment due to a combination of factors. The town benefits from strong transport connectivity, including access to Manchester via the Metrolink and improvements in road infrastructure, which make it an attractive option for those commuting to the city rather than living there.
The region is currently experiencing significant regeneration, with major projects like the Bury Town Centre Masterplan and developments in the local housing sector driving long-term growth. Additionally, affordable housing prices compared to nearby areas like Manchester make Bury an appealing choice for both renters and investors.
Bury also benefits from a growing economy, strategic investments in local infrastructure, business opportunities, and sustainable transport. These factors contribute to a successful rental market, supported by rising demand for homes as more people choose Bury as a place to live, work, and invest.
If you’re looking for a neighbourhood to invest in where rental returns are the highest, ensure you conduct thorough research. For those who wish to sell their buy-to-let or other UK homes, we are here to assist you. Please contact us for further information.
Is Bury good for Buy To Lets?
People are increasingly buying properties in Bury for several reasons, making it a promising market for investors and homeowners. Here are the main factors driving property purchases in the area:
Affordable housing compared to Manchester
Bury offers a more affordable alternative to Manchester, making it attractive for buyers seeking lower-cost properties. While providing access to Manchester’s job market and amenities, homes in Bury are typically much more affordable. This affordability makes it a sought-after location for first-time buyers and investors looking for rental opportunities with high returns.
Strong rental demand
The demand for rental homes in Bury is high, thanks to its proximity to Manchester. Many renters are looking for more affordable housing options that still offer easy access to the city. This high demand, particularly from commuters, students, and young professionals, drives the buy-to-let market in Bury. Overall, investors can benefit from a steady rental income with competitive yields.
Excellent transport links
This town benefits from excellent transport connections, including the Metrolink tram service, which provides quick and easy access to Manchester. Additionally, the M66 and M60 motorways make the city easily accessible by car. These transport links are essential for attracting buyers who want the convenience of living outside Manchester but still need to commute regularly.
High quality of life
One of the most important factors for renters is having a high quality of life without spending a fortune on rent. Bury offers a high quality of life, with a range of amenities such as green spaces, good schools, and local shops.
The town is known for its thriving market, historic sites, and cultural offerings, making it an attractive place to live. This enhanced living experience appeals to both homebuyers and renters, contributing to the town’s steady population growth.
How much do properties cost in Bury?
We’ve suggested that Bury is an affordable place to invest your money, which is true compared to some major cities, but it’s not exactly cheap. You’ll still need to put up a considerable sum to acquire a property in one of the neighbourhoods.
As of November 2024, property prices in Bury vary based on the type and location of the property. The average asking price is around £285,907, with variations based on the number of bedrooms. For example, one-bedroom homes average around £305,600, while larger properties, such as five-bedroom houses, can reach around £660,964.
More affordable options are also available, with the average sale price reported at £211,977. This price represents a 2.9% increase over the past year. Prices for cash buyers tend to be lower, averaging around £230,000.
Rental properties are also seeing growth, with the average rent in Bury being £1,104 per month. This range demonstrates both the potential for investment in buy-to-let properties and the relatively affordable entry point for potential investors compared to nearby areas like Manchester.
What's the rental demand like in Bury?
Rental demand in Bury is strong, driven by several factors, including its affordability compared to nearby Manchester, its excellent transport links, and its growing popularity among commuters. Here are some of the key factors why people are becoming increasingly interested in renting homes in Bury:
Bury’s proximity to Manchester, along with its efficient transport links such as the Metrolink tram service, makes it an attractive location for individuals who work in Manchester but seek more affordable housing.
Rental prices in Bury have risen by 6.1% in the last 12 months, with the average rent now standing at £1,104 per month. This increase signifies a growing demand for rental properties.
Ongoing regeneration projects, such as the Bury Town Centre Masterplan, contribute to a growing local population and economic activity, which in turn increases rental demand. As Bury becomes an increasingly vibrant and desirable place to live, more people are opting to rent in the area.
What are the best BTL areas in Bury?
As part of the Greater Manchester area, Bury has a growing appeal to buy-to-let investors thanks to its combination of several factors, including rental demand, property price growth, and affordability compared to other parts of the region, especially major nearby cities.
Even though everyone has a different investment budget, we will take a look at the top areas for your buy-to-let deals in Bury and let you decide which one seems the most appealing.
Bury town centre
The average property price in Bury Town Centre is around £285,907, though prices for two-bedroom apartments can be around £120,000 to £160,000, depending on the property.
- Excellent transport links, including Metrolink services to Manchester, attracting professionals and commuters
- A mix of modern developments and older properties that appeal to a wide range of tenants, from young professionals to families
- Important local amenities, including shopping, dining, and entertainment options, contributing to the high demand for rentals
- As an urban area, property prices and rental returns can vary with market conditions
- Some areas in the centre may face competition from nearby areas that offer more affordable housing
Tottington
Homes in Tottington generally have lower prices compared to the city centre, with average prices for terraced homes ranging from £140,000 to £180,000. Of course, the prices can be lower if you are willing to settle for a smaller property or higher if you’re looking for a more luxurious home.
- A family-friendly area with a good reputation for local schools and community spirit, making it attractive for long-term tenants
- Affordable entry point for property investors, with steady demand for rental properties due to its proximity to Manchester
- High rental yields due to lower property prices and solid local demand.
- Tottington is a relatively peaceful area, so it might not attract the same rental demand from younger professionals who prefer more urban environments.
Ramsbottom
Prices of properties in Ramsbottom are slightly higher than in Tottington, with prices ranging from £180,000 to £250,000 for typical three-bedroom homes.
- Close to the countryside but still within reach of Manchester.
- Strong community feel, with numerous local events and activities that contribute to the town’s appeal.
- Ramsbottom is part of ongoing regeneration projects that enhance its attractiveness and long-term growth potential.
- Higher property prices than in other areas of Bury.
- Limited public transport options compared to more urban areas.
Is Bury a good place to invest in property?
Bury is an attractive place for property investment due to its affordability, so if you’re looking for a new place to invest your money, this is a great place to get started.
Whether you are looking for a Buy To Let property, student accommodation, commercial property investments, property to renovate or social housing investments, Bury has it all – and we can source whatever type of property you are looking for.
Invest in Bury
Discounted property with high yields
Transparent & honest throughout the process
We’re property experts with years of experience
Investment opportunities tailored to your requirements
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
WHY INVEST WITH US?
Simply put, we’ll get you the best possible deal. Our sister company, The Property Buying Company, have been in the property buying industry for years & we have access to all their stock which is at a price point that is ready for investors to buy and make a great return on.
No middlemen, no stress & no hassle. We make investing in property and growing your portfolio as easy as it possibly can be.
