Lot 10 - 11 Parsons Lane, Bury, Lancashire, BL9 0LY

  • Unconditional Online Auction Sale
  • Guide Price* : £370,000+
  • Bedrooms: 8
  • Bathrooms: 8
  • Reception Rooms: 1

Addendum

Please note the following amendment to the published auction details for this property:

Rental income updated - 
Rental increases on rooms 4 and 5.
The total gross rental income is now £61,620 per annum, reflecting the current tenancies in place.

A fully tenanted eight bedroom all ensuite HMO let to working professionals producing £61,620 per annum

Description

• Freehold end-terrace house
• 8 ensuite bedroom tenanted HMO
• Communal open plan kitchen and cinema room on the lower ground floor
• Fully renovated to a high standard throughout
• Impressive gross yield of 16.6% on guide
• Fully managed HMO in a prime location
• Current rental income of £5,135 per month

Location

Situated on the well-connected Parsons Lane in Bury, the property benefits from convenient access via the A56 and A58. Providing direct routes to Bury town centre, Fairfield General Hospital, and the University of Bolton. Set within a well-established residential area, it is close to a variety of local amenities including shops, schools, and parks.

Transport links are provided by both Bury Interchange (Metrolink) and Bolton Rail Station.

Planning

Planning granted through Bury Council, Ref: 64559 | (12-08-2019)

Planning granted for change of use to 2 no. 8 bed/person houses of multiple occupation (HMO) (Sui Generis) with new window openings

Auctioneer Notes

Internal Images
Buyers should note that the internal images have been provided by the seller. These pictures were taken prior to the property being tenanted. The auctioneers have not had the opportunity to inspect the property prior to marketing the property for auction.

HMO Compliance

- HMO Licence
- Gas Safety Certificate
- Fire Alarm Test Certificate
- Fire Risk Assessment
- Fire Extinguisher Certificate
- EICR

Copies of these documents can be found within the legal pack

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 7th July 2025 £8,100
2 Ground En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 18th July 2025 £7,800
3 First En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 23rd June 2025 £7,800
4 First En-suite HMO room with access to communal kitchen and cinema room 12 month AST starting from 10th April 2023 £7,200
5 First En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 2nd April 2022 £8,100
6 Second En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 3rd September 2025 £7,140
7 Second En-suite HMO room with access to communal kitchen and cinema room 12 month AST starting from 14th March 2025 £8,340
8 Second En-suite HMO room with access to communal kitchen and cinema room 6 month AST starting from 7th November 2025 £7,140

Vendors Solicitor
Sham Michael
02032920669

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Financing

Looking to purchase at auction but need the right finance in place? We’ve partnered with Roma Finance to help our buyers secure fast and flexible funding solutions tailored for HMOs.

Get in touch with Roma Finance today to explore the best financing options for your next HMO purchase

HMO X - Roma Finance

Vendors Solicitor

Sham Michael
02032920669

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