2-bedroom terraced house · M40 1NA
Listing removedReduced £50 (−5%) on 26 AugListed 71 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lancashire Properties are delighted to present this TWO BEDROOM terraced house for rent in a high demand, yet quiet residential area. A few minutes away from A62, Oldham Road.
Ideal for a small family as it is close to local schools and amenities which are within walking distance. Bus stops on Oldham Road A62 including 83, 84, 181, 182 etc.
linking to and from Oldham Town Centre and Manchester City Centre. Schools in the immediate vicinity includes Park View Community School, Briscoe Lane Academy, St.
Wilfrids C of E Primary School and many more. Local amenities includes a local Iceland, Asda and many more all within a short distance.
Briefly comprising of a reception room and a kitchen with dining space on the ground floor, whereas two good size bedrooms and a family bathroom are on the first floor.
Kitchen includes wall & base units with worktop incorporating a bowl sink with mixer tap and additional space for appliances.
Bathroom includes a WC, wash basin and a bathtub fitted with a shower mixer. Externally, there is a decent size rear yard.
A part furnished property which comes with a dining table with four chairs, an electric oven, a double bed with mattress. A cupboard and window blinds. All bills are payable by the tenant.
No smoking permitted inside the property. Rent and a five-week deposit are payable prior to move-in. References and a homeowner guarantor may be required.
PLEASE NOTE : You must attend a viewing of the property before you can make an offer to rent the property.
Viewing the property and making an offer does not guarantee you will be successful in renting the property. Viewings are booked on a first come first served basis.
To make an offer for this property and to ensure the applicant is eligible, the applicant should meet the following affordability benchmark.
This will ensure they meet the landlords expectations and pass through our referencing procedure.
The applicant must be in full time employment, and have been in their current role for more than 3 months.
If the applicant does not meet landlord's requirements, they must provide a UK home owner guarantor.
When making an enquiry, please confirm your ideal move in date, and that you can meet the above affordability criteria, this helps speed up the enquiry process and will ensure you get a viewing quickly.
If you have viewed the property, made an offer and the landlord has accepted, you will then be invited to reserve the property.
To reserve a property, a holding fee, equivalent to one weeks rent is required. The holding fee will then contribute towards your five weeks deposit amount.
If you decide to withdraw from the letting then holding fee will be non refundable. Council Tax Band: A (Manchester City Council) Holding Deposit: £230
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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

FAQ
About Melrose Street, Newton Heath, Manchester, M40
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