2-bedroom house · M6 5NB
Sold STCReduced £10k (−5%) on 21 JunListed 193 days
Opportunity summary
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About
*2 bedroom terraced house/ private balcony/ parking space included* Situated on Reservoir Street in Salford, this beautifully arranged two bedroom home is set across three floors, offering versatile living space that is perfect for first-time buyers, professionals, and investors alike.
The ground floor hosts two well-proportioned bedrooms, creating a practical separation between the sleeping accommodation and the main living space above.
To the first floor, the property opens into a bright and spacious open-plan kitchen and living area, designed for modern day-to-day living and entertaining.
The contemporary kitchen offers excellent storage and workspace, while the living area enjoys plenty of natural light and direct access to the private balcony area, providing a fantastic outdoor space for seating and relaxing.
The top floor offers a large space currently used as a home office, a highly desirable feature for buyers working from home, while also providing excellent flexibility as a study, dressing room, hobby room, or occasional guest space.
Externally, the property further benefits from convenient on-street parking, while the location offers excellent access to Manchester City Centre, Salford Quays, MediaCity, transport links, and local amenities.
Lease Years Left: 99 year lease from 15th Oct 2008.
Service Charge Amount: £849.12 per annum Frequency of payment: £212.28 Every 3 months Building Insurance cost (if included in Service Charge please confirm): Included in Service Charge Ground Rent Amount: £231.27 Frequency of payment: Every 12 months Parking (if applicable) Additional parking costs or included within Service Charge: 1 parking space included.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About 61 Resevoir Street, Salford
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