1-bedroom house · M28 3AQ
Listing removedReduced £25 (−3.1%) on 9 SepListed 51 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A SELF CONTAINED STUDIO APARTMENT AVAILABLE IN THIS BEAUTIFULLY CONVERTED HMO PROPERTY BILLS INCLUDED* AVAILABLE 2ND OCTOBER (Single occupancy only) We're delighted to be able to offer this well-located studio apartment to the rentals market, available immediately.
The apartment is finished to a high specification and offered fully furnished, ideal for tenants looking for a straightforward move.
Tenants also benefit from bills being included, a huge saving in the current climate!
(Excluding use of washer/dryer which is chargeable) The apartment is likely to be extremely popular so please get in touch as soon as possible if you think it might be of interest.
A look inside the property: The property briefly comprises; Communal space: Entrance hallway leading to the communal kitchen//living space with cooking facilities and utility area with washing/drying facilities.
Apartment 1 comprises; Kitchen units with integrated fridge freezer, W.C and shower, living space and separate bed area.
Externally: The apartments are situated in a beautifully converted 19th century building.
Benefitting from secure coded access into the building as well as plenty of on-street parking in the area for those with a vehicle (Permit parking).
Location: Memorial Road is perfectly positioned in the heart of Walkden town centre.
Being just 5 minutes walk from Walkden train station, tenants will benefit from direct rail links to Manchester Victoria (18 minutes) as well as Wigan (23 minutes) and various other locations.
Tenants also benefit from a well linked bus stop on the doorstep of the building and all the local amenities Walkden has to offer!
Points of interest: - Walkden train station: 5 minutes walk - Walkden town centre: 3 minutes walk - MediaCityUK: 21 minutes drive - Trafford centre: 14 minutes drive - Manchester Victoria station: 18 minutes train
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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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 Memorial Road, Worsley, Manchester
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