2-bedroom terraced house · M30 0RF
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pure Investor are delighted to bring to market 28 Watson Street, a tenanted two bedroom terraced property located in the Eccles region of Manchester, in close proximity to Manchester city centre, Salford Quays and MediacityUK.
In recent years, Eccles has become increasingly desirable for both investors and owner occupiers due to its affordability and proximity to the city centre.
The property is currently tenanted at £850.00 per month (£10,200.00 per annum), and will be sold with established tenants already in situ.
As such, the property will offer investors the opportunity for immediate rental income.
The property at 28 Watson Street is already under our management, and as such we would be able to extend this management offering over to the new owners should a more hands free investment be required.
28 Watson Street - Investment Highlights Guide Price - £170,000.00 Sold with established tenants in situ Currently generating £850.00pcm (£10,200.00pa) rental income Peppercorn style lease (999 years from November 1901) Ground rent fixed at £12.00 per annum 6% NET rental yield Mortgageable property Full management already in operation Location Highlights 1 minute walk to local train station (Patricroft) 15 mins to Manchester Piccadilly Close to Salford Quays and MediacityUK Close to Manchester city centre
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
Agent & docs
FAQ
About 28, Watson Street, Eccles, Salford
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