2-bedroom house · DE73 8JH
Listing removedListed 77 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
To Let – Stunning Converted Former Mechanical Workshop in the Heart of Melbourne A rare opportunity to rent a beautifully restored former mechanical workshop, ideally positioned in the centre of Melbourne and within close proximity to St Michael’s Church.
This exceptional two-bedroom, two-bathroom property blends industrial heritage with high-quality modern finishes, offering character, space, and practicality in equal measure.
Set behind a secure gated courtyard, the property benefits from private parking for two cars, including one dedicated electric charging point.
On the ground floor, you are welcomed into a generous layout featuring a practical utility room and separate WC.
The main living space is a striking, large lounge with original architectural features enhanced by oak flooring and expansive bi-folding doors that open onto the courtyard, creating an effortless indoor–outdoor flow.
The kitchen and living areas continue the theme of quality and craftsmanship, while the upper floor offers two well-proportioned bedrooms fitted with quality carpets and stylish window coverings.
Both bedrooms are served by two beautifully finished tiled bathrooms, one with a bath and the other with a walk-in shower.
Throughout the property, original character details have been carefully preserved and complemented by high-quality modern furnishings and finishes, creating a unique and inviting home.
Lettings Advert Footer - EPC Grade: C Council Tax: Your property is in Council Tax Band: TBC Please note that a guarantor may be required in some circumstances.
Application Process Once you have viewed the property, please submit your application online via our website.
If your application is successful, a holding deposit equivalent to one week's rent will be required to secure the property.
For this property, the amount is £461.54 This payment will reserve the property while we conduct credit checks and obtain references.
On the move-in date, the following payments will be required: Payment Amount Security deposit £2307.70 First month’s rent £2000.00 Less holding deposit £ 461.54 Total payable £3846.16 If you have any questions, please do not hesitate to contact us.
Disclaimer: These particulars, while believed to be accurate, are provided as a general guide only and do not form part of any offer or contract.
Prospective tenants should not rely on these particulars as statements of fact and should satisfy themselves, through inspection or other means, as to their accuracy.
No employee of this agency has the authority to make or give any representation or warranty in respect of the property.
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
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FAQ
About Gales Yard, Church Square, Melbourne, DE73 8JH
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