2-bedroom house · M28 3AU
For saleReduced £26k (−8%) on 21 OctListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ivy House, Hodge Road, Walkden; Unique Investment or Conversion Opportunity Griffin Estates are pleased to offer Ivy House, an attractive and unusual gated property offering considerable flexibility for either investment or residential use.
Originally constructed as a single house, the property has subsequently been divided to provide two self-contained apartments, together with additional accommodation offering further potential for office space or extra apartment.
Also a possibility to have a shop front with living accomodation above .
The upper floor comprises a spacious two-bedroom apartment with its own bathroom, while the ground floor provides an attractive one-bedroom apartment, again with its own bathroom.
There is also additional space on the ground floor which, subject to the necessary consents, could potentially be converted to create a further apartment.
Alternatively, a purchaser may wish to reconfigure the property back into a substantial single family home, making Ivy House an interesting proposition for both investors and owner-occupiers.
Hodge Road is conveniently situated in Walkden, within easy reach of the town centre and its wide range of shops, amenities and transport links.
Walkden railway station is nearby, providing convenient connections towards Manchester and surrounding areas, with good access to the wider motorway network.
The combination of its gated setting, flexible accommodation, excellent transport connections and established local rental demand makes Ivy House a particularly appealing opportunity for investors, professional landlords or purchasers looking for a distinctive family home.
# Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
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 49, Hodge Road, Worsley
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