1-bedroom house · M40 2AX
Listing removedReduced £25 (−5.6%) on 21 JulListed 120 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Grovewell are pleased to offer for let this furnished room within a shared house (HMO) on Grimshaw Lane, Newton Heath.
The room is carpeted and comes furnished with a wardrobe, chest of drawers and a desk, with a radiator and window letting in good natural light, ready to move straight into.
Shared facilities: Residents have use of a large fitted kitchen finished in cream units with tiled splashback and tiled flooring, comprising electric hob, oven, overhead extractor and ample cupboard and worktop space, along with a separate utility area providing a large American-style fridge freezer, washing machine and tumble dryer.
There is also a comfortable communal living room with sofas, coffee table and television point, plus two bathrooms, each with bath and shower over, WC, pedestal wash basin and obscured window.
The property benefits from gas central heating throughout and is well-suited to professionals or sharers.
The electricity bill is included in the rent, with the gas bill split equally between all occupants.
The property is situated in a popular Newton Heath location within short walking distance of local amenities, including supermarkets, shops and more.
Close proximity to main roads and bus routes, as well as Newton Heath tram stop, offers excellent access to Manchester City Centre and surrounding areas. An early viewing is highly recommended.
Contact us today to arrange your viewing! Deposit: £450 Holding Deposit: £103
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 Room 2, 61 Grimshaw Lane, Manchester
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