2-bedroom terraced house · M27 4TU
Sold STCListed 159 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
PROPERTY OVERVIEW Address: 16 New Cross Street, Swinton, Manchester, M27 4TU Asking Price: £175,000 Tenure: Freehold Current Rent: £975 per calendar month (£11,700 per annum) Gross Yield: 6.7% on asking price Tenancy: Active - tenant in situ since April 2025 Management: Fully managed by Pure City Living EPC Rating: C FINANCIAL RETURNS AT A GLANCE This property delivers a gross yield of 6.7% - meaningfully above the current national buy-to-let average of approximately 5.0–5.5%.
With a tenant already in place since the start of April 2025, you acquire the asset with income flowing from the day of completion. There is no void period, no re-letting cost, and no delay.
Purchase Price: £175,000 Monthly Income: £975 pcm Annual Income: £11,700 p.a.
Gross Yield: 6.7% Tenure: Freehold (no ground rent, no service charge) Management: Fully hands-free via Pure City Living For a cash purchaser, that is £975 landing in your account every month from day one.
For a leveraged investor, the rental income provides strong coverage against finance costs at current mortgage rates, with equity upside on top.
LOCATION & CAPITAL APPRECIATION Swinton sits within the Metropolitan Borough of Salford, just five miles northwest of Manchester city centre.
It benefits from direct Metrolink tram services into the city, strong road connections via the A57 and M60/M602, and excellent local amenities — all factors that sustain consistent tenant demand and support rental growth.
Greater Manchester is one of the UK's strongest performing residential property markets, and for good reason: • Home to over 100,000 students across five universities, creating year-round rental demand • Major employers including the BBC, ITV, AstraZeneca, Co-op and Amazon have significant regional presences, driving professional inward migration • The Northern Powerhouse initiative and ongoing regeneration investment continue to channel billions into the region's infrastructure • HS2 and Northern Powerhouse Rail connectivity improvements are expected to further boost house prices across Greater Manchester • Swinton sits within a broader regeneration arc stretching from Eccles through to Salford, with visible neighbourhood investment already underway Manchester house prices have consistently outperformed the national average over the past decade, and forecasts from major institutions continue to project above-average growth for the North West through to 2028 and beyond.
Investors who purchased in this corridor five years ago have seen both strong yield and substantial capital uplift.
FULLY MANAGED - TRULY HANDS-FREE The property is professionally managed by Pure City Living, handling all aspects of the tenancy on your behalf - rent collection, maintenance, compliance, and tenant liaison.
Whether you are based locally or investing from further afield, this is a genuinely passive income asset from the moment you complete.
WHY THIS PROPERTY STANDS OUT • 6.7% gross yield - above the national average • Tenant in situ since April 2025 - income from day one • Freehold - no ground rent or service charge exposure • Fully managed by Pure City Living - zero landlord hassle • Swinton, Greater Manchester - strong appreciation corridor • Realistic asking price of £175,000
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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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 advisors before making any investment decisions.
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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 16, New Cross Street, Swinton, Salford
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