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See how verdicts work2-bedroom house · M28 3SD
Listing removedReduced £20k (−9.1%) on 21 JunListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bright, Characterful Home With A Sunny West-Facing Garden...With its attractive red brick façade and traditional bay-fronted design, this charming terrace offers excellent kerb appeal and a welcoming first impression, set behind a low-level boundary wall on a well-established residential street.
Step inside and you’re immediately struck by the light-filled feel of the home.
The bay-fronted reception room to the front is a standout space, flooded with natural light and offering plenty of room for both living and dining.
To the rear, a second reception room provides a cosy yet versatile lounge or snug, with a natural flow through to the kitchen.
The kitchen is fitted in a modern shaker style with good storage and worktop space, overlooking the rear garden. Upstairs, the property continues to impress with two well-proportioned bedrooms.
The main bedroom is particularly generous, enhanced by high ceilings, large windows and a feature fireplace, while the second bedroom offers flexibility as a nursery, guest room or home office.
The bathroom is finished in a contemporary style with contrasting tiling.
Externally, the property benefits from a low-maintenance, west-facing rear garden, ideal for enjoying afternoon and evening sun, with a paved layout perfect for outdoor seating.
Ideally located within easy reach of Walkden town centre and the train station, with direct links into Manchester, the property is also close to well-regarded schools, including James Brindley Community Primary.
Offered with no onward chain, and with a roof replacement completed in 2023 alongside a boarded loft for additional storage, this home presents a fantastic opportunity to move straight in while still having scope to personalise over time.
Additional Information This property is leasehold, held on a 999-year lease from 25 December 1910, with a current ground rent of just £8 per annum.
The vendor has advised that they have purchased the freehold; however, this has not yet been updated with the Land Registry and the property is therefore being marketed as leasehold.
The property falls under Salford Local Authority and is in Council Tax Band A, with an annual charge of approximately £1,730.
It has an EPC rating of D and offers a total floor area of 66.5m2 (715.80ft2). The street is publicly maintained and adopted, with Salford Council responsible for upkeep.
The roof has been fully replaced in 2023. The loft is accessible via a ladder and has been boarded with lighting installed, providing useful additional storage space. Parking is available on-road.
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 5, Parsonage Road, Manchester
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