2-bed terraced for sale in Manchester M27 — £200K | Dwelfy

Deals · M27 · Townsend Road, Pendlebury, Swinton, Manchester M27

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Cannot be let as it stands — fix that before any offer

You could not let it as it stands — and even with a tenant in it, it costs you £220 a month.

No rent at all can be collected until the EPC reaches E, so nothing on this page is reached by charging more. Price the work first, then decide what the property is worth to you with that spent.

Townsend Road, Pendlebury, Swinton, Manchester M27 · 1,054 sqft · £190/sqft

2 BED TERRACEDListed 454d · ~15mo

£200,000

Why it works

Nothing counts in its favour while it cannot be let
Every figure that would go here — the return, the rent cover, the monthly profit — assumes a tenant can move in. Fix that first and this column is worth reading again.

Why to be cautious

Leasehold, 80 years left — ask your solicitor to check it
Still mortgageable, but the clock is the point — every year shortens it and extension costs rise as it does.Ask the seller whether an extension has been started; a served notice can be assigned to you.
Article 4 in area — Rent by the room conversion needs planning permission
The council has removed the automatic right to convert to a shared house here — it needs planning permission.It does not affect letting the property normally, and permission is often granted. It is a step, not a wall. See who decides →
Monthly profit −£220/mo — a real cost you carry every month you hold it
You would be topping it up every month, from your own income, for as long as you hold it.That can still be the plan if you are buying for capital growth — but it should be a decision, not a surprise. Try your own numbers →
-3.1% a year over five years — you tie up a lot of cash for what it returns
The capital you tie up is large relative to what the deal returns over five years.A lower offer or a smaller deposit changes this more than a higher rent does. Try a lower offer →

What would have to be true?
No price fixes this while it cannot be let
No rent at all can be collected until the EPC reaches E, so nothing on this page is reached by charging more.
energy rating G

What will the rent borrow?
Nothing, until it can be let
A lender sizes the loan on the rent, and no rent may be collected here as it stands. The test below is worth running again once the EPC clears E — not before.
no rent to test

Is it a good location?
Manchester, M27
No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.
Article 4Planning permission required to let by the room
postcode area, not this address

Which strategy wins?
None of them, while it cannot be let
Every way of running this is a way of letting it, and none may be let as it stands. Which one wins is worth ranking once the EPC clears E — not before.
no way of letting is available

What would you walk away with?
Nothing we can put a figure on, while it cannot be let
Five years of holding it is five years of rent plus a sale, and no rent may be collected here as it stands. The sums are worth running again once the EPC clears E.
no rent to project

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent).

You keep-£220/mo

All-in cash£82,661

PaybackNever

No rent at all can be collected until the EPC reaches E, so nothing on this page is reached by charging more.

Offer

Deposit

Mortgage rate

The dial above is the rate you would be quoted. Every figure on this page is worked at 6.50% — that rate plus a 0.75pp premium lenders add on a limited-company purchase.

Standard rental

Doing it up

Estimated, not surveyed — nobody has been inside.

More assumptions9

Mortgage term

Fixed for

Stress rate

Solicitor + survey

Lender fees

Insurance

Maintenance

Service charge

Ground rent

Where these figures came from13

Offer the asking price£200,000Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for BTL

Mortgage rate a typical assumption5.75%5-year fixed at 75% LTV — 5.75% (as of 2026-09-14). 5.75% headline + 0.75pp limited-company product premium = 6.50% charged in this model.

Doing it up a typical figure, not a quote£15,161Per-property refurb estimate from the element rate-card model (£11,371–£21,225 range), VAT-inclusive

Mortgage term a general default, not this property25 yrs

Fixed for a typical assumption5 yrsFixed for 5 years (5-year fixed at 75% LTV); after the fix the projection charges the reversion rate — a stated assumption, not a forecast.

Stress rate a typical assumption7.50%The higher of 5.5% and your rate + 2 points (PRA SS13/16): 7.5%

Solicitor + survey a typical figure, not a quote£2,000Leasehold flat — £1,500 legal + £500 survey

Lender fees a typical figure, not a quote£4,0002% product fee on £150,000 loan + £1,000 booking fee

Insurance a typical figure, not a quote£28/moTypical BTL building+landlord cover for £200K–£400K

Maintenance a typical figure, not a quote£50/moTerraced: £50/mo proxy (shared structure)

Service charge a typical figure, not a quote£68/moFrom listing description: £815/yr

Ground rent a typical figure, not a quote£1/moFrom listing description: £10/yr

These are this page’s own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

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Listed by

Your Move - Swinton

0161 937 6718 View on portal

Asking price£200,000

You could not let it as it stands — and even with a tenant in it, it costs you £220 a month.

Will it pay?CalculatorNot while it cannot be letEvery figure here is rent minus costs, and no rent may be collected here as it stands. What it pays is worth asking again once the EPC clears E — not before.£813 mortgage£1,046 rent in£220 short□ no rent may be collected

What will it cost me to buy?Breakdown£67,500 + refurb costs£17,500 of that never comes back — stamp duty, solicitor and lender fees.£67,500 to buy itdeposit · stamp duty · solicitor · fees~£15,161, unseen□ works not inspected

What would have to be true?No price fixes this while it cannot be letNo rent at all can be collected until the EPC reaches E, so nothing on this page is reached by charging more.■ energy rating G

What will the rent borrow?Nothing, until it can be letA lender sizes the loan on the rent, and no rent may be collected here as it stands. The test below is worth running again once the EPC clears E — not before.□ no rent to test

How big is it, really?The workingOne figure, and nothing checking it 1,054 sq ftOnly the agent’s figure exists for this house. Open for what that means.□ area unchecked — agent’s own

Is it a good location?Open the mapManchester, M27No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.Article 4Planning permission required to let by the room■ postcode area, not this address

Which strategy wins?None of them, while it cannot be letEvery way of running this is a way of letting it, and none may be let as it stands. Which one wins is worth ranking once the EPC clears E — not before.□ no way of letting is available

What would you walk away with?Nothing we can put a figure on, while it cannot be letFive years of holding it is five years of rent plus a sale, and no rent may be collected here as it stands. The sums are worth running again once the EPC clears E.□ no rent to project

What would have to be true?
No price fixes this while it cannot be let
No rent at all can be collected until the EPC reaches E, so nothing on this page is reached by charging more.
energy rating G

What will the rent borrow?
Nothing, until it can be let
A lender sizes the loan on the rent, and no rent may be collected here as it stands. The test below is worth running again once the EPC clears E — not before.
no rent to test

Is it a good location?
Manchester, M27
No schools in this postcode area and flood risk checking… — open for the map, the schools and the rest.
Article 4Planning permission required to let by the room
postcode area, not this address

Which strategy wins?
None of them, while it cannot be let
Every way of running this is a way of letting it, and none may be let as it stands. Which one wins is worth ranking once the EPC clears E — not before.
no way of letting is available

What would you walk away with?
Nothing we can put a figure on, while it cannot be let
Five years of holding it is five years of rent plus a sale, and no rent may be collected here as it stands. The sums are worth running again once the EPC clears E.
no rent to project