120 Daisy Bank Road, Manchester

Description

An excellent investment opportunity to purchase a freehold block of 9 apartments, each let to professional tenants. The block benefits from its prime location, well maintained condition and high yield. Total income of £7750 per month - £93,000 per annum - this represents an attractive yield of 9.3% against the guide price.

Accommodation

Flat 1: 1 bedroom, ground floor, monthly rent £925. Flat 2: 1 bedroom, ground floor, monthly rent £820; rent review May 2027 to £920. Flat 3: studio, ground floor, monthly rent £725; rent review May 2027 to £825. Flat 4: studio, ground floor, monthly rent £550. Flat 5: 2 bedrooms, split level, top floor, monthly rent £1100. Flat 6: 2 bedrooms, top floor, monthly rent £1050. Flat 7: studio, basement, monthly rent £780; rent review 29/01/2027. Flat 8: 1 bedroom, basement, monthly rent £800. Flat 9: 2 bedrooms, basement, monthly rent £1000.

Location

Situated just outside Manchester city centre and within walking distance to Manchester Royal Hospital.

Tenure / Property Information

Investment Analysis

No completed sales, valuation evidence or GDV evidence is supplied, so market value and GDV cannot be independently estimated. At the £1,000,000 guide, the stated current rent of £93,000 per annum implies a 9.30% gross yield before buyer costs. Including the 2.4% buyer premium, the known acquisition cost is £1,024,000 and the gross yield is approximately 9.08%.

Investment Snapshot

Strategy Recommendation

Consider as a buy-to-let freehold block only if tenancy documents, rent receipts, legal compliance, condition and special conditions verify the stated income and no material undisclosed costs arise.

Works Required

No specific refurbishment works are evidenced; the block is described as well maintained. Verify condition, statutory compliance, tenancy documentation and communal areas before bidding.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no GDV, refinancing valuation, refurbishment budget or lending terms are supplied. The property is already occupied and described as well maintained, so the evidence supports an income-hold assessment rather than a refurbishment-led refinance case.

Buy-to-Let Analysis

The block is occupied by professional tenants and currently produces stated total rent of £7,750 pcm, or £93,000 annually. This gives 9.30% gross yield on the £1,000,000 guide and approximately 9.08% after the known 2.4% buyer premium. Flat 2 and Flat 3 are stated to increase by a combined £200 pcm at their May 2027 reviews, which would produce £7,950 pcm if implemented. This analysis excludes finance, management, maintenance, insurance, voids, tax and any undisclosed fees.

Flip Analysis

A flip analysis cannot be supported because there are no completed sales, independent GDV evidence, refurbishment costs or selling-cost allowance. The property is sold as an occupied block producing rental income, which is more consistent with an investment hold than an evidenced resale project.

Investor Risks & Due Diligence

• No completed sales or independent valuation evidence is supplied, so the guide price may not represent market value.

• The stated income is gross rent and does not account for management, maintenance, insurance, voids, tax or finance costs.

• Additional fees may be listed in the Special Conditions of Sale, but none are supplied.

• Tenancy documents, rent payment history and the stated future rent reviews require verification.

• EPC, council tax, heating, parking and other property compliance information is not supplied.

• The property is sold occupied, so vacant possession and tenant-related risks may be limited but require legal and tenancy due diligence.

Recommendation

Consider as a buy-to-let freehold block only if tenancy documents, rent receipts, legal compliance, condition and special conditions verify the stated income and no material undisclosed costs arise.

Strategy Rating

Analysis Confidence

Current rents, occupancy, tenure, guide price and buyer premium are supplied, but there are no sold comparables, GDV evidence, refurbishment costs, EPC details, operating costs, admin fees or special conditions.