15, Craigmore Avenue, West Didsbury Manchester, M20 2YQ

Description

15 Craigmore Avenue, Manchester, M20 2YQ

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An exciting tenanted investment and development opportunity situated in desirable West Didsbury, close to the village centre and the open green spaces of Chorlton Water Park and the Mersey Valley. This three-bedroom semi-detached property occupies a substantial corner plot and offers considerable scope to add value.

The existing accommodation comprises an entrance hallway, lounge, kitchen and separate ground-floor WC. To the first floor are three bedrooms and a family bathroom.

Tenure / Property Information

Council Tax Band: A; Tenure: Freehold

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

78, Darley Avenue, Manchester, M21 7GG Sold - 24/04/2026 £465,000 Semi 3 0.26 mi (Single Storey Extension)

18, Callingdon Road, Manchester, M21 7GN Sold - 08/04/2026 £425,000 Semi 3 0.45 mi

77, Mersey Bank Avenue, Manchester, M21 7NT Sold - 02/04/2026 £357,500 Semi 3 0.23 mi

HB Base GDV £425,000 is based on the median of sold comparables quoted in the auctioneer’s scraped description.

Proposed Works

HB desktop works allowance: £40,000. Budget assumes a meaningful refurbishment programme: kitchens/bathrooms where required, decoration, flooring, repairs, compliance items and contingency. Structural or hidden defects are excluded.

Rental Value

The property is currently tenanted, producing £1,000 per calendar month, equivalent to £12,000 per annum. It also benefits from a new boiler installed in February 2026. Buyers should refer to the legal pack for full details of the tenancy.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £318,750. Against purchase plus works of £290,000, indicative cash left in is £-28,750. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £126,500. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £312,750. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: BTL / BRRR. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★☆☆☆; BRRR ★★★★☆; Flip ★★★★☆

Key Risks

• refurbishment scope and cost overrun
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.