156 Beech Road, Cale Green, Stockport, Greater Manchester

Description

Tenanted one bedroom ground floor flat with income of £7,800pa. The property is offered for sale with a tenant in situ. The tenant has been in situ for approximately 20 years and is currently on a period tenancy.

Accommodation

Hallway, living room, kitchen/diner, bedroom and bathroom.

Tenure / Property Information

Investment Analysis

The only sold comparables are historic 2000–2005 sales on Beech Road, so they do not support a reliable current GDV. The £75,000 guide is not a valuation. Current value is further affected by the approximately 64-year remaining lease and unknown legal-pack charges.

Investment Snapshot

Strategy Recommendation

Potential income-led BTL only, subject to satisfactory legal-pack review, lease assessment, tenant documentation and confirmation of all charges. Do not rely on a flip or refinance strategy.

Works Required

No specific works are evidenced. Inspect the flat and confirm condition, maintenance responsibilities, service charge position and any required works through the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be completed because no current GDV, refurbishment allowance or refinance valuation is supported. The approximately 64-year lease, unknown charges and period tenancy require legal and lender review before relying on refinancing.

Buy-to-Let Analysis

The stated rent of £7,800 per annum equates to 10.4% gross on the £75,000 guide, before the minimum £3,600 admin charge, service charge, ground rent, finance, maintenance and other costs. The tenant is long-standing but is on a period tenancy. Net yield cannot be established without the legal-pack charges and operating costs.

Flip Analysis

A flip surplus cannot be calculated because no current GDV, refurbishment costs or supported selling allowance is available. The historic comparables are too old to establish resale value.

Investor Risks & Due Diligence

• Approximately 64 years remain on the stated lease, which may restrict mortgageability and resale.

• Ground rent, service charge and other lease costs are unknown.

• The tenant is on a period tenancy, so income and possession terms require review.

• The minimum buyer admin charge is £3,600, with possible additional legal-pack disbursements and fees.

• Property condition, EPC and heating details are not provided.

• Current market value is unsupported by the historic comparables.

Recommendation

Potential income-led BTL only, subject to satisfactory legal-pack review, lease assessment, tenant documentation and confirmation of all charges. Do not rely on a flip or refinance strategy.

Strategy Rating

Analysis Confidence

Rent and guide price are provided, but current valuation, condition, lease costs, service charge, ground rent, EPC, heating, legal disbursements and refurbishment requirements are unavailable.