16 Greystoke Street, Stockport, Greater Manchester

Description

A well presented one bedroom, first floor apartment forming part of a converted building with only one other resident which is offered for sale with vacant possession. The property benefits from its own secure private entrance and has been renovated within the last five years. Situated within a short drive of Stockport Town Centre and offered with no onward chain.

Accommodation

Entrance hallway, living/dining room, newly fitted kitchen, bedroom and bathroom. Further benefits include loft access.

Location

Situated within a short drive of Stockport Town Centre.

Tenure / Property Information

Investment Analysis

No completed sales or sufficiently specific rental comparables were supplied. The £91,000 guide is not treated as a market value or GDV. The auctioneer's £850 pcm figure is an estimate only.

Investment Snapshot

Strategy Recommendation

Consider only as a cautious BTL at or below the guide, subject to confirming rent, lease terms, EPC, condition and all auction/legal-pack costs.

Works Required

No specific works are evidenced; the apartment is described as well presented and renovated within the last five years. Confirm condition, EPC and legal-pack requirements.

Rental & Market Context

Potential BRRR Position

BRRR cannot be underwritten reliably because no supported GDV, refurbishment budget or refinance valuation is available. The stated 2.75% buyer charge is subject to a £3,600 minimum, before any disbursements or other legal-pack costs.

Buy-to-Let Analysis

At the £91,000 guide, the auctioneer's £850 pcm rent estimate implies approximately 11.21% gross yield before finance, management, maintenance, voids and other costs. No sufficiently specific external rental evidence supports the estimate.

Flip Analysis

A flip surplus cannot be calculated because no completed-sale evidence, GDV or supported refurbishment and selling-cost allowances were supplied.

Investor Risks & Due Diligence

• The £850 pcm rent is an auctioneer estimate rather than achieved rent.

• No sufficiently specific external rental comparables were identified.

• EPC rating is currently TBC.

• Ground rent, service charge and any disbursements require legal-pack confirmation.

• The minimum £3,600 buyer administration charge and other possible fees reduce the effective yield.

• No supported GDV or refurbishment budget is available.

Recommendation

Consider only as a cautious BTL at or below the guide, subject to confirming rent, lease terms, EPC, condition and all auction/legal-pack costs.

Strategy Rating

Analysis Confidence

Property description, tenure, occupancy, guide and auctioneer rent estimate are supplied, but there are no sold comparables, specific rental comparables, EPC rating, refurbishment budget or confirmed legal-pack costs.