2 Spey Close, Altrincham, Cheshire, WA14 4UG

Description

Situated in a desirable residential cul-de-sac. Potential for side and/or rear extensions, subject to consents. Well located for the amenities of Altrincham. GIA approximately 84 sq m (947 sq ft).

Accommodation

Ground floor: Reception Room, Dining Room, Kitchen, Conservatory, Utility Room, WC. First floor: Three Bedrooms, Shower Room/WC.

Location

The property is situated on the north side of Spey Close, which runs to the north of Medway Crescent. Local shops and amenities are available in Altrincham town centre, approximately 1 mile to the south east. Northern rail services run from Altrincham station, approximately 1 mile to the south east. The M56, M6 and M60 motorways are all easily accessible. The open spaces of John Leigh Park are within walking distance.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of 3 Spey Close, a detached freehold property on the same close, at £615,000 on 9 January 2026. The £530,000 sale of 1 Spey Close in 2020 provides lower historical support. However, the comparables do not include floor area, condition, specification or extension details, so the £615,000 base GDV is indicative only. A supported evidence range is £530,000 to £615,000.

Investment Snapshot

Strategy Recommendation

Undertake full legal, structural and condition due diligence before bidding. Subject to satisfactory findings, the guide-to-comparable value gap merits investigation for a value-led resale or refinance strategy, but the evidence is insufficient to set a safe maximum bid.

Works Required

No specific defects or required works are evidenced. The property should be inspected to establish condition and repair needs. Potential side and/or rear extensions are mentioned but would be subject to the necessary consents and are not included in this analysis.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the indicative £615,000 base GDV, 75% refinance is approximately £461,250. A meaningful BRRR calculation cannot be completed because refurbishment costs, purchase costs, finance costs and achievable rent are unsupported. The £200,000 guide represents a substantial apparent discount to the comparable evidence, but this may reflect unknown condition, legal or auction-specific factors.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Condition, EPC, council tax and operating costs are also unknown.

Flip Analysis

The supplied evidence indicates a potential value gap between the £200,000 guide and the £615,000 base GDV. However, no refurbishment allowance, purchase costs, selling costs, finance costs or condition information is available, so a reliable flip surplus and maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Condition and required refurbishment costs are not disclosed.

• The comparable sales do not provide floor area, condition or extension information.

• No sufficiently specific rental evidence is available.

• Potential extensions are subject to planning and other consents.

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

• Additional seller or third-party auction charges may apply.

• Legal and auction documentation has not been provided.

Recommendation

Undertake full legal, structural and condition due diligence before bidding. Subject to satisfactory findings, the guide-to-comparable value gap merits investigation for a value-led resale or refinance strategy, but the evidence is insufficient to set a safe maximum bid.

Strategy Rating

Analysis Confidence

A recent same-close completed sale supports the indicative GDV, but there is no condition, floor-area, rental, EPC, cost or fee evidence and the comparables lack detailed specification.