24 Gresham Street, Denton, Manchester, M34 3AW

Description

A well-presented two-bedroom terraced property offered with vacant possession, suitable for owner-occupiers and buy-to-let investors. The property has been finished to a good standard, with works completed within the last few years, offering a ready-to-occupy home with minimal immediate works required. It is to be sold by online auction on 21–22 October 2026 unless sold prior under auction terms.

Accommodation

Entrance hallway leading to a spacious open-plan living and dining area separated by an archway, modern fitted kitchen to the rear, two double bedrooms and a family bathroom. South-facing rear garden with a storage shed.

Location

Gresham Street is situated in a convenient residential area of Denton, with easy access to local shops, schools and amenities. Denton offers transport links into Manchester and surrounding areas.

Tenure / Property Information

Investment Analysis

Recent same-street completed sales provide the strongest evidence: £152,000 in March 2026 and £168,000 in May 2026. Older same-street sales range from £135,000 to £165,000. A base GDV of £160,000 is supported, with a low-to-high evidence range of £152,000–£168,000. The £130,000 guide is below these comparables, but the eventual auction price is uncertain. The property is described as well presented with recent works, although no independent survey, EPC or detailed condition report is supplied.

Investment Snapshot

Strategy Recommendation

Suitable for BTL or owner occupation if acquired near the guide and legal, condition and rental checks are satisfactory. Treat the comparable-based value as a ceiling guide rather than a guaranteed resale value, and avoid bidding without allowing for all unsupplied auction and transaction costs.

Works Required

No material refurbishment allowance is supported by the evidence. The property is described as finished to a good standard with works completed within the last few years and minimal immediate works required. A buyer should still verify condition, services, kitchen, bathroom, garden and shed before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The evidence indicates potential BRRR capacity if acquired close to the £130,000 guide: the supported base GDV is £160,000 and 75% of GDV is £120,000. However, refurbishment costs, acquisition costs, finance costs and the final purchase price are unavailable, so total project cost and cash left in cannot be calculated. The described ready-to-occupy condition limits the evidence for a value-adding refurbishment strategy.

Buy-to-Let Analysis

Using the £1,050 pcm auctioneer estimate, annual rent is £12,600 and gross yield on the £130,000 guide is approximately 9.69%. Using the £950 pcm Denton advertised asking rent gives approximately 8.77%. These are gross indications only: the rental listings are asking rents, the auctioneer figure is an estimate rather than passing rent, and buyer/admin costs were not supplied. Yield at the eventual purchase price cannot be established without the final bid and costs.

Flip Analysis

The supported base GDV is £160,000 against the £130,000 guide, but no refurbishment budget, buyer costs, selling allowance or final auction price is supplied. A reliable flip surplus therefore cannot be calculated. The apparent gross value gap should not be treated as profit.

Investor Risks & Due Diligence

• The final auction price may exceed the £130,000 guide and reduce the indicated gross yield.

• Rental listings are advertised asking rents rather than achieved rents, while the £1,050 pcm figure is an auctioneer estimate rather than passing rent.

• Buyer premium, administration charges and other auction or transaction costs are not supplied.

• EPC is on order, so the energy rating and any related requirements are unknown.

• No independent survey or detailed condition report is supplied despite the description of recent works.

• No refurbishment, finance, selling or maintenance costs are supplied, preventing reliable total-cost and profit calculations.

Recommendation

Suitable for BTL or owner occupation if acquired near the guide and legal, condition and rental checks are satisfactory. Treat the comparable-based value as a ceiling guide rather than a guaranteed resale value, and avoid bidding without allowing for all unsupplied auction and transaction costs.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales and two property-relevant rental indicators, but no EPC, survey, detailed condition evidence, fees, parking/heating information, refurbishment costs or achieved rent.