25 Romney Street, Manchester, Lancashire, M40 9JY

Description

A Vacant Three Bedroom Mid Terrace House

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Second Floor: Bedroom. Exterior: Rear yard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Broadhurst Park are within easy reach. Transport links are provided by Moston rail station and the M60.

Tenure / Property Information

Investment Analysis

Same-street completed sales range from £75,000 to £138,000. The more recent evidence includes £107,000 and £125,000 sales in July 2025 and £138,000 in April 2026, although the two £17 Romney Street entries are inconsistent duplicates. A provisional base GDV of £115,000 is used, with £107,000–£138,000 as an evidence-supported range. No condition details are supplied, so no refurbishment adjustment can be reliably made.

Investment Snapshot

Strategy Recommendation

Investigate as a potential BTL acquisition only if inspection confirms manageable condition and the £775 pcm asking rent is achievable. Do not bid to a refurbishment-dependent maximum without a survey and legal-pack review.

Works Required

No specific defects or works are evidenced. The property is vacant and has an EPC rating of F; condition, repair requirements and any energy-improvement works should be established through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £115,000 base GDV, 75% refinance is approximately £86,250. However, refurbishment costs are unsupported and total project cost cannot be calculated. Cash left in and BRRR returns therefore remain unquantified. EPC F, vacant possession and the absence of condition evidence require further due diligence.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £775 pcm, not an achieved rent. At the £80,000 guide, this indicates a gross yield of approximately 11.63% before works, finance, insurance, maintenance, voids and fees. The £1,800 administration charge and unknown disbursements further affect returns. BTL may be viable at or near guide, subject to inspection and rent validation.

Flip Analysis

The provisional GDV range is £107,000–£138,000, but no refurbishment budget, selling costs or condition assessment is supplied. A reliable flip surplus and maximum bid cannot therefore be calculated. The apparent spread over the £80,000 guide should not be treated as profit.

Investor Risks & Due Diligence

• EPC rating F may require energy-related improvements, but the necessary works are unknown.

• The property is vacant and no internal condition or repair information is supplied.

• £775 pcm is an advertised asking rent rather than an achieved passing rent.

• Buyer premium is unspecified and legal-pack disbursements may be payable.

• Comparable evidence includes conflicting duplicate entries for 17 Romney Street.

• Gross yield calculations exclude refurbishment, finance, maintenance, voids, insurance and transaction costs.

Recommendation

Investigate as a potential BTL acquisition only if inspection confirms manageable condition and the £775 pcm asking rent is achievable. Do not bid to a refurbishment-dependent maximum without a survey and legal-pack review.

Strategy Rating

Analysis Confidence

There are several same-street completed sales and one advertised rent, but condition, refurbishment costs, achieved rent, buyer premium and disbursements are incomplete. Comparable evidence also contains a duplicate address with conflicting prices.