347 Leigh Road, Atherton, Manchester

Description

A Terrace House requiring modernisation.

Accommodation

Two floors. First floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground floor: Entrance Porch, Entrance Hall, Living Room, Dining Room, Kitchen, Lean-to. Yard at rear.

Location

Situated on Leigh Road, close to the amenities available in Atherton Town Centre and travelling facilities including Atherton and Hag Fold Train Stations. Jubilee Park is also nearby.

Tenure / Property Information

Investment Analysis

The supplied sold comparables on Leigh Road range from £81,000 to £110,000 for 2023–2024 sales, with older evidence from £83,000 to £118,000. The comparables are not accompanied by bedroom, condition or floor-area details, so they provide only a broad indication. A base GDV of £95,000 is used as an estimate, with £81,000 low and £110,000 high scenarios. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection, review of the lease and special conditions, and receipt of a firm refurbishment budget. Do not currently underwrite as BTL, BRRR or flip without rental and works-cost evidence.

Works Required

The property is described as requiring modernisation, but no detailed schedule or cost evidence is supplied. A full inspection and contractor quotations are required before budgeting any works. The scope should be limited to confirmed modernisation requirements and any defects identified during inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The guide price is £40,000 and the known buyer premium is £1,500, before refurbishment, financing and any seller charges. At the estimated £95,000 base GDV, 75% refinancing would be approximately £71,250. However, the unknown refurbishment cost, rent and total project cost prevent a reliable cash-left-in or BRRR return calculation.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and requires modernisation, so the achievable rent and stabilised yield remain unverified.

Flip Analysis

The supplied sales indicate a broad potential resale range of £81,000–£110,000, with a £95,000 base estimate. A flip surplus cannot be calculated because refurbishment costs, selling costs and any additional completion charges are not supplied.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are unknown.

• No sufficiently specific rental evidence is available, so rental income and yield cannot be established.

• The sold comparables lack bedroom, floor-area and condition details, reducing GDV certainty.

• The seller may charge additional fees under the special conditions, but no amount is supplied.

• The property is leasehold; ground rent, service charge and other lease obligations are not provided.

• The buyer must fund the required deposit balance and buyer premium within 24 hours, subject to the stated minimum deposit.

Recommendation

Proceed only after inspection, review of the lease and special conditions, and receipt of a firm refurbishment budget. Do not currently underwrite as BTL, BRRR or flip without rental and works-cost evidence.

Strategy Rating

Analysis Confidence

There are several same-road sold comparables and clear tenure/occupancy information, but bedroom and condition details for the comparables, refurbishment costs, rental evidence, selling costs and possible seller charges are unavailable.