43 Cranbourne Road, Old Trafford, M16 9QA

Description

TO BE SOLD VIA ONLINE AUCTION ON OCTOBER 21ST-22ND UNLESS SOLD PRIOR UNDER AUCTION TERMS. An exciting opportunity for developers, investors and homebuyers to acquire a three-bedroom mid-terraced property in the highly desirable area of Old Trafford. The property benefits from front and rear yards, with on-street parking. Key features include: three bedroom mid-terrace, vacant possession, great investment opportunity and highly desirable area.

Accommodation

Entrance hall, living room, dining room and kitchen to the ground floor. To the first floor, there are three bedrooms and a bathroom. Externally, the property benefits from front and rear yards.

Location

The property is situated in the popular and well-connected area of Old Trafford, approximately two miles south-west of Manchester City Centre. The area offers a wide range of local amenities, including supermarkets, independent shops, cafés and restaurants, with further retail facilities available at White City Retail Park and The Trafford Centre. Excellent transport links are available, with Old Trafford and Trafford Bar Metrolink stations providing convenient connections towards Manchester City Centre, Altrincham and across Greater Manchester. The property is also ideally positioned for Old Trafford Football Stadium.

Tenure / Property Information

Investment Analysis

Same-road sold evidence ranges from £240,000 to £351,000. The most recent supplied comparable is 31 Cranbourne Road at £341,755 in December 2024. A base GDV of £341,755 is used, with a conservative low scenario of £240,000 and high scenario of £351,000. Differences in condition, specification and transaction dates mean this is indicative only.

Investment Snapshot

Strategy Recommendation

Potential BTL or owner-occupier purchase, subject to inspection, achieved-rent verification and a firm all-in cost assessment. Do not rely on the headline GDV alone when setting a bid.

Works Required

No specific defects or refurbishment requirements are evidenced. A physical inspection is required before specifying works or a refurbishment budget.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, a 75% refinance is approximately £256,316.25. The acquisition, works and fee position cannot be completed because no refurbishment allowance, buyer premium, administration charge or other purchase costs are supplied. Cash left in therefore cannot be reliably calculated.

Buy-to-Let Analysis

The supplied Old Trafford rental listing advertises £1,350 pcm, equivalent to £16,200 annually. Against the £250,000 guide, this indicates a gross yield of approximately 6.48% before finance, management, maintenance, voids and acquisition costs. The rent is an asking rent rather than achieved rent, and property condition is unknown.

Flip Analysis

The base GDV is supported by the £341,755 December 2024 same-road sale, with supplied comparables ranging from £240,000 to £351,000. A reliable flip surplus cannot be calculated because works, acquisition costs and selling costs are not evidenced.

Investor Risks & Due Diligence

• Property condition and any required works are not evidenced.

• The rental figure is an advertised asking rent, not an achieved passing rent.

• The comparable sales vary materially in price and may differ in condition or specification.

• Buyer premium, administration charge and other acquisition costs are not supplied.

• On-street parking only; no dedicated parking is evidenced.

• GDV and refinance figures are estimates and are not formal valuations.

Recommendation

Potential BTL or owner-occupier purchase, subject to inspection, achieved-rent verification and a firm all-in cost assessment. Do not rely on the headline GDV alone when setting a bid.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and one locally relevant advertised rent, but no condition report, EPC, heating information, refurbishment budget, buyer fees or verified achieved rent.