47 Carmoor Road, Victoria Park, Manchester, M13 0EA

Description

A rare opportunity to acquire two self-contained one-bedroom flats, offering an attractive investment opportunity with two separate rental income streams. Each flat comprises a lounge, kitchen, bathroom and double bedroom, with the property also benefiting from front and rear yards.

Accommodation

Two self-contained one-bedroom flats. Each flat comprises a lounge, kitchen, bathroom and double bedroom. Front and rear yards.

Location

Situated in the popular Rusholme/Victoria Park area of Manchester, an established residential and rental location with strong links to Manchester city centre and The University of Manchester. Well positioned for the amenities of Rusholme and Wilmslow Road, including the Curry Mile, with restaurants, takeaways, cafés and independent shops. The area is particularly popular with students and young professionals.

Tenure / Property Information

Investment Analysis

The guide is £150,000. Sold evidence on Carmoor Road ranges from £180,000 to £350,000 for nearby terraced houses, with the subject recorded at £125,000 in 2015. However, the comparables do not establish whether they contain two self-contained flats, and the £350,000 sale is not sufficiently explained. A defensible GDV cannot therefore be calculated from the supplied evidence.

Investment Snapshot

Strategy Recommendation

Consider only as a conditional income-led buy-to-let, subject to verifying the two flats’ legal/compliance status, tenancies, achievable rents and full purchase costs. Do not rely on a flip or BRRR strategy without further valuation and cost evidence.

Works Required

No refurbishment works are evidenced. Before purchase, verify the condition and legal/compliance status of both self-contained flats, including the tenancy arrangements and any required safety or licensing documentation.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR calculation cannot be completed because no supported GDV, refurbishment budget, buyer/admin costs or finance assumptions are available. The estimated rent may support an investment case, but refinance capacity cannot be quantified without a defensible valuation and verified property/legal details.

Buy-to-Let Analysis

The auctioneer estimates £900–£950 pcm per flat, implying combined gross rent of £1,800–£1,900 pcm and annual rent of £21,600–£22,800. Against the £150,000 guide, this indicates a gross yield range of 14.4%–15.2%. This is based on an auctioneer estimate rather than achieved rent; no sufficiently specific external rental comparable or operating-cost information was supplied.

Flip Analysis

A flip surplus cannot be calculated. No refurbishment requirement, supported GDV, selling allowance or transaction-cost evidence was supplied, and the available sold comparables do not confirm values for a two-flat configuration.

Investor Risks & Due Diligence

• The £900–£950 pcm per-flat rent figures are auctioneer estimates, not achieved rents.

• No sufficiently specific external rental comparable was identified.

• The supplied sold comparables do not confirm values for a property containing two self-contained flats.

• No buyer premium, admin charge, other fees or refurbishment budget was supplied.

• The legal and compliance status of the two self-contained flats and their tenancies is not provided.

Recommendation

Consider only as a conditional income-led buy-to-let, subject to verifying the two flats’ legal/compliance status, tenancies, achievable rents and full purchase costs. Do not rely on a flip or BRRR strategy without further valuation and cost evidence.

Strategy Rating

Analysis Confidence

Rent evidence is limited to an auctioneer estimate, while the comparables lack configuration and condition detail. No refurbishment, fee, EPC, heating, tenancy or compliance information was supplied.