50 Northridge Road, Blackley, M9 6GP

Description

To be sold via online auction on October 21st–22nd unless sold prior under auction terms. An exciting opportunity to acquire a three-bedroom semi-detached home in the popular area of Blackley. The property is sold with tenants in situ, at £1,350 per month. Externally, the property benefits from a front and rear garden.

Accommodation

Ground floor: reception room, kitchen and downstairs WC. First floor: three bedrooms and a bathroom. Front and rear gardens.

Location

Higher Blackley is in close proximity to Manchester city centre and has transport links, schools, local shops and Heaton Park.

Tenure / Property Information

Investment Analysis

The two directly comparable freehold semi-detached sales on Northridge Road completed in 2021 at £141,500 and £159,700. A simple midpoint produces an indicative base GDV of £150,600, with a comparable-supported range of £141,500–£159,700. The sales are historic, no exact sale of this property is provided, and the tenanted status may affect purchaser demand and value. The £140,000 guide is below both supplied comparables, but it is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Consider primarily as a tenanted BTL, subject to verifying the tenancy, rent, legal compliance and property condition. Do not rely on a flip or BRRR strategy without full cost, possession and finance due diligence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, routine maintenance and compliance checks only; no refurbishment budget can be supported from the supplied information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the comparable-based base GDV of £150,600, 75% refinancing equates to £112,950. A reliable BRRR calculation cannot be completed because refurbishment costs, buyer costs, finance costs and the tenancy/compliance position are not supplied. The refinance figure is an indicative calculation rather than a lending valuation.

Buy-to-Let Analysis

The stated rent of £1,350 pcm produces annual rent of £16,200 and a gross yield of approximately 11.57% against the £140,000 guide, before finance, management, maintenance, voids, tax and acquisition costs. The property is sold tenanted, but tenancy terms, rent verification and compliance information are not supplied. No external rental comparables were identified.

Flip Analysis

The supplied 2021 comparables support an indicative GDV range of £141,500–£159,700, with a £150,600 midpoint. A flip surplus cannot be established because no refurbishment costs, acquisition costs, selling costs or supported vacant-possession assumptions are provided. The property is tenanted, which may constrain immediate resale strategy.

Investor Risks & Due Diligence

• The property is sold with tenants in situ and tenancy terms, arrears position and possession requirements are not supplied.

• The £1,350 pcm rent is supplied by the property listing and has not been independently verified; no sufficiently specific rental comparables were identified.

• The comparable sales are historic, completing in 2021, so current market value is uncertain.

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

• Property condition, compliance documentation and refurbishment requirements are not evidenced.

• Gross yield calculations exclude finance, management, maintenance, voids, tax and acquisition costs.

Recommendation

Consider primarily as a tenanted BTL, subject to verifying the tenancy, rent, legal compliance and property condition. Do not rely on a flip or BRRR strategy without full cost, possession and finance due diligence.

Strategy Rating

Analysis Confidence

There are two relevant same-road sold comparables, a stated passing rent and clear property details, but the comparables are from 2021 and there is no condition, tenancy documentation, fee, rental-comparable or refurbishment-cost evidence.