501 Lincoln Gate, 39 Red Bank, Manchester, M4 4AD

Description

A fifth-floor studio apartment in a popular city-centre development with excellent potential for investors. The property has lift access and a secure entry system, and its elevated position offers attractive views. Please note the completion date is 14 days from the contract date.

Accommodation

Entrance hallway with built-in storage, open-plan living, sleeping and kitchen area, and three-piece bathroom.

Location

Situated on the edge of Manchester's Green Quarter and Northern Quarter, close to the city's shops, bars, restaurants and transport links. Red Bank sits just north of Manchester city centre, with Victoria Station and the Manchester Arena nearby for rail, Metrolink and bus connections. The Green Quarter and Cheetham Hill Road corridor have seen significant residential development in recent years, and the area is popular with young professionals and students.

Tenure / Property Information

Investment Analysis

Same-development completed sales range from £77,000 to £175,000. The latest supplied sale was £135,000 in February 2026, while the £175,000 October 2025 sale shows material variation. As unit-specific attributes are unavailable, £135,000 is used as the base GDV, with £100,000 low and £175,000 high scenarios based on the supplied evidence.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack, leasehold-cost and inspection checks. The apparent value gap favours a cautious resale or refinance-led strategy over BTL, as rent evidence is absent.

Works Required

No refurbishment works are described or evidenced. Allowance assumes the flat is acquired in its described condition, subject to inspection and legal-pack review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £69,000 guide, including the £1,500 buyer premium and £2,100 minimum administration charge, indicative known cost is £72,600 before any special-condition disbursements, finance, tax or works. A 75% refinance of the £135,000 base GDV is £101,250, indicating potential gross capital release, subject to valuation, lending criteria and leasehold costs.

Buy-to-Let Analysis

BTL assessment cannot establish rent or yield because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Service charge, ground rent and other leasehold costs are also unknown.

Flip Analysis

The supplied sales indicate a potential gross value uplift from the guide, but no selling-cost allowance, finance cost, tax, legal-pack disbursements or unit-specific comparable detail is available. A reliable net flip surplus and maximum bid cannot therefore be established.

Investor Risks & Due Diligence

• Comparable sale prices vary materially and unit-specific attributes are not supplied.

• No reliable rent evidence is available, preventing BTL yield assessment.

• Leasehold service charge, ground rent and other ownership costs are unknown.

• Special Conditions of Sale may add searches, legal fees, transfer fees or seller-cost reimbursements.

• Completion is required 14 days from contract date.

• Property condition and any required works are not evidenced.

Recommendation

Proceed only subject to legal-pack, leasehold-cost and inspection checks. The apparent value gap favours a cautious resale or refinance-led strategy over BTL, as rent evidence is absent.

Strategy Rating

Analysis Confidence

There are five completed same-development sales and clear guide/auction charges, but unit-specific comparable details, rent, service charge, ground rent, condition and special-condition costs are unavailable.