54 Hamnett Street, Droylsden, Manchester, Lancashire, M43 6LW

Description

A Vacant Two Bedroom Mid Terrace House in Need of Refurbishment. The property comprises a two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen. First Floor: Two Bedrooms, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hewlett Johnson Playing fields are within easy reach. Transport links are provided by Gorton rail station.

Tenure / Property Information

Investment Analysis

The £35,000+ guide is the only purchase-price evidence supplied. No HM Land Registry sold comparables or formal GDV evidence is provided. The nearby £1,300 pcm Clayton listing is an advertised asking rent, not an achieved rent, and is not sufficiently property-specific to support a valuation or reliable yield calculation for this Droylsden property.

Investment Snapshot

Strategy Recommendation

Do not set a bid or pursue a strategy until the legal pack, inspection, refurbishment quotations, local sold comparables and reliable rental evidence have been reviewed.

Works Required

Refurbishment is required, but the evidence does not specify the condition, defects, required trades or scope. Obtain a full inspection and contractor quotations before bidding.

Rental & Market Context

Potential BRRR Position

BRRR analysis cannot be completed because there is no supported GDV, refurbishment budget or reliable property-specific rent. The property is vacant and freehold, but refinance capacity cannot be assessed without valuation evidence and full project costs.

Buy-to-Let Analysis

The only rental evidence is a £1,300 pcm advertised asking rent for a two-bedroom house in Clayton, M11. It is not an achieved rent and cannot reliably establish rent for this Droylsden property. BTL yield cannot therefore be established. The £1,800 inc VAT admin charge is known, while buyer premium and any disbursements remain unspecified.

Flip Analysis

A flip surplus cannot be calculated because no sold comparables, GDV, refurbishment allowance or selling-cost allowance is supplied. The guide price alone is insufficient to establish a resale margin.

Investor Risks & Due Diligence

• Refurbishment scope and cost are unknown.

• No HM Land Registry sold comparables or other GDV evidence is supplied.

• The only rental figure is an advertised asking rent from Clayton, M11, rather than an achieved rent for Droylsden.

• Buyer premium and potential legal-pack disbursements are unspecified.

• EPC, council tax and heating information are not supplied.

• The property is vacant and requires refurbishment, creating potential holding and completion-cost exposure.

Recommendation

Do not set a bid or pursue a strategy until the legal pack, inspection, refurbishment quotations, local sold comparables and reliable rental evidence have been reviewed.

Strategy Rating

Analysis Confidence

Evidence confirms the basic property description, vacancy, tenure, guide and admin charge, but provides no sold comparables, GDV, condition detail, works costs, EPC, council tax, achieved rent or complete fee schedule.