60 Westcroft Road, Withington Manchester, M20 6EF

Description

60 Westcroft Road, Withington, Manchester, M20 6EF

The property has not been inspected by Edward Mellor Auctions but is reported to comprise an entrance hallway, living room, separate fitted kitchen, downstairs WC and understairs storage. To the first floor are three double bedrooms and a shower room.

The property is also reported to benefit from gas central heating and a south-facing rear garden.

7 Erica Drive, Manchester, M19 1NP Sold - 30/04/2026 £300,000 3 bed Terraced 0.32 mi

Tenure / Property Information

Council Tax Band: A; Tenure: Freehold

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

7 Erica Drive, Manchester, M19 1NP Sold - 30/04/2026 £300,000 3 bed Terraced 0.32 mi

5 Erica Drive, Manchester, M19 1NP Sold - 10/04/2026 £286,000 3 bed Terraced 0.32 mi

219 Parrs Wood Road, M20 6EE Sold - 27/05/2026 £275,000 3 bed Terraced 0.08 mi

HB Base GDV £286,000 is based on the median of sold comparables quoted in the auctioneer’s scraped description.

Proposed Works

HB desktop works allowance: £25,000. Budget assumes a meaningful refurbishment programme: kitchens/bathrooms where required, decoration, flooring, repairs, compliance items and contingency. Structural or hidden defects are excluded.

Rental Value

We are advised that this furnished three-bedroom terraced property has recently been renovated and is currently tenanted at £1,000 per calendar month, producing an annual rental income of £12,000.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £214,500. Against purchase plus works of £235,000, indicative cash left in is £20,500. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £45,280. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £212,380. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: BTL / BRRR. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★☆☆☆; BRRR ★★★★☆; Flip ★★★★☆

Key Risks

• refurbishment scope and cost overrun
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.