74 Hodge Road, Walkden Manchester, M28 3AU

Description

74 Hodge Road, Walkden, M28 3AU

Virtual Viewing Available

A superb opportunity to acquire a fully tenanted, six-bedroom HMO investment property situated on Hodge Road in Walkden.

Internally, the accommodation has been configured to provide six well-proportioned bedrooms and five bathrooms, alongside the communal living and kitchen facilities required for a modern HMO investment. The property is currently fully occupied and professionally managed, providing an attractive ready-made investment opportunity for landlords looking to add a strong income-producing asset to their portfolio.

Tenure / Property Information

Council Tax Band: B; 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

No priced sold comparable was captured in the supplied scrape. Base GDV £435,000 is an HB desktop estimate because no priced sold comparable was captured in the supplied scrape; independent sold-evidence research is required before bidding.

Proposed Works

HB desktop works allowance: £40,000. 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

The property has been recently refurbished to a high standard and is currently generating a rental income of £4,080 per calendar month / £48,960 per annum, representing an approximate 14% gross yield based on the guide price.

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 £326,250. Against purchase plus works of £380,000, indicative cash left in is £53,750. 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 £46,300. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £321,050. 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
• thin priced sold-comparable evidence in the supplied scrape
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

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