8 High Peak Street, Moston Greater Manchester, M40 3AJ

Description

Flats 1&2, 8 High Peak Street, Moston, M40 3AJ

A superb opportunity for investors to acquire an established income-producing property, understood to be arranged as two self-contained one-bedroom flats.

The property offers an attractive proposition for landlords looking to expand an existing rental portfolio or investors seeking an asset with an immediate income from two separate units. Buyers may also wish to explore the potential for future rental growth, subject to the existing tenancies, condition of the accommodation and all necessary consents.

Situated in the established residential area of Moston, the property is conveniently positioned for a range of everyday amenities, including shops, supermarkets, schools and healthcare facilities. Newton Heath & Moston Metrolink stop and regular bus services are within easy reach, providing convenient connections towards Manchester city centre and the surrounding areas. The nearby Oldham Road also offers good access to the wider Greater Manchester road network.

Tenure / Property Information

Council Tax Band: A; Tenure: Leasehold; Years Remaining on the Lease: 872

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 £175,000 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: £5,000. Allow for inspection-led repairs, decoration, safety/compliance items and contingency.

Rental Value

Both flats are reportedly occupied and currently generate £380 per calendar month, providing a combined rental income of £760 per month and £9,120 per annum. Not yet inspected by Edward Mellor, the accommodation within each flat is understood to comprise a double bedroom, generously sized reception room, fitted kitchen and bathroom.

Low / Base / High Investment Scenario

BTL Analysis

At the starting bid, the gross yield is 29.7%.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £131,250. Against purchase plus works of £143,000, indicative cash left in is £11,750. 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 £28,500. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £140,250. 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

• lease terms, service charge and ground rent must be checked against the legal pack
• thin priced sold-comparable evidence in the supplied scrape

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.