99 Hamilton Road, Manchester, M13 0AE, Longsight

Description

TO BE SOLD VIA ONLINE AUCTION ON SEPTEMBER 30TH – OCTOBER 1ST UNLESS SOLD PRIOR UNDER AUCTION TERMS

99 Hamilton Road, Longsight, M13 0AE

A unique opportunity to acquire a spacious FIVE-BEDROOM PROPERTY arranged over FOUR FLOORS, having undergone a substantial renovation incorporating a range of high-tech features whilst retaining a number of characterful features throughout. In brief, the property comprises an entrance hallway, reception room, living room, kitchen/diner and bathroom to the ground floor. The first floor provides three double bedrooms, one with an en-suite, together with a family bathroom, with all bedrooms benefiting from fitted wardrobes. The second floor offers two further double bedrooms, both with fitted wardrobes, one of which benefits from an en-suite. The cellar has been thoughtfully converted to provide a games room/gym, large study and additional storage, offering versatile space for modern family living. Externally, there are low-maintenance front and rear yards.

Here are a some similar properties taken from Land Registry sold close by highlighting the potential:

Tenure / Property Information

Council Tax Band: C; 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 £360,000 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: £30,000. 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 supplied scrape did not provide a reliable local rental benchmark. Obtain current letting-agent evidence before relying on a BTL yield.

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 £270,000. Against purchase plus works of £310,000, indicative cash left in is £40,000. 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 £42,800. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £268,800. 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

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.