Apartment 503 The Lock Building, 41 Whitworth Street West, Manchester, Lancashire

Description

A two bedroom fifth floor flat presented in clean decorative order. The property benefits from a balcony.

Accommodation

Fifth Floor - Two Bedrooms, Lounge, Kitchen, Utility Room, Bathroom/WC, WC.

Location

Located on Whitworth Street West, accessed off Oxford Street, in the heart of central Manchester. The property is surrounded by a range of shops, restaurants and bars, and is a 2 minute walk from Oxford Road train station. All Saints Park and Hulme Park are nearby. Road links via the A57(M). Transport: Manchester Oxford Road - National Rail.

Tenure / Property Information

Investment Analysis

Same-building Land Registry comparables range from £274,000 to £280,000 in 2025, although the evidence does not confirm that the comparable flats match this apartment's floor, size, condition or bedroom configuration. A base GDV of £277,000 is therefore used, with a supported evidence range of £274,000–£280,000. The guide represents a substantial discount to these comparables, but buyer fees, VAT and seller charges are not provided.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence alone. First verify rent, lease terms, service-charge position, legal-pack charges, VAT treatment and all acquisition costs. Consider only after those checks confirm the apparent discount is genuine.

Works Required

No refurbishment works are evidenced: the flat is described as being in clean decorative order. Obtain a survey and review the lease and special conditions before budgeting for any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV, 75% refinancing is approximately £207,750. However, total acquisition and project costs cannot be calculated because buyer fees, VAT, seller charges and any works allowance are unknown. The approximately 100-year remaining lease term should also be verified with the lease and auction legal pack.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The £4,056.95 annual service charge is material and would reduce net returns; council tax, EPC, management, insurance, finance and other costs are also unavailable.

Flip Analysis

The guide is £110,000 against same-building completed-sale evidence of £274,000–£280,000. This indicates apparent gross resale headroom, but a reliable flip surplus cannot be calculated without buyer/admin fees, VAT, seller charges, refurbishment costs, finance, selling costs and confirmation that the comparables are sufficiently similar.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate is available.

• Annual service charge of £4,056.95 materially affects investment returns.

• Buyer fee, VAT treatment, seller charges and other auction costs are not specified.

• Comparable sales do not confirm matching size, floor, condition or bedroom configuration.

• Lease details and any associated restrictions or charges require legal-pack verification.

• No refurbishment, finance or resale-cost evidence is supplied.

Recommendation

Do not bid on current evidence alone. First verify rent, lease terms, service-charge position, legal-pack charges, VAT treatment and all acquisition costs. Consider only after those checks confirm the apparent discount is genuine.

Strategy Rating

Analysis Confidence

Same-building completed-sale evidence supports a provisional GDV range, but there is no rent evidence, no works budget, no EPC or council-tax data, and several auction costs remain unspecified.