Apartment 6, Douro House, 11 Wellington Road South, Stockport Greater Manchester, SK4 1BF

Description

Apartment 6, Douro House, 11 Wellington Road South

Reportedly comprising a living/kitchen area, bedroom, and shower room.

Service charge and ground rent to be confirmed – please refer to the legal pack.

Please respect the tenant's privacy.

Tenure / Property Information

Tenure: Leasehold; Years Remaining on the Lease: 189

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 £60,000 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

Currently let on a rolling tenancy and reportedly generating £800 per month (£9,600 per annum).

Rental values in the area are typically within the range of £925–£950 per calendar month.

Low / Base / High Investment Scenario

BTL Analysis

At the starting bid, the gross yield is 124.8%.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £45,000. Against purchase plus works of £55,000, indicative cash left in is £10,000. 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 £3,800. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £44,800. 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. 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
• 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.