Apartment 625, X Q 7 Building, Taylorson Street South, Salford, Lancashire

Description

Upon Instruction of Countrywide. Leasehold sixth floor flat.

Accommodation

One bedroom, reception room open plan to kitchen, bathroom/wc

Location

The property is located on Taylorson Street South. Shopping amenities are available locally within Salford City Centre to the north and Manchester City Centre to the east. Public transport links include Manchester Oxford Road train station to the east and local bus and tram services. Road links include the A5063 to the west and the A5066 to the south. Recreational pursuits are available at Ordsall Park to the north.

Tenure / Property Information

Investment Analysis

Completed sales in the same building range from £50,000 to £162,500, including £64,000 on 27 February 2026 and £162,500 on 24 July 2026. The evidence does not identify flat size, floor, condition or exact unit comparability beyond the building. A provisional base GDV of £120,000 is used, with a wide evidence-based range of £64,000 to £162,500.

Investment Snapshot

Strategy Recommendation

Proceed only after obtaining the leasehold information pack, service charge, ground rent, special conditions, exact unit comparables and inspection evidence. Do not rely on the apparent GDV spread as a confirmed margin.

Works Required

No specific defects or refurbishment requirements are stated. Allow for inspection and verification of condition only; no works budget is included.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £120,000 base GDV, 75% refinancing equates to £90,000. Against the £66,800 guide-price acquisition cost including the known £1,800 documentation fee, this indicates £23,200 of potential gross cash release before finance, tax, valuation, works and other completion costs. The result is highly sensitive to the uncertain GDV and unknown leasehold charges.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Ground rent and service charge are also unknown and could materially affect net returns.

Flip Analysis

The provisional base GDV of £120,000 exceeds the £66,800 guide-plus-known-documentation-cost figure by £53,200 before selling costs, finance, tax, works and any other completion charges. A formal flip surplus is not stated because no supported selling allowance or works budget is available. The wide same-building sales range makes the estimate unreliable without exact-unit and condition evidence.

Investor Risks & Due Diligence

• Very wide variation in same-building completed sale prices creates substantial GDV uncertainty.

• Annual service charge and ground rent are unknown, including review and increase provisions.

• No sufficiently specific rental evidence is available, preventing a supported yield assessment.

• The seller may charge additional completion fees under the special conditions, but amounts are not supplied.

• Condition, parking and heating details are not supplied.

• The guide-plus-known-cost calculation excludes finance, tax, works and any unknown completion costs.

Recommendation

Proceed only after obtaining the leasehold information pack, service charge, ground rent, special conditions, exact unit comparables and inspection evidence. Do not rely on the apparent GDV spread as a confirmed margin.

Strategy Rating

Analysis Confidence

There are several completed sales in the same building, but prices vary substantially and the evidence lacks exact-unit comparability, condition, rental income, service charge, ground rent and potentially applicable seller fees.