Apartment 7 Metropolitan House, Old Trafford, Lancashire, M16 9HW

Description

A well-presented, fully furnished one-bedroom apartment situated in the popular area of Old Trafford, in close proximity to Salford Quays, offering access to the city centre, local amenities, Salford University and transport links. The property is described as an investment opportunity. The listing also states: “1 BED FURNISHED APARTMENT FOR SALE BY AUCTION 17tH- 18TH AUGUST” and “FOR SALE VIA ONLINE AUCTION ON MONDAY 17TH AUGUST AT 1PM UNTIL TUESDAY 18TH AUGUST 11AM.”

Accommodation

1 bedroom, bathroom, fitted kitchen; fully furnished apartment.

Location

Close to local amenities within Old Trafford; close proximity to Salford Quays, the city centre, Salford University and transport links.

Tenure / Property Information

Investment Analysis

Five completed Land Registry sales at Metropolitan House are evidenced between £122,500 and £136,000, with a simple midpoint of £129,250. Because the comparables do not identify bedroom count, floor, size, condition or exact unit, they support only an indicative GDV range rather than a formal valuation. A base GDV of £131,000 is used as a practical central estimate, subject to legal-pack and unit-specific verification.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and confirming lease, service charges, restrictions, EPC implications and achievable rent. At the supplied evidence level, this is a due-diligence-led purchase rather than an underwritten BTL, BRRR or flip opportunity.

Works Required

No refurbishment works are evidenced. The apartment is described as well-presented and fully furnished. Confirm the condition, contents, lease, service-charge position and any compliance requirements before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £131,000 base GDV, 75% refinance would be approximately £98,250. Cash left in cannot be calculated reliably because the purchase price, refurbishment allowance, lease-related costs, disbursements and other completion costs are not established. Legal-pack review is essential before considering a BRRR strategy.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The EPC is rated E, and the legal pack, lease terms, service charges and any letting restrictions remain unknown. Do not rely on the apparent GDV discount without confirming achievable rent and running costs.

Flip Analysis

The completed sales indicate an indicative resale range of £122,500–£136,000, but the unit-specific comparison is limited. A reliable flip surplus cannot be calculated because the eventual purchase price, works, selling costs and disbursements are unknown. The stated buyer premium and admin charge total £3,600, with further possible special-condition costs.

Investor Risks & Due Diligence

• Subject tenure and lease terms are not supplied.

• No sufficiently specific rental evidence is available, so income and yield cannot be assessed.

• EPC rating E may affect letting, compliance and improvement requirements.

• Service charges, ground rent and any restrictions are unknown.

• Buyer premium and admin charge total £3,600, while further disbursements and special-condition costs may apply.

• The sold comparables do not confirm bedroom count, size, floor, condition or exact unit similarity.

• The auction guide is not evidence of market value or a guaranteed purchase price.

Recommendation

Proceed only after reviewing the legal pack and confirming lease, service charges, restrictions, EPC implications and achievable rent. At the supplied evidence level, this is a due-diligence-led purchase rather than an underwritten BTL, BRRR or flip opportunity.

Strategy Rating

Analysis Confidence

Completed sales provide useful same-building evidence, but the comparables lack unit-specific details and there is no rental evidence, tenure information, lease data, service-charge data, works budget or complete cost schedule.