Apartment 706 City View, Salford, Lancashire, M7 4ZU

Description

A one bedroom seventh floor flat comprising hallway, lounge, kitchen, one bedroom and bathroom.

Accommodation

Hallway, lounge, kitchen, one bedroom and bathroom

Location

Located approximately 2 miles from Manchester City centre and close to local shops and schools, with good transport links.

Tenure / Property Information

Investment Analysis

Five completed sales at the same City View development/postcode range from £55,000 to £95,000. The median is £75,000, used as the base GDV; £55,000 and £95,000 are used as evidence-supported low and high scenarios. The individual flat specifications and condition of the sold comparables are not confirmed, so this is an indicative range rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal, leasehold and physical due diligence. The evidence suggests potential value below recent same-development sales, but missing rent, condition, service charge, major-works and full-cost information prevents a firm BTL, BRRR or flip recommendation.

Works Required

No condition issues or required works are supplied. Obtain a survey and confirm the flat’s internal condition, communal-area obligations, service charge, major works exposure and compliance before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £75,000 base GDV, 75% refinance would be £56,250. A cash-left-in calculation cannot be completed because refurbishment costs, full acquisition costs and other charges are unknown. The apparent value gap against the £40,000 guide requires confirmation of condition, leasehold costs and the comparables’ exact specifications.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The guide is £40,000, but rent, service charge, other leasehold costs and full acquisition costs are unknown. At the guide, the known buyer premium is £1,560 and the admin charge is £3,600 because the 2.75% calculation is below the stated minimum, before any additional fees.

Flip Analysis

The comparable sales indicate a gross resale range of £55,000–£95,000, with a £75,000 median. A reliable flip surplus cannot be calculated because works, full purchase costs, additional auction fees and selling costs are not supplied. The £40,000 guide is not a guaranteed purchase price.

Investor Risks & Due Diligence

• The sold comparables’ exact flat specifications, floors, condition and transaction circumstances are not confirmed.

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

• Refurbishment and repair requirements are unknown.

• Service charge, ground rent and potential major works liabilities are not supplied.

• Additional search, seller, legal, transfer and other special-condition fees may apply.

• The £40,000 figure is only the auction guide and may not be the final purchase price.

Recommendation

Proceed only subject to legal, leasehold and physical due diligence. The evidence suggests potential value below recent same-development sales, but missing rent, condition, service charge, major-works and full-cost information prevents a firm BTL, BRRR or flip recommendation.

Strategy Rating

Analysis Confidence

Same-development completed sales support an indicative GDV range, but there is no rental evidence, condition assessment, refurbishment budget, service-charge information or complete schedule of auction costs.