Apartment 910, West Point, 501 Chester Road, Old Trafford, M16 9QX

Description

Apartment 910, West Point, 501 Chester Road, Old Trafford, M16 9QX

A well-presented one bedroom apartment situated within the popular West Point development, offering an excellent ready-made investment opportunity with a tenant in situ. Located on the 9th floor, the property comprises an open plan living/kitchen area, double bedroom and modern bathroom. West Point also benefits from access to its own gym facility and onsite management team.

Apartment 64, Grove House, 35 Skerton Road, M16 OTU Sold 30/01/2026 £128,000 0.29 mi

Apartment 42, 25 Chorlton Street, M16 9HN Sold 13/02/2026 £110,000 0.17 mi

Tenure / Property Information

Annual Ground Rent: £240.00; Council Tax Band: B; Tenure: Leasehold; Annual Service Charge: £4,160.00; Years Remaining on the Lease: 242

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 £65,000 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

The property is currently let producing an income of £1,000 per calendar month (£12,000 per annum), making it an ideal addition to a buy-to-let portfolio. Based on the guide price, this represents an attractive yield of approximately 16%.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £48,750. Against purchase plus works of £60,000, indicative cash left in is £11,250. 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 £3,700. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £48,950. 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: Flip / Owner Occupier. 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
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Low-Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.