Flat 1, 132 Dickenson Road, Manchester, Lancashire, M14 5HT

Description

Description A well-presented ground-floor studio apartment available via Auction August 2026 Offered to the market with with tenant in situ, making it an ideal opportunity for first-time investors and property professionals with an 11% yield. The accommodation comprises a bright and versatile open-plan living/sleeping area, a recently refitted contemporary kitchen with modern units, and a stylish, recently refurbished shower room. New flooring has been installed throughout, creating a fresh, modern finish ready for immediate occupation. Ideally positioned on Dickenson Road, the property enjoys excellent access to a wide range of local amenities including supermarkets, cafés, restaurants, takeaways, and everyday convenience stores. Manchester City Centre is easily reached via regular bus services, while the nearby universities, hospitals, and major employment centres make this a particularly attractive location for students, healthcare professionals, and commuters alike. A low-maintenance property in a sought-after and well-connected location, offering excellent investment potential. We have been advised the tenancy is now on a rolling monthly contract. The tenant is currently paying £600PCM and is happy to stay on for a longer-term contract.

Location

Flat 1, 132 Dickenson Road, Manchester, Lancashire, M14 5HT

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Income Investment / Buy-to-Let. Confirm this against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Obtain a condition / structural survey

• Electrical and heating checks

• Allow for decoration and repairs

• Kitchen and bathroom modernisation

• Flooring and full internal decoration

• Review tenancy documents, rent history and landlord compliance

HB initial works allowance: £5,000–£12,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

The auction particulars state current rental income of approximately £7,200 per annum. For initial appraisal only, HB estimates market rent at approximately £800–£975 pcm (£9,600–£11,700 pa). This is an HB estimate and should be verified against current local lettings.

GDV / Resale Analysis

HB indicative post-works / stabilised value range: £57,750–£63,249. This is an appraisal estimate only, not a RICS valuation. Verify against recent genuinely comparable sold evidence.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied scrape, so no unverified addresses or sold prices have been inserted. Check recent Land Registry / local comparable evidence before setting a maximum bid.

Potential BRRR Position

Illustrative middle case: guide £55,000 plus midpoint works of £8,500 gives about £63,500 before acquisition/finance costs. At the midpoint HB value of £60,500, an illustrative 75% refinance is about £45,375, leaving approximately £18,125 of purchase/works capital before transaction costs.

Flip Analysis

Midpoint HB value £60,500 less guide and midpoint works gives an initial gross spread of about £-3,000. This is not profit: SDLT, auction fees, legal fees, finance, holding costs, utilities, insurance, selling fees and contingency must also be deducted.

Investor Risks & Due Diligence

• Review the full legal pack, title and special conditions

• Confirm buyer's premium / auction administration charges and completion timetable

• Obtain a suitable condition or structural survey

• Verify refurbishment quotations and contingency

• Verify current rental evidence and recent comparable sales

• Confirm lender requirements, valuation and exit finance

• Verify tenancy agreements, deposits, rent history and landlord compliance

Recommendation

Initial recommendation: Income Investment / Buy-to-Let. Proceed only if the legal pack, condition, funding and exit-value evidence support the proposed maximum bid.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★☆☆ | Flip/Resale: ★★★☆☆