Flat 32, Jutland House, 15 Jutland Street, Manchester

Description

Situated at Paradise Wharf, directly opposite the 5 star Dakota Hotel, Piccadilly Station 0.2 miles. The flat is situated on the 4th floor of this attractive, modern development and is let, producing £1100 pm.

Accommodation

Fourth Floor: Entrance hall, open plan living room and kitchen, main bedroom with en-suite shower room, second bedroom, bathroom.

Location

Situated at Paradise Wharf, directly opposite the 5 star Dakota Hotel; Piccadilly Station is 0.2 miles away.

Tenure / Property Information

Investment Analysis

Same-building Land Registry evidence ranges from £186,148 to £215,000, with the most recent recorded sale at £200,000 on 6 October 2025. A base GDV of £200,000 is supported, with a cautious evidence-based range of £195,500–£215,000. Exact flat identity, size, lease terms and specification are not confirmed.

Investment Snapshot

Strategy Recommendation

Conditional BTL or BRRR purchase, subject to verification of the lease, service charges, legal pack, rent evidence and any additional auction costs. Do not treat the apparent margin as a flip profit without supported selling and works allowances.

Works Required

No refurbishment works are evidenced. Allow for inspection, compliance checks and any minor repairs only after reviewing the legal pack and viewing information; no numeric works allowance is assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £160,000 guide, the known buyer premium and no assumed works, the base acquisition cost is £162,340. A 75% refinance against the £200,000 base GDV would be £150,000, implying approximately £12,340 of capital remains in before finance, tax and any omitted costs. This is dependent on lender valuation, mortgageability, lease terms and all special-condition costs.

Buy-to-Let Analysis

At the stated rent of £1,100 pcm, annual gross rent is £13,200 and the gross yield is 8.25% on the £160,000 guide or 8.13% including the £2,340 buyer premium. Net yield cannot be established because service charge, ground rent, management, maintenance, insurance, finance and other costs are not supplied. The rent is not independently supported by a specific external rental comparable.

Flip Analysis

The £200,000 base GDV indicates £37,660 of gross headroom over the guide plus the known buyer premium, before selling costs, finance, tax and any works. A reliable flip surplus cannot be calculated because selling costs and refurbishment costs are unsupported.

Investor Risks & Due Diligence

• Tenure and lease details are not supplied, so remaining term, restrictions and mortgageability are unconfirmed.

• Service charge, ground rent and other ongoing apartment costs are not supplied, preventing a net-yield assessment.

• The £1,100 pcm rent has no sufficiently specific external rental comparable and should be verified as passing rent.

• Special Conditions of Sale may contain additional fees beyond the stated £2,340 buyer premium.

• The sold comparables identify the building but do not confirm that they are the same flat or have identical size and specification.

Recommendation

Conditional BTL or BRRR purchase, subject to verification of the lease, service charges, legal pack, rent evidence and any additional auction costs. Do not treat the apparent margin as a flip profit without supported selling and works allowances.

Strategy Rating

Analysis Confidence

Same-building completed-sale evidence and stated passing rent are available, but the subject lease, service charges, condition, exact comparable identity, EPC and potential additional auction costs are not supplied.