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Hobart Street, Abbey Hey, Greater Manchester, M18
Hobart Street, Abbey Hey, Greater Manchester
Hobart Street, Abbey Hey, Greater Manchester, M18
Sold
£115,000+
Key Features
Hobart Street, Abbey Hey, Greater Manchester
Guide price £115,000+
Auction 9–10 September 2026
Suggested strategy: BRRR / Buy-to-Let
Description
Hobart Street, Abbey Hey, Greater Manchester, M18. Edward Mellor 9–10 September 2026 online auction. Published guide £115,000. Current catalogue status: Available.
Location
Located in the M18 postcode area. Coordinates are populated for mapping from the postcode area where the catalogue does not expose a property-level geocode.
Investment Analysis
Investment Snapshot
Guide Price | £115,000+ |
Refurbishment Budget | HB indicative £20,000–£40,000 |
Purchase + Works | £135,000–£155,000 |
Estimated GDV | £155,250–£201,250 |
Estimated Private Rent | £700–£925 pcm |
Potential Annual Rent | £8,400–£11,100 pa |
Gross Yield on Purchase | 7.3%–9.7% |
Gross Yield on Total Project Cost | 5.4%–8.2% |
Suggested Strategy | BRRR / Buy-to-Let |
Strategy Recommendation
Initial strategy: BRRR / Buy-to-Let. Verify legal pack, condition, finance, rents and local comparable evidence before setting a maximum bid.
Works Required
Obtain a survey and contractor quotations. Allow for services testing, compliance, decoration and property-specific kitchen, bathroom, roof, damp, structural, common-parts or external works.
Rental & Market Context
HB rental figures are appraisal estimates rather than auctioneer-stated rents unless specifically confirmed on the source listing. Verify with current local letting evidence.
Sold within approximately 5 miles
Check Land Registry and closely matched local sold evidence before bidding; no unverified comparable addresses or prices have been inserted.
Potential BRRR Position
Illustrative 75% refinance on the HB value range is approximately £116,438–£150,938.
Flip Analysis
Indicative gross spread before transaction/finance costs is approximately £250–£66,250. This is not profit and excludes SDLT, fees, finance, holding costs, contingency, selling costs and tax.
Investor Risks & Due Diligence
Review the legal pack, title, tenure, occupancy, special conditions, buyer fees, survey, services, EPC, planning/building regulations, finance, insurance and local rental/sold evidence.
Recommendation
Proceed only where verified total project cost supports the intended brrr / buy-to-let strategy with adequate contingency and margin.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆
Auction Details :
Edward Mellor
Auction Date :
09/09/26
Lot Number :
Property Location:
Hobart Street, Abbey Hey, Greater Manchester, M18
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