Land North West Side Of Kirkmanshulme Lane, Longsight Greater Manchester, M12 4WA

Description

Former Longsight Railway Station Site, Land on the North West Side of Kirkmanshulme Lane, Manchester, M12 4WA.

Approximately 809 sq m (0.20 acres / 0.08 hectares)

An exciting opportunity to acquire a substantial parcel of land offering potential for redevelopment or alternative uses, subject to the necessary planning consents.

Benefitting with access directly from Kirkmanshulme Lane and situated within an established residential and commercial area, providing excellent connectivity to Manchester city centre and the surrounding districts.

Tenure / Property Information

Tenure: Freehold

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

151–153 Lees Street, Abbey Hey, approx. 519 sqm, sold for £190,000 October 2024

Land adjacent to 30 Melling Street, Longsight, approx. 428 sq m, marketed at £150,000 in 2024.

HB Base GDV £170,000 is based on the median of sold comparables quoted in the auctioneer’s scraped description.

Proposed Works

A conventional refurbishment allowance is not appropriate. Commission a development feasibility, planning review, measured survey and cost plan before bidding.

Rental Value

The supplied scrape did not provide a reliable local rental benchmark. Obtain current letting-agent evidence before relying on a BTL yield.

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 £127,500. Against purchase plus works of £140,000, indicative cash left in is £12,500. 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 £26,600. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £141,100. 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: Development / Land Hold. 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

Development ★★★★☆; Land Hold ★★★☆☆

Key Risks

• planning consent, access, utilities and abnormal development costs

Analysis Confidence

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