1-bedroom flat · OL10 2AE
Listing removedListed 22 daysAuction 20 Oct · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity!!
Ground floor apartment being sold with a tenant in situ.
A fantastic opportunity to add to an existing portfolio or start with an already tenanted investment producing an income of £525.00 pcm / £6,300 pa which equates a gross yield of 14% when based on the guide price.
This apartment comprises: reception/inner hall, generous open plan lounge/kitchen, double bedrooms and bathroom/w.c.
Externally there is a residents car park.
Conveniently located just off Manchester Road, Biwater House offers easy access to the M62 motorway.
The flat is within close proximity to shops, amenities, and transport links, ensuring a convenient lifestyle for residents.
Auction House Manchester are yet to inspect the property, pictures provided dated Aug 2024.
Lease term - 125 years from January 2016 Ground Rent - £700 Service Charge - £1,893.70 pa for Jan 26 - Dec 26
Tenure
Leasehold
ACCOMMODATION
Living Room Kitchen Bedroom Bathroom
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - In addition to the deposit Purchasers will be required to pay an administration fee of 1.5% inc VAT, subject to a minimum of £2,100 inc VAT.
Disbursements - Search Fees: £360 inc VAT. Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3 Biwater House, Gregge Street, Heywood, OL10 2AE
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