Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · SK4 1HY
For saleReduced £10k (−5.3%) on 20 OctListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire a two bedroom terraced home on Parsonage Street, offering a well-proportioned layout across three levels including a full-length cellar.
While the property now requires updating throughout, it presents a fantastic canvas for a buyer looking to put their own stamp on a home with genuine scope to add value.
Heaton Norris is one of Stockport's popular "Four Heatons" neighbourhoods, well known for its period red-brick terraces with classic bay-window frontages.
The area sits close to Stockport town centre, with its wide range of shops, bars and restaurants, and is within easy reach of Stockport railway station for fast, direct services into Manchester.
Nearby Heaton Norris Park offers green open space and elevated views across the Stockport skyline, while good road links via the M60 make this a convenient spot for commuters.
The property is entered via the hallway, with stairs rising to the first floor. To the front of the house sits a bright living room, with a bay-fronted window elevation.
This flows through to a generous dining area, creating a sociable open feel between the two reception spaces. To the rear, the extended galley-style kitchen completes the ground floor.
Upstairs, the landing leads to two bedrooms. Bedroom one, to the front is a bright double room, while bedroom two, would equally suit use as a home office or nursery. A bathroom serves both bedrooms.
A particular feature of this home is the full cellar, accessed via its own staircase - ideal for storage or, subject to any necessary consents, further development potential.
With a practical room layout and the addition of a cellar, this is a home best suited to a buyer with vision. Early viewing is recommended to appreciate the potential on offer.
Auctioneer Comments: This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the `Reservation Period`).
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £ 349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £ 6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £ 450.00.
These services are optional.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 61, Parsonage Street, Greater Manchester
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