Modern Method of Auction
Auction date not yet published
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 terraced house · M28 3HL
Sold STCReduced £15k (−10%) on 16 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* For Sale by Modern Method of Auction: Starting Bid Price £150,000 Plus Reservation Fee * * Calling All Investors and First Time Buyers - Requiring Some Cosmetic Refurbishment with Excellent Potential - Superb Garden Fronted Terraced Home With a Spacious Lounge, Separate Dining Room, Fitted Breakfast Kitchen, Three Piece Shower Room to the Ground Floor with Two Bedrooms and a Further Three Piece Shower Room to the First Floor, Garden Fronted and Generous Private Garden to the Rear and Located Within a Popular Residential Area With Easy Access into Manchester City Centre, No Chain Involved * This is a superb opportunity to purchase a fantastic home that offers well-proportioned living space that includes an entrance lobby, spacious lounge, separate dining room, fitted breakfast kitchen with integrated appliances, utility room, a three piece shower room/wc to the ground floor, with a first floor landing, two good sized bedrooms and a further three piece shower room.
The property is garden fronted whilst to the rear, a fabulous garden can be found which is private and not overlooked, providing excellent space for relaxing and al-fresco entertaining.
There is also a plot of land to the rear which is rented from Peel Holdings at an approximate cost of £120.00 per year that should be transferable to a new owner.
On this land stands a garage and a parking space. There is on road parking to the front.
Situated within the ever popular area of Worsley on the outskirts of Manchester, the property sits within easy access to a host of local amenities and is well placed for major transport links making it ideal for commuting into Manchester City Centre, Salford Quays and across the North West.
This property requires some cosmetic refurbishment however once completed would provide an excellent first time buyer home or excellent to let investment.
Rarely do home of this type come to the market at such an attractive price, especially with the added benefit of No Chain involved.
As such an early viewing is strongly advised to avoid disappointment.
• Auction Terms This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Garden Gardens Front and Rear
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
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FAQ
About 409 Manchester Road, Manchester
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