Manchester value-add opportunity: refurbish, refinance, or flip
Manchester · Value-add / flip
Investment opportunity in Manchester: value-add property with strong cashflow and long-term growth potential, plus multiple exit strategies. Enquire now.
The property could benefit from a comprehensive refurbishment programme and has been identified as a suitable opportunity for investors seeking immediate rental income, a BRRR strategy, or a refurbishment and resale project.
Purchase details
- Purchase price: Approximately £180,000
Potential refurbishment budget
- Full refurbishment (optional): Approximately £25,000
End value
- Estimated post-works value: Approximately £260,000
Option 1: Buy-to-let (as is)
Details
- Deposit (25%): Approximately £45,000
- Stamp duty: Approximately £10,000
- Legal & professional fees: Approximately £3,500
- Total capital required: Approximately £58,500
Potential rental performance
- Monthly rent: approximately £1,300/month
- Mortgage payment: approximately £450/month
Details
- Estimated net cashflow (after management, insurance and running costs): Approximately £700/month
- Estimated annual net income: Approximately £8,400
- Cash-on-cash return: Approximately 14% annually
Option 2: BRRR (buy, refurbish, refinance, rent)
Details
- Initial capital required: Approximately £58,500
- Refurbishment: Approximately £25,000
- Total capital deployed: Approximately £83,500
Potential rental performance after refurbishment
The investor retains ownership of the property whilst potentially recycling a substantial proportion of their original capital into future projects.
- Monthly rent: approximately £1,700/month
- Net income after management, insurance, maintenance and other running costs (before mortgage): approximately £1,450/month
- Mortgage payment: approximately £450/month
Details
- Estimated net cashflow: Approximately £1,000/month
- Estimated annual net income: Approximately £12,000
- Estimated post-works valuation: Approximately £260,000
- 75% refinance mortgage: Approximately £195,000
- Capital released through refinance: Approximately £60,000
- Remaining capital in deal: Approximately £23,500
- Cash-on-cash return after refinance: Approximately 51% annually
Option 3: Flip & sell
Details
- Total project cost: Approximately £208,500
- Potential sale price: Approximately £260,000
- Potential profit position: Approximately £51,500 before finance, tax and selling costs
- Estimated net profit: Approximately £36,500 after typical finance, tax and costs
- Return on capital deployed: Approximately 44%
- Return on initial capital required: Approximately 62% (assuming refurbishment is funded through finance)
- Estimated project timeline: Approximately 4 to 6 months from purchase to resale
In simple terms
This opportunity offers three potential strategies depending on the investor's objectives. It can be acquired as a straightforward buy-to-let producing immediate income, refurbished and refinanced to recycle capital whilst significantly increasing cashflow, or repositioned and sold for a shorter-term profit.
With strong value-add potential, substantial equity creation, and multiple exit routes, the property offers attractive opportunities for both cashflow-focused and growth-focused investors.
Please note that whilst the figures above assume a standard 25% deposit buy-to-let purchase, the property may also be suitable for buyers wishing to purchase with a residential mortgage and a lower deposit, subject to lender criteria and individual circumstances.
If this opportunity is of interest, we encourage you to get in touch with us today to discuss the property in more detail. All opportunities are offered on a first-come, first-served basis and remain available only until reserved.
Entry cash from £58,500.
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