2 Bed Flat, Single Let, Wallasey, CH45 5DL, £60,000

128C Rake Lane, Wallasey, Wirral, CH45 5DL - 5 views - 2 years ago

Leasehold
BTL
ROI: 16%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£53K - £230K
Sold Prices/m²£768/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£78,650
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,150

Total Cash In

£18,150

 

 

Cash Out

 

Rent Range

£525 - £1,950

Rent Estimate

£600

Running Costs/mo

£328

Cashflow/mo

£273

Cashflow/yr

£3,270

ROI

18%

Gross Yield

12%

Local Sold Prices

42 sold prices from £53K to £230K, average is £123.5K. £768/m² to £2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£82.5K10/200.17 miFlat 17, Penkett Court, Penkett Road, Wallasey, Merseyside CH45 7RQ2
£130K10/210.2 miGround Floor Flat, 197, Rake Lane, Wallasey, Merseyside CH45 5DQ2
£142.5K12/220.23 mi80a, Seabank Road, Wallasey, Merseyside CH45 7PG2
£137.5K02/210.31 mi28a, Holland Road, Wallasey, Merseyside CH45 7RB2
£105K02/210.32 mi33, Hertford Drive, Wallasey, Merseyside CH45 7PU2
£125K04/210.33 mi44, Hertford Drive, Wallasey, Merseyside CH45 7PX2
£66K01/210.37 miFlat 6, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN2
£91.3K05/230.37 miFlat 13, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN2
£90K12/220.37 miFlat 4, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN2
£117K09/210.37 mi41, Caithness Drive, Wallasey, Merseyside CH45 7PN2
£138K12/200.38 mi6, Caithness Drive, Wallasey, Merseyside CH45 7PW2
£110K07/230.44 mi225c, Seaview Road, Wallasey, Merseyside CH45 4PD2
£75K04/220.47 mi67a, Greenwood Lane, Wallasey, Merseyside CH44 1DD2
£87K02/220.53 mi44a, Belgrave Street, Wallasey, Merseyside CH44 1BR2
£140K03/230.55 miFlat 3, Willow Garth, St Georges Mount, Wallasey, Merseyside CH45 9LQ2
£75K07/230.59 mi63a, Serpentine Road, Wallasey, Merseyside CH44 0AU2
£110K12/220.59 mi4a, Hamlet Road, Wallasey, Merseyside CH45 6UT2
£122K01/230.6 mi7a, Sidney Avenue, Wallasey, Merseyside CH45 9JL2
£120K02/230.64 mi2, St Lucia Road, Wallasey, Merseyside CH44 8BW2
£211.5K11/210.64 mi25, Hamilton Road, Wallasey, Merseyside CH45 9JF2
£145K09/210.69 mi15a, Dudley Road, Wallasey, Merseyside CH45 9JP2
£170K10/220.7 mi12a, Dudley Road, Wallasey, Merseyside CH45 9JP2
£160K07/210.78 miFlat 10, Warren Hurst, Montpellier Crescent, Wallasey, Merseyside CH45 9HZ2
£175K03/210.78 miApartment 7, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH2
£175K02/210.78 miApartment 4, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH2
£195K07/230.79 miGround Floor Flat, 12, Ennerdale Road, Wallasey, Merseyside CH45 0LY2
£150K02/230.8 mi27, Waterloo Road, Wallasey, Merseyside CH45 2JN2
£133K04/230.8 mi65, Victoria Parade, Wallasey, Merseyside CH45 2PH2
£125K03/230.8 mi59, Victoria Parade, Wallasey, Merseyside CH45 2PH2
£135K05/210.84 miFlat 1, Pier House, Tower Promenade, Wallasey, Merseyside CH45 2JY2
£150K10/220.85 miFlat 18, Pier House, Tower Promenade, Wallasey, Merseyside CH45 2JY2
£142K11/200.87 mi56c, Warren Drive, Wallasey, Merseyside CH45 0JT2
£107K10/220.88 mi33, Marymount Close, Wallasey, Merseyside CH44 5AA2
£90K03/220.88 mi51, Marymount Close, Wallasey, Merseyside CH44 5AA2
£89K04/210.88 mi28, Marymount Close, Wallasey, Merseyside CH44 5AA2
£92K06/210.88 mi34, Marymount Close, Wallasey, Merseyside CH44 5AA2
£87K12/200.9 miFlat 3, St Georges Court, St Georges Road, Wallasey, Merseyside CH45 3NF2
£230K04/210.9 mi2, St Georges Road, Wallasey, Merseyside CH45 3NE2
£90K06/230.9 miFlat 10, Portland Court, Wellington Road, Wallasey, Merseyside CH45 2NQ2
£122K11/220.9 miFlat 4, St Georges Court, St Georges Road, Wallasey, Merseyside CH45 3NF2
£149K03/230.92 miFlat 16, Pinetree Court, Wallasey Village, Wallasey, Merseyside CH44 2DH2
£53K04/210.97 mi22, Clarendon Road, Wallasey, Merseyside CH44 8EL2

Local Rents

47 rents from £525/mo to £1.9K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£67503/240.13 miPenkett Road, Wallasey, CH452
£67503/240.17 miWithens Lane, Wallasey, Wirral, CH452
£65004/240.25 miLaburnum Road, Wallasey, CH45 5ES2
£82503/240.26 miStratton Close, Wallasey, Wirral, CH45 2
£57503/240.26 miSeabank Road, Wallasey, Wirral2
£69505/240.27 mi-2
£65005/240.27 miSelby Street, Wallasey, CH452
£69505/240.27 miSelby Street, Wallasey, CH452
£70004/240.3 miThirlmere Drive, Wallasey2
£60012/230.3 mi-2
£67505/240.32 miUrmson Road, Wallasey2
£75004/250.33 mi-2
£87503/240.33 miTavern House, Magazine Lane, Wallasey CH452
£72504/240.34 miCoronation Avenue, Wallasey, Wirral2
£67504/240.34 miCoronation Avenue, Wallasey2
£60005/240.35 mi-2
£75003/240.38 miRowson Street, New Brighton, Wirral2
£85003/240.39 miWarwick Drive, Wallasey, Merseyside, CH452
£67503/240.4 miHolland Road, Wallasey2
£77503/240.4 miRowson Street, WALLASEY2
£1,69505/240.41 mi-2
£1,57505/240.41 mi-2
£1,90001/250.41 mi-2
£1,87512/240.41 mi-2
£1,95002/250.41 mi-2
£1,90004/250.41 mi-2
£1,90004/250.41 mi-2
£75005/240.41 miRowson Street, New Brighton, Wallasey2
£62503/240.47 miEaton Street, Liscard, CH442
£75005/240.47 miFairview Avenue, Wallasey, Wirral2
£69503/240.47 miFairview Avenue, Wallasey2
£1,00004/240.47 miStoneyhey Road, Wallasey, CH452
£60009/240.48 mi-2
£65004/240.48 miFairview Avenue, Wallasey, CH452
£65003/240.5 miFairview Avenue, Wallasey, Wirral2
£67512/230.51 mi-2
£69504/240.52 miSilverlea Avenue, Wallasey, Wirral, CH452
£65003/240.54 miBelgrave Street, Liscard, CH442
£70003/240.55 miPark Street, Wallasey2
£75003/240.55 miDalmorton Road, Wallasey2
£62505/240.57 miMoseley Avenue, Wallasey, CH452
£79503/240.57 miRowson Street, Wallasey2
£87503/240.58 miThe Warren, Grove Road, Wallasey2
£65003/240.58 miSerpentine Road Wallasey2
£52503/240.61 miKing Street, Wallasey, CH442
£52504/240.61 mi-2
£69504/240.62 mi-2

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £60,000

December 4, 2024

Listed for £65,000

January 5, 2023

Floor Plans

Description

  • Leasehold TBC +
  • Second Floor Flat +
  • 971 Sq ft (approx) +
  • Two Double Bedrooms +
  • Four Piece Bathroom +
  • Breakfast Kitchen & Large Living Room +
  • Centrally Located +
  • Within Close proximity to Amenities & Transport +
  • Excellent Buy To Let Investment +

Calling all buy to let investors!
This top floor flat comprises of a breakfast kitchen, a large living room come diner, plus two double bedrooms and a bathroom. Spacious, bright and benefitting from a prime location in the Wallasey area. It has great access to amenities and transport links!

Set within a residential/commercial building, this second floor flat shares an entrance with a further two properties and has convenient rear access. A great investment for anyone wanting to start or grow their portfolio in the Wallasey area!

The flat is a substantial size and has two double bedrooms, one at the front and one at the back of the property. It benefits from a breakfast kitchen with good storage and a landscape window. There are two storage cupboards in the hallway and a living room large enough for a dining table. The bathroom consists of a bathtub, shower cubicle, wash basin and toilet.

The property is currently tenanted, call our Wallasey team for more information!

Agent Details

Karl Tatler Estate Agents, Wallasey

0151 453 2840

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪