4 Bed Detached House, Refurb/BRRR, Prescot, L34 1LH, £375,000

Driffield Road, Prescot, L34 1LH - 1 views - 2 years ago

Refurb/BRRR
~205 m²
+16 photos

ValuationFair Value

Sold Prices£125K - £405.5K
Sold Prices/m²£1.4K/m² - £3K/m²

 

 

Square Metres

~204.63 m²
Price/m²£1.8K/m²

Value Estimate

£375,000

 

 

End Value (After Refurb)

£368,334

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£86,253

Bridging Loan Interest

£9,844

Total Cash In

£220,296

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£368,334

Mortgage (After Refinance)

£276,251

Mortgage LTV

75%

Cash Left In

£220,296

Equity

£92,084

Rent Range

£800 - £1,950

Rent Estimate

£1,022

Running Costs/mo

£1,375

Cashflow/mo

£-353

Cashflow/yr

£-4,241

Gross Yield

3%

Local Sold Prices

23 sold prices from £125K to £405.5K, average is £265K. £1.4K/m² to £3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£360K09/210.16 mi6, Knowsley Park Lane, Prescot, Merseyside L34 3NB4
£245.5K10/220.18 mi58, South Avenue, Prescot, Merseyside L34 1LZ4
£132.5K04/210.24 mi58, Manchester Road, Prescot, Merseyside L34 1NQ4
£207.5K01/210.24 mi78, Manchester Road, Prescot, Merseyside L34 1NQ4
£253K03/210.25 mi11, Chorley Road, Prescot, Merseyside L34 1NT4
£165K06/210.64 mi4, Dulson Way, Prescot, Merseyside L34 1QF4
£212.5K02/230.7 mi10, Mines Avenue, Prescot, Merseyside L34 2TD4
£325K02/230.73 mi16, Chapman Grove, Prescot, Merseyside L34 6LW4
£280K11/220.73 mi47, Hawthorne Road, Prescot, Merseyside L34 2SY4
£350K08/230.75 mi2, Osborne Grove, Prescot, Merseyside L34 1PP4
£335K10/210.75 mi1, Osborne Grove, Prescot, Merseyside L34 1PP4
£230K10/200.77 mi50, Broadlands, Prescot, Merseyside L35 5JA4
£276K03/210.79 mi1, Kensington Drive, Prescot, Merseyside L34 1PR4
£319K10/220.81 mi9, Alberta Grove, Prescot, Merseyside L34 1PX4
£230K01/210.83 mi24, Alberta Grove, Prescot, Merseyside L34 1PX4
£125K11/200.88 mi67, Shaw Lane, Prescot, Merseyside L35 5BS4
£215K11/220.88 mi38, Saunders Avenue, Prescot, Merseyside L35 5DG4
£365K02/230.88 mi16, Haroldene Grove, Prescot, Merseyside L34 1PY4
£373.5K02/230.94 mi30, Balmoral Way, Prescot, Merseyside L34 1QB4
£270K01/230.94 mi28, Balmoral Way, Prescot, Merseyside L34 1QB4
£265K09/220.96 mi45, Balmoral Way, Prescot, Merseyside L34 1QD4
£260K06/230.97 mi60, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RQ4
£405.5K01/210.97 mi8a, Albany Avenue, Eccleston Park, Prescot, Merseyside L34 2QW4

Local Rents

21 rents from £800/mo to £1.9K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,95004/240.09 miKnowsley Park Lane, Prescot, L344
£90004/240.15 mi31 Egerton Road, Prescot3
£90005/240.18 miCentral Avenue, Prescot, L343
£1,10012/240.18 miManchester Road, Prescot, L343
£90004/240.26 miManchester Road, Prescot3
£1,19512/240.48 miPrescot Park, Prescot, L344
£85012/240.5 mi-3
£85002/250.5 mi-3
£85002/250.5 mi-3
£1,10012/240.5 mi-3
£1,10012/240.5 mi-3
£1,12504/240.5 miPrescot Park, Prescot, L343
£90001/250.53 mi-3
£90004/250.53 mi-3
£85003/250.55 mi-3
£87503/250.56 mi-3
£1,20012/240.56 mi-4
£99502/250.56 mi-4
£80004/240.56 miCross Street, Prescot, Merseyside, L343
£95012/240.57 miStation Road Boulevard, Prescot, L343
£1,25012/240.59 miLayton Way, Prescot, L343

Local Area Statistics

Population in L34

12,244

Population in Prescot

43,001

Town centre distance

0.33 miles away

Nearest school

0.30 miles away

Nearest train station

0.63 miles away

 

 

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Price changed to £375,000

February 4, 2025

Listed for £399,950

September 13, 2023

Floor Plans

Description

  • Council Tax Band - E +
  • EPC - TBC +
  • Prestigous Detached House +
  • Prominent Corner Plot Location +
  • Four Double Bedrooms +
  • Three Reception Rooms +
  • So Much Untapped Potential +
  • Magnificent Room Sizes +
  • Huge Rear Garden Plus Outbuildings +
  • Garage, Driveway & Offered With No Chain +

*PRESTIGOUS DETACHED HOME ON A MAGNIFICENT PLOT, COMPLETE BLANK CANVAS FOR THOSE WHO WANT A ONE OF A KIND BUILD STYLE*
Homes of this calibre just don't come to market often, so we here at Little Estate Agents in Prescot are delighted to be the agent to represent this one of a kind homes. The house itself commands such respect, its on a prominent corner location in the heart of Prescot Village and just oozes character and class. In its heyday, this house would have most definitely been one of THE most attractive homes in the area, and it is ready for a new owner to come in and bring it back to its former glory. Modernisation internally is required, but for those who have an eye for a project this really needs to be seen in person. The room sizes are magnificent, the layout unique, and the plot fantastic. In brief, the property comprises; Entrance porch, grand hall with under stairs storage, a large bay fronted lounge, spacious dining room, a morning room, and a fitted kitchen. To the first floor are four bedrooms, the master just breath-takingly big, a bathroom and a separate WC off the landing. Externally, there is a gated driveway leading to the detached garage, and then the outbuildings which contains a handy WC. The property can be accessed from all four sides, the front has a pretty garden area whilst the side is a large plot which is majority lawned. We cannot stress just how much this home needs to be seen in person to realise its potential, please call us today for more information! No onward chain!

Agent Details

Little Estate Agents, St Helens

01744 415862

Next Steps?

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