2 Bed Terraced House, Refurb/BRRR, Prescot, L34 2SP, £80,000

7 Evelyn Avenue, Prescot, L34 2SP. - 73 views - a year ago

Refurb/BRRR

Negative Equity

ROI: 6%

~62 m²

+1 photos

ValuationUndervalued

Sold Prices	£58K - £180K
Sold Prices/m²	£716/m² - £2.5K/m²

Square Metres	~62.43 m²
Price/m²	£1.3K/m²
Value Estimate	£82,400£82,400
BMV	3%

End Value (After Refurb)	£116,020£116,020
Uplift in Value	+45%+45%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£3,600£3,600
Refurb Costs	£26,315£26,315
Bridging Loan Interest	£2,100£2,100
Total Cash In	£53,765£53,765

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£116,020£116,020
Mortgage (After Refinance)	£87,015£87,015
Mortgage LTV	75%75%
Cash Released	£27,015£27,015
Cash Left In	£26,749£26,749
Equity	£29,005£29,005
Rent Range	£550 - £1,200£550 - £1,200
Rent Estimate	£798
Running Costs/mo	£542£542
Cashflow/mo	£256£256
Cashflow/yr	£3,070£3,070
ROI	6%6%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £58K to £180K, average is £115K. £716/m² to £2.5K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£160K	01/23	0.03 mi	79, St James Road, Prescot, Merseyside L34 2SF	£1,633	98	2	Terraced House
£180K	11/22	0.06 mi	11, Hawthorne Road, Prescot, Merseyside L34 2SY	£2,338	77	2	Semi-Detached House
£88K	09/22	0.1 mi	51, St James Road, Prescot, Merseyside L34 2SE	£1,492	59	2	Terraced House
£82K	12/22	0.14 mi	9, Albany Road, Prescot, Merseyside L34 2SD	£1,208	68	2	Terraced House
£135K	07/22	0.14 mi	24, Maryville Road, Prescot, Merseyside L34 2TA	£1,646	82	2	Terraced House
£124K	03/23	0.14 mi	30, Maryville Road, Prescot, Merseyside L34 2TA	£1,615	77	2	Terraced House
£90K	05/21	0.14 mi	57, Albany Road, Prescot, Merseyside L34 2SD	£1,216	74	2	Terraced House
£100K	07/22	0.14 mi	37, Albany Road, Prescot, Merseyside L34 2SD	£1,607	62	2	Terraced House
£120K	06/22	0.15 mi	36, Columbia Road, Prescot, Merseyside L34 2SB	£1,875	64	2	Terraced House
£115K	07/22	0.15 mi	21, Bretherton Road, Prescot, Merseyside L34 2TB	£1,653	70	2	Terraced House
£130K	10/22	0.16 mi	42, Columbia Road, Prescot, Merseyside L34 2SB	£1,912	68	2	Terraced House
£110K	03/23	0.16 mi	24, Columbia Road, Prescot, Merseyside L34 2SB	£1,038	106	2	Semi-Detached House
£120K	04/23	0.16 mi	51, Bretherton Road, Prescot, Merseyside L34 2TB	£1,791	67	2	Terraced House
£125K	09/22	0.16 mi	7, Columbia Road, Prescot, Merseyside L34 2SA	£1,543	81	2	Terraced House
£132K	06/23	0.17 mi	31, Columbia Road, Prescot, Merseyside L34 2SA	£1,630	81	2	Terraced House
£111K	11/20	0.17 mi	35, Columbia Road, Prescot, Merseyside L34 2SA	£1,233	90	2	Terraced House
£58K	12/20	0.17 mi	7, Columbia Road, Prescot, Merseyside L34 2SA	£716	81	2	Terraced House
£115K	01/21	0.17 mi	15, Columbia Road, Prescot, Merseyside L34 2SA	£1,438	80	2	Terraced House
£150K	09/22	0.17 mi	49, Cross Street, Prescot, Merseyside L34 6JE	£1,899	79	2	Terraced House
£125K	11/20	0.18 mi	11, Queens Road, Prescot, Merseyside L34 6JA	£1,389	90	2	Terraced House
£113.8K	04/24	0.18 mi	16, Queens Road, Prescot, Merseyside L34 6JA	£1,293	88	2	Terraced House
£115K	08/23	0.18 mi	9, Queens Road, Prescot, Merseyside L34 6JA	£1,162	99	2	Terraced House
£130K	06/22	0.18 mi	12, Cross Street, Prescot, Merseyside L34 6JG	£1,884	69	2	Terraced House
£90K	01/21	0.2 mi	32, St James Road, Prescot, Merseyside L34 5RW	£1,268	71	2	Terraced House
£105K	10/22	0.2 mi	24, St James Road, Prescot, Merseyside L34 5RW	£1,382	76	2	Terraced House
£135.5K	11/22	0.2 mi	16, Mines Avenue, Prescot, Merseyside L34 2TD	£1,993	68	2	Semi-Detached House
£150K	10/23	0.2 mi	5, Mines Avenue, Prescot, Merseyside L34 2TD	-	-	2	Semi-Detached House
£107K	12/20	0.21 mi	57, Bretherton Road, Prescot, Merseyside L34 2TE	£1,507	71	2	Terraced House
£102.5K	10/22	0.21 mi	23, Duke Street, Prescot, Merseyside L34 6JD	£1,530	67	2	Terraced House
£117.5K	01/24	0.21 mi	14, Duke Street, Prescot, Merseyside L34 6JD	£1,655	71	2	Terraced House
£79.5K	01/23	0.21 mi	16, Duke Street, Prescot, Merseyside L34 6JD	-	-	2	Terraced House
£110K	05/23	0.21 mi	18, Duke Street, Prescot, Merseyside L34 6JD	£1,787	62	2	Terraced House
£145K	02/21	0.21 mi	9, Belvedere Close, Prescot, Merseyside L34 6LB	£2,526	57	2	Semi-Detached House
£152K	10/21	0.22 mi	24, Sutherland Road, Prescot, Merseyside L34 2TU	-	-	2	Terraced House
£140K	06/21	0.22 mi	6, Sutherland Road, Prescot, Merseyside L34 2TU	£2,139	65	2	Semi-Detached House
£128K	01/23	0.23 mi	9, New Cross Street, Prescot, Merseyside L34 6JP	£1,745	73	2	Terraced House
£95K	06/21	0.23 mi	1, New Cross Street, Prescot, Merseyside L34 6JP	£1,218	78	2	Semi-Detached House
£96K	02/21	0.24 mi	38, Pottery Fields, Prescot, Merseyside L34 5RL	£1,500	64	2	Terraced House
£87K	10/20	0.24 mi	14, Pottery Fields, Prescot, Merseyside L34 5RL	£1,261	69	2	Terraced House
£78.8K	03/23	0.24 mi	48, Pottery Fields, Prescot, Merseyside L34 5RL	£1,175	67	2	Terraced House
£110K	03/21	0.25 mi	43, Scotchbarn Lane, Prescot, Merseyside L34 2TG	£1,009	109	2	Terraced House
£75K	11/20	0.25 mi	9, Salisbury Street, Prescot, Merseyside L34 6JH	£1,154	65	2	Terraced House
£95K	02/23	0.25 mi	15, Salisbury Street, Prescot, Merseyside L34 6JH	£1,422	67	2	Terraced House
£105K	05/21	0.26 mi	7, Rowson Street, Prescot, Merseyside L34 6JL	£1,591	66	2	Detached House
£122K	04/24	0.28 mi	24, St Helens Road, Prescot, Merseyside L34 6HR	£1,435	85	2	Terraced House
£158K	01/24	0.29 mi	51, Sinclair Avenue, Prescot, Merseyside L35 7LL	£2,358	67	2	Terraced House
£85K	04/21	0.31 mi	11, St Helens Road, Prescot, Merseyside L34 6HN	-	-	2	Semi-Detached House
£100K	11/22	0.31 mi	1, St Helens Road, Prescot, Merseyside L34 6HN	£1,587	63	2	Terraced House
£115K	01/23	0.31 mi	18, Cyprus Street, Prescot, Merseyside L34 5RY	-	-	2	Terraced House
£120K	04/24	0.31 mi	22, Cyprus Street, Prescot, Merseyside L34 5RY	£1,481	81	2	Terraced House

Local Rents

43 rents from £550/mo to £1.2K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£625	01/25	0.01 mi	-	2	Terraced House
£950	12/24	0.13 mi	-	2	Semi-Detached House
£550	12/24	0.2 mi	-	2	Flat
£690	12/24	0.2 mi	-	2	Terraced House
£800	12/24	0.22 mi	-	2	Terraced House
£800	03/25	0.25 mi	-	2	Detached House
£800	04/25	0.25 mi	-	2	Detached House
£700	12/24	0.26 mi	Rowson Street, Prescot, Merseyside, L34	2	Terraced House
£695	12/24	0.28 mi	-	2	Flat
£750	03/24	0.28 mi	-	2	Terraced House
£850	12/24	0.29 mi	New Road, Prescot, L34	2	Terraced House
£850	03/25	0.29 mi	-	2	Semi-Detached House
£650	04/24	0.34 mi	Eccleston Street, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.4 mi	-	2	Terraced House
£795	04/24	0.4 mi	-	2	Flat
£795	12/24	0.4 mi	-	2	Flat
£750	02/25	0.42 mi	-	2	Flat
£750	12/24	0.42 mi	-	2	Flat
£750	11/24	0.42 mi	-	2	Flat
£795	02/25	0.42 mi	-	2	Flat
£850	12/24	0.42 mi	-	2	Flat
£840	12/24	0.43 mi	-	2	Semi-Detached House
£840	12/24	0.43 mi	Broadlands, Prescot, L35	2	Semi-Detached House
£920	03/25	0.44 mi	-	2	Flat
£850	12/24	0.44 mi	-	2	Flat
£990	10/24	0.44 mi	-	2	Flat
£850	04/24	0.45 mi	-	2	Flat
£850	10/24	0.45 mi	-	2	Flat
£925	04/24	0.45 mi	Bridgefield Court, Prescot	2	Flat
£945	12/24	0.45 mi	Bridgefield Court, Prescot	2	Flat
£650	05/24	0.46 mi	Kemble Street, Prescot, Merseyside	2	Flat
£900	05/24	0.46 mi	Bridge Road, Prescot, Merseyside, L34	2	Flat
£795	01/24	0.47 mi	-	2	Flat
£795	12/24	0.47 mi	-	2	Flat
£825	03/25	0.47 mi	-	2	Flat
£795	12/24	0.47 mi	-	2	Flat
£775	12/24	0.47 mi	Pendleton Court, Speakman Way, Prescot, L34	2	Flat
£850	12/24	0.48 mi	-	2	Terraced House
£1,200	02/25	0.51 mi	-	2	Flat
£850	12/24	0.51 mi	Kenneth Close, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.51 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	12/24	0.51 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	04/24	0.51 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat

Local Area Statistics

Population in L34	12,24412,244
Population in Prescot	43,00143,001
Town centre distance	0.50 miles away0.50 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental growth (12m)	+39%+39%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+44%+44%

Property History

Listed for £80,000

-50%

January 8, 2024

Sold for £120,000

2007

Floor Plans

Description

No Chain +
Freehold +
Renovation Opportunity +
Popular Location +

Ashtons are now in receipt of an offer for the sum of £80,000 for 7 Evelyn Avenue, Prescot, L34 2SP. Anyone wishing to place an offer on this property should contact Ashtons, 14 Hardshaw Street, St Helens, WA10 1RE - . Two bed terrace in need of a full renovation. Located in the Prescot area of the town and in close proximity to local shops and schools the property presents a great opportunity to deign your perfect home. The property comprises spacious living room , kitchen and downstairs bathroom. Up to the first floor you will find two large bedrooms. Externally there is a yard to the rear and on street parking to the front.

EPC Rating: D

Agent Details

Ashtons Estate Agency, St Helens

01744 411922

Next Steps?

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

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