4 Bed HMO, Wallasey, CH45 7NY, £150,000

Zig Zag Road, Wallasey, Merseyside, CH45 7NY - 2 views - a year ago

Sold STC
HMO
Refurb/BRRR
ROI: 5%
~129 m²
+6 photos

ValuationFair Value

Sold Prices£145K - £560K
Sold Prices/m²£1.1K/m² - £2.8K/m²

 

 

Square Metres

~129.22 m²
Price/m²£1.2K/m²

Value Estimate

£151,500

 

 

End Value (After Refurb)

£216,634

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£54,784

Bridging Loan Interest

£3,938

Total Cash In

£106,672

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£216,634

Mortgage (After Refinance)

£162,475

Mortgage LTV

75%

Cash Released

£49,975

Cash Left In

£56,697

Equity

£54,158

Room Rate

£490

Gross Rent

£1,960

Running Costs/mo

£1,536

Cashflow/mo

£424

Cashflow/yr

£5,089

ROI

5%

Gross Yield

16%

Local Sold Prices

50 sold prices from £145K to £560K, average is £205K. £1.1K/m² to £2.8K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£202.5K02/230.02 mi9, Zig Zag Road, Wallasey, Merseyside CH45 7NY4
£220K09/210.02 mi154, Rake Lane, Wallasey, Merseyside CH45 1JW4
£205K04/210.03 mi24, Zig Zag Road, Wallasey, Merseyside CH45 7NZ4
£195K03/230.03 mi20, Zig Zag Road, Wallasey, Merseyside CH45 7NZ4
£164K01/210.05 mi7, Bridgecroft Road, Wallasey, Merseyside CH45 7NX4
£390K10/220.09 mi165, Withens Lane, Wallasey, Merseyside CH45 7NG4
£160K01/210.09 mi155, Withens Lane, Wallasey, Merseyside CH45 7NG4
£195K02/210.12 mi17, Earlston Road, Wallasey, Merseyside CH45 5DX4
£183K11/200.12 mi5, Earlston Road, Wallasey, Merseyside CH45 5DX4
£260K06/230.12 mi4, Mornington Road, Wallasey, Merseyside CH45 5EH4
£237.5K12/220.13 mi2, Mornington Road, Wallasey, Merseyside CH45 5EH4
£242K08/210.15 mi2, St Winifreds Road, Wallasey, Merseyside CH45 5EJ4
£180K08/210.16 mi10, Sandrock Road, Wallasey, Merseyside CH45 5EG4
£184.9K02/210.17 mi52, Longland Road, Wallasey, Merseyside CH45 5DW4
£350K11/210.17 mi101, Rake Lane, Wallasey, Merseyside CH45 5DE4
£340K12/220.18 mi175, Seabank Road, Wallasey, Merseyside CH45 1HB4
£210K05/210.18 mi9, Ellesmere Grove, Wallasey, Merseyside CH45 5EE4
£205K09/210.18 mi13, Ellesmere Grove, Wallasey, Merseyside CH45 5EE4
£210K02/210.23 mi11, Cambridge Road, Wallasey, Merseyside CH45 1JF4
£345K06/230.27 mi15, Denton Drive, Wallasey, Merseyside CH45 7QS4
£310K06/230.27 mi14, Holland Road, Wallasey, Merseyside CH45 7RB4
£188K02/230.27 mi71, Withens Lane, Wallasey, Merseyside CH45 7NE4
£410K02/230.28 mi11, Kirkway, Wallasey, Merseyside CH45 5EY4
£212K08/230.28 mi8, Derby Road, Wallasey, Merseyside CH45 5HH4
£215K12/200.3 mi32, Thirlmere Drive, Wallasey, Merseyside CH45 4LW4
£560K03/220.3 mi52, Hertford Drive, Wallasey, Merseyside CH45 7PX4
£145K01/210.31 mi11, Grasmere Drive, Wallasey, Merseyside CH45 4PQ4
£164K12/200.32 mi33, Rake Lane, Wallasey, Merseyside CH45 5DD4
£240K12/200.32 mi14, Brackenhurst Drive, Wallasey, Merseyside CH45 1HT4
£195K03/210.34 mi31, Turret Road, Wallasey, Merseyside CH45 5HE4
£170K02/210.34 mi25, Turret Road, Wallasey, Merseyside CH45 5HE4
£195K07/230.34 mi23, Edinburgh Road, Wallasey, Merseyside CH45 4LR4
£340K01/230.34 mi36, Holland Road, Wallasey, Merseyside CH45 7RB4
£208K06/210.35 mi4, Ormond Street, Wallasey, Merseyside CH45 4LP4
£203K11/200.36 mi5, Magazine Lane, Wallasey, Merseyside CH45 1LT4
£370K02/230.37 mi9, Warwick Drive, Wallasey, Merseyside CH45 7PJ4
£173.5K04/220.37 mi112g, Manor Road, Wallasey, Merseyside CH45 7LX4
£215K02/230.38 mi2, Devon Avenue, Wallasey, Merseyside CH45 7LY4
£235K03/210.38 mi273, Seabank Road, Wallasey, Merseyside CH45 5AE4
£225K03/230.38 mi1, Kinnaird Road, Wallasey, Merseyside CH45 5HN4
£164.9K06/210.38 mi9, Wilne Road, Wallasey, Merseyside CH45 5HW4
£166.5K08/210.38 mi1, Wilne Road, Wallasey, Merseyside CH45 5HW4
£246.5K06/230.39 mi6, Manville Road, Wallasey, Merseyside CH45 5AY4
£200K11/210.39 mi28, Rowson Street, Wallasey, Merseyside CH45 5AT4
£230K08/210.4 mi5, Vale Drive, New Brighton, Wallasey, Merseyside CH45 1LY4
£162K05/210.4 mi39, Manor Road, Wallasey, Merseyside CH45 4JA4
£153K01/230.4 mi21, Trinity Road, Wallasey, Merseyside CH44 1BD4
£145K02/210.4 mi19, Trinity Road, Wallasey, Merseyside CH44 1BD4
£155K12/200.41 mi41, Manor Road, Wallasey, Merseyside CH45 4JA4
£172.5K12/200.42 mi15, Sefton Road, Wallasey, Merseyside CH45 5BS4

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £150,000

January 15, 2025

Listed for £160,000

March 14, 2024

Floor Plans

Description

  • Four Bedroom Mid Terrace +
  • Excellent Investment Opportunity +
  • Three Spacious Reception Rooms +
  • In Need of Modernisation Throughout +
  • No Ongoing Chain +
  • Council Tax Band B / Freehold +
  • Viewing Highly Recommended +

*ATTENTION INVESTORS* Welcome to this spacious four bedroom property awaiting your personal touch! Situated in a sought-after area, this home offers immense potential for refurbishment, making it an ideal investment opportunity for both homeowners and investors alike.

Upon entry, you'll find a hallway leading to multiple living spaces, including a lounge, sitting room, and morning room, providing ample room for various purposes. The kitchen awaits your creativity, offering a canvas to design your dream culinary space.

Ascending to the first floor, a landing leads to four generously sized bedrooms and a bathroom, offering versatility for family living or potential conversion to a high-yield rental property.

Outside, both front and rear courtyards provide space for outdoor enjoyment, offering potential for landscaping or extension, subject to necessary approvals.

This property presents an excellent investment opportunity for refurbishment as a family home or for conversion into an HMO (House in Multiple Occupation) or buy-to-let investment. With its prime location and abundant potential, don't miss out on this chance to make your mark in the property market!

Contact us today to schedule a viewing and unlock the possibilities of this promising investment opportunity!

Agent Details

Bradshaw Farnham & Lea, Moreton

0151 453 8008

Next Steps?

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