3 Bed Semi-Detached House, Refurb/BRRR, Prescot, L34 2RE, £210,000

Old Lane, Prescot, L34 2RE - a year ago

Sold STC
Refurb/BRRR
ROI: 2%
~88 m²
+10 photos

ValuationOvervalued

Sold Prices£124.2K - £425K
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~87.70 m²
Price/m²£2.4K/m²

Value Estimate

£203,903

 

 

End Value (After Refurb)

£205,013

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Refurb Costs

£36,966

Bridging Loan Interest

£5,513

Total Cash In

£110,129

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,013

Mortgage (After Refinance)

£153,760

Mortgage LTV

75%

Cash Left In

£110,129

Equity

£51,253

Rent Range

£800 - £1,500

Rent Estimate

£1,024

Running Costs/mo

£865

Cashflow/mo

£159

Cashflow/yr

£1,902

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £124.2K to £425K, average is £220K. £1.5K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£252K06/230.03 mi12, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RG3
£195K09/220.03 mi28, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RG3
£250K03/240.08 mi7, Alder Road, Prescot, Merseyside L34 2SG3
£230K04/230.1 mi132, St James Road, Eccleston Park, Prescot, Merseyside L34 2RH3
£195K01/210.1 mi74, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RQ3
£200K02/240.1 mi74, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RQ3
£270K09/220.11 mi7, Beech Avenue, Eccleston Park, Prescot, Merseyside L34 2RL3
£255K02/230.12 mi25, Derwent Avenue, Prescot, Merseyside L34 2ST3
£225K12/220.12 mi32, Derwent Avenue, Prescot, Merseyside L34 2ST3
£225K11/230.12 mi10, Derwent Avenue, Prescot, Merseyside L34 2ST3
£183.6K04/230.12 mi8, Laurel Road, Prescot, Merseyside L34 2SU3
£176K02/210.13 mi5, Hilary Close, Prescot, Merseyside L34 2TL3
£225K01/230.15 mi65, St James Road, Prescot, Merseyside L34 2SF3
£215K10/210.16 mi3, Grasmere Avenue, Prescot, Merseyside L34 2SR3
£175K07/210.16 mi29, Grasmere Avenue, Prescot, Merseyside L34 2SR3
£212K07/230.16 mi8, Grasmere Avenue, Prescot, Merseyside L34 2SR3
£210K04/230.18 mi15, Coniston Avenue, Prescot, Merseyside L34 2SW3
£212.5K01/210.18 mi72, St James Road, Prescot, Merseyside L34 2SJ3
£165K05/210.19 mi131, St Helens Road, Eccleston Park, Prescot, Merseyside L34 2QA3
£297.5K03/230.19 mi8, Alder Close, Prescot, Merseyside L34 2SN3
£185K11/230.19 mi131, St Helens Road, Eccleston Park, Prescot, Merseyside L34 2QA3
£220K08/210.2 mi6, Chapman Grove, Prescot, Merseyside L34 6LW3
£175K11/200.22 mi2, Fletcher Avenue, Prescot, Merseyside L34 6LN3
£230K06/230.23 mi48, Gorsey Croft, Eccleston Park, Prescot, Merseyside L34 2RT3
£220K03/210.23 mi56, New Road, Eccleston Lane Ends, Prescot, Merseyside L34 6JT3
£232.5K10/210.24 mi3, Gorsey Croft, Eccleston Park, Prescot, Merseyside L34 2RS3
£225K03/210.24 mi31, Gorsey Croft, Eccleston Park, Prescot, Merseyside L34 2RS3
£365K03/210.24 mi3, Forest Grove, Eccleston Park, Prescot, Merseyside L34 2RY3
£425K09/220.24 mi35, Forest Grove, Eccleston Park, Prescot, Merseyside L34 2RY3
£212K09/230.25 mi28, Hamnett Road, Prescot, Merseyside L34 6LL3
£145K01/230.25 mi87, Bretherton Road, Prescot, Merseyside L34 2TE3
£159.5K02/230.25 mi75, Bretherton Road, Prescot, Merseyside L34 2TE3
£130.5K10/230.25 mi83, Bretherton Road, Prescot, Merseyside L34 2TE3
£232K11/200.25 mi45, Fairholme Avenue, Eccleston Park, Prescot, Merseyside L34 2RN3
£195K03/210.25 mi13, Fairholme Avenue, Eccleston Park, Prescot, Merseyside L34 2RN3
£170K11/230.25 mi93, Sinclair Avenue, Prescot, Merseyside L35 7LL3
£246.5K01/240.26 mi12, Vining Road, Prescot, Merseyside L35 7LG3
£375K09/220.26 mi9, The Woodlands, Prescot, Merseyside L34 2TN3
£325K04/210.26 mi42, Forest Grove, Eccleston Park, Prescot, Merseyside L34 2RZ3
£124.2K11/210.27 mi31, Bretherton Road, Prescot, Merseyside L34 2TB3
£370K07/230.27 mi3, The Paddock, Prescot, Merseyside L34 2TP3
£290K09/230.28 mi169, St Helens Road, Eccleston Park, Prescot, Merseyside L34 2QB3
£344K03/240.28 mi177, St Helens Road, Eccleston Park, Prescot, Merseyside L34 2QB3
£142.5K02/240.28 mi44, Bretherton Road, Prescot, Merseyside L34 2TF3
£233K06/210.28 mi70, Sinclair Avenue, Prescot, Merseyside L35 7LW3
£180K11/230.28 mi58, Sinclair Avenue, Prescot, Merseyside L35 7LW3
£180K07/210.29 mi15, Sinclair Close, Prescot, Merseyside L35 7LD3
£261K09/220.29 mi46, Fairholme Avenue, Eccleston Park, Prescot, Merseyside L34 2RP3
£295K12/220.3 mi10, Marlborough Road, Prescot, Merseyside L34 6LE3
£182.2K03/230.3 mi11, Sutherland Road, Prescot, Merseyside L34 2TU3

Local Rents

21 rents from £800/mo to £1.5K/mo, average is £920/mo.

RentDateDistanceAddressBeds 
£1,50003/250.1 mi-3
£1,25002/240.12 miSt. James Road, Eccleston Park, Prescot, L343
£1,00012/240.2 miCliftonville, Prescot3
£1,20012/240.3 miSinclair Avenue, Prescot, Merseyside3
£1,20005/240.3 miSinclair Avenue, Prescot3
£1,20005/240.3 miSinclair Avenue, Prescot3
£80004/240.34 miCross Street, Prescot, Merseyside, L343
£85003/250.35 mi-3
£87503/250.35 mi-3
£1,29503/250.38 mi-3
£90001/250.43 mi-3
£90003/250.43 mi-3
£85012/240.45 mi-3
£85002/250.45 mi-3
£85002/250.45 mi-3
£1,25012/240.54 miLayton Way, Prescot, L343
£92004/240.59 miAsh Grove, Prescot, L353
£1,00004/240.6 miBrook Street, Whiston, Merseyside3
£90012/240.6 miSteward Court, Prescot, Merseyside, L353
£1,00003/240.61 mi-3
£92006/240.61 mi-3

Local Area Statistics

Population in L34

12,244

Population in Prescot

43,001

Town centre distance

0.68 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Price changed to £210,000

January 15, 2025

Listed for £220,000

May 28, 2024

Floor Plans

Description

  • Semi Detached House +
  • Lounge & Kitchen/ Dining Room +
  • Three Bedrooms & Family Shower Room +
  • Separate W.C +
  • Driveway Parking & Rear Garden +
  • Close To Local Amenities & Transport Networks +
  • In Need Of Some Refurbishment +
  • Viewing Highly Recommended +

The Property
NO CHAIN

Welcome to Old Lane, Prescot, Merseyside, L34 2RE, where you'll find this semi-detached house brimming with potential. Perfectly positioned in a sought-after neighbourhood, this property offers a fantastic opportunity for those looking to put their own stamp on a home and create a personalized living space.

As you step inside, you are greeted by a welcoming entrance hall that provides access to the various rooms on the ground floor. The entrance hall sets the tone for the house, offering a blank canvas ready for modernisation.

The lounge is a generous space, filled with natural light from large windows. This room offers ample potential for transformation into a cosy and inviting living area where you can relax and spend quality time with family and friends.

The heart of the home is the open-plan kitchen and dining room. Currently functional, this space offers immense possibilities for redesign to suit modern tastes and preferences. The kitchen area can be upgraded with contemporary appliances, new cabinetry, and sleek countertops, while the adjoining dining area is perfect for family meals or entertaining guests. The open-plan layout provides a great foundation for creating a seamless and stylish living space.

Ascending to the first floor, you will find three well-proportioned bedrooms, each offering the opportunity to be transformed into comfortable and personalized retreats. Whether you envision cosy bedrooms, a home office, or a hobby room, these spaces can be tailored to meet your needs.

The family shower room and separate W.C. are in need of updating but offer a solid starting point for creating a modern and stylish bathroom that meets all your needs.

Externally, the property includes a driveway, providing convenient parking for residents and visitors alike. The rear garden is a private space with great potential for landscaping and creating an outdoor oasis for relaxation, play, or gardening.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Liverpool

020 3907 2647

Next Steps?

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