3 Bed Semi-Detached House, Refurb/BRRR, Wallasey, CH45 7LY, £160,000

17 Devon Avenue, Wallasey, Merseyside, CH45 7LY - 6 views - 10 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~101 m²
+10 photos

ValuationOvervalued

Sold Prices£72K - £267.5K
Sold Prices/m²£774/m² - £3.6K/m²

 

 

Square Metres

~101.08 m²
Price/m²£1.6K/m²

Value Estimate

£131,479

 

 

End Value (After Refurb)

£166,750

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£42,854

Bridging Loan Interest

£4,200

Total Cash In

£95,104

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£166,750

Mortgage (After Refinance)

£125,063

Mortgage LTV

75%

Cash Released

£5,063

Cash Left In

£90,041

Equity

£41,688

Rent Range

£625 - £1,395

Rent Estimate

£910

Running Costs/mo

£723

Cashflow/mo

£187

Cashflow/yr

£2,243

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £72K to £267.5K, average is £139.6K. £774/m² to £3.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£110K02/210.04 mi6, Churchill Grove, Wallasey, Merseyside CH44 1EL3
£115K09/210.04 mi35, Stringhey Road, Wallasey, Merseyside CH44 1EF3
£140K10/200.06 mi15, Brook Close, Wallasey, Merseyside CH44 1DU3
£112K05/230.08 mi8, Seabank Avenue, Wallasey, Merseyside CH44 1EH3
£143K03/210.08 mi2, Manor Lane, Wallasey, Merseyside CH45 7LZ3
£153K07/210.1 mi131, Manor Road, Wallasey, Merseyside CH45 7LU3
£105K01/210.12 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£85K01/230.12 mi22, Exeter Road, Wallasey, Merseyside CH44 1DS3
£120K01/230.13 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£198K02/230.15 mi8, Stratton Close, Wallasey, Merseyside CH45 7SJ3
£145K07/210.2 mi3, Chepstow Avenue, Wallasey, Merseyside CH44 0BA3
£189.9K04/210.2 mi17, Brookthorpe Close, Wallasey, Merseyside CH45 7SH3
£235K11/220.2 mi53, Brookthorpe Close, Wallasey, Merseyside CH45 7SH3
£82K02/210.21 mi20, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£130K03/230.21 mi18, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£85K10/200.21 mi54, Lea Road, Wallasey, Merseyside CH44 0DU3
£85K01/210.21 mi16, Lea Road, Wallasey, Merseyside CH44 0DU3
£143K06/230.21 mi42, Lea Road, Wallasey, Merseyside CH44 0DU3
£95K08/210.22 mi33, Lea Road, Wallasey, Merseyside CH44 0DT3
£72K10/200.22 mi40, Charlotte Road, Wallasey, Merseyside CH44 0DW3
£152.5K06/210.23 mi18, Strathcona Road, Wallasey, Merseyside CH45 7NB3
£190K06/230.23 mi18, Strathcona Road, Wallasey, Merseyside CH45 7NB3
£128K02/210.23 mi16, Blenheim Road, Wallasey, Merseyside CH44 8BR3
£185K01/230.23 mi3, Seabank Road, Wallasey, Merseyside CH44 8BA3
£90K08/210.24 mi43, Strathcona Road, Wallasey, Merseyside CH45 7NA3
£174K05/230.24 mi9, Strathcona Road, Wallasey, Merseyside CH45 7NA3
£85K03/230.25 mi6, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£88.5K12/200.25 mi17, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£267.5K04/230.25 mi34, Caithness Drive, Wallasey, Merseyside CH45 7PW3
£110.5K10/210.26 mi12, St Lucia Road, Wallasey, Merseyside CH44 8BW3
£99K04/210.27 mi27, Oxford Road, Wallasey, Merseyside CH44 0AR3
£140K12/200.27 mi9, Oxford Road, Wallasey, Merseyside CH44 0AR3
£153K07/230.27 mi57, Oxford Road, Wallasey, Merseyside CH44 0AR3
£170K09/210.27 mi1, Carrington Road, Wallasey, Merseyside CH45 7NJ3
£120K03/210.27 mi33, Carrington Road, Wallasey, Merseyside CH45 7NJ3
£172.5K09/210.28 mi51, Belgrave Street, Wallasey, Merseyside CH44 1BP3
£148.9K11/200.28 mi4, Durban Road, Wallasey, Merseyside CH45 7NS3
£115K12/220.28 mi3, St Elmo Road, Wallasey, Merseyside CH44 8BL3
£110K02/230.29 mi26, St Elmo Road, Wallasey, Merseyside CH44 8BL3
£176K04/210.3 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£144K02/210.3 mi3, Glencoe Road, Wallasey, Merseyside CH45 7NT3
£165K07/230.3 mi6, The Mount, Wallasey, Merseyside CH44 1AY3
£178K02/230.32 mi28, Kimberley Road, Wallasey, Merseyside CH45 7NU3
£108K10/200.32 mi34, Park Street, Wallasey, Merseyside CH44 1AT3
£130K08/210.32 mi13, Park Street, Wallasey, Merseyside CH44 1AT3
£157.5K01/230.32 mi33, Grosvenor Street, Wallasey, Merseyside CH44 1AW3
£230K11/220.33 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£100K01/210.33 mi21, St Vincent Road, Wallasey, Merseyside CH44 8BJ3
£139.2K01/230.33 mi4, St Vincent Road, Wallasey, Merseyside CH44 8BJ3
£148K02/230.33 mi8, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3

Local Rents

36 rents from £625/mo to £1.4K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£85003/240.03 miManor Road, Wallasey, Wirral3
£75003/240.11 miExeter Road, Wallasey3
£1,37503/240.21 miGibson House, Wallasey, CH443
£1,37503/240.21 miGibson House, Wallasey, CH443
£1,29504/240.21 miGibson House, Wallasey, CH443
£1,29512/240.21 miGibson House, Wallasey, CH443
£1,29505/240.21 mi-3
£1,29509/240.21 mi-3
£1,29512/240.21 mi-3
£1,39503/250.21 mi-3
£74812/230.21 mi-3
£69505/240.22 miCharlotte Road, Wallasey3
£69512/240.22 miCharlotte Road, Wallasey3
£80009/240.27 mi-3
£75003/240.3 miPenkett Road, Wallasey, Wirral3
£95003/240.31 miGrosvenor Street, Wallasey3
£69503/240.33 mi-3
£75003/240.33 miWithens Lane, Wallasey3
£89503/240.33 miPark Street, Wallasey3
£95001/240.34 mi-3
£67504/250.36 mi-3
£85004/240.37 mi-3
£75004/240.4 miSt Marys Street Wallasey3
£90003/240.46 miOsborne Grove, Wallasey3
£65002/250.47 mi-3
£62503/240.5 miParkfield Drive, Wallasey3
£72504/240.5 mi-3
£72504/240.5 mi-3
£1,20002/250.5 mi-3
£71012/230.52 mi-3
£65005/240.55 miLiscard Road, Wallasey3
£71504/240.55 mi-3
£71504/240.55 miRivington Road, Wallasey, CH443
£71504/240.55 miRivington Road, Wallasey, CH443
£89505/240.62 miLeominster Road, Wallasey3
£89504/240.62 miLeominster Road, Wallasey3

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.71 miles away

Nearest school

0.10 miles away

Nearest train station

1.13 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £160,000

January 11, 2025

Price changed to £165,000

December 4, 2024

Listed for £170,000

June 19, 2024

Sold for £155,000

2023

Floor Plans

Description

  • Virtual Tour Available +
  • Freehold +
  • Council Tax Band B +
  • 1088 Sq ft (Approx) +
  • Semi-detached house +
  • Three great size bedrooms +
  • Three reception rooms +
  • Extension to the rear +
  • In need of some modernisation +
  • Well-presented throughout +

A beautiful place to call home! Tucked away at the head of a quiet cul-de-sac is this three bedroom semi-detached family home, having been improved by its current owner and further boasting an extension providing a wealth of living space. No onward chain and offering endless potential.

Upon approach the property is set back from the road with a long gravel frontage providing off road parking.

Inside you will find a welcoming porch leading to the spacious hallway, bright front lounge with traditional bayed window, a further reception room and a dining room which is located in the extended part. It has a fitted kitchen that also gives access to the extension and is flooded with natural light due to the dual aspect windows.

Upstairs there is the three piece bathroom and three well-proportioned bedrooms, two of which enjoy an array of built in storage.

Externally to the rear there is a delightful rear courtyard which is wonderfully private. Mainly paved for ease of maintenance with a large shed for storage.

Call the Wallasey office for more information or to arrange your own viewing.

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 💪