2 Bed Flat, Single Let, Prescot, L35 6PP, £94,000

33 Meade Close, Rainhill, Prescot, L35 6PP - 3 views - 9 months ago

Leasehold
BTL
ROI: 9%
~60 m²
+8 photos

ValuationUndervalued

Sold Prices£50K - £340K
Sold Prices/m²£716/m² - £4.7K/m²

 

 

Square Metres

~59.70 m²
Price/m²£1.6K/m²

Value Estimate

£107,273
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,500

Stamp Duty & Legal Fees

£5,900

Total Cash In

£29,400

 

 

Cash Out

 

Rent Range

£575 - £2,000

Rent Estimate

£680

Running Costs/mo

£450

Cashflow/mo

£230

Cashflow/yr

£2,763

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £50K to £340K, average is £98.5K. £716/m² to £4.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£97K11/210 mi9, Meade Close, Rainhill, Prescot, Merseyside L35 6PP2
£98K02/240 mi22, Meade Close, Rainhill, Prescot, Merseyside L35 6PP2
£85K02/210.03 mi14, Sumner Close, Rainhill, Prescot, Merseyside L35 6PR2
£115K04/230.03 mi2, Sumner Close, Rainhill, Prescot, Merseyside L35 6PR2
£57.5K01/210.04 mi4, Lee Close, Rainhill, Prescot, Merseyside L35 0QT2
£85K12/200.04 mi9, Lee Close, Rainhill, Prescot, Merseyside L35 0QT2
£117.5K07/210.06 mi46, Lincoln Way, Rainhill, Prescot, Merseyside L35 6PJ2
£118K05/240.06 mi58, Lincoln Way, Rainhill, Prescot, Merseyside L35 6PJ2
£340K11/200.49 mi43, The Meadows, Rainhill, Prescot, Merseyside L35 0PQ2
£340K11/200.49 mi43, The Meadows, Rainhill, Prescot, Merseyside L35 0PQ2
£93.5K12/231.24 mi102, Chandlers Way, Sutton Manor, St Helens, Merseyside WA9 4TG2
£120K07/231.25 mi14, Iona Crescent, Widnes, Halton WA8 5AD2
£62K04/211.25 mi102, Chandlers Way, Sutton Manor, St Helens, Merseyside WA9 4TG2
£135K08/231.25 mi11, Lindisfarne Court, Widnes, Halton WA8 5AH2
£118.6K04/211.25 mi15, Lindisfarne Court, Widnes, Halton WA8 5AH2
£110K11/201.25 mi22, Lindisfarne Court, Widnes, Halton WA8 5AH2
£130K04/231.25 mi22, Lindisfarne Court, Widnes, Halton WA8 5AH2
£128K09/221.25 mi26, Lindisfarne Court, Widnes, Halton WA8 5AH2
£97K05/231.33 miFlat 46, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£92.5K09/211.33 miFlat 51, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£112K05/231.33 miFlat 51, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£80K12/201.33 miFlat 35, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£87K02/211.33 miFlat 40, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£100K07/211.33 miFlat 16, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£106.5K06/231.33 miFlat 21, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£111.5K03/231.33 miFlat 2, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£103K03/231.33 miFlat 57, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£98.5K03/231.33 miFlat 58, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£112K10/221.33 miFlat 37, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£105K11/221.34 miFlat 6, College Fields, Cronton Lane, Widnes, Halton WA8 5AR2
£71.5K03/221.41 mi15a, Scott Avenue, Whiston, Prescot, Merseyside L35 2XT2
£98.5K12/201.52 mi15, Cronton Farm Court, Widnes, Halton WA8 9DE2
£94K01/211.53 mi2, Cronton Farm Court, Widnes, Halton WA8 9DE2
£106K07/211.56 mi20, Holly Farm Court, Widnes, Halton WA8 9DF2
£95K12/201.58 mi1, Stockswell Farm Court, Widnes, Halton WA8 9DH2
£90K03/211.58 mi14, Stockswell Farm Court, Widnes, Halton WA8 9DH2
£96K01/211.58 mi25, Upton Rocks Avenue, Widnes, Halton WA8 9DA2
£110K10/231.58 mi29, Upton Rocks Avenue, Widnes, Halton WA8 9DA2
£110K12/221.6 mi35, Upton Rocks Avenue, Widnes, Halton WA8 9DA2
£53K05/221.66 mi65, Brook Street, Whiston, Prescot, Merseyside L35 5AP2
£130K07/231.8 mi7, Greenock Mews, Widnes, Halton WA8 9DW2
£110K10/221.8 mi23, Lanark Gardens, Widnes, Halton WA8 9DT2
£82.5K10/211.84 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£82.5K10/211.84 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£50K03/211.84 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£65K02/221.84 miApartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£73.5K01/241.84 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£75K11/231.84 miBrookside Court, Apartment 20, Shaw Lane, Prescot, Merseyside L35 5AE2
£117.5K06/231.89 mi28, Portico Court, Prescot, Merseyside L35 7LP2
£90K03/221.89 mi5, Portico Court, Prescot, Merseyside L35 7LP2

Local Rents

11 rents from £575/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75005/240.03 miSumner Close, Rainhill, L352
£75006/240.03 miSumner Close, Rainhill, L352
£67505/240.18 miAlva Road, Rainhill, Prescot, Merseyside, L352
£1,40004/240.64 miView Road, Rainhill, Prescot2
£2,00012/240.65 miWarrington Road, Rainhill, Prescot2
£57504/240.72 mi-2
£85005/240.85 miRainhill Road, Rainhill2
£85012/240.85 miRainhill Road, Prescot, Merseyside2
£85005/241.06 miIvy Farm Road, Rainhill2
£85012/241.14 mi-2
£69512/241.19 mi-2

Local Area Statistics

Population in L35

30,730

Population in Prescot

43,001

Town centre distance

2.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £94,000

March 4, 2025

Price changed to £97,000

December 4, 2024

Listed for £100,000

July 23, 2024

Floor Plans

Description

  • TWO BEDROOM APARTMENT +
  • FIRST FLOOR +
  • PARKING +
  • GARAGE +
  • NO CHAIN +
  • DESIRABLE LOCATION +
  • CONVENIENT LOCATION +
  • COMMUNAL GROUNDS +
  • VIEWING IS ADVISED +
  • RAINHILL +

Stapleton Derby is delighted to present this chain-free, first-floor, two-bedroom apartment, complete with parking and a garage, in the highly desirable Rainhill neighborhood. This property offers a perfect blend of comfort and contemporary living.

Upon arrival, you'll find a secure entry intercom system. Inside, a staircase leads to the first floor where the apartment is located. The layout includes an entrance hallway, two bedrooms, a family bathroom, storage cupboards, a living room, and a kitchen.

The communal areas, including the stairs and lobby, are well-maintained. Outside, you'll find communal gardens, a reserved parking space, and a garage.

New lease for 999 years signed in June 2024. The property has a service charge of £200 per month, which includes ground rent and building insurance. This leasehold apartment is ready for immediate occupancy, and viewing is essential.

Agent Details

Stapleton Derby, St Helens

01744 903791

Next Steps?

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