4 Bed Detached House, Planning Permission, Liverpool, L31 1AX, £700,000

MIDWAY Bank Lane, Liverpool, Merseyside, L31 1AX - 2 views - 8 months ago

Planning
~129 m²
+49 photos

ValuationOvervalued

Sold Prices£115K - £305K
Sold Prices/m²£762/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£5.4K/m²

Value Estimate

£214,440

 

 

End Value (After Refurb)

£260,953

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£54,483

Bridging Loan Interest

£18,375

Total Cash In

£294,308

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,953

Mortgage (After Refinance)

£195,715

Mortgage LTV

75%

Cash Left In

£294,308

Equity

£65,238

Rent Range

£775 - £4,500

Rent Estimate

£1,073

Running Costs/mo

£1,050

Cashflow/mo

£23

Cashflow/yr

£275

ROI

0%

Gross Yield

2%

Local Sold Prices

35 sold prices from £115K to £305K, average is £215K. £762/m² to £3.3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£260K12/230.27 mi16, Galston Close, Liverpool, Merseyside L33 1EE4
£230K07/220.3 mi2, Treviot Close, Liverpool, Merseyside L33 1ZZ4
£190K10/220.31 mi2, Lauder Close, Liverpool, Merseyside L33 1EF4
£260K05/220.33 mi3, Knightsbridge Walk, Kirkby, Liverpool, Merseyside L33 4HB4
£240K08/230.37 mi9, Jedburgh Drive, Liverpool, Merseyside L33 1EQ4
£175K09/210.41 mi21, Perth Close, Liverpool, Merseyside L33 1EJ4
£278K10/220.41 mi4, Gleneagles Close, Kirkby, Liverpool, Merseyside L33 4HA4
£230K10/230.44 mi18, Bridle Way, Kirkby, Liverpool, Merseyside L33 4FE4
£275K05/230.48 mi152, Saxon Way, Liverpool, Merseyside L33 4HG4
£180K10/200.49 mi23, Stockton Crescent, Kirkby, Liverpool, Merseyside L33 4FD4
£270K04/230.49 mi23, Stockton Crescent, Kirkby, Liverpool, Merseyside L33 4FD4
£240K04/220.49 mi26, Stockton Crescent, Kirkby, Liverpool, Merseyside L33 4FD4
£265K11/220.49 mi7, Stockton Crescent, Kirkby, Liverpool, Merseyside L33 4FD4
£305K08/230.54 mi40, Chadwick Way, Kirkby, Liverpool, Merseyside L33 4GB4
£252.5K07/220.56 mi70, Saxon Way, Liverpool, Merseyside L33 4DQ4
£175K10/200.57 mi184, Saxon Way, Liverpool, Merseyside L33 4DQ4
£180K10/200.6 mi7, Horton Close, Kirkby, Liverpool, Merseyside L33 4JE4
£188K12/200.6 mi3, Horton Close, Kirkby, Liverpool, Merseyside L33 4JE4
£247.5K06/220.6 mi7, Horton Close, Kirkby, Liverpool, Merseyside L33 4JE4
£190K03/240.61 mi15, Deva Close, Liverpool, Merseyside L33 4DH4
£115K11/200.66 mi10, Ashwood Close, Kirkby, Liverpool, Merseyside L33 1ZB4
£215K12/220.68 mi11, Lewis Walk, Kirkby, Liverpool, Merseyside L33 4JD4
£120K06/210.71 mi6, Derwent Close, Kirkby, Liverpool, Merseyside L33 2DD4
£151K09/210.73 mi1, Steeple View, Kirkby, Liverpool, Merseyside L33 1ZE4
£125K10/200.75 mi1, Chesterfield Drive, Kirkby, Liverpool, Merseyside L33 1ZG4
£200K05/230.76 mi27, Ambleside Drive, Kirkby, Liverpool, Merseyside L33 2EE4
£175K08/210.77 mi10, Serenade Road, Liverpool, Merseyside L33 4DZ4
£180K01/230.81 mi2, Kendal Road, Kirkby, Liverpool, Merseyside L33 2ED4
£230K10/210.81 mi20, Kendal Road, Kirkby, Liverpool, Merseyside L33 2ED4
£165K08/210.84 mi29, Beldale Park, Kirkby, Liverpool, Merseyside L32 2DE4
£185K01/210.84 mi94, Pennine Way, Kirkby, Liverpool, Merseyside L32 2BL4
£215K11/210.85 mi53, Hall Lane, Simonswood, Liverpool, Merseyside L33 4YE4
£206.7K12/230.96 mi15, Archers Fold, Melling, Liverpool, Merseyside L31 1LJ4
£295K01/210.97 mi5, Mill Lane, Kirkby, Liverpool, Merseyside L32 2AU4
£295K06/210.98 mi397, Park Lane, Maghull, Liverpool, Merseyside L31 1HF4

Local Rents

33 rents from £775/mo to £4.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,80011/230.16 mi-3
£1,80012/240.16 mi-3
£85004/240.3 miTreviot Close, Kirkby3
£85004/240.55 mi-3
£95009/240.57 mi-3
£1,00012/240.58 mi-3
£80004/240.59 miMonash Close, Liverpool3
£1,55012/240.61 mi-3
£82504/240.67 miPenda Drive, Shevington Park3
£89512/240.74 miAmbleside Drive, Kirkby, Liverpool, L33 2EF3
£80012/240.74 mi-3
£77512/240.77 mi-3
£4,50002/250.89 mi-3
£89512/240.92 miMount Crescent, Kirkby3
£1,09503/240.92 miHighfield Place, Kirkby, L333
£1,22503/240.97 miEastbrook Vilage, Liverpool, L313
£1,30004/240.97 miHarrier Close, Maghull3
£1,22512/240.98 miEastbrook Vilage, Liverpool, L313
£1,16504/240.98 miEastbrook Vilage, Liverpool, L313
£89502/251 mi-3
£1,05004/241 miHighfield Place, Kirkby, L333
£1,10004/241 miGadwall Close, Maghull, L31 1GQ3
£79512/241.04 mi-3
£1,05004/241.04 miHighfield Place, Kirkby, L333
£1,20001/241.05 mi-4
£97512/241.06 mi-3
£1,25003/251.07 mi-4
£89503/251.1 mi-3
£90001/251.16 mi-3
£90003/251.16 mi-3
£85012/241.21 mi-3
£1,45004/241.22 miGranbourne Chase, Kirkby Park4
£1,40004/241.24 miWillow Hey, Maghull4

Local Area Statistics

Population in L31

30,316

Population in Liverpool

675,519

Town centre distance

4.36 miles away

Nearest school

0.80 miles away

Nearest train station

1.12 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Listed for £700,000

July 25, 2024

Sold for £125,000

2002

Floor Plans

Description

  • Prestigious Detached Property +
  • Four Bedrooms +
  • Beautifully Arranged Formal Gardens +
  • Large Driveway Providing Ample Parking +
  • Three Spacious Reception Areas +
  • 47ft Adjoining Swimming Pool House with Changing Room and Shower +
  • Barn With Planning Permission For A New Build Four Bedroom Barn Conversion With Separate Access +
  • Prime Location +

Arnold & Phillips are delighted to offer this prestigious four-bedroom detached property, “Midway,” nestled privately behind secure electric gates along the semi-rural Bank Lane in Melling. This unique property is an appealing proposition with its luxurious features and prime location, alongside its compelling development capacity. Nearby, residents can enjoy excellent schools, a variety of shops, and numerous amenities, making it an ideal choice for families and professionals.

Melling is a highly sought-after area known for its tranquil, countryside ambiance while still providing convenient transport links. Residents have easy access to major roadways and public transportation, ensuring a seamless commute to Liverpool, Manchester, and other surrounding areas. The local community offers a welcoming atmosphere with abundant green spaces, parks, and recreational facilities.

The exterior of “Midway” is truly captivating, featuring beautifully arranged formal gardens that are well-established with turfed lawns, a variety of plants, trees, and ample flowers. The approach to the property is impressive, with a large driveway providing ample parking and enhancing the home’s curb appeal. The electric gates offer added security and privacy, making it a perfect sanctuary.

Upon entering the ground floor, you are welcomed by three spacious reception areas, perfect for both entertaining guests and enjoying family time. The modern kitchen is beautifully finished, offering an abundance of units, high-end appliances, and a central feature island that serves as the heart of the home. Additionally, the ground floor boasts a second family bathroom with a walk-in double shower and bath, adding convenience. The first floor of the property comprises four well-proportioned bedrooms, all neutrally decorated with integrated wardrobes. The large family bathroom is fully tiled and features his and hers vanity wash hand basins, a WC, and a shower, providing a luxurious and practical space for the family.

Externally, the property’s highlights include a stunning 47 ft adjoining swimming pool house with changing room and shower, which opens onto a large patio terrace—an ideal setting for outdoor entertaining. The rear of the plot features a barn that has been granted full planning permission for a new-build four-bedroom barn conversion with separate access. This development potential offers a unique investment opportunity, whether for combining families or for individual use and would enjoy its own private access.

Owning “Midway” comes with numerous benefits, including the potential for future development and the chance to create your dream property. The plot comes with full planning permission to develop a stunning four-bedroom detached barn conversion, extending to approximately 1694 sq. ft. The proposed design offers generous living accommodation, including a striking open-plan family dining kitchen and well-proportioned bedrooms, all with delightful views of the surrounding area.In addition to the spacious interior, the plot includes generous wrap-around gardens and access to the plot is via a quiet lane ensuring privacy and exclusivity. This is a unique chance to blend rustic traditional barn features with contemporary convenience, creating your dream home in an idyllic setting.Detailed information about this exciting development can be found via the local authority planning portal (Ref. No: DC/2020/02004), and our office is available to provide further details. Opportunities like this, with full planning permission for a stunning barn conversion, are seldom available. Early viewing of this established plot is highly recommended to fully appreciate its potential. Don’t miss out on the chance to bring your vision to life – contact us today to arrange a viewing.
Extending to around 3,419 square feet for the main house and with around 1,700 square feet for the barn conversion, this unique proposition is well worthy of consideration. It is perfect for those looking to enjoy luxurious living in a semi-rural setting while still having the opportunity to expand and personalise their living space.
 Tenure: We are advised by our client that the property is Freehold
Council Tax Band: F
Every care has been taken with the preparation of these property details, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. These property details do not constitute a contract or part of a contract. We are not qualified to verify tenure of property. Prospective purchasers should seek clarification from their solicitor or verify the tenure of this property for themselves by visiting mention of any appliances, fixtures or fittings does not imply they are in working order. Photographs are reproduced for general information, and it cannot be inferred that any item shown is included in the sale. All dimensions are approximate.

Agent Details

Arnold & Phillips, Ormskirk

01695 317473

Next Steps?

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