2 Bed Flat, Cash/Bridging Only, Liverpool, L8 7QA, £165,000

88 Falkner Place, 68 Falkner Street, Liverpool, L8, L8 7QA - 4 views - 8 months ago

Leasehold
Cash
ROI: 7%
48 m²
+8 photos

ValuationOvervalued

Sold Prices£85K - £315K
Sold Prices/m²£1.2K/m² - £5K/m²

 

 

Square Metres

47.77 m²
Price/m²£3.5K/m²

Value Estimate

£96,443

 

 

End Value (After Refurb)

£115,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Refurb Costs

£20,199

Bridging Loan Interest

£4,331

Total Cash In

£73,681

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£115,000

Mortgage (After Refinance)

£86,250

Mortgage LTV

75%

Cash Left In

£73,681

Equity

£28,750

Rent Range

£542 - £1,950

Rent Estimate

£979

Running Costs/mo

£575

Cashflow/mo

£404

Cashflow/yr

£4,846

ROI

7%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £315K, average is £117K. £1.2K/m² to £5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£89K09/220.26 mi161, Minster Court, Liverpool, Merseyside L7 3QE2
£124K08/220.26 mi143, Minster Court, Liverpool, Merseyside L7 3QE2
£98K03/210.26 mi114, Minster Court, Liverpool, Merseyside L7 3QE2
£110K10/210.26 mi20, Minster Court, Liverpool, Merseyside L7 3QB2
£96K10/210.26 mi26, Minster Court, Liverpool, Merseyside L7 3QB2
£100K05/240.26 mi25, Minster Court, Liverpool, Merseyside L7 3QB2
£85K05/220.26 mi132, Minster Court, Liverpool, Merseyside L7 3QE2
£130K04/230.29 mi82, Chancellor Court, Liverpool, Merseyside L8 7BE2
£107K05/210.29 mi80, Chancellor Court, Liverpool, Merseyside L8 7BE2
£110K11/210.29 mi85, Chancellor Court, Liverpool, Merseyside L8 7BE2
£107K02/210.29 mi190, Minster Court, Liverpool, Merseyside L7 3QF2
£117K10/200.29 mi175, Minster Court, Liverpool, Merseyside L7 3QF2
£120K10/230.3 mi254, Minster Court, Liverpool, Merseyside L7 3QH2
£115K05/230.3 mi255, Minster Court, Liverpool, Merseyside L7 3QH2
£115K04/230.3 mi202, Minster Court, Liverpool, Merseyside L7 3QH2
£112K12/200.3 mi277, Minster Court, Liverpool, Merseyside L7 3QH2
£90K07/210.3 mi253, Minster Court, Liverpool, Merseyside L7 3QH2
£105K07/210.3 mi271, Minster Court, Liverpool, Merseyside L7 3QH2
£118K04/210.32 mi76, Chancellor Court, Liverpool, Merseyside L8 7BD2
£117K03/230.32 mi4, Chancellor Court, Liverpool, Merseyside L8 7BB2
£95K02/210.35 mi111, Crown Station Place, Liverpool, Merseyside L7 3LB2
£101K02/230.35 mi108, Crown Station Place, Liverpool, Merseyside L7 3LB2
£96.5K08/220.35 mi59, Crown Station Place, Liverpool, Merseyside L7 3LB2
£96K10/200.35 mi69, Crown Station Place, Liverpool, Merseyside L7 3LB2
£94.8K12/210.35 mi81, Crown Station Place, Liverpool, Merseyside L7 3LB2
£103K09/230.35 mi86, Crown Station Place, Liverpool, Merseyside L7 3LB2
£107.5K10/230.35 mi94, Crown Station Place, Liverpool, Merseyside L7 3LB2
£150.5K01/230.43 mi10, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£113K03/230.43 mi37, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£150K10/200.43 mi40, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£122K10/220.44 mi20d, Upper Parliament Street, Liverpool, Merseyside L8 1TE2
£122.5K09/230.45 mi20c, Upper Parliament Street, Liverpool, Merseyside L8 1TE2
£118.5K01/210.45 mi8a, Upper Parliament Street, Liverpool, Merseyside L8 1TE2
£120K05/240.45 mi6b, Upper Parliament Street, Liverpool, Merseyside L8 1TE2
£117.5K07/210.48 mi20, Anglican Court, Liverpool, Merseyside L8 1YY2
£131K11/210.49 mi19, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£195K02/210.49 mi18, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£101K12/200.49 mi31, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£120K02/210.54 mi82, St Andrew Street, Liverpool, Merseyside L3 5XY2
£155K09/230.54 mi109, Benson Street, Liverpool, Merseyside L1 2SS2
£95K09/230.56 mi21, Acorn Court, Liverpool, Merseyside L8 5TA2
£125K10/230.56 mi40, Acorn Court, Liverpool, Merseyside L8 5TA2
£150K09/230.88 mi8, The Anchorage, Liverpool, Merseyside L3 4DR2
£187.5K08/230.88 mi46, The Anchorage, Liverpool, Merseyside L3 4DR2
£120K02/210.88 mi26, The Anchorage, Liverpool, Merseyside L3 4DR2
£315K11/230.9 miEast Quay, Flat 48, Wapping Quay, Liverpool, Merseyside L3 4BU2
£260K12/200.9 miFlat 11, North Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£275K10/200.9 miFlat 38, East Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£285K04/240.9 miEast Quay, Flat 33, Wapping Quay, Liverpool, Merseyside L3 4BU2
£130K11/220.9 mi35, Gilmartin Grove, Liverpool, Merseyside L6 1EG2

Local Rents

50 rents from £542/mo to £1.9K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,19504/240.06 miCanning St, Liverpool2
£1,10005/240.06 miCanning Street, L82
£1,25012/240.08 mi-2
£95004/240.08 mi80 Canning Street, Liverpool2
£1,00005/240.08 mi80 Canning Street, Liverpool2
£90005/240.11 miCatharine Street, L82
£1,31505/240.11 miVine Street, Liverpool, Merseyside, L72
£1,23504/240.11 miVine Street, Liverpool, Merseyside, L72
£99003/240.11 miVine Street, Liverpool, Merseyside, L72
£75004/240.13 miCanning Street, Liverpool2
£54204/240.13 miFlat 4, 72 Huskisson Street Let Only2
£97504/240.13 miHuskisson Street, L82
£57605/240.13 miFlat 8, 72 Huskisson Street, Liverpool, Merseyside, L82
£1,15005/240.14 miSandon Street, Liverpool, Merseyside, L82
£56804/240.15 miFalkner Square, Liverpool, Merseyside, L82
£1,10004/240.16 miCanning Street, Liverpool, L82
£87505/240.16 miCatharine Street, L8 7NE, 2
£95003/250.16 mi-2
£1,49505/240.17 miEgerton Street, Georgian Quarter, Liverpool, L8 7LY2
£75004/240.17 miEgerton Street L82
£75005/240.17 miEgerton Street L82
£82512/240.17 miEgerton Street, L82
£1,10004/240.17 miCanning Street, L82
£1,95001/250.19 mi-2
£1,75002/250.2 mi-2
£95003/250.2 mi-2
£1,30004/240.2 miHope Way2
£89505/240.21 mi-2
£89512/240.21 mi-2
£89512/240.21 mi-2
£89512/240.21 mi-2
£87503/250.22 mi-2
£95004/240.22 miThe Symphony, Stowell Street. Liverpool. L72
£95005/240.22 miStowell Street, Liverpool, L7 7DL2
£95005/240.22 miThe Symphony, Stowell Street. Liverpool. L72
£1,19004/250.23 mi-2
£1,20001/250.23 mi-2
£92505/240.23 miStowell Street, Liverpool2
£80004/240.24 mi-2
£1,20003/250.25 mi-2
£1,00003/240.26 mi-2
£1,30006/240.26 mi-2
£1,30006/240.26 miGambier Terrace, Liverpool, L12
£75012/240.26 mi-2
£80005/240.26 miMinster Court, LIVERPOOL2
£67512/240.26 mi-2
£75005/240.27 mi-2
£75005/240.27 miMinster Court, Liverpool, L72
£87505/240.29 miChancellor Court L82
£85005/240.29 miChancellor Court, Liverpool, Merseyside, L82

Local Area Statistics

Population in L8

32,039

Population in Liverpool

675,519

Town centre distance

4.15 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+50%

Property History

Listed for £165,000

July 25, 2024

Description

  • Concierge +
  • Gym +
  • Popular Rental Accommodation +
  • Private Balcony +
  • City Centre Location +
  • Cash Only +
  • Modern Duplex Apartment +
  • Sought after location +
  • 2 Bedrooms +

Urban Evolution are pleased to market this modern, spacious 2 bedroom duplex with private balcony located in the sought after area of The Georgian Quarter. Rent £1,200pcm...7%yield!!

The apartment is located on the 4th floor, as you enter the property you are welcomed into a spacious hallway with the two bedrooms and bathroom leading off. Both bedrooms are good size doubles with large windows. The master bedroom has fitted wardrobes and access to the private balcony. The upper floor consists of a open plan lounge/kitchen diner area with large windows bringing in lots of natural light into the apartment. Both bathroom and kitchen are modern.

The property is located in the heart of the Georgian Quarter walking distance to the city centre. The area is popular with local visitors and tourists as its where you will find Liverpool's two cathedrals, Liverpool Anglican Cathedral and the gothic Metropolitan Cathedral. The famous Royal Liverpool Philharmonic Orchestra has its residency at the art deco Philharmonic Hall and the award winning Everyman Theatre. The cobbled streets, impressive Georgian townhouses, traditional pubs, delicious restaurants and cultural venues make the Georgian Quarter one of the most beauties parts of the city.

The area is accessible via regular bus routes from around the city and Liverpool Central Train station.

Enquire today for more information and to arrange your viewing.

Agent Details

Urban Evolution, Liverpool

0151 453 3028

Next Steps?

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