2 Bed Flat, Single Let, Bootle, L30 3TN, £50,000

St. Aidans Way, Bootle, L30 3TN - 8 months ago

Under Offer
Leasehold
BTL
ROI: 17%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£30K - £105K
Sold Prices/m²£794/m² - £1.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£62,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Total Cash In

£16,200

 

 

Cash Out

 

Rent Range

£472 - £1,950

Rent Estimate

£500

Running Costs/mo

£276

Cashflow/mo

£224

Cashflow/yr

£2,685

ROI

17%

Gross Yield

12%

Local Sold Prices

22 sold prices from £30K to £105K, average is £72.5K. £794/m² to £1.7K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£30K03/220 mi48, St Aidans Way, Bootle, Merseyside L30 3TN2
£55K03/220.01 mi26, St Aidans Way, Bootle, Merseyside L30 3TN2
£58K11/230.04 mi12, St Damians Croft, Bootle, Merseyside L30 3TS2
£78K07/210.1 mi6, The Marian Way, Bootle, Merseyside L30 3TF2
£57K10/230.18 mi7, The Marian Close, Bootle, Merseyside L30 3TR2
£50K03/230.28 mi163, The Marian Way, Bootle, Merseyside L30 3TE2
£65K12/210.41 mi12, John Hunter Way, Bootle, Merseyside L30 5RJ2
£94K01/230.41 mi27, Poulsom Drive, Bootle, Merseyside L30 2NQ2
£82K02/210.41 mi22, Green Hey Drive, Bootle, Merseyside L30 2NT2
£105K03/230.47 mi52, Simons Croft, Bootle, Merseyside L30 2RY2
£50K01/230.48 mi60, Marie Curie Avenue, Bootle, Merseyside L30 5RY2
£48K10/210.5 mi76, Marie Curie Avenue, Bootle, Merseyside L30 5RZ2
£77.5K09/220.52 mi170, Stonyfield, Bootle, Merseyside L30 0RF2
£65K09/230.53 mi118, Stonyfield, Bootle, Merseyside L30 0RE2
£80K03/230.62 mi52, Maritime Court, Bootle, Merseyside L30 7PU2
£75K06/210.64 mi2, Green Park, Bootle, Merseyside L30 7PP2
£80K05/210.64 mi21, Green Park, Bootle, Merseyside L30 7PP2
£80K05/210.64 mi21, Green Park, Bootle, Merseyside L30 7PP2
£75K06/210.64 mi2, Green Park, Bootle, Merseyside L30 7PP2
£100K10/220.66 mi6, Green Park, Bootle, Merseyside L30 7PP2
£53K08/220.83 mi6, Cross Hey, Ford, Liverpool, Merseyside L21 0ER2
£70K10/210.95 mi59, Amaury Road, Liverpool, Merseyside L23 9UY2

Local Rents

14 rents from £472/mo to £1.9K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£47205/240 miSt. Aidans Way, Bootle, Merseyside, L302
£60009/230.03 mi-2
£60011/240.03 mi-2
£72511/230.21 mi-2
£79508/240.23 mi-2
£75007/230.36 mi-2
£80003/230.37 mi-2
£80007/230.37 mi-2
£90009/240.37 mi-2
£1,95005/240.37 mi-2
£1,95006/240.37 mi-2
£65004/230.4 mi-2
£59006/230.49 mi-2
£67512/230.53 mi-2

Local Area Statistics

Population in L30

19,983

Population in Bootle

51,353

Town centre distance

1.53 miles away

Nearest school

0.10 miles away

Nearest train station

1.23 miles away

 

 

Rental growth (12m)

+24%

Sales demand

Seller's market

Capital growth (5yrs)

+43%

Property History

Listed for £50,000

August 20, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Garden Ground Space +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Bootle. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen, bathroom and garden space.

Investment details

It currently produces an annual gross income of £6,000 which could be increased by the new owner to a market rate of £10,080 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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