2 Bed Flat, Cash/Bridging Only, Liverpool, L3 8NP, £50,000

Haigh Street, Liverpool, Merseyside, L3 8NP - 20 views - 8 months ago

Leasehold

Cash

ROI: 11%

~68 m²

+3 photos

ValuationFair Value

Sold Prices	£37K - £155K
Sold Prices/m²	£352/m² - £5K/m²

Square Metres	~68.11 m²
Price/m²	£734/m²
Value Estimate	£51,000£51,000

End Value (After Refurb)	£121,494£121,494
Uplift in Value	+143%+143%
You could potentially get back more cash than you put into this deal. All your cash out plus £6,649 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£12,500£12,500
Stamp Duty & Legal Fees	£2,700£2,700
Refurb Costs	£28,709£28,709
Bridging Loan Interest	£1,313£1,313
Total Cash In	£46,972£46,972

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£121,494£121,494
Agent Fees (1%)	£1,215£1,215
Bridging Loan	£37,500£37,500
Bridging Loan Interest	£1,313£1,313
Flip Profit	£35,807£35,807

Local Sold Prices

20 sold prices from £37K to £155K, average is £94K. £352/m² to £5K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£100K	12/21	0.1 mi	133, Salisbury Street, Liverpool, Merseyside L3 8BT	£1,493	67	2	Flat
£82K	03/21	0.39 mi	30, Dobson Street, Liverpool, Merseyside L6 2JG	£1,640	50	2	Flat
£90K	05/23	0.39 mi	24, Dobson Street, Liverpool, Merseyside L6 2JG	£1,765	51	2	Flat
£130K	11/22	0.4 mi	35, Gilmartin Grove, Liverpool, Merseyside L6 1EG	£4,998	26	2	Flat
£117K	07/22	0.4 mi	54, Gilmartin Grove, Liverpool, Merseyside L6 1EG	£1,887	62	2	Flat
£87.5K	11/20	0.4 mi	65, Gilmartin Grove, Liverpool, Merseyside L6 1EG	£1,434	61	2	Flat
£100K	11/20	0.4 mi	60, Gilmartin Grove, Liverpool, Merseyside L6 1EG	£1,638	61	2	Flat
£87.5K	11/20	0.4 mi	65, Gilmartin Grove, Liverpool, Merseyside L6 1EG	£1,434	61	2	Flat
£99K	05/22	0.49 mi	9, Gloucester Court, Liverpool, Merseyside L6 1PQ	£1,338	74	2	Flat
£95K	12/20	0.56 mi	259, Conway Street, Liverpool, Merseyside L5 3BB	£1,284	74	2	Flat
£95K	06/23	0.56 mi	99, Conway Street, Liverpool, Merseyside L5 3BA	£1,105	86	2	Flat
£92.5K	09/22	0.56 mi	19, Conway Street, Liverpool, Merseyside L5 3BA	£1,250	74	2	Flat
£93K	06/22	0.56 mi	181, Conway Street, Liverpool, Merseyside L5 3BB	£1,274	73	2	Flat
£92.5K	10/22	0.56 mi	243, Conway Street, Liverpool, Merseyside L5 3BB	£1,267	73	2	Flat
£80K	12/22	0.56 mi	191, Conway Street, Liverpool, Merseyside L5 3BB	£930	86	2	Flat
£116.1K	07/22	0.6 mi	62, Chapel Gardens, Liverpool, Merseyside L5 5BE	£1,979	59	2	Flat
£120K	02/21	0.66 mi	82, St Andrew Street, Liverpool, Merseyside L3 5XY	£2,263	53	2	Flat
£155K	09/23	0.84 mi	109, Benson Street, Liverpool, Merseyside L1 2SS	£2,141	72	2	Flat
£92K	07/21	0.9 mi	6, Gem Street, Liverpool, Merseyside L5 2AT	-	-	2	Flat
£37K	05/22	0.92 mi	75, James Dunne Avenue, Liverpool, Merseyside L5 8SA	£352	105	2	Flat

Local Rents

50 rents from £600/mo to £2.5K/mo, average is £990/mo.

Rent	Date	Distance	Address	Beds	Type
£875	04/24	0.07 mi	Crompton Court	2	Flat
£795	12/24	0.08 mi	-	2	Flat
£950	06/24	0.1 mi	53 Shaw Street Liverpool	2	Flat
£950	04/24	0.1 mi	Haigh Street, Liverpool	2	Flat
£1,100	02/25	0.17 mi	-	2	Flat
£1,000	07/24	0.19 mi	Shaw Street, City Centre, Liverpool, L6	2	Flat
£800	02/24	0.2 mi	-	2	Flat
£750	03/24	0.22 mi	Netherfield Road South, Liverpool, Merseyside, L5	2	Flat
£1,100	05/24	0.22 mi	Shaw Street, Liverpool	2	Flat
£850	05/24	0.22 mi	-	2	Flat
£1,100	12/24	0.23 mi	-	2	Flat
£725	11/21	0.23 mi	Netherfield Road South, Liverpool, Merseyside, L5	2	Flat
£2,500	02/25	0.27 mi	-	2	Flat
£641	07/24	0.29 mi	Churton Court, Liverpool, L6 2AT	2	Flat
£975	05/24	0.29 mi	-	2	Terraced House
£835	05/24	0.31 mi	Everton Road, Liverpool	2	Flat
£1,000	08/24	0.32 mi	10B Moss Street, Liverpool	2	Flat
£870	07/24	0.32 mi	-	2	Flat
£870	07/24	0.32 mi	Moss Street, Liverpool, L6	2	Flat
£1,100	06/24	0.32 mi	Moss Street, Liverpool, L6	2	Flat
£1,100	07/24	0.32 mi	-	2	Flat
£980	07/24	0.32 mi	-	2	Flat
£1,100	07/24	0.32 mi	-	2	Flat
£1,100	04/25	0.32 mi	-	2	Flat
£950	04/24	0.32 mi	-	2	Flat
£1,250	09/24	0.33 mi	Moss Street, Liverpool, L6	2	Flat
£999	08/24	0.33 mi	-	2	Flat
£1,250	09/24	0.33 mi	-	2	Flat
£1,000	02/25	0.33 mi	-	2	Flat
£1,150	03/25	0.33 mi	-	2	Flat
£2,200	12/24	0.33 mi	-	2	Flat
£2,000	12/24	0.33 mi	-	2	Flat
£850	08/24	0.33 mi	Epworth Street L6	2	Flat
£600	04/24	0.34 mi	-	2	Flat
£950	08/24	0.34 mi	9 Epworth Street, Liverpool, Merseyside, L6	2	Flat
£1,200	07/24	0.34 mi	-	2	Flat
£1,200	08/24	0.34 mi	-	2	Flat
£1,200	07/24	0.34 mi	Epworth Street, Liverpool, L6	2	Flat
£1,050	08/24	0.34 mi	Moss Street, L6	2	Flat
£950	10/23	0.34 mi	Epworth Street, Liverpool, Merseyside, L6 1LS	2	Flat
£750	12/24	0.37 mi	-	2	Flat
£725	12/24	0.37 mi	-	2	Flat
£1,100	05/24	0.37 mi	Great Homer Street, Liverpool, Merseyside, L5	2	Flat
£740	12/24	0.39 mi	Kempston Street, Liverpool, L3 8HD	2	Flat
£650	05/24	0.39 mi	Dobson Street, Liverpool	2	Flat
£800	01/25	0.39 mi	-	2	Flat
£1,350	12/24	0.4 mi	-	2	Flat
£1,250	03/25	0.4 mi	-	2	Flat
£1,200	02/25	0.4 mi	-	2	Flat
£750	12/24	0.4 mi	-	2	Flat

Local Area Statistics

Population in L3	17,39617,396
Population in Liverpool	675,519675,519
Town centre distance	3.01 miles away3.01 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.65 miles away0.65 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+67%+67%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £50,000

August 27, 2024

Floor Plans

Description

Two Bedrooms +
One Allocated Parking Space +
Lounge/Dining/Kitchen - Open Plan +
No Chain +

CASH ONLY

Offered for sale with no onward chain, this two bedroom property would make for an ideal first time home or investment opportunity.

Staircasing purchase

Located on Haigh Street the apartment offers close proximity to Liverpool Hope University, The Royal Hospital and transport links offer easy access to Liverpool City Centre and its abundant amenities.

The accommodation briefly comprises; entrance hall, bright open plan living/dining room, and fitted kitchen, master bedroom, second bedroom and family bathroom. The apartment also benefits from a secure allocated parking space. The apartment has an EPC rating of 'B'.

Early viewing is strongly advised to truly appreciate the quality of accommodation on offer.

Council Tax band - B
EPC Grade - B

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.

LIV220571/2

Agent Details

Reeds Rains, Liverpool

0151 453 6482

Next Steps?

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