4 Bed Terraced House, Refurb/BRRR, Wallasey, CH44 0DE, £120,000

Rice Lane, Wallasey, Wirral, CH44 0DE - 9 views - 8 months ago

Under Offer
Refurb/BRRR
ROI: 4%
~129 m²
+15 photos

ValuationUndervalued

Sold Prices£95K - £560K
Sold Prices/m²£875/m² - £2.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£928/m²

Value Estimate

£127,500
BMV2%

 

 

End Value (After Refurb)

£161,668

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£54,492

Bridging Loan Interest

£3,150

Total Cash In

£94,342

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£161,668

Mortgage (After Refinance)

£121,251

Mortgage LTV

75%

Cash Released

£31,251

Cash Left In

£63,090

Equity

£40,417

Rent Range

£625 - £3,800

Rent Estimate

£1,033

Running Costs/mo

£732

Cashflow/mo

£301

Cashflow/yr

£3,614

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £95K to £560K, average is £158.5K. £875/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£173K01/230.03 mi26, Rice Lane, Wallasey, Merseyside CH44 0DG4
£130K06/230.06 mi13, Glenalmond Road, Wallasey, Merseyside CH44 0DB4
£115K08/210.07 mi33, Wright Street, Wallasey, Merseyside CH44 8BD4
£95K03/230.07 mi47, Wright Street, Wallasey, Merseyside CH44 8BD4
£240K01/210.1 mi14, Egremont Promenade, Wallasey, Merseyside CH44 8BG4
£121.3K07/210.14 mi45, Charlotte Road, Wallasey, Merseyside CH44 0DN4
£115K10/200.17 mi2, Brompton Avenue, Wallasey, Merseyside CH44 0BD4
£220K01/210.17 mi20, Crescent Road, Wallasey, Merseyside CH44 0BQ4
£180K03/230.19 mi7, Bristol Avenue, Wallasey, Merseyside CH44 0BB4
£193K02/210.24 mi24, Rosebery Avenue, Wallasey, Merseyside CH44 0BE4
£145K06/210.24 mi21, Chepstow Avenue, Wallasey, Merseyside CH44 0BA4
£125.4K04/210.28 mi13, Littledale Road, Wallasey, Merseyside CH44 8EE4
£150K12/200.29 mi29, Upper Rice Lane, Wallasey, Merseyside CH44 1DP4
£200K07/210.29 mi7, Wilson Road, Wallasey, Merseyside CH44 8BU4
£250K11/220.31 mi4, Hawarden Avenue, Wallasey, Merseyside CH44 0AW4
£135K11/210.32 mi8, Parkside, Wallasey, Merseyside CH44 9AJ4
£170K02/230.33 mi65, Liscard Road, Wallasey, Merseyside CH44 9AD4
£154.9K12/200.33 mi40, Rivington Road, Wallasey, Merseyside CH44 9AW4
£145K04/210.33 mi42, Rivington Road, Wallasey, Merseyside CH44 9AW4
£117.5K03/210.34 mi15, Rivington Road, Wallasey, Merseyside CH44 9AN4
£171K06/210.35 mi25, Central Park Avenue, Wallasey, Merseyside CH44 0AG4
£157K08/210.35 mi3, Central Park Avenue, Wallasey, Merseyside CH44 0AG4
£135K04/210.35 mi1, Wesley Avenue, Wallasey, Merseyside CH44 1DL4
£215K02/230.38 mi2, Devon Avenue, Wallasey, Merseyside CH45 7LY4
£173.5K04/220.4 mi112g, Manor Road, Wallasey, Merseyside CH45 7LX4
£119K02/210.43 mi6, Brougham Road, Wallasey, Merseyside CH44 6PW4
£155K07/230.43 mi6, Brougham Road, Wallasey, Merseyside CH44 6PW4
£300K02/230.43 mi7, Silverbeech Road, Wallasey, Merseyside CH44 9BT4
£350K09/210.44 mi33, Belgrave Street, Wallasey, Merseyside CH44 1BP4
£122K03/210.45 mi5, Mainwaring Road, Wallasey, Merseyside CH44 9DN4
£105K11/200.45 mi39, Mainwaring Road, Wallasey, Merseyside CH44 9DN4
£129K06/230.45 mi42, Walsingham Road, Wallasey, Merseyside CH44 9DY4
£98K04/210.45 mi71, Hampstead Road, Wallasey, Merseyside CH44 9BJ4
£153K01/230.47 mi21, Trinity Road, Wallasey, Merseyside CH44 1BD4
£145K02/210.47 mi19, Trinity Road, Wallasey, Merseyside CH44 1BD4
£370K02/230.47 mi9, Warwick Drive, Wallasey, Merseyside CH45 7PJ4
£240K02/230.51 mi9, Pendennis Road, Wallasey, Merseyside CH44 9BX4
£188K02/230.53 mi71, Withens Lane, Wallasey, Merseyside CH45 7NE4
£133K03/230.54 mi33, Annesley Road, Wallasey, Merseyside CH44 9DA4
£162.5K05/210.54 mi1, Annesley Road, Wallasey, Merseyside CH44 9BZ4
£165K12/200.56 mi66, Annesley Road, Wallasey, Merseyside CH44 9DB4
£180K02/230.59 mi71, Deveraux Drive, Wallasey, Merseyside CH44 4DQ4
£187K10/210.6 mi5, Parkfield Drive, Wallasey, Merseyside CH44 5UN4
£155K12/200.6 mi41, Manor Road, Wallasey, Merseyside CH45 4JA4
£162K05/210.6 mi39, Manor Road, Wallasey, Merseyside CH45 4JA4
£160K01/210.61 mi26, Parkfield Drive, Wallasey, Merseyside CH44 5UW4
£150K05/230.61 mi24, Parkfield Drive, Wallasey, Merseyside CH44 5UW4
£167K05/230.61 mi12, Barnwell Avenue, Wallasey, Merseyside CH44 1AA4
£560K03/220.65 mi52, Hertford Drive, Wallasey, Merseyside CH45 7PX4
£184.9K02/210.68 mi52, Longland Road, Wallasey, Merseyside CH45 5DW4

Local Rents

51 rents from £625/mo to £3.8K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£79505/240.06 mi-4
£69503/240.07 mi-3
£3,80003/240.13 mi-6
£3,40003/250.14 mi-5
£3,40004/250.14 mi-5
£3,69504/250.14 mi-6
£2,29505/240.14 mi-4
£2,29504/240.14 mi-4
£2,29504/240.14 mi-4
£2,40012/240.14 mi-4
£2,80002/250.14 mi-4
£2,80004/250.14 mi-4
£74812/230.14 mi-3
£69505/240.16 miCharlotte Road, Wallasey3
£69512/240.16 miCharlotte Road, Wallasey3
£75003/240.26 miExeter Road, Wallasey3
£1,29505/240.27 mi-3
£1,29512/240.27 mi-3
£1,29509/240.27 mi-3
£1,39504/250.27 mi-3
£1,37503/240.27 miGibson House, Wallasey, CH443
£1,37503/240.27 miGibson House, Wallasey, CH443
£1,29504/240.27 miGibson House, Wallasey, CH443
£1,29512/240.27 miGibson House, Wallasey, CH443
£65005/240.28 miLiscard Road, Wallasey3
£71504/240.28 miRivington Road, Wallasey, CH443
£71504/240.28 miRivington Road, Wallasey, CH443
£71504/240.28 mi-3
£64503/240.29 miBuchanan Road3
£64504/240.29 miBuchanan Road3
£1,05005/240.31 miBuchanan Road, Wallasey, Merseyside, CH448DN4
£80009/240.31 mi-3
£1,05004/240.31 miBuchanan Road, Wallasey, Merseyside, CH444
£78502/240.36 mi-3
£78502/240.36 mi-3
£62501/240.38 mi-4
£85003/240.38 miManor Road, Wallasey, Wirral3
£80005/240.38 mi-3
£79512/240.4 miKenilworth Road Wallasey3
£73012/240.41 mi-3
£77510/240.42 mi-3
£89503/240.42 miPark Street, Wallasey3
£75001/240.42 mi-3
£97512/240.43 mi-4
£89503/240.44 miPark Road, Wallasey4
£85012/230.45 mi-3
£1,00003/240.46 mi-4
£75009/240.46 mi-3
£89503/240.47 miTrinity Road, Wallasey, CH444
£73502/240.47 mi-3
£75004/240.5 miSt Marys Street Wallasey3

Local Area Statistics

Population in CH44

29,995

Population in Wallasey

60,790

Town centre distance

1 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+48%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Price changed to £120,000

February 4, 2025

Listed for £125,000

September 7, 2024

Floor Plans

Description

  • Virtual Tour Available +
  • 1097 Sq Ft (Approx) +
  • Council Tax Band A +
  • Freehold +
  • Four Bedroom Terraced Property +
  • Scope to renovate +
  • Two Reception area's +
  • Four sizeable Bedrooms +
  • Sunny Garden +
  • Local Amenities in close proximity +

No ongoing chain! Situated in a convenient and popular location of Wallasey lies this deceptively spacious terraced home. Bursting with potential to renovate and boasting a generous living room, kitchen/dining area, four sizeable bedrooms and a sunny garden! Potential yield of 8.5%!

Walking in through the front door the kitchen dining room is to your left. This sizeable space also has a large window allowing plenty of light to flood the room and a rear door giving you access to the garden. The living room is to the right and is a fantastic size with patio doors. Downstairs also has a handy W/C.
Upstairs on the first floor you will find four well-proportioned bedrooms. The family bathroom is currently a three piece suite.
Outside to the rear of the home is a large sunny garden. South facing, it is the perfect place for family BBQs in the Summer months! The garden is mostly made up of lawn and paving for ease of maintenance.

This home is deceptively spacious inside and out! In need of some modernisation the property offers a wealth of potential and is waiting to be restored into a fantastic family home!

If purchased at £125,000 this home gives a potential yield of 8.5% with a rental value of IRO £875.

Situated in a highly desirable and convenient location perfect for local schooling, transport links and amenities!

Call the Wallasey Branch today to arrange your own viewing.

Agent Details

Karl Tatler Estate Agents, Wallasey

0151 453 2840

Next Steps?

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