3 Bed Terraced House, Refurb/BRRR, Liverpool, L24 2SU, £120,000

Damwood Road, Liverpool, L24 2SU - 2 views - 6 months ago

Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£85K - £260K
Sold Prices/m²£854/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£117,896

 

 

End Value (After Refurb)

£135,625

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£39,428

Bridging Loan Interest

£3,150

Total Cash In

£79,128

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£135,625

Mortgage (After Refinance)

£101,719

Mortgage LTV

75%

Cash Released

£11,719

Cash Left In

£67,410

Equity

£33,906

Rent Range

£550 - £1,150

Rent Estimate

£889

Running Costs/mo

£622

Cashflow/mo

£267

Cashflow/yr

£3,208

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £85K to £260K, average is £128.3K. £854/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£128K11/210.06 mi213, Hale Drive, Liverpool, Merseyside L24 2TF3
£130K10/200.07 mi128, Eastern Avenue, Liverpool, Merseyside L24 2TD3
£167K08/230.11 mi17, East Dam Wood Road, Liverpool, Merseyside L24 7RG3
£165K08/220.17 mi22, Heathgate Avenue, Liverpool, Merseyside L24 7RR3
£130K04/230.2 mi92, Little Heath Road, Liverpool, Merseyside L24 2TP3
£85K10/200.21 mi77, Oldbridge Road, Liverpool, Merseyside L24 2TW3
£127.5K12/200.22 mi37, Central Way, Liverpool, Merseyside L24 2SJ3
£140K06/210.22 mi91, Eastern Avenue, Liverpool, Merseyside L24 2SY3
£85K01/210.23 mi38, East Dam Wood Road, Liverpool, Merseyside L24 7RJ3
£110K01/210.24 mi181, Hale Drive, Liverpool, Merseyside L24 2TE3
£115K07/210.24 mi157, Hale Drive, Liverpool, Merseyside L24 2TE3
£127.5K02/210.26 mi75, Heathgate Avenue, Liverpool, Merseyside L24 7RS3
£138K03/230.27 mi71, Critchley Road, Liverpool, Merseyside L24 7RN3
£128.5K04/210.27 mi229, Damwood Road, Liverpool, Merseyside L24 2SS3
£162K11/210.29 mi89, Ganworth Road, Liverpool, Merseyside L24 2SA3
£110.5K05/230.32 mi77, Heaton Close, Liverpool, Merseyside L24 2UQ3
£148K12/220.36 mi21h, Alderwood Avenue, Liverpool, Merseyside L24 2UB3
£185K06/230.36 mi2, Alderwood Avenue, Liverpool, Merseyside L24 2UE3
£143K04/230.37 mi6, Ringsfield Road, Liverpool, Merseyside L24 7SQ3
£115K10/220.37 mi41, All Hallows Drive, Liverpool, Merseyside L24 2RA3
£100K10/210.38 mi29, Eastern Avenue, Liverpool, Merseyside L24 2SX3
£105K10/210.38 mi131, East Dam Wood Road, Liverpool, Merseyside L24 7RH3
£115K02/210.39 mi30, All Hallows Drive, Liverpool, Merseyside L24 2RA3
£260K02/210.42 mi240, Hale Road, Hale Village, Liverpool, Halton L24 5RD3
£108K06/210.45 mi2, Cassley Road, Liverpool, Merseyside L24 6SP3
£155K12/220.45 mi14, Cassley Road, Liverpool, Merseyside L24 6SP3
£152K12/220.45 mi12, Cassley Road, Liverpool, Merseyside L24 6SP3
£120K06/230.47 mi30, Croyde Road, Liverpool, Merseyside L24 6SA3
£226K10/200.47 mi4, Baileys Lane, Hale Village, Liverpool, Halton L24 5RG3
£103K12/200.49 mi39, Millwood Road, Liverpool, Merseyside L24 2UP3
£110K04/210.49 mi151, East Millwood Road, Liverpool, Merseyside L24 6SG3
£115K03/210.52 mi4, Marton Green, Liverpool, Merseyside L24 0SH3
£153K08/220.53 mi166, Alderfield Drive, Liverpool, Merseyside L24 6TA3
£126K04/210.56 mi6, Oak View, Liverpool, Merseyside L24 6SH3
£130K09/220.57 mi10, Alderfield Drive, Liverpool, Merseyside L24 6SU3
£135K09/220.59 mi63, Maintree Crescent, Liverpool, Merseyside L24 6SW3
£90K01/210.65 mi104, Alderfield Drive, Liverpool, Merseyside L24 6SX3
£112.5K10/200.65 mi142, Alderfield Drive, Liverpool, Merseyside L24 6SX3
£120K07/210.66 mi1, Hindley Walk, Liverpool, Merseyside L24 0TF3
£158K08/220.7 mi77, Tarbock Road, Speke, Liverpool, Merseyside L24 0SW3
£165K02/230.72 mi26, Lovel Road, Liverpool, Merseyside L24 3UE3
£160K09/220.77 mi21, Fenton Close, Liverpool, Merseyside L24 3UH3
£141K12/220.77 mi159, Hale Road, Speke, Liverpool, Merseyside L24 1UF3
£121K10/200.77 mi34, Lovel Way, Liverpool, Merseyside L24 3XE3
£117K11/200.77 mi20, Central Avenue, Liverpool, Merseyside L24 3XQ3
£147K08/220.77 mi12, Damwood Road, Liverpool, Merseyside L24 3XF3
£140K04/210.78 mi21, Damwood Road, Liverpool, Merseyside L24 3XF3
£98K10/200.81 mi170, Linner Road, Liverpool, Merseyside L24 3UL3
£88K11/200.83 mi19, Wellbrook Close, Liverpool, Merseyside L24 0SU3
£130K06/230.87 mi58, Linner Road, Liverpool, Merseyside L24 0SZ3

Local Rents

13 rents from £550/mo to £1.1K/mo, average is £845/mo.

RentDateDistanceAddressBeds 
£1,10012/240.16 mi-3
£1,15011/240.16 mi-3
£1,05012/240.16 miCentral Way, Liverpool, L243
£79503/230.18 mi-3
£74512/230.21 mi-3
£55008/230.39 mi-3
£59407/240.4 mi-3
£57501/240.4 mi-3
£84505/240.41 mi-3
£84512/240.41 miHarland Green, Liverpool, L243
£90011/240.52 mi-3
£75002/250.53 mi-3
£1,10011/240.59 mi-3

Local Area Statistics

Population in L24

15,951

Population in Liverpool

675,519

Town centre distance

10.21 miles away

Nearest school

0.30 miles away

Nearest train station

1.76 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £120,000

September 30, 2024

Floor Plans

Description

  • Mid Terrace Family Home +
  • In Need Of Some Modernisation +
  • Lounge & Dining Room +
  • Fitted Kitchen +
  • Three Bedrooms & Family Bathroom +
  • Separate W.C. +
  • Driveway Parking +
  • Gardens To The Front & Rear +
  • Close To Local Amenities & Transport Networks +
  • Viewing Highly Recommended +

The Property
This mid-terrace family home on Damwood Road offers a fantastic opportunity for those seeking a property with potential for improvement. In need of some refurbishment, this home is ideal for buyers looking to create a space tailored to their personal taste and style. The ground floor features an entrance hall that leads to a spacious lounge, providing a cosy area for relaxation. Adjacent to the lounge is a separate dining room, perfect for family meals or entertaining. The fitted kitchen offers functionality and ample storage, with the potential to modernise.

To the first floor, the property boasts three generously sized bedrooms, offering flexible living space for family members. The family bathroom is complemented by a separate W.C, adding convenience for busy households.

Externally, the property benefits from a driveway at the front, providing off-road parking. The front and rear gardens offer outdoor space for gardening, play, or simply enjoying some fresh air, with the rear garden providing a private area for outdoor activities.

Located in a popular residential area of Liverpool’s L24, this home is close to local amenities, schools, and transport links, making it a practical choice for families. With its spacious layout and the potential to add value through refurbishment, this mid-terrace property represents an excellent opportunity to create a comfortable family home in a convenient location.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Liverpool

020 3907 2647

Next Steps?

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

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