2 Bed Terraced House, Refurb/BRRR, Liverpool, L4 5UN, £80,000

City Road, Liverpool, L4 5UN - 7 views - 6 months ago

Refurb/BRRR
ROI: 2%
~68 m²
+1 photos

ValuationOvervalued

Sold Prices£25K - £118K
Sold Prices/m²£588/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£70,344

 

 

End Value (After Refurb)

£85,000

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£28,709

Bridging Loan Interest

£2,100

Total Cash In

£56,309

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£85,000

Mortgage (After Refinance)

£63,750

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£52,559

Equity

£21,250

Rent Range

£600 - £2,865

Rent Estimate

£500

Running Costs/mo

£386

Cashflow/mo

£114

Cashflow/yr

£1,373

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £25K to £118K, average is £69.5K. £588/m² to £1.8K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£108K04/230.04 mi142, Goodison Road, Liverpool, Merseyside L4 4EP2
£75K03/210.04 mi99, Goodison Road, Liverpool, Merseyside L4 4EN2
£51.5K03/210.06 mi10, Bardsay Road, Liverpool, Merseyside L4 5SG2
£70K06/230.06 mi49, Bardsay Road, Liverpool, Merseyside L4 5SG2
£66K05/210.09 mi50, Ripon Street, Liverpool, Merseyside L4 5UQ2
£75K05/230.09 mi15, Ripon Street, Liverpool, Merseyside L4 5UG2
£45K05/210.11 mi38, Ismay Street, Liverpool, Merseyside L4 4EF2
£45K05/210.11 mi18, Ismay Street, Liverpool, Merseyside L4 4EF2
£95K01/230.11 mi61, Nimrod Street, Liverpool, Merseyside L4 4DU2
£67K03/230.11 mi38, Emery Street, Liverpool, Merseyside L4 5UZ2
£59K11/200.11 mi41, Ismay Street, Liverpool, Merseyside L4 4EE2
£66K08/210.11 mi80, Nimrod Street, Liverpool, Merseyside L4 4DX2
£85K11/210.11 mi53, Nimrod Street, Liverpool, Merseyside L4 4DU2
£86K02/230.11 mi53, Lowell Street, Liverpool, Merseyside L4 4DL2
£76K07/210.12 mi13, Andrew Street, Liverpool, Merseyside L4 4DS2
£65K07/230.12 mi27, Andrew Street, Liverpool, Merseyside L4 4DS2
£65.3K11/200.12 mi39, Emery Street, Liverpool, Merseyside L4 5UY2
£72.5K04/210.12 mi18, Andrew Street, Liverpool, Merseyside L4 4DT2
£72.5K04/210.12 mi18, Andrew Street, Liverpool, Merseyside L4 4DT2
£55K12/200.19 mi48, Mandeville Street, Liverpool, Merseyside L4 5TL2
£80K11/220.19 mi13, Stepney Grove, Liverpool, Merseyside L4 5SR2
£73.5K12/200.2 mi46, Naseby Street, Liverpool, Merseyside L4 5TT2
£80K03/230.2 mi2, Newburn Street, Liverpool, Merseyside L4 5TU2
£85K06/230.2 mi20, Rymer Grove, Liverpool, Merseyside L4 5ST2
£50K02/210.21 mi11, Golden Grove, Liverpool, Merseyside L4 5SX2
£76K10/210.22 mi16, Golden Grove, Liverpool, Merseyside L4 5SX2
£74K11/210.23 mi17, Nansen Grove, Liverpool, Merseyside L4 5TB2
£85K02/230.26 mi39, Hampden Street, Liverpool, Merseyside L4 5TY2
£118K05/230.3 mi24, St Marys Lane, Liverpool, Merseyside L4 5UA2
£58K08/210.37 mi124, Chirkdale Street, Liverpool, Merseyside L4 3SQ2
£81.3K10/210.37 mi60, Chirkdale Street, Liverpool, Merseyside L4 3SQ2
£51.5K11/200.37 mi28, Ruskin Street, Liverpool, Merseyside L4 3SH2
£62K11/200.39 mi19, Stoddart Road, Liverpool, Merseyside L4 6TR2
£63K12/200.41 mi26, Cairo Street, Liverpool, Merseyside L4 3UA2
£90.5K07/210.43 mi106, Stuart Road, Walton, Liverpool, Merseyside L4 5QX2
£107.5K02/230.45 mi21, Brunswick Close, Liverpool, Merseyside L4 1XS2
£87K12/220.45 mi34, Selwyn Street, Liverpool, Merseyside L4 3TW2
£61K01/210.5 mi22, Lochinvar Street, Liverpool, Merseyside L9 1ER2
£57.5K05/230.52 mi13, Kiddman Street, Liverpool, Merseyside L9 1EJ2
£62K11/230.52 mi40, Kiddman Street, Liverpool, Merseyside L9 1EJ2
£63K11/200.53 mi20, Weaver Street, Liverpool, Merseyside L9 1EH2
£55K03/240.53 mi19, Weaver Street, Liverpool, Merseyside L9 1EH2
£65K07/210.56 mi9, Bodley Street, Liverpool, Merseyside L4 4HU2
£65K07/210.56 mi9, Bodley Street, Liverpool, Merseyside L4 4HU2
£78.5K08/220.58 mi9, Doon Close, Liverpool, Merseyside L4 1XW2
£25K03/230.6 mi35, Hayfield Street, Liverpool, Merseyside L4 0RU2
£90K02/230.6 mi5, Hero Street, Bootle, Merseyside L20 2HA2
£56K05/210.6 mi11, Butterfield Street, Liverpool, Merseyside L4 4HT2
£69K11/200.61 mi12, Anglesea Road, Liverpool, Merseyside L9 1EA2
£95K11/200.62 mi11, Herbarth Close, Liverpool, Merseyside L9 1JZ2

Local Rents

50 rents from £600/mo to £2.9K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60005/240.01 miCity Road, Liverpool, Merseyside, L42
£69505/240.02 miEspin Street, Walton, Liverpool, L42
£65005/240.02 miEspin Street, Walton, L42
£87509/240.03 mi-2
£87508/240.03 miBardsay Road, Liverpool, L42
£75004/240.03 mi-2
£78004/250.03 mi-2
£75009/240.03 miGoodison Road, Liverpool, L42
£2,10003/240.03 mi-2
£1,50003/250.03 mi-2
£75012/240.03 mi-2
£69505/240.03 miAskew Street, Liverpool, Merseyside, L42
£65008/240.04 mi-2
£75008/240.04 mi-2
£85001/250.04 mi-2
£75003/240.05 miGoodison Road, Liverpool, Merseyside, L42
£75010/240.05 mi-2
£75004/250.05 mi-2
£69507/240.05 miGoodison Road, Liverpool2
£69507/240.05 miGoodison Road, Liverpool2
£60004/240.05 mi-2
£70005/240.07 miBardsay Road, Liverpool, Merseyside, L42
£70005/240.07 miBardsay Road, Liverpool, Merseyside, L42
£68512/230.07 mi-2
£70012/230.07 mi-2
£75010/240.07 mi-2
£67507/240.07 miFrodsham Street, Liverpool, L42
£70002/250.07 mi-2
£90003/250.08 mi-2
£75007/240.08 miFrodsham Street, Walton, L4 5XA2
£1,00009/240.08 mi-2
£70008/240.08 mi-2
£70008/240.08 miFrodsham Street, Liverpool, L42
£82504/250.08 mi-2
£80004/250.08 mi-2
£2,86502/240.09 mi-2
£2,14504/240.09 mi-2
£2,86505/240.09 mi-2
£2,14506/240.09 mi-2
£2,86506/240.09 mi-2
£2,14506/240.09 mi-2
£2,86506/240.09 mi-2
£2,14508/240.09 mi-2
£2,86508/240.09 mi-2
£2,86508/240.09 mi-2
£2,86510/240.09 mi-2
£2,86511/240.09 mi-2
£1,98504/250.09 mi-2
£69504/250.09 mi-2
£75012/240.09 mi-2

Local Area Statistics

Population in L4

39,911

Population in Liverpool

675,519

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+6%

Sales demand

Seller's market

Capital growth (5yrs)

+55%

Property History

Price changed to £80,000

December 13, 2024

Listed for £85,000

October 18, 2024

Sold for £50,000

2005

Description

  • Tenanted Investment achieving £6,000 Per Annum +
  • Two Double Bedrooms +
  • Spacious Lounge +
  • Downstairs Bathroom +
  • Rear Yard +
  • Fitted Kitchen +
  • Freehold +
  • EPC Rating - D +
  • Council Tax Band - A +

* Landlords Only - Tenanted Investment Achieving £6,000 Per Annum *

Lyons Estates are pleased to bring to the market, this two bedroom, mid terraced property in the popular location of L4. This is an ideal investment as it is being sold with a tenant in situ, which is currently generating £6,000 per annum. Local amenities and good transport links are in close proximity

To the ground floor is a spacious lounge, located to the front of the property, which has a double glazed window and double radiator. There is access through an archway to the kitchen, which comprises of fitted wall and base units, integrated oven, hob and extractor fan. There is also a rear yard, which can be accessed via the kitchen. The bathroom is also located to the ground floor and comprises of a panelled bath, low level W/C and wash basin. This also has an extractor fan, chrome towel radiator and has been finished with fully tiled walls.

The first floor holds the two bedrooms, both of which are doubles. Both rooms are finished with carpet flooring and bedroom two has the addition of a storage cupboard, which houses the boiler.

The property has gas central heating and uPVC double glazing throughout. Following some modernisation, this has a rental potential of £8,100 per annum.

Don't miss out on this ready to go investment, contact Lyons Estates to arrange a viewing!

PROPERTY MISDESCRIPTIONS ACT 1991
"The Agent has not tested any apparatus, equipment, fixture, fittings or services, and so does not verify they are in working order, fit for their purpose, or within ownership of the sellers, therefore the buyer must assume the information given is incorrect. Neither has the Agent checked the legal documentation to verify legal status of the property or the validity of any guarantee. A buyer must assume the information is incorrect, until it has been verified by their own solicitors."

"The measurements supplied are for general guidance, and as such must be considered as incorrect. A buyer is advised to re-check the measurements themselves before committing themselves to any expense."

"Nothing concerning the type of construction or the condition of the structure is to be implied from the photograph of the property."

"The sales particulars may change in the course of time, and any interested party is advised to make final inspection of the property prior to exchange of contracts".

MISREPRESENTATION ACT 1967
"These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or to commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.

If any interested party wishes to rely upon any information from the agent, then a request should be made and specific written confirmation can be provided. The Agent will not be responsible for any verbal statement made by any member of staff, as only a specific written confirmation should be relied upon. The Agent will not be responsible for any loss other than when specific written confirmation has been requested."

Agent Details

Lyons Estates Ltd, Liverpool

0151 453 4335

Next Steps?

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