2 Bed Flat, Refurb/BRRR, Liverpool, L36 1SY, £50,000

WALLACE COURT Wallace Drive, Liverpool, Merseyside, L36 1SY - 46 views - 5 months ago

Under Offer
Leasehold
BTL
Refurb/BRRR
Negative Equity
ROI: 7%
57 m²
+2 photos

ValuationFair Value

Sold Prices£43K - £155K
Sold Prices/m²£533/m² - £2.2K/m²

 

 

Square Metres

57.46 m²
Price/m²£870/m²

Value Estimate

£50,500

 

 

End Value (After Refurb)

£107,521

Uplift in Value

+115%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£24,296

Bridging Loan Interest

£1,313

Total Cash In

£42,559

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£107,521

Agent Fees (1%)

£1,075

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£26,387

Local Sold Prices

50 sold prices from £43K to £155K, average is £83K. £533/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£65K04/220.3 mi40, Oxford Road, Huyton, Liverpool, Merseyside L36 1XQ2
£83K07/220.34 mi19, Dorset Road, Huyton, Liverpool, Merseyside L36 1XU2
£83K02/230.34 mi23, Dorset Road, Huyton, Liverpool, Merseyside L36 1XU2
£60K08/210.35 mi40, Oxford Road, Huyton, Liverpool, Merseyside L36 1XQ2
£43K11/200.38 mi45, York Road, Huyton, Liverpool, Merseyside L36 1UZ2
£66K06/230.38 mi45, York Road, Huyton, Liverpool, Merseyside L36 1UZ2
£75K06/220.38 mi39, York Road, Huyton, Liverpool, Merseyside L36 1UZ2
£122K06/220.53 miFlat 4, Hollinside, Victoria Road, Huyton, Liverpool, Merseyside L36 5SA2
£130K04/220.56 mi4, Parkside Mansions, Huyton, Liverpool, Merseyside L36 6FB2
£140K10/220.75 mi5, Parkside Mansions, Huyton, Liverpool, Merseyside L36 6FB2
£102.5K05/230.78 mi5a, St Marks Road, Liverpool, Merseyside L36 0XA2
£90K05/210.85 mi25, St Annes Road, Huyton, Liverpool, Merseyside L36 0XE2
£82.5K11/200.95 mi17, Ashdale, Liverpool, Merseyside L36 4QS2
£105K05/210.95 mi18, Ashdale, Liverpool, Merseyside L36 4QS2
£84K04/220.95 mi11, Ashdale, Liverpool, Merseyside L36 4QS2
£91K03/230.95 mi7, Ashdale, Liverpool, Merseyside L36 4QS2
£87.5K04/210.96 mi15, Ashdale, Liverpool, Merseyside L36 4QS2
£59.9K04/221.02 miApartment 5, Roby Court, Twickenham Drive, Liverpool, Merseyside L36 4NA2
£95K03/211.02 miApartment 46, Roby Court, Twickenham Drive, Liverpool, Merseyside L36 4NA2
£95K06/211.02 miApartment 29, Roby Court, Twickenham Drive, Liverpool, Merseyside L36 4NA2
£90K11/201.02 miApartment 19, Roby Court, Twickenham Drive, Liverpool, Merseyside L36 4NA2
£148K08/221.07 mi31, Birkdale Court, Huyton, Liverpool, Merseyside L36 0RQ2
£75K11/221.08 mi48, Hughes Avenue, Prescot, Merseyside L35 5EP2
£63.5K08/211.08 mi50, Hughes Avenue, Prescot, Merseyside L35 5EP2
£70K07/231.08 mi50, Hughes Avenue, Prescot, Merseyside L35 5EP2
£72K10/211.09 mi33, Hughes Avenue, Prescot, Merseyside L35 5EH2
£130K11/221.21 mi22, Pencombe Road, Liverpool, Merseyside L36 2NH2
£155K03/211.21 mi21, Speakman Way, Prescot, Merseyside L34 5ND2
£97.8K04/231.23 mi36, Greenway, Huyton, Liverpool, Merseyside L36 2LZ2
£93K12/201.24 mi26, Egerton Road, Prescot, Merseyside L34 3LT2
£80K04/211.37 mi23, Oakworth Drive, Tarbock Green, Prescot, Merseyside L35 1RS2
£72.5K05/231.38 mi22, Meribel Square, Prescot, Merseyside L34 5TH2
£77.5K11/231.38 mi2, Meribel Square, Prescot, Merseyside L34 5TH2
£77K10/201.38 mi80, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RR2
£92K07/221.39 mi68, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RR2
£110.5K09/211.39 mi62, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RR2
£110.5K09/211.39 mi62, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RR2
£118.5K06/221.39 mi78, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RR2
£75K01/221.39 mi36, Richmond Way, Tarbock Green, Prescot, Merseyside L35 1RU2
£108K12/211.41 mi18, Mellor Close, Tarbock Green, Prescot, Merseyside L35 1RL2
£82.5K10/211.42 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£50K03/211.42 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£65K02/221.42 miApartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£73.5K01/241.42 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£75K11/231.42 miBrookside Court, Apartment 20, Shaw Lane, Prescot, Merseyside L35 5AE2
£82.5K10/211.42 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£65K08/221.43 mi121, Beaconsfield, Prescot, Merseyside L34 5PF2
£125K06/241.45 mi40, Cringles Drive, Tarbock Green, Prescot, Merseyside L35 1RP2
£57K02/211.46 mi90, Beaconsfield, Prescot, Merseyside L34 5PE2
£100K06/211.46 miFlat 6, Alexander House, Rio Court, Prescot, Merseyside L34 6NE2

Local Rents

26 rents from £550/mo to £1K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£60003/250 mi-2
£69505/240.05 miWallace Court, Longview Drive, Liverpool2
£80005/240.41 miReeds Road, Liverpool, Merseyside, L362
£65010/230.54 miSlim Road, Liverpool, Merseyside, L362
£80001/250.56 mi-2
£62512/240.56 mi-2
£82504/240.59 mi-2
£69505/240.61 miQuarry Way, Huyton2
£69512/240.61 miQuarry Way, Huyton2
£75004/240.64 mi-2
£70005/240.64 mi2 Lathom Court2
£72505/240.65 miBrook House, Whiston Lane, Huyton, Liverpool, L362
£77512/240.66 miSt Marys Road, Huyton, L362
£80005/240.66 miSt. Marys Road, Huyton, L362
£92002/250.67 mi-2
£67505/240.81 miPrimrose Court, Liverpool, Merseyside, L362
£90007/230.95 mi-2
£95004/241.02 miPrescot Park, Prescot, L342
£1,00007/231.05 mi-2
£1,00006/241.05 mi-2
£99010/241.05 mi-2
£90009/231.08 mi-2
£70001/241.1 mi-2
£55006/231.14 mi-2
£80007/231.16 mi-2
£77512/241.16 miLancaster Avenue, L352

Local Area Statistics

Population in L36

39,896

Population in Liverpool

675,519

Town centre distance

6.65 miles away

Nearest school

0.10 miles away

Nearest train station

0.77 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £50,000

-96%

October 22, 2024

Sold for £97,750

2006

Description

  • GROUND FLOOR APARTMENT +
  • IN NEED OF RENOVATION +
  • UNDER FLOOR HEATING +
  • TWO DOUBLE BEDROOMS +
  • RESIDENTS' PARKING +

Fantastic opportunity for buy to let investor or first time buyer. This ground floor, two bedroomed apartment is a very good size but needs total refurbishment. The property consists of an entrance hall leading to two double bedrooms, a bathroom and open plan lounge and kitchen. Having UPVC double glazing and electric under floor heating. Non allocated residents' parking and communal grounds. Set within easy reach of local amenities, bus route and rail station. Vacant possession and no chain.

Accommodation Comprising

Entrance Hall
Double doors to cupboard housing hot water and under floor heating system.

Lounge
11'7"(3.54m) x 18'11"(5.76m)
Large lounge with under floor heating. UPVC window.

Kitchen
7'11"(2.42m) x 10'3"(3.12m)
UPVC window to side. Open plan into lounge. Base and wall units in need of repair/replacement. Electric oven and hob (not tested)

Bedroom 1
10'6"(3.22m) x 11'7"(3.54m)
UPVC window to front. Under floor heating.

Bedroom 2
15'11"(4.85m) x 7' (2.14m)
UPVC window. Under floor heating.

Bathroom
6'4"(1.94m) x 4'10"(1.48m)
UPVC window. Under floor heating. White three piece suite. Low level wc, pedestal wash hand basin, panelled bath.

Outside
Communal grounds with non allocated parking.

Agent Details

Cameron Mackenzie, Rainhill

0151 453 9621

Next Steps?

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