2 Bed Flat, Single Let, Liverpool, L31 7AS, £124,950

2 Ormonde Avenue, Liverpool, Merseyside, L31 7AS - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£37.3K - £230K
Sold Prices/m²£1.4K/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£123,669

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,238

Stamp Duty & Legal Fees

£4,949

Total Cash In

£36,186

 

 

Cash Out

 

Rent Range

£675 - £1,355

Rent Estimate

£698

Running Costs/mo

£550

Cashflow/mo

£148

Cashflow/yr

£1,775

ROI

5%

Gross Yield

7%

Local Sold Prices

24 sold prices from £37.3K to £230K, average is £125.5K. £1.4K/m² to £3.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£230K06/210.29 mi1, Windsor Road, Maghull, Liverpool, Merseyside L31 7DS2
£131.5K03/230.39 mi256, Liverpool Road South, Liverpool, Merseyside L31 7DH2
£108K05/220.46 mi11, Hudson Road, Maghull, Liverpool, Merseyside L31 5PA2
£110K06/230.46 mi17, Hudson Road, Maghull, Liverpool, Merseyside L31 5PA2
£117K08/230.47 mi49, Sefton Drive, Maghull, Liverpool, Merseyside L31 8AG2
£130K01/210.5 mi11, Chilton Court, Liverpool, Merseyside L31 6EU2
£148K06/230.51 mi11, Chilton Court, Liverpool, Merseyside L31 6EU2
£135K06/220.51 mi21, Chilton Court, Liverpool, Merseyside L31 6EU2
£148K10/200.51 mi12, Chilton Court, Liverpool, Merseyside L31 6EU2
£92K06/220.62 mi17, Swan Hey, Liverpool, Merseyside L31 3HP2
£98K03/230.62 mi5, Swan Hey, Liverpool, Merseyside L31 3HP2
£88.5K10/200.62 mi23, Swan Hey, Liverpool, Merseyside L31 3HP2
£86.5K11/200.62 mi21, Swan Hey, Liverpool, Merseyside L31 3HP2
£108K12/220.62 mi9, Swan Hey, Liverpool, Merseyside L31 3HP2
£136K02/230.69 miFlat 18, Mayhall Court, Westway, Maghull, Liverpool, Merseyside L31 0EB2
£139K03/230.69 miFlat 41, Mayhall Court, Westway, Maghull, Liverpool, Merseyside L31 0EB2
£135K07/220.7 miFlat 37, Mayhall Court, Westway, Maghull, Liverpool, Merseyside L31 0EB2
£37.3K08/220.71 miFlat 33, Mayhall Court, Westway, Maghull, Liverpool, Merseyside L31 0EB2
£140K05/220.84 mi2, Ulverston Close, Maghull, Liverpool, Merseyside L31 9BB2
£120K06/230.85 mi28, Ravenglass Avenue, Maghull, Liverpool, Merseyside L31 6BZ2
£122K01/230.98 mi14, Birch Close, Maghull, Liverpool, Merseyside L31 6AN2
£127K07/220.98 mi21, Birch Close, Maghull, Liverpool, Merseyside L31 6AN2
£130K12/220.99 mi26, Windermere Drive, Maghull, Liverpool, Merseyside L31 9BQ2
£124K08/230.99 miFlat 9, Beechwood Court, Deyes Lane, Liverpool, Merseyside L31 6EG2

Local Rents

15 rents from £675/mo to £1.4K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£69512/240.27 mi61a Liverpool Road South ,L31 7BN2
£69502/250.45 mi-2
£75010/230.47 mi-2
£72504/240.6 miTree View Court, LIVERPOOL2
£1,20004/240.71 miSilver Birch Way, Maghull, L31 4DU2
£1,35512/240.71 miWhitworth Close, Liverpool, L31 3FB2
£1,02512/240.73 miEastbrook Vilage, Liverpool, L312
£67512/240.73 miCentral Square, Maghull2
£92502/240.8 mi-2
£1,00012/240.94 miGadwall Close, Maghull, L31 3DS2
£1,01504/240.97 miEastbrook Vilage, Liverpool, L312
£1,05012/240.99 miFoxhouse Lane, Liverpool, L312
£80004/241.09 miAster Court, Lydiate, L31 2HD2
£75004/241.24 miLiverpool Road, Lydiate, Liverpool, L31 2NA2
£70006/241.24 mi-2

Local Area Statistics

Population in L31

30,316

Population in Liverpool

675,519

Town centre distance

3.48 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Listed for £124,950

October 29, 2024

Sold for £38,000

1997

Floor Plans

Description

  • Ground floor flat +
  • Two bedrooms +
  • Spacious living room +
  • Kitchen +
  • Bathroom and separate w.c. +
  • Driveway +
  • Rear garden +
  • No chain +
  • Potential to improve +
  • EPC rating: D +

A particularly deceptive, spacious ground floor flat that is being sold without an ongoing chain and conveniently located close to schools, shops, parks and the motorway networks. Offering excellent potential for the new owners to improve and purchase to live there, or as an ideal buy to let investment. The property also has its own driveway, rear garden and private front and rear entrances. The accommodation includes gas central heating, double glazing and briefly comprises porch, living room leading to the inner hallway which then leads to the spacious front bedroom, second bedrooms to the side, rear kitchen with fitted units and a bathroom with coloured suite and separate w.c. Driveway, rear garden and garage. There is also no chain involved for a potentially stress free purchase.

Porch - double glazed window and door

Living Room - 15' 8'' x 13' 7'' (4.78m x 4.15m) - radiator, double glazed windows to two elevations

Front Bedroom 1 - 12' 9'' x 14' 3'' (3.88m x 4.34m) - radiator, double glazed window

Side Bedroom 2 - 9' 11'' x 8' 3'' (3.03m x 2.52m) - radiator, double glazed window

Kitchen - 11' 11'' x 7' 4'' (3.63m x 2.24m) - stainless steel sink unit with double drainer, base units with worktop surfaces over, airing cupboard, gas central heating boiler, double glazed windows to two elevations

Bathroom - coloured suite comprising bath, separate shower (tray only) with electric shower over, pedestal wash hand basin, part tiled walls, radiator, double glazed window, door to:

Separate W.C. - low level w.c, two double glazed windows

Inner Hallway - radiator, double glazed door to:

Rear Garden - patio area, space for lawn with fruit trees, front driveway leading to a rear garage

Agent Details

Berkeley Shaw Real Estate, Crosby

0151 453 0098

Next Steps?

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