2 Bed Flat, Single Let, Prescot, L35 5AT, £90,000

211497 Warrington Road, Rainhill, Merseyside, L35 0LR - 3 views - 5 months ago

Leasehold

Auction

BTL

ROI: 13%

~68 m²

ValuationOvervalued

Sold Prices	£50K - £155K
Sold Prices/m²	£533/m² - £2.1K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£79,074£79,074

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,400£26,400

Cash Out
Rent Range	£650 - £1,200£650 - £1,200
Rent Estimate	£736
Running Costs/mo	£448£448
Cashflow/mo	£288£288
Cashflow/yr	£3,451£3,451
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

24 sold prices from £50K to £155K, average is £75K. £533/m² to £2.1K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£53K	05/22	0.05 mi	65, Brook Street, Whiston, Prescot, Merseyside L35 5AP	£716	74	2	Flat
£85K	10/20	0.15 mi	31, Steward Court, Prescot, Merseyside L35 5HE	£1,417	60	2	Flat
£82.5K	10/21	0.31 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£82.5K	10/21	0.31 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£50K	03/21	0.31 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£65K	02/22	0.31 mi	Apartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£73.5K	01/24	0.31 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£75K	11/23	0.31 mi	Brookside Court, Apartment 20, Shaw Lane, Prescot, Merseyside L35 5AE	£1,415	53	2	Flat
£71.5K	03/22	0.32 mi	15a, Scott Avenue, Whiston, Prescot, Merseyside L35 2XT	£1,067	67	2	Flat
£84.8K	03/23	0.6 mi	5, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£84.8K	08/22	0.61 mi	17, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£155K	03/21	0.63 mi	21, Speakman Way, Prescot, Merseyside L34 5ND	£2,061	75	2	Flat
£72K	10/21	0.64 mi	33, Hughes Avenue, Prescot, Merseyside L35 5EH	-	-	2	Flat
£75K	11/22	0.67 mi	48, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,112	67	2	Flat
£63.5K	08/21	0.67 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£920	69	2	Flat
£70K	07/23	0.67 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,014	69	2	Flat
£117.5K	06/23	0.69 mi	28, Portico Court, Prescot, Merseyside L35 7LP	£1,865	63	2	Flat
£90K	03/22	0.69 mi	5, Portico Court, Prescot, Merseyside L35 7LP	£1,429	63	2	Flat
£65K	08/22	0.69 mi	121, Beaconsfield, Prescot, Merseyside L34 5PF	£956	68	2	Flat
£57K	02/21	0.74 mi	90, Beaconsfield, Prescot, Merseyside L34 5PE	£533	107	2	Flat
£72.5K	05/23	0.8 mi	22, Meribel Square, Prescot, Merseyside L34 5TH	-	-	2	Flat
£77.5K	11/23	0.8 mi	2, Meribel Square, Prescot, Merseyside L34 5TH	£1,571	49	2	Flat
£90K	09/21	0.83 mi	3, Grosvenor Court, Prescot, Merseyside L34 6NF	£1,429	63	2	Flat
£100K	06/21	0.91 mi	Flat 6, Alexander House, Rio Court, Prescot, Merseyside L34 6NE	-	-	2	Flat

Local Rents

34 rents from £650/mo to £1.2K/mo, average is £840/mo.

Rent	Date	Distance	Address	Beds	Type
£850	12/24	0.07 mi	-	2	Terraced House
£850	03/25	0.11 mi	-	2	Semi-Detached House
£850	12/24	0.24 mi	-	2	Terraced House
£800	11/24	0.27 mi	-	2	Flat
£950	02/24	0.32 mi	-	2	Semi-Detached House
£950	03/24	0.32 mi	-	2	Semi-Detached House
£840	12/24	0.34 mi	-	2	Semi-Detached House
£840	12/24	0.34 mi	Broadlands, Prescot, L35	2	Semi-Detached House
£850	12/24	0.46 mi	-	2	Flat
£795	02/25	0.46 mi	-	2	Flat
£650	04/24	0.47 mi	Braemar Close, Whiston	2	Flat
£900	05/24	0.47 mi	Bridge Road, Prescot, Merseyside, L34	2	Flat
£945	12/24	0.47 mi	Bridgefield Court, Prescot	2	Flat
£925	04/24	0.47 mi	Bridgefield Court, Prescot	2	Flat
£850	04/24	0.48 mi	-	2	Flat
£850	10/24	0.48 mi	-	2	Flat
£795	12/24	0.49 mi	-	2	Flat
£795	01/24	0.49 mi	-	2	Flat
£795	12/24	0.49 mi	-	2	Flat
£825	04/25	0.49 mi	-	2	Flat
£850	03/25	0.5 mi	-	2	Semi-Detached House
£850	12/24	0.53 mi	Kenneth Close, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.53 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	12/24	0.53 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	04/24	0.53 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£1,200	02/25	0.53 mi	-	2	Flat
£695	12/24	0.53 mi	-	2	Flat
£800	12/24	0.54 mi	-	2	Terraced House
£800	05/24	0.56 mi	Barrows Cottages, Whiston, L35	2	Terraced House
£800	06/24	0.56 mi	Barrows Cottages, Whiston, L35	2	Terraced House
£750	12/23	0.58 mi	-	2	Terraced House
£775	05/24	0.59 mi	Longton Lane, Rainhill, Prescot	2	Terraced House
£775	12/24	0.59 mi	Pendleton Court, Speakman Way, Prescot, L34	2	Flat
£925	05/24	0.6 mi	Berrywood Drive, Whiston, Prescot	2	Bungalow

Local Area Statistics

Population in L35	30,73030,730
Population in Prescot	43,00143,001
Town centre distance	0.78 miles away0.78 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.48 miles away0.48 miles away

Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £90,000

October 30, 2024

Description

Being Sold via Secure Sale online bidding. +
Terms & Conditions apply. Starting Bid £90000 +
Online Auction +
Whiston +
Investment +
Two Bedroom +
Private Parking +
Leasehold +
Close to transport and motorway Links +
Local amenities +

Being Sold via Secure Sale online bidding.
Terms & Conditions apply. Starting Bid £90,000

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalen

Agent Details

Stapleton Derby, St Helens

01744 903791

Next Steps?

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