2 Bed Terraced House, Refurb/BRRR, Liverpool, L18 1HL, £230,000

Gorsebank Road, Mossley Hill, Liverpool, L18 1HL - 4 views - 5 months ago

Under Offer
Refurb/BRRR
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£60K - £234K
Sold Prices/m²£903/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£96,900

 

 

End Value (After Refurb)

£228,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£28,800

Bridging Loan Interest

£6,038

Total Cash In

£102,188

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£228,750

Mortgage (After Refinance)

£171,563

Mortgage LTV

75%

Cash Left In

£102,188

Equity

£57,188

Rent Range

£530 - £1,500

Rent Estimate

£944

Running Costs/mo

£924

Cashflow/mo

£20

Cashflow/yr

£244

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £60K to £234K, average is £126K. £903/m² to £3.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£180.8K08/210.01 mi11, Gorsebank Road, Liverpool, Merseyside L18 1HL2
£211.5K11/200.27 mi20, Alverstone Road, Mossley Hill, Liverpool, Merseyside L18 1HD2
£192K10/200.27 mi44, Alverstone Road, Mossley Hill, Liverpool, Merseyside L18 1HD2
£225K07/230.29 mi65, Alverstone Road, Mossley Hill, Liverpool, Merseyside L18 1HB2
£234K03/230.3 mi14, Belhaven Road, Liverpool, Merseyside L18 1HH2
£186K12/200.3 mi3, Belhaven Road, Liverpool, Merseyside L18 1HH2
£186K12/200.3 mi3, Belhaven Road, Liverpool, Merseyside L18 1HH2
£215K12/200.3 mi14, Belhaven Road, Liverpool, Merseyside L18 1HH2
£228K07/230.3 mi1, Belhaven Road, Liverpool, Merseyside L18 1HH2
£220K02/230.31 mi4, Belhaven Road, Liverpool, Merseyside L18 1HH2
£186.5K03/210.33 mi21, Ingleton Road, Mossley Hill, Liverpool, Merseyside L18 1HJ2
£218K06/230.33 mi25, Ingleton Road, Mossley Hill, Liverpool, Merseyside L18 1HJ2
£170K11/200.33 mi25, Ingleton Road, Mossley Hill, Liverpool, Merseyside L18 1HJ2
£215K07/210.39 mi15, Briardale Road, Mossley Hill, Liverpool, Merseyside L18 1DA2
£209K05/230.39 mi30, Briardale Road, Liverpool, Merseyside L18 1DB2
£115K06/210.46 mi16, Jamieson Road, Liverpool, Merseyside L15 3JD2
£130K11/200.46 mi21, Jamieson Road, Liverpool, Merseyside L15 3JD2
£130K01/210.46 mi25, Jamieson Road, Liverpool, Merseyside L15 3JD2
£122K02/210.46 mi12, Jamieson Road, Liverpool, Merseyside L15 3JD2
£208K01/230.48 mi96, Briardale Road, Liverpool, Merseyside L18 1JS2
£137K01/210.48 mi7, Wellington Avenue, Wavertree, Liverpool, Merseyside L15 0EH2
£186K06/230.49 mi78, Briardale Road, Liverpool, Merseyside L18 1JS2
£112.5K12/210.49 mi32, Lawrence Grove, Liverpool, Merseyside L15 0EP2
£195K06/210.52 mi30, Herondale Road, Liverpool, Merseyside L18 1LA2
£120K02/230.53 mi99, Thornycroft Road, Liverpool, Merseyside L15 0EN2
£76K03/230.57 mi76, Bligh Street, Liverpool, Merseyside L15 0HF2
£62.7K12/200.58 mi11, Bligh Street, Liverpool, Merseyside L15 0HE2
£80K04/210.59 mi40, Banner Street, Liverpool, Merseyside L15 0HQ2
£86.5K06/210.59 mi42, Banner Street, Liverpool, Merseyside L15 0HQ2
£95.5K10/210.6 mi6, Bisley Street, Liverpool, Merseyside L15 4JP2
£200K09/210.6 mi8, Truro Road, Liverpool, Merseyside L15 9HW2
£122K01/230.6 mi12, Bligh Street, Liverpool, Merseyside L15 0HF2
£90K08/210.61 mi74, Bartlett Street, Liverpool, Merseyside L15 0HW2
£73K01/230.61 mi6, Bartlett Street, Liverpool, Merseyside L15 0HW2
£66K03/210.62 mi100, Grosvenor Road, Wavertree, Liverpool, Merseyside L15 0HB2
£63K02/210.63 mi6, Fairbank Street, Liverpool, Merseyside L15 4JQ2
£65K02/210.63 mi14, Fairbank Street, Liverpool, Merseyside L15 4JQ2
£122K09/210.63 mi5, Mystery Close, Liverpool, Merseyside L15 0AB2
£117K05/230.64 mi153, Grosvenor Road, Wavertree, Liverpool, Merseyside L15 0EZ2
£70K10/210.67 mi83, Strathcona Road, Liverpool, Merseyside L15 1EB2
£114K12/210.67 mi27, Talton Road, Liverpool, Merseyside L15 0HS2
£108K12/210.67 mi36, Broadwood Street, Liverpool, Merseyside L15 1EH2
£75K03/230.67 mi42, Strathcona Road, Liverpool, Merseyside L15 1ED2
£60K11/200.67 mi34, Strathcona Road, Liverpool, Merseyside L15 1ED2
£185K04/230.68 mi9, Prince Alfred Road, Liverpool, Merseyside L15 8HH2
£210K09/210.68 mi11, Prince Alfred Road, Liverpool, Merseyside L15 8HH2
£184.2K05/210.68 mi13, Prince Alfred Road, Liverpool, Merseyside L15 8HH2
£84K12/200.68 mi11, Cretan Road, Liverpool, Merseyside L15 0HR2
£65K05/210.69 mi110, Methuen Street, Liverpool, Merseyside L15 1EQ2
£73K05/210.7 mi22, Goswell Street, Liverpool, Merseyside L15 4JU2

Local Rents

50 rents from £530/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£84504/250.08 mi-2
£85012/240.1 mi-2
£69505/240.1 mi1 Patterdale Road, Wavertree, Liverpool, L15 5AT2
£87504/250.13 mi-2
£85001/250.13 mi-2
£85002/250.13 mi-2
£80004/240.18 miLangdale Road, Liverpool - AVAILABLE JULY 20242
£1,00007/240.19 mi-2
£53012/240.2 mi-2
£1,25003/250.21 mi-2
£82506/240.23 miTwo Bedroom Apartment, Ullet Road2
£90007/240.23 miTwo Bedroom Apartment, Ullet Road2
£87507/240.23 miTwo Bedroom Apartment, Ullet Road2
£1,15007/240.26 mi-2
£95012/240.28 mi-2
£1,25003/250.29 mi-2
£99002/250.3 mi-2
£89503/250.3 mi-2
£90006/240.34 miMerebank Tower, Liverpool, Merseyside, L172
£95008/240.34 miMerebank Tower, Greenbank Drive, Liverpool, L172
£95005/240.34 miMerebank Tower, Greenbank Drive, Liverpool, L172
£95007/240.34 miMerebank Tower, Greenbank Drive, Liverpool, L172
£95008/240.34 miMerebank Tower, Greenbank Drive, Liverpool, L172
£1,20008/240.34 miMere Bank, L17 1AE2
£95009/240.34 miMerebank Tower, Greenbank Drive, Liverpool, L172
£70008/240.34 mi-2
£75009/240.34 mi-2
£70005/240.35 miBlenheim Road, Liverpool.2
£85005/240.35 mi1A Blenheim Road, Liverpool, Merseyside, L182
£55004/240.36 miFlat 1, 2 Gainsborough Road2
£80004/240.37 miTitherington Way, Liverpool, Merseyside, L152
£91506/240.38 miUllet Road, Aigburth, Liverpool2
£90009/240.38 miUllet Road, L172
£1,20005/240.42 miMossley Hill Drive, Liverpool, L172
£1,20005/240.42 mi-2
£82504/240.43 mi319 Smithdown Road, Liverpool2
£1,10002/240.46 mi-2
£1,10004/250.46 mi-2
£75005/240.48 miLawrence Grove, Liverpool, L152
£75005/240.48 mi-2
£1,10003/250.48 mi-2
£1,25003/250.48 mi-2
£1,50010/230.49 miAshbury Brook, Ibbotsons Lane, Liverpool, L172
£75012/240.49 mi-2
£77003/250.5 mi-2
£70005/240.5 mi-2
£70005/240.5 miGordon Street, Liverpool, L152
£97508/240.51 mi-2
£1,50010/230.51 mi8 Ibbotsons Lane Liverpool L17 1AL2
£1,47510/230.51 mi8 Ibbotsons Lane, 2

Local Area Statistics

Population in L18

26,898

Population in Liverpool

675,519

Town centre distance

5.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £230,000

October 31, 2024

Sold for £122,000

2013

Sold for £138,000

2008

Floor Plans

Description

  • Promising Two Bedroom Mid Terrace Property +
  • Located in the Desirable Area of Mossley Hill +
  • Rare Find - Available With No Onward Chain +
  • Well-Proportioned & Bursting with Potential +
  • Hall, Family Lounge, Dining Room & Kitchen +
  • Two Bright & Substantial Double Bedrooms +
  • Contemporary Style Three-Piece Bathroom +
  • Low-Maintenance Enclosed Yard to the Rear +

This promising two bedroom terrace property presents an opportunity not to be missed for those searching for a home they can put their own stamp on. Available for sale with no onward chain, this property enjoys a prime location on Gorsebank Road in the highly desirable area of Mossley Hill, L18, and offers generous living proportions which are practically bursting with potential.
Following through the entrance hall, you are led into a spacious family lounge. Awash with natural light courtesy of a walk-in bay window and enjoying wonderfully high ceilings and an exquisite feature fireplace, this promises to make a welcoming setting to relax. This is followed by a second substantial reception room which provides the ideal space for enjoying family mealtimes and entertaining guests, flowing seamlessly into the sizable kitchen which offers exciting scope for modernisation.
Continuing up to the first floor, you will discover two bright and generous double bedrooms, accompanied by a contemporary style three-piece family bathroom suite.
Externally, an enclosed rear yard offers a low-maintenance outdoor spot for enjoying al-fresco dining during the warmer months.
A viewing is highly recommended to fully appreciate the possibilities that this charming property has to offer.

Agent Details

Move Residential, Mossley Hill

0151 453 1497

Next Steps?

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