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

Shaw Lane, Prescot, Merseyside, L35 5AT - 3 views - 5 months ago

Leasehold

Auction

BTL

ROI: 13%

~68 m²

+7 photos

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	£723
Running Costs/mo	£446£446
Cashflow/mo	£277£277
Cashflow/yr	£3,326£3,326
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	0.15 mi	65, Brook Street, Whiston, Prescot, Merseyside L35 5AP	£716	74	2	Flat
£85K	10/20	0.16 mi	31, Steward Court, Prescot, Merseyside L35 5HE	£1,417	60	2	Flat
£82.5K	10/21	0.17 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£82.5K	10/21	0.18 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£50K	03/21	0.18 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£65K	02/22	0.18 mi	Apartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£73.5K	01/24	0.18 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£75K	11/23	0.18 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
£72K	10/21	0.51 mi	33, Hughes Avenue, Prescot, Merseyside L35 5EH	-	-	2	Flat
£75K	11/22	0.53 mi	48, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,112	67	2	Flat
£63.5K	08/21	0.53 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£920	69	2	Flat
£70K	07/23	0.53 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,014	69	2	Flat
£155K	03/21	0.53 mi	21, Speakman Way, Prescot, Merseyside L34 5ND	£2,061	75	2	Flat
£84.8K	03/23	0.59 mi	5, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£84.8K	08/22	0.59 mi	17, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£65K	08/22	0.65 mi	121, Beaconsfield, Prescot, Merseyside L34 5PF	£956	68	2	Flat
£57K	02/21	0.71 mi	90, Beaconsfield, Prescot, Merseyside L34 5PE	£533	107	2	Flat
£72.5K	05/23	0.75 mi	22, Meribel Square, Prescot, Merseyside L34 5TH	-	-	2	Flat
£77.5K	11/23	0.75 mi	2, Meribel Square, Prescot, Merseyside L34 5TH	£1,571	49	2	Flat
£117.5K	06/23	0.79 mi	28, Portico Court, Prescot, Merseyside L35 7LP	£1,865	63	2	Flat
£90K	03/22	0.79 mi	5, Portico Court, Prescot, Merseyside L35 7LP	£1,429	63	2	Flat
£90K	09/21	0.8 mi	3, Grosvenor Court, Prescot, Merseyside L34 6NF	£1,429	63	2	Flat
£100K	06/21	0.88 mi	Flat 6, Alexander House, Rio Court, Prescot, Merseyside L34 6NE	-	-	2	Flat

Local Rents

36 rents from £650/mo to £1.2K/mo, average is £833/mo.

Rent	Date	Distance	Address	Beds	Type
£850	03/25	0.17 mi	-	2	Semi-Detached House
£850	12/24	0.19 mi	-	2	Terraced House
£840	12/24	0.3 mi	-	2	Semi-Detached House
£840	12/24	0.3 mi	Broadlands, Prescot, L35	2	Semi-Detached House
£850	12/24	0.31 mi	-	2	Terraced House
£950	02/24	0.34 mi	-	2	Semi-Detached House
£950	03/24	0.34 mi	-	2	Semi-Detached House
£900	05/24	0.39 mi	Bridge Road, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.4 mi	-	2	Flat
£795	02/25	0.4 mi	-	2	Flat
£945	12/24	0.4 mi	Bridgefield Court, Prescot	2	Flat
£925	04/24	0.4 mi	Bridgefield Court, Prescot	2	Flat
£850	04/24	0.4 mi	-	2	Flat
£850	10/24	0.4 mi	-	2	Flat
£800	11/24	0.4 mi	-	2	Flat
£795	12/24	0.41 mi	-	2	Flat
£795	01/24	0.41 mi	-	2	Flat
£795	12/24	0.41 mi	-	2	Flat
£825	03/25	0.41 mi	-	2	Flat
£850	12/24	0.44 mi	Kenneth Close, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.44 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	12/24	0.44 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	04/24	0.44 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£800	05/24	0.44 mi	Barrows Cottages, Whiston, L35	2	Terraced House
£800	06/24	0.44 mi	Barrows Cottages, Whiston, L35	2	Terraced House
£1,200	02/25	0.44 mi	-	2	Flat
£650	04/24	0.46 mi	Braemar Close, Whiston	2	Flat
£850	03/25	0.47 mi	-	2	Semi-Detached House
£695	12/24	0.5 mi	-	2	Flat
£775	12/24	0.51 mi	Pendleton Court, Speakman Way, Prescot, L34	2	Flat
£800	12/24	0.52 mi	-	2	Terraced House
£775	12/24	0.54 mi	Lancaster Avenue, L35	2	Terraced House
£750	12/23	0.55 mi	-	2	Terraced House
£925	05/24	0.57 mi	Berrywood Drive, Whiston, Prescot	2	Bungalow
£750	03/24	0.58 mi	-	2	Terraced House
£750	03/24	0.59 mi	-	2	Terraced House

Local Area Statistics

Population in L35	30,73030,730
Population in Prescot	43,00143,001
Town centre distance	0.70 miles away0.70 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.40 miles away0.40 miles away

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

Property History

Listed for £90,000

November 4, 2024

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Investment Opportunity +
Two Bedroom +
Private Parking +
Close to transport and motorway Links +

Pattinson Auction are pleased to present this Two Bedroom Apartment.

Property also comprises One Reception Room and One Bathroom.

Secure Parking.

Investment Property.

We are awaiting the AST and EICR and CP12 for the property. Once we have them we will upload them to the legal pack

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 984
Annual Ground Rent Amount: £83.00
Annual Service Charge Amount: £1,020.00

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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