2 Bed Flat, Single Let, Wallasey, CH45 2NW, £90,000

17 The Cliff, Wallasey, CH45 2NW - 3 views - 6 months ago

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Leasehold

BTL

ROI: 11%

~68 m²

+12 photos

ValuationUndervalued

Sold Prices	£66K - £211.5K
Sold Prices/m²	£972/m² - £3.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£109,800£109,800
BMV	22%

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 - £1,100£650 - £1,100
Rent Estimate	£669
Running Costs/mo	£435£435
Cashflow/mo	£234£234
Cashflow/yr	£2,807£2,807
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

33 sold prices from £66K to £211.5K, average is £135K. £972/m² to £3.3K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£90K	06/23	0.13 mi	Flat 10, Portland Court, Wellington Road, Wallasey, Merseyside CH45 2NQ	-	-	2	Flat
£142K	11/20	0.16 mi	56c, Warren Drive, Wallasey, Merseyside CH45 0JT	-	-	2	Flat
£175K	03/21	0.17 mi	Apartment 7, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH	-	-	2	Flat
£175K	02/21	0.17 mi	Apartment 4, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH	-	-	2	Flat
£160K	07/21	0.2 mi	Flat 10, Warren Hurst, Montpellier Crescent, Wallasey, Merseyside CH45 9HZ	-	-	2	Flat
£195K	07/23	0.2 mi	Ground Floor Flat, 12, Ennerdale Road, Wallasey, Merseyside CH45 0LY	-	-	2	Flat
£170K	10/22	0.25 mi	12a, Dudley Road, Wallasey, Merseyside CH45 9JP	£1,809	94	2	Flat
£145K	09/21	0.26 mi	15a, Dudley Road, Wallasey, Merseyside CH45 9JP	£1,465	99	2	Flat
£211.5K	11/21	0.31 mi	25, Hamilton Road, Wallasey, Merseyside CH45 9JF	-	-	2	Flat
£122K	01/23	0.35 mi	7a, Sidney Avenue, Wallasey, Merseyside CH45 9JL	£2,033	60	2	Flat
£135K	03/21	0.47 mi	29, Roseate Court, Wallasey, Merseyside CH45 3QW	£2,328	58	2	Flat
£135K	03/21	0.47 mi	21, Roseate Court, Wallasey, Merseyside CH45 3QW	-	-	2	Flat
£165K	07/21	0.47 mi	9, Roseate Court, Wallasey, Merseyside CH45 3QW	£2,557	65	2	Flat
£124K	03/21	0.51 mi	20, Dunlins Court, Wallasey, Merseyside CH45 3QN	£2,385	52	2	Flat
£140K	03/23	0.52 mi	Flat 3, Willow Garth, St Georges Mount, Wallasey, Merseyside CH45 9LQ	£972	144	2	Flat
£150K	02/23	0.53 mi	27, Waterloo Road, Wallasey, Merseyside CH45 2JN	£1,948	77	2	Flat
£170K	04/23	0.55 mi	3, Cormorant Court, Wallasey, Merseyside CH45 3QL	£3,289	52	2	Flat
£110K	12/22	0.67 mi	4a, Hamlet Road, Wallasey, Merseyside CH45 6UT	-	-	2	Flat
£133K	04/23	0.7 mi	65, Victoria Parade, Wallasey, Merseyside CH45 2PH	-	-	2	Flat
£125K	03/23	0.7 mi	59, Victoria Parade, Wallasey, Merseyside CH45 2PH	-	-	2	Flat
£110K	07/23	0.71 mi	225c, Seaview Road, Wallasey, Merseyside CH45 4PD	£1,325	83	2	Flat
£135K	05/21	0.78 mi	Flat 1, Pier House, Tower Promenade, Wallasey, Merseyside CH45 2JY	-	-	2	Flat
£150K	10/22	0.78 mi	Flat 18, Pier House, Tower Promenade, Wallasey, Merseyside CH45 2JY	-	-	2	Flat
£130K	10/21	0.78 mi	Ground Floor Flat, 197, Rake Lane, Wallasey, Merseyside CH45 5DQ	-	-	2	Flat
£66K	01/21	0.8 mi	Flat 6, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN	-	-	2	Flat
£91.3K	05/23	0.8 mi	Flat 13, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN	-	-	2	Flat
£90K	12/22	0.8 mi	Flat 4, Melling Court, Melling Road, Wallasey, Merseyside CH45 1NN	-	-	2	Flat
£107K	01/23	0.84 mi	9, Village Mews, Wallasey, Merseyside CH45 3HD	£1,646	65	2	Flat
£105K	12/22	0.84 mi	3, Village Mews, Wallasey, Merseyside CH45 3HD	-	-	2	Flat
£120K	12/20	0.9 mi	41, Groveland Road, Wallasey, Merseyside CH45 8JY	£2,034	59	2	Flat
£155K	09/21	0.92 mi	1, Newport Avenue, Wallasey, Merseyside CH45 8QJ	£2,313	67	2	Flat
£147K	03/21	0.92 mi	Flat 15, Bayswater Court, Newport Avenue, Wallasey, Merseyside CH45 8QJ	-	-	2	Flat
£166.5K	11/22	0.92 mi	9, Newport Avenue, Wallasey, Merseyside CH45 8QJ	£2,921	57	2	Flat

Local Rents

22 rents from £650/mo to £1.1K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£650	04/24	0.1 mi	Wellington Court, New Brighton	2	Flat
£750	04/24	0.17 mi	Montpellier Crescent, Wallasey	2	Flat
£700	04/24	0.31 mi	Salisbury Road, Wallasey	2	Flat
£850	04/25	0.31 mi	-	2	Flat
£695	04/24	0.36 mi	-	2	Flat
£1,100	04/25	0.41 mi	-	2	Flat
£1,100	04/25	0.41 mi	-	2	Flat
£995	04/25	0.46 mi	-	2	Flat
£750	04/24	0.46 mi	Victoria Road, New Brighton	2	Flat
£675	04/24	0.47 mi	Victoria Road, Wallasey, Wirral	2	Flat
£650	03/24	0.5 mi	Rowson Street, New Brighton, CH45	2	Flat
£875	03/24	0.53 mi	The Warren, Grove Road, Wallasey	2	Flat
£675	03/24	0.53 mi	Waterloo Road, New Brighton, Wirral	2	Flat
£750	03/24	0.54 mi	Egerton Court Rowson Street, New Brighton, CH45	2	Flat
£950	05/24	0.54 mi	Waterloo Road, New Brighton, CH45	2	Terraced House
£750	04/24	0.55 mi	-	2	Flat
£750	04/25	0.55 mi	-	2	Flat
£750	03/24	0.55 mi	Cormorant Court, Wallasey, CH45	2	Flat
£750	03/25	0.57 mi	-	2	Flat
£795	03/24	0.57 mi	Rowson Street, Wallasey	2	Flat
£825	03/25	0.61 mi	-	2	Flat
£675	04/24	0.62 mi	Coronation Avenue, Wallasey	2	Flat

Local Area Statistics

Population in CH45	30,79330,793
Population in Wallasey	60,79060,790
Town centre distance	1.02 miles away1.02 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.29 miles away0.29 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+60%+60%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £90,000

November 7, 2024

Floor Plans

Description

A great opportunity to purchase this purpose built flat that offers superb view across the River. Ideally this property would benefit from some modernising and upgrading throughout however, being sensibly priced this give you the change to put your own style into the property. It has two bedrooms, a lounge and kitchen plus bathroom and small store room. The property is leasehold with management charges

Agent Details

Bakewell and Horner, Wallasey

0151 453 8887

Next Steps?

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

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