3 Bed Semi-Detached House, Refurb/BRRR, Wallasey, CH45 7NB, £230,000

70 Strathcona Road, Wallasey, Merseyside, CH45 7NB - 6 views - 6 months ago

Under Offer
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£82K - £267.5K
Sold Prices/m²£988/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£136,188

 

 

End Value (After Refurb)

£203,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£39,428

Bridging Loan Interest

£6,038

Total Cash In

£112,816

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,750

Mortgage (After Refinance)

£152,813

Mortgage LTV

75%

Cash Left In

£112,816

Equity

£50,938

Rent Range

£625 - £1,395

Rent Estimate

£933

Running Costs/mo

£843

Cashflow/mo

£90

Cashflow/yr

£1,076

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £82K to £267.5K, average is £158.8K. £988/m² to £3.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£90K08/210.06 mi43, Strathcona Road, Wallasey, Merseyside CH45 7NA3
£174K05/230.06 mi9, Strathcona Road, Wallasey, Merseyside CH45 7NA3
£152.5K06/210.07 mi18, Strathcona Road, Wallasey, Merseyside CH45 7NB3
£190K06/230.07 mi18, Strathcona Road, Wallasey, Merseyside CH45 7NB3
£170K09/210.08 mi1, Carrington Road, Wallasey, Merseyside CH45 7NJ3
£189.9K04/210.08 mi17, Brookthorpe Close, Wallasey, Merseyside CH45 7SH3
£235K11/220.08 mi53, Brookthorpe Close, Wallasey, Merseyside CH45 7SH3
£198K02/230.08 mi8, Stratton Close, Wallasey, Merseyside CH45 7SJ3
£120K03/210.09 mi33, Carrington Road, Wallasey, Merseyside CH45 7NJ3
£148.9K11/200.09 mi4, Durban Road, Wallasey, Merseyside CH45 7NS3
£144K02/210.1 mi3, Glencoe Road, Wallasey, Merseyside CH45 7NT3
£178K02/230.12 mi28, Kimberley Road, Wallasey, Merseyside CH45 7NU3
£143K03/210.17 mi2, Manor Lane, Wallasey, Merseyside CH45 7LZ3
£177K04/210.18 mi25, Zig Zag Road, Wallasey, Merseyside CH45 7NY3
£153K07/210.19 mi131, Manor Road, Wallasey, Merseyside CH45 7LU3
£267.5K04/230.2 mi34, Caithness Drive, Wallasey, Merseyside CH45 7PW3
£192K06/230.2 mi12, Longland Road, Wallasey, Merseyside CH45 5DW3
£82K02/210.24 mi20, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£130K03/230.24 mi18, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£205K11/200.24 mi15, Sheen Road, Wallasey, Merseyside CH45 1HA3
£115K09/210.25 mi35, Stringhey Road, Wallasey, Merseyside CH44 1EF3
£140K10/200.25 mi15, Brook Close, Wallasey, Merseyside CH44 1DU3
£110K02/210.26 mi6, Churchill Grove, Wallasey, Merseyside CH44 1EL3
£105K01/210.26 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£191K07/230.27 mi42, Osborne Grove, Wallasey, Merseyside CH45 1JB3
£190K07/230.27 mi14, Osborne Grove, Wallasey, Merseyside CH45 1JB3
£112K05/230.27 mi8, Seabank Avenue, Wallasey, Merseyside CH44 1EH3
£120K01/230.29 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£148K02/210.32 mi3, Beach Grove, Wallasey, Merseyside CH45 7QY3
£152.5K12/220.33 mi41, Rake Lane, Wallasey, Merseyside CH45 5DD3
£148K02/210.33 mi49, Rake Lane, Wallasey, Merseyside CH45 5DD3
£85K01/230.34 mi22, Exeter Road, Wallasey, Merseyside CH44 1DS3
£137.5K01/210.34 mi20, Kenwyn Road, Wallasey, Merseyside CH45 4LS3
£173K11/220.34 mi41, Kenwyn Road, Wallasey, Merseyside CH45 4LS3
£175K11/210.36 mi17, Ash Grove, New Brighton, Wallasey, Merseyside CH45 1NJ3
£128K04/210.36 mi11, Ash Grove, New Brighton, Wallasey, Merseyside CH45 1NJ3
£115K03/210.36 mi13, Ash Grove, New Brighton, Wallasey, Merseyside CH45 1NJ3
£225K01/210.37 mi1, Grace Close, Wallasey, Merseyside CH45 4LH3
£225K02/230.37 mi38, Thirlmere Drive, Wallasey, Merseyside CH45 4LW3
£190K09/210.38 mi23, Bradman Close, Wallasey, Merseyside CH45 4LG3
£160K01/210.38 mi9, Bradman Close, Wallasey, Merseyside CH45 4LG3
£261K06/230.39 mi2, Newhaven Road, Wallasey, Merseyside CH45 1HS3
£128K02/210.39 mi16, Blenheim Road, Wallasey, Merseyside CH44 8BR3
£200K01/230.39 mi20, Birch Grove, Wallasey, Merseyside CH45 1JG3
£205K05/210.39 mi9, Linden Grove, Wallasey, Merseyside CH45 5ED3
£175K11/210.4 mi2, Glyn Road, Wallasey, Merseyside CH44 1AB3
£157.5K01/230.4 mi33, Grosvenor Street, Wallasey, Merseyside CH44 1AW3
£212K05/230.41 mi15, Melling Road, Wallasey, Merseyside CH45 1NQ3
£164.8K05/210.41 mi31, Melling Road, New Brighton, Wallasey, Merseyside CH45 1NQ3
£145K07/210.41 mi3, Chepstow Avenue, Wallasey, Merseyside CH44 0BA3

Local Rents

38 rents from £625/mo to £1.4K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£75003/240.09 miPenkett Road, Wallasey, Wirral3
£95001/240.14 mi-3
£75003/240.14 miWithens Lane, Wallasey3
£85004/240.19 mi-3
£85003/240.2 miManor Road, Wallasey, Wirral3
£90003/240.25 miOsborne Grove, Wallasey3
£65002/250.28 mi-3
£72504/240.3 mi-3
£72504/240.3 mi-3
£75003/240.33 miExeter Road, Wallasey3
£1,37503/240.36 miGibson House, Wallasey, CH443
£1,37503/240.36 miGibson House, Wallasey, CH443
£1,29504/240.36 miGibson House, Wallasey, CH443
£1,29512/240.36 miGibson House, Wallasey, CH443
£1,29505/240.36 mi-3
£1,29509/240.36 mi-3
£1,29512/240.36 mi-3
£1,39504/250.36 mi-3
£95003/240.36 miGrosvenor Street, Wallasey3
£1,20002/250.41 mi-3
£77512/240.41 mi-3
£85002/250.43 mi-3
£74812/230.43 mi-3
£69505/240.44 miCharlotte Road, Wallasey3
£69512/240.44 miCharlotte Road, Wallasey3
£97501/240.44 mi-3
£67504/250.45 mi-3
£80009/240.45 mi-3
£85003/240.46 miMount Pleasant Close, Wallasey, Merseyside, CH453
£1,00003/240.46 miDerby Road, CH45 5HH3
£89503/240.48 miPark Street, Wallasey3
£71012/230.52 mi-3
£75004/240.52 miSt Marys Street Wallasey3
£69503/240.53 mi-3
£75004/240.56 miSandridge Road, New Brighton3
£80003/240.56 miSandridge Road, New Brighton3
£1,10004/240.62 miField Road, Wallasey, CH453
£62503/240.62 miParkfield Drive, Wallasey3

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.62 miles away

Nearest school

0.10 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £230,000

November 13, 2024

Sold for £42,000

1998

Floor Plans

Description

  • Virtual Viewing Available +
  • 1211 Sq Ft (Approx) +
  • Freehold +
  • Council Tax Band C +
  • Three Bedroom Semi Detached +
  • Two Reception Rooms +
  • Ample Off Road Parking +
  • Garage +
  • Generous Private Garden +

A wonderful family home in a sought after location! This three bedroom semi-detached home boasts ample off street parking, a private rear garden and generously sized rooms throughout. With potential to add your own stamp to it, viewing is highly recommended!

Positioned at the end of a popular road in Wallasey and situated on a generous plot, you will find this brilliantly sized three bedroom semi-detached home. Boasting ample off road parking for multiple cars, secured with gates and an additional garage, this home has everything on offer.

Walking through the front door you are greeted with a spacious and bright hallway. To the right is the living room, which is large in size and has an attractive fireplace providing a centre piece in the room. There is an additional sitting room / dining room located at the rear of the house, with patio doors leading out on to the private garden which comprises of low maintenance patio and artificial turf. The kitchen is also located at the rear of the property and has also been extended offering ample living space.

There are three generously sized bedrooms located upstairs in the property. With the master suite located at the front of the house, it is light and bright and a welcoming space. The third bedroom is also a brilliant size and is spacious enough for a double bed. The family bathroom is a three piece suite.

This home would be wonderful for families and offers potential for modernisation and to make it your own. Viewing is highly recommended.

Call the Wallasey Office to arrange your viewing!

Agent Details

Karl Tatler Estate Agents, Wallasey

0151 453 2840

Next Steps?

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