3 Bed Semi-Detached House, Refurb/BRRR, Liverpool, L31 5NZ, £200,000

Norfolk Rd, Liverpool, Merseyside, L31 5NZ - 8 views - 4 months ago

Sold STC
Motivated
Refurb/BRRR
ROI: 3%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£144K - £340K
Sold Prices/m²£1.7K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£212,435
BMV1%

 

 

End Value (After Refurb)

£204,872

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£39,200

Bridging Loan Interest

£5,250

Total Cash In

£103,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,872

Mortgage (After Refinance)

£153,654

Mortgage LTV

75%

Cash Released

£3,654

Cash Left In

£100,046

Equity

£51,218

Rent Range

£825 - £3,000

Rent Estimate

£1,186

Running Costs/mo

£897

Cashflow/mo

£289

Cashflow/yr

£3,463

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £144K to £340K, average is £211K. £1.7K/m² to £3.8K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£240K01/230 mi36, Norfolk Road, Maghull, Liverpool, Merseyside L31 5NZ3
£162K02/210 mi52, Norfolk Road, Maghull, Liverpool, Merseyside L31 5NZ3
£210K09/210.03 mi32, York Road, Maghull, Liverpool, Merseyside L31 5NL3
£182.5K05/210.03 mi12, York Road, Maghull, Liverpool, Merseyside L31 5NL3
£245K08/230.03 mi10, York Road, Maghull, Liverpool, Merseyside L31 5NL3
£144K11/200.05 mi114, Northway, Maghull, Liverpool, Merseyside L31 5NF3
£299K03/230.08 mi55, Northway, Maghull, Liverpool, Merseyside L31 7BG3
£185K11/200.09 mi45, Northway, Maghull, Liverpool, Merseyside L31 7BG3
£220K06/210.1 mi30, Grosvenor Road, Maghull, Liverpool, Merseyside L31 5NN3
£247K05/230.1 mi1, Grosvenor Road, Maghull, Liverpool, Merseyside L31 5NH3
£215K06/210.12 mi73, Moorland Road, Maghull, Liverpool, Merseyside L31 5JG3
£160K01/210.12 mi45, Moorland Road, Maghull, Liverpool, Merseyside L31 5JG3
£156K04/210.12 mi41, Moorland Road, Maghull, Liverpool, Merseyside L31 5JG3
£220K01/210.14 mi24, Larchwood Avenue, Liverpool, Merseyside L31 7BS3
£157K10/200.15 mi116, Grosvenor Road, Maghull, Liverpool, Merseyside L31 5NW3
£215K12/220.15 mi76, Grosvenor Road, Maghull, Liverpool, Merseyside L31 5NW3
£200K12/220.15 mi26, Moorland Road, Maghull, Liverpool, Merseyside L31 5JN3
£278K12/220.17 mi20, Liverpool Road South, Liverpool, Merseyside L31 7BW3
£300K12/200.18 mi13, Liverpool Road South, Liverpool, Merseyside L31 7BN3
£210K10/220.19 mi99, Moorland Road, Maghull, Liverpool, Merseyside L31 5JQ3
£155K11/200.19 mi14, Woodley Road, Maghull, Liverpool, Merseyside L31 5LD3
£300K12/200.2 mi13, Liverpool Road South, Liverpool, Merseyside L31 7BN3
£161K11/210.21 mi6, Weston Grove, Maghull, Liverpool, Merseyside L31 5LA3
£210K01/210.21 mi80, Liverpool Road South, Liverpool, Merseyside L31 7AF3
£280K02/230.22 mi24, Broxholme Way, Maghull, Liverpool, Merseyside L31 5PL3
£265K11/220.22 mi2, Broxholme Way, Maghull, Liverpool, Merseyside L31 5PL3
£195K02/230.23 mi7, Church Road, Maghull, Liverpool, Merseyside L31 5PB3
£190K12/210.23 mi15, Church Road, Maghull, Liverpool, Merseyside L31 5PB3
£192K10/220.23 mi20, Church Road, Maghull, Liverpool, Merseyside L31 5PB3
£190K07/230.23 mi18, Church Road, Maghull, Liverpool, Merseyside L31 5PB3
£340K06/210.24 mi81, Liverpool Road South, Liverpool, Merseyside L31 7AB3
£282K11/220.24 mi67, Liverpool Road South, Liverpool, Merseyside L31 7AB3
£300K01/230.24 mi31, The Crescent, Maghull, Liverpool, Merseyside L31 7BL3
£280K08/230.24 mi36, The Crescent, Maghull, Liverpool, Merseyside L31 7BL3
£155K03/210.24 mi21, Norton Grove, Liverpool, Merseyside L31 5JX3
£210K12/220.25 mi19, Derby Grove, Maghull, Liverpool, Merseyside L31 5JJ3
£149.9K05/210.26 mi193, Moorhey Road, Liverpool, Merseyside L31 5LG3
£165K01/210.26 mi71, Dover Road, Maghull, Liverpool, Merseyside L31 5JE3
£145K10/210.28 mi85, Moorhey Road, Liverpool, Merseyside L31 5JZ3
£190K11/230.28 mi91, Moorhey Road, Liverpool, Merseyside L31 5JZ3
£260.5K01/230.28 mi24, Alt Avenue, Liverpool, Merseyside L31 7BJ3
£212K12/200.28 mi3, Alt Avenue, Liverpool, Merseyside L31 7BJ3
£285K02/230.28 mi22, Alt Avenue, Liverpool, Merseyside L31 7BJ3
£187K04/210.29 mi7, Woodend Avenue, Maghull, Liverpool, Merseyside L31 7BE3
£255K10/230.29 mi44, Woodend Avenue, Maghull, Liverpool, Merseyside L31 7BE3
£230K09/230.29 mi30, Woodend Avenue, Maghull, Liverpool, Merseyside L31 7BE3
£252K06/210.31 mi1, Pimbley Grove West, Maghull, Liverpool, Merseyside L31 5JR3
£280K10/230.31 mi1, Pimbley Grove West, Maghull, Liverpool, Merseyside L31 5JR3
£202K10/210.32 mi24, Cedar Grove, Maghull, Liverpool, Merseyside L31 5LT3
£214.8K09/230.32 mi24, Cedar Grove, Maghull, Liverpool, Merseyside L31 5LT3

Local Rents

34 rents from £825/mo to £3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£95004/240.19 miWoodley Road, Liverpool, L31 5LD3
£1,00012/240.21 miWeston Grove, Maghull, L31 5LA3
£1,05012/240.26 mi-3
£1,00012/240.32 miWoodend Avenue, Maghull3
£1,10012/240.38 mi-3
£95002/240.38 mi-3
£89004/240.56 mi3 Bed Cottage, Melling Lane, Maghull3
£1,30012/240.62 miSefton Lane, Maghull, L31 8AE3
£1,25004/240.69 miKingfisher Gardens, Maghull3
£1,25004/240.69 miKingfisher Gardens, Maghull3
£1,10004/240.84 miGadwall Close, Maghull, L31 1GQ3
£1,16504/240.84 miEastbrook Vilage, Liverpool, L313
£1,22512/240.85 miEastbrook Vilage, Liverpool, L313
£1,30004/240.85 miHarrier Close, Maghull3
£1,22503/240.85 miEastbrook Vilage, Liverpool, L313
£1,10006/240.85 mi-3
£1,31012/240.89 miEastbrooke Village, Maghull, L313
£1,25012/240.89 miEastbrooke VIllage, Maghull, L313
£1,22512/240.89 miEastbrook Vilage, Liverpool, L313
£92004/240.93 mi-3
£1,15002/240.95 miMeadow Lane, Maghull, Liverpool, L313
£90003/250.95 mi-3
£99502/250.95 mi-3
£82501/250.97 mi-3
£3,00012/231.02 mi-3
£2,75002/251.02 mi-3
£95003/251.04 mi-3
£1,20012/241.05 miKendal Drive, Maghull, L31 9AX3
£97502/251.11 mi-3
£1,20012/241.16 miClent Avenue, Maghull, L31 0AY3
£99503/231.19 mi-3
£90004/241.19 miOriel Drive, Aintree Village, L10 3JP3
£1,20004/241.22 miLune Avenue, Maghull, L31 9DX3
£1,00004/241.23 mi-3

Local Area Statistics

Population in L31

30,316

Population in Liverpool

675,519

Town centre distance

3.32 miles away

Nearest school

0.20 miles away

Nearest train station

0.56 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Price changed to £200,000

November 29, 2024

Listed for £210,000

November 14, 2024

Floor Plans

Description

  • Freehold, Council Tax Band C +
  • Three Bedroom Family House +
  • Bay-Fronted Lounge +
  • Renovation Required +
  • Prime Location +
  • Close To Local Amenities & Schools +
  • Excellent Road & Transport Links +
  • Enclosed Garden To The Rear +
  • Off-Road Parking With Garage +
  • Viewing Highly Advised +

Looking to add your own stamp on your forever home. The property is located within a prime area in the City of Liverpool, offering a easy reach to a wealth of local amenities, transport and road links. The property features a spacious bay-fronted lounge, conservatory and 3 double bedrooms. You will also benefit from off-road parking with a detached garage. Call now to book!

This spacious three bedroom semi-detached home is located in Liverpool with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious bay-fronted living room, a dining room coupled with a conservatory and a fitted kitchen.

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a shower room.

Externally, the property benefits from a good sized enclosed garden to the rear. To the front you will find off-road parking and a detached garage.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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