3 Bed Terraced House, Refurb/BRRR, Liverpool, L8 4XR, £200,000

Redburn Close, Liverpool, L8 4XR - 7 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 3%
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£100K - £270K
Sold Prices/m²£837/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£167,775

 

 

End Value (After Refurb)

£182,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£39,324

Bridging Loan Interest

£5,250

Total Cash In

£103,824

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,500

Mortgage (After Refinance)

£136,875

Mortgage LTV

75%

Cash Left In

£103,824

Equity

£45,625

Rent Range

£485 - £2,100

Rent Estimate

£1,104

Running Costs/mo

£811

Cashflow/mo

£293

Cashflow/yr

£3,515

ROI

3%

Gross Yield

7%

Local Sold Prices

49 sold prices from £100K to £270K, average is £157.5K. £837/m² to £2.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£220K12/230.05 mi52, Byles Street, Liverpool, Merseyside L8 4PW3
£230K08/220.05 mi28, Byles Street, Liverpool, Merseyside L8 4PW3
£165K10/230.08 mi28, Padbury Street, Liverpool, Merseyside L8 4XE3
£185K08/230.15 mi5, Kelby Close, Liverpool, Merseyside L8 9XZ3
£140K12/200.15 mi4, Mountview Close, Liverpool, Merseyside L8 8LT3
£130K01/230.15 mi52, David Street, Liverpool, Merseyside L8 4TL3
£170K11/230.15 mi24, Baysdale Close, Liverpool, Merseyside L8 9XY3
£152.5K09/230.16 mi54, David Street, Liverpool, Merseyside L8 4TL3
£120K08/210.16 mi36, David Street, Liverpool, Merseyside L8 4TL3
£109K11/230.16 mi32, David Street, Liverpool, Merseyside L8 4TL3
£126.2K06/210.17 mi10, Jacob Street, Liverpool, Merseyside L8 4TQ3
£145K07/230.17 mi23, Jacob Street, Liverpool, Merseyside L8 4TG3
£128K05/210.17 mi43, Isaac Street, Liverpool, Merseyside L8 4TH3
£125K04/230.17 mi15, Isaac Street, Liverpool, Merseyside L8 4TH3
£145K07/230.17 mi13, Isaac Street, Liverpool, Merseyside L8 4TH3
£160K05/230.19 mi67, Moses Street, Liverpool, Merseyside L8 4SY3
£150K10/230.19 mi39, Moses Street, Liverpool, Merseyside L8 4SY3
£158K05/240.2 mi26, Moses Street, Liverpool, Merseyside L8 4SZ3
£130K12/200.2 mi12, Park Hill Road, Liverpool, Merseyside L8 4TF3
£117K08/210.2 mi37, Beresford Road, Liverpool, Merseyside L8 4TN3
£165K11/220.22 mi25, South Hill Road, Liverpool, Merseyside L8 9RY3
£130K01/230.24 mi98, Isaac Street, Liverpool, Merseyside L8 4TJ3
£196K12/210.24 mi22, Stonegate Drive, Liverpool, Merseyside L8 4YS3
£144K07/210.24 mi11, Stonegate Drive, Liverpool, Merseyside L8 4YS3
£160K10/210.28 mi11, Eridge Street, Liverpool, Merseyside L8 9RS3
£237K02/230.28 mi20, Gredington Street, Liverpool, Merseyside L8 9RU3
£174K12/210.29 mi35, Eridge Street, Liverpool, Merseyside L8 9RS3
£160K10/210.29 mi11, Eridge Street, Liverpool, Merseyside L8 9RS3
£165K02/210.29 mi1, Eridge Street, Liverpool, Merseyside L8 9RS3
£215K10/230.29 mi10, Gredington Street, Liverpool, Merseyside L8 9RU3
£135K04/210.3 mi14, Chillingham Street, Liverpool, Merseyside L8 9RX3
£198K04/240.3 mi10, Chillingham Street, Liverpool, Merseyside L8 9RX3
£132K11/200.33 mi111, North Hill Street, Liverpool, Merseyside L8 8AE3
£178.5K08/230.33 mi34, Dingle Lane, Liverpool, Merseyside L8 9RW3
£175K02/230.33 mi6, Dingle Lane, Liverpool, Merseyside L8 9RW3
£117.5K03/210.33 mi12 Devonshire Mews, 10, Devonshire Road, Princes Park, Liverpool, Merseyside L8 3TY3
£145K02/230.35 mi4, Monro Street, Liverpool, Merseyside L8 4RR3
£180K11/220.35 mi17, Copperfield Close, Liverpool, Merseyside L8 8LQ3
£118K11/200.36 mi6 Devonshire Mews, 10, Devonshire Road, Princes Park, Liverpool, Merseyside L8 3TY3
£186K09/210.37 mi34, Kinnaird Street, Liverpool, Merseyside L8 9SA3
£100K06/210.39 mi36, Merlin Street, Liverpool, Merseyside L8 8HZ3
£195K10/230.39 mi9, Lindfield Close, Liverpool, Merseyside L8 4YF3
£128K05/210.4 mi114, Cockburn Street, Liverpool, Merseyside L8 9TD3
£165K12/220.4 mi101, Beresford Road, Liverpool, Merseyside L8 4SG3
£135K02/240.4 mi16, Monkswell Street, Liverpool, Merseyside L8 9SH3
£157.5K11/230.4 mi147, Beresford Road, Liverpool, Merseyside L8 4SG3
£150K03/240.41 mi160, Beresford Road, Liverpool, Merseyside L8 4SQ3
£270K09/210.41 mi61, Colebrooke Road, Liverpool, Merseyside L17 7BY3
£210K02/210.41 mi46, Lambton Road, Liverpool, Merseyside L17 7DB3

Local Rents

50 rents from £485/mo to £2.1K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£60705/240.15 miFlat 5, 28 Belvedere Road3
£60705/240.15 miFlat 2, 28 Belvidere Road3
£60705/240.15 miFlat 6, 28 Belvedere Road3
£95005/240.17 miDavid Street, Liverpool, Merseyside, L83
£90002/250.17 mi-3
£1,10008/240.18 mi-3
£1,10012/240.18 mi-3
£1,70002/240.2 mi-3
£1,70002/250.2 mi-3
£1,20004/240.24 mi-3
£85004/250.25 mi-3
£1,00004/240.26 mi-3
£80004/240.27 miHigh Park Street, L8 3UF3
£80002/240.27 mi-3
£1,10005/240.29 miChillingham Street, Dingle, L83
£1,20005/240.34 miRhiwlas Street, Liverpool, Merseyside, L83
£1,20004/240.34 miWelsh Streets3
£1,20005/240.34 miWelsh Streets3
£1,20003/250.39 mi-3
£1,25002/250.39 mi-3
£99503/250.4 mi-3
£85004/240.4 miBeresford road ,L83
£89512/240.4 mi-3
£1,10004/240.42 miNetherby Street, Liverpool, Merseyside, L83
£69805/240.42 miFlat 2, 13 Alexandra Drive3
£1,10005/240.43 miCharleston Road, LIVERPOOL3
£87512/240.43 mi-3
£1,30006/240.46 miBlythswood St, L173
£1,35012/240.46 mi-3
£85005/240.46 miSandhurst Street, Liverpool.3
£1,25007/240.46 miSandhurst St, L173
£1,00005/240.46 mi-3
£1,00005/240.46 miBlythswood Street, Liverpool, L173
£1,00005/240.46 miBlythswood Street, Liverpool, L173
£2,00007/240.48 miWest Albert Road, LIVERPOOL3
£1,20008/240.5 miErrol Street, LIVERPOOL3
£1,10007/240.5 mi-3
£1,15003/250.51 mi-3
£1,10006/240.51 mi-3
£1,10005/240.51 miLinnet Lane, Liverpool, L173
£1,10006/240.51 miLinnet Lane, Liverpool, L173
£1,99512/240.52 mi-3
£2,10008/240.52 miParkfield Road, Sefton Park, Liverpool3
£79506/240.52 mi-3
£79505/240.52 miGrafton Street, Liverpool, L83
£48504/240.53 miFlat 2, 35 Princes Avenue3
£89504/240.53 miCroxteth Road,Aigburth,Liverpool,L83
£1,30003/250.54 mi-3
£72505/240.54 miPrinces Road, Liverpool, L8 8AD3
£1,50004/240.54 mi-3

Local Area Statistics

Population in L8

32,039

Population in Liverpool

675,519

Town centre distance

5.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+28%

Sales demand

Balanced market

Capital growth (5yrs)

+50%

Property History

Price changed to £200,000

December 13, 2024

Listed for £210,000

November 19, 2024

Floor Plans

Description

  • Mid Town House +
  • Lounge/ Dining Room +
  • In Need Of Some Modernisation +
  • Fitted Kitchen & Cloakroom +
  • Three Bedrooms & Family Bathroom +
  • Close To Local Amenities & Transport Networks +
  • Gardens To The Front & Rear +
  • Viewing Is Highly Recommended +

The Property
Situated in a peaceful residential area, this mid-town house presents an excellent opportunity for those looking to modernise and personalise their living space. Entering through the entrance hall, you'll find a convenient cloakroom, ideal for guests. The spacious lounge offers a comfortable area for relaxation, while the adjoining dining room provides an inviting setting for family meals and gatherings. The kitchen, although in need of updating, has great potential for a modern makeover.

On the first floor, you’ll discover three generously sized bedrooms, perfect for a family or as flexible space for guests or a home office. The family bathroom serves this level, offering a practical layout for everyday living.

Externally, the property features gardens to both the front and rear, providing outdoor space for children to play, gardening enthusiasts, or simply enjoying the fresh air.

Located close to local amenities, schools, and public transport links, this home is ideal for families seeking convenience and community. With a vision for renovation, Redburn Close is a promising opportunity to create a beautiful family residence tailored to your tastes. Don’t miss out on the chance to transform this property into your dream home!

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Liverpool

020 3907 2647

Next Steps?

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