2 Bed Flat, Single Let, Warrington, WA5 0LQ, £80,000

Bevan View, Warrington, WA5 0LQ - 4 months ago

Under Offer
Leasehold
BTL
ROI: 16%
~68 m²
+17 photos

ValuationUndervalued

Sold Prices£57K - £240K
Sold Prices/m²£966/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£99,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£700 - £1,395

Rent Estimate

£750

Running Costs/mo

£420

Cashflow/mo

£330

Cashflow/yr

£3,960

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £57K to £240K, average is £100.8K. £966/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£143.3K09/210.08 mi8, Folly Lane, Warrington WA5 0NJ2
£92K09/200.21 mi20, Regency Square, Warrington WA5 0EB2
£120K05/230.22 mi97, Regency Square, Warrington WA5 0EX2
£100K11/230.22 mi18, Regency Square, Warrington WA5 0EB2
£110K03/240.22 mi20, Regency Square, Warrington WA5 0EB2
£95K04/240.24 mi27, Bradgate Close, Warrington WA5 0ET2
£82.2K11/220.24 mi26, Farmside Close, Bewsey, Warrington WA5 0BN2
£105K07/230.34 miApartment 100, Gladstone Mews, Gladstone Street, Warrington WA2 7LH2
£112.5K12/220.35 miApartment 26, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£120K01/230.35 miApartment 39, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£80K02/210.35 miApartment 29, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£105K06/230.35 miApartment 45, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£101.5K09/220.35 miApartment 69, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£90K09/200.35 miApartment 17, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£108K04/220.35 miApartment 34, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£115K10/220.35 miApartment 11, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£116.5K02/230.35 miApartment 59, Gladstone Mews, Gladstone Street, Warrington WA2 7LG2
£80K01/210.42 miFlat 12, High Gates Lodge, High Gates Close, Bewsey, Warrington WA5 0BY2
£84K01/230.42 miFlat 2, High Gates Lodge, High Gates Close, Bewsey, Warrington WA5 0BY2
£80K01/210.42 miFlat 12, High Gates Lodge, High Gates Close, Bewsey, Warrington WA5 0BY2
£112K10/200.64 mi109, Nansen Close, Old Hall, Warrington WA5 9PX2
£137K03/230.65 mi3, Nansen Close, Old Hall, Warrington WA5 9PU2
£81K01/210.65 mi30b, Alder Lane, Warrington WA2 8HS2
£57K09/200.67 mi11, Whitecross Road, Warrington WA5 1LP2
£117.5K04/220.68 miApartment 8, Scott Court, Central Way, Warrington WA2 7TB2
£120K07/230.7 miApartment 57, Barton Court, Central Way, Warrington WA2 7TE2
£127.5K09/210.7 miApartment 2, Barton Court, Central Way, Warrington WA2 7TE2
£125K10/220.7 miApartment 33, Barton Court, Central Way, Warrington WA2 7TE2
£62K03/210.73 mi97, Whitecross Road, Warrington WA5 1LS2
£75K12/200.77 mi16, Frobisher Court, Old Hall, Warrington WA5 9PQ2
£105K04/210.77 mi20, Frobisher Court, Old Hall, Warrington WA5 9PQ2
£80K12/200.86 mi58, Greenings Court, Warrington WA2 7DU2
£95K11/200.86 mi21, Greenings Court, Warrington WA2 7DU2
£79K02/210.86 mi22, Greenings Court, Warrington WA2 7DU2
£100K12/220.86 mi39, Greenings Court, Warrington WA2 7DU2
£240K10/200.86 mi159, Rylands Drive, Fairfield And Howley, Warrington WA2 7DY2
£100K10/220.86 mi31, Greenings Court, Warrington WA2 7DU2
£65K01/210.86 mi67, Greenings Court, Warrington WA2 7GH2
£130K07/220.9 miApartment 31, Ampleforth House, Dial Street, Warrington WA1 2NX2
£105K10/220.9 miApartment 14, Ampleforth House, Dial Street, Warrington WA1 2NX2
£86.5K01/210.92 mi40, Rylands Drive, Fairfield And Howley, Warrington WA2 7DB2
£90K05/210.92 mi2, Rylands Drive, Warrington WA2 7DB2
£78.4K11/200.92 mi88, Rylands Drive, Warrington WA2 7DB2
£105K09/220.93 mi30, Sidings Court, Warrington WA1 3FY2
£142.5K03/230.93 mi1, Sidings Court, Warrington WA1 3FY2
£90K11/200.93 mi23, Sidings Court, Warrington WA1 3FY2
£70K12/200.93 mi1, Sidings Court, Warrington WA1 3FY2
£100K07/210.93 mi32, Sidings Court, Warrington WA1 3FY2
£106K12/220.93 mi34, Sidings Court, Warrington WA1 3FY2
£105K07/220.93 mi19, Sidings Court, Warrington WA1 3FY2

Local Rents

19 rents from £700/mo to £1.4K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£99502/250.04 mi-2
£72510/240.24 miBradgate Close2
£82510/240.35 miGladstone Street, Warrington, WA22
£85012/240.39 mi-2
£89502/240.45 mi-2
£92510/240.45 mi-2
£77510/240.5 miWindsor Street, Warrington WA5 1PS2
£70010/240.52 miBewsey Street, Warrington2
£75010/240.54 mi-2
£1,39512/240.55 mi-2
£84502/250.55 mi-2
£75010/240.57 miForster Street, Warrington2
£87510/240.59 mi-2
£87510/240.59 mi-2
£87510/240.59 mi-2
£87511/240.59 mi-2
£89502/250.62 mi-2
£1,04010/240.62 miThe Steelworks, Winwick Street, Warrington, WA22
£1,02510/240.62 miThe Steelworks, Winwick Street, Warrington, WA22

Local Area Statistics

Population in WA5

58,496

Population in Warrington

215,344

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+33%

Sales demand

Seller's market

Capital growth (5yrs)

+46%

Property History

Price changed to £80,000

January 31, 2025

Price changed to £100,000

December 5, 2024

Listed for £85,000

November 25, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Well Maintained Property +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat located in Warrington. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a lounge, a kitchen, a bathroom, and private parking.

Investment details

It currently produces an annual gross income of £9,000 which the new owner could increase to a market rate of £10,152 with long-term tenants presently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not intend to move out so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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