2 Bed Flat, Refurb/BRRR, Prescot, L34 5PH, £100,000

Bridge Road, Prescot, L34 5PH - 8 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£50K - £155K
Sold Prices/m²£533/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£74,216

 

 

End Value (After Refurb)

£117,884

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£28,709

Bridging Loan Interest

£2,625

Total Cash In

£62,284

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,884

Mortgage (After Refinance)

£88,413

Mortgage LTV

75%

Cash Released

£13,413

Cash Left In

£48,871

Equity

£29,471

Rent Range

£550 - £1,200

Rent Estimate

£750

Running Costs/mo

£538

Cashflow/mo

£212

Cashflow/yr

£2,539

ROI

4%

Gross Yield

9%

Local Sold Prices

25 sold prices from £50K to £155K, average is £75K. £533/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£155K03/210.17 mi21, Speakman Way, Prescot, Merseyside L34 5ND2
£82.5K10/210.29 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£82.5K10/210.29 miApartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£50K03/210.29 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£65K02/220.29 miApartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£73.5K01/240.29 miApartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE2
£75K11/230.29 miBrookside Court, Apartment 20, Shaw Lane, Prescot, Merseyside L35 5AE2
£65K08/220.31 mi121, Beaconsfield, Prescot, Merseyside L34 5PF2
£84.8K03/230.32 mi5, Hunter Court, Prescot, Merseyside L34 2UH2
£84.8K08/220.32 mi17, Hunter Court, Prescot, Merseyside L34 2UH2
£85K10/200.34 mi31, Steward Court, Prescot, Merseyside L35 5HE2
£72K10/210.36 mi33, Hughes Avenue, Prescot, Merseyside L35 5EH2
£57K02/210.37 mi90, Beaconsfield, Prescot, Merseyside L34 5PE2
£72.5K05/230.39 mi22, Meribel Square, Prescot, Merseyside L34 5TH2
£77.5K11/230.39 mi2, Meribel Square, Prescot, Merseyside L34 5TH2
£53K05/220.43 mi65, Brook Street, Whiston, Prescot, Merseyside L35 5AP2
£75K11/220.46 mi48, Hughes Avenue, Prescot, Merseyside L35 5EP2
£63.5K08/210.46 mi50, Hughes Avenue, Prescot, Merseyside L35 5EP2
£70K07/230.46 mi50, Hughes Avenue, Prescot, Merseyside L35 5EP2
£90K09/210.46 mi3, Grosvenor Court, Prescot, Merseyside L34 6NF2
£100K06/210.53 miFlat 6, Alexander House, Rio Court, Prescot, Merseyside L34 6NE2
£93K12/200.64 mi26, Egerton Road, Prescot, Merseyside L34 3LT2
£71.5K03/220.7 mi15a, Scott Avenue, Whiston, Prescot, Merseyside L35 2XT2
£117.5K06/230.82 mi28, Portico Court, Prescot, Merseyside L35 7LP2
£90K03/220.83 mi5, Portico Court, Prescot, Merseyside L35 7LP2

Local Rents

45 rents from £550/mo to £1.2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90005/240.03 miBridge Road, Prescot, Merseyside, L342
£79512/240.03 mi-2
£79501/240.03 mi-2
£79512/240.03 mi-2
£82503/250.03 mi-2
£94512/240.04 miBridgefield Court, Prescot2
£92504/240.04 miBridgefield Court, Prescot2
£85004/240.04 mi-2
£85010/240.04 mi-2
£85012/240.07 miKenneth Close, Prescot, Merseyside, L342
£85012/240.07 miHollins Court, Kenneth Close, Prescot, Merseyside, L342
£77512/240.07 miHollins Court, Kenneth Close, Prescot, Merseyside, L342
£77504/240.07 miHollins Court, Kenneth Close, Prescot, Merseyside, L342
£1,20002/250.07 mi-2
£85012/240.07 mi-2
£79502/250.07 mi-2
£77512/240.13 miPendleton Court, Speakman Way, Prescot, L342
£84012/240.17 mi-2
£84012/240.17 miBroadlands, Prescot, L352
£85003/250.21 mi-2
£69512/240.22 mi-2
£75003/240.25 mi-2
£80012/240.28 mi-2
£95004/240.34 miPrescot Park, Prescot, L342
£65005/240.38 miKemble Street, Prescot, Merseyside2
£55012/240.39 mi-2
£85012/240.4 mi-2
£65004/240.43 miEccleston Street, Prescot, Merseyside, L342
£85012/240.46 mi-2
£69012/240.48 mi-2
£75002/250.49 mi-2
£75012/240.49 mi-2
£75011/240.49 mi-2
£79504/240.5 mi-2
£79512/240.5 mi-2
£62501/250.5 mi-2
£85012/240.52 mi-2
£70012/240.53 miRowson Street, Prescot, Merseyside, L342
£80003/250.53 mi-2
£80004/250.53 mi-2
£85003/250.55 mi-2
£95012/240.57 mi-2
£77512/240.58 miLancaster Avenue, L352
£80005/240.6 miBarrows Cottages, Whiston, L352
£80006/240.6 miBarrows Cottages, Whiston, L352

Local Area Statistics

Population in L34

12,244

Population in Prescot

43,001

Town centre distance

0.32 miles away

Nearest school

0.20 miles away

Nearest train station

0.02 miles away

 

 

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £100,000

November 29, 2024

Floor Plans

Description

  • GROUND FLOOR APARTMENT +
  • SECURE GATED PARKING +
  • CURRENT RENTAL INCOME £750PCM/£9,000PA +
  • MODERN OPEN PLAN LIVING SPACE +
  • EXCELLENT INVESTMENT OPPORTUNITY +
  • CAN BE SOLD TENANTED OR VACANT +

*NO CHAIN*GROUND FLOOR APARTMENT***CURRENT RENTAL INCOME £750PCM/£9,000PA***CAN BE SOLD TENANTED OR VACANT***MODERN OPEN PLAN LIVING SPACE***SECURE GATED PARKING***FOUR PIECE FAMILY BATHROOM***CLOSE TO WHISTON HOSPITAL***NEXT TO PRESCOT TRAIN STATION***WALKING DISTANCE FROM PRESCOT TOWN CENTRE***EXCELLENT INVESTMENT OPPORTUNITY*** ================================================================================= INSTANT VALUATION: Thinking of moving but don't know where to start? Visit valuation.homesureproperty.co.uk for an instant valuation of your home. MORE INFORMATION: Homesure is an independent Sales, Lettings & management agency based in the heart of Woolton Village. We use modern marketing methods, combined with a bespoke service to sell and rent Merseyside's finest properties. Operating from our modern, paperless and prominent Allerton Road office, our team of property and marketing experts work to achieve the highest possible price for your property in the shortest amount of time. Our team of sales experts ensure that your property stands out from the crowd, dedicating more time to each instruction than any other agent. Our regulated lettings team offer our tenants a relaxed, friendly, and fair management approach while keeping our landlords safe in the knowledge that Homesure (as a NALS-registered) agent, is efficiently and profitably managing their properties. Understanding Your Property & Requirements Prior to marketing we ensure that each member of our team is familiar with your property and its intricacies. Be it a period feature or full-blown renovation we ask the right questions to understand the small details that will really sell your property. Presentation From professional photographs to aerial shots we offer everything required to show your property in its best possible light. Selling or Letting Your Property Your property will feature prominently on all of the major property portals and related websites. As well as featuring in our attractive Woolton Village venue, your property will be promoted to our own internal network of domestic & international investors, home movers, renters & relocation agents. Viewings Your designated personal agent will offer a personal & tailor-made service, ensuring that you are kept up to date with feedback and marketing reports every step of the way. Agreeing a Sale or Let Your designated personal agent will negotiate to ensure that you are successful in achieving the best possible price & terms for your property. Sales Progression This is where we really stand out from the crowd. Following an agreed sale your designated personal agent will liaise with both sets of solicitors to ensure that your transaction is as smooth and stress-free as possible. The same agent who carried out the initial valuation will handle every step of the process right up until the recommending of removal men & handing over of keys. For more information on our services, please feel free to drop into our Woolton Village office for a chat. Alternatively, you can contact us either by telephone, email, or via our website. SALES DISCLAIMER: TIP! Buying or selling a home becomes much easier if you're using the right agent, the right broker and the right solicitor. Here at Homesure, we recommend only those that have delivered for our previous clients, and not because of any financial affiliations. Support Word-of-mouth! These property details are set out to provide a general guide as to what the property consists of. They are not intended to be used as part of an Offer or Contract. If interior photographs are included they are reproduced for general information and it cannot be inferred that any item shown is included in the sale. Please check with us if you wish to clarify exactly what is included. Any services, equipment, fittings and/or systems have not been tested and no guarantee is given or implied that these are in working order. Buyers are advised to obtain verification from their solicitor or surveyor. Fixtures, fittings and other items are not included unless specifically described. All measurements, distances and areas are approximate and are for guidance only. Room measurements are approximate and buyers are advised to check these for their own benefit. Every care has been taken with the preparation of these Sales Particulars but complete accuracy cannot be guaranteed. Buyers should in all cases verify matters for themselves. Where property alterations have been undertaken buyers should check that the relevant permissions have been obtained. If there is any point which is of particular importance let us know and we will verify it for you. 

EPC Rating: D

Agent Details

Homesure Property, Liverpool

0151 453 2429

Next Steps?

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