2 Bed Flat, Refurb/BRRR, Liverpool, L3 2HA, £170,000

Hatton Garden, Liverpool, L3 2HA - 6 views - 4 months ago

Leasehold
Refurb/BRRR
ROI: 6%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£37K - £315K
Sold Prices/m²£352/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£117,978

 

 

End Value (After Refurb)

£145,818

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£28,709

Bridging Loan Interest

£4,463

Total Cash In

£83,722

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£145,818

Mortgage (After Refinance)

£109,363

Mortgage LTV

75%

Cash Left In

£83,722

Equity

£36,454

Rent Range

£800 - £2,800

Rent Estimate

£1,100

Running Costs/mo

£696

Cashflow/mo

£404

Cashflow/yr

£4,852

ROI

6%

Gross Yield

8%

Local Sold Prices

43 sold prices from £37K to £315K, average is £190K. £352/m² to £2.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£217K12/220.53 miFlat 202c, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£240K12/220.55 miFlat 209, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£162K06/210.59 miFlat 371, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BU2
£144K10/210.59 miFlat 363, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BU2
£230K12/220.59 miFlat 120, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£240K05/210.59 miFlat 112, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£163K08/210.59 miFlat 201, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£240K12/230.59 miFlat 128, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£225K01/230.59 miFlat 158, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£236K04/230.59 miFlat 153, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£270K06/230.59 miFlat 23, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£210K01/210.59 miFlat 110, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£187K05/210.59 miFlat 73, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£215K08/230.59 miFlat 198, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£275K01/210.59 miFlat 127, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£200K12/200.59 miFlat 191, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£285K05/210.59 miFlat 150, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BH2
£227.5K10/200.59 miFlat 81, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BQ2
£220K05/230.59 miFlat 72, Waterloo Warehouse, Waterloo Road, Liverpool, Merseyside L3 0BG2
£185K01/240.62 miWaterloo Quay, Flat 350, Waterloo Road, Liverpool, Merseyside L3 0BT2
£155K09/230.62 mi109, Benson Street, Liverpool, Merseyside L1 2SS2
£140K09/210.66 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£185K10/230.67 miFlat 295, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£140K09/210.67 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£190K02/230.67 miFlat 231, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£195K10/230.67 miFlat 232, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£172K03/230.67 miFlat 235, Waterloo Quay, Waterloo Road, Liverpool, Merseyside L3 0BS2
£120K02/210.69 mi82, St Andrew Street, Liverpool, Merseyside L3 5XY2
£131K11/210.77 mi19, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£195K02/210.77 mi18, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£101K12/200.77 mi31, Dukes Terrace, Liverpool, Merseyside L1 4JS2
£100K12/210.77 mi133, Salisbury Street, Liverpool, Merseyside L3 8BT2
£37K05/220.79 mi75, James Dunne Avenue, Liverpool, Merseyside L5 8SA2
£315K11/230.82 miEast Quay, Flat 48, Wapping Quay, Liverpool, Merseyside L3 4BU2
£260K12/200.82 miFlat 11, North Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£275K10/200.82 miFlat 38, East Quay, Wapping Dock, Liverpool, Merseyside L3 4BU2
£285K04/240.82 miEast Quay, Flat 33, Wapping Quay, Liverpool, Merseyside L3 4BU2
£97K10/200.84 mi15, Courtier Close, Liverpool, Merseyside L5 3PT2
£113K03/230.86 mi37, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£150K10/200.86 mi40, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£150.5K01/230.87 mi10, Arch View Crescent, Liverpool, Merseyside L1 7BA2
£92K07/210.88 mi6, Gem Street, Liverpool, Merseyside L5 2AT2
£116.1K07/220.9 mi62, Chapel Gardens, Liverpool, Merseyside L5 5BE2

Local Rents

50 rents from £800/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.04 miCheapside, Liverpool2
£1,25005/240.04 miCable House, 49 Cheapside, Liverpool, Merseyside, L22
£1,55002/240.04 mi-2
£1,70012/240.04 mi-2
£1,30003/250.04 mi-2
£1,10004/240.04 mi-2
£1,10012/240.04 mi-2
£1,15002/250.04 mi-2
£1,15002/250.04 mi-2
£1,30003/240.05 miCheapside, Liverpool, Merseyside, L22
£1,50004/240.08 mi15 Hatton Garden, Liverpool, Merseyside, L32
£95012/240.08 miHatton Gardens, L3 2HA, 2
£2,60004/240.08 mi-2
£99504/240.09 mi81 Dale Street, Liverpool2
£1,25005/240.09 miPrinces Buildings, Dale Street2
£80004/240.09 miTithebarn Street, Liverpool, L32
£1,05012/240.1 mi-2
£1,05012/240.1 mi-2
£1,20006/240.1 miCrosshall Street, Liverpool2
£80003/240.1 mi-2
£90006/240.1 mi-2
£1,17003/250.1 mi-2
£1,25006/240.1 miWestminster Chambers, Crosshall Street2
£90012/240.1 mi-2
£1,15012/240.11 miStandish Street, Liverpool, L32
£1,20003/250.11 mi-2
£90005/240.11 miWestminster Chambers, Crosshal, Liverpool2
£95004/240.11 mi-2
£95003/250.11 mi-2
£89502/250.13 mi-2
£1,10004/240.13 miStandish Street, Liverpool, Merseyside, L32
£80004/240.13 mi17 Standish Street, Liverpool2
£90012/240.13 miHamilton House, Pall Mall, Liverpool2
£90012/240.13 mi-2
£1,25012/240.13 mi-2
£89503/240.13 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£90004/240.13 miPall Mall, Liverpool2
£89512/240.13 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£89512/240.13 miPall Mall, Liverpool, Merseyside, L32
£89504/240.14 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£87504/240.14 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£89504/240.14 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£89504/240.14 miHamilton House, 26 Pall Mall, Liverpool, Merseyside, L32
£1,05004/240.14 mi-2
£1,05004/240.14 miDale Street, Liverpool, L22
£99504/240.15 miCitrus House, Dale Street, Liverpool, Merseyside, L22
£1,80002/250.15 mi-2
£89502/240.15 mi-2
£90003/250.15 mi-2
£2,80003/250.15 mi-2

Local Area Statistics

Population in L3

17,396

Population in Liverpool

675,519

Town centre distance

3.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+67%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £170,000

December 9, 2024

Floor Plans

Description

  • Guide Price £180,000 - £170,000 +
  • Second Floor Duplex Apartment +
  • Spacious & Versatile Accommodation +
  • One/Two Bedrooms +
  • Bright & Spacious Open Plan Living Space +
  • Modern Well-Appointed Kitchen +
  • Modern Bathroom & En-Suite Shower Room +
  • Allocated Parking Space +
  • Central City Centre Location with Shops, Amenities & Transport Links +
  • Ideal for First Time Buyers, Downsizers & Investors +

A one/two bedroom duplex apartment on the second floor providing spacious and versatile accommodation throughout, located in the highly desirable Hatton Garden in Liverpool close to city centre shops, amenities and transport links. The property offers fantastic potential for either downsizers, first time buyers looking to get onto the property ladder and put their own stamp on a home, or investors looking for a renovation project to re-market or rent out. Internally the property is accessed via a grand communal hall with both a lift and stairs as well as a secure intercom system into the apartment. Entering the apartment there is a hall with a storage cupboard and stairs to the upper floor accommodation and leading into a bright and spacious open plan reception room and kitchen offering generous space for furniture with two tall windows allowing ample natural light and a modern kitchen featuring a great range of units and space for appliances, with an integrated microwave and an extractor system. There is also a modern bathroom suite to this floor. To the upper floor there is a mezzanine area which is currently utilised as a bedroom with access to a modern en-suite shower room, as well as a smaller bedroom/study. The property also benefits from an allocated parking space included in the sale. Early viewing is highly recommended due to the property being realistically priced. ADDITIONAL INFORMATION: Council Tax Band: C Local Authority: Liverpool Lease Term: 999 years (less 10 days) from 13 May 1998 *This information is to be confirmed by the solicitor* Early viewing is highly recommended due to the property being realistically priced.

Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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

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