4 Bed Semi-Detached House, Refurb/BRRR, Liverpool, L31 1BL, £190,000

Andrew Avenue, Melling, L31 1BL - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 3%
~119 m²
+12 photos

ValuationFair Value

Sold Prices£110K - £420K
Sold Prices/m²£882/m² - £3.8K/m²

 

 

Square Metres

~119.10 m²
Price/m²£1.6K/m²

Value Estimate

£190,000

 

 

End Value (After Refurb)

£251,410

Uplift in Value

+32%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£50,201

Bridging Loan Interest

£4,988

Total Cash In

£115,139

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£251,410

Mortgage (After Refinance)

£188,558

Mortgage LTV

75%

Cash Released

£46,058

Cash Left In

£69,081

Equity

£62,853

Rent Range

£795 - £4,500

Rent Estimate

£1,340

Running Costs/mo

£1,074

Cashflow/mo

£266

Cashflow/yr

£3,196

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £110K to £420K, average is £245.3K. £882/m² to £3.8K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£205K02/210.12 mi5, Birchtree Drive, Liverpool, Merseyside L31 1DE4
£260K12/200.12 mi11, Birchtree Drive, Liverpool, Merseyside L31 1DE4
£262.5K11/200.12 mi9, Birchtree Drive, Liverpool, Merseyside L31 1DE4
£185K10/210.14 mi51, Dapple Heath Avenue, Maghull, Liverpool, Merseyside L31 1GA4
£249.5K11/200.14 mi4, Dapple Heath Avenue, Maghull, Liverpool, Merseyside L31 1GA4
£165K11/200.14 mi22, Dapple Heath Avenue, Maghull, Liverpool, Merseyside L31 1GA4
£420K10/230.14 mi3, Iris Park Walk, Melling, Liverpool, Merseyside L31 1FB4
£179K02/210.17 mi37, Satinwood Crescent, Liverpool, Merseyside L31 1JX4
£247K02/230.18 mi63, Mount Road, Liverpool, Merseyside L32 2AN4
£260K03/210.19 mi5, Swinderby Drive, Kirkby, Liverpool, Merseyside L31 1JW4
£300K01/230.19 mi18, Swinderby Drive, Kirkby, Liverpool, Merseyside L31 1JW4
£275K11/200.21 mi11, Baytree Grove, Melling, Liverpool, Merseyside L31 1LR4
£260K11/220.21 mi29, Chestnut Walk, Melling, Liverpool, Merseyside L31 1LL4
£200K01/210.21 mi8, Chestnut Walk, Liverpool, Merseyside L31 1LL4
£245.5K04/210.21 mi15, Rock View, Maghull, Liverpool, Merseyside L31 1JF4
£248K04/210.21 mi3, Rock View, Melling, Liverpool, Merseyside L31 1JF4
£290K06/230.21 mi12, Rock View, Melling, Liverpool, Merseyside L31 1JF4
£272K01/230.22 mi19, Granborne Chase, Kirkby, Liverpool, Merseyside L32 2DN4
£260K12/200.22 mi17, Granborne Chase, Kirkby, Liverpool, Merseyside L32 2DN4
£257K12/220.25 mi40, Park Road, Kirkby, Liverpool, Merseyside L32 2AL4
£255K09/230.25 mi80, Mount Road, Liverpool, Merseyside L32 2AW4
£300K07/210.25 mi68, Mount Road, Kirkby, Liverpool, Merseyside L32 2AW4
£270K05/210.26 mi10, Ledsons Grove, Melling, Liverpool, Merseyside L31 1GB4
£260K09/210.27 mi25, Partridge Road, Kirkby, Liverpool, Merseyside L32 2DJ4
£206.7K12/230.29 mi15, Archers Fold, Melling, Liverpool, Merseyside L31 1LJ4
£220K10/230.36 mi19, North Park Road, Liverpool, Merseyside L32 2AR4
£139.9K08/210.36 mi195, Whitefield Drive, Liverpool, Merseyside L32 0RB4
£165K08/210.44 mi29, Beldale Park, Kirkby, Liverpool, Merseyside L32 2DE4
£120K11/200.45 mi1, Lognor Road, Kirkby, Liverpool, Merseyside L32 0SX4
£152K01/230.48 mi10, Coton Way, Liverpool, Merseyside L32 0SP4
£129K05/240.5 mi5, Benwick Road, Liverpool, Merseyside L32 4SQ4
£295K01/210.53 mi5, Mill Lane, Kirkby, Liverpool, Merseyside L32 2AU4
£175K04/210.58 mi69, Rowan Drive, Kirkby, Liverpool, Merseyside L32 0SF4
£186K12/220.58 mi6, William Roberts Avenue, Kirkby, Liverpool, Merseyside L32 0UN4
£287K12/220.59 mi26, Deerbolt Crescent, Kirkby, Liverpool, Merseyside L32 2BE4
£185K01/210.59 mi94, Pennine Way, Kirkby, Liverpool, Merseyside L32 2BL4
£311K09/220.59 mi2, Deerbolt Close, Liverpool, Merseyside L32 2BG4
£161K05/230.6 mi43, Richard Hesketh Drive, Kirkby, Liverpool, Merseyside L32 0TX4
£112.5K09/210.63 mi14, Mercer Avenue, Liverpool, Merseyside L32 4TX4
£185K06/210.65 mi3, Heydon Avenue, Kirkby, Liverpool, Merseyside L32 4WB4
£125K06/230.72 mi8, Newick Road, Liverpool, Merseyside L32 4TH4
£160K04/210.74 mi68, Rowan Drive, Kirkby, Liverpool, Merseyside L32 0SH4
£245K09/220.76 mi105, Rowan Drive, Kirkby, Liverpool, Merseyside L32 0SG4
£200K05/230.77 mi27, Ambleside Drive, Kirkby, Liverpool, Merseyside L33 2EE4
£110K03/210.77 mi91, Whitefield Drive, Liverpool, Merseyside L32 4ST4
£230K10/210.78 mi20, Kendal Road, Kirkby, Liverpool, Merseyside L33 2ED4
£180K01/230.78 mi2, Kendal Road, Kirkby, Liverpool, Merseyside L33 2ED4
£300K05/210.79 mi35, Rugby Drive, Liverpool, Merseyside L10 8JU4
£265K10/200.8 mi26, Canterbury Close, Aintree, Liverpool, Merseyside L10 8LA4
£298K05/210.8 mi64, Taunton Drive, Liverpool, Merseyside L10 8JP4

Local Rents

16 rents from £795/mo to £4.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.17 miSatinwood Crescent, Melling, L31 1JX3
£1,50004/240.19 miOlive Close, MELLING, L31 4
£1,60004/240.19 miSwinderby Drive,Liverpool,L31 1JW4
£1,60012/240.19 miSwinderby Drive,Liverpool,L31 1JW4
£1,45004/240.22 miGranbourne Chase, Kirkby Park4
£1,20001/240.23 mi-4
£82505/240.31 miMelverley Road, Westvale3
£85004/240.32 miLinton Place, Kirkby, L32 0WA3
£79511/230.33 mi-3
£84503/250.33 mi-3
£79504/240.34 miTallarn Road, Westvale, Kirkby3
£1,65004/240.37 mi-4
£89512/240.42 miMount Crescent, Kirkby3
£89512/240.47 mi-4
£89502/250.47 mi-4
£4,50002/250.5 mi-3

Local Area Statistics

Population in L31

30,316

Population in Liverpool

675,519

Town centre distance

3.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental growth (12m)

+31%

Sales demand

Balanced market

Capital growth (5yrs)

+37%

Property History

Listed for £190,000

December 20, 2024

Floor Plans

Description

  • Semi-Detached Dormer Bungalow +
  • Four Bedrooms +
  • Circa 1282 Square Feet +
  • Fitted Kitchen +
  • Laid to Lawn Rear Garden with Patio Area +
  • Driveway Parking +
  • Detached Garage +
  • Popular Location +
  • NO CHAIN +

Arnold and Phillips are pleased to offer this four-bedroom dormer bungalow, ideally positioned along the sought-after Andrew Avenue in Melling, Liverpool. Offering a fantastic opportunity for buyers looking to put their own stamp on a home, this property presents clear potential for modernisation, with spacious living areas and a well-designed layout that can be adapted to suit a range of needs.

The property is approached via a private driveway, offering ample off-road parking and leading to a detached garage, perfect for additional storage or workshop use. The frontage is practical yet welcoming, with a manageable garden space that can be easily enhanced for those with a keen eye for landscaping.

Stepping inside, the ground floor is centred around a generously sized main living room, an ideal space for relaxing or entertaining. The proportions of the room are impressive, giving it a versatile feel that could accommodate both formal and informal living setups. Located to the rear of the property is the fitted kitchen, which provides a good range of units, contrasting work surfaces, and space for appliances. While functional, this area offers an excellent opportunity for reconfiguration or updating to suit modern tastes, particularly for those considering an open-plan kitchen-diner arrangement.

Two of the property’s four bedrooms are located on the ground floor, both of which are spacious and adaptable. Whether you choose to use them as sleeping quarters, a home office, or even a hobby room, the options are plentiful. Completing this floor is the family shower room, which is fitted with a corner shower, WC, and vanity wash hand basin, offering a practical and accessible bathroom solution.

Ascending to the first floor, two further double bedrooms can be found. Both rooms are neutrally finished and offer plenty of space for furnishings, ensuring they are ready to be adapted to suit personal tastes. The dormer layout allows for a comfortable and functional use of the upper floor, with the bedrooms providing a private and peaceful retreat away from the main living areas.

The rear garden is a welcoming feature, providing a spacious patio terrace that extends into a rolling turfed lawn bordered by established shrubs and plants. For those who enjoy spending time outdoors, this garden offers a blank canvas to create the perfect space for relaxing, entertaining, or even cultivating a vegetable patch. The size and layout lend themselves well to families, pet owners, or anyone looking for a peaceful outdoor space to unwind.

Andrew Avenue is a popular and well-regarded residential area in Melling, offering the benefits of a quiet location while remaining close to local amenities. Nearby schools, both primary and secondary, make this an attractive option for families. Shopping facilities are conveniently close, with supermarkets, local shops, and cafes all within easy reach. For commuters, excellent transport links are provided by road and rail, with the M58 and M57 motorways just a short drive away and local train stations offering direct connections to Liverpool city centre. The surrounding area also provides plenty of green spaces and recreational opportunities, including nearby parks and scenic walking routes, making it ideal for those seeking a balance between urban convenience and a quieter suburban lifestyle.

With approximately 1,300 square feet of living space, gas central heating, and double glazing throughout, this property offers an excellent base to create a modern family home tailored to your tastes and requirements. The scope for improvement is clear, and with the right vision, this dormer bungalow could be transformed into a stylish and functional property that perfectly suits modern living.

Viewings are highly recommended to fully appreciate the size, potential, and location on offer with this home. For more information or to arrange your appointment, please don’t hesitate to get in touch – properties with such promise don’t remain available for long.

Tenure: We are advised by our client that the property is Leasehold (further details to be confirmed)
Council Tax Band: C

Every care has been taken with the preparation of these property details but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. These property details do not constitute a contract or part of a contract. We are not qualified to verify tenure of property. Prospective purchasers should seek clarification from their solicitor or verify the tenure of this property for themselves by visiting mention of any appliances, fixtures or fittings does not imply they are in working order. Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale. All dimensions are approximate.

Agent Details

Arnold & Phillips, Ormskirk

01695 317473

Next Steps?

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