2 Bed Flat, Single Let, Wallasey, CH45 3NS, £110,000

The Banks Burbo Way, Wallasey,, CH45 3NS - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~60 m²
+28 photos

ValuationUndervalued

Sold Prices£87K - £230K
Sold Prices/m²£1.3K/m² - £3.3K/m²

 

 

Square Metres

~60.20 m²
Price/m²£1.8K/m²

Value Estimate

£122,441
BMV11%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£650 - £825

Rent Estimate

£750

Running Costs/mo

£514

Cashflow/mo

£236

Cashflow/yr

£2,835

ROI

8%

Gross Yield

8%

Local Sold Prices

28 sold prices from £87K to £230K, average is £143.5K. £1.3K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£170K04/230.17 mi3, Cormorant Court, Wallasey, Merseyside CH45 3QL2
£124K03/210.2 mi20, Dunlins Court, Wallasey, Merseyside CH45 3QN2
£135K03/210.22 mi29, Roseate Court, Wallasey, Merseyside CH45 3QW2
£135K03/210.22 mi21, Roseate Court, Wallasey, Merseyside CH45 3QW2
£165K07/210.22 mi9, Roseate Court, Wallasey, Merseyside CH45 3QW2
£155K09/210.28 mi1, Newport Avenue, Wallasey, Merseyside CH45 8QJ2
£147K03/210.28 miFlat 15, Bayswater Court, Newport Avenue, Wallasey, Merseyside CH45 8QJ2
£166.5K11/220.28 mi9, Newport Avenue, Wallasey, Merseyside CH45 8QJ2
£120K12/200.29 mi41, Groveland Road, Wallasey, Merseyside CH45 8JY2
£107K01/230.33 mi9, Village Mews, Wallasey, Merseyside CH45 3HD2
£105K12/220.33 mi3, Village Mews, Wallasey, Merseyside CH45 3HD2
£100.5K07/210.56 mi14, Village Way, Wallasey, Merseyside CH45 3NZ2
£142K11/200.56 mi56c, Warren Drive, Wallasey, Merseyside CH45 0JT2
£195K07/230.6 miGround Floor Flat, 12, Ennerdale Road, Wallasey, Merseyside CH45 0LY2
£110K12/220.63 mi4a, Hamlet Road, Wallasey, Merseyside CH45 6UT2
£87K12/200.71 miFlat 3, St Georges Court, St Georges Road, Wallasey, Merseyside CH45 3NF2
£230K04/210.71 mi2, St Georges Road, Wallasey, Merseyside CH45 3NE2
£175K03/210.72 miApartment 7, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH2
£175K02/210.72 miApartment 4, Montpellier Court, Montpellier Crescent, Wallasey, Merseyside CH45 9LH2
£211.5K11/210.73 mi25, Hamilton Road, Wallasey, Merseyside CH45 9JF2
£110K07/230.77 mi225c, Seaview Road, Wallasey, Merseyside CH45 4PD2
£170K10/220.78 mi12a, Dudley Road, Wallasey, Merseyside CH45 9JP2
£145K09/210.78 mi15a, Dudley Road, Wallasey, Merseyside CH45 9JP2
£160K07/210.8 miFlat 10, Warren Hurst, Montpellier Crescent, Wallasey, Merseyside CH45 9HZ2
£90K06/230.8 miFlat 10, Portland Court, Wellington Road, Wallasey, Merseyside CH45 2NQ2
£122K11/220.8 miFlat 4, St Georges Court, St Georges Road, Wallasey, Merseyside CH45 3NF2
£122K01/230.81 mi7a, Sidney Avenue, Wallasey, Merseyside CH45 9JL2
£149K03/230.85 miFlat 16, Pinetree Court, Wallasey Village, Wallasey, Merseyside CH44 2DH2

Local Rents

11 rents from £650/mo to £825/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£75003/250.12 mi-2
£75003/240.15 miCormorant Court, Wallasey, CH452
£75004/240.15 mi-2
£75004/250.15 mi-2
£77503/240.33 miVillage Mews, Wallasey2
£80002/240.37 mi-2
£82504/240.37 mi-2
£82504/240.37 mi-2
£82504/240.37 miSandiways Road, Wirral, CH452
£82503/250.37 mi-2
£65003/240.39 miStanley Avenue, Wallasey, CH45 8JN2

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.97 miles away

Nearest school

0.50 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £110,000

February 16, 2025

Listed for £120,000

January 3, 2025

Floor Plans

Description

  • Two Bed Ground Floor Flat +
  • Sold With No Chain +
  • Private Balcony +
  • Council Tax Band B +
  • EPC Rating D +

Sitting upon the ground floor of this much sought-after development, this two-bedroom apartment is larger than the standard two beds in this block and boasts uPVC double glazing and gas central heating plus a lovely balcony where you can sit and enjoy the lovely views! Having the benefit of being sold with no chain, this superb apartment is ready to move into and start enjoying. Situated a short walk into Wallasey Village near to local shops and points of interest including Harrison Park, the promenade, frequent transport routes and commuter links. Also, not too far from the excellent range of amenities in New Brighton. Interior: communal entrance with serviced lift and stairs to the third floor, inner entrance, dressing room, living/dining area, balcony, kitchen, two bedrooms and bathroom. Complete with uPVC double glazing and gas central heating. Exterior: en-bloc garage, communal gardens and parking. Viewing is highly recommended; do not delay! Communal Entrance Secure entrance with a serviced lift and stairs to all floors. The apartment is on the ground floor level with a communal hallway leading to the main private entrance door into the accommodation. Inner Hallway As you walk along the corridor you come to the private entrance door opening into an inviting hallway with wall lights and doors into: Dressing Room - 1.98m x 1.42m (6'6" x 4'8") Great addition for extra storage with hanging rails. Living/Dining Room - 5.03m x 5.21m (16'6" x 17'1") Great to relax in and meal times; with uPVC double glazed door that opens onto a balcony, with inset Venetian blinds. Television point, electric fire within a surround and central heating radiator. Sliding door opening into the kitchen. Kitchen - 4.37m x 1.8m (14'4" x 5'11") Tastefully chosen modern fitted kitchen having a range of matching base and wall units with under unit lighting, contrasting work surfaces and tiled splash backs. Sink and drainer with mixer tap over set below uPVC double glazed window with inset blinds . Inset four ring hob with extractor above, and oven below. Space for fridge freezer, space for washing machine and central heating radiator. Tile effect flooring. Bedroom - 3.43m x 2.92m (11'3" x 9'7") uPVC double glazed window having a pleasant outlook with inset Venetian blinds. Central heating radiator, television point and recently fitted wardrobes with sliding doors. Bedroom - 3.43m x 1.98m (11'3" x 6'6") uPVC double glazed window having inset Venetian blinds. Central heating radiator and television point. Shower Room Modern shower room with suite comprising shower cubicle with electric shower, low level WC and wash basin with light up mirror above. Extractor fan, ladder radiator and airing cupboard. Complete with tile effect flooring. Exterior Well-kept communal gardens and parking. Garage En-bloc garage with up and over door. Location The Banks on Burbo Way can be found off Mockbeggar Drive, a turning off Harrison Drive, approx. 1.7 miles driving distance from our Liscard office. Property Misdescriptions Act 1991. For clarification, Harper & Woods Estate Agents wish to inform prospective purchasers that we have not tested any of the appliances or the heating system and cannot give any warranties as to their full working order. Purchasers are advised to obtain independent specialist reports if they have any doubts. All measurements are approximate and should not be relied upon for carpets or furnishings. Any mention of appliances, equipment, fixtures, fittings or services unless specifically stated are not included in the sale of the property. We cannot verify that these are fit for purpose or in full working order, as they have not been tested by ourselves. You are advised to gain specialist independent reports if you have any hesitations. Measurements, areas and distances provided are an approximate only. They are for general guidance and should not be relied upon for furnishings, flooring or any other outspend. The chosen photographs only illustrate perspectives of the properties interior and exterior as they appeared at the time they were taken. Our particulars for each property are created as a general outline only for the guidance of prospective buyers. Any information is given without responsibility on our part and we recommended that our information is verified by yourself. We endeavour to ensure that the information on our website is accurate and reliable however information about a property is liable to be changed at any time.

Agent Details

Harper & Woods, Wallasey

0151 453 8854

Next Steps?

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