3 Bed Terraced House, Refurb/BRRR, Liverpool, L36 1TP, £140,000

Wallace Avenue, Liverpool, L36 1TP - 5 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£60K - £285K
Sold Prices/m²£938/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£140,000

 

 

End Value (After Refurb)

£143,727

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Refurb Costs

£39,324

Bridging Loan Interest

£3,675

Total Cash In

£85,149

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£143,727

Mortgage (After Refinance)

£107,795

Mortgage LTV

75%

Cash Released

£2,795

Cash Left In

£82,354

Equity

£35,932

Rent Range

£850 - £1,395

Rent Estimate

£969

Running Costs/mo

£663

Cashflow/mo

£306

Cashflow/yr

£3,673

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £285K, average is £140K. £938/m² to £4K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£133K04/210.01 mi80, Wallace Avenue, Liverpool, Merseyside L36 1TP3
£110K02/230.05 mi35, Wallace Avenue, Liverpool, Merseyside L36 1TN3
£138K11/210.1 mi12, Oxford Road, Huyton, Liverpool, Merseyside L36 1XG3
£131K02/230.11 mi16, Oxford Road, Huyton, Liverpool, Merseyside L36 1XG3
£154K01/210.11 mi56, Longview Drive, Liverpool, Merseyside L36 6EF3
£225K02/230.11 mi58, Longview Drive, Liverpool, Merseyside L36 6EF3
£133K05/230.12 mi44, Hurst Park Drive, Liverpool, Merseyside L36 1UQ3
£160K06/230.15 mi25, Chester Road, Huyton, Liverpool, Merseyside L36 1UN3
£170K07/230.15 mi89, Hurst Park Drive, Liverpool, Merseyside L36 1UE3
£182K06/210.18 mi17, Wallace Drive, Liverpool, Merseyside L36 1TJ3
£155K01/230.18 mi5, Bedford Close, Huyton, Liverpool, Merseyside L36 1XH3
£155K04/230.2 mi45, Oxford Road, Huyton, Liverpool, Merseyside L36 1XF3
£130K05/210.2 mi45, Oxford Road, Huyton, Liverpool, Merseyside L36 1XF3
£133K10/210.2 mi55, Oxford Road, Huyton, Liverpool, Merseyside L36 1XF3
£60K03/210.2 mi35, Oxford Road, Huyton, Liverpool, Merseyside L36 1XF3
£120K12/220.21 mi6, Durham Way, Liverpool, Merseyside L36 1XR3
£257.5K04/210.21 mi146, Huyton Lane, Liverpool, Merseyside L36 1TQ3
£207.5K05/230.21 mi220, Huyton Lane, Liverpool, Merseyside L36 1TQ3
£255K03/230.21 mi216, Huyton Lane, Liverpool, Merseyside L36 1TQ3
£250K08/230.21 mi194, Huyton Lane, Liverpool, Merseyside L36 1TQ3
£150K06/230.22 mi2, Stafford Close, Liverpool, Merseyside L36 1TD3
£120K12/220.24 mi28, Hardie Road, Liverpool, Merseyside L36 6DR3
£139K04/210.25 mi6, Essex Road, Liverpool, Merseyside L36 1XW3
£130K11/210.25 mi88, Essex Road, Liverpool, Merseyside L36 1XP3
£104K01/210.26 mi92, Whiston Lane, Huyton, Liverpool, Merseyside L36 1TZ3
£100K01/210.26 mi83, Attlee Road, Liverpool, Merseyside L36 6BG3
£128K05/210.26 mi55, Attlee Road, Liverpool, Merseyside L36 6BG3
£125K12/220.26 mi9, Lincoln Way, Liverpool, Merseyside L36 1XL3
£140K06/230.27 mi7, Lincoln Close, Huyton, Liverpool, Merseyside L36 1XS3
£175K05/210.28 mi11, Whiston Lane, Huyton, Liverpool, Merseyside L36 1TX3
£243K05/230.28 mi25, Whiston Lane, Huyton, Liverpool, Merseyside L36 1TX3
£160K02/230.3 mi62, Lansbury Road, Liverpool, Merseyside L36 6BZ3
£142.3K11/200.3 mi35, Lansbury Road, Liverpool, Merseyside L36 6BZ3
£128K05/230.31 mi9, Lansbury Road, Liverpool, Merseyside L36 6BY3
£97.5K11/200.34 mi7, Lynton Road, Liverpool, Merseyside L36 6HE3
£285K03/210.37 mi27, Hillcrest Avenue, Liverpool, Merseyside L36 6DT3
£130K08/230.38 mi10, Taunton Road, Liverpool, Merseyside L36 6EZ3
£218K12/220.39 mi7, Heather Brae, Prescot, Merseyside L34 1PT3
£155K12/220.39 mi61, Adswood Road, Liverpool, Merseyside L36 7XW3
£116K07/210.39 mi55, Adswood Road, Liverpool, Merseyside L36 7XW3
£268.5K01/230.4 mi9, St Mathews Close, Huyton, Liverpool, Merseyside L36 7RN3
£130K02/230.41 mi42, Seel Road, Liverpool, Merseyside L36 6DH3
£198K07/230.42 mi14, Waverley Drive, Prescot, Merseyside L34 1PU3
£112K08/210.43 mi19, Midway Road, Liverpool, Merseyside L36 7TG3
£120K06/210.43 mi6, Rotherham Close, Liverpool, Merseyside L36 7RP3
£192.5K03/210.45 mi8, Kensington Drive, Prescot, Merseyside L34 1PR3
£142K06/230.45 mi20, Wellcroft Road, Liverpool, Merseyside L36 7TB3
£215K10/220.45 mi12, Henrietta Grove, Prescot, Merseyside L34 1PZ3
£95K07/210.46 mi26, Molyneux Close, Liverpool, Merseyside L36 6DL3
£140K01/210.46 mi24, Molyneux Close, Liverpool, Merseyside L36 6DL3

Local Rents

11 rents from £850/mo to £1.4K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£1,00005/240.28 mi-3
£87504/240.43 miRotherham Close, Liverpool, Merseyside, L363
£90002/240.46 mi-3
£1,07503/250.51 mi-3
£1,07512/240.51 mi-3
£1,07504/240.51 miLauren Close, Liverpool, L363
£1,39505/240.59 miBlue Bell Lane, Liverpool, L363
£85004/240.62 miBarford road L363
£97504/240.62 mi-3
£97504/240.62 mi-3
£85004/240.62 mi-3

Local Area Statistics

Population in L36

39,896

Population in Liverpool

675,519

Town centre distance

6.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.85 miles away

 

 

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Listed for £140,000

January 3, 2025

Floor Plans

Description

  • Perfect For First Time Buyers +
  • Request Viewings 24/7 +
  • Driveway +
  • Driveway +
  • Rear Garden +
  • Conservatory +
  • Three Bedrooms +

The Property
Located on Wallace Avenue in the sought-after area of Liverpool, Merseyside, this spacious 3-bedroom mid-terrace property offers fantastic potential for both families and first-time buyers. As you enter, you're greeted by a welcoming hallway that leads into a large lounge, a bright and airy space ideal for family gatherings or relaxation. The lounge seamlessly flows into a conservatory, providing additional living space and views over the rear garden. To the opposite side of the ground floor, you’ll find the kitchen, which offers plenty of room for creating your dream cooking area.

Upstairs, the property features three generously sized bedrooms, perfect for a growing family, as well as a family bathroom. While the property would benefit from some modernisation, it offers a solid foundation for someone to put their own stamp on it and create a home that suits their needs.

Externally, the property boasts ample driveway space, making parking convenient for multiple vehicles. To the rear, there is a good-sized paved area and a lawned space, ideal for outdoor entertaining or simply enjoying the fresh air. With its ample space, potential for improvement, and ideal location, this property is a must-see for anyone looking to invest in a home with great family appeal.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Liverpool

020 3907 2647

Next Steps?

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