2 Bed Semi-Detached House, Refurb/BRRR, Wallasey, CH44 0BP, £75,000

Guildford Street, Wallasey, Wirral, CH44 0BP - 11 views - 4 months ago

BTL
Refurb/BRRR
ROI: 5%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£55K - £160K
Sold Prices/m²£854/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£85,850
BMV1%

 

 

End Value (After Refurb)

£90,000

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£28,714

Bridging Loan Interest

£1,969

Total Cash In

£54,933

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£90,000

Mortgage (After Refinance)

£67,500

Mortgage LTV

75%

Cash Released

£11,250

Cash Left In

£43,683

Equity

£22,500

Rent Range

£525 - £850

Rent Estimate

£675

Running Costs/mo

£436

Cashflow/mo

£239

Cashflow/yr

£2,865

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £55K to £160K, average is £89K. £854/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£60K04/210.02 mi62, Guildford Street, Wallasey, Merseyside CH44 0BR2
£138K09/210.23 mi27, St Brides Road, Wallasey, Merseyside CH44 8BN2
£122K11/200.27 mi27, Littledale Road, Wallasey, Merseyside CH44 8EE2
£80K03/230.3 mi61b, Martins Lane, Wallasey, Merseyside CH44 1BG2
£146K04/230.3 mi21, Greenwood Lane, Wallasey, Merseyside CH44 1DD2
£100K03/230.3 mi1, Greenwood Lane, Wallasey, Merseyside CH44 1DD2
£100K03/230.31 mi20, Harrowby Road, Wallasey, Merseyside CH44 8BY2
£117.5K01/230.32 mi9, Wilson Avenue, Wallasey, Merseyside CH44 8BX2
£73.5K06/210.32 mi4, Wilson Avenue, Wallasey, Merseyside CH44 8BX2
£92K05/230.32 mi8, Gorsebank Street, Wallasey, Merseyside CH44 9BQ2
£58K01/210.33 mi12, Northbrook Road, Wallasey, Merseyside CH44 9AR2
£107K07/230.33 mi18, Walmsley Street, Wallasey, Merseyside CH44 1DY2
£55K06/230.33 mi5, Walmsley Street, Wallasey, Merseyside CH44 1DY2
£129.5K07/210.35 mi19, Brook Close, Wallasey, Merseyside CH44 1DU2
£95K08/210.35 mi56, Northbrook Road, Wallasey, Merseyside CH44 9AR2
£107K06/230.37 mi15, Northbrook Road, Wallasey, Merseyside CH44 9AP2
£88K06/210.39 mi5, Wesley Grove, Wallasey, Merseyside CH44 6QB2
£90K08/210.4 mi38, Hallville Road, Wallasey, Merseyside CH44 9AZ2
£110K12/220.4 mi22, Hallville Road, Wallasey, Merseyside CH44 9AZ2
£68K11/200.43 mi26, Mollington Road, Wallasey, Merseyside CH44 9BB2
£85K03/230.43 mi6, Mollington Road, Wallasey, Merseyside CH44 9BB2
£80K05/210.47 mi9, Karslake Road, Wallasey, Merseyside CH44 9EL2
£76K05/230.48 mi28, Lancaster Avenue, Wallasey, Merseyside CH45 7LP2
£65K07/210.49 mi7, Naples Road, Wallasey, Merseyside CH44 7HJ2
£138K12/220.5 mi55, Withens Lane, Wallasey, Merseyside CH45 7NE2
£133K12/200.51 mi21, Stratton Close, Wallasey, Merseyside CH45 7SJ2
£97.5K05/230.52 mi21, Brentwood Street, Wallasey, Merseyside CH44 4BB2
£85K03/210.52 mi28, Brentwood Street, Wallasey, Merseyside CH44 4BB2
£80K11/200.52 mi34, Brentwood Street, Wallasey, Merseyside CH44 4BB2
£110K12/220.54 mi47, Scott Street, Wallasey, Merseyside CH45 7LW2
£105K12/220.54 mi19, Eastcroft Road, Wallasey, Merseyside CH44 4BN2
£85K01/230.54 mi46, The Grove, Wallasey, Merseyside CH44 4BQ2
£107K02/230.54 mi15, Greencroft Road, Wallasey, Merseyside CH44 4BS2
£80K04/210.54 mi8, Kingsley Road, Wallasey, Merseyside CH44 4DS2
£70K11/200.54 mi6, Kingsley Road, Wallasey, Merseyside CH44 4DS2
£85K02/210.54 mi2, Greencroft Road, Wallasey, Merseyside CH44 4BS2
£125K03/210.55 mi18, Manor Road, Wallasey, Merseyside CH45 4JB2
£160K02/210.56 mi23, Brookthorpe Close, Wallasey, Merseyside CH45 7SH2
£110K03/230.56 mi23, Scott Street, Wallasey, Merseyside CH45 7LW2
£110K07/230.56 mi55, Scott Street, Wallasey, Merseyside CH45 7LW2
£122K12/200.56 mi7, Hartington Road, Wallasey, Merseyside CH44 5UJ2
£87.5K03/210.57 mi1, Selby Street, Wallasey, Merseyside CH45 7LN2
£74.5K11/200.58 mi5, Stourton Street, Wallasey, Merseyside CH44 4BD2
£90K12/220.59 mi31, Hatherley Street, Wallasey, Merseyside CH44 6RA2
£74.5K01/210.59 mi27, Hatherley Street, Wallasey, Merseyside CH44 6RA2
£68K12/200.59 mi36, Lucerne Road, Wallasey, Merseyside CH44 7HA2
£73K02/210.6 mi7, Rufford Road, Wallasey, Merseyside CH44 4BY2
£70.5K01/210.6 mi54, Rufford Road, Wallasey, Merseyside CH44 4BY2
£83.5K11/210.61 mi71, Wheatland Lane, Wallasey, Merseyside CH44 7EE2
£76K02/210.62 mi40, Geneva Road, Wallasey, Merseyside CH44 7EY2

Local Rents

50 rents from £525/mo to £850/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£59503/240.01 miGuildford Street, Wallasey2
£65005/240.02 miGuildford Street, Wallasey, Merseyside, CH442
£72501/240.03 mi-2
£72505/240.03 mi-2
£52502/250.16 mi-2
£59503/250.16 mi-2
£75005/240.16 miHawarden Avenue, Wallasey2
£65004/240.17 mi-2
£72501/250.17 mi-2
£85009/240.17 mi-2
£65004/240.17 miRosebery Avenue, Wallasey2
£65005/240.17 miRosebery Avenue, Wallasey2
£72505/240.18 miWright Street, Wallasey2
£69503/240.19 mi-2
£69503/240.19 miParkside, Wallasey, CH442
£69503/240.19 miParkside, Wallasey, CH442
£80002/240.21 mi-2
£65003/240.21 miSerpentine Road Wallasey2
£52504/250.21 mi-2
£52503/240.23 miKing Street, Wallasey, CH442
£52504/240.23 mi-2
£65003/250.23 mi-2
£62512/240.29 mi-2
£52503/240.35 miMartins Lane, Wallasey2
£72512/240.35 miNorthbrook Road, Wallasey, Wirral, CH442
£52503/240.36 miMartins Lane, Wallasey2
£67510/240.36 mi-2
£65003/240.36 miBelgrave Street, Liscard, CH442
£70003/240.38 miPark Street, Wallasey2
£75012/240.4 miHallville Road, Wallasey, Wirral, CH442
£69504/240.41 miSunbury Road, Wallasey2
£62503/240.43 miEaton Street, Liscard, CH442
£70004/240.43 miMollington Road, Wallasey2
£70005/240.44 mi-2
£65001/240.45 mi-2
£70004/250.45 mi-2
£55002/250.45 mi-2
£57511/240.46 mi-2
£60009/240.46 mi-2
£60005/240.46 mi-2
£74504/240.47 mi-2
£77504/240.48 mi-2
£77503/240.48 miKarslake Road, Wallasey, CH442
£77503/240.48 miKarslake Road, Wallasey, CH442
£57503/240.48 miNaples Road Wallasey Wirral2
£85002/240.48 mi-2
£67502/240.49 mi-2
£57510/240.49 mi-2
£65002/240.51 mi-2
£72511/230.51 mi-2

Local Area Statistics

Population in CH44

29,995

Population in Wallasey

60,790

Town centre distance

0.95 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £75,000

February 12, 2025

Listed for £85,000

January 6, 2025

Sold for £16,000

2000

Sold for £10,000

1998

Floor Plans

Description

  • Freehold +
  • Council Tax Band A +
  • 578 Approx Sq. Ft +
  • Two Bedroom Semi Detached +
  • Requires Modernisation +
  • Rental Yield of 9.9% +
  • Full Re-Wire Done +
  • One Bathroom +
  • Private Yard +
  • No Chain +

Calling All Investors! This two bedroom semi-detached house presents a fantastic opportunity for a landlord or property developer seeking a project. This property has excellent rental potential once renovated boasting a yield of almost 10%.

Located close to transport links over to Liverpool City Centre and local amenities you will find this traditional style 'two up, two down' house, bursting with potential.

This house offers a functional layout. With the ground floor consisting of a living room at the front and the kitchen located at the rear. This offers itself for redevelopment and transformation. The bathroom follows on from the kitchen and offers a three piece suite.

Upstairs, the two bedrooms are well proportioned, with features such as built in storage. Externally the house offers a small back yard.

Though the property does require extensive work, it has recently had a new re-wire and it is being sold with no chain. Alongside this, it offers ample potential for investors, landlords, or first time buyers looking for a project. This property would be a great buy to let prospect as it could achieve £675-£700pcm once renovated, offering an excellent rental yield in the region of 10%.

Call the Wallasey Office today for more information or to arrange your viewing!

Agent Details

Karl Tatler Estate Agents, Wallasey

0151 453 2840

Next Steps?

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