2 Bed Flat, Single Let, Liverpool, L32 5TY, £56,000

Wervin Road, Westvale, Kirkby, L32 5TY - 3 months ago

Under Offer
Leasehold
BTL
ROI: 16%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£40K - £127K
Sold Prices/m²£741/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£822/m²

Value Estimate

£70,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,000

Stamp Duty & Legal Fees

£4,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£595 - £800

Rent Estimate

£550

Running Costs/mo

£305

Cashflow/mo

£245

Cashflow/yr

£2,940

ROI

16%

Gross Yield

12%

Local Sold Prices

20 sold prices from £40K to £127K, average is £61.5K. £741/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£50K07/230 mi15, Wervin Road, Liverpool, Merseyside L32 5TY2
£44K12/210.04 mi24, Overton Close, Liverpool, Merseyside L32 5TU2
£56K09/230.12 mi6, Marnwood Walk, Liverpool, Merseyside L32 5TS2
£41K08/210.24 miApartment 3, Denver Park, Denver Road, Liverpool, Merseyside L32 4RZ2
£41K08/210.25 miApartment 3, Denver Park, Denver Road, Liverpool, Merseyside L32 4RZ2
£48K04/210.25 miApartment 7, Denver Park, Denver Road, Liverpool, Merseyside L32 4RZ2
£62K09/230.73 miFlat 3, Glovers Court, North Park Road, Liverpool, Merseyside L32 2DP2
£75K06/210.73 miFlat 8, Glovers Court, North Park Road, Liverpool, Merseyside L32 2DP2
£120K02/240.73 miGlovers Court, Flat 12, North Park Road, Liverpool, Merseyside L32 2DP2
£75K06/210.73 miFlat 8, Glovers Court, North Park Road, Liverpool, Merseyside L32 2DP2
£40K07/230.76 miApartment 58, Willow Rise, Roughwood Drive, Liverpool, Merseyside L33 8WZ2
£127K07/230.87 mi16, Station Road, Melling, Liverpool, Merseyside L31 1BW2
£72K10/200.93 mi16, Rainbow Drive, Melling, Liverpool, Merseyside L31 1BZ2
£100K03/230.93 mi16a, Rainbow Drive, Melling, Liverpool, Merseyside L31 1BZ2
£80K09/220.95 mi4, Moor Court, Liverpool, Merseyside L10 0AS2
£75K08/230.95 mi30, Moor Court, Liverpool, Merseyside L10 0AS2
£105K12/230.96 mi5, Brookward Court, Kirkby, Liverpool, Merseyside L32 1BN2
£50K04/210.98 mi18, Medbourne Court, Liverpool, Merseyside L32 6SN2
£61K09/210.99 mi24, Green Gables, Kirkby, Liverpool, Merseyside L33 2EH2
£61K09/210.99 mi24, Green Gables, Kirkby, Liverpool, Merseyside L33 2EH2

Local Rents

12 rents from £595/mo to £800/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£59505/240 miWervin Road Westvale2
£72503/250.02 mi-2
£62512/240.03 miJames Holt Avenue, Liverpool, Merseyside, L322
£65012/240.04 mi-2
£80004/250.1 mi-2
£80005/240.18 miStanton Crescent, Kirkby, L32 0UA2
£72506/240.24 mi-2
£72503/250.24 mi-2
£67001/240.36 mi-2
£75005/240.37 miPondwater Close, Kirkby, Liverpool, L322
£77505/240.39 miActon Road, Westvale2
£70002/240.61 mi-2

Local Area Statistics

Population in L32

20,432

Population in Liverpool

675,519

Town centre distance

3.52 miles away

Nearest school

0.30 miles away

Nearest train station

0.58 miles away

 

 

Rental growth (12m)

+29%

Sales demand

Seller's market

Capital growth (5yrs)

-2%

Property History

Listed for £56,000

January 10, 2025

Description

  • Ground Floor Apartment +
  • Two Bedrooms +
  • Sold with Sitting Tenant +
  • Rental Income £550 pcm +
  • Investment Purchase +
  • No Chain +
  • Viewing Advised +
  • EPC Rating ( C 76 ) +

ATTENTION INVESTORS PROPERTY BEING SOLD WITH CURRENT SITTING TENANT NO CHAIN REALISTICALLY PRICED **
Ideal investment property being sold with current sitting tenant. Rental income £550 PCM. This property is currently managed with Greenbank and all relevant documents are in place.

Greenbank are delighted to offer for let this two bedroom ground floor apartment situated in Westvale, Kirkby.This ground floor floor apartment briefly comprises of: open plan lounge with fitted kitchen including built in oven and hob, two bedrooms and fitted bathroom with shower. The property benefits from gas central heating, UPVC double glazing and allocated parking. Early viewing recommended.

Tenure - Leasehold
Term - 250 years from 2 September 2005
Ground Rent - £150.00 per year
Service Charge - £911.00 per year
Council tax band - A

Entrance Hall - 15'0" (4.57m) x 3'6" (1.07m)
Entered via a timber front door. Single radiator. Laminate flooring. Ceiling light point.

Lounge - 16'3" (4.95m) Max x 15'6" (4.72m) Max
Upvc double glazed window. Single radiator. Laminate flooring. Television point. Telephone point. Ceiling light point.

Kitchen - 5'8" (1.73m) x 3'9" (1.14m)
Upvc double glazed window. Fitted base units. Fitted wall units. Stainless steel sink with single bowl and single drainer. Electric oven with gas hob and overhead extractor fan. Plumbed for automatic washing machine. Single radiator. Tiled flooring. Ceiling light point.

Bedroom One - 15'7" (4.75m) x 10'7" (3.23m)
Upvc double glazed window. Single radiator. Laminate flooring. Television point. Telephone point. Ceiling light point.

Bedroom Two - 8'2" (2.49m) Max x 8'1" (2.46m) Max
Upvc double glazed window. Laminate flooring. Single radiator. Ceiling light point.

Bathroom
Upvc double glazed window. White suite comprising panelled bath, low level WC and pedestal washbasin. Single radiator. Vinyl flooring. Ceiling light point.

Outside
Communal area. Allocated Parking.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Greenbank Property Services, Kirkby

0151 548 5488

Next Steps?

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