3 Bed Terraced House, Refurb/BRRR, Liverpool, L24 1UP, £130,000

Gerneth Close, Speke, Liverpool, Merseyside, L24 1UP - 12 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~93 m²
+19 photos

ValuationFair Value

Sold Prices£88K - £235K
Sold Prices/m²£854/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300

 

 

End Value (After Refurb)

£133,380

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£39,428

Bridging Loan Interest

£3,413

Total Cash In

£82,191

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,380

Mortgage (After Refinance)

£100,035

Mortgage LTV

75%

Cash Released

£2,535

Cash Left In

£79,656

Equity

£33,345

Rent Range

£750 - £1,500

Rent Estimate

£1,023

Running Costs/mo

£641

Cashflow/mo

£382

Cashflow/yr

£4,579

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £88K to £235K, average is £134K. £854/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£120K08/220 mi25, Gerneth Close, Liverpool, Merseyside L24 1UP3
£135K11/200.01 mi22, Gerneth Close, Liverpool, Merseyside L24 1UP3
£105K03/210.05 mi146, Bray Road, Speke, Liverpool, Merseyside L24 3TW3
£170K08/230.1 mi141, School Way, Liverpool, Merseyside L24 1UJ3
£105K07/210.14 mi73, Blacklock Hall Road, Liverpool, Merseyside L24 3TZ3
£105K05/230.15 mi39, Greyhound Farm Road, Liverpool, Merseyside L24 3TP3
£105K12/200.15 mi9, Greyhound Farm Road, Liverpool, Merseyside L24 3TP3
£163.5K10/220.18 mi16, Bray Road, Liverpool, Merseyside L24 3TN3
£105K05/210.19 mi15, All Saints Road, Liverpool, Merseyside L24 3TE3
£115K03/210.2 mi65, School Way, Liverpool, Merseyside L24 1UH3
£92.5K10/200.25 mi32, Blackrod Avenue, Liverpool, Merseyside L24 3TT3
£95K11/200.29 mi28, All Saints Road, Liverpool, Merseyside L24 3TF3
£131K10/220.31 mi25, Western Avenue, Speke, Liverpool, Merseyside L24 3UN3
£130K06/230.33 mi58, Linner Road, Liverpool, Merseyside L24 0SZ3
£132K11/210.33 mi125, Goldfinch Farm Road, Liverpool, Merseyside L24 3XD3
£127K04/210.33 mi90, Goldfinch Farm Road, Liverpool, Merseyside L24 3XD3
£112K07/230.33 mi121, Goldfinch Farm Road, Liverpool, Merseyside L24 3XD3
£98K11/200.35 mi70, Western Avenue, Speke, Liverpool, Merseyside L24 3US3
£88K11/200.39 mi19, Wellbrook Close, Liverpool, Merseyside L24 0SU3
£121K10/200.44 mi34, Lovel Way, Liverpool, Merseyside L24 3XE3
£110K03/230.46 mi93, All Saints Road, Liverpool, Merseyside L24 3UX3
£155K11/220.47 mi68, All Saints Road, Liverpool, Merseyside L24 3TG3
£125.1K08/210.47 mi160, Western Avenue, Speke, Liverpool, Merseyside L24 3UT3
£150K12/200.47 mi158, Western Avenue, Speke, Liverpool, Merseyside L24 3UT3
£91.5K07/210.47 mi104, All Saints Road, Liverpool, Merseyside L24 3TG3
£165K02/230.48 mi26, Lovel Road, Liverpool, Merseyside L24 3UE3
£117K11/200.49 mi20, Central Avenue, Liverpool, Merseyside L24 3XQ3
£98K10/200.51 mi170, Linner Road, Liverpool, Merseyside L24 3UL3
£133K01/210.51 mi29, Shadowbrook Drive, Liverpool, Merseyside L24 9LD3
£185K11/220.51 mi25, Shadowbrook Drive, Liverpool, Merseyside L24 9LD3
£160K09/220.51 mi21, Fenton Close, Liverpool, Merseyside L24 3UH3
£158K08/220.58 mi77, Tarbock Road, Speke, Liverpool, Merseyside L24 0SW3
£165K03/220.58 mi22, Woolmoore Road, Speke, Liverpool, Merseyside L24 9LP3
£147K08/220.58 mi12, Damwood Road, Liverpool, Merseyside L24 3XF3
£140K04/210.58 mi21, Damwood Road, Liverpool, Merseyside L24 3XF3
£137K03/210.58 mi29, Lightstream Drive, Speke, Liverpool, Merseyside L24 9LT3
£145K01/210.61 mi79, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9NA3
£150K06/230.61 mi33, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£160K08/230.61 mi26, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£205K08/220.61 mi21, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£135.1K11/200.61 mi36, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£235K12/210.62 mi102, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£143K12/220.62 mi35, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9LL3
£141K12/220.63 mi159, Hale Road, Speke, Liverpool, Merseyside L24 1UF3
£168.5K06/210.64 mi238, Addenbrooke Drive, Speke, Liverpool, Merseyside L24 9AD3
£120K07/210.69 mi1, Hindley Walk, Liverpool, Merseyside L24 0TF3
£235K08/210.72 mi63, Leafield Road, Liverpool, Merseyside L25 0PY3
£174K10/200.72 mi50, Leafield Road, Liverpool, Merseyside L25 0PZ3
£234K03/210.73 mi32, Woodend Avenue, Hunts Cross, Liverpool, Merseyside L25 0PA3
£115K03/210.73 mi4, Marton Green, Liverpool, Merseyside L24 0SH3

Local Rents

16 rents from £750/mo to £1.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£89507/240.15 mi-3
£1,16004/240.28 mi-3
£1,50001/250.35 mi-3
£1,25002/250.39 mi-3
£75008/230.43 mi-3
£95004/240.47 miHansby Drive, L243
£97504/240.49 miShadowbrook Drive, Hunts Cross, L243
£95003/240.52 miCascade Road,Hunts Cross,Liverpool,L243
£1,05005/240.53 mi-3
£1,05004/240.53 miShadowbrook Drive, Liverpool, L243
£99512/240.57 mi-3
£89511/230.57 mi-3
£82509/230.58 mi-3
£1,10003/250.6 mi-3
£1,10011/240.6 mi-3
£1,00011/230.61 mi-3

Local Area Statistics

Population in L24

15,951

Population in Liverpool

675,519

Town centre distance

9.15 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £130,000

January 14, 2025

Floor Plans

Description

Spacious 3-bedroom semi-detached home on Gerneth Close, Speke, L24, featuring a driveway, front porch, open-plan living room and kitchen, built-in wardrobes in the main bedroom, and a private rear garden. Close to schools, shops, and transport links, this well-maintained property is in need of updating and is offered with no onward chain.

Spacious 3-Bedroom Semi-Detached Home on Gerneth Close, Speke, L24

This well-loved semi-detached property is perfectly positioned on Gerneth Close in Speke, offering a fantastic opportunity for buyers seeking a home to put their own stamp on. With a great location close to schools, shops, and transport links, this house is ideal for families and commuters alike.

The property features:

Ground Floor:

A welcoming front porch leading into the hallway.
A bright and airy living room (3.80m x 2.99m / 12'6" x 9'10") with an open plan flow into the kitchen (2.81m x 2.49m / 9'3" x 8'2"), making it a perfect space for family living.
A separate dining room (3.85m x 2.80m / 12'8" x 9'2") with patio doors opening onto the rear garden.

First Floor:

Bedroom 1 (4.16m x 3.19m / 13'8" x 10'6") with built-in wardrobes for convenient storage.
Bedroom 2 (3.70m x 2.79m / 12'2" x 9'2") and Bedroom 3 (3.09m x 2.77m / 10'2" x 9'1") provide ample space for family or guests.
A modern shower room (2.18m x 1.68m / 7'2" x 5'6").

To the front, the property benefits from a driveway, providing off-road parking. The rear garden offers a private outdoor space, perfect for relaxing or entertaining.

Although the property is in need of updating, it has been well-maintained and is offered with no onward chain, ensuring a smooth purchase process.

This is a fantastic opportunity to create a home tailored to your style in a sought-after location.

Total Floor Area: 92.6m² (997 sq.ft.)

Viewings are highly recommended to appreciate the potential of this charming home.

Should you proceed with an offer on this property we have a legal obligation to perform Anti Money Laundering checks on behalf of HMRC. We use our compliance partner, Coadjute, to perform these checks, for which they charge a fee

Agent Details

Whitegates, Woolton

0151 453 3725

Next Steps?

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