3 Bed Flat, Single Let, Wallasey, CH45 5AR, £70,000

Rowson Street, Wallasey, CH45 5AR - 1 views - 3 months ago

Leasehold
Auction
BTL
ROI: 16%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£45K - £350K
Sold Prices/m²£643/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£87,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£650 - £1,100

Rent Estimate

£667

Running Costs/mo

£372

Cashflow/mo

£295

Cashflow/yr

£3,538

ROI

16%

Gross Yield

11%

Local Sold Prices

16 sold prices from £45K to £350K, average is £123.5K. £643/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£105K06/230.27 mi1a, Cumberland Road, New Brighton, Wallasey, Merseyside CH45 1HY3
£165K03/230.47 mi10a, Hertford Drive, Wallasey, Merseyside CH45 7PX3
£150K12/200.49 mi26a, Hertford Drive, Wallasey, Merseyside CH45 7PX3
£350K02/230.55 mi8c, North Drive, Wallasey, Merseyside CH45 0LZ3
£103K01/210.73 mi34h, Withens Lane, Wallasey, Merseyside CH45 7NQ3
£92K05/210.78 mi48, Manor Road, Wallasey, Merseyside CH44 1BY3
£128K04/211.07 mi10, Village Mews, Wallasey, Merseyside CH45 3HD3
£122K02/221.1 mi11, Rice Lane, Wallasey, Merseyside CH44 0DE3
£77K05/221.32 mi11, Lynwood Avenue, Wallasey, Merseyside CH44 5SA3
£100K06/221.78 mi6, Demesne Street, Wallasey, Merseyside CH44 6PU3
£45K08/212.23 mi31, Halidon Court, Bootle, Merseyside L20 4UL3
£125K09/222.34 mi63, James Dunne Avenue, Liverpool, Merseyside L5 8SA3
£64K05/212.34 mi20, Bromyard Close, Bootle, Merseyside L20 4UY3
£141.5K04/232.35 mi12, Jersey Close, Bootle, Merseyside L20 4BL3
£146K06/222.86 mi4, Moorhead Close, Litherland, Liverpool, Merseyside L21 2NA3
£267K12/222.99 miFlat 4, Ceres Court, Devisdale Grove, Prenton, Merseyside CH43 7NQ3

Local Rents

25 rents from £650/mo to £1.1K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£75004/240.03 miSandridge Road, New Brighton3
£80003/240.03 miSandridge Road, New Brighton3
£1,10004/240.09 miField Road, Wallasey, CH453
£77512/240.14 mi-3
£85002/250.21 mi-3
£85003/240.23 miMount Pleasant Close, Wallasey, Merseyside, CH453
£69504/240.24 miGorsehill Road, WALLASEY3
£95004/250.25 mi-3
£79504/240.26 miGorsehill Road, Wallasey3
£79505/240.26 miGorsehill Road, Wallasey3
£97501/240.29 mi-3
£72504/240.3 mi-3
£72504/240.3 mi-3
£90003/240.3 miOsborne Grove, Wallasey3
£65002/250.34 mi-3
£90005/240.38 miWellington Road, Wallasey3
£1,00003/240.39 miDerby Road, CH45 5HH3
£72503/240.42 miMount Road, Wallasey3
£72503/240.42 miMount Road, Wallasey3
£95001/240.44 mi-3
£98803/250.44 mi-3
£85004/240.44 mi-3
£75003/240.47 miPenkett Road, Wallasey, Wirral3
£85003/250.47 mi-3
£75003/240.48 miWithens Lane, Wallasey3

Local Area Statistics

Population in CH45

30,793

Population in Wallasey

60,790

Town centre distance

0.74 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+60%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £70,000

February 28, 2025

Listed for £90,000

January 17, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Council Tax Band: A +
  • Upper Floor Apartment +
  • Three Bedrooms +
  • Large Open Plan Living / Kitchen / Dining Area +
  • Close to Local Amenities & Transport Links +

SUMMARY
This fantastic three bedroom apartment is ideally situated close to the local amenities and transport links of New Brighton. Perfect for first time buyers, families or investors looking to put their own stamp on a property! Early viewing is advised!

DESCRIPTION
Jones & Chapman are delighted to present this three bedroom top floor apartment in a much sought after location of New Brighton, ideally situated close to all the amenities and transport links. The accommodation briefly comprises: Communal entrance to the building, entrance hallway to the apartment, large lounge/dining area and kitchen, three generous bedrooms and a family bathroom. Ideal for first time buyers, families or investors! Being sold with No Onward Chain! Viewing is essential in order to appreciate the accommodation on offer!

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent's Note 
TITLE OF PROPERTY TO BE SPLIT BEFORE/ON COMPLETION OF SALE, PLEASE SPEAK WITH AGENT FOR FURTHER DETAILS

Entrance Hall 
Wooden door and carpet.

Open Plan Lounge/Kitchen 22' 8" max x 14' 4" max ( 6.91m max x 4.37m max )
Lounge area comprises - Three UPVC double glazed windows to front, radiator, boiler, meter cupboard and laminate flooring.
Kitchen area comprises - Sink, gas hob and extractor and oven. Plumbing for washing machine, part tiled walls and tiled floor area.

Landing 
UPVC double glazed window to rear, radiator and carpet.

Bedroom One 14' 3" x 8' 11" ( 4.34m x 2.72m )
UPVC double glazed windows to side and rear, radiator and carpet.

Bedroom Two 17' 2" max x 14' 9" max ( 5.23m max x 4.50m max )
UPVC double glazed window to front, radiator and fitted storage.

Bedroom Three 12' 5" x 9' 2" max ( 3.78m x 2.79m max )
UPVC double glazed window to rear, radiator and carpet.

Bathroom 
WC, sink and bath with overhead shower. Towel radiator, tiled walls and tiled floor. UPVC double glazed window to rear.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Jones & Chapman, Wallasey

0151 453 7997

Next Steps?

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