2 Bed Terraced House, Refurb/BRRR, Liverpool, L6 0AJ, £85,000

Redcar Street, Liverpool, L6 0AJ - 8 views - 2 months ago

Under Offer
Refurb/BRRR
ROI: 8%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£42.5K - £135K
Sold Prices/m²£549/m² - £1.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£68,410

 

 

End Value (After Refurb)

£67,579

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£28,709

Bridging Loan Interest

£2,231

Total Cash In

£57,690

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£67,579

Mortgage (After Refinance)

£50,684

Mortgage LTV

75%

Cash Left In

£57,690

Equity

£16,895

Rent Range

£450 - £2,440

Rent Estimate

£771

Running Costs/mo

£385

Cashflow/mo

£386

Cashflow/yr

£4,632

ROI

8%

Gross Yield

11%

Local Sold Prices

50 sold prices from £42.5K to £135K, average is £69.5K. £549/m² to £1.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£65K03/210.01 mi6, Redcar Street, Liverpool, Merseyside L6 0AJ2
£69K03/210.01 mi21, Redcar Street, Liverpool, Merseyside L6 0AJ2
£42.5K03/210.01 mi2, Redcar Street, Liverpool, Merseyside L6 0AJ2
£65K01/230.01 mi20, Redcar Street, Liverpool, Merseyside L6 0AJ2
£65K02/210.01 mi4, Redcar Street, Liverpool, Merseyside L6 0AJ2
£56K10/200.02 mi39, Hanwell Street, Liverpool, Merseyside L6 0AN2
£89.7K11/210.1 mi81, Sedley Street, Liverpool, Merseyside L6 5AE2
£43K10/200.11 mi31, Sedley Street, Liverpool, Merseyside L6 5AE2
£50K02/210.12 mi46, Sedley Street, Liverpool, Merseyside L6 5AF2
£65K04/230.12 mi28, Sedley Street, Liverpool, Merseyside L6 5AF2
£81K05/210.14 mi68, Pendennis Street, Liverpool, Merseyside L6 5AQ2
£70.5K10/200.15 mi89, Newcombe Street, Liverpool, Merseyside L6 5AN2
£60.8K10/200.15 mi16, Clarendon Road, Anfield, Liverpool, Merseyside L6 0BS2
£78.8K04/230.17 mi46, Newcombe Street, Liverpool, Merseyside L6 5AW2
£70K07/230.21 mi49, Manningham Road, Liverpool, Merseyside L4 2UG2
£74K12/200.21 mi20, Empress Road, Anfield, Liverpool, Merseyside L6 0BX2
£85K01/210.21 mi16, Empress Road, Anfield, Liverpool, Merseyside L6 0BX2
£90K01/230.22 mi42, Empress Road, Anfield, Liverpool, Merseyside L6 0BX2
£81.8K03/230.22 mi68, Holbeck Street, Anfield, Liverpool, Merseyside L4 2UT2
£75K01/230.23 mi48, Holbeck Street, Anfield, Liverpool, Merseyside L4 2UT2
£63.5K01/210.25 mi50, Dewsbury Road, Liverpool, Merseyside L4 2XG2
£68.5K03/230.25 mi35, Bala Street, Liverpool, Merseyside L4 2QN2
£46K11/200.25 mi34, Dewsbury Road, Liverpool, Merseyside L4 2XG2
£51K11/210.26 mi31, Dewsbury Road, Liverpool, Merseyside L4 2XE2
£77.2K08/220.26 mi37, Dewsbury Road, Liverpool, Merseyside L4 2XE2
£70K02/230.28 mi29, Sunlight Street, Liverpool, Merseyside L6 4AG2
£92K06/230.3 mi46, Sunlight Street, Liverpool, Merseyside L6 4AQ2
£50K11/200.3 mi52, Sunlight Street, Liverpool, Merseyside L6 4AQ2
£90K08/230.31 mi88, Dewsbury Road, Liverpool, Merseyside L4 2XF2
£75K11/200.31 mi100, Dewsbury Road, Liverpool, Merseyside L4 2XF2
£68K02/210.34 mi31, Harrow Road, Liverpool, Merseyside L4 2TH2
£65K06/210.34 mi45, Scorton Street, Liverpool, Merseyside L6 4AS2
£71K09/200.35 mi41, Rector Road, Liverpool, Merseyside L6 0BY2
£51K08/210.35 mi6, Rector Road, Liverpool, Merseyside L6 0BY2
£62K12/200.35 mi73, Rector Road, Liverpool, Merseyside L6 0BY2
£66K03/210.35 mi52, Scorton Street, Liverpool, Merseyside L6 4AT2
£81K01/210.36 mi59, Coniston Street, Liverpool, Merseyside L5 6QY2
£53K10/200.36 mi38, Morecambe Street, Liverpool, Merseyside L6 4AX2
£75K05/210.37 mi30, August Road, Liverpool, Merseyside L6 4DF2
£45.6K11/200.37 mi46a, August Road, Liverpool, Merseyside L6 4DF2
£62.5K12/220.37 mi36, Ullswater Street, Liverpool, Merseyside L5 6QX2
£77.5K10/220.37 mi51, July Road, Liverpool, Merseyside L6 4BS2
£96.5K03/240.38 mi142, Little Heyes Street, Liverpool, Merseyside L5 6SQ2
£45K01/210.38 mi146, Little Heyes Street, Liverpool, Merseyside L5 6SQ2
£135K03/240.38 mi93, Little Heyes Street, Liverpool, Merseyside L5 6SF2
£55K12/200.38 mi93, Little Heyes Street, Liverpool, Merseyside L5 6SF2
£70K10/210.4 mi16, Rydal Street, Liverpool, Merseyside L5 6QS2
£73K06/220.4 mi62, Rydal Street, Liverpool, Merseyside L5 6QS2
£80K10/200.42 mi44, Cardigan Way, Liverpool, Merseyside L6 5JY2
£77K03/230.42 mi97, Ullswater Street, Liverpool, Merseyside L5 6QU2

Local Rents

51 rents from £450/mo to £2.4K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80006/240.01 miHanwell Street, Liverpool2
£69505/240.03 miHanwell Street, Tuebrook, L62
£80003/250.03 mi-2
£79512/240.03 mi-2
£70007/240.03 miTwickenham Street, Liverpool. L62
£70008/240.03 miTwickenham Street, Liverpool, L62
£75012/240.04 mi-2
£78003/250.05 mi-2
£70004/240.06 miRedbourn Street, Liverpool2
£62507/240.1 miSedley Street, Anfield2
£65002/240.11 mi-2
£80005/240.12 miSedley Street, Tuebrook, L6 5AF2
£76008/240.13 mi-2
£76008/240.13 mi-2
£70006/240.15 miClarendon Road, Anfield, Liverpool2
£70006/240.15 miClarendon Road, Anfield, Liverpool2
£2,44008/240.16 mi-2
£1,06709/240.16 mi-2
£62502/240.16 mi-2
£1,10005/240.18 mi-2
£89505/240.18 miEsmond Street, Liverpool2
£85008/240.18 miAnfield, LIVERPOOL, L6 5AY2
£1,00002/240.2 mi-2
£80007/240.2 miLampeter Road, Liverpool, Merseyside, L62
£75007/240.2 miStonehill Street, Liverpool, L42
£75008/240.2 miStonehill Street, Liverpool, L42
£75008/240.2 mi-2
£75008/240.2 mi-2
£75009/240.21 mi-2
£65007/240.21 miBelmont Grove, Liverpool, L6 4EU2
£70008/240.22 mi-2
£65004/240.22 mi-2
£62505/240.22 miHolbeck Street, Liverpool, L42
£72505/240.23 mi-2
£72505/240.23 miManningham Road, Liverpool, L42
£65008/240.23 miStonehill Street, Anfield, Liverpool, L42
£70005/240.23 miHolbeck Street, L42
£70008/240.23 miHolbeck St, L42
£70006/240.23 miStonehill Street, Liverpool, L42
£65005/240.24 miHolbeck Street, Liverpool, Merseyside, L42
£75002/250.24 mi-2
£79510/240.24 miStonehill Street, Anfield, Liverpool, Merseyside, L42
£82001/250.24 mi-2
£81002/250.24 mi-2
£75004/240.26 mi-2
£80011/240.27 mi-2
£69507/240.27 mi-2
£80006/240.27 miOakfield Road, Anfield, L4 2QF2
£85007/240.28 miSunlight Street, L6 4AG2
£45006/240.29 mi-2
£65004/240.29 miSunlight Street, Liverpool, L62

Local Area Statistics

Population in L6

23,668

Population in Liverpool

675,519

Town centre distance

2.50 miles away

Nearest school

0.20 miles away

Nearest train station

1.66 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+46%

Sales demand

Balanced market

Capital growth (5yrs)

+45%

Property History

Listed for £85,000

January 22, 2025

Floor Plans

Description

  • Mid Terrace Family Home +
  • Open Plan Lounge/ Dining Room +
  • In Need Of Full Modernisation +
  • Kitchen & Ground Floor Bathroom +
  • Two Bedrooms +
  • Rear Courtyard +
  • Close To Local Amenities & Transport Networks +
  • Viewing Recommended +

The Property
This mid-terrace property on Redcar Street offers a fantastic opportunity for investors or homeowners looking to undertake a full renovation project. The property, in need of complete modernisation, currently features an entrance porch that leads into an open-plan lounge and dining room, offering a generous space to create a comfortable living and entertaining area. The kitchen and bathroom, though dated, provide a solid foundation for refurbishment, allowing for the potential to design a home to suit your needs.

On the first floor, there are two well-sized bedrooms, offering ample potential for reconfiguration or updating. The property would suit those looking to transform the space into a modern and stylish home.

Externally, there is a rear courtyard, providing a private outdoor space that could be developed into a charming garden or patio area.

This property, with its potential to be transformed into a contemporary living space, is ideally located within easy reach of local amenities, schools, and transport links, making it an ideal project for those looking to add value and create a home in this popular Liverpool area.

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 💪