4 Bed Semi-Detached House, Refurb/BRRR, Prescot, L34 2RQ, £170,000

58 OLD LANE, PRESCOT, MERSEYSIDE, L34 2RQ - 2 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
86 m²
+16 photos

ValuationFair Value

Sold Prices£125K - £500K
Sold Prices/m²£1.3K/m² - £4.4K/m²

 

 

Square Metres

86 m²
Price/m²£2K/m²

Value Estimate

£173,400

 

 

End Value (After Refurb)

£201,922

Uplift in Value

+19%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£36,249

Bridging Loan Interest

£4,463

Total Cash In

£91,262

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,922

Mortgage (After Refinance)

£151,442

Mortgage LTV

75%

Cash Released

£23,942

Cash Left In

£67,320

Equity

£50,481

Rent Range

£800 - £2,500

Rent Estimate

£1,181

Running Costs/mo

£887

Cashflow/mo

£294

Cashflow/yr

£3,526

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £125K to £500K, average is £305K. £1.3K/m² to £4.4K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£260K06/230.02 mi60, Old Lane, Eccleston Park, Prescot, Merseyside L34 2RQ4
£405.5K01/210.09 mi8a, Albany Avenue, Eccleston Park, Prescot, Merseyside L34 2QW4
£230K12/200.16 mi58, Gorsey Croft, Eccleston Park, Prescot, Merseyside L34 2RT4
£500K08/220.17 mi45, Forest Grove, Eccleston Park, Prescot, Merseyside L34 2RY4
£490K04/210.2 mi56, Forest Grove, Eccleston Park, Prescot, Merseyside L34 2RZ4
£280K11/220.24 mi47, Hawthorne Road, Prescot, Merseyside L34 2SY4
£420K06/230.25 mi166, St Helens Road, Eccleston Park, Prescot, Merseyside L34 2QG4
£325K02/230.29 mi16, Chapman Grove, Prescot, Merseyside L34 6LW4
£212.5K02/230.34 mi10, Mines Avenue, Prescot, Merseyside L34 2TD4
£300K04/210.36 mi5, Ancholme Close, Whiston, Prescot, Merseyside L35 7LT4
£360K09/220.36 mi6, Chater Close, Whiston, Prescot, Merseyside L35 7LX4
£395K05/230.37 mi17, Park Avenue, Eccleston Park, Prescot, Merseyside L34 2QY4
£415K11/230.4 mi3, West Close, Eccleston Park, Prescot, Merseyside L34 2RB4
£310K02/210.41 mi12, Watling Way, Whiston, Prescot, Merseyside L35 7NG4
£230K10/200.5 mi50, Broadlands, Prescot, Merseyside L35 5JA4
£310K03/210.51 mi33, The Meads, Eccleston Park, Prescot, Merseyside L34 2GA4
£290K11/200.51 mi20, The Meads, Eccleston Park, Prescot, Merseyside L34 2GA4
£381K01/230.51 mi33, The Meads, Eccleston Park, Prescot, Merseyside L34 2GA4
£332.5K12/230.53 mi74, Sandstone Drive, Whiston, Prescot, Merseyside L35 7NJ4
£320K04/210.53 mi16, Sandstone Drive, Whiston, Prescot, Merseyside L35 7NJ4
£315K10/220.53 mi63, Sandstone Drive, Whiston, Prescot, Merseyside L35 7LS4
£325K07/230.53 mi21, Sandstone Drive, Whiston, Prescot, Merseyside L35 7LS4
£310K02/210.53 mi35, Sandstone Drive, Whiston, Prescot, Merseyside L35 7LS4
£385K11/220.54 mi8, Gilleney Grove, Whiston, Prescot, Merseyside L35 7NL4
£365K09/220.57 mi23, Gilleney Grove, Whiston, Prescot, Merseyside L35 7NL4
£320K06/230.57 mi18, Gilleney Grove, Whiston, Prescot, Merseyside L35 7NL4
£206K11/200.57 mi18, Myers Avenue, Whiston, Prescot, Merseyside L35 7NN4
£310K05/230.58 mi2, Ariss Grove, Whiston, Prescot, Merseyside L35 7NP4
£197K01/230.66 mi20, Crosfield Road, Prescot, Merseyside L35 5AS4
£150K02/210.66 mi20, Crosfield Road, Prescot, Merseyside L35 5AS4
£275K04/230.68 mi9, Tarlton Close, Rainhill, Prescot, Merseyside L35 8QB4
£282.5K01/230.69 mi182, Two Butt Lane, Rainhill, Prescot, Merseyside L35 8PT4
£232.5K09/210.7 mi34, Lowther Crescent, St. Helens, Merseyside WA10 3PW4
£272K06/210.7 mi12, Lowther Crescent, St. Helens, Merseyside WA10 3PW4
£125K11/200.79 mi67, Shaw Lane, Prescot, Merseyside L35 5BS4
£480K12/210.81 mi19, Aynsley Court, St. Helens, Merseyside WA9 5GE4
£329.9K10/210.81 mi10, Wildcherry Gardens, St Helens, Merseyside WA9 5UF4
£450K02/230.81 mi7, Grange Drive, St Helens, Merseyside WA10 3BG4
£225K01/210.81 mi10, The Scholes, St Helens, Merseyside WA10 3PA4
£173K03/240.83 mi16, Hulton Avenue, Whiston, Prescot, Merseyside L35 2XP4
£230K05/230.85 mi121, Longton Lane, Rainhill, Prescot, Merseyside L35 8NU4
£195K02/210.87 mi42, Cumber Lane, Whiston, Prescot, Merseyside L35 2XQ4
£132.5K04/210.88 mi58, Manchester Road, Prescot, Merseyside L34 1NQ4
£207.5K01/210.88 mi78, Manchester Road, Prescot, Merseyside L34 1NQ4
£400K06/210.89 mi49, Eccleston Gardens, St Helens, Merseyside WA10 3BJ4
£273K06/230.89 mi2, Cartmel Drive, Rainhill, Prescot, Merseyside L35 9JS4
£360K09/210.94 mi6, Knowsley Park Lane, Prescot, Merseyside L34 3NB4
£285K02/210.95 mi1, Whitebeam Gardens, St Helens, Merseyside WA9 5UA4
£287.5K03/230.95 mi9, Whitebeam Gardens, St Helens, Merseyside WA9 5UA4
£160K01/210.95 mi4, King Edward Close, Rainhill, Prescot, Merseyside L35 8PL4

Local Rents

27 rents from £800/mo to £2.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,50003/250.04 mi-3
£1,25002/240.21 miSt. James Road, Eccleston Park, Prescot, L343
£1,00012/240.23 miCliftonville, Prescot3
£2,50001/250.24 mi-5
£2,20003/250.24 mi-5
£1,20012/240.25 miSinclair Avenue, Prescot, Merseyside3
£1,20005/240.26 miSinclair Avenue, Prescot3
£1,20005/240.26 miSinclair Avenue, Prescot3
£1,29503/250.3 mi-3
£1,60005/240.32 miScotchbarn Lane, Prescot, L354
£80004/240.42 miCross Street, Prescot, Merseyside, L343
£85003/250.43 mi-3
£87503/250.44 mi-3
£1,20012/240.45 mi-4
£99502/250.45 mi-4
£90001/250.48 mi-3
£90004/250.48 mi-3
£85012/240.5 mi-3
£85002/250.5 mi-3
£85002/250.5 mi-3
£1,00004/240.56 miBrook Street, Whiston, Merseyside3
£1,25012/240.56 miLayton Way, Prescot, L343
£90012/240.57 miSteward Court, Prescot, Merseyside, L353
£92004/240.57 miAsh Grove, Prescot, L353
£1,30004/240.58 miBlundell Road, Whiston, L354
£1,00003/240.59 mi-3
£92006/240.59 mi-3

Local Area Statistics

Population in L34

12,244

Population in Prescot

43,001

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+44%

Property History

Listed for £170,000

February 4, 2025

Floor Plans

Description

  • Four bedroom traditional semi detached property +
  • In need of modernisation but with lots of potential +
  • Entrance hall, lounge and sitting room +
  • Kitchen with built in appliances +
  • Family bathroom with a three piece suite +
  • Large established rear garden +
  • Driveway at the front for off road parking +

A four bedroom traditional semi detached property in need of modernisation but with the potential to make a lovely family home. Close to Eccleston Park train station, excellent local schools and motorway links. The accommodation briefly comprises of entrance hall, lounge, sitting room and kitchen with build in appliances. On the first floor are four bedrooms and a family bathroom with a three piece suite. The large rear garden is established with lawned areas, shrubs and mature trees and patio area. At the front is a gravelled garden and driveway for off road parking. We recommend an early viewing. EPC GRADE: D

The property is leasehold with a 950 year lease from 1/11/1913. The ground rent is approx £5.00 per year.

Entrance Hall - Window to the side aspect. Stairs to the first floor accommodation. Central heating radiator. Wood panelled walls.

Lounge 12'4 X 11'0 - 3.76m x 3.35m ( 12'4 x 11'0) - UPVC double glazed window to the front aspect. Picture rail. Coved ceiling.

Sitting Room 11'9 X 10'8 - 3.58m x 3.25m (11'9 x 10'8) - UPVC double glazed window to the rear aspect. Central heating radiator. Picture rail.

Kitchen 11'0 X 8'8 - 3.35m x 2.64m (11'0 x 8'8) - UPVC double glazed windows to the rear and side aspects. Fitted with a range of wall and base units comprising of cupboards, drawers and contrasting work surfaces and incorporating a single bowl sink unit with mixer tap. Integral appliances include a gas hob and electric oven. Brick effect tiled splashbacks. Plumbed for an automatic washing machine.

Landing - UPVC double glazed window to the side aspect. Doors to all rooms. Central heating radiator. Picture rail.

Bedroom One - 3.73m x 3.23m ( 12'3 x 10'7) - UPVC double glazed window to the front aspect. Central heating radiator. Picture rail.

Bedroom Two 12'0 X 8'7 - 3.66m x 2.62m (12'0 x 8'7) - Window to the rear aspect. Central heating radiator.

Bedroom Three - 2.64m x 2.29m ( 8'8 x 7'6) - Window to the rear aspect. Central heating radiator.

Bedroom Four - 2.01m x 1.73m (6'7 x 5'8) - UPVC double glazed window to the front aspect.

Bathroom - UPVC double glazed window to the side aspect. Fitted with a three piece suite comprising of panelled bath with mixer tap, a white vanity unit housing a wash hand basin and a low level wc. Tiled walls. UPVC panelled ceiling with inset spotlights.

External - At the rear of the property is a seating area with two lawned areas. Mature shrubs and trees and floral displays. Fence divide to a further lawned garden. Water supply. Gate to the front. Garden shed.

At the front is a gravelled garden with a driveway for off road parking.

Agent Details

Brooks Estate and Letting Agents Ltd, Prescot

0151 453 2142

Next Steps?

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