3 Bed Terraced House, Refurb/BRRR, Liverpool, L18 5EZ, £240,000

Gorsedale Road, Liverpool, Merseyside, L18 5EZ - 1 views - 2 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+9 photos

ValuationFair Value

Sold Prices£155K - £525K
Sold Prices/m²£1.6K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£241,769

 

 

End Value (After Refurb)

£253,969

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Refurb Costs

£39,324

Bridging Loan Interest

£6,300

Total Cash In

£115,774

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£253,969

Mortgage (After Refinance)

£190,477

Mortgage LTV

75%

Cash Released

£10,477

Cash Left In

£105,297

Equity

£63,492

Rent Range

£950 - £1,700

Rent Estimate

£1,240

Running Costs/mo

£1,062

Cashflow/mo

£178

Cashflow/yr

£2,140

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £155K to £525K, average is £255K. £1.6K/m² to £5.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£276K12/220 mi14, Gorsedale Road, Liverpool, Merseyside L18 5EZ3
£181K05/210 mi42, Gorsedale Road, Liverpool, Merseyside L18 5EZ3
£375K06/210.04 mi40, Heatherdale Road, Liverpool, Merseyside L18 5HF3
£390K09/210.04 mi30, Heatherdale Road, Mossley Hill, Liverpool, Merseyside L18 5HF3
£387.5K03/230.04 mi42, Heatherdale Road, Liverpool, Merseyside L18 5HF3
£190.5K10/200.04 mi15, Corndale Road, Liverpool, Merseyside L18 5HA3
£255K06/230.05 mi10, Boxdale Road, Liverpool, Merseyside L18 5EW3
£218K06/210.07 mi38, Beechdale Road, Liverpool, Merseyside L18 5EL3
£210K06/210.07 mi10, Beechdale Road, Liverpool, Merseyside L18 5EL3
£278K01/210.07 mi78, Dovedale Road, Liverpool, Merseyside L18 5ER3
£400K07/210.09 mi179, Queens Drive, Mossley Hill, Liverpool, Merseyside L18 1JP3
£405.1K05/230.09 mi151, Queens Drive, Mossley Hill, Liverpool, Merseyside L18 1JP3
£330K01/210.09 mi187, Queens Drive, Mossley Hill, Liverpool, Merseyside L18 1JP3
£342.5K11/220.11 mi9, Cherrydale Road, Liverpool, Merseyside L18 5EH3
£330K12/200.14 mi110, Dovedale Road, Liverpool, Merseyside L18 5ET3
£255K11/220.14 mi32, Herondale Road, Liverpool, Merseyside L18 1LA3
£195K02/230.14 mi28, Herondale Road, Liverpool, Merseyside L18 1LA3
£155K10/200.14 mi38, Herondale Road, Liverpool, Merseyside L18 1LA3
£252.6K10/210.15 mi18, Bridge Road, Mossley Hill, Liverpool, Merseyside L18 5EG3
£230K11/200.15 mi38a, Bridge Road, Mossley Hill, Liverpool, Merseyside L18 5EG3
£235K11/220.15 mi48, Herondale Road, Liverpool, Merseyside L18 1LA3
£220K08/210.15 mi27, Herondale Road, Liverpool, Merseyside L18 1JY3
£185K11/200.15 mi39, Herondale Road, Liverpool, Merseyside L18 1JY3
£335K05/210.16 mi9c, Bridge Road, Mossley Hill, Liverpool, Merseyside L18 5EQ3
£380K11/210.17 mi7, Heydale Road, Mossley Hill, Liverpool, Merseyside L18 5JG3
£243.5K02/230.17 mi8, Ivydale Road, Mossley Hill, Liverpool, Merseyside L18 1JU3
£330K01/210.17 mi37, Garthdale Road, Liverpool, Merseyside L18 5HW3
£231K02/210.17 mi71, Briardale Road, Mossley Hill, Liverpool, Merseyside L18 1JR3
£175K01/210.18 mi5, Ivydale Road, Mossley Hill, Liverpool, Merseyside L18 1JT3
£200K01/210.18 mi25, Ivydale Road, Mossley Hill, Liverpool, Merseyside L18 1JT3
£525K06/210.18 mi6, Reedale Road, Mossley Hill, Liverpool, Merseyside L18 5HL3
£320K11/200.18 mi10, Reedale Road, Mossley Hill, Liverpool, Merseyside L18 5HL3
£293K12/220.19 mi39, Meredale Road, Liverpool, Merseyside L18 5EU3
£356K01/230.19 mi30, Meredale Road, Liverpool, Merseyside L18 5EX3
£255K12/220.2 mi48, Barndale Road, Liverpool, Merseyside L18 1EN3
£210K03/210.2 mi44, Barndale Road, Liverpool, Merseyside L18 1EN3
£195K11/210.2 mi25, Barndale Road, Liverpool, Merseyside L18 1EN3
£230K05/230.2 mi44, Barndale Road, Liverpool, Merseyside L18 1EN3
£190K12/200.2 mi10, Barndale Road, Liverpool, Merseyside L18 1EN3
£205K01/210.2 mi31, Barndale Road, Liverpool, Merseyside L18 1EN3
£265K12/200.22 mi78, Herondale Road, Liverpool, Merseyside L18 1LB3
£272.5K02/230.23 mi235, Rose Lane, Liverpool, Merseyside L18 5HJ3
£390K11/220.24 mi68, Elm Hall Drive, Liverpool, Merseyside L18 5HZ3
£235K09/210.25 mi6, Grovedale Road, Mossley Hill, Liverpool, Merseyside L18 1DH3
£224K03/210.25 mi5, Grovedale Road, Mossley Hill, Liverpool, Merseyside L18 1DH3
£215K12/200.25 mi27, Grovedale Road, Liverpool, Merseyside L18 1DH3
£250K06/210.25 mi71, Elm Hall Drive, Liverpool, Merseyside L18 5HX3
£350K02/230.25 mi73, Elm Hall Drive, Liverpool, Merseyside L18 5HX3
£365K05/230.26 mi8, Rose Brae, Liverpool, Merseyside L18 6JX3
£270K11/200.26 mi15, Rose Brae, Liverpool, Merseyside L18 6JX3

Local Rents

50 rents from £950/mo to £1.7K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20004/240 miGorsdale Road, Allerton, Liverpool3
£99505/240.02 miGorsedale Road, Mossley Hill, Liverpool, L18 5EZ3
£1,10006/240.06 miGorsedale Road, Mossley Hill, L183
£95004/240.1 miBeechdale Road, Mossley Hill, Liverpool, L18 5EL3
£1,70004/250.1 mi-3
£99504/240.1 miHeatherdale Road, Mossley Hill3
£1,30012/240.12 mi-3
£1,20001/250.12 mi-3
£1,10005/240.17 miIvydale Road, Liverpool3
£1,25012/240.19 mi-3
£1,45012/230.2 mi-3
£1,40005/240.2 mi-3
£1,40004/250.2 mi-3
£1,40005/240.2 miBarndale Road, Liverpool, L183
£1,50003/240.21 mi-3
£1,40010/240.21 mi-3
£1,10003/240.22 mi-3
£1,35012/240.24 mi-3
£1,15004/240.26 miRose Brae, L183
£1,50005/240.26 miHerondale Road, L183
£1,15005/240.26 miRose Brae, Mossley Hill, Liverpool L183
£1,20012/240.27 mi-3
£1,20004/240.27 miBarndale Road, Liverpool, Merseyside, L183
£1,10005/240.3 miBleasdale Road, Liverpool.3
£1,20005/240.32 miMapledale Road, L183
£1,15009/240.36 mi-3
£1,00005/240.36 miKingsdale Road, L18 1LD3
£1,15004/250.37 mi-3
£1,20005/240.38 miBelhaven Road, Mossley Hill, Liverpool, Merseyside, L18 1HH3
£1,10005/240.38 miAvonmore Avenue, Allerton3
£1,30005/240.38 miAvonmore Avenue, L18 8AL3
£1,50004/240.39 mi-3
£1,40012/240.41 miKarslake Road, LIVERPOOL3
£1,60005/240.41 miWembley Road, Mossley Hill, L183
£1,20004/240.41 miRamilies Road, Liverpool, L183
£1,15004/240.43 miStreatham Avenue, Allerton, Liverpool, L18 1JG3
£1,00006/240.44 mi-3
£1,29505/240.45 miCourtland Road, Allerton, Liverpool, L18 2EQ3
£1,70004/240.46 miNew Hawthorne Gardens, Mossley Hill, Liverpool, L18 8FE3
£1,10012/240.46 mi-3
£1,40004/240.46 miAddingham Road, Mossley Hill, Liverpool, Merseyside, L18 2EW3
£1,20002/240.46 mi-3
£1,20003/250.46 mi-3
£1,15004/240.46 mi-3
£1,10003/250.48 mi-3
£1,40005/240.49 miPlattsville Road, Allerton, L183
£1,53003/250.49 mi-3
£1,30004/250.5 mi-3
£1,40003/250.5 mi-3
£1,20003/250.51 mi-3

Local Area Statistics

Population in L18

26,898

Population in Liverpool

675,519

Town centre distance

5.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £240,000

February 5, 2025

Floor Plans

Description

  • Three-bedroom Terraced In Need of Modernisation +
  • Excellent Investment or Family Home Opportunity +
  • Two Spacious Reception Rooms +
  • Kitchen/Diner with Access to The Rear Garden +
  • Ground Floor W.C. for Added Convenience +
  • Three Well-Proportioned Bedrooms +
  • First-Floor Shower Room +
  • Walled and Gated Rear Yard +
  • No Onward Chain +
  • Council Tax B, Freehold, EPC TBC +

Located in a popular residential area, this three-bedroom terraced home presents an excellent opportunity for buyers looking to put their own stamp on a property. In need of modernisation, this spacious home offers great potential for transformation into a beautiful family home or investment property. Upon entering, you are welcomed into a bright hallway leading to two generous reception rooms – a living room with a bay window and a family room, both offering flexible living space. To the rear, a large kitchen/diner provides ample space for cooking and dining, with access to the rear garden. A ground floor W.C. adds extra convenience. Upstairs, the property boasts three well-proportioned bedrooms, including a spacious master bedroom, a second double bedroom, and a third single bedroom, ideal as a study or nursery. A modernisation-ready shower room completes the upstairs. Externally the front approach is set back from the road with a walled and gated yard to the rear. Offered with no onward chain and a viewing is highly recommended.

Agent Details

Sutton Kersh, Allerton

0151 453 2272

Next Steps?

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