2 Bed Flat, Single Let, Prescot, L34 5TH, £80,000

15 Meribel Square, Prescot, L34, L34 5TH - 2 months ago

Leasehold

BTL

ROI: 14%

58 m²

+3 photos

ValuationOvervalued

Sold Prices	£50K - £155K
Sold Prices/m²	£533/m² - £2.1K/m²

Square Metres	58 m²
Price/m²	£1.4K/m²
Value Estimate	£74,531£74,531

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£20,000£20,000
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,200£25,200

Cash Out
Rent Range	£550 - £1,200£550 - £1,200
Rent Estimate	£700
Running Costs/mo	£410£410
Cashflow/mo	£290£290
Cashflow/yr	£3,480£3,480
ROI	14%14%
Gross Yield	11%11%

Local Sold Prices

24 sold prices from £50K to £155K, average is £76.3K. £533/m² to £2.1K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£72.5K	05/23	0 mi	22, Meribel Square, Prescot, Merseyside L34 5TH	-	-	2	Flat
£77.5K	11/23	0 mi	2, Meribel Square, Prescot, Merseyside L34 5TH	£1,571	49	2	Flat
£57K	02/21	0.09 mi	90, Beaconsfield, Prescot, Merseyside L34 5PE	£533	107	2	Flat
£65K	08/22	0.11 mi	121, Beaconsfield, Prescot, Merseyside L34 5PF	£956	68	2	Flat
£90K	09/21	0.12 mi	3, Grosvenor Court, Prescot, Merseyside L34 6NF	£1,429	63	2	Flat
£100K	06/21	0.14 mi	Flat 6, Alexander House, Rio Court, Prescot, Merseyside L34 6NE	-	-	2	Flat
£84.8K	08/22	0.24 mi	17, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£84.8K	03/23	0.24 mi	5, Hunter Court, Prescot, Merseyside L34 2UH	£1,161	73	2	Flat
£93K	12/20	0.3 mi	26, Egerton Road, Prescot, Merseyside L34 3LT	£1,409	66	2	Flat
£155K	03/21	0.34 mi	21, Speakman Way, Prescot, Merseyside L34 5ND	£2,061	75	2	Flat
£85K	10/20	0.65 mi	31, Steward Court, Prescot, Merseyside L35 5HE	£1,417	60	2	Flat
£72K	10/21	0.66 mi	33, Hughes Avenue, Prescot, Merseyside L35 5EH	-	-	2	Flat
£82.5K	10/21	0.68 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£82.5K	10/21	0.68 mi	Apartment 16, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£50K	03/21	0.68 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£65K	02/22	0.68 mi	Apartment 27, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£73.5K	01/24	0.68 mi	Apartment 5, Brookside Court, Shaw Lane, Prescot, Merseyside L35 5AE	-	-	2	Flat
£75K	11/23	0.68 mi	Brookside Court, Apartment 20, Shaw Lane, Prescot, Merseyside L35 5AE	£1,415	53	2	Flat
£53K	05/22	0.75 mi	65, Brook Street, Whiston, Prescot, Merseyside L35 5AP	£716	74	2	Flat
£75K	11/22	0.77 mi	48, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,112	67	2	Flat
£63.5K	08/21	0.77 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£920	69	2	Flat
£70K	07/23	0.77 mi	50, Hughes Avenue, Prescot, Merseyside L35 5EP	£1,014	69	2	Flat
£117.5K	06/23	0.86 mi	28, Portico Court, Prescot, Merseyside L35 7LP	£1,865	63	2	Flat
£90K	03/22	0.86 mi	5, Portico Court, Prescot, Merseyside L35 7LP	£1,429	63	2	Flat

Local Rents

40 rents from £550/mo to £1.2K/mo, average is £798/mo.

Rent	Date	Distance	Address	Beds	Type
£650	04/24	0.04 mi	Eccleston Street, Prescot, Merseyside, L34	2	Flat
£795	04/24	0.11 mi	-	2	Flat
£795	12/24	0.11 mi	-	2	Flat
£750	02/25	0.12 mi	-	2	Flat
£750	12/24	0.12 mi	-	2	Flat
£750	11/24	0.12 mi	-	2	Flat
£850	12/24	0.13 mi	-	2	Terraced House
£650	05/24	0.13 mi	Kemble Street, Prescot, Merseyside	2	Flat
£550	12/24	0.14 mi	-	2	Flat
£690	12/24	0.16 mi	-	2	Terraced House
£700	12/24	0.17 mi	Rowson Street, Prescot, Merseyside, L34	2	Terraced House
£800	03/25	0.17 mi	-	2	Detached House
£800	04/25	0.17 mi	-	2	Detached House
£750	03/24	0.18 mi	-	2	Terraced House
£695	12/24	0.27 mi	-	2	Flat
£775	12/24	0.29 mi	Pendleton Court, Speakman Way, Prescot, L34	2	Flat
£800	12/24	0.3 mi	-	2	Terraced House
£850	03/25	0.3 mi	-	2	Semi-Detached House
£950	12/24	0.32 mi	-	2	Semi-Detached House
£625	01/25	0.34 mi	-	2	Terraced House
£795	02/25	0.36 mi	-	2	Flat
£850	12/24	0.36 mi	-	2	Flat
£850	04/24	0.36 mi	-	2	Flat
£850	10/24	0.36 mi	-	2	Flat
£1,200	02/25	0.36 mi	-	2	Flat
£925	04/24	0.36 mi	Bridgefield Court, Prescot	2	Flat
£795	01/24	0.36 mi	-	2	Flat
£795	12/24	0.36 mi	-	2	Flat
£825	03/25	0.36 mi	-	2	Flat
£795	12/24	0.36 mi	-	2	Flat
£945	12/24	0.36 mi	Bridgefield Court, Prescot	2	Flat
£850	12/24	0.36 mi	Kenneth Close, Prescot, Merseyside, L34	2	Flat
£850	12/24	0.36 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	12/24	0.36 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£775	04/24	0.36 mi	Hollins Court, Kenneth Close, Prescot, Merseyside, L34	2	Flat
£900	05/24	0.37 mi	Bridge Road, Prescot, Merseyside, L34	2	Flat
£840	12/24	0.46 mi	-	2	Semi-Detached House
£840	12/24	0.46 mi	Broadlands, Prescot, L35	2	Semi-Detached House
£950	04/24	0.48 mi	Prescot Park, Prescot, L34	2	Flat
£850	12/24	0.54 mi	New Road, Prescot, L34	2	Terraced House

Local Area Statistics

Population in L34	12,24412,244
Population in Prescot	43,00143,001
Town centre distance	0.20 miles away0.20 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental growth (12m)	+39%+39%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+44%+44%

Property History

Price changed to £80,000

March 24, 2025

Listed for £85,000

February 5, 2025

Floor Plans

Description

Central heating +
Double glazed +
Washing machine +
White goods +

Property number 49855. Click the "Request Details" button, submit the form and we'll text & email you within minutes, day or night.

Vacant possesion from April, previously tenanted at £700 per month .There is a monthly service charge on the property of £144. The lease on the property is 105 years. Situated within a beautifully converted former Church and School House, built in 1878 in the heart of Prescot Town Centre. The apartment benefits from fully fitted kitchen with integrated oven, hob and extractor hood, fridge freezer. Good sized lounge and 2 generously sized bedrooms, tiled family bathroom with mixer shower and chrome towel heater rail. Prescot ,with it's multi million pound revival well under way, offering a range of new and attractive eateries, cafe's and wine bars, historic building revivals, market place, new home developments and the unique Shakespeare's Theatre development is fast becoming a popular place to live and socialise. Centrally located for within walking distance to retail shops, train station, Prescot town centre. Convenient to major motorway links. Please note this property does not have parking facilities but there is a free carpark at the rear of the property.

If you're interested in this property please click the "request details" button above

Agent Details

Visum, Nationwide

03300 101115

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed House, Single Let, Prescot, L34 5RY

£130,000

7 months ago • 68 m²

2 Bed Flat, Single Let, Prescot, L34 5RH

£105,000

2 months ago • 68 m²

2 Bed Flat, Single Let, Prescot, L34 5RH

£110,000

3 views • a year ago • 68 m²

Sold STC

2 Bed Flat, Single Let, Prescot, L34 6NJ

£123,000

6 months ago • 61 m²

2 Bed Flat, Single Let, Prescot, L34 5TH, £80,000

ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed House, Single Let, Prescot, L34 5RY

2 Bed Flat, Single Let, Prescot, L34 5RH

2 Bed Flat, Single Let, Prescot, L34 5RH

2 Bed Flat, Single Let, Prescot, L34 6NJ

Cashflows

Local Sold Prices

Local Rents