2 Bed Flat, Cash/Bridging Only, Saint Helens, WA10 1GH, £60,000

Arrivato Plaza, St Helens Central, St Helens, WA10 1GH - 3 months ago

Leasehold
Cash
ROI: 8%
~65 m²
+7 photos

ValuationFair Value

Sold Prices£50K - £250K
Sold Prices/m²£715/m² - £2.2K/m²

 

 

Square Metres

~64.62 m²
Price/m²£929/m²

Value Estimate

£60,000

 

 

End Value (After Refurb)

£76,619

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£27,191

Bridging Loan Interest

£1,575

Total Cash In

£49,716

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£76,619

Mortgage (After Refinance)

£57,465

Mortgage LTV

75%

Cash Released

£12,465

Cash Left In

£37,251

Equity

£19,155

Rent Range

£675 - £990

Rent Estimate

£725

Running Costs/mo

£404

Cashflow/mo

£321

Cashflow/yr

£3,847

ROI

8%

Gross Yield

14%

Local Sold Prices

38 sold prices from £50K to £250K, average is £86.3K. £715/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£50K08/220.1 mi231, Lower Hall Street, St Helens, Merseyside WA10 1GF2
£87.5K06/230.68 miApartment 18, Ashfield Court, Glover Street, St Helens, Merseyside WA10 3QY2
£66.5K05/220.91 mi5, Waverly Court, St Helens, Merseyside WA9 3BT2
£67K10/220.95 mi33, Cygnet Gardens, St Helens, Merseyside WA9 1SE2
£60K02/210.95 mi27, Cygnet Gardens, St Helens, Merseyside WA9 1SE2
£65K01/211.02 mi41, Breccia Gardens, St. Helens, Merseyside WA9 1SB2
£100K10/221.02 mi18, Breccia Gardens, St Helens, Merseyside WA9 1SB2
£58K10/211.05 mi55, Boardmans Lane, St Helens, Merseyside WA9 1HH2
£72.2K11/221.06 mi10, Deerfield Close, St Helens, Merseyside WA9 1HJ2
£72.2K11/221.07 mi4, Deerfield Close, St Helens, Merseyside WA9 1HJ2
£72.2K11/221.1 mi8, Deerfield Close, St Helens, Merseyside WA9 1HJ2
£81K05/221.13 mi43, Grasmere Avenue, St Helens, Merseyside WA11 9LX2
£78K08/211.15 mi102, Delph Hollow Way, St. Helens, Merseyside WA9 5GP2
£95K11/221.15 mi32, Delph Hollow Way, St Helens, Merseyside WA9 5GP2
£50K03/211.16 mi45, Liberty Place, St Helens, Merseyside WA10 4PL2
£105K12/221.22 mi2, The Feathers, St Helens, Merseyside WA10 4PG2
£98K06/231.22 mi12, The Feathers, St Helens, Merseyside WA10 4PG2
£105K12/231.31 mi125, Knowsley Road, St Helens, Merseyside WA10 4PZ2
£90K09/231.31 mi123, Knowsley Road, St Helens, Merseyside WA10 4PZ2
£88.5K05/241.31 mi103, Knowsley Road, St Helens, Merseyside WA10 4PZ2
£95K07/211.31 mi83, Knowsley Road, St. Helens, Merseyside WA10 4PZ2
£97K06/231.31 mi91, Knowsley Road, St Helens, Merseyside WA10 4PZ2
£95K01/231.31 mi121, Knowsley Road, St Helens, Merseyside WA10 4PZ2
£96K05/211.41 mi47, Newlove Avenue, St Helens, Merseyside WA10 4DS2
£99K09/231.41 mi12, Cunningham Court, St Helens, Merseyside WA10 4GA2
£85K11/201.41 mi19, Cunningham Court, St Helens, Merseyside WA10 4GA2
£92K09/221.41 mi2, Cunningham Court, St Helens, Merseyside WA10 4GA2
£100K03/211.55 mi5, Holme Road, Eccleston, St. Helens, Merseyside WA10 4QD2
£101.5K09/231.61 mi2d, Carnegie Crescent, St Helens, Merseyside WA9 3LY2
£150K04/211.71 mi111, Moss Bank Road, St Helens, Merseyside WA11 7DF2
£250K07/211.8 miApartment 5, Eccleston Hall, Prestbury Drive, Eccleston, St. Helens, Merseyside WA10 5NZ2
£173K12/201.8 miApartment 8, Eccleston Hall, Prestbury Drive, Eccleston, St. Helens, Merseyside WA10 5NZ2
£55K12/201.8 mi116, Lingmell Avenue, St Helens, Merseyside WA11 7AX2
£63K07/211.8 mi97, Lingmell Avenue, St Helens, Merseyside WA11 7AX2
£73K09/231.8 mi121, Lingmell Avenue, St Helens, Merseyside WA11 7AX2
£70K02/221.8 mi85, Lingmell Avenue, St Helens, Merseyside WA11 7AX2
£75K08/221.95 mi299, Mount Pleasant Avenue, St Helens, Merseyside WA9 2PU2
£85K12/231.95 mi287, Mount Pleasant Avenue, St Helens, Merseyside WA9 2PU2

Local Rents

18 rents from £675/mo to £990/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£72510/240 miHall Street, St Helens, WA102
£79504/250 mi-2
£75004/250.07 mi-2
£67510/240.07 miLower Hall Street, St. Helens, WA102
£75010/240.07 mi-2
£67510/240.08 miLower Hall Street, St. Helens, WA102
£99002/250.13 mi-2
£69502/240.16 mi-2
£70010/240.17 mi12 Arrivato Plaza, Hall Street, St. Helens2
£67503/250.25 mi-2
£75004/250.27 mi-2
£70010/240.28 miAlfred Street, St. Helens, Merseyside, WA102
£75004/250.29 mi-2
£79510/240.35 miGleave Street, St Helens, WA102
£75010/240.39 mi-2
£79512/240.59 mi-2
£75002/250.59 mi-2
£75004/250.59 mi-2

Local Area Statistics

Population in WA10

38,450

Population in Saint Helens

127,858

Nearest school

0.10 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+22%

Property History

Listed for £60,000

February 6, 2025

Floor Plans

Description

  • Excellent Investment Opportunity +
  • Tenant already in situ +
  • Two bed modern apartment +
  • Central and convenient location +
  • Excellent transport links and amenities +
  • Open plan living +

To be sold with the tenant in situ Current rent acheived is £725pcm with an approximate rental yield of 10% (with running costs)  Cash buyers only Please note that the apartment is only available for cash buyers only at this time.  This modern penthouse apartment is available to landlords only, offering a fantastic investment opportunity to purchase with a tenant already in place – for more information regarding the tenancy please do contact the office. The location is most convenient with excellent commuting access from St Helens train/bus station and to the nearby M62 motorway & A580 East Lancashire Road. St Helens town centre is only a short walk away and provides a great selection of shops, cafes and restaurants. Access is via the ground floor entrance and benefits from lift access. The apartment itself offers generous accommodation within its own entrance hallway with storage, the living space is open plan and there are patio doors leading onto the balcony. There are two double bedrooms and the family bathroom which can be access via the hallway and master bedroom. EPC rating: C. Tenure: Leasehold, Service charge description: £452 paid quarterly,

Agent Details

Belvoir, St Helens

01744 903784

Next Steps?

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