2 Bed Flat, Single Let, Saint Helens, WA9 2AZ, £65,000

Medway Court, St Helens, WA9 2AZ - 3 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 20%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£50K - £115K
Sold Prices/m²	£943/m² - £1.7K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£79,950£79,950
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£625 - £2,128£625 - £2,128
Rent Estimate	£678
Running Costs/mo	£359£359
Cashflow/mo	£319£319
Cashflow/yr	£3,831£3,831
ROI	20%20%
Gross Yield	13%13%

Local Sold Prices

33 sold prices from £50K to £115K, average is £78K. £943/m² to £1.7K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£65K	01/21	0.47 mi	41, Breccia Gardens, St. Helens, Merseyside WA9 1SB	£1,032	63	2	Flat
£100K	10/22	0.47 mi	18, Breccia Gardens, St Helens, Merseyside WA9 1SB	£1,409	71	2	Flat
£72.2K	11/22	0.52 mi	10, Deerfield Close, St Helens, Merseyside WA9 1HJ	£1,289	56	2	Flat
£72.2K	11/22	0.52 mi	8, Deerfield Close, St Helens, Merseyside WA9 1HJ	£1,289	56	2	Flat
£67K	10/22	0.52 mi	33, Cygnet Gardens, St Helens, Merseyside WA9 1SE	£1,136	59	2	Flat
£60K	02/21	0.52 mi	27, Cygnet Gardens, St Helens, Merseyside WA9 1SE	£1,021	59	2	Flat
£58K	10/21	0.52 mi	55, Boardmans Lane, St Helens, Merseyside WA9 1HH	-	-	2	Flat
£72.2K	11/22	0.53 mi	4, Deerfield Close, St Helens, Merseyside WA9 1HJ	£1,289	56	2	Flat
£62K	10/20	0.54 mi	269, Mount Pleasant Avenue, St. Helens, Merseyside WA9 2PU	£1,242	50	2	Flat
£75K	08/22	0.54 mi	299, Mount Pleasant Avenue, St Helens, Merseyside WA9 2PU	£1,471	51	2	Flat
£62K	10/20	0.54 mi	269, Mount Pleasant Avenue, St. Helens, Merseyside WA9 2PU	£1,242	50	2	Flat
£85K	12/23	0.54 mi	287, Mount Pleasant Avenue, St Helens, Merseyside WA9 2PU	£1,604	53	2	Flat
£72K	11/23	0.59 mi	218, Newton Road, St Helens, Merseyside WA9 2JQ	£1,636	44	2	Flat
£101.5K	09/23	0.91 mi	2d, Carnegie Crescent, St Helens, Merseyside WA9 3LY	£1,452	70	2	Flat
£66.5K	05/22	1.11 mi	5, Waverly Court, St Helens, Merseyside WA9 3BT	£1,023	65	2	Flat
£96K	09/22	1.3 mi	21, New Bold Court, St Helens, Merseyside WA9 4TE	£1,352	71	2	Flat
£96K	04/21	1.3 mi	27, New Bold Court, St. Helens, Merseyside WA9 4TE	£1,387	69	2	Flat
£50K	08/22	1.37 mi	231, Lower Hall Street, St Helens, Merseyside WA10 1GF	£943	53	2	Flat
£78K	08/21	1.4 mi	102, Delph Hollow Way, St. Helens, Merseyside WA9 5GP	£1,393	56	2	Flat
£95K	11/22	1.4 mi	32, Delph Hollow Way, St Helens, Merseyside WA9 5GP	-	-	2	Flat
£95K	02/22	1.48 mi	28, The Rides, Haydock, St Helens, Merseyside WA11 0GQ	-	-	2	Flat
£76K	12/21	1.48 mi	24, The Rides, Haydock, St Helens, Merseyside WA11 0GQ	£1,134	67	2	Flat
£115K	07/21	1.89 mi	12, Piele Road, Haydock, St Helens, Merseyside WA11 0JY	£1,402	82	2	Flat
£83K	03/21	1.89 mi	44, Piele Road, Haydock, St Helens, Merseyside WA11 0JY	£1,383	60	2	Flat
£70K	05/21	1.89 mi	80, Piele Road, Haydock, St. Helens, Merseyside WA11 0JY	£1,169	60	2	Flat
£110K	09/23	1.89 mi	84, Piele Road, Haydock, St Helens, Merseyside WA11 0JY	£1,594	69	2	Flat
£76K	03/21	1.89 mi	82, Piele Road, Haydock, St. Helens, Merseyside WA11 0JY	£1,148	66	2	Flat
£86K	11/21	1.89 mi	46, Piele Road, Haydock, St Helens, Merseyside WA11 0JY	£1,483	58	2	Flat
£90K	07/23	1.89 mi	72, Piele Road, Haydock, St Helens, Merseyside WA11 0JY	-	-	2	Flat
£101K	09/22	1.92 mi	7, Cavan Drive, Haydock, St Helens, Merseyside WA11 0GN	£1,712	59	2	Flat
£100.5K	05/23	1.92 mi	5, Cavan Drive, Haydock, St Helens, Merseyside WA11 0GN	£1,703	59	2	Flat
£103.5K	02/24	1.92 mi	23, Cavan Drive, Haydock, St Helens, Merseyside WA11 0GN	£1,669	62	2	Flat
£81K	05/22	1.95 mi	43, Grasmere Avenue, St Helens, Merseyside WA11 9LX	£1,503	54	2	Flat

Local Rents

25 rents from £625/mo to £2.1K/mo, average is £725/mo.

Rent	Date	Distance	Address	Beds	Type
£850	02/25	0.2 mi	-	2	Terraced House
£750	04/25	0.24 mi	-	2	Terraced House
£700	10/24	0.24 mi	Mendip Grove, St Helens, WA9	2	Flat
£750	02/25	0.25 mi	-	2	Terraced House
£700	03/25	0.25 mi	-	2	Terraced House
£685	12/24	0.28 mi	-	2	Terraced House
£700	10/24	0.29 mi	Broad Oak Road, St. Helens, WA9	2	Terraced House
£795	11/24	0.32 mi	-	2	Terraced House
£750	03/25	0.35 mi	-	2	Terraced House
£2,128	10/24	0.39 mi	-	2	Terraced House
£1,624	03/25	0.39 mi	-	2	Terraced House
£675	10/24	0.39 mi	-	2	Terraced House
£745	01/25	0.39 mi	-	2	Terraced House
£750	03/25	0.42 mi	-	2	Terraced House
£700	12/24	0.43 mi	-	2	Terraced House
£700	04/25	0.43 mi	-	2	Terraced House
£750	04/25	0.47 mi	-	2	Terraced House
£750	11/24	0.51 mi	-	2	Flat
£750	12/24	0.51 mi	-	2	Flat
£725	04/25	0.51 mi	-	2	Detached House
£725	05/24	0.54 mi	-	2	Flat
£700	12/24	0.56 mi	-	2	Terraced House
£625	10/24	0.59 mi	-	2	Terraced House
£650	11/24	0.6 mi	-	2	Terraced House
£695	11/24	0.62 mi	-	2	Terraced House

Local Area Statistics

Population in WA9	48,78648,786
Population in Saint Helens	127,858127,858
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.16 miles away1.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+41%+41%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+36%+36%

Property History

Listed for £65,000

February 6, 2025

Floor Plans

Description

Excellent investment opportunity +
Two bedroom apartment +
Open plan living +
Allocated parking +
Convenient location +

Investors only - to be sold with the tenant in situ Offering an excellent investment opportunity for a landlord looking to purchase with a tenant already in place. This two bedroom apartment is located within a secure and gated block with allocated parking available for one car and visitor parking. Offering open plan living accommodation, the living area incorporates space for dining as well. The kitchen area provides suitable storage and preparation space with space for a washing machine and fridge freezer. The fitted bathroom comprises of a three piece suite including a WC, wash basin and bath with shower set over. EPC rating: B. Tenure: Leasehold, Service charge description: Paid 6 monthly January & July,

Agent Details

Belvoir, St Helens

01744 903784

Next Steps?

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

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