2 Bed Semi-Detached House, Refurb/BRRR, Liverpool, L24 6SF, £125,000

27 East Millwood Road, Liverpool, Merseyside, L24 6SF - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
81 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £220K
Sold Prices/m²£1K/m² - £3K/m²

 

 

Square Metres

81 m²
Price/m²£1.5K/m²

Value Estimate

£128,750
BMV3%

 

 

End Value (After Refurb)

£125,619

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£34,341

Bridging Loan Interest

£3,281

Total Cash In

£75,572

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,619

Mortgage (After Refinance)

£94,214

Mortgage LTV

75%

Cash Released

£464

Cash Left In

£75,108

Equity

£31,405

Rent Range

£475 - £2,600

Rent Estimate

£1,023

Running Costs/mo

£617

Cashflow/mo

£406

Cashflow/yr

£4,870

ROI

6%

Gross Yield

10%

Local Sold Prices

20 sold prices from £80K to £220K, average is £125K. £1K/m² to £3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£135K07/230.06 mi15, Oak View, Liverpool, Merseyside L24 6SH2
£113K08/220.21 mi17, Elloway Road, Liverpool, Merseyside L24 6SB2
£121K08/220.23 mi20, Critchley Road, Liverpool, Merseyside L24 6ST2
£127K09/210.24 mi29, Harland Green, Liverpool, Merseyside L24 6SY2
£120K08/220.27 mi33, Greenway Road, Liverpool, Merseyside L24 7RY2
£105K04/210.27 mi31, Greenway Road, Liverpool, Merseyside L24 7RY2
£110K02/230.3 mi115, East Dam Wood Road, Liverpool, Merseyside L24 7RH2
£96K04/210.49 mi22, All Hallows Drive, Liverpool, Merseyside L24 2RA2
£125K10/220.53 mi66, East Dam Wood Road, Liverpool, Merseyside L24 7RJ2
£125K11/210.62 mi3, Ganworth Road, Liverpool, Merseyside L24 2UW2
£141K05/210.65 mi16, Aldersgate Drive, Liverpool, Merseyside L26 9YB2
£156.5K07/220.66 mi10, Aldersgate Drive, Liverpool, Merseyside L26 9YB2
£220K11/220.69 mi6, Sandhurst Road, Liverpool, Merseyside L26 9YA2
£140.5K12/220.7 mi91, Little Heath Road, Liverpool, Merseyside L24 2TP2
£122K07/210.7 mi112, Little Heath Road, Liverpool, Merseyside L24 2TP2
£135K12/220.76 mi81, Ganworth Road, Liverpool, Merseyside L24 2SA2
£143.5K07/210.81 mi4, Hatherton Grove, Liverpool, Merseyside L26 9YQ2
£130K10/200.85 mi145, Blakeacre Road, Liverpool, Merseyside L26 9UX2
£80K12/200.9 mi65, Stapleton Avenue, Liverpool, Merseyside L24 0SF2
£80K12/200.9 mi65, Stapleton Avenue, Liverpool, Merseyside L24 0SF2

Local Rents

51 rents from £475/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£75002/250.12 mi-3
£47505/230.2 mi-1
£49504/230.21 mi-2
£57505/240.21 mi-1
£65003/250.21 mi-2
£55008/240.22 mi-1
£55008/240.22 mi-1
£57501/240.22 mi-3
£55008/230.23 mi-3
£84512/240.26 miHarland Green, Liverpool, L243
£84506/240.26 mi-3
£95012/230.28 mi-2
£95012/230.28 mi-2
£80008/240.28 mi-2
£59408/240.33 mi-3
£79503/230.45 mi-3
£95004/240.51 miAlwain Green, Speke, Liverpool, L244
£1,10012/240.57 mi-3
£1,05012/240.57 miCentral Way, Liverpool, L243
£1,15012/240.57 mi-3
£90004/240.6 miHale Road, Hale Village, Liverpool, L24 5RD2
£74512/230.69 mi-3
£2,40004/230.78 mi-6
£1,70010/230.8 mi-6
£2,60003/230.8 mi-6
£1,20005/240.82 miHigher Road, Liverpool, Merseyside, L263
£1,20004/240.83 mi-4
£1,25004/240.83 mi-4
£85005/240.87 mi-3
£1,49510/240.87 mi-4
£95004/240.9 miHawthorne Avenue, Liverpool, Merseyside. L26 9XB3
£1,10012/240.93 mi-3
£90012/240.97 mi-3
£75008/231.01 mi-3
£1,25002/251.02 mi-3
£1,20003/251.02 mi-3
£1,00005/241.03 miBeechfield Close, Halewood3
£80011/241.04 mi-2
£1,15003/251.05 mi-4
£1,10004/251.08 mi-3
£2,25004/241.09 miHigh Street, Hale Village, Liverpool, Merseyside, L24 4AF4
£1,00011/231.12 mi-3
£1,00012/241.13 mi-3
£89505/241.13 miHoney Hall Road, Halewood, Liverpool, L263
£1,40012/241.14 mi-3
£1,50003/251.14 mi-4
£90004/251.18 mi-3
£80004/241.2 miLeathers Lane, Halewood, Liverpool, L263
£95009/241.3 mi-3
£1,22502/251.42 mi-3
£1,00001/251.43 mi-3

Local Area Statistics

Population in L24

15,951

Population in Liverpool

675,519

Town centre distance

10.07 miles away

Nearest school

0.30 miles away

Nearest train station

1.33 miles away

 

 

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £125,000

February 11, 2025

Floor Plans

Description

  • Lounge & Kitchen/ Diner +
  • In Need Of Refurbishment +
  • Two Bedrooms & Family Bathroom +
  • Viewing Highly Recommended +
  • Semi Detached House +
  • Driveway & Garage +
  • Gardens To The Front & Rear +
  • Close To Local Amenities & Transport Networks +

The Property
This semi-detached house on East Millwood Road, Liverpool, Merseyside, L24 6SF, offers an exciting refurbishment opportunity in a popular residential location. The property, while in need of modernisation, provides a spacious layout perfect for those looking to add their own touch.

Upon entering, you are greeted by a welcoming entrance hall that leads into a generous lounge, ideal for relaxing or entertaining. The kitchen/diner offers ample space for family meals, with the potential to create a contemporary open-plan living area, subject to reconfiguration.

To the first floor, you will find two well-proportioned bedrooms, providing a comfortable space for rest and relaxation. The family bathroom is also located on this floor, ready to be updated to suit your preferences.

Externally, the property boasts a driveway that leads to a garage, providing secure parking and additional storage space. The front and rear gardens offer plenty of outdoor space, with potential for landscaping or further development.

This home presents a fantastic opportunity for investors or those seeking a project to make their own, in a sought-after area with convenient access to local amenities, transport links, and schools. A must-see for those looking to create a dream home in a prime location.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Liverpool

020 3907 2647

Next Steps?

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