Potential 4-Bed HMO, Wallasey, CH44 0EL, £140,000

49 Rudgrave Square, Wallasey, Wirral, CH44 0EL - 1 views - a month ago

HMO
Refurb/BRRR
ROI: 7%
~125 m²
+7 photos

ValuationUndervalued

Sold Prices£72K - £267.5K
Sold Prices/m²£774/m² - £2.6K/m²

 

 

Square Metres

~124.86 m²
Price/m²£1.1K/m²

Value Estimate

£144,200
BMV3%

 

 

End Value (After Refurb)

£160,371

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,500

Refurb Costs

£52,638

Bridging Loan Interest

£3,675

Total Cash In

£101,563

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,371

Mortgage (After Refinance)

£120,278

Mortgage LTV

75%

Cash Released

£15,278

Cash Left In

£86,285

Equity

£40,093

Room Rate

£490

Gross Rent

£1,960

Running Costs/mo

£1,342

Cashflow/mo

£618

Cashflow/yr

£7,410

ROI

7%

Gross Yield

17%

Local Sold Prices

50 sold prices from £72K to £267.5K, average is £134.6K. £774/m² to £2.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£185K01/230.06 mi3, Seabank Road, Wallasey, Merseyside CH44 8BA3
£72K10/200.07 mi40, Charlotte Road, Wallasey, Merseyside CH44 0DW3
£85K03/230.09 mi6, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£88.5K12/200.09 mi17, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£85K10/200.09 mi54, Lea Road, Wallasey, Merseyside CH44 0DU3
£85K01/210.09 mi16, Lea Road, Wallasey, Merseyside CH44 0DU3
£143K06/230.09 mi42, Lea Road, Wallasey, Merseyside CH44 0DU3
£110.5K10/210.1 mi12, St Lucia Road, Wallasey, Merseyside CH44 8BW3
£115K12/220.11 mi3, St Elmo Road, Wallasey, Merseyside CH44 8BL3
£95K08/210.11 mi33, Lea Road, Wallasey, Merseyside CH44 0DT3
£112K05/230.11 mi8, Seabank Avenue, Wallasey, Merseyside CH44 1EH3
£85K01/230.11 mi22, Exeter Road, Wallasey, Merseyside CH44 1DS3
£128K02/210.11 mi16, Blenheim Road, Wallasey, Merseyside CH44 8BR3
£110K02/230.12 mi26, St Elmo Road, Wallasey, Merseyside CH44 8BL3
£115K09/210.14 mi35, Stringhey Road, Wallasey, Merseyside CH44 1EF3
£110K02/210.14 mi6, Churchill Grove, Wallasey, Merseyside CH44 1EL3
£100K01/210.15 mi21, St Vincent Road, Wallasey, Merseyside CH44 8BJ3
£139.2K01/230.15 mi4, St Vincent Road, Wallasey, Merseyside CH44 8BJ3
£145K07/210.17 mi3, Chepstow Avenue, Wallasey, Merseyside CH44 0BA3
£140K10/200.2 mi15, Brook Close, Wallasey, Merseyside CH44 1DU3
£120K01/230.23 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£105K01/210.25 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£99K04/210.26 mi27, Oxford Road, Wallasey, Merseyside CH44 0AR3
£140K12/200.26 mi9, Oxford Road, Wallasey, Merseyside CH44 0AR3
£153K07/230.26 mi57, Oxford Road, Wallasey, Merseyside CH44 0AR3
£106K03/210.26 mi44, Union Street, Wallasey, Merseyside CH44 0BW3
£143K03/210.26 mi2, Manor Lane, Wallasey, Merseyside CH45 7LZ3
£153K07/210.27 mi131, Manor Road, Wallasey, Merseyside CH45 7LU3
£110K03/210.28 mi17, Church Gardens, Wallasey, Merseyside CH44 8HF3
£110K10/210.28 mi53, Union Street, Wallasey, Merseyside CH44 0BL3
£148K02/230.3 mi8, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£160K11/210.3 mi11, Tobin Street, Wallasey, Merseyside CH44 8DF3
£146.3K06/230.3 mi12, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£103.5K08/230.3 mi4, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£165K07/230.3 mi6, The Mount, Wallasey, Merseyside CH44 1AY3
£233K12/220.31 mi26, Chatsworth Avenue, Wallasey, Merseyside CH44 0AJ3
£172K03/230.31 mi21, Rosebery Avenue, Wallasey, Merseyside CH44 0BE3
£198K02/230.33 mi8, Stratton Close, Wallasey, Merseyside CH45 7SJ3
£143K04/230.33 mi10, Churchmeadow Close, Wallasey, Merseyside CH44 8HQ3
£145K03/230.33 mi2, Churchmeadow Close, Wallasey, Merseyside CH44 8HQ3
£110K07/210.33 mi2, Church Close, Wallasey, Merseyside CH44 8HG3
£267.5K04/230.34 mi34, Caithness Drive, Wallasey, Merseyside CH45 7PW3
£170K12/210.34 mi21, Chatsworth Avenue, Wallasey, Merseyside CH44 0AJ3
£172.5K09/210.34 mi51, Belgrave Street, Wallasey, Merseyside CH44 1BP3
£130K02/210.34 mi207, Church Street, Wallasey, Merseyside CH44 8AG3
£173K04/230.35 mi19, Eaton Avenue, Wallasey, Merseyside CH44 0AH3
£165K09/220.36 mi15, Bryn Bank, Wallasey, Merseyside CH44 1AU3
£230K11/220.36 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£176K04/210.36 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£82K02/210.36 mi20, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3

Local Area Statistics

Population in CH44

29,995

Population in Wallasey

60,790

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+48%

Sales demand

Seller's market

Capital growth (5yrs)

+40%

Property History

Listed for £140,000

March 11, 2025

Floor Plans

Description

  • Freehold +
  • Council Tax Band A +
  • Approx 1344 Sq Ft +
  • No Onward Chain +
  • Three Bedrooms +
  • Large Reception Rooms +
  • Modern Kitchen +
  • Private Yard +
  • Off Road Parking +
  • Brilliant Investment +

No Onward Chain! This spacious three bedroom end-of-terrace house spans three floors and offers excellent potential for investors. With generous living space, a flexible layout, off road parking and potential for rental income viewing is highly recommended!

Sold with no onward chain and ample potential for investors or first time buyers, this three bedroom end of terrace house with off road parking is located in a convenient area is one worth viewing!

This house spans three floors, offering ample space and flexibility for living.
The ground floor provides an opportunity for future renovation, with a versatile room that could serve as an additional bedroom or living room, and a utility room which could be converted into an additional bathroom, depending on your needs.

The first floor features a spacious bedroom, a modern kitchen, and a large reception room, all neutrally decorated and recently upgraded throughout. The modern bathroom on this level is fitted with a walk-in shower.

On the third floor, you'll find two generously sized bedrooms, each offering plenty of space. This home provides excellent potential to further modernise while offering ample living space across its three floors.

This house would make a brilliant investment boasting a yield of 8%, with a potential rent of £900-£925pcm. Additionally, this home is also suited for HMO purposes and could achieve £70-£90pw per room.

Call the Wallasey Office today to arrange your viewing!

Agent Details

Karl Tatler Estate Agents, Wallasey

0151 453 2840

Next Steps?

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