3 Bed Semi-Detached House, Refurb/BRRR, Wallasey, CH44 0AP, £73,000

29 Empress Road, Wallasey, Merseyside CH44 0AP - 3 views - a month ago

Auction
Refurb/BRRR
ROI: 5%
~93 m²
+2 photos

ValuationOvervalued

Sold Prices£72K - £233K
Sold Prices/m²£774/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£785/m²

Value Estimate

£70,700

 

 

End Value (After Refurb)

£123,244

Uplift in Value

+76%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,250

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£39,206

Bridging Loan Interest

£1,916

Total Cash In

£65,823

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£123,244

Mortgage (After Refinance)

£92,433

Mortgage LTV

75%

Cash Released

£37,683

Cash Left In

£28,140

Equity

£30,811

Rent Range

£625 - £1,395

Rent Estimate

£865

Running Costs/mo

£578

Cashflow/mo

£287

Cashflow/yr

£3,442

ROI

5%

Gross Yield

14%

Local Sold Prices

50 sold prices from £72K to £233K, average is £140K. £774/m² to £2.5K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£165K07/230.02 mi6, The Mount, Wallasey, Merseyside CH44 1AY3
£99K04/210.03 mi27, Oxford Road, Wallasey, Merseyside CH44 0AR3
£140K12/200.03 mi9, Oxford Road, Wallasey, Merseyside CH44 0AR3
£153K07/230.03 mi57, Oxford Road, Wallasey, Merseyside CH44 0AR3
£146.3K06/230.07 mi12, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£103.5K08/230.07 mi4, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£148K02/230.07 mi8, Ferndale Avenue, Wallasey, Merseyside CH44 0AD3
£165K09/220.07 mi15, Bryn Bank, Wallasey, Merseyside CH44 1AU3
£230K11/220.08 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£233K12/220.09 mi26, Chatsworth Avenue, Wallasey, Merseyside CH44 0AJ3
£173K04/230.1 mi19, Eaton Avenue, Wallasey, Merseyside CH44 0AH3
£170K12/210.1 mi21, Chatsworth Avenue, Wallasey, Merseyside CH44 0AJ3
£145K07/210.11 mi3, Chepstow Avenue, Wallasey, Merseyside CH44 0BA3
£172.5K09/210.12 mi51, Belgrave Street, Wallasey, Merseyside CH44 1BP3
£140K03/210.12 mi6, Rydal Bank, Wallasey, Merseyside CH44 1AS3
£130K08/210.12 mi13, Park Street, Wallasey, Merseyside CH44 1AT3
£176K04/210.12 mi72, Belgrave Street, Wallasey, Merseyside CH44 1BR3
£209K05/230.13 mi6, Martins Lane, Wallasey, Merseyside CH44 1BA3
£195K08/220.14 mi7a, Grosvenor Street, Wallasey, Merseyside CH44 1AN3
£166K06/210.15 mi4, Grosvenor Street, Wallasey, Merseyside CH44 1AG3
£120K01/230.17 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£172K03/230.18 mi21, Rosebery Avenue, Wallasey, Merseyside CH44 0BE3
£146.5K03/210.19 mi36, St Marys Street, Wallasey, Merseyside CH44 5TX3
£114K06/210.19 mi7, St Marys Street, Wallasey, Merseyside CH44 5TX3
£90K06/210.19 mi5, St Marys Street, Wallasey, Merseyside CH44 5TX3
£95K08/210.19 mi33, Lea Road, Wallasey, Merseyside CH44 0DT3
£85K01/230.19 mi22, Exeter Road, Wallasey, Merseyside CH44 1DS3
£105K01/210.2 mi1, Agnes Grove, Wallasey, Merseyside CH44 1DH3
£85K01/210.21 mi16, Lea Road, Wallasey, Merseyside CH44 0DU3
£143K06/230.21 mi42, Lea Road, Wallasey, Merseyside CH44 0DU3
£140K10/200.23 mi15, Brook Close, Wallasey, Merseyside CH44 1DU3
£72K10/200.23 mi40, Charlotte Road, Wallasey, Merseyside CH44 0DW3
£157.5K01/230.24 mi33, Grosvenor Street, Wallasey, Merseyside CH44 1AW3
£106K03/210.24 mi44, Union Street, Wallasey, Merseyside CH44 0BW3
£110K10/210.25 mi53, Union Street, Wallasey, Merseyside CH44 0BL3
£110K02/210.26 mi6, Churchill Grove, Wallasey, Merseyside CH44 1EL3
£85K03/230.26 mi6, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£88.5K12/200.26 mi17, Rudgrave Mews, Wallasey, Merseyside CH44 0EZ3
£130K02/210.27 mi207, Church Street, Wallasey, Merseyside CH44 8AG3
£175K11/210.28 mi2, Glyn Road, Wallasey, Merseyside CH44 1AB3
£153K07/210.28 mi131, Manor Road, Wallasey, Merseyside CH45 7LU3
£82K02/210.28 mi20, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£130K03/230.28 mi18, Lancaster Avenue, Wallasey, Merseyside CH45 7LP3
£115K09/210.28 mi35, Stringhey Road, Wallasey, Merseyside CH44 1EF3
£119K12/200.29 mi25, Mill Lane, Wallasey, Merseyside CH44 5UA3
£143K03/210.3 mi2, Manor Lane, Wallasey, Merseyside CH45 7LZ3
£112K05/230.3 mi8, Seabank Avenue, Wallasey, Merseyside CH44 1EH3
£146K11/200.31 mi16, Pendennis Road, Wallasey, Merseyside CH44 9BX3
£128K06/230.31 mi20, Barnwell Avenue, Wallasey, Merseyside CH44 1AA3
£185K01/230.34 mi3, Seabank Road, Wallasey, Merseyside CH44 8BA3

Local Rents

51 rents from £625/mo to £1.4K/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£80009/240.02 mi-3
£89503/240.1 miPark Street, Wallasey3
£75004/240.19 miSt Marys Street Wallasey3
£69505/240.19 miCharlotte Road, Wallasey3
£69512/240.19 miCharlotte Road, Wallasey3
£75003/240.21 miExeter Road, Wallasey3
£67504/250.23 mi-3
£74812/230.24 mi-3
£62503/240.27 miParkfield Drive, Wallasey3
£95003/240.28 miGrosvenor Street, Wallasey3
£85003/240.29 miManor Road, Wallasey, Wirral3
£71504/240.33 mi-3
£71504/240.33 miRivington Road, Wallasey, CH443
£71504/240.33 miRivington Road, Wallasey, CH443
£65005/240.34 miLiscard Road, Wallasey3
£69503/240.34 mi-3
£89504/240.39 miLeominster Road, Wallasey3
£89505/240.39 miLeominster Road, Wallasey3
£1,37503/240.4 miGibson House, Wallasey, CH443
£1,37503/240.4 miGibson House, Wallasey, CH443
£1,29504/240.4 miGibson House, Wallasey, CH443
£1,29512/240.4 miGibson House, Wallasey, CH443
£1,29505/240.4 mi-3
£1,29512/240.4 mi-3
£1,29509/240.4 mi-3
£1,39504/250.4 mi-3
£71012/230.45 mi-3
£65001/250.45 mi-3
£75001/240.45 mi-3
£72501/240.47 mi-3
£77510/240.47 mi-3
£78502/240.49 mi-3
£78502/240.49 mi-3
£64503/240.5 miBuchanan Road3
£64504/240.5 miBuchanan Road3
£90012/240.51 mi-3
£75003/240.52 miWithens Lane, Wallasey3
£75005/240.52 mi-3
£75005/240.52 miDrayton Road, Wallasey, CH443
£85012/230.53 mi-3
£75003/240.56 miPenkett Road, Wallasey, Wirral3
£1,20002/250.56 mi-3
£95001/240.56 mi-3
£80003/240.56 miRycroft Road, WALLASEY3
£73502/240.56 mi-3
£79503/240.57 miMerecroft Avenue, Wallasey, Wirral3
£80003/240.58 miHazeldene Avenue, Wallasey3
£79504/240.58 miHazeldene Avenue, Wallasey3
£80005/240.58 mi-3
£79512/240.59 miKenilworth Road Wallasey3
£73012/240.6 mi-3

Local Area Statistics

Population in CH44

29,995

Population in Wallasey

60,790

Town centre distance

0.71 miles away

Nearest school

0.20 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+42%

Sales demand

Seller's market

Capital growth (5yrs)

+37%

Property History

Price changed to £73,000

April 5, 2025

Listed for £70,000

March 17, 2025

Description

  • ONLINE UNCONDITIONAL AUCTION +
  • RENOVATION PROJECT +
  • DECEPTIVELY SPACIOUS +
  • POPULAR RESIDENTIAL LOCATION +
  • YOU MUST REGISTER TO BID +
  • LEGAL PACK ON OUR WEBSITE +

FOR SALE VIA ONLINE UNCONDITIONAL AUCTION. BIDDING OPENS MONDAY 7TH APRIL & CLOSES TUESDAY 8TH APRIL SCOPE TO RENNOVATE
CONVENIENTLY LOCATED
WELL PROPORTIONED SEMI DETACHED
NO INTERNAL INSPECTIONS PERMITTED

Title Number: MS406377
Council Tax Band: A
Guide Price: £70,000 (Plus Fees)

Well proportioned 3-bedroom semi detached house in need of refurbishment. Boasting a convenient location and complete blank canvass, this presents a great opportunity for someone looking to sink their teeth into a project.

NOTE: As per our clients instructions on safety grounds, no internal viewings will be available at this property.

ROOM LIST- Any Floor plan and/or measurements are for indicative purposes. Please conduct further due diligence as required.

Entrance Hallway
Living Room
Reception Room
Kitchen
Bedroom One
Bedroom Two
Bedroom Three
Bathroom
Rear Garden

PLEASE NOTE No appliances have been tested by Auction House. Any measurements are approximate. We recommend any would be bidders conduct their own due diligence in good time prior to the auction taking place.

IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Tenure: Freehold Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Covering Cheshire, Staffordshire & Shropshire

03456 462350

Next Steps?

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