10% BMV 2 Bedroom Terraced near Liverpool City Centre

£67,290 Fixed Price
  • Ref: 000124
  • Type: Terraced House
  • Availability: For Sale
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Parking: Off Road Parking
  • Tenure: Freehold
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Property Features

  • Refurbishment Project
  • 10% Below Market Value
  • Fair Market Value After Refurb: £110,000
  • Located Near Liverpool Lime Street Station
  • Located Near Good Schools

Property Summary

We have managed to secure a below market value 2 bedroom terraced house in Liverpool. The property is located in a popular residential area and it is close to schools, excellent shopping and leisure amenities of Liverpool. It is just 2 miles away from Liverpool Lime Street Station just 10 minutes drive to Liverpool City Centre.

The property consists of:

Reception room
Downstairs Bathroom
2 Bedrooms
Double glazing throughout
Central Heating

Rental Comparables
There is great demand for good 3 bedroom properties in this area. We are advised that a rental figure is between £550 - £750 pcm is expected.

There are two alternative scenarios a purchaser could pursue:
1. Carry out a relatively low level of improvements (approx. £25,000) and install tenants (at £600 pcm) and enjoy a good return with the prospect of
refurbishing the property in the future.

2. Carry out an immediate refurbishment by spending up to £25,000 and let as holiday let at £130 per night at 45% Occupancy

Costs to consider:
Purchase Price £67,290
Mortgage Cost = £206 pcm (Assuming 75% Mortgage Taken @ 3%)
10% Management = £55 pcm

Capital Required To Get Involved:
Deposit @ 25% £16,823
Stamp Duty @ 3% £2,019
Legals £500
Sourcing fee £3,000

Option 1 - With Minor Refurb
£25,000 improvements

Total Capital Required £47,341
Monthly cash flow after all costs £245 PCM £2,937 PA
ROI 6%

Option 2 - (Holiday Let 45% Occupancy)
£25,000 refurbishment
Total Capital Required £47,341
Monthly cash flow after all costs £623 PCM £7,473 PA
ROI 16%

I am in contact with a letting agent who would be able to manage the property for you and make this a hands off investment. If this is of interest text/WhatsApp the office immediately.