10% BMV 2 Bedroom Terraced near Liverpool City Centre
£67,290
Fixed Price
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.
Vision
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.
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.
Vision
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.
