16A West Street, Prescot Merseyside, L34 1LQ

Description

TO BE SOLD VIA ONLINE AUCTION ON SEPTEMBER 30TH – OCTOBER 1ST 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS

16A West Street, Prescot, L34 1LQ

An excellent buy-to-let opportunity comprising a spacious split-level converted apartment, conveniently situated on West Street in the popular Prescot area. The property is well placed for local shops, recreational facilities and excellent road and public transport connections.

The accommodation comprises an entrance hallway, split-level landing, bright and spacious lounge, fitted kitchen, double bedroom and generously sized fitted bathroom. French doors open onto a balcony seating area, while a staircase leads to a substantial loft room with Velux windows and ample under-eaves storage.

Tenure / Property Information

Council Tax Band: A; Tenure: Leasehold; Years Remaining on the Lease: 101

Investment Analysis

HB analysis uses the supplied Edward Mellor scrape as the primary property source. Auctioneer facts are separated from HB desktop estimates; all figures should be verified before bidding.

Investment Snapshot

Market Comparables

No priced sold comparable was captured in the supplied scrape. Base GDV £85,000 is an HB desktop estimate because no priced sold comparable was captured in the supplied scrape; independent sold-evidence research is required before bidding.

Proposed Works

HB desktop works allowance: £5,000. Allow for inspection-led repairs, decoration, safety/compliance items and contingency.

Rental Value

The property is currently let at £650 per calendar month, producing £7,800 per annum. We have been advised that a Section 13 notice has been served to increase the rent to £750 per calendar month. If implemented, this would produce £9,000 per annum and represent a gross rental yield of approximately 11.25% based on the guide price. However, we are yet to see a copy of the Section 13 notice, and prospective purchasers should refer to the legal pack and satisfy themselves regarding the tenancy and rental position.

Low / Base / High Investment Scenario

BTL Analysis

A defensible BTL yield cannot be calculated from the supplied scrape because a monthly rent was not established.

BRRR Analysis

Using a 75% refinance against the HB base GDV gives indicative refinance proceeds of £63,750. Against purchase plus works of £75,000, indicative cash left in is £11,250. Finance, tax, legal fees and lender valuation haircuts are excluded.

Flip Analysis

At the HB base GDV, after purchase plus works and an indicative 2% selling allowance, the pre-finance/pre-tax flip surplus is approximately £8,300. This is a screening figure, not a formal valuation.

Maximum Bid Indicator

HB Desktop Screening Ceiling: approximately £65,550. This is a desktop screening ceiling only, not a formal valuation or instruction to bid; SDLT, finance, legal fees and property-specific abnormal costs must be added separately.

Strategy Recommendation

Most relevant strategy: Flip / Owner Occupier. The choice reflects the scraped condition/occupancy narrative, available rent evidence and the relationship between the starting bid, works allowance and HB base GDV.

Strategy Rating

BTL ★★☆☆☆; BRRR ★★☆☆☆; Flip ★★★☆☆

Key Risks

• lease terms, service charge and ground rent must be checked against the legal pack
• thin priced sold-comparable evidence in the supplied scrape
• rental value requires independent letting-agent verification
• tenancy status, arrears and possession position require legal verification

Analysis Confidence

Low-Medium. Confidence reflects the quality of the supplied listing information, embedded coordinates/images, and the amount of sold/rental evidence captured in the scrape.