3 River Grove, Wirral, Merseyside

Description

A three bedroomed property in River Grove, Wirral, with plenty of scope to improve adding value.

Accommodation

The property comprises of entrance hallway, lounge with bay window, dining room, kitchen, separate utility room, workshop, three good sized bedrooms and a family bathroom.

Location

Excellent transport links. Bebington Rail Station is approximately 0.75 miles away offering direct rail access. Nearby motorway junctions including M53 J4 (2.28 miles), J3 (3.17 miles), and J5 (4.54 miles) provide convenient road connections. Local bus services are easily accessible from stops on Onslow Road, New Ferry Pier and Beverley Road, all within walking distance.

Investment Analysis

Five same-street completed terraced-house sales range from £131,000 to £184,500. The median is £153,000 and the average is £154,700, but bedroom counts, condition and specification of the comparables are not supplied. A cautious indicative GDV range is therefore £131,000–£184,500, with £153,000 as the base scenario; this is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only as a value-add opportunity after inspection, legal review and firm works quotations. Do not set a maximum bid from the supplied evidence alone; the £99,000 guide plus the £6,000 minimum buyer premium already totals £105,000 before works and other fees.

Works Required

The description states that the property has scope to improve and add value, but does not identify specific defects or required works. Obtain a full inspection and contractor quotations before bidding; no refurbishment allowance can be supported from the evidence provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £153,000 base GDV, a theoretical 75% refinance is £114,750. However, total acquisition and refurbishment cost cannot be calculated because works, tenure-related information and possible additional fees are unknown. Cash left in and BRRR viability therefore cannot be established.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence, auctioneer rent estimate, operating costs or refurbishment cost is provided. At the £99,000 guide, the buyer premium is £6,000 because the 4.8% calculation is below the stated minimum, before any additional special-condition fees.

Flip Analysis

The same-street completed sales indicate potential value above the £99,000 guide, but a reliable flip surplus cannot be calculated without condition-based works costs, acquisition costs beyond the stated buyer premium and a supported selling-cost allowance. The guide-to-GDV spread is not a profit forecast.

Investor Risks & Due Diligence

• Condition and required works are not specified, so refurbishment cost and contingency cannot be assessed.

• The subject tenure, occupancy and lease information are blank, while the supplied comparables are stated to be freehold.

• No sufficiently specific rental evidence is available, preventing a supported BTL yield analysis.

• Buyer premium is subject to a £6,000 minimum and additional fees may appear in the Special Conditions of Sale.

• Comparable sales vary materially in price and their bedroom counts, condition and specification are not supplied.

• A 5% deposit is required, subject to a £5,000 minimum, creating an immediate auction funding requirement.

Recommendation

Proceed only as a value-add opportunity after inspection, legal review and firm works quotations. Do not set a maximum bid from the supplied evidence alone; the £99,000 guide plus the £6,000 minimum buyer premium already totals £105,000 before works and other fees.

Strategy Rating

Analysis Confidence

Same-street completed sales support an indicative GDV range, but the subject's condition, bedroom comparability, tenure, occupancy, rent, refurbishment cost and additional auction fees are not evidenced.