39 Orlando Street, Bootle, Merseyside

Description

A Vacant Two Bedroom Mid Terrace House. The property comprises a two bedroom mid terrace house arranged over ground and first floors. The property has been recently refurbished.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Bootle South Recreation Ground are within easy reach. Transport links are provided by Liverpool Lime Street rail station.

Tenure / Property Information

Investment Analysis

The strongest comparable is 45 Orlando Street at £76,500 in June 2021, while 41 Orlando Street sold for £79,000 in 2006. Given the subject is on the same street and described as recently refurbished, £76,500 is adopted as the base GDV. The £79,000 high scenario is supported by the older same-street sale but has lower evidential weight. The £50,000 guide is materially below these completed sales, although the guide is not a valuation and auction fees remain uncertain.

Investment Snapshot

Strategy Recommendation

Investigate as a potentially strong-yielding BTL or BRRR purchase, subject to inspection, legal-pack review, achieved-rent validation and confirmation of all auction fees. Do not rely on the apparent margin as a guaranteed flip profit.

Works Required

No specific refurbishment defects or required works are evidenced; the property is described as recently refurbished. Allowance assumes no refurbishment spend, subject to inspection and legal-pack review. Verify the kitchen, bathroom, services, EPC and general condition before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £50,000 guide with no evidenced refurbishment allowance and the known £1,800 administration charge, the base cost is £51,800 before unspecified premiums and disbursements. A 75% refinance at the £76,500 base GDV is £57,375, implying £5,575 of surplus before finance, tax and other costs. Actual refinancing depends on lender valuation, rent assessment, lease/legal review and fees.

Buy-to-Let Analysis

Using the lower advertised rental evidence of £745 pcm gives annual rent of £8,940 and a gross yield of 17.88% on the £50,000 guide, or 17.26% against the guide plus the known £1,800 administration charge. The £745–£895 pcm evidence is advertised asking rent, not achieved rent, and no allowance is made for finance, voids, management, maintenance, insurance, tax or unspecified auction costs.

Flip Analysis

The base GDV of £76,500 is supported primarily by the same-street £76,500 sale from 2021. Against the £51,800 guide-plus-known-admin-cost basis, the gross difference is £24,700 before buyer premium, other auction costs, selling costs, finance, tax and any works. A formal flip surplus cannot be established because selling costs and further costs are not supplied.

Investor Risks & Due Diligence

• The £50,000 guide is not a valuation and the eventual auction price may be higher.

• Rental figures are advertised asking rents rather than achieved or passing rents.

• Buyer premium, search fees, seller-cost reimbursement, legal fees, transfer fees and other disbursements are unspecified.

• The recently refurbished description is not supported by a detailed schedule of works or independent inspection.

• The base GDV relies mainly on one same-street sale completed in 2021; the other £79,000 comparable is from 2006.

• Leasehold title, legal-pack terms and any lease-related costs require verification despite the long stated unexpired term.

Recommendation

Investigate as a potentially strong-yielding BTL or BRRR purchase, subject to inspection, legal-pack review, achieved-rent validation and confirmation of all auction fees. Do not rely on the apparent margin as a guaranteed flip profit.

Strategy Rating

Analysis Confidence

Same-street completed sales and rental asking evidence are available, but the sales evidence is limited and partly dated, rents are not achieved rents, condition is not independently evidenced, and buyer premiums, disbursements and selling costs are unspecified.