40A Grange Road, West Kirby, Merseyside, CH48 4EF

Description

This is a one-bedroom first floor apartment in the heart of the popular sea side village of West Kirby, Wirral. The apartment has a tenant in situ with an AST in place at £625pcm. With double glazing, heating, and a modern fit throughout.

Accommodation

First floor - Double bedroom, shower room, open plan living room / kitchen with modern fitted units.

Location

Located directly opposite West Kirby train station and Concourse, the apartment enjoys a buzz of local amenities on its doorstep. This is a popular area with professionals for its proximity to coastal walks, the beach, and good road and public transport links back into Liverpool and beyond.

Auction Information

Tenure

Leasehold. The legal pack is the definitive source for lease length, title, covenants, service charges, ground rent and special conditions.

Council Tax

Band A.

Investment Analysis

Market Comparables

Use recent Land Registry sold evidence and genuinely comparable current/let rental evidence for the same micro-location, accommodation, tenure and condition. Venmore’s stated rents or rental opinions are retained as auctioneer evidence where supplied; HB screening figures are not a formal valuation.

Proposed Works

HB desktop allowance: £5,000. Scope should be confirmed from inspection, photographs, survey and contractor pricing. Prioritise structure, roof/damp, services, heating/electrics, windows, kitchens/bathrooms, decoration and external works only where relevant to this specific property.

Rental Value

Low / Base / High Investment Scenario

BTL Analysis

The stated/current income produces a headline gross yield shown above. Verify tenancy status, service charges, ground rent, licensing and management costs before relying on net yield.

BRRR Analysis

At the HB base value screen of £70,000, a 75% refinance is approximately £52,500 before lender criteria. Compare this with the full project cost, not guide price alone.

Flip Analysis

HB base screen £70,000 less guide £55,000 and works £5,000 gives a gross pre-cost spread of £10,000 before buyer fee, SDLT, legal, finance, holding, contingency, selling costs and tax.

Maximum Bid Indicator

Maximum bid should be calculated from verified end value/income less works, the lot-specific Venmore buyer fee, legal/professional fees, finance, holding, contingency, selling costs and required profit/return. SDLT is buyer-specific and is not included in this screening.

Strategy Recommendation

Select between income hold, BRRR or refurbishment/resale only after survey, legal-pack and comparable checks confirm the assumptions.

Strategy Rating

BTL: ★★★★☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆

Key Risks

Lease length, ground rent, service charge and lender acceptability, listed-building constraints, legal-pack special conditions, condition/survey, finance and valuation risk.

Analysis Confidence

Medium for facts reproduced from Venmore’s particulars; low-to-medium for HB desktop works/value screens until inspection, legal-pack review, direct sold/rental comparables and contractor/QS pricing are completed.