72 Makin Street, Liverpool, Merseyside

Description

A leasehold mid terrace house comprising: Entrance hall, lounge, kitchen, two bedrooms and bathroom. There is a yard to the rear.

Accommodation

Entrance hall, lounge, kitchen, two bedrooms and bathroom; rear yard. Measurements: Lounge/dining room - 3.36m x 8.05m; Kitchen - 2.49m x 3.08m; Bedroom 1 - 2.69m x 4m; Bedroom 2 - 3.33m x 4.24m; Bathroom - 2.5m x 3.06m.

Location

Situated within a popular residential area of Liverpool, conveniently located close to local amenities, schools and transport links, with access to the city centre and surrounding areas.

Tenure / Property Information

Investment Analysis

The only supplied comparable sold for £62,500 in October 2020, below the £70,000 guide and too dated to establish a current market value. No current valuation evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect condition, confirm lease terms and obtain current sales and rental evidence before proceeding.

Works Required

No specific defects or refurbishment requirements are evidenced. Inspection and legal-pack review are required before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be modelled because current GDV, rent and refurbishment costs are unsupported. The lease has 99 years from 6 October 2010, implying an estimated remaining term of approximately 83 years at the analysis date, subject to title confirmation.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. At the £70,000 guide, known buyer premium and minimum administration charge total £4,850 before any disbursements or other legal-pack costs.

Flip Analysis

A flip appraisal cannot be established from one dated 2020 comparable, with no current GDV, condition assessment, works budget or selling-cost allowance supplied.

Investor Risks & Due Diligence

• The only comparable is dated October 2020 and may not reflect current value.

• No sufficiently specific rental evidence is supplied.

• Property condition and refurbishment requirements are unknown.

• Leasehold legal terms, charges and remaining-term details require legal-pack confirmation.

• Additional disbursements and special-condition costs may be payable.

Recommendation

Do not bid on the current evidence alone. Obtain the legal pack, inspect condition, confirm lease terms and obtain current sales and rental evidence before proceeding.

Strategy Rating

Analysis Confidence

Only one dated sold comparable is supplied; there is no current rental evidence, condition assessment, refurbishment budget or current valuation evidence.