78 Wykeham Street, Liverpool, Merseyside

Description

A Two Bedroom Mid Terrace House. A mid terrace house comprising: Hallway, lounge/dining room, kitchen, two bedrooms and bathroom. Rear yard and street parking.

Accommodation

Hallway, lounge/dining room, kitchen, two bedrooms and bathroom. Lounge: 3.18m x 8.3m; Kitchen: 2.31m x 3.39m; Bedroom 1: 3.45m x 4.27m; Bedroom 2: 2.64m x 4.59m; Bathroom: 2.38m x 2.8m

Location

Situated just off Stanley Road (A567) and approximately five minutes’ drive to the centre of Bootle. Close to local shops and schools with good transport links to Liverpool City centre.

Tenure / Property Information

Investment Analysis

Same-street completed sales include £72,000 in June 2025 and £75,000 in May 2021. A cautious evidence-based GDV range is £65,000–£75,000, with £72,000 as the base case. The approximately 32-year remaining lease is a significant value, mortgageability and resale risk; no lease-extension cost evidence is supplied.

Investment Snapshot

Strategy Recommendation

Do not bid without legal review of the short lease, valuation of extension implications and confirmation of lender acceptability. Subject to those checks, the guide offers apparent rental headroom, but the lease risk dominates.

Works Required

No condition defects or refurbishment requirements are evidenced. Allow for inspection-led repairs and ordinary presentation works only after viewing; costs cannot be estimated from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, known acquisition costs total £48,465 before works and other legal-pack charges. A 75% advance against the £72,000 base GDV would be £54,000, implying £5,535 surplus before finance, tax, works and lease-extension costs. Actual refinancing is highly uncertain because only approximately 32 years remain on the lease.

Buy-to-Let Analysis

The nearby two-bedroom advertised asking rent of £1,000 pcm implies £12,000 annual gross rent. This equates to approximately 26.09% on the £46,000 guide and 24.76% on the guide plus stated buyer premium and administration charge, before repairs, finance, tax, voids and management. The nearby asking rent is not an achieved rent and the short lease may restrict lender and tenant demand.

Flip Analysis

The £72,000 base GDV is supported by the most recent same-street sale, but no works budget, selling costs or lease-extension costs are supplied. A reliable flip surplus therefore cannot be calculated. The short lease is a major resale constraint.

Investor Risks & Due Diligence

• Approximately 32 years remain on the lease.

• Lease-extension premium and associated costs are unknown.

• Mortgageability and refinancing may be restricted by the short lease.

• The £1,000 pcm figure is a nearby advertised asking rent, not an achieved rent for this property.

• Property condition and refurbishment costs are unknown.

• Additional legal-pack disbursements and seller costs may apply.

Recommendation

Do not bid without legal review of the short lease, valuation of extension implications and confirmation of lender acceptability. Subject to those checks, the guide offers apparent rental headroom, but the lease risk dominates.

Strategy Rating

Analysis Confidence

Recent same-street sale and nearby advertised rent are available, but condition, exact rental evidence, lease-extension costs, legal-pack disbursements and finance terms are not supplied.