Apartment 16 Briton Court, Liverpool, Merseyside, L32 6SZ

Description

A vacant leasehold ground floor flat comprising: hall, Lounge, kitchen, two bedrooms and bathroom. Parking and communal gardens.

Accommodation

Hall, lounge, kitchen, two bedrooms and bathroom. Lounge: 3.59m x 3.99m; Kitchen: 2.38m x 4.19m; Bedroom 1: 2.02m x 3.52m; Bedroom 2: 2.76m x 3.5m; Bathroom: 1.66m x 1.98m.

Location

Situated just off Moorgate Road North and junction 4 M57 and just a few minutes’ drive from the centre of Kirby. Close to local shops and schools with good transport links to Liverpool, Prescot and St Helens.

Tenure / Property Information

Investment Analysis

The strongest evidence is a £56,000 completed sale at Briton Court in March 2025, with earlier same-development sales at £39,999–£40,000. The £50,000 guide is below the latest comparable but the evidence does not establish the flat's condition, exact specification or sale comparability. A base GDV of £56,000 is used, with an evidenced range of £39,999–£56,000. Rental evidence is broad Liverpool asking-rent data from different areas and is not a reliable valuation of this L32 property.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal, lease and physical inspection, with a strict bid limit based on confirmed works, service charges and resale evidence. At the guide, the margin against the latest comparable appears limited before unknown costs.

Works Required

No specific refurbishment works are evidenced. Inspection should establish condition before budgeting; only evidenced acquisition costs are the £1,500 buyer premium and the £3,600 minimum administration charge at the £50,000 guide.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £56,000 base GDV, a 75% refinance figure would be approximately £42,000. Total project cost cannot be calculated because refurbishment costs, legal costs, searches, transfer fees and other auction costs are unknown. BRRR viability is therefore unconfirmed.

Buy-to-Let Analysis

The supplied asking-rent evidence ranges from £360 to £750 pcm, but it relates to other Liverpool locations and is not achieved rent. A dependable property-specific rent or yield cannot therefore be established. The flat is vacant and has two bedrooms, but service charge, ground rent and other holding costs are not supplied.

Flip Analysis

The £56,000 base GDV is supported by the latest same-development completed sale, but resale surplus cannot be calculated because works, purchase-related costs beyond the stated minimum charges and selling costs are not fully evidenced. The £50,000 guide plus the £1,500 premium and £3,600 minimum administration charge already totals £55,100 before other costs or works.

Investor Risks & Due Diligence

• Unknown physical condition and refurbishment requirement.

• Leasehold service charge and ground rent are not supplied.

• Additional auction, legal, search, transfer and seller-cost charges may apply.

• Rental evidence is advertised asking rent from different Liverpool locations, not achieved local rent.

• Vacant possession means there is no evidenced passing rent.

• The latest comparable is only £56,000, leaving limited apparent headroom at the £50,000 guide before costs.

Recommendation

Proceed only subject to legal, lease and physical inspection, with a strict bid limit based on confirmed works, service charges and resale evidence. At the guide, the margin against the latest comparable appears limited before unknown costs.

Strategy Rating

Analysis Confidence

There is a recent same-development sale and clear auction pricing, but condition, service charge, ground rent, full acquisition costs, local achieved rent and selling costs are not supplied.