Apartment 16 Briton Court, Liverpool, Merseyside

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, 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 completed comparable is £56,000 at Briton Court dated 14 March 2025. Earlier same-development evidence is approximately £40,000, including £39,999 in July 2023. A reasonable evidence-based scenario range is £40,000–£56,000, with £56,000 used as the base GDV. The guide is £37,000, but condition, service charge, exact comparable specification and legal-pack costs are not evidenced.

Investment Snapshot

Strategy Recommendation

Proceed only subject to legal-pack review, inspection, service-charge confirmation and rent validation. The guide offers potential value against the latest comparable, but the evidence is insufficient to set a safe maximum bid or confirm a refurb/flip strategy.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a survey and inspect the flat before budgeting works; only evidenced purchase, legal, safety or cosmetic requirements should be costed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £37,000 guide, the stated buyer premium and minimum administration charge add £5,100 before any special-condition costs, works or other expenses. The 75% refinance figure on the £56,000 base GDV is £42,000, but cash left in cannot be calculated because refurbishment costs, service charge, legal-pack charges and total project cost are unknown. BRRR viability therefore requires condition, rent and leasehold-cost verification.

Buy-to-Let Analysis

Advertised two-bedroom rents supplied range from £800 to £1,100 pcm, but these are asking rents from broader Liverpool-area searches rather than achieved rent for this flat. Indicative gross yield on the £37,000 guide is approximately 25.95%–35.68% before ground rent, service charge, management, voids, maintenance, finance and acquisition costs. A reliable net yield cannot be established because the passing/achieved rent and service charge are not supplied.

Flip Analysis

The evidence-supported resale scenario is £40,000–£56,000, with £56,000 as the base GDV. A flip surplus cannot be calculated because refurbishment costs, special-condition charges and selling costs are not supplied. At the guide, the purchase plus stated buyer/admin charges is £42,100 before works and other costs, leaving limited evidenced headroom against the £56,000 comparable.

Investor Risks & Due Diligence

• Leasehold title with approximately 103 years remaining based on the stated 125-year term from 1 July 2005; lease terms and any restrictions require legal review.

• Annual ground rent of £200 is payable, while service-charge and reserve-fund details are not supplied.

• Condition and any required works are not evidenced, preventing a reliable total project cost.

• Rental figures are advertised asking rents and are not achieved or passing rents for this property.

• Special conditions may impose search fees, seller-cost reimbursement, legal fees, transfer fees or other disbursements.

• The comparable sales do not provide flat-specific size, condition or floor-level detail, so exact comparability is unconfirmed.

Recommendation

Proceed only subject to legal-pack review, inspection, service-charge confirmation and rent validation. The guide offers potential value against the latest comparable, but the evidence is insufficient to set a safe maximum bid or confirm a refurb/flip strategy.

Strategy Rating

Analysis Confidence

There are same-development completed sales, rental asking evidence and clear auction charges, but condition, service charge, exact flat comparability, achieved rent, refurbishment cost and special-condition costs are missing.