Apartment 19, Willow Rise, Roughwood Drive, Liverpool L33 8WZ

Description

A well proportioned one bedroom third floor apartment comprising Living Room and Kitchen area with French doors to outdoor balcony, hallway with one bedroom, and a bathroom with shower. The property is sold subject to a prohibition order. The property is not intended for residential use currently and cannot be lived in or used as a permanent dwelling; residential use is strictly prohibited.

Accommodation

Living Room and Kitchen area with French doors to outdoor balcony, hallway with one bedroom, and a bathroom with shower.

Location

Situated on Willow Rise, Roughwood Drive, in the popular Kirkby area of Liverpool, well positioned for access to a wide range of facilities and amenities, along with excellent transport links to the wider area and City centre itself.

Tenure / Property Information

Investment Analysis

Completed sales at the same address range from £32,000 to £45,000, including £40,000 in July 2023. These provide indicative residential evidence only; comparability is uncertain because this property is subject to a prohibition order and cannot currently be used as a permanent dwelling.

Investment Snapshot

Strategy Recommendation

Do not bid unless the prohibition order, lawful use, resaleability, lease terms, lender acceptability and all legal-pack costs are satisfactorily resolved.

Works Required

No physical defects or refurbishment requirements are supplied. The key requirement is resolving the prohibition on residential use; legal, planning and lender acceptability must be confirmed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is unsuitable on the supplied evidence. Although 75% of the indicative £40,000 GDV is £30,000, refinanceability and lawful residential use are unresolved, while refurbishment and total project costs are unknown.

Buy-to-Let Analysis

BTL cannot currently be assessed as viable because permanent residential use is expressly prohibited and no sufficiently specific rental evidence or auctioneer rent estimate is provided.

Flip Analysis

Historical same-address sales indicate £32,000–£45,000, but a conventional residential resale cannot be relied upon while the prohibition order remains. Unknown legal, selling, disbursement and project costs prevent a surplus calculation.

Investor Risks & Due Diligence

• Residential use is strictly prohibited and the property cannot currently be occupied as a permanent dwelling.

• Resale, mortgage and refinanceability may be restricted by the prohibition order.

• No rental evidence or auctioneer rent estimate is provided.

• Unknown disbursements, seller costs, legal fees, search fees and transfer fees may be payable.

• No condition survey or refurbishment cost evidence is supplied.

• Leasehold obligations and remaining lease terms require legal-pack review.

Recommendation

Do not bid unless the prohibition order, lawful use, resaleability, lease terms, lender acceptability and all legal-pack costs are satisfactorily resolved.

Strategy Rating

Analysis Confidence

Same-address completed sales are available, but the prohibition order, rental evidence, condition, disbursements, lease details and lawful future use are unresolved.