Apartment 43, 94-96 Wood Street, Liverpool, Merseyside, L1 4DQ

Description

A Three Bedroom Apartment. A leasehold duplex apartment comprising: Hall, Open plan lounge / kitchen area, master bedroom with en-suite, two bedrooms and bathroom.

Accommodation

Hall; open plan lounge/kitchen area; master bedroom with en-suite; two bedrooms; bathroom. Measurements: Lounge/kitchen - 3.45m x 5.05m; Bedroom 1 - 2.45m x 3.35m; Bedroom 2 - 3.46m x 5.18m; Bedroom 3 - 3.28m x 3.93m; Bedroom 3 En suite - 1.71m x 2.37m; Shower room - 1.32m x 2.14m.

Location

Located just a few minutes’ walk from the centre of Liverpool, Chinatown and Liverpool One shopping centre.

Tenure / Property Information

Investment Analysis

The available completed sales range from £51,000 to £113,000, but the evidence does not identify the individual apartments, bedroom counts, sizes, condition, lease terms or transaction comparability. The £113,000 sale is at 80 Wood Street rather than the subject address. A reliable subject-specific GDV or maximum bid cannot therefore be established. At the £100,000 guide, the known buyer premium and administration charge add £4,250 before any other legal, search, seller-cost or transfer disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence. Obtain and review the legal pack, lease term, service-charge and ground-rent information, confirm the comparable apartment details, inspect condition and establish supported rent before considering the property.

Works Required

No physical defects or refurbishment requirements are evidenced. Budget for inspection and legal due diligence only; any works allowance remains unsupported until the property and legal pack are reviewed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not supportable on the supplied evidence. GDV, rent, refurbishment cost, lease length and ongoing lease costs are unavailable, so refinance proceeds and cash left in cannot be calculated. At the £100,000 guide, the known purchase premium and administration charge total £4,250 before other possible costs.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The lease term, service charge, ground rent and other potentially material lease costs are also not stated.

Flip Analysis

A flip surplus cannot be established. Although completed sales at the address range from £51,000 to £75,000 and a nearby Wood Street sale is £113,000, the comparables are not sufficiently specific to this three-bedroom duplex and no refurbishment or selling-cost evidence is supplied.

Investor Risks & Due Diligence

• Lease length and title details are not stated and must be confirmed from the legal pack.

• No service charge or ground rent information is supplied.

• The completed sales may not be directly comparable because apartment identity, size, bedroom count and condition are not provided.

• No sufficiently specific rental evidence is available.

• Additional search fees, seller-cost reimbursement, legal fees and transfer fees may apply.

• The EPC is rated D.

Recommendation

Do not bid on the current evidence. Obtain and review the legal pack, lease term, service-charge and ground-rent information, confirm the comparable apartment details, inspect condition and establish supported rent before considering the property.

Strategy Rating

Analysis Confidence

The property description and several completed sales are supplied, but the individual comparable characteristics, lease details, rental evidence, condition, refurbishment costs and additional purchase costs are incomplete.