Apt 44, 16 Crosby Road North, Liverpool, Merseyside

Description

A spacious two bedroom apartment situated on the fifth floor of a residential development on Crosby Road North, Waterloo, extending to approximately 614 sq ft. The property may appeal to investors, landlords or owner occupiers looking for an apartment in a convenient location. Externally the property benefits from a parking space.

Accommodation

A generous open plan lounge/kitchen diner, two well proportioned bedrooms, a shower room and a separate utility area, offering a practical layout with distinct living and dining spaces.

Location

Situated in the popular Waterloo area, the property is well placed for access to local shops, cafés, restaurants and leisure facilities. Waterloo train station provides connections to Liverpool city centre, while the nearby coastline and Crosby Beach offer opportunities for seaside walks and outdoor recreation.

Tenure / Property Information

Investment Analysis

Completed sales supplied for 16 Crosby Road North range from £40,000 to £177,450, but none is identified as Apt 44. The evidence is therefore highly variable and not sufficiently unit-specific for a firm valuation. A base GDV of £100,000 uses the supplied £100,000 comparable as the central reference, with a low scenario of £68,000 and high scenario of £177,450. The £177,450 result is an outlier relative to the other sales and should not be relied upon without unit and specification confirmation.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying Apt 44-specific sale evidence, lease terms, service charges, building liabilities and a rental appraisal. On the supplied evidence alone, avoid bidding on a BTL, BRRR or flip basis.

Works Required

No specific defects or refurbishment works are evidenced. The apartment is described as having a lounge/kitchen diner, two bedrooms, shower room and utility area. EPC E may indicate potential energy-efficiency improvement, but no costed works should be assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £100,000 base GDV, a 75% refinance is £75,000. A complete BRRR calculation cannot be made because refurbishment costs, lease and building charges, finance costs, rent and total acquisition costs are unsupported. The supplied GDV evidence is also not specific to Apt 44.

Buy-to-Let Analysis

BTL appraisal cannot establish rent or gross yield because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Lease length, service charge, ground rent, council tax and other holding costs are also absent. The £3,600 admin charge is payable on exchange, with further possible auction and legal charges.

Flip Analysis

A flip surplus cannot be calculated reliably. The base GDV is £100,000, but works, selling costs and complete acquisition costs are unsupported. The comparable range is wide and relates to the building/address rather than a confirmed identical apartment.

Investor Risks & Due Diligence

• Comparable sale prices are highly variable, ranging from £40,000 to £177,450, and are not confirmed as sales of Apt 44.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Lease length, ground rent, service charge and other leasehold liabilities are not supplied.

• EPC is rated E, but the required improvement scope and cost are unknown.

• The £3,600 non-refundable admin charge is known, while further buyer, legal, search, seller-cost reimbursement, transfer and disbursement charges may apply.

• The property is on the fifth floor and building-level condition or management information is not supplied.

Recommendation

Proceed only after verifying Apt 44-specific sale evidence, lease terms, service charges, building liabilities and a rental appraisal. On the supplied evidence alone, avoid bidding on a BTL, BRRR or flip basis.

Strategy Rating

Analysis Confidence

The property description and several completed sales are supplied, but the sales are not confirmed as Apt 44, rental evidence is absent, and lease, service-charge, works and additional cost information is incomplete.