Flat 245 Queensland Place, Queensland Street, Liverpool, Merseyside, L7 3HD

Description

A Vacant Second Floor Studio Flat. The property comprises a second floor studio flat situated within a purpose built building arranged over ground and five upper floors. The building benefits from communal ancillary areas.

Accommodation

Second Floor: Studio Room; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Crown Street Park are within easy reach. Transport links are provided by Edge Hill rail station.

Tenure / Property Information

Investment Analysis

The two supplied leasehold flat sales in the same postcode are materially divergent (£49,950 and £244,750) and provide no size, condition, floor, service-charge or exact comparability detail. They are therefore insufficient to establish a reliable GDV. The £1,014 pcm listing is an advertised asking rent for one-bedroom flats in Liverpool City Centre, whereas this property is described as a studio in L7; it should not be treated as a reliable achieved rent or direct rental valuation. The £5,000 guide is subject to an £1,800 inc VAT administration charge, unspecified buyer premium and possible further disbursements.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after inspection and legal-pack review establish the flat’s condition, lease liabilities, service charges, buyer fees and resale/rental value.

Works Required

No physical defects or required works are identified in the supplied evidence. Obtain and review the legal pack, inspect the studio and bathroom, and verify lease, service-charge, major-works and management information before budgeting any works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten from the supplied evidence because GDV, refurbishment cost, dependable rent, service charges and finance costs are unavailable. The known guide plus £1,800 administration charge is already £6,800 before any buyer premium, disbursements or works, but total acquisition cost remains uncertain.

Buy-to-Let Analysis

A BTL yield cannot be established reliably. The only rental evidence is an advertised £1,014 pcm asking rent for one-bedroom flats in Liverpool City Centre, not an achieved rent and not clearly comparable with this vacant second-floor studio. Service charge, ground rent, council tax, insurance and other operating costs are also unspecified.

Flip Analysis

A flip surplus cannot be calculated. The comparable sales are too inconsistent and insufficiently detailed to support a GDV, while refurbishment requirements and selling costs are unknown. Resale viability should not be assumed from the £5,000 guide.

Investor Risks & Due Diligence

• The two supplied sold comparables are materially inconsistent and lack sufficient property detail.

• The rental evidence is an advertised asking rent for one-bedroom city-centre flats and may not apply to this studio.

• Buyer premium and possible legal, search, seller-cost reimbursement, transfer and other disbursement charges are unspecified.

• The legal pack may disclose lease, service-charge, ground-rent or major-works liabilities that are not supplied.

• Property condition and any refurbishment requirement are unknown.

• Council tax, EPC, parking and heating information are not supplied.

Recommendation

Do not bid on the current evidence alone. Proceed only after inspection and legal-pack review establish the flat’s condition, lease liabilities, service charges, buyer fees and resale/rental value.

Strategy Rating

Analysis Confidence

Evidence includes tenure, lease length, occupancy, guide and one known administration charge, but lacks condition, service-charge and ground-rent data, reliable directly comparable valuation evidence, achieved rent, EPC and complete auction costs.