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Flat 5, 1-3 Wright Street, Southport, Merseyside PR9 0TL
Marketed by:
BTG Eddisons
340 Deansgate, Manchester M3 4LY, UK
0345 646 2288
Apartment Investment – Southport
Flat 5, 1-3 Wright Street, Southport, Merseyside PR9 0TL
For Sale
£40,000+
Key Features
Apartment Investment
Located in Southport
Guide price £40,000+
Status: For Sale
Description
Description A one bedroom second floor flat benefiting from UPVC and timber framed double glazed windows and electric heating. The property is centrally located in Southport, being opposite Southport Station and within walking distance of all town centre amenities.
The property requires some decorative refurbishment, is offered with vacant possession and would be ideal for an owner-occupier or investor.
Accommodation Ground Floor: Communal Entrance Second Floor: Entrance Hall Kitchen: 2.74m x 2.88m Living Room: 3.74m x 3.99M Bedroom: 2.47m x 3.06m Bathroom: 1.43m x 3.03m Tenure Leasehold Occupancy Vacant possession upon completion
Investment Analysis
Investment Snapshot
| Guide Price | £40,000+ |
| Refurbishment / Works Budget | £30,500–£53,000 |
| Purchase + Works | £70,500–£93,000 |
| Estimated GDV | £81,000 low / £88,000 base / £95,000 high |
| Estimated Private Rent | £568 pcm |
| Potential Annual Rent | £6,816 pa |
| Gross Yield on Guide | 17.0% |
| 75% Refinance – Base GDV | £66,000 |
| Approx. Capital Left In | £21,290 |
| Indicative Flip Surplus | £-1,340 |
Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.
Market Comparables
HB 5-mile market proxy: comparable local sale/asking evidence supports a working post-works midpoint around £88,012
Low case set 8% below midpoint (£81,000) to reflect condition/comparable uncertainty
High case set 8% above midpoint (£95,000) for a strong investor-standard finish
HB estimated GDV: £81,000 low / £88,000 base / £95,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.
Proposed Works
| Strip-out/preliminaries | £2,000–£3,500 |
| Kitchen | £6,000–£9,000 |
| Bathroom | £4,000–£6,000 |
| Electrical remedials | £2,500–£5,000 |
| Heating/plumbing | £2,500–£5,000 |
| Plastering | £2,500–£5,000 |
| Flooring | £2,500–£4,500 |
| Decoration | £3,000–£5,000 |
| External/joinery | £2,000–£4,000 |
| Contingency | £3,500–£6,000 |
| Total | £30,500–£53,000 |
The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.
Rental Value
Working market rent is approximately £568 pcm (£6,821 pa). For scenario testing, use roughly £523 / £568 / £614 pcm for low/base/high cases. This is an indicative market-rent estimate and should be read alongside any passing tenancy stated by the auctioneer.
Low / Base / High Investment Scenario
| Low | Base | High | |
| Purchase | £40,000 | £40,000 | £40,000 |
| Works | £53,000 | £41,750 | £30,500 |
| GDV | £81,000 | £88,000 | £95,000 |
| Rent pcm | £523 | £568 | £614 |
| 75% refinance | £60,750 | £66,000 | £71,250 |
Buy-to-Let
Base rent £568 pcm gives 17.1% gross yield on guide and 8.3% on guide plus midpoint works. These are gross yields before voids, repairs, management, insurance and finance.
BRRR Analysis
Guide £40,000 + midpoint works £41,750 + auction fee allowance £720 + legal/valuation £1,500 + indicative six-month bridge/arrangement cost £1,820 + holding allowance £1,500 gives a pre-SDLT all-in cost of approximately £87,290. At base GDV £88,000, a 75% refinance is £66,000, leaving approximately £21,290 capital in before SDLT. Low/high refinance outcomes are £60,750 / £71,250.
Flip Analysis
Using base GDV £88,000, pre-SDLT all-in cost £87,290 and selling/legal allowance £2,050, indicative pre-tax/pre-SDLT flip surplus is £-1,340. That is approximately -1.5% profit on cost and -1.5% of GDV. A 5% sale-price reduction and 15% works overrun should be stress-tested before bidding.
Maximum Bid Indicator
For an indicative 15% pre-tax profit-on-cost target before SDLT, the desktop purchase ceiling is approximately £33,952. This is a screening figure, not a formal valuation or bidding recommendation.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★☆☆☆
Key Risks
Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.
Auction Details :
BTG Eddisons
Auction Date :
29/09/26
Lot Number :
021
Property Location:
Flat 5, 1-3 Wright Street, Southport, Merseyside PR9 0TL
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