Flat 5, 3 Stanley Road, New Ferry, Birkenhead, Wirral

Description

A two bedroom first floor flat. In need of modernisation. Vacant. The key features describe the property as a two bedroom second floor flat, while the accommodation is stated as second floor.

Accommodation

Second Floor - Entrance Hallway, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC.

Location

Birkenhead is a town in Merseyside. Located on the south side of Stanley Road, accessed off New Chester Road. Amenities are available nearby at New Chester Road with a wider range available within Birkenhead town centre. Recreational amenities of New Ferry Park and Port Sunlight Park. Transport: Green Lane - Merseyrail; Rock Ferry - Merseyrail.

Tenure / Property Information

Investment Analysis

The £25,000 guide is the only supplied purchase indicator. No HM Land Registry completed sales or auctioneer valuation are provided, so GDV and market value cannot be reliably estimated. The only rental evidence is an advertised £425 pcm asking rent for two-bedroom houses in Rock Ferry, which is not sufficiently comparable to this vacant flat to support a subject-rent estimate. The approximately £771.47 pcm service charge is a significant cost and includes a sinking-fund payment.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after reviewing the legal pack, confirming the lease and service-charge obligations, inspecting the flat and obtaining evidence for value, rent and refurbishment costs.

Works Required

Modernisation of the flat is required, but the evidence does not specify the scope, condition of individual elements or a reliable works budget. Obtain a survey and legal-pack information before pricing works.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is unsupported because there is no reliable GDV, subject rent, refurbishment budget or complete acquisition-cost schedule. The new 999-year lease is potentially helpful, but the lease terms and service-charge liabilities require legal-pack review.

Buy-to-Let Analysis

BTL viability cannot be established from the supplied evidence. The £425 pcm figure is an advertised asking rent for two-bedroom houses, not achieved rent for this flat. The approximately £771.47 pcm service charge alone is substantial, while buyer fees, works and other costs are unspecified.

Flip Analysis

A flip surplus cannot be calculated because there are no completed sale comparables, GDV, quantified works allowance, buyer fee or supported selling-cost allowance. Modernisation is stated, but its scope is unquantified.

Investor Risks & Due Diligence

• No completed sales evidence or reliable GDV is supplied.

• The advertised £425 pcm rent relates to two-bedroom houses, not this flat, and is an asking rent rather than achieved rent.

• Service charges are approximately £771.47 per month, including a large sinking-fund payment for planned future works.

• Buyer fee is unspecified, preventing a complete acquisition-cost calculation.

• The flat needs modernisation, but the scope and cost are not supplied.

• The description contains conflicting first-floor and second-floor references.

• The lease and service-charge terms require review of the legal pack.

• EPC rating E may affect lettability or future improvement requirements.

Recommendation

Do not bid on the current evidence alone. Proceed only after reviewing the legal pack, confirming the lease and service-charge obligations, inspecting the flat and obtaining evidence for value, rent and refurbishment costs.

Strategy Rating

Analysis Confidence

Evidence is incomplete: no completed comparables, no subject-specific rent, no refurbishment budget, unspecified buyer fee, incomplete property details and significant service-charge exposure.