Flat 8 (FFF) 123-125, Grange Road West, Prenton, Merseyside

Description

Leasehold first floor flat.

Accommodation

One bedroom, reception room, kitchen, bathroom/WC.

Location

Located on Grange Road West. Local shopping amenities are available, with further shops, bars and restaurants in Birkenhead Town Centre and Liverpool City Centre. Public transport links are available at Birkenhead Central and Conway Park, along with local bus services. Road links include the A552 and A554. Birkenhead Park is nearby.

Tenure / Property Information

Investment Analysis

The latest supplied HM Land Registry sale at the same building/address was £107,000 on 9 July 2026, but the evidence does not identify the flat number, lease length, condition or specification. Earlier sales at the same address were £38,000, £39,000, £49,000 and £46,000 between 2017 and 2020. This creates a very wide evidence range, so £107,000 is used as an indicative base GDV only, not a formal valuation. The 80-year lease, ground rent and any service-charge position require legal-pack confirmation.

Investment Snapshot

Strategy Recommendation

Do not bid on the current evidence alone. Proceed only after confirming that the £107,000 sale relates to a comparable flat, reviewing the legal pack and lease, and establishing condition, charges, seller fees and a supported rental valuation.

Works Required

No physical defects or refurbishment requirements are evidenced. Obtain and review the legal pack, confirm the lease terms, ground rent, service charge and seller fees, and inspect the flat before bidding. No refurbishment allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the latest same-address sale as an indicative £107,000 GDV gives a theoretical 75% refinance figure of £80,250. However, the comparable is not confirmed as this specific flat, and refurbishment costs, lease costs, service charges, seller fees and finance costs are unknown. Cash left in and BRRR viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL cannot be properly assessed because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, rental coverage and maximum bid cannot therefore be established. The £1,800 buyer administration charge and potentially additional seller fees would also reduce returns.

Flip Analysis

A flip assessment is not reliable. The latest same-address sale supports an indicative £107,000 reference point, but earlier same-address sales were materially lower and the sold unit is not confirmed as Flat 8. Works costs, acquisition costs beyond the £1,800 administration charge, seller fees and selling costs are incomplete, so no surplus can be calculated.

Investor Risks & Due Diligence

• The latest £107,000 sale is not confirmed as Flat 8 and may not be directly comparable.

• The 80-year lease may affect value, mortgageability and resale; lease details are awaited.

• Ground rent is unknown and service-charge information is not supplied.

• No reliable rent evidence is available, preventing yield and BTL analysis.

• Condition and refurbishment requirements are unknown.

• Additional seller fees may be payable on completion and are unspecified.

• The £1,800 buyer administration charge is payable, with other acquisition costs not supplied.

Recommendation

Do not bid on the current evidence alone. Proceed only after confirming that the £107,000 sale relates to a comparable flat, reviewing the legal pack and lease, and establishing condition, charges, seller fees and a supported rental valuation.

Strategy Rating

Analysis Confidence

There is recent completed-sale evidence at the same address and clear tenure/accommodation information, but the comparable is not unit-specific and rental, condition, lease-cost, service-charge and seller-fee evidence is incomplete.