Go back

House For Sale Mill Street, Liverpool, L8

£70,000

Auction Property
1 of
  • Description
  • Street View
  • Maps
We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 14th April 2021

Description


For Sale by Online Auction 7th April 2021

WHY BUY?
Development plot
Lapsed planning 4 x flats
Popular rental area
Close to Liverpool City Centre

DESCRIPTION
This is a large corner plot that has had planning permission to develop to 3 x three bedroom flats and 1 x two bedroom flat. The planning was granted in 2017 and has since lapsed, but the current owner has had positive dialogue with Liverpool City Council planning department if the scheme is resubmitted for approval. There could also be scope to change the plans to develop a large 10-12 bedroom HMO or Apart-Hotel, subject to gaining the relevant planning consents.  

LOCATION
Located in the highly popular residential area of Dingle, the plot is of course visible from the main road of Mill Street, and the corner of Isaac Street, approximately 3 miles from Liverpool City Centre, offering good transport links, shops and restaurants on Aigburth Road, Lark Lane and Park Road. There is a Tesco Megastore within walking walking distance.

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer.  The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.
Agent Details
Venmore
9, Imperial Buildings, Dale Street, Liverpool, L2 2SH
Show Contact Number
0151 236 6746
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
0.0

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£0
Buy To Let or Second Home:
£2,100
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a lower return, when compared to other conservative investments.
0

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this property. See more properties like this.

Property Image
9.2
£79,950
Flat
Yield: 9.76%
ROCI: 27%
Property Image
8.8
£80,000
Flat
Yield: 9.36%
ROCI: 25%
Property Image
8.7
£79,010
Yield: 8.35%
ROCI: 27%
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
This is the potential achievable yield.
Potential Return-on-Cash Invested