🏡 Reno Opportunity: £70k Liverpool 2-bed terrace

Hello and welcome to today’s edition of The Reno Hunter newsletter! Today, we’re in Liverpool again for a 2-bed terrace going to auction tomorrow with a guide price of just £70k.

The Property 🏡

• Address: Esher Road, Liverpool, Merseyside, L6 6DF

• Agent: Pattinson Auction

• Listed (Guide) Price: £70k

• Comparable Sales: £116k - £125k (mid-specs)

🌱 🔗 View the property details on Rightmove 🔗 🌱

💡 Why We Like It 💡 

Price Point

At a guide price of £70k, it’s competitively priced, especially given recent comparables on the same street selling for £116k–£125k in mid-spec condition.

Investment Potential

A relatively low refurbishment budget (£15k) paired with a strong resale value (£130k) offers a forecasted ROI of over 21%.

Location Benefits

Situated in a popular area with excellent transport links, proximity to schools, parks, and amenities, ensuring appeal for potential buyers or tenants.

Quick Turnaround Opportunity

With an auction set for Friday and open viewings tomorrow, there's a chance to move swiftly and secure a deal, especially since it previously sold close to the £70k guide price.

📊 Running The Numbers 📊

Here’s how the numbers stack up:

💰 Cost to Buy 💰

• Purchase Price: £70,000

• Stamp Duty (SDLT, assuming second home): £3,500

• Legal Fees: £2,000

• Total Cost to Buy: £75,500

🔨 Cost to Refurb and Hold 🔨

• Refurbishment Budget: £15,000

💷 Cost to Sell and Revenue from Sale 💷

• Agent Fees (1.5% of sale price): £1,950

• Legal Selling Fees: £2,000

• Total Selling Costs: £3,950

• Projected Sale Price: £130,000

📈 Summary 📈

• Total Costs (Buy, Refurb, Hold, and Sell): £94,450

• Profit: £35,550 (Projected Sale Price - Total Costs)

• ROI: 37.64% (Profit / Total Costs)

🛠️ Renovation Plan ⚒️ 

To bring this property to its full potential, here’s what’s needed:

The refurbishment budget of £15,000 includes:

🛠️ Structural repairs (if required)

🖌️ Cosmetic upgrades (painting, flooring/carpets, fixtures)

🫖 New kitchen and bathroom required

🏡 Curb appeal improvements (garden, exterior painting)

Total Estimated Refurb Costs: £15-£20k

🔮 How it could look 🔮 

💡 Final Thoughts 💡

Another one going to auction (this Friday/tomorrow!) so the ROI will be dependent on what you can nick it for.

It does offer way over 30% however if acquired around the auction guide price of £70k.

Mid-spec comparables on the same street is also a very strong sign of value!

Until next time…

Happy hunting,
The Reno Hunter Team

👉 Looking for renovation inspiration? Check out before-and-after renovation ideas on Instagram.

Disclaimer:

All projections are based on provided data and are subject to change. Always conduct your due diligence before proceeding with any property investment.