{"id":"ekN9UVBlcMkt8JaGNcKB","title":"55 Melrose Road, Kirkdale, Liverpool, L4 1UJ","address":"55 Melrose Road, Kirkdale, Liverpool, L4 1UJ","bedrooms":"2","bathrooms":"1","agreed_price":85000,"asking_price":95000,"rent":850,"rightmove_link":"https://www.rightmove.co.uk/properties/94138497","tenure":null,"strategy":"house","yield":12,"yield_total":9.57,"service_charge_pcm":null,"net_rent_pcm":null,"let_as":"family","thumbnail":"https://deals.manchestersourcing.co.uk/photos/55-melrose-road/01.jpg","status":"available","off_market":false,"updated_at":"2026-10-23T13:06:31.285Z","images":["https://deals.manchestersourcing.co.uk/photos/55-melrose-road/01.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/02.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/03.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/04.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/05.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/06.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/07.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/08.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/09.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/10.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/11.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/12.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/13.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/14.jpg","https://deals.manchestersourcing.co.uk/photos/55-melrose-road/15.jpg"],"description":"2 bedroom house, to be fully refurbished before handover, on 55 Melrose Road, Kirkdale, Liverpool, L4 1UJ.\n\nTo be let on a 3-year lease with an established social housing provider at £850 pcm (£10,200 per annum). The provider takes the whole property, so the landlord is not managing individual tenancies.\n\nPurchase £85,000, refurbishment £18,000 + VAT. Yield 9.57% on the purchase price plus the refurbishment.\n\nOn the market at £95,000 — secured £10,000 below the asking price.\n\nMelrose Road is in Kirkdale, north Liverpool, between Stanley Road and the Bootle boundary. It is a few minutes from the docks, about ten from the city centre, and it is the sort of steady rental street the providers take without hesitation.\n\nOn price: this one is bought under the market rather than at it. Two-bedroom terraces within three quarters of a mile average £103,600 on the asking prices, in a range of roughly £80,000 to £120,000. This was asking £95,000 and is secured at £85,000. It is also an end of terrace with a garden plot to the side, which most of the street does not have.\n\nThe trade is the work. It needs modernising throughout — a new kitchen, a rewire, plastering, floors, damp treatment and the roof — £18,000 + VAT, which is a quarter of the purchase price again and considerably more than the cosmetic jobs we usually list. Nothing structural, and nothing that needs building control, but it is a full refurbishment rather than a tidy-up, and the photographs show it as it stands today.\n\nIt is on the market with an agent, so the listing is public. The photographs are our own from the viewing, apart from the shot of the front, and they show the house exactly as it stands rather than dressed for sale.\n\nStamp Duty, legal fees and other acquisition costs are not included and depend on the purchaser's circumstances. Figures are indicative and should be verified before exchange.","video":null,"lease":"3 year lease with an established social housing provider","refurb":21600,"refurb_ex_vat":18000,"refurb_details":"Electrical work, plumbing and heating, plastering, painting, new floor coverings, damp, new kitchen, bathroom updating, garden clearance, roof and project management.","drive_link":"https://drive.google.com/drive/folders/19DBISgQeVOocXAY6ikfTjhHffS9D0dxT?usp=drive_link","mortgage":{"deposit_pct":25,"rate_pct":7.79,"basis":"interest-only","deposit":21250,"loan":63750,"interest_pa":4966,"interest_pm":414,"cash_required_excl_fees":42850,"net_pa":5234,"net_pm":436,"roce_pct_excl_fees":12.21},"funding":{"overseas":{"key":"overseas","label":"Buying from overseas","lender":"a specialist lender that funds overseas investors on social housing leases","deposit_pct":25,"ltv_pct":75,"rate_pct":7.79,"fixed_years":5,"basis":"interest-only","deposit":21250,"loan":63750,"refurb_incl_vat":21600,"stamp_duty":5950,"stamp_duty_pct":7,"purchase_costs":2350,"money_in_excl_fees":51150,"all_in_excl_fees":114900,"yield_all_in_pct":8.88,"interest_pa":4966,"interest_pm":414,"net_pa":5234,"net_pm":436,"return_on_money_in_pct":10.23},"uk":{"key":"uk","label":"Buying as a UK investor","lender":"a mainstream buy-to-let lender","deposit_pct":25,"ltv_pct":75,"rate_pct":6,"fixed_years":null,"basis":"interest-only","deposit":21250,"loan":63750,"refurb_incl_vat":21600,"stamp_duty":4250,"stamp_duty_pct":5,"purchase_costs":2350,"money_in_excl_fees":49450,"all_in_excl_fees":113200,"yield_all_in_pct":9.01,"interest_pa":3825,"interest_pm":319,"net_pa":6375,"net_pm":531,"return_on_money_in_pct":12.89}}}