FLIP · Property AnalysisInvestment appraisal for Bold Street, Runcorn WA7. Target: 2-bed terraced flip.
This property presents a viable "light-touch" flip opportunity. The current asking price of £120k is too high for a strong return; success relies on negotiating down to £105k. The property is structurally sound but cosmetically dated, requiring a focus on modernising the aesthetics to achieve a competitive exit price of £135k in the Runcorn market.
The local Runcorn market for 2-bed terraces is active. Recent sales for similar homes confirm a ceiling price around £130k-£135k for high-finish properties. The subject property has a solid floorplan (approx. 68sqm) but requires a comprehensive "polish" to appeal to the first-time buyer market.
| Metric | Value |
|---|---|
| Estimated Resale Value (ARV) | £135,000 |
| Confidence Level | High (Strong local comp data) |
Listing indicates "No onward chain delay," a critical factor for a fast flip. The listing is marketed to "Investors/FTB," suggesting the seller wants a swift, uncomplicated exit. This increases the probability of negotiating the price below the £120k asking.
The primary risk is the limited ceiling price in the immediate vicinity. Over-capitalising on the renovation will erode profit margins quickly. Market stability in Runcorn is reliable for this price point, mitigating downside risk.
Certainty: 1%. Reconfiguration is not recommended. The property layout is tight (68sqm); creating a 3rd bedroom would significantly compromise the living room size, reducing overall market value.
Strategy: Mid-range cosmetic refresh. Prioritize kitchen and flooring to maximize "show home" appeal.
Weeks: 4 || Months: 1
Proceed with aggressive negotiation. The deal is only profitable if purchased near £105k. Avoid if the price is fixed at £120k.
The property at Bold Street is a standard, low-risk terrace. Because of the limited ceiling price in the area, you cannot overspend on renovation. Your strategy must be speed and cosmetic impact: new floors, fresh white paint, updated handles, and a tidy garden. If you can secure the purchase for £105,000, the 10.7% ROI is acceptable given the low structural risk. However, you must carefully inspect the garden/rear wall for signs of damp (as noted in images) to ensure your £10k budget is sufficient. If inspection reveals major structural damp, walk away, as it will eat your profit margin.