# 2 bedroom apartment for sale (CH42 4PE)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 4, THE GRANGE, 506, OLD CHESTER ROAD, BIRKENHEAD, MERSEYSIDE CH42 4PE |
| Price | £55,000 |
| Bedrooms | 2 |
| Last sold | £56,500 Aug 2018 |

## Description

Modern ground floor accommodation, newly redecorated with 2 double bedrooms, large family bathroom with a shower over the bath. Gas Central heating, large lounge. Kitchen has gas hob. electric oven, washer/dryer and fridge/freezer. Off road parking. Close to all major transport routes. Ideal investment property or first home. Please call 0151 645 3392 for more details.

## Property Photos

- ![Photo](/listings/photos/70346366/378704)
- ![Photo](/listings/photos/70346366/378705)
- ![Photo](/listings/photos/70346366/378706)
- ![Photo](/listings/photos/70346366/378707)
- ![Photo](/listings/photos/70346366/378708)
- ![Photo](/listings/photos/70346366/378709)
- ![Photo](/listings/photos/70346366/378710)
- ![Photo](/listings/photos/70346366/378711)
- ![Photo](/listings/photos/70346366/378712)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| THE GRANGE, 506 FLAT 4 OLD CHESTER ROAD, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4PE | £56,500 | 17/08/2018 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 22 FLAT 2 FARLOW ROAD, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4PL | £68,800 | 03/11/2025 | Flat |
| 53 EGERTON PARK, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4RD | £205,000 | 30/03/2023 | Flat |
| 36A HIGHFIELD CRESCENT, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 2DR | £102,000 | 30/06/2022 | Flat |
| 8 DEVON GARDENS, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4RF | £85,000 | 29/06/2022 | Flat |
| 562A OLD CHESTER ROAD, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4PF | £45,625 | 13/06/2022 | Flat |
| [Same street] THE GRANGE, 506 FLAT 3 OLD CHESTER ROAD, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4PE | £61,000 | 29/04/2022 | Flat |
| SPENSER LODGE FLAT 13 SPENSER AVENUE, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 2DW | £39,751 | 08/04/2022 | Flat |
| 78 FLAT D EGERTON PARK, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4RB | £110,000 | 04/01/2022 | Flat |
| 50A GREEN LAWN, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 2DZ | £110,000 | 16/12/2021 | Flat |
| 55 FIRST FLOOR FLAT EGERTON PARK, BIRKENHEAD, WIRRAL, MERSEYSIDE, CH42 4RD | £99,000 | 02/11/2021 | Flat |

**Street average:** £61,000 (1 sale)
**Area average:** £96,131 (9 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £92,271 (14 Flat, CH42, 2024–2026)
- **Deviation:** -40.4%

## Rental Range

*ONS Price Index of Private Rents (Wirral). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £752/mo
- **Realistic:** £835/mo
- **Optimistic:** £919/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Wirral (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £524/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Old Chester Road, CH42 | £995/mo | 2 | 0.1 miles | OpenRent |
| 2 Bed Terraced House, Beaconsfield Road, CH62 | £850/mo | 2 | 1.16 miles | OpenRent |

**Average rent: £923/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 1.68% (strong)
- **Max investor price (0.8%):** £115,375
- **Target investor price (1%):** £92,300

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £923/mo).*

- **Gross yield:** 20.1%
- **Cost-to-rent:** 5×
- **Monthly cashflow:** £589/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 44.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 97.7%
- **10y growth:** 5.6%

## House Price Index (HM Land Registry)

*Official index for Wirral; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** 1.7%
- **5y growth (index):** 10.7%
- **10y growth (index):** 40.2%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)