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See how verdicts workHouse · CH45 2PH
Under offerReduced £20k (−8%) on 11 JunListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Development Opportunity in a Prime Location!
Situated on Victoria Parade just moments from the Promenade, The Ship Hotel presents a rare investment opportunity with sea air on the doorstep and partial river views from the upper floors.
Arranged over three storeys, freehold included and no chain. Accessed via the right-hand side of The Ship public house, the property is arranged over three floors, beginning at first-floor level.
Internally, the accommodation is currently configured as a multitude of individual rooms with several ad-hoc kitchen and bathroom facilities dispersed throughout.
The building is somewhat dilapidated and requires a comprehensive scheme of renovation, offering purchasers a blank canvas to redesign and reconfigure to modern standards.
The property previously benefited from planning permission for conversion into five self-contained flats, comprising one two-bedroom apartment and four one-bedroom apartments (APP/19/00860).
Whilst this has now lapsed, the precedent offers clear scope for buyers to explore reapplication, subject to the necessary consents.
Once converted and finished to an appropriate specification, projected rental values are anticipated to be in the region of £500pcm for the one-bedroom units and £650pcm for the two-bedroom unit, subject to confirmation based on final layout and finish.
With no outdoor space but an enviable coastal location, this is an ideal opportunity for an investor or developer seeking a substantial project with strong rental demand and the potential to grow a property portfolio in a sought-after setting.
NB. The Ship Public House below is currently tenanted for £17,000pa however the lease is due to end October 2027.
This could be included with the tenants in situ or with vacant possession however the vendor would be expecting in the region of £450,000.
Call the Wallasey office for more information or to arrange your own viewing.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Victoria Parade, New Brighton, Wirral
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