3 Bed Flat, Single Let, Thornton-Cleveleys, FY5 1EF, £166,500

Beach Road, Thornton-Cleveleys, FY5 1EF - 4 views - 3 years ago

BTL
ROI: 3%
~67 m²
+3 photos

ValuationOvervalued

Sold Prices£70K - £283K
Sold Prices/m²£1.2K/m² - £1.8K/m²

 

 

Square Metres

~67.20 m²
Price/m²£2.5K/m²

Value Estimate

£119,089

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,625

Stamp Duty & Legal Fees

£6,195

Total Cash In

£47,820

 

 

Cash Out

 

Rent Range

£700 - £1,200

Rent Estimate

£800

Running Costs/mo

£700

Cashflow/mo

£100

Cashflow/yr

£1,196

ROI

3%

Gross Yield

6%

Local Sold Prices

12 sold prices from £70K to £283K, average is £103.5K. £1.2K/m² to £1.8K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£170K04/210.49 mi310, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE3
£140K06/221.46 mi131, Fairway, Fleetwood, Lancashire FY7 8RA3
£283K01/211.52 mi2, Briar Mews, Thornton-cleveleys, Lancashire FY5 4NH3
£80K06/232.05 mi24, Kilmory Place, Bispham, Blackpool FY2 0XS3
£115K01/232.13 mi103, Chatsworth Avenue, Fleetwood, Lancashire FY7 8EN3
£75K04/232.65 miFlat 55, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY3
£79K05/232.67 mi29, Linden Place, Blackpool FY2 0QZ3
£75K05/232.68 mi32, Edmonton Place, Blackpool FY2 0UT3
£94K02/212.72 miFlat 14, Duchess Court, Queens Promenade, Blackpool FY2 9PR3
£70K06/212.72 miFlat 20, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR3
£113K09/212.79 miFlat 9, Queens Court, Queens Promenade, Blackpool FY2 9PG3
£129.3K10/222.79 miFlat 22, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG3

Local Rents

19 rents from £700/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£82504/240.18 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.18 miCumberland Avenue, Thornton-Cleveleys3
£97504/240.2 miStockdove Way, Thornton-Cleveleys3
£1,00003/250.2 mi-3
£75804/240.24 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£99504/240.32 miRossall Road, Thornton Cleveleys3
£85004/240.33 mi-3
£90005/240.36 mi-3
£80004/240.4 miElms Avenue, Thornton-Cleveleys3
£90001/250.43 mi-3
£80004/240.43 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£70004/240.46 miVictoria Road West3
£1,20005/240.54 miQueensbury Road, Thornton-Cleveleys3
£90104/240.55 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£99504/240.61 mi-3
£99504/240.61 mi-3
£89504/240.61 mi-3
£99504/240.61 mi-3
£99504/240.61 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.09 miles away

Nearest school

0.10 miles away

Nearest train station

3.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £166,500

September 16, 2024

Listed for £169,950

August 17, 2022

Floor Plans

Description

  • IDEAL FOR INVESTORS +
  • LOCATED WITHIN SHORT DISTANCE OF CLEVELEYS +
  • SHORT DISTANCE TO THORNTON-CLEVELEYS PROMENADE +
  • CLOSE TO CLEVELEYS CENTRE FOR ALL AMENITIES +
  • AMAZING INVESTMENT OPPORTUNITY +

Investment opportunity.

Calling all investors to this apartment block containing three superb one bedroom apartments, minutes- walk to Cleveleys Town Centre and all of its shops and amenities with great transport links boasting off-street parking and garages!

The ground floor flat 1A contains  a spacious living room with large windows to brighten the room, kitchen, toilet, double bedroom and a 2 piece bathroom.

Taking the stairs to the first floor floor flat 1B contains an open plan kitchen/living room with large windows to brighten the room, double bedroom with fitted wardrobe and a 3 piece family shower room.

Following the stairs to the second floor flat 1C contains another spacious living room with large windows, kitchen, hallway with storage space leading through to the double bedroom and a 3 piece family bathroom.

With tenants already in situ this apartment block is ready to go for any investor to hit the ground running! 

Close to Cleveleys high street for all shops and amenities; great transport links like local bus routes and Cleveleys bus station, Cleveleys tram stops that run from Fleetwood to the top of Blackpool and the A585 Amounderness Way that flows all the way from Fleetwood to the M55 motorway allowing easy access to Fleetwood, Thornton-Cleveleys, Bispham, Carleton, Poulton-Le-Fylde and over Wyre; as well as both local primary and secondary schools.

This apartment block is also close to lots of local leisure activities like JD Gyms and Vue cinema complex, as well as Thornton-Cleveleys promenade for a lovely stroll down by the sea front with views of the Irish Sea and Morecambe Bay.

This property is the perfect opportunity for any investors looking for a ready made buy to let property.

Externally, the property boasts a large corner plot with ample off-street parking which includes three spacious garages. 

This property is a fantastic opportunity for any investor and viewings are HIGHLY recommended. CALL UNIQUE THORNTON TODAY TO SECURE YOUR VIEWING! 

EPC Grades - 

Flat 1A - Awaiting

Flat 1B - E

Flat 1C - E

Agent Details

Unique Estate Agency Ltd, Thornton Cleveleys

01253 835787

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪