3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 7LB, £110,000

Poulton Old Road, Blackpool, FY3 7LB - 12 views - 2 years ago

Refurb/BRRR
ROI: 5%
~77 m²
+10 photos

ValuationFair Value

Sold Prices£74K - £355K
Sold Prices/m²£625/m² - £2.7K/m²

 

 

Square Metres

~77.40 m²
Price/m²£1.4K/m²

Value Estimate

£112,200

 

 

End Value (After Refurb)

£124,287

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£31,617

Bridging Loan Interest

£2,888

Total Cash In

£68,254

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£124,287

Mortgage (After Refinance)

£93,215

Mortgage LTV

75%

Cash Released

£10,715

Cash Left In

£57,540

Equity

£31,072

Rent Range

£725 - £1,150

Rent Estimate

£876

Running Costs/mo

£584

Cashflow/mo

£292

Cashflow/yr

£3,509

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £74K to £355K, average is £122.5K. £625/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£232K07/210 mi73, Poulton Old Road, Blackpool FY3 7LB3
£355K05/230 mi61, Poulton Old Road, Blackpool FY3 7LB3
£230K11/210.08 mi143, Poulton Road, Blackpool FY3 7JJ3
£125K05/210.08 mi77, Poulton Road, Blackpool FY3 7JJ3
£108K06/230.11 mi59, Carleton Avenue, Blackpool FY3 7JN3
£91K01/210.11 mi13, Carleton Avenue, Blackpool FY3 7JN3
£114.5K11/200.11 mi62, Carleton Avenue, Blackpool FY3 7JN3
£121K06/210.13 mi55, Kendal Avenue, Blackpool FY3 7LG3
£185K01/230.14 mi14, Burnsall Avenue, Blackpool FY3 7LQ3
£93.5K03/210.18 mi99, Argosy Avenue, Blackpool FY3 7NG3
£112K02/210.21 mi8, Plymouth Road, Blackpool FY3 7JP3
£110K07/230.22 mi435, Blackpool Old Road, Blackpool FY3 7LN3
£155K11/210.23 mi10, Leyfield Close, Blackpool FY3 7RQ3
£158K12/200.23 mi21, Westfield Avenue, Blackpool, Lancashire FY3 7LU3
£145K01/230.24 mi522, Blackpool Old Road, Blackpool FY3 7LW3
£110K06/210.24 mi68, Chepstow Road, Blackpool FY3 7PJ3
£265K09/210.26 mi401, Blackpool Old Road, Blackpool, Lancashire FY3 7LT3
£101K01/210.26 mi374, Garstang Road West, Blackpool FY3 7JH3
£140K02/230.27 mi372, Garstang Road West, Blackpool FY3 7JH3
£182K07/230.27 mi16, Furlong Crescent, Blackpool FY3 7LP3
£87.5K11/200.3 mi51, Poulton Road, Blackpool FY3 7DS3
£165K04/230.3 mi23, Oregon Avenue, Blackpool FY3 7JU3
£90K10/210.3 mi3, Holyoake Avenue, Blackpool FY2 0QL3
£99K02/210.32 mi27, Delaware Road, Blackpool FY3 7JY3
£137K12/210.32 mi8, Maxwell Grove, Blackpool FY2 0QG3
£82.5K11/200.32 mi8, Maxwell Grove, Blackpool FY2 0QG3
£113K08/210.33 mi41, Stopford Avenue, Blackpool FY2 0QF3
£130K01/230.34 mi8, Essex Place, Blackpool FY2 0QA3
£136K04/230.34 mi3, Essex Place, Blackpool FY2 0QA3
£106K06/230.35 mi1, Ludlow Grove, Blackpool FY2 0PZ3
£125K03/230.35 mi37, Ludlow Grove, Blackpool FY2 0PZ3
£124K01/230.36 mi4, Maurice Grove, Blackpool FY2 0QH3
£125K09/210.36 mi22, Maurice Grove, Blackpool FY2 0QH3
£87.5K08/210.38 mi32, Stopford Avenue, Blackpool FY2 0QQ3
£95K03/210.39 mi26, Furness Avenue, Blackpool FY3 7QQ3
£102.5K05/210.4 mi19, Bromley Close, Blackpool FY2 0SD3
£120K12/200.41 mi37, Runcorn Avenue, Blackpool FY2 0PS3
£179.9K02/230.41 mi119, Bispham Road, Blackpool FY2 0NR3
£142K12/220.41 mi3, Cannock Avenue, Blackpool FY3 7HH3
£125K07/210.41 mi12, Cannock Avenue, Blackpool FY3 7HH3
£137.5K07/210.42 mi2, Hetherington Place, Blackpool FY2 0QD3
£74K04/230.42 mi375, Warley Road, Blackpool FY2 0ST3
£180K05/210.42 mi351, Warley Road, Blackpool FY2 0ST3
£82K12/200.43 mi26, Morston Avenue, Blackpool FY2 0TB3
£127K07/210.43 mi17, Morston Avenue, Blackpool FY2 0TB3
£150K06/230.43 mi9, Brough Avenue, Blackpool FY2 0PY3
£85K02/230.44 mi14, Hockley Place, Blackpool FY3 7NY3
£115K01/230.45 mi394, Warley Road, Blackpool FY2 0SS3
£93K03/210.45 mi394, Warley Road, Blackpool FY2 0SS3
£105K07/230.45 mi47, Tynedale Road, Blackpool FY3 7UE3

Local Rents

33 rents from £725/mo to £1.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£82504/240.1 miCarleton Avenue, Blackpool3
£95004/240.13 mi-3
£95005/240.13 mi-3
£95004/240.13 miWades Court, Blackpool, FY33
£90002/250.18 mi-3
£79504/240.18 miArgosy Avenue, Blackpool, Lancashire, FY33
£72502/240.25 mi-3
£1,05012/240.27 mi-3
£1,10003/250.27 mi-3
£82505/240.28 mi-3
£82504/240.28 miMeyler Avenue, Blackpool, FY33
£95008/230.3 mi-3
£95002/240.37 mi-3
£97501/250.37 mi-3
£87510/230.37 mi-3
£89906/240.38 mi-3
£99905/240.38 miRuncorn Avenue, Blackpool, FY23
£1,00012/240.39 mi-3
£75004/240.41 miRuncorn Avenue,Blackpool,FY23
£1,00002/250.43 mi-3
£1,10003/250.43 mi-3
£1,09903/250.45 mi-3
£1,09903/250.45 mi-3
£95002/250.46 mi-3
£80003/250.47 mi-3
£77504/240.48 miSalmesbury Avenue, Blackpool3
£72504/240.49 mi-3
£77510/230.57 miEdmonton Place, Blackpool, Lancashire, FY23
£75004/240.57 miEdmonton Place, Blackpool, Lancashire, FY23
£1,15003/250.58 mi-3
£1,10004/240.58 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£82512/240.58 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£90006/240.6 miMexford Avenue, Blackpool3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.37 miles away

Nearest school

0.20 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £110,000

August 11, 2023

Sold for £97,000

2004

Floor Plans

Description

INTRODUCING A FANTASTIC SEMI-DETACHED HOME IN A FANTASTIC LOCATION OFFERING HEAPS OF POTENTIAL

Situated conveniently between the vibrant town centres of Blackpool and Poulton-le-Fylde, this charming semi-detached house is an exceptional opportunity for those seeking a well-positioned and spacious family home.

Boasting three bedrooms, a delightful through lounge-dining room, and a galley-style kitchen, this property offers the perfect canvas for creating a personalized haven. With a family bathroom located upstairs, convenience and practicality are also at the forefront.

While the property’s current state presents an exciting renovation project, its potential is boundless. With a touch of updating, modernization, and creative decoration, this residence has the promise to become a truly spectacular family abode.

What truly sets this property apart is its fantastic value for money. Offering an affordable price tag, this home is ideal for those looking to make their mark and add significant value to their investment.

The location of this semi-detached house further enhances its appeal. Enjoying easy access to both Blackpool and Poulton-le-Fylde’s bustling town centers, you’ll have a wealth of amenities, shops, and entertainment options at your doorstep.

In summary, this semi-detached house presents a rare opportunity to put your stamp on a home and create a beautiful space for your family to grow and thrive. With its unbeatable location, excellent value for money, and the potential for a stunning transformation, this property is not to be missed. Contact us today to arrange a viewing and start envisioning your dream home!

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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