2 Bed Flat, Single Let, Thornton-Cleveleys, FY5 1EQ, £92,500

Beach Road - Thornton Cleveleys - FY5 1EQ - 2 views - 2 years ago

Under Offer

Leasehold

BTL

ROI: 8%

~68 m²

+14 photos

ValuationUndervalued

Sold Prices	£47K - £206.4K
Sold Prices/m²	£922/m² - £2.6K/m²

Square Metres	~68.11 m²
Price/m²	£1.4K/m²
Value Estimate	£114,700£114,700
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£23,125£23,125
Stamp Duty & Legal Fees	£3,975£3,975
Total Cash In	£27,100£27,100

Cash Out
Rent Range	£595 - £1,295£595 - £1,295
Rent Estimate	£599
Running Costs/mo	£429£429
Cashflow/mo	£170£170
Cashflow/yr	£2,042£2,042
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

24 sold prices from £47K to £206.4K, average is £132.5K. £922/m² to £2.6K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	06/21	0 mi	44b, Beach Road, Thornton-cleveleys, Lancashire FY5 1EQ	-	-	2	Flat
£101K	04/23	0.16 mi	20, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF	£1,683	60	2	Flat
£97K	04/23	0.16 mi	4, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF	£1,848	53	2	Flat
£47K	07/21	0.18 mi	97f, Beach Road, Thornton-cleveleys, Lancashire FY5 1EW	£922	51	2	Flat
£150K	11/20	0.39 mi	18, Beechwood Drive, Thornton-cleveleys, Lancashire FY5 5EH	£2,083	72	2	Flat
£175K	12/22	0.4 mi	Flat 3, Grosvenor Court, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1TD	-	-	2	Flat
£109K	11/21	0.42 mi	Flat 7, Oakleaf Court, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2NX	-	-	2	Flat
£175K	12/20	0.43 mi	2, East Court, Thornton-cleveleys, Lancashire FY5 1JS	£2,500	70	2	Flat
£195K	10/21	0.43 mi	309, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£2,097	93	2	Flat
£199.9K	06/23	0.43 mi	313, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£2,438	82	2	Flat
£179.9K	12/22	0.43 mi	207, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£2,646	68	2	Flat
£120K	03/21	0.43 mi	204, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,481	81	2	Flat
£135K	11/20	0.43 mi	202, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,929	70	2	Flat
£149K	02/21	0.43 mi	109, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£2,191	68	2	Flat
£150K	02/21	0.43 mi	1, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,875	80	2	Flat
£130K	05/21	0.43 mi	2, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,884	69	2	Flat
£151K	10/20	0.43 mi	103, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,525	99	2	Flat
£206.4K	09/22	0.43 mi	304, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£2,196	94	2	Flat
£108K	12/22	0.58 mi	26, Gorse Avenue, Thornton-cleveleys, Lancashire FY5 2PJ	-	-	2	Flat
£120K	07/23	0.63 mi	123, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH	£1,471	82	2	Flat
£92K	01/21	0.63 mi	102, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH	£1,394	66	2	Flat
£72.5K	11/22	0.7 mi	30, Osborne Grove, Thornton-cleveleys, Lancashire FY5 1HP	-	-	2	Flat
£150K	07/21	0.95 mi	10, Tennyson Avenue, Thornton-cleveleys, Lancashire FY5 2ET	-	-	2	Flat
£94K	12/20	0.98 mi	17, Pochard Place, Thornton-cleveleys, Lancashire FY5 3FH	£1,516	62	2	Flat

Local Rents

26 rents from £595/mo to £1.3K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£625	04/24	0.03 mi	-	2	Flat
£650	04/24	0.03 mi	-	2	Flat
£595	02/24	0.08 mi	-	2	Flat
£865	04/24	0.1 mi	-	2	Semi-Detached House
£860	03/25	0.1 mi	-	2	Semi-Detached House
£675	01/24	0.15 mi	-	2	Flat
£850	01/25	0.16 mi	-	2	Flat
£850	01/25	0.16 mi	-	2	Flat
£775	03/25	0.18 mi	-	2	Flat
£775	02/25	0.18 mi	-	2	Flat
£695	03/25	0.23 mi	-	2	Flat
£750	12/24	0.31 mi	-	2	Flat
£725	04/24	0.32 mi	Victoria Road West, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£600	12/24	0.33 mi	-	2	Flat
£1,250	03/25	0.34 mi	-	2	Flat
£750	04/24	0.35 mi	PLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys	2	Flat
£1,295	04/25	0.36 mi	-	2	Flat
£750	09/24	0.4 mi	-	2	Terraced House
£700	04/24	0.43 mi	5 Crescent West, Cleveleys. FY5 1AB	2	Flat
£713	12/24	0.44 mi	-	2	Flat
£675	05/24	0.46 mi	St. Davids Court, St. Davids Avenue, Cleveleys	2	Flat
£850	07/23	0.51 mi	-	2	Bungalow
£880	04/24	0.51 mi	-	2	Bungalow
£880	04/24	0.51 mi	North Drive, Thornton-Cleveleys, FY5	2	Bungalow
£880	04/24	0.51 mi	North Drive, Thornton-Cleveleys, FY5	2	Bungalow
£675	01/25	0.55 mi	-	2	Bungalow

Local Area Statistics

Population in FY5	44,80044,800
Town centre distance	1.16 miles away1.16 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	3.10 miles away3.10 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £92,500

September 15, 2023

Description

WALKING DISTANCE TO CLEVELEYS CENTRE & THE SEA FRONT +
BOASTING NO ONWARD CHAIN +
PRIVATE ENTRANCE - HALLWAY WITH BUILT IN STORAGE CUPBOARDS +
SPACIOUS LIGHT & AIRY FRONT LOUNGE +
MODERN FITTED KITCHEN +
BATHROOM - THREE PIECE SUITE +
TWO GOOD SIZED DOUBLE BEDROOMS +
GARAGE - WITH POWER/LIGHT & ELECTRIC UP AND OVER DOOR +
GAS CENTRAL HEATING & UPVC DOUBLE GLAZED +
CLOSE TO MANY LOCAL AMENITIES & CONVENIENT BUS/TRAM ROUTES +

NO CHAIN DECEPTIVELY SPACIOUS TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT, SITUATED IN A GREAT LOCATION, WITHIN WALKING DISTANCE TO THE SEA FRONT & CLEVELEYS TOWN CENTRE. BOASTING A PRIVATE ENTRANCE, SPACIOUS LIGHT & AIRY FRONT LOUNGE, MODERN KITCHEN, BATHROOM, GARAGE...

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

Next Steps?

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