3 Bed Detached House, Refurb/BRRR, Fleetwood, FY7 8AW, £279,950

12 Lancaster Gate, Fleetwood, Lancashire, FY7 8AW - a year ago

Refurb/BRRR
~77 m²
+21 photos

ValuationOvervalued

Sold Prices£93K - £360K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~77.28 m²
Price/m²£3.6K/m²

Value Estimate

£123,924

 

 

End Value (After Refurb)

£262,975

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£69,988

Stamp Duty & Legal Fees

£11,096

Refurb Costs

£31,244

Bridging Loan Interest

£7,349

Total Cash In

£121,427

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£262,975

Mortgage (After Refinance)

£197,231

Mortgage LTV

75%

Cash Left In

£121,427

Equity

£65,744

Rent Range

£595 - £1,150

Rent Estimate

£790

Running Costs/mo

£1,000

Cashflow/mo

£-210

Cashflow/yr

£-2,520

Gross Yield

3%

Local Sold Prices

50 sold prices from £93K to £360K, average is £149.5K. £1.1K/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£244K12/230.01 mi9, Lancaster Gate, Fleetwood, Lancashire FY7 8AW3
£269.9K07/210.05 mi1, West Gate, Fleetwood, Lancashire FY7 8AQ3
£204K01/210.05 mi13, West Gate, Fleetwood, Lancashire FY7 8AQ3
£189K12/230.05 mi24, West Gate, Fleetwood, Lancashire FY7 8AQ3
£195K08/210.05 mi2, West Gate, Fleetwood, Lancashire FY7 8AQ3
£165K10/230.06 mi4, High Gate, Fleetwood, Lancashire FY7 8AJ3
£145K12/200.06 mi21, High Gate, Fleetwood, Lancashire FY7 8AJ3
£215K10/220.09 mi2, The Ridgeway, Fleetwood, Lancashire FY7 8AH3
£170K04/210.09 mi29, The Ridgeway, Fleetwood, Lancashire FY7 8AH3
£135K10/200.12 mi94, Beach Road, Fleetwood, Lancashire FY7 8PJ3
£163K03/210.12 mi137, Beach Road, Fleetwood, Lancashire FY7 8PH3
£149.9K11/210.13 mi84, Beach Road, Fleetwood, Lancashire FY7 8PJ3
£215K06/230.14 mi23, Rossall Grange Lane, Fleetwood, Lancashire FY7 8AA3
£153K02/210.14 mi45, Rossall Grange Lane, Fleetwood, Lancashire FY7 8AA3
£149K01/210.17 mi26, Romney Avenue, Fleetwood, Lancashire FY7 8BW3
£147K03/210.17 mi23, Romney Avenue, Fleetwood, Lancashire FY7 8BW3
£135K05/230.21 mi31c, Lothian Avenue, Fleetwood, Lancashire FY7 8BY3
£175K03/210.21 mi38, Waverley Avenue, Fleetwood, Lancashire FY7 8BS3
£175K01/210.21 mi40, Waverley Avenue, Fleetwood, Lancashire FY7 8BS3
£340K06/210.21 mi9, Princes Way, Fleetwood, Lancashire FY7 8PG3
£360K06/230.21 mi9, Princes Way, Fleetwood, Lancashire FY7 8PG3
£132K01/230.21 mi18, Saer Close, Fleetwood, Lancashire FY7 8DU3
£125K03/210.22 mi26, Kingfisher Way, Fleetwood, Lancashire FY7 8SB3
£139K07/210.22 mi37, Kingfisher Way, Fleetwood, Lancashire FY7 8SB3
£109.5K09/210.23 mi48, Grange Road, Fleetwood, Lancashire FY7 8DD3
£110K09/230.23 mi80, Grange Road, Fleetwood, Lancashire FY7 8DD3
£109K03/210.23 mi84, Grange Road, Fleetwood, Lancashire FY7 8DD3
£100K09/230.25 mi98, Shakespeare Road, Fleetwood, Lancashire FY7 7HJ3
£142.5K04/230.28 mi72, Bramley Avenue, Fleetwood, Lancashire FY7 7LH3
£115K11/210.28 mi62, Bramley Avenue, Fleetwood, Lancashire FY7 7LH3
£130K10/210.28 mi24, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£130K08/230.28 mi24, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£146K01/240.28 mi5, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£165K06/230.28 mi302, Poulton Road, Fleetwood, Lancashire FY7 7LA3
£95K06/230.28 mi4, Mowbray Road, Fleetwood, Lancashire FY7 7JB3
£93K04/210.28 mi61, Mowbray Road, Fleetwood, Lancashire FY7 7JJ3
£120K11/210.29 mi16, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£140K10/230.29 mi31, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£129K12/200.29 mi38, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£96.5K05/210.29 mi2, Douglas Place, Fleetwood, Lancashire FY7 8DT3
£160K10/200.31 mi16, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£181.5K03/230.31 mi16, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£115K11/210.31 mi9, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£227K06/230.31 mi51, Princes Way, Fleetwood, Lancashire FY7 8DB3
£219.9K03/230.31 mi63, Princes Way, Fleetwood, Lancashire FY7 8DB3
£154.9K11/210.32 mi37, Beach Road, Fleetwood, Lancashire FY7 8PS3
£162K02/210.32 mi13, Beach Road, Fleetwood, Lancashire FY7 8PS3
£175K04/230.32 mi13, Beach Road, Fleetwood, Lancashire FY7 8PS3
£185K11/220.32 mi12, Grange Road, Fleetwood, Lancashire FY7 8BH3
£127.5K04/210.32 mi32, Beach Road, Fleetwood, Lancashire FY7 8PT3

Local Rents

33 rents from £595/mo to £1.1K/mo, average is £820/mo.

RentDateDistanceAddressBeds 
£90004/240.06 miKnowsley Gate, Fleetwood, Lancashire, FY73
£75002/240.17 mi-3
£82007/240.2 mi-3
£1,15008/240.27 mi-3
£75004/240.37 miBrathay Place, Fleetwood, FY73
£95004/240.45 mi-3
£95012/240.45 miSouthwood Avenue, Fleetwood, FY73
£72504/240.51 miWhinfield Avenue, Fleetwood, FY73
£59512/240.59 mi-3
£67503/240.64 mi-3
£67504/240.64 miSeymour Street, Fleetwood, FY73
£89512/240.64 mi-3
£70004/240.66 miLindel Road, Fleetwood, FY73
£77512/240.67 miGreenway, Fleetwood, Lancashire, FY73
£82510/240.68 mi-3
£69508/240.69 mi-3
£95012/240.71 mi-3
£72504/240.72 miHeathfield Road, Fleetwood, FY73
£67512/240.75 mi-3
£71512/240.78 mi-3
£75004/240.78 miAddison Road, Fleetwood, FY73
£90005/240.8 mi-3
£90004/240.83 miPenrhos Avenue, Fleetwood, Lancashire, FY73
£75004/240.84 miAsh Street, Fleetwood.3
£75004/240.86 miAsh Street, Fleetwood, Lancashire, FY73
£87501/250.88 mi-3
£85004/241.03 miPreston Street, Fleetwood, Lancashire, FY73
£85004/241.08 miLondon Street, Fleetwood, Lancashire, FY73
£85012/241.08 miLondon Street, Fleetwood, Lancashire, FY73
£89504/241.1 miLaurel Avenue, Fleetwood3
£85001/251.13 mi-3
£89512/241.15 mi-3
£70004/241.2 miNorth Street, Fleetwood3

Local Area Statistics

Population in FY7

25,913

Population in Fleetwood

25,917

Town centre distance

0.70 miles away

Nearest school

0.30 miles away

Nearest train station

5.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £279,950

January 31, 2024

Sold for £180,000

2021

Floor Plans

Description

  • DRIVEWAY. +
  • STUNNING Open Plan Kitchen / Dining / Family Room +
  • Stunning Modern Fitted Kitchen. +
  • Private Enclosed Rear Garden. +
  • RENOVATED THROUGHOUT +
  • Beautifully Presented Detached Family Home +
  • Enclosed Spacious Rear Garden +
  • FABULOUS NEW Family Bath +
  • Ground Floor Wash Room +

RENOVATED THROUGHOUT TO AN EXCEPTIONAL STANDARD
Stunning, Detached Family Home, With Driveway To Garage, Enclosed Rear Garden,NEW Kitchen, NEW Boiler, NEW Bath & Shower Room THREE Bedrooms, Beautifully Presented Separate Lounge And NEW Ground Floor Washroom. AMTICO Flooring To Hall, Dining Room And Kitchen.

This fantastic, detached family home is situated in a most sought after quiet residential area close to the promenade and beach and benefits from a complete renovation throughout, to include, NEW gas central heating system to include boiler, pipe work and new radiators, including designer to the ground floor. New carpets throughout, new property security system, new gates to the front and fencing to the rear garden. Walls have been taken back to brickwork  and re plastered, it has been fully rewired with new consumer unit and there are new skirting boards throughout and new internal oak doors.

The entrance hallway is spacious, bright and welcoming with stairs to the first floor landing and doors through to the lounge, kitchen / dining room and NEW ground floor washroom. The lounge is a beautifully presented living room with bay window to the front aspect, new radiator and new carpet.

The NEW modern fitted kitchen offers a wide range of wall mounted and base units in grey gloss finish with soft close feature doors and drawers with generous work surface area. Integrated appliances include 60/40 fridge freezer, dishwasher and washing machine, oven and grill, 4 ring Miele induction hob with extractor over. Composite 1.5 sink and drainer with chrome mixer tap.

The reception room adjacent offers a versatile space that could be utilised as a formal dining room or additional soft seating reception room with brand new bi folding doors out to the extremely spacious enclosed rear garden, this is mostly laid to lawn with paved seating area, with doors thrown open this really does become a fantastic fluid open plan entertaining area.

The ground floor washroom is tucked discreetly under the stairs and comprises wall mounted hand wash basin and low flush wc with chrome ladder style towel rail/radiator.

The first floor landing is another light and bright space with doors to two double bedrooms, to both the front and rear aspects and the third bedroom which is a good size. The NEW family bath and shower room is simply stunning with free standing bath, mains shower cubicle, vanity sink unit with storage under and low flush wc. Walls are tiled in grey and there is a chrome ladder style towel rail / radiator.

Externally this family home offers a driveway with gated side access to the detached garage at the rear providing access to the generous enclosed rear garden.

Internal Viewing Essential! Call Unique Fleetwood To View!

EPC:- E

council Tax:- D

Internal Living Space:- 94sqm

Tenure:- Freehold

*to be confirmed by your legal representative*

Agent Details

Unique Estate Agency Ltd, Fleetwood

01253 835788

Next Steps?

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