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2 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1QD, £170,000

Glenmere Crescent, THORNTON-CLEVELEYS, Lancashire, FY5 1QD - 1 views - a year ago

Refurb/BRRR
ROI: 1%
~75 m²
+4 photos

ValuationUndervalued

Sold Prices£100K - £305K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~75 m²
Price/m²£2.3K/m²

Value Estimate

£175,100
BMV3%

 

 

End Value (After Refurb)

£156,668

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£30,392

Bridging Loan Interest

£4,463

Total Cash In

£85,404

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£156,668

Mortgage (After Refinance)

£117,501

Mortgage LTV

75%

Cash Left In

£85,404

Equity

£39,167

Rent Range

£530 - £1,295

Rent Estimate

£752

Running Costs/mo

£660

Cashflow/mo

£92

Cashflow/yr

£1,104

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £305K, average is £163K. £1.1K/m² to £3.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£166K05/210.23 mi3, Kirkstone Drive, Thornton-cleveleys, Blackpool FY5 1QL2
£146.8K08/210.23 mi133, Kirkstone Drive, Thornton-cleveleys, Blackpool FY5 1QL2
£173K11/210.26 mi297, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£178K07/210.26 mi295, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£186K01/210.34 mi2a, Oakland Avenue, Thornton-cleveleys, Blackpool FY5 1RX2
£235K10/210.35 mi776, Devonshire Road, Blackpool FY2 0AG2
£305K10/220.39 mi683, Devonshire Road, Blackpool FY2 0AE2
£160K03/210.4 mi39, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP2
£230K06/230.41 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£139K11/200.41 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£237.5K05/210.43 mi19, Duncan Avenue, Blackpool FY2 9DB2
£219K12/220.45 mi65, Guildford Avenue, Blackpool FY2 0AB2
£180K12/200.45 mi54, Guildford Avenue, Blackpool FY2 0AB2
£122.5K08/230.47 mi24, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£150K02/230.47 mi44, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£235K08/230.47 mi3, Lanark Avenue, Bispham, Blackpool FY2 9DN2
£184.9K12/220.47 mi1, Glossop Close, Blackpool FY2 9DE2
£175K03/210.48 mi16, Boston Avenue, Blackpool FY2 9BZ2
£220K12/220.48 mi16, Boston Avenue, Blackpool FY2 9BZ2
£147K11/220.48 mi291, North Drive, Thornton-cleveleys, Blackpool FY5 3HT2
£258K06/230.5 mi35, Shirley Crescent, Bispham, Blackpool FY2 0AA2
£145K05/210.52 mi12, Falkirk Avenue, Bispham, Blackpool FY2 9DD2
£205K06/230.52 mi12, Falkirk Avenue, Bispham, Blackpool FY2 9DD2
£215K12/220.52 mi44, Hanover Crescent, Bispham, Blackpool FY2 9DL2
£148K11/200.52 mi4, Hanover Crescent, Bispham, Blackpool FY2 9DL2
£159K05/210.52 mi83, Everest Drive, Blackpool FY2 9DJ2
£110.5K06/230.55 mi22, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN2
£159.9K08/230.59 mi50, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£116K01/210.59 mi44, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£255K09/210.6 mi6, Village Way, Bispham, Blackpool FY2 0AH2
£160K06/230.61 mi31, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SW2
£201K10/220.62 mi29, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT2
£135K06/210.65 mi14, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£135K06/210.65 mi16, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£134.5K04/210.68 mi38, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR2
£220K01/230.68 mi18, All Saints Road, Thornton-cleveleys, Blackpool FY5 3AL2
£158K06/230.7 mi28, Fairfax Avenue, Bispham, Blackpool FY2 0DA2
£219.9K11/210.7 mi39, Glenfield Avenue, Blackpool FY2 0DB2
£159.9K11/210.72 mi20, Montpelier Avenue, Blackpool FY2 9AE2
£230K01/230.72 mi5, Portway, Bispham, Blackpool FY2 0DF2
£177.5K12/220.73 mi12, Fairfax Avenue, Bispham, Blackpool FY2 0DA2
£100K04/230.74 mi46, Seabrook Drive, Thornton-cleveleys, Blackpool FY5 3SB2
£118K05/210.74 mi5, Silverdale, Bispham, Blackpool FY2 0DE2
£145K05/230.74 mi55, Beaufort Avenue, Bispham, Blackpool FY2 9AT2
£145K08/230.76 mi52, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RX2
£160K10/210.76 mi38, Broadhurst Road, Thornton-cleveleys, Blackpool FY5 3HR2
£195K12/220.76 mi1, Fairfax Avenue, Bispham, Blackpool FY2 0BY2
£175K06/230.76 mi129, Ashfield Road, Bispham, Blackpool FY2 0BU2
£139.3K06/210.77 mi3, Codale Avenue, Blackpool FY2 0BA2
£115K04/210.77 mi7, Codale Avenue, Bispham, Blackpool FY2 0BA2

Local Rents

41 rents from £530/mo to £1.3K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£82504/240.46 miKelvin Road, Thornton-Cleveleys, FY52
£82512/240.46 mi-2
£59504/240.55 miChatsworth Avenue, FY22
£53004/240.58 miHaddon Road, Blackpool, Lancashire, FY22
£75004/240.58 mi4 Haddon Road, Blackpool, Blackpool2
£75004/240.58 mi4 Haddon Road, Blackpool, Blackpool2
£77505/240.75 miSeabrook Drive, Thornton Cleveleys2
£90004/240.77 mi-2
£85004/240.77 mi-2
£82503/250.79 mi-2
£71312/240.8 mi-2
£70004/240.81 mi5 Crescent West, Cleveleys. FY5 1AB2
£65004/240.82 miSandhurst Avenue, Blackpool, Lancashire, FY22
£62504/240.82 miSandhurst Avenue, FY22
£67505/240.83 miSt. Davids Court, St. Davids Avenue, Cleveleys2
£67501/250.89 mi-2
£60012/240.91 mi-2
£69501/250.93 mi-2
£75012/240.93 mi-2
£75004/240.93 miEastpines Drive, Thornton-Cleveleys, FY5 3RY2
£75004/240.94 miPLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys2
£1,29504/250.94 mi-2
£72504/240.94 miVictoria Road West, Thornton-Cleveleys, Lancashire, FY52
£1,25003/250.95 mi-2
£59504/240.98 miKincraig Place, Thornton-Cleveleys, Lancashire, FY22
£57504/241.01 miRed Bank Road, Blackpool, FY22
£69503/251.01 mi-2
£69504/251.02 mi-2
£75004/241.03 mi-2
£70004/241.05 mi-2
£77503/251.1 mi-2
£77502/251.1 mi-2
£65004/241.12 miRosebank, Thornton-Cleveleys, Lancashire, FY52
£69504/241.13 miRosebank, Thornton-Cleveleys2
£86504/241.14 mi-2
£86003/251.14 mi-2
£69504/241.17 miMunster Avenue, Blackpool, FY2 0HG2
£67501/241.19 mi-2
£85001/251.2 mi-2
£85001/251.2 mi-2
£67504/241.21 miCavendish Road, Bispham, Blackpool2

Links

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.55 miles away

Nearest school

0.20 miles away

Nearest train station

2.09 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £170,000

November 8, 2024

Listed for £180,000

March 27, 2024

Floor Plans

Description

  • Looking For a Renovation Project? +
  • Look No Further Than This Two Bedroom Extended True Semi Detached Bungalow +
  • Extended Master Bedroom +
  • Spacious Lounge and Conservatory +
  • Fitted Kitchen +
  • Off Street Parking and Garage +
  • Enclosed Rear Garden +
  • uPvc Double Glazing and Gas Central Heating +
  • Please Call The Office To Arrange a Viewing! +

LOOKING FOR A RENOVATION PROJECT? THIS TWO BEDROOM SEMI DETACHED EXTENDED TRUE BUNGALOW ON GLENMERE CRESCENT IS THE ULTIMATE BUY, SITUATED IN THE HEART OF CLEVELEYS JUST A SHORT DISTANCE FROM THE PROMENADE!

On internal inspection you are greeted with a spacious lounge, extended master bedroom and second bedroom. There is a fitted kitchen and bathroom with separate w.c. The property benefits from off street parking and garage and an enclosed rear garden. It comes uPvc double glazed and with gas central heating.

This spacious extended true bungalow is the ideal investment or last time buy. Please call the office to arrange a viewing now!

Agent Details

Entwistle Green, Cleveleys

01253 835078

Next Steps?

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

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