3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 3JR, £125,000

Maitland Avenue, Thornton-Cleveleys, FY5 3JR - 2 views - a year ago

Under Offer

Refurb/BRRR

ROI: 4%

~82 m²

+7 photos

ValuationFair Value

Sold Prices	£85K - £304K
Sold Prices/m²	£1.2K/m² - £2.8K/m²

Square Metres	~82.43 m²
Price/m²	£1.5K/m²
Value Estimate	£125,000£125,000

End Value (After Refurb)	£134,555£134,555
Uplift in Value	+8%+8%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£7,450£7,450
Refurb Costs	£33,402£33,402
Bridging Loan Interest	£3,281£3,281
Total Cash In	£77,134£77,134

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£134,555£134,555
Mortgage (After Refinance)	£100,916£100,916
Mortgage LTV	75%75%
Cash Released	£7,166£7,166
Cash Left In	£69,967£69,967
Equity	£33,639£33,639
Rent Range	£700 - £1,200£700 - £1,200
Rent Estimate	£911
Running Costs/mo	£623£623
Cashflow/mo	£288£288
Cashflow/yr	£3,460£3,460
ROI	4%4%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £85K to £304K, average is £156K. £1.2K/m² to £2.8K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£135K	06/23	0 mi	22, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR	-	-	3	Semi-Detached House
£157K	01/21	0.04 mi	19, Lauderdale Avenue, Thornton-cleveleys, Blackpool FY5 3JP	£1,635	96	3	Detached House
£153K	12/20	0.09 mi	26, Conway Avenue, Thornton-cleveleys, Blackpool FY5 3JH	£1,515	101	3	Semi-Detached House
£160K	09/21	0.11 mi	35, Magdalen Road, Thornton-cleveleys, Blackpool FY5 3EF	£1,504	106	3	Semi-Detached House
£147.5K	06/21	0.15 mi	12, Crescent Avenue, Thornton-cleveleys, Lancashire FY5 3JE	£1,735	85	3	Semi-Detached House
£115K	04/21	0.16 mi	2, Kelso Avenue, Thornton-cleveleys, Blackpool FY5 3EA	-	-	3	Semi-Detached House
£207.5K	02/23	0.17 mi	47, Luton Road, Thornton-cleveleys, Blackpool FY5 3ED	£2,594	80	3	Semi-Detached House
£299.9K	05/23	0.17 mi	21, Queensbury Road, Thornton-cleveleys, Blackpool FY5 1SW	£2,830	106	3	Terraced House
£304K	05/23	0.17 mi	6, Queensbury Road, Thornton-cleveleys, Blackpool FY5 1SW	-	-	3	Detached House
£150K	12/21	0.17 mi	11, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ	£1,648	91	3	Semi-Detached House
£125K	10/21	0.17 mi	38, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ	£1,894	66	3	Semi-Detached House
£192K	07/23	0.18 mi	61, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN	£1,555	124	3	Detached House
£210K	03/21	0.18 mi	67, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN	£2,234	94	3	Detached House
£125K	04/21	0.18 mi	88, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN	£1,289	97	3	Terraced House
£127.5K	07/21	0.19 mi	23, St Davids Avenue, Thornton-cleveleys, Lancashire FY5 3NL	-	-	3	Semi-Detached House
£160K	12/20	0.21 mi	1, Ipswich Place, Thornton-cleveleys, Blackpool FY5 1SP	£2,078	77	3	Detached House
£103K	10/21	0.21 mi	2, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY	-	-	3	Semi-Detached House
£117.5K	12/20	0.21 mi	1, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY	£1,610	73	3	Semi-Detached House
£177.5K	06/23	0.21 mi	5, Lakewood Avenue, Thornton-cleveleys, Blackpool FY5 3ET	£1,909	93	3	Semi-Detached House
£160K	09/21	0.22 mi	11a, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN	£2,133	75	3	Semi-Detached House
£210K	03/23	0.24 mi	18, Rochford Avenue, Thornton-cleveleys, Blackpool FY5 3PB	£2,360	89	3	Detached House
£170K	09/21	0.25 mi	3, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT	-	-	3	Terraced House
£185K	07/23	0.25 mi	1, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT	-	-	3	Terraced House
£140K	06/21	0.25 mi	20, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT	-	-	3	Terraced House
£135K	04/21	0.25 mi	4, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT	£1,324	102	3	Terraced House
£150K	10/22	0.26 mi	25, Alconbury Crescent, Thornton-cleveleys, Blackpool FY5 1DR	-	-	3	Terraced House
£152K	06/21	0.26 mi	6, Bedale Place, Thornton-cleveleys, Blackpool FY5 3PD	£1,706	89	3	Semi-Detached House
£123K	10/21	0.26 mi	30, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NW	£1,309	94	3	Terraced House
£155K	12/21	0.27 mi	24, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1DH	£1,703	91	3	Semi-Detached House
£200K	02/23	0.27 mi	8, Stanley Avenue, Thornton-cleveleys, Lancashire FY5 3NQ	£1,980	101	3	Semi-Detached House
£170K	04/23	0.28 mi	91, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3PE	£1,491	114	3	Terraced House
£121.5K	08/21	0.28 mi	40, Beryl Avenue, Thornton-cleveleys, Blackpool FY5 3PA	£1,752	69	3	Semi-Detached House
£135K	12/22	0.29 mi	31, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP	-	-	3	Semi-Detached House
£180K	08/21	0.31 mi	433, North Drive, Thornton-cleveleys, Blackpool FY5 3AP	£1,875	96	3	Semi-Detached House
£190K	12/21	0.31 mi	3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU	£2,111	90	3	Detached House
£167K	05/21	0.33 mi	1, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT	£2,352	71	3	Semi-Detached House
£149.5K	03/21	0.33 mi	8, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT	£1,438	104	3	Detached House
£142.3K	11/21	0.33 mi	67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ	£1,848	77	3	Semi-Detached House
£117K	07/23	0.33 mi	380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF	£1,170	100	3	Semi-Detached House
£137K	03/23	0.33 mi	416, North Drive, Thornton-cleveleys, Blackpool FY5 3AR	£1,310	105	3	Semi-Detached House
£85K	02/21	0.34 mi	14, Bleasdale Avenue, Thornton-cleveleys, Blackpool FY5 3QZ	-	-	3	Terraced House
£250K	10/21	0.35 mi	564, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PH	-	-	3	Detached House
£217K	09/21	0.35 mi	70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY	-	-	3	Semi-Detached House
£175K	06/21	0.36 mi	5, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PN	-	-	3	Semi-Detached House
£217K	11/21	0.36 mi	65, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW	-	-	3	Semi-Detached House
£182K	05/21	0.36 mi	39, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW	-	-	3	Semi-Detached House
£168K	12/22	0.37 mi	467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR	£1,772	95	3	Detached House
£130K	06/21	0.38 mi	95, Luton Road, Thornton-cleveleys, Blackpool FY5 3QY	£1,585	82	3	Detached House
£106K	04/21	0.38 mi	107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT	£1,205	88	3	Semi-Detached House
£197K	03/21	0.38 mi	30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ	-	-	3	Semi-Detached House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£995	04/24	0.03 mi	-	3	Terraced House
£995	04/24	0.03 mi	-	3	Terraced House
£895	04/24	0.03 mi	-	3	Terraced House
£995	04/24	0.03 mi	-	3	Terraced House
£995	04/24	0.03 mi	-	3	Terraced House
£1,200	05/24	0.17 mi	Queensbury Road, Thornton-Cleveleys	3	Bungalow
£825	12/24	0.22 mi	-	3	Terraced House
£825	05/24	0.22 mi	Thornton-Cleveleys, Thornton-Cleveleys, FY5	3	Terraced House
£901	04/24	0.26 mi	Alconbury Crescent, Thornton-Cleveleys, Lancashire, FY5	3	Terraced House
£932	04/24	0.3 mi	-	3	Semi-Detached House
£975	03/25	0.3 mi	-	3	Semi-Detached House
£927	04/24	0.3 mi	North Drive, Cleveleys, FY5	3	Detached House
£850	04/24	0.33 mi	North Drive, Thornton-Cleveleys, Lancashire, FY5	3	Semi-Detached House
£700	04/24	0.33 mi	Victoria Road West	3	Flat
£825	04/24	0.35 mi	-	3	Semi-Detached House
£1,000	04/24	0.36 mi	Maplewood Drive, Thornton-Cleveleys, Lancashire, FY5	3	Detached House
£900	02/24	0.38 mi	-	3	Semi-Detached House
£758	04/24	0.41 mi	Slinger Road, Thornton-Cleveleys, Lancashire, FY5	3	Semi-Detached House
£1,000	02/25	0.42 mi	-	3	Semi-Detached House
£875	12/24	0.53 mi	-	3	Semi-Detached House
£800	04/24	0.54 mi	Elms Avenue, Thornton-Cleveleys	3	Detached House
£875	04/24	0.56 mi	Warren Grove, Thornton-Cleveleys	3	Semi-Detached House
£895	04/24	0.57 mi	Warren Grove, Thornton-Cleveleys, FY5 3TX	3	Semi-Detached House
£975	04/24	0.57 mi	Stockdove Way, Thornton-Cleveleys	3	Semi-Detached House
£850	12/24	0.62 mi	-	3	Semi-Detached House

Local Area Statistics

Population in FY5	44,80044,800
Town centre distance	1.10 miles away1.10 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	2.68 miles away2.68 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

Price changed to £125,000

November 29, 2024

Listed for £129,950

May 2, 2024

Floor Plans

Description

Gas central heating +
Double glazing +
Two reception rooms +
Convenient location +
Driveway and Garage +
No Chain! +
Located close to local amenities +
Schools nearby +
Requires some modernisation +
Priced to sell! +

FULL DESCRIPTION This well located three bedroom semi detached house is located in a convenient position close to local amenities, schools, shops, supermarkets and nearby to Cleveleys shopping center. The home is family sized and offers offers two reception rooms, driveway and garage and is warmed by gas central heating and double glazing. Requires some modernization hence the attractive asking price.

Broadband

We are advised that the property can obtain broadband.

Mobile Data

We are advised that you are likely to have mobile phone coverage.

We would suggest that you also make your own enquiries as to mobile data coverage hhtps://checker.ofcom.org.uken-gb/mobile-coverage

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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

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