2 Bed Terraced House, Refurb/BRRR, Fleetwood, FY7 6EJ, £70,000

Victoria Street, Fleetwood, Lancashire, FY7 6EJ - 8 months ago

Sold STC
Refurb/BRRR
Negative Equity
ROI: 6%
~68 m²
+8 photos

ValuationFair Value

Sold Prices£57K - £127K
Sold Prices/m²£650/m² - £1.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,550

 

 

End Value (After Refurb)

£74,000

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£27,537

Bridging Loan Interest

£1,838

Total Cash In

£51,925

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£74,000

Mortgage (After Refinance)

£55,500

Mortgage LTV

75%

Cash Released

£3,000

Cash Left In

£48,925

Equity

£18,500

Rent Range

£450 - £890

Rent Estimate

£655

Running Costs/mo

£382

Cashflow/mo

£273

Cashflow/yr

£3,273

ROI

6%

Gross Yield

11%

Local Sold Prices

50 sold prices from £57K to £127K, average is £85K. £650/m² to £1.4K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£74K03/210.01 mi65, Victoria Street, Fleetwood, Lancashire FY7 6EJ2
£78K07/230.01 mi55, Victoria Street, Fleetwood, Lancashire FY7 6EJ2
£95K09/230.01 mi77, Victoria Street, Fleetwood, Lancashire FY7 6EJ2
£74K03/210.01 mi65, Victoria Street, Fleetwood, Lancashire FY7 6EJ2
£70K12/200.01 mi54, Victoria Street, Fleetwood, Lancashire FY7 6EJ2
£105K06/230.05 mi34, North Church Street, Fleetwood, Lancashire FY7 6AX2
£65K08/230.05 mi6, North Church Street, Fleetwood, Lancashire FY7 6AX2
£103K10/230.05 mi35, North Church Street, Fleetwood, Lancashire FY7 6AX2
£73K11/200.05 mi32, North Church Street, Fleetwood, Lancashire FY7 6AX2
£84.5K05/210.06 mi22, Blakiston Street, Fleetwood, Lancashire FY7 6BA2
£88K03/210.06 mi24, Blakiston Street, Fleetwood, Lancashire FY7 6BA2
£76K08/230.06 mi2, Blakiston Street, Fleetwood, Lancashire FY7 6BA2
£86K04/210.06 mi16, Blakiston Street, Fleetwood, Lancashire FY7 6BA2
£120K11/220.06 mi24, Blakiston Street, Fleetwood, Lancashire FY7 6BA2
£107K05/230.07 mi55, Kent Street, Fleetwood, Lancashire FY7 6AS2
£92K07/210.07 mi40, Blakiston Street, Fleetwood, Lancashire FY7 6EN2
£90K08/230.07 mi64, Blakiston Street, Fleetwood, Lancashire FY7 6EN2
£95K12/200.07 mi56, Blakiston Street, Fleetwood, Lancashire FY7 6EN2
£97K10/230.07 mi40, Blakiston Street, Fleetwood, Lancashire FY7 6EN2
£105K08/210.07 mi32, Kent Street, Fleetwood, Lancashire FY7 6AS2
£98K03/210.08 mi83, Warren Street, Fleetwood, Lancashire FY7 6EA2
£73.5K12/200.09 mi1, Pharos Grove, Fleetwood, Lancashire FY7 6BH2
£91K01/210.1 mi65, Warren Street, Fleetwood, Lancashire FY7 6EA2
£83K02/230.1 mi46, Warren Street, Fleetwood, Lancashire FY7 6EA2
£91K01/210.1 mi65, Warren Street, Fleetwood, Lancashire FY7 6EA2
£72.5K12/200.1 mi76, Warren Street, Fleetwood, Lancashire FY7 6EA2
£71.5K11/200.11 mi10, Jones Grove, Fleetwood, Lancashire FY7 6ES2
£77.5K09/230.11 mi125, Kemp Street, Fleetwood, Lancashire FY7 6DZ2
£68K06/210.12 mi73, Kemp Street, Fleetwood, Lancashire FY7 6DY2
£85K12/200.13 mi9, Arthur Street, Fleetwood, Lancashire FY7 6DB2
£110K06/210.13 mi67, Kemp Street, Fleetwood, Lancashire FY7 6DY2
£98K11/210.13 mi82, Kemp Street, Fleetwood, Lancashire FY7 6DY2
£82K12/230.13 mi72, Blakiston Street, Fleetwood, Lancashire FY7 6EW2
£84K10/200.13 mi17, Kent Street, Fleetwood, Lancashire FY7 6BX2
£68K12/200.16 mi6, Lower Lune Street, Fleetwood, Lancashire FY7 6DA2
£115K09/230.17 mi75, North Church Street, Fleetwood, Lancashire FY7 6HJ2
£127K01/230.17 mi67, North Church Street, Fleetwood, Lancashire FY7 6HJ2
£80K02/230.17 mi29, Upper Lune Street, Fleetwood, Lancashire FY7 6BP2
£89K01/210.17 mi13, Upper Lune Street, Fleetwood, Lancashire FY7 6BP2
£97K03/210.17 mi7, Upper Lune Street, Fleetwood, Lancashire FY7 6BP2
£75K07/210.17 mi32, Custom House Lane, Fleetwood, Lancashire FY7 6BY2
£76K01/230.2 mi70, Preston Street, Fleetwood, Lancashire FY7 6LA2
£87K08/210.2 mi93, Preston Street, Fleetwood, Lancashire FY7 6LA2
£57K01/210.21 mi10, Warwick Place, Fleetwood, Lancashire FY7 6QY2
£78K09/210.21 mi102, Blakiston Street, Fleetwood, Lancashire FY7 6LF2
£86K10/210.21 mi31, Harris Street, Fleetwood, Lancashire FY7 6QX2
£68K12/200.21 mi77, Blakiston Street, Fleetwood, Lancashire FY7 6LF2
£85K08/210.23 mi120, Mount Street, Fleetwood, Lancashire FY7 6LE2
£58K02/210.23 mi130, Mount Street, Fleetwood, Lancashire FY7 6LE2
£92.5K10/210.24 mi102, Mount Street, Fleetwood, Lancashire FY7 6LD2

Local Rents

37 rents from £450/mo to £890/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60012/240.01 miVictoria Street, Fleetwood, FY72
£65004/240.02 mi-2
£79011/240.02 mi-2
£75004/240.03 miAdelaide Street, Fleetwood, FY72
£67512/240.03 miAdelaide Street, Fleetwood, FY72
£65012/240.05 mi-2
£55004/240.06 miCross Street, Fleetwood, FY72
£65004/240.07 mi-2
£70012/240.07 mi-2
£72512/240.07 mi-2
£60004/240.09 miPharos Grove, Fleetwood, Lancashire, FY72
£62512/240.09 mi-2
£65004/240.1 miWarren Street, Fleetwood, FY72
£67504/240.1 mi48 North Albert Street2
£65004/240.1 miPharos Street, Fleetwood, Lancashire, FY72
£69512/240.13 mi-2
£50012/240.14 mi-2
£45004/240.15 miFlat B, 38 Church Street, Fleetwood, Lancashire, FY72
£70004/240.18 miQueens Terrace, Fleetwood2
£67504/240.21 miWarwick Place, Fleetwood, FY72
£65004/240.21 miBlakiston Street, Fleetwood2
£57504/240.22 miDock Street, Fleetwood2
£75010/240.29 mi-2
£65004/240.3 miPoulton Street, Fleetwood, FY72
£55012/240.31 mi-2
£60712/240.35 mi-2
£65004/240.39 miBayside, Fleetwood, Lancashire, FY72
£85005/240.4 mi-2
£75002/240.4 mi-2
£85004/240.4 miAbbotts Walk, Fleetwood, FY72
£89010/240.41 mi-2
£79012/240.41 mi-2
£62504/240.41 miQuayside, Fleetwood, Lancashire, FY72
£63001/250.43 mi-2
£67504/240.43 miMarina Mews, Fleetwood, Lancashire, FY72
£70004/240.5 miKeel House, Bulkhead Drive, Fleetwood, Lancashire, FY72
£72501/250.53 mi-2

Local Area Statistics

Population in FY7

25,913

Population in Fleetwood

25,917

Town centre distance

1.20 miles away

Nearest school

0.10 miles away

Nearest train station

5.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £70,000

-24%

May 24, 2024

Sold for £87,000

2005

Floor Plans

Description

Redwing are pleased to offer for sale this two bedroom mid terraced property. located in Fleetwood, convenient for all local facilities, amenities and travel access. Benefiting from Double glazing and a gas fired central heating system. Will require some modernisation and improvement. Ideal first time buy or investment. Internally comprising an inner porch, lounge, extended kitchen with dining area and ground floor bathroom. To the first floor there are two bedrooms. Externally an enclosed yard. EPC GRADE C, NO CHAIN.

Agent Details

Redwing, Liverpool

0151 453 1898

Next Steps?

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