3 Bed Detached House, Refurb/BRRR, Fleetwood, FY7 8AE, £325,000

38 - 39 Princes Way, Fleetwood, Lancashire, FY7 8AE - 7 months ago

Sold STC
Refurb/BRRR
~114 m²
+29 photos

ValuationOvervalued

Sold Prices£82.5K - £360K
Sold Prices/m²£917/m² - £2.7K/m²

 

 

Square Metres

~113.77 m²
Price/m²£2.9K/m²

Value Estimate

£177,766

 

 

End Value (After Refurb)

£256,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£45,997

Bridging Loan Interest

£8,531

Total Cash In

£152,229

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£256,000

Mortgage (After Refinance)

£192,000

Mortgage LTV

75%

Cash Left In

£152,229

Equity

£64,000

Rent Range

£595 - £1,150

Rent Estimate

£790

Running Costs/mo

£978

Cashflow/mo

£-188

Cashflow/yr

£-2,256

Gross Yield

3%

Local Sold Prices

50 sold prices from £82.5K to £360K, average is £148K. £917/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£170K04/210.03 mi29, The Ridgeway, Fleetwood, Lancashire FY7 8AH3
£215K10/220.03 mi2, The Ridgeway, Fleetwood, Lancashire FY7 8AH3
£215K06/230.1 mi23, Rossall Grange Lane, Fleetwood, Lancashire FY7 8AA3
£153K02/210.1 mi45, Rossall Grange Lane, Fleetwood, Lancashire FY7 8AA3
£165K10/230.11 mi4, High Gate, Fleetwood, Lancashire FY7 8AJ3
£145K12/200.11 mi21, High Gate, Fleetwood, Lancashire FY7 8AJ3
£244K12/230.12 mi9, Lancaster Gate, Fleetwood, Lancashire FY7 8AW3
£132K01/230.13 mi18, Saer Close, Fleetwood, Lancashire FY7 8DU3
£269.9K07/210.15 mi1, West Gate, Fleetwood, Lancashire FY7 8AQ3
£204K01/210.15 mi13, West Gate, Fleetwood, Lancashire FY7 8AQ3
£189K12/230.15 mi24, West Gate, Fleetwood, Lancashire FY7 8AQ3
£195K08/210.15 mi2, West Gate, Fleetwood, Lancashire FY7 8AQ3
£135K05/230.17 mi31c, Lothian Avenue, Fleetwood, Lancashire FY7 8BY3
£109.5K09/210.18 mi48, Grange Road, Fleetwood, Lancashire FY7 8DD3
£110K09/230.18 mi80, Grange Road, Fleetwood, Lancashire FY7 8DD3
£109K03/210.18 mi84, Grange Road, Fleetwood, Lancashire FY7 8DD3
£227K06/230.21 mi51, Princes Way, Fleetwood, Lancashire FY7 8DB3
£219.9K03/230.21 mi63, Princes Way, Fleetwood, Lancashire FY7 8DB3
£96.5K05/210.23 mi2, Douglas Place, Fleetwood, Lancashire FY7 8DT3
£163K03/210.23 mi137, Beach Road, Fleetwood, Lancashire FY7 8PH3
£175K03/210.23 mi38, Waverley Avenue, Fleetwood, Lancashire FY7 8BS3
£175K01/210.23 mi40, Waverley Avenue, Fleetwood, Lancashire FY7 8BS3
£340K06/210.23 mi9, Princes Way, Fleetwood, Lancashire FY7 8PG3
£360K06/230.23 mi9, Princes Way, Fleetwood, Lancashire FY7 8PG3
£149K01/210.24 mi26, Romney Avenue, Fleetwood, Lancashire FY7 8BW3
£147K03/210.24 mi23, Romney Avenue, Fleetwood, Lancashire FY7 8BW3
£135K10/200.24 mi94, Beach Road, Fleetwood, Lancashire FY7 8PJ3
£149.9K11/210.25 mi84, Beach Road, Fleetwood, Lancashire FY7 8PJ3
£125K03/210.3 mi26, Kingfisher Way, Fleetwood, Lancashire FY7 8SB3
£139K07/210.3 mi37, Kingfisher Way, Fleetwood, Lancashire FY7 8SB3
£82.5K10/210.31 mi16, Brathay Place, Fleetwood, Lancashire FY7 8DJ3
£120K11/210.32 mi16, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£140K10/230.32 mi31, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£129K12/200.32 mi38, Kenilworth Avenue, Fleetwood, Lancashire FY7 8BJ3
£185K11/220.33 mi12, Grange Road, Fleetwood, Lancashire FY7 8BH3
£130K10/210.35 mi24, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£130K08/230.35 mi24, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£146K01/240.35 mi5, Lonsdale Avenue, Fleetwood, Lancashire FY7 7DN3
£154.9K11/210.36 mi37, Beach Road, Fleetwood, Lancashire FY7 8PS3
£162K02/210.36 mi13, Beach Road, Fleetwood, Lancashire FY7 8PS3
£175K04/230.36 mi13, Beach Road, Fleetwood, Lancashire FY7 8PS3
£96K04/210.37 mi11a, Derwent Avenue, Fleetwood, Lancashire FY7 8DS3
£160K10/200.37 mi16, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£181.5K03/230.37 mi16, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£115K11/210.37 mi9, Lonsdale Crescent, Fleetwood, Lancashire FY7 7DW3
£115K05/230.37 mi36, Beach Road, Fleetwood, Lancashire FY7 8PT3
£127.5K04/210.37 mi32, Beach Road, Fleetwood, Lancashire FY7 8PT3
£100K09/230.37 mi98, Shakespeare Road, Fleetwood, Lancashire FY7 7HJ3
£96K07/210.38 mi36, Chatsworth Avenue, Fleetwood, Lancashire FY7 8EQ3
£93K04/210.39 mi61, Mowbray Road, Fleetwood, Lancashire FY7 7JJ3

Local Rents

30 rents from £595/mo to £1.1K/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£90004/240.18 miKnowsley Gate, Fleetwood, Lancashire, FY73
£75002/240.27 mi-3
£82007/240.29 mi-3
£75004/240.31 miBrathay Place, Fleetwood, FY73
£1,15008/240.33 mi-3
£59512/240.54 mi-3
£95004/240.54 mi-3
£95012/240.54 miSouthwood Avenue, Fleetwood, FY73
£72504/240.56 miWhinfield Avenue, Fleetwood, FY73
£70004/240.73 miLindel Road, Fleetwood, FY73
£67503/240.76 mi-3
£67504/240.76 miSeymour Street, Fleetwood, FY73
£77512/240.76 miGreenway, Fleetwood, Lancashire, FY73
£89512/240.76 mi-3
£72504/240.76 miHeathfield Road, Fleetwood, FY73
£82510/240.77 mi-3
£69508/240.8 mi-3
£90005/240.81 mi-3
£90004/240.83 miPenrhos Avenue, Fleetwood, Lancashire, FY73
£95012/240.84 mi-3
£67512/240.86 mi-3
£75004/240.89 miAddison Road, Fleetwood, FY73
£71512/240.9 mi-3
£75004/240.96 miAsh Street, Fleetwood.3
£75004/240.98 miAsh Street, Fleetwood, Lancashire, FY73
£87501/251 mi-3
£89504/241.12 miLaurel Avenue, Fleetwood3
£85004/241.16 miPreston Street, Fleetwood, Lancashire, FY73
£85004/241.2 miLondon Street, Fleetwood, Lancashire, FY73
£85012/241.2 miLondon Street, Fleetwood, Lancashire, FY73

Local Area Statistics

Population in FY7

25,913

Population in Fleetwood

25,917

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

5.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-5%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £325,000

July 1, 2024

Sold for £205,000

2001

Floor Plans

Description

  • Private Well Established Rear Garden +
  • Three Bedrooms, Master En Suite, +
  • Integral Double Garage, Plus Off Road Parking +
  • No chain, +
  • Desirable location. +
  • HUGE Potential - Updating Required +

A Rare Opportunity Has Arisen To Purchase A Property, With Endless Potential, In A Prime Location, In Need Of Work Throughout And Modernisation. Situated In An Idyllic Location With Uninterrupted Views Of The Golf Course & Irish Sea Beyond. Along With The Added Convenience Of No Onward Chain! This Extremely Spacious Property Footprint Boasts Three Double Bedrooms, Two Reception Rooms, Fitted Kitchen, Family Bathroom, Ground Floor WC, En-Suite, Sun Room, Large Rear Garden, Double Garage & Horse Shoe Driveway Offering Off Road Parking For Numerous Vehicles.

This spacious four bed detached family house is conveniently located just off The Esplanade, Fleetwood offers fantastic potential in abundance and is ideal for a variety of buyers looking to move and create their perfect home! Very close to both Fleetwood promenade and centre and within short distance to all local amenities, shops, Fleetwood promenade, local schools the property is perfectly positioned.

This property comes offers endless potential to create the perfect family home, with your own stamp in a desirable location. 

Upon entry is a large Oak door leading into an entrance porch way, creating a space to tae shoes off before entering the spacious lounge. The double front lounge is a fantastic size with feature stone wall and fire place with gas fire. The lounge leads off into an additional hallway space which leads into a family bathroom and the kitchen.

The fitted kitchen is in need of modernisation, offering a wide range of  wall mounted and base units with extensive work surfaces. Integrated appliances include, double oven, four ring electric hob with extractor over and dishwasher. Large window above the sink offering plenty of natural light and views of the rear garden. External door leads out to the side elevation of the property. 

Adjacent from the kitchen the family bathroom is a generous size, consisting of shower cubicle, vanity sink unit with storage under, low flush wc and feature floor to ceiling tiled walls. 

The ground floor also offers two double bedrooms, a ground floor toilet and access to the integral double garage. Both bedrooms are a fantastic size offering large windows, fitted wardrobes and ample space for freestanding furniture. The ground floor wc comprise low flush wc and pedestal hand wash basin, but would make the perfect opportunity to create a Jack and Jill bathroom. 

There is a large sitting area, master bedroom and sun room to the first floor landing. The First floor landing would make the perfect sitting area with views over the golf course and access to the fantastic size roof top sun room. 

The master bedroom is a generous size offering fitted wardrobes, large window to the side aspect and en suite. The en-suite comprises separate wc with low flush toilet, pedestal hand wash basin and shower cubicle. 

Externally, the rear garden would benefit from some maintenance but offers a fantastic rear garden, mostly laid to lawn, mature trees, paved seating area and pond. Along with the added addition of  fenced boundaries, offering privacy. The rear garden benefits from brick built outhouse/workshop.

Externally to the front aspect, are views of the golf course, horse shoe driveway offering ample space for off street parking for several cars, a double garage and double gates through to additional parking, which was previously utilised as a carport. 

This property offers endless potential and is not to be missed out on. Viewings are available now, SO CALL UNIQUE FLEETWOOD TODAY TO SECURE YOUR VIEWING!

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 💪