4 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 9DR, £200,000

Gregory Avenue, Bispham, FY2 9DR - 1 views - 9 months ago

Sold STC
Refurb/BRRR
~156 m²
+25 photos

ValuationFair Value

Sold Prices£113K - £432.5K
Sold Prices/m²£998/m² - £4.2K/m²

 

 

Square Metres

~156 m²
Price/m²£1.3K/m²

Value Estimate

£200,000

 

 

End Value (After Refurb)

£261,161

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£63,742

Bridging Loan Interest

£5,250

Total Cash In

£127,942

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£261,161

Mortgage (After Refinance)

£195,871

Mortgage LTV

75%

Cash Released

£45,871

Cash Left In

£82,071

Equity

£65,290

Rent Range

£650 - £1,600

Rent Estimate

£1,020

Running Costs/mo

£1,040

Cashflow/mo

£-20

Cashflow/yr

£-242

Gross Yield

6%

Local Sold Prices

46 sold prices from £113K to £432.5K, average is £245K. £998/m² to £4.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£160K04/230.04 mi34, Everest Drive, Bispham, Blackpool FY2 9DP4
£217.5K11/200.13 mi31, Boston Avenue, Blackpool FY2 9DA4
£300K01/230.15 mi601, Devonshire Road, Bispham, Blackpool FY2 0AR4
£432.5K11/200.15 mi615, Devonshire Road, Blackpool FY2 0AR4
£255K06/210.22 mi38, Guildford Avenue, Blackpool FY2 9BE4
£167K02/230.22 mi78, Montpelier Avenue, Bispham, Blackpool FY2 9EH4
£173.5K11/210.26 mi61, All Hallows Road, Blackpool FY2 0AY4
£221K06/230.29 mi19, Sandhurst Avenue, Bispham, Blackpool FY2 9AU4
£185K09/210.29 mi9, Sandhurst Avenue, Bispham, Blackpool FY2 9AU4
£224K04/210.34 mi6, Madison Avenue, Blackpool FY2 9HE4
£235K06/210.34 mi15, Madison Avenue, Blackpool FY2 9HE4
£245K11/200.37 mi81, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1SB4
£185K01/210.38 mi278, Bispham Road, Bispham, Blackpool FY2 0HQ4
£170K06/210.4 mi25, Sunny Bank Avenue, Blackpool FY2 9EQ4
£390K10/220.44 mi532, Devonshire Road, Bispham, Blackpool FY2 0JT4
£305K03/230.52 mi527, Devonshire Road, Bispham, Blackpool FY2 0JX4
£145K04/230.55 mi61, Hesketh Avenue, Bispham, Blackpool FY2 9JX4
£209.9K08/210.6 mi8, Carlton Grove, Blackpool FY2 9LA4
£123K11/200.66 mi32, Cavendish Road, Blackpool FY2 9JR4
£113K03/210.67 mi60, Pinewood Avenue, Blackpool FY2 0EF4
£365K06/210.72 miNew Cottage, Whiteholme Road, Thornton-cleveleys, Blackpool FY5 3HX4
£294.8K05/210.73 mi3, Poolhill Close, Thornton-cleveleys, Blackpool FY5 3HL4
£250K08/230.75 mi37, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ4
£155K05/210.81 mi93, Inver Road, Blackpool FY2 0RQ4
£210K09/210.81 mi172, Holmfield Road, Blackpool FY2 9PU4
£400K03/210.82 mi182, Bispham Road, Blackpool FY2 0LA4
£270K11/210.82 mi416, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3PJ4
£232K05/210.82 mi418, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3PJ4
£250K03/230.89 mi143, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG4
£384K02/230.89 mi141, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG4
£222.8K10/220.9 mi1, Shelly Close, Bispham, Blackpool FY2 0GU4
£313K07/230.9 mi11, Snowshill Crescent, Thornton-cleveleys, Blackpool FY5 3JD4
£280K01/230.9 mi17, Emerald Close, Thornton-cleveleys, Blackpool FY5 3LH4
£265K06/210.9 mi10, Emerald Close, Thornton-cleveleys, Blackpool FY5 3LH4
£319K11/220.9 mi4, Champagne Avenue, Thornton-cleveleys, Blackpool FY5 3UB4
£200K06/210.9 mi15, Pembroke Avenue, Blackpool FY2 9PS4
£390K01/230.91 mi560, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PH4
£276K12/220.92 mi5, Tarragon Drive, Blackpool FY2 0WH4
£154K01/230.93 mi2, Keats Close, Bispham, Blackpool FY2 0GF4
£250K05/230.93 mi2, Bordeaux Crescent, Thornton-cleveleys, Blackpool FY5 3UE4
£285K09/210.94 mi12, Fennel Close, Blackpool FY2 0WA4
£232K08/220.94 mi8, Fennel Close, Blackpool FY2 0WA4
£245K10/200.94 mi52, Tarragon Drive, Blackpool FY2 0WN4
£238K03/210.94 mi6, Chardonnay Crescent, Thornton-cleveleys, Blackpool FY5 3UH4
£247.9K06/210.98 mi4, Thyme Close, Blackpool FY2 0WD4
£317K11/220.99 mi25, Tarragon Drive, Blackpool FY2 0WJ4

Local Rents

36 rents from £650/mo to £1.6K/mo, average is £968/mo.

RentDateDistanceAddressBeds 
£1,10005/240.05 miRivington Avenue, Bispham, Blackpool3
£95002/250.07 mi-3
£85004/240.09 mi-3
£1,60006/240.18 mi-6
£1,60005/240.18 miDevonshire Road, Blackpool, FY26
£85004/240.19 miDevonshire Road, Bispham3
£1,00004/240.2 miDevonshire Road, Bispham, Blackpool3
£1,20004/240.26 mi-3
£1,25004/240.26 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.26 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.26 miMontpelier Avenue, Blackpool, FY23
£1,25006/240.26 mi-3
£1,15006/240.26 mi-3
£1,25003/250.26 mi-3
£90012/230.28 mi-3
£97503/250.28 mi-3
£85005/240.28 miSandhurst Avenue, Bispham, FY2 9EB3
£65004/240.3 mi340 Queens Promenade, Blackpool3
£69504/240.3 miDales View, Queens Promenade, Blackpool, FY2 9AB3
£99504/240.32 mi-3
£89504/240.32 mi-3
£99504/240.32 mi-3
£99504/240.32 mi-3
£99505/240.32 mi-3
£89504/250.36 mi-3
£1,35001/250.38 mi-4
£1,30001/250.39 mi-4
£96003/250.39 mi-4
£87512/230.41 mi-3
£89505/240.48 miCavendish Road, FY23
£80004/240.49 mi-3
£92504/240.5 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£85005/240.51 miBuxton Avenue, FY23
£85001/240.59 mi-3
£89504/240.62 miEdenvale Avenue, FY23
£85001/250.62 mi-3

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.99 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £200,000

July 5, 2024

Floor Plans

Description

* NO CHAIN * Ideally located and deceptively spacious four/five bedroom semi detached family home situated on Gregory Avenue in Bispham. The property is in need of modernisation throughout, located in a popular residential location and features good size rooms throughout, a kitchen/dinning room, orangery, master with en-suite and a large rear garden. Briefly comprising: Entrance hallway, lounge, reception room/bedroom, orangery, kitchen/dinning room, shower room, landing, four bedrooms, master with en-suite, family bathroom, rear garden, driveway and detached garage.
CALL TO VIEW

GROUND FLOOR

ENTRANCE HALLWAY
UPVC double glazed entrance door, radiator, meter cupboard and staircase leading to the first floor.

LOUNGE
7.42m x 3.74m (24'4 x 12'3)
UPVC double glazed bay window, gas fire and two radiators.

ORANGERY
2.82m x 2.51m (9'3 x 8'3)
UPVC double glazed windows surround and patio door to the rear.

KITCHEN
6.78m x 4.97m (22'3 x 16'4)
UPVC double glazed window to the rear aspect and door to the side. A range of wall and base units with complementary work surfaces, plumbed for washer and dryer, space for fridge/freezer, stainless steel sink with drainer unit and mixer tap, space for fridge/freezer and two radiators.

RECEPTION ROOM/BEDROOM
4.20m x 3.64m (13'9 x 11'11)
UPVC double glazed window to the front aspect and radiator.

SHOWER ROOM
2.68m x 1.60m (8'10 x 5'3)
UPVC double glazed window to the side aspect, shower cubical, wash hand basin, low flush w.c and radiator.

FIRST FLOOR

LANDING
UPVC double glazed window and loft access.

BEDROOM ONE
4.64m x 3.64m (15'3 x 11'11)
UPVC double glazed window to the front aspect, walk in wardrobe and radiator.

EN-SUITE
2.36m x 1.68m (7'9 x 5'6)
UPVC double glazed window to the rear aspect, low flush w.c, wash hand basin, shower cubical and radiator.

BEDROOM TWO
3.99m x 3.42m (13'1 x 11'3)
UPVC double glazed window to the rear aspect and radiator.

BEDROOM THREE
3.42m x 3.12m (11'3 x 10'3)
UPVC double glazed bay window to the front aspect and radiator.

BEDROOM FOUR
2.88m x 2.39m (9'5 x 7'10)
UPVC double glazed window to the front aspect and radiator.

BATHROOM
2.42m x 1.68m (7'11 x 5'6)
UPVC double glazed window to the rear aspect, low flush w.c, wash hand basin, panelled bath with shower overhead and radiator.

EXTERNAL

FRONT
Driveway parking and gated access to the rear.

REAR
Mainly laid to lawn, paved patio area, mature trees and shrubs and gated access to detached garage and more parking.

TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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