3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 9AW, £170,000

Forest Gate, Blackpool, FY3 9AW - 8 months ago

Refurb/BRRR
ROI: 3%
~90 m²
+10 photos

ValuationOvervalued

Sold Prices£87.5K - £210K
Sold Prices/m²£829/m² - £2.8K/m²

 

 

Square Metres

~90.31 m²
Price/m²£1.9K/m²

Value Estimate

£100,725

 

 

End Value (After Refurb)

£153,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£36,891

Bridging Loan Interest

£4,463

Total Cash In

£91,903

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£153,000

Mortgage (After Refinance)

£114,750

Mortgage LTV

75%

Cash Left In

£91,903

Equity

£38,250

Rent Range

£695 - £2,000

Rent Estimate

£897

Running Costs/mo

£678

Cashflow/mo

£219

Cashflow/yr

£2,634

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £87.5K to £210K, average is £122K. £829/m² to £2.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£169.9K05/210.01 mi44, Forest Gate, Blackpool FY3 9AW3
£190K12/220.01 mi5, Forest Gate, Blackpool FY3 9AW3
£130K12/200.03 mi2, Maple Avenue, Blackpool FY3 9BJ3
£155K07/210.03 mi2a, Poplar Avenue, Blackpool FY3 9BH3
£119K12/200.06 mi3, Olive Grove, Blackpool FY3 9AS3
£145K12/200.06 mi16, Olive Grove, Blackpool FY3 9AS3
£153K05/230.06 mi3, Olive Grove, Blackpool FY3 9AS3
£153K03/230.06 mi13, Elm Avenue, Blackpool FY3 9BQ3
£124K11/200.06 mi10, Elm Avenue, Blackpool FY3 9BQ3
£185K01/230.07 mi2a, Bryan Road, Blackpool FY3 9BE3
£185K01/230.08 mi16, Mere Road, Blackpool FY3 9AT3
£160K03/230.09 mi13, Hazel Grove, Blackpool FY3 9AX3
£185K11/200.15 mi1, Ridgwood Avenue, Blackpool FY3 8EL3
£210K05/210.15 mi1, North Park Drive, Blackpool FY3 8LP3
£115K12/200.16 mi18, Breck Road, Blackpool FY3 9DT3
£110K03/210.19 mi45, Dutton Road, Blackpool FY3 8DH3
£129.9K10/210.19 mi34, Dutton Road, Blackpool FY3 8DH3
£115K04/210.19 mi34, Dutton Road, Blackpool FY3 8DH3
£148.5K01/210.2 mi9, Liverpool Road, Blackpool FY1 4HG3
£112K02/210.2 mi70, Ascot Road, Blackpool FY3 8DF3
£170K02/210.21 mi177, Reads Avenue, Blackpool FY1 4HZ3
£90K01/210.21 mi20, Devonshire Road, Blackpool FY3 8AA3
£117.5K11/200.22 mi15, Collingwood Avenue, Blackpool FY3 8DE3
£120K01/210.22 mi5, Collingwood Avenue, Blackpool FY3 8DE3
£90K07/210.22 mi7, Collingwood Avenue, Blackpool FY3 8DE3
£124.5K08/210.22 mi61, Collingwood Avenue, Blackpool FY3 8DE3
£150K12/200.22 mi1, Westwood Avenue, Blackpool FY3 9DW3
£135K01/210.22 mi26, Westwood Avenue, Blackpool FY3 9DW3
£115K07/210.23 mi163, Palatine Road, Blackpool FY1 4DX3
£145K10/210.23 mi12, Marlborough Road, Blackpool FY3 9DX3
£100K07/210.24 mi38, Oxford Road, Blackpool FY1 3QL3
£89K11/200.24 mi30, Oxford Road, Blackpool FY1 3QL3
£87.5K05/230.24 mi15, Oxford Road, Blackpool FY1 3QL3
£104K05/210.24 mi254, Palatine Road, Blackpool FY1 4DU3
£110K03/230.24 mi230, Palatine Road, Blackpool FY1 4DU3
£142.5K12/210.24 mi48, Collingwood Avenue, Blackpool FY3 8BZ3
£179.9K08/230.25 mi269, Layton Road, Blackpool FY3 8ER3
£125K10/210.25 mi27, Gainsborough Road, Blackpool FY1 4DZ3
£134.9K02/210.25 mi1, Gorse Road, Blackpool FY3 9ED3
£130K03/210.26 mi11, Waterfoot Avenue, Blackpool FY3 8DB3
£92K03/210.26 mi31, Manor Road, Blackpool FY1 4EA3
£90K05/230.26 mi15, Manor Road, Blackpool FY1 4EA3
£92K03/210.26 mi31, Manor Road, Blackpool FY1 4EA3
£108K04/210.26 mi45, Manor Road, Blackpool FY1 4EA3
£120K06/230.27 mi68, Manor Road, Blackpool FY1 4EB3
£95K12/200.27 mi47, Portland Road, Blackpool FY1 4ED3
£118.5K01/230.29 mi6, Glen Street, Blackpool FY3 9EX3
£103K10/210.29 mi10, Glen Street, Blackpool FY3 9EX3
£110K06/230.29 mi4, Glen Street, Blackpool FY3 9EX3
£107K12/200.3 mi37, St Albans Road, Blackpool FY1 4EG3

Local Rents

44 rents from £695/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£95004/240.07 miBryan Road, Blackpool3
£95005/240.16 mi-3
£95001/240.19 mi-3
£75005/240.2 mi-3
£80004/240.21 mi16 Harley Road, Blackpool, FY3 9DY3
£95005/240.22 mi8 Westwood Avenue, Blackpool, FY3 9DW3
£82505/240.22 miWestwood Avenue, Blackpool3
£85005/240.24 mi-3
£79512/240.24 mi-3
£79501/250.24 mi-3
£75004/240.24 miManchester Road, Blackpool, FY3 8DN3
£71505/240.25 mi-3
£71505/240.25 mi-3
£71505/240.25 miLayton Road, Blackpool, FY33
£90005/240.25 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£80005/240.31 miManchester Road, Blackpool, FY3 8BP3
£85004/240.32 mi34 Woodland Grove3
£85001/250.33 mi-3
£80005/240.34 mi-3
£80005/240.34 mi-3
£92503/240.34 mi-3
£75004/240.37 miCaunce Street, Blackpool3
£80005/240.37 mi28 Gloucester Avenue3
£1,05002/250.38 mi-3
£90004/240.39 miWilkinson Avenue, Blackpool3
£80004/240.4 miSelbourne Road, Blackpool, Lancashire, FY13
£70004/240.4 miPeter Street, Blackpool, FY1 3LT3
£1,50003/250.41 mi-3
£90002/250.41 mi-3
£69504/250.42 mi-3
£72501/250.46 mi-3
£72501/250.46 mi-3
£95004/240.49 miDeneway Avenue, Blackpool3
£80004/240.5 miPark Road, Blackpool, FY1 5QN3
£1,20004/250.51 mi-3
£85005/240.51 mi-3
£90004/240.52 miSouth King Street, Blackpool3
£2,00002/250.55 mi-3
£2,00002/250.55 mi-3
£92504/240.56 mi-3
£80004/240.59 mi-3
£70004/240.59 miHardman Street, Blackpool, Lancashire, FY13
£77505/240.6 miHardman Street, Blackpool3
£72504/240.6 miHarrison Street, Blackpool, Lancashire, FY13

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £170,000

July 25, 2024

Floor Plans

Description

  • Spacious 3 Bedroom Family Home +
  • Prime Location within Close Proximity to the Picturesque Stanley Park +
  • Entrance vestibule, Hallway, Lounge, Second Reception Room, Dining Room, Kitchen, Conservatory, GF Shower Room +
  • 3 Double Bedrooms, 4 piece suite Bathroom, Separate WC +
  • Garage, Workshop, Private Garden +
  • No Onward Chain +
  • In need of some modernisation +

Nestled in a prime location within close proximity to the picturesque Stanley Park, this spacious 3-bedroom semi-detached house presents an ideal opportunity for a growing family seeking a comfortable abode. Boasting an entrance vestibule, hallway, lounge, second reception room, dining room, kitchen, conservatory, and a convenient ground floor shower room, this property offers ample living space. Upstairs, you will find 3 double bedrooms, a 4-piece suite bathroom, and a separate WC. The property also features a garage, workshop, and a private garden, making it a desirable find for those looking to add their own touch to a well-located home. Offered with no onward chain, this house is awaiting its new owners to unlock its full potential.

The outdoor space of this property is just as enticing, with a wrap-around garden complete with a rear gate for easy access. Additionally, there is a brick outhouse, a garage with an accompanying workshop/storage room for those who need extra space. The garage to the rear offers convenience and practicality, giving you ample room for parking and storage needs. Whether you are looking to enjoy the tranquillity of the garden or tinker away in the workshop, this property provides the perfect blend of indoor comfort and outdoor charm for a fulfilling lifestyle.
EPC Rating: D

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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