3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 2PD, £215,000

North Drive, Cleveleys, FY5 2PD - 1 views - 8 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~94 m²
+17 photos

ValuationOvervalued

Sold Prices£90K - £700K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~93.83 m²
Price/m²£2.3K/m²

Value Estimate

£167,811

 

 

End Value (After Refurb)

£198,159

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£38,022

Bridging Loan Interest

£5,644

Total Cash In

£106,816

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£198,159

Mortgage (After Refinance)

£148,619

Mortgage LTV

75%

Cash Left In

£106,816

Equity

£49,540

Rent Range

£700 - £1,000

Rent Estimate

£858

Running Costs/mo

£811

Cashflow/mo

£47

Cashflow/yr

£566

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £90K to £700K, average is £186K. £1.1K/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£220K07/210.01 mi559, North Drive, Thornton-cleveleys, Lancashire FY5 2PD3
£90K11/200.07 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£217K04/210.07 mi22, Wolsey Close, Thornton-cleveleys, Lancashire FY5 2NZ3
£130K10/210.08 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.08 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£110K02/230.1 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£150K07/230.16 mi2, Kent Avenue, Thornton-cleveleys, Lancashire FY5 2PS3
£385K01/210.19 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£170K07/230.19 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£438.2K02/230.2 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.2 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£254.8K03/230.2 mi132, West Drive, Thornton-cleveleys, Lancashire FY5 2JG3
£455K12/220.2 mi11, The Grove, Thornton-cleveleys, Lancashire FY5 2JD3
£190K06/230.22 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.22 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£120K09/210.22 mi20, Shakespeare Road, Fleetwood, Lancashire FY7 7HG3
£175K12/200.23 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£700K05/230.23 miAshville, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QP3
£177.5K02/230.25 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£133.5K10/200.25 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.25 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£170K09/210.27 mi4, Cypress Avenue, Thornton-cleveleys, Lancashire FY5 2JA3
£133K02/210.28 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£190K08/210.3 mi11, Allandale Avenue, Thornton-cleveleys, Lancashire FY5 2PU3
£258K07/230.3 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£204.9K01/230.3 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£126K07/230.3 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£300.6K07/230.31 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.31 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£192K12/210.34 mi52, Croasdale Drive, Thornton-cleveleys, Lancashire FY5 2AG3
£370K01/210.34 miThe Hawthorns, Linden Close, Thornton-cleveleys, Lancashire FY5 2RA3
£197K03/210.34 mi30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ3
£230K01/210.34 mi32, Seniors Drive, Thornton-cleveleys, Lancashire FY5 2RD3
£108K05/210.34 mi16, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£128K10/200.34 mi8, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£242K12/220.34 mi1, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£205K11/200.34 mi3, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£120K11/220.34 mi6, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£132K02/230.34 mi17, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£165K11/210.35 mi28, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3
£157K08/210.35 mi26, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3
£177K09/210.35 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£110.1K12/200.36 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£228K02/210.36 mi24, Berwick Avenue, Thornton-cleveleys, Lancashire FY5 2JT3
£103K07/210.37 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£200K05/230.37 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£400K09/210.37 miWestoria, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QT3
£217K09/210.38 mi70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY3
£168K12/220.38 mi467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR3
£190K12/210.39 mi3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU3

Local Rents

19 rents from £700/mo to £1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£85004/240.1 mi-3
£97504/240.15 miStockdove Way, Thornton-Cleveleys3
£80004/240.22 miElms Avenue, Thornton-Cleveleys3
£82504/240.25 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.25 miCumberland Avenue, Thornton-Cleveleys3
£1,00003/250.32 mi-3
£70004/240.41 miVictoria Road West3
£90002/250.48 mi-3
£99504/240.49 miRossall Road, Thornton Cleveleys3
£75804/240.5 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£87504/240.5 miMayfield Avenue, THORNTON CLEVELEYS3
£87504/240.5 miMayfield Avenue, THORNTON CLEVELEYS3
£80004/240.52 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£82504/240.53 miMayfield Avenue, Thornton-Cleveleys, Lancashire, FY53
£82504/240.56 mi-3
£92704/240.58 miNorth Drive, Cleveleys, FY53
£93204/240.58 mi-3
£97503/250.58 mi-3
£90005/240.61 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.79 miles away

Nearest school

0.30 miles away

Nearest train station

2.86 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £215,000

July 31, 2024

Floor Plans

Description

NO CHAIN Extended and recently fully renovated three bedroom semi detached house for sale on North Drive, Cleveleys. The property is situated in a great location, within easy reach of Cleveleys and Bispham centre and the sea front. Briefly comprising; hallway, lounge, kitchen, dining room, ground floor w.c, landing, two double bedrooms, one single bedroom, four piece bathroom suite, front garden providing off road parking and a rear garden. The property is UPVC double glazed, gas central heated and must be viewed to appreciate. Renovations include: new roof, new kitchen, new bathroom, newly plastered walls, new radiators, new boiler fitted in June 2024 and new rendering to the outside of the property.

HALLWAY
UPVC double glazed window and door to the front aspect, stairs to the first floor, radiator.

LOUNGE
14`0 x 11`10 (4.27m x 3.60m)
UPVC double glazed window to the front aspect, radiator.

DINING ROOM
14`0 x 12`1 (4.26m x 3.68m)
UPVC window to the rear aspect and open to:-

KITCHEN
13`10 x 8`4 (4.21m x 2.54m)
UPVC double glazed door and window to the rear and side aspects, modern fitted wall and base units, complimentary work tops, induction hob with extractor fan, integrated oven and grill, integrated dishwasher, sink and drainer with mixer tap, space for fridge freezer and plumbed for washing machine.

W.C
3`6m x 1`10 (1.06m x 0.57m)
UPVC double glazed window to the side aspect, low flush w.c, wash hand basin.

LANDING
UPVC double glazed window to the side aspect, loft hatch.

BEDROOM ONE
14`3 x 11`7 (4.34m x 3.52m)
UPVC double glazed window to the front aspect, radiator.

BEDROOM TWO
11`11 x 11`6 (3.62m x 3.51m)
UPVC double glazed window to the rear aspect, radiator.

BEDROOM THREE
7`1 x 6`7 (2.15m x 2.00m)
UPVC double glazed window to the front aspect, radiator.

BATHROOM
8`8 x 6`9 (2.65m x 2.05m)
UPVC double glazed opaque window to the rear aspect, shower cubicle, panelled bath, low flush w.c, wash hand basin and heated towel radiator.

EXTERNAL

FRONT
Driveway providing off road parking.

REAR
Mainly gravelled with a newly laid patio area.

TENURE
We have been informed that the property is Leasehold; it's a 999 year lease from 1st January 1938. 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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