4 Bed Bungalow, Refurb/BRRR, Blackpool, FY4 3QP, £225,000

Balham Avenue, South Shore, FY4 3QP - 8 months ago

Refurb/BRRR
~166 m²
+25 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£74,615

Bridging Loan Interest

£5,906

Total Cash In

£150,971

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£286,144

Mortgage (After Refinance)

£214,608

Mortgage LTV

75%

Cash Released

£45,858

Cash Left In

£105,113

Equity

£71,536

Rent Range

£650 - £1,850

Rent Estimate

£1,032

Running Costs/mo

£1,121

Cashflow/mo

£-89

Cashflow/yr

£-1,063

Gross Yield

6%













Local Rents

32 rents from £650/mo to £1.9K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,40003/250.06 mi-4
£67502/240.12 miIvy Avenue, Blackpool, FY4 3QG3
£89505/240.14 mi61 Faringdon Avenue3
£85004/240.17 miFaringdon Avenue, Blackpool, Lancashire, FY43
£95004/240.17 miHelens Close, Blackpool3
£95004/240.17 miHelens Close, Blackpool3
£95004/240.24 mi-3
£75004/240.28 mi80 Lindale3
£75005/240.28 mi80 Lindale3
£79504/240.28 mi17 Lindale Gardens3
£1,00004/240.3 miEdgeway Road, Blackpool, FY43
£1,00004/240.3 mi-3
£85004/240.31 miEndsleigh Gardens, Blackpool3
£79504/240.32 miEndsleigh Gardens, Blackpool3
£65012/230.33 mi-3
£90005/240.33 miGildabrook Road, Blackpool3
£85004/240.38 miCollyhurst Avenue3
£90004/240.39 mi-3
£87512/240.41 mi-3
£79504/240.44 mi33 Kingston Avenue3
£1,00004/240.46 miHampshire Place, Blackpool4
£1,19004/240.48 mi-3
£1,25004/240.48 miRosemary Avenue, Blackpool, FY43
£95003/250.55 mi-3
£99504/240.56 mi102 St Lukes Road4
£1,85004/240.57 miLytham Road, Blackpool, FY45
£1,85004/240.57 mi-5
£1,85004/240.57 mi-5
£1,19504/240.59 miFerndale Avenue, Blackpool, FY43
£1,10004/240.59 mi-3
£95011/240.6 mi-3
£1,25004/240.6 miSt. Lukes Road, Blackpool3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.59 miles away

Nearest school

0.40 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £225,000

February 16, 2025

Price changed to £235,000

October 7, 2024

Listed for £240,000

August 3, 2024

Floor Plans

Description

DECEPTIVELY SPACIOUS REQUIRES SOME COSMETIC MODERNISATION Four bedroom, extended detached dormer bungalow for sale on Balham Avenue in South Shore. The property is ideally located to local shops, amenities and the property features generous room sizes, a large home office, four double bedrooms, an integral garage and a good size rear garden. Briefly comprises; entrance hallway, lounge, dining room, kitchen, bathroom, bedroom one, utility room, office, conservatory, landing, three bedrooms, w.c, driveway parking and a good size west facing rear garden. CALL TO VIEW

GROUND FLOOR
HALLWAY
UPVC double glazed composite door to front aspect, stairs leading to first floor and radiator.

LOUNGE
5.53m x 3.90m (18'2 x 12'10)
UPVC double glazed bay window to the front aspect, gas fire and radiator.

DINING ROOM
2.70m x 2.50m (8'10 x 8'2)
UPVC double glazed window to the rear aspect and radiator.

KITCHEN
5.37m x 2.53m (17'7 x 8'4)
UPVC double glazed window to the rear aspect. Fitted with a range of wall and base units with complimentary work surfaces, space for fridge freezer, integral oven and hob with extractor fan over, stainless steel sink with drainer and mixer tap, plumbed integral dishwasher and radiator.

UTILITY ROOM
4..99m x 2.83m (16'4 x 9'3)
UPVC double glazed window and door to the side aspect, plumbed for washer and dryer, radiator and access to the garage.

OFFICE
5.73m x 3.55m (18'10 x 11'8)
UPVC double glazed windows to the side aspect, gas wall heater, radiator and sliding doors to the rear into;

CONSERVATORY
5.15m x 3.44m (16'11 x 11'3)
UPVC double glazed window and door to the side aspect.

BEDROOM ONE
4.01m x 3.99m (13'2 x 13'1)
UPVC double glazed bay window to the rear aspect and radiator.

BATHROOM
2.70m x 2.22m (8'10 x 7'3)
UPVC double glazed window to the side aspect, panelled bath with shower over, wash hand basin, low flush w.c and radiator.

FIRST FLOOR

LANDING

BEDROOM TWO
4.18m x 3.86m (13'9 x 12'8)
UPVC double glazed window to the front aspect, a range of fitted wardrobes and radiator.

BEDROOM THREE
3.58m x 2.52m (11'9 x 8'3)
UPVC doubled glazed window to the side aspect, a range of fitted wardrobes and radiator.

BEDROOM FOUR
2.74m x 2.61m (9'0 x 8'7)
UPVC double glazed window to rear aspect and radiator

W.C
UPVC double glazed velux window and low flush w.c.

EXTERNAL

FRONT
Driveway proving off street parking and gated access to the rear.

REAR
Mainly laid to lawn west facing rear garden, with mature trees and shrubs and paved patio area.

GARAGE
6.93m x 2.83m (22'9 x 9'3)
Electric up and over door, meter cupboard, light and power.

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?

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