3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1ET, £200,000

43 Manor Drive, Thornton-cleveleys, Lancashire, FY5 1ET - 4 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 2%
79 m²
+18 photos

ValuationOvervalued

Sold Prices£82.5K - £455K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

79 m²
Price/m²£2.5K/m²

Value Estimate

£127,500

 

 

End Value (After Refurb)

£184,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£32,012

Bridging Loan Interest

£5,250

Total Cash In

£96,212

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£184,000

Mortgage (After Refinance)

£138,000

Mortgage LTV

75%

Cash Left In

£96,212

Equity

£46,000

Rent Range

£700 - £1,200

Rent Estimate

£918

Running Costs/mo

£779

Cashflow/mo

£139

Cashflow/yr

£1,673

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £82.5K to £455K, average is £176.3K. £1.1K/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£115K06/210 mi23, Manor Drive, Thornton-cleveleys, Lancashire FY5 1ET3
£103K07/210.1 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£126K07/230.13 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£182K03/210.13 mi23, Beachcomber Drive, Thornton-cleveleys, Lancashire FY5 1FD3
£220K03/230.14 mi3, Ocean Way, Thornton-cleveleys, Lancashire FY5 1FE3
£82.5K01/230.15 mi9, Clegg Avenue, Thornton-cleveleys, Lancashire FY5 1BJ3
£177.5K02/230.16 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£133.5K10/200.17 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.17 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£120K06/210.19 mi51, Nutter Road, Thornton-cleveleys, Lancashire FY5 1BQ3
£204.9K01/230.2 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£175K12/200.2 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£130K04/230.21 mi4, Slinger Road, Thornton-cleveleys, Lancashire FY5 1BN3
£283K07/230.24 mi26, North Promenade, Thornton-cleveleys, Lancashire FY5 1DW3
£164K05/210.25 mi11, Crossway, Thornton-cleveleys, Lancashire FY5 1LA3
£120K11/210.26 mi79, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£319.9K09/210.26 mi37, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£229.9K03/210.27 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£285K02/230.27 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£385K01/210.27 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£133K02/210.28 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£438.2K02/230.29 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.29 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£200K05/230.3 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£197K03/210.3 mi30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ3
£405K02/230.31 mi23, Queens Walk, Thornton-cleveleys, Lancashire FY5 1JU3
£170K07/230.31 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£184K12/200.31 mi84, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£186K08/210.31 mi82, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£169K08/230.32 mi9, South Avenue, Thornton-cleveleys, Lancashire FY5 1JY3
£110K02/230.32 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£130K10/210.33 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.33 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£160K04/230.34 mi14, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£187.5K03/230.34 mi6, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£163K07/230.36 mi43, Penrith Avenue, Thornton-cleveleys, Lancashire FY5 2NA3
£90K11/200.37 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£300.6K07/230.38 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.38 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£220K07/210.4 mi559, North Drive, Thornton-cleveleys, Lancashire FY5 2PD3
£258K07/230.4 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£190K06/230.41 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.41 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£86.5K04/210.41 mi10, Tebay Avenue, Thornton-cleveleys, Lancashire FY5 2NB3
£135K12/220.42 mi52, Green Drive, Thornton-cleveleys, Lancashire FY5 1LQ3
£190K12/210.42 mi3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU3
£155K12/210.43 mi24, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1DH3
£125K12/200.44 mi17, Green Drive, Thornton-cleveleys, Lancashire FY5 1LH3
£147.5K06/210.45 mi12, Crescent Avenue, Thornton-cleveleys, Lancashire FY5 3JE3
£455K12/220.45 mi11, The Grove, Thornton-cleveleys, Lancashire FY5 2JD3

Local Rents

20 rents from £700/mo to £1.2K/mo, average is £901/mo.

RentDateDistanceAddressBeds 
£75804/240.21 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£82504/240.24 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.24 miCumberland Avenue, Thornton-Cleveleys3
£1,00003/250.25 mi-3
£97504/240.28 miStockdove Way, Thornton-Cleveleys3
£90005/240.31 mi-3
£99504/240.31 miRossall Road, Thornton Cleveleys3
£85004/240.41 mi-3
£80004/240.43 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£90002/250.44 mi-3
£80004/240.47 miElms Avenue, Thornton-Cleveleys3
£70004/240.51 miVictoria Road West3
£90104/240.52 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£1,20005/240.53 miQueensbury Road, Thornton-Cleveleys3
£1,10008/230.59 mi-3
£99504/240.62 mi-3
£99504/240.62 mi-3
£89504/240.62 mi-3
£99504/240.62 mi-3
£99504/240.62 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.17 miles away

Nearest school

0.90 miles away

Nearest train station

3.12 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £200,000

August 3, 2024

Sold for £122,500

2020

Sold for £23,000

1997

Floor Plans

Description

  • Modern Family Bathroom. +
  • Three Bedrooms. +
  • Separate Lounge. +
  • Ready To Walk Into Semi Detached Family Home, +
  • Close To Amenities +
  • STUNNING Open Plan Kitchen, Dining And Family Room +
  • Extended Family Home In A Sought After Location +
  • Loft Space With Huge Potential +

Fantastic, Extended Semi Detached Family Home Situated In A Most Sought After, Quiet Residential Area A Short Distance From Cleveleys Town Centre Amenities To Include, Shops, Restaurants, Choice Of Primary Schools With Excellent Transport Links Nearby! With STUNNING Extended, Kitchen, Dining & Family Room, Separate Lounge, Three Bedrooms, Loft Room With Huge Potential. A Modern Family Bathroom With Great Size Garden & Potential For Off Road Parking. Internal Viewing Essential.

Following considerable updating and modernisation throughout, this family home is simply stunning and ready to walk into! recent works include:  NEW Roof (2021), Extended NEW Kitchen (2021), NEW Boiler (2021), Loft Room Boarded & Carpeted With Pull Down Ladder to mention a few updates undertaken...

The entrance hallway is inviting, light and airy with stairs to the first floor landing and doors through to the spacious lounge and open plan kitchen...

The stunning open plan kitchen, dining and family room is definitely the heart of this family home, having been extended it is a fantastic space offering a vast range of wall mounted, full length, space saving larder cupboards and base units in two tone white and grey matt finish, boasting soft close feature doors and hidden drawers. A breakfast counter is discreetly hidden within a cupboard unit with shelf for the kettle, toaster and microwave, brilliant for those who like a minimalist look.  Integrated appliances include NEFF oven with slide under glass door, NEFF Schott & Ceran Induction hob with built in under flow extractor. Dishwasher. Plumbed for washing machine and space for a condenser tumble dryer. Ample floor space for dining table and chairs. Patio doors and large feature window offer rear garden views.

The lounge is a great size with integrated shutters, cast iron multi fuel log burner, currently not in use, for personal preference.

There are three bedrooms to the first floor landing, two great size doubles and a well proportioned single. The double bedroom to the rear elevation benefits from built in modern open clothing space. 

The modern family bathroom comprises vanity sink and wc unit with storage under and bath with shower over.

Loft access via a pull down ladder on the landing, this space has been fully boarded and carpets offering huge potential to develop further. 

Externally this property boasts a large, easy to maintain rear garden with stone and raised decked seating area. There is a summer house/bar and double gates for off road parking. Gated easy to maintain, front garden with side access.

A Fantastic Family Home! That Will Not Be Around for Long! Call Unique Thornton To View TODAY!

EPC: D

Council Tax: B

Internal Living Space: 79sqm

Tenure: Freehold, to be confirmed by your legal representative.

Agent Details

Unique Estate Agency Ltd, Thornton Cleveleys

01253 835787

Next Steps?

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