2 Bed Flat, Refurb/BRRR, Blackpool, FY3 9DY, £115,000





ValuationOvervalued
Sold Prices | £45K - £150K |
Sold Prices/m² | £606/m² - £2.1K/m² |
| |
Square Metres | ~56.47 m² |
Price/m² | £2K/m² |
Value Estimate | £49,300 |
| |
End Value (After Refurb) | £106,375 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £28,750 |
Stamp Duty & Legal Fees | £4,650 |
Refurb Costs | £23,067 |
Bridging Loan Interest | £3,019 |
Total Cash In | £61,236 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £106,375 |
Mortgage (After Refinance) | £79,781 |
Mortgage LTV | 75% |
Cash Left In | £61,236 |
Equity | £26,594 |
Rent Range | £520 - £1,350 |
Rent Estimate | £731 |
Running Costs/mo | £499 |
Cashflow/mo | £232 |
Cashflow/yr | £2,789 |
ROI | 5% |
Gross Yield | 8% |
Local Sold Prices
22 sold prices from £45K to £150K, average is £61.8K. £606/m² to £2.1K/m², average is £957/m².
Local Rents
51 rents from £520/mo to £1.4K/mo, average is £725/mo.
Local Area Statistics
Population in FY3 | 31,569 |
Population in Blackpool | 133,713 |
Town centre distance | 0.93 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.84 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +2% |
Sales demand | Balanced market |
Capital growth (5yrs) | +15% |
Property History
Listed for £115,000
August 19, 2024
Floor Plans


Description
Similar Properties
Like this property? Maybe you'll like these ones close by too.
3 Bed House, Refurb/BRRR, Blackpool, FY3 9AW
£170,000
9 months ago • 90 m²
3 Bed House, Refurb/BRRR, Blackpool, FY1 4HF
£135,000
6 months ago • 93 m²
3 Bed House, Refurb/BRRR, Blackpool, FY1 4HE
£95,000
9 views • 6 months ago • 93 m²
2 Bed Flat, Refurb/BRRR, Blackpool, FY1 5AY
£95,000
1 views • 4 months ago • 55 m²