2 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3DH, £145,000

Wood Green Drive, THORNTON-CLEVELEYS, Lancashire, FY5 3DH - 7 months ago

Sold STC

Refurb/BRRR

ROI: 1%

~82 m²

+12 photos

ValuationFair Value

Sold Prices	£72.5K - £230K
Sold Prices/m²	£1.1K/m² - £4.2K/m²

Square Metres	~81.50 m²
Price/m²	£1.8K/m²
Value Estimate	£145,000£145,000

End Value (After Refurb)	£162,864£162,864
Uplift in Value	+12%+12%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£36,250£36,250
Stamp Duty & Legal Fees	£8,450£8,450
Refurb Costs	£33,026£33,026
Bridging Loan Interest	£3,806£3,806
Total Cash In	£83,282£83,282

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£162,864£162,864
Mortgage (After Refinance)	£122,148£122,148
Mortgage LTV	75%75%
Cash Released	£13,398£13,398
Cash Left In	£69,884£69,884
Equity	£40,716£40,716
Rent Range	£595 - £975£595 - £975
Rent Estimate	£753
Running Costs/mo	£680£680
Cashflow/mo	£73£73
Cashflow/yr	£881£881
ROI	1%1%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £72.5K to £230K, average is £145K. £1.1K/m² to £4.2K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£72.5K	01/23	0.1 mi	64, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX	£1,497	48	2	Terraced House
£175K	11/22	0.1 mi	15, Bovington Avenue, Thornton-cleveleys, Lancashire FY5 3DW	£2,333	75	2	Detached House
£145K	05/23	0.1 mi	4, Bovington Avenue, Thornton-cleveleys, Blackpool FY5 3DW	-	-	2	Semi-Detached House
£153K	01/23	0.14 mi	42, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BY	£2,485	62	2	Semi-Detached House
£150K	08/21	0.14 mi	17, Epsom Road, Thornton-cleveleys, Blackpool FY5 3HS	£2,500	60	2	Semi-Detached House
£150K	08/21	0.14 mi	18, Bridgewater Avenue, Thornton-cleveleys, Blackpool FY5 3NA	£1,948	77	2	Semi-Detached House
£157K	02/23	0.15 mi	8, Fir Tree Place, Thornton-cleveleys, Blackpool FY5 3DP	-	-	2	Detached House
£130K	02/23	0.16 mi	7, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ	-	-	2	Terraced House
£124K	03/21	0.16 mi	20, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ	-	-	2	Terraced House
£158K	10/21	0.17 mi	9, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BX	£3,038	52	2	Semi-Detached House
£138K	07/23	0.18 mi	20, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ	-	-	2	Semi-Detached House
£129.9K	12/20	0.18 mi	50, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ	£2,166	60	2	Semi-Detached House
£160K	10/21	0.22 mi	38, Broadhurst Road, Thornton-cleveleys, Blackpool FY5 3HR	£2,667	60	2	Semi-Detached House
£133.5K	12/20	0.23 mi	2, Rockville Avenue, Thornton-cleveleys, Blackpool FY5 3SF	£1,935	69	2	Semi-Detached House
£196K	03/23	0.27 mi	74, Rosebank, Thornton-cleveleys, Lancashire FY5 3FL	£1,704	115	2	Terraced House
£100K	04/23	0.31 mi	46, Seabrook Drive, Thornton-cleveleys, Blackpool FY5 3SB	£1,149	87	2	Semi-Detached House
£145K	08/23	0.37 mi	52, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RX	£2,636	55	2	Terraced House
£117K	01/21	0.38 mi	29, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RU	£2,053	57	2	Semi-Detached House
£160K	06/23	0.39 mi	31, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SW	-	-	2	Semi-Detached House
£129.9K	11/22	0.4 mi	5, Honeysuckle Place, Bispham, Blackpool FY2 0PH	£2,063	63	2	Terraced House
£159.9K	08/23	0.4 mi	50, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS	£2,836	56	2	Semi-Detached House
£116K	01/21	0.4 mi	44, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS	£1,693	69	2	Semi-Detached House
£170K	11/21	0.46 mi	40, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BJ	£4,202	40	2	Semi-Detached House
£149K	12/20	0.48 mi	47, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BH	£2,483	60	2	Semi-Detached House
£192K	08/23	0.49 mi	225, Fleetwood Road South, Thornton-cleveleys, Lancashire FY5 5EA	£2,595	74	2	Semi-Detached House
£147K	11/22	0.54 mi	291, North Drive, Thornton-cleveleys, Blackpool FY5 3HT	£2,128	69	2	Terraced House
£145K	03/23	0.58 mi	63, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HW	-	-	2	Semi-Detached House
£156K	02/23	0.58 mi	26, Neville Drive, Thornton-cleveleys, Lancashire FY5 5EZ	-	-	2	Semi-Detached House
£148K	03/23	0.58 mi	48, Neville Drive, Thornton-cleveleys, Lancashire FY5 5EZ	£2,000	74	2	Semi-Detached House
£102.5K	02/21	0.58 mi	32, Neville Drive, Thornton-cleveleys, Lancashire FY5 5EZ	£1,265	81	2	Semi-Detached House
£130K	02/21	0.58 mi	5, Radnor Avenue, Thornton-cleveleys, Lancashire FY5 3PX	£1,711	76	2	Semi-Detached House
£125K	02/23	0.58 mi	9, Neville Drive, Thornton-cleveleys, Lancashire FY5 5EY	-	-	2	Semi-Detached House
£90K	12/22	0.65 mi	Lowentre, 26, Beattock Place, Blackpool FY2 0EH	-	-	2	Terraced House
£147K	01/23	0.66 mi	81, Hawthorne Road, Thornton-cleveleys, Lancashire FY5 5EL	£2,057	71	2	Semi-Detached House
£150K	02/23	0.67 mi	44, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF	£1,875	80	2	Semi-Detached House
£122.5K	08/23	0.67 mi	24, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF	£2,188	56	2	Semi-Detached House
£230K	06/23	0.69 mi	277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ	£3,651	63	2	Detached House
£139K	11/20	0.69 mi	277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ	£2,206	63	2	Detached House
£95K	01/21	0.7 mi	33, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU	£1,188	80	2	Semi-Detached House
£185K	12/20	0.7 mi	26, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU	£1,920	96	2	Detached House
£125K	11/21	0.7 mi	4, Saxon Close, Thornton-cleveleys, Lancashire FY5 5DU	£3,765	33	2	Semi-Detached House
£140K	02/23	0.7 mi	17, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU	£1,818	77	2	Semi-Detached House
£165K	02/23	0.71 mi	17, Pinewood Avenue, Thornton-cleveleys, Lancashire FY5 5EP	£2,797	59	2	Semi-Detached House
£135K	02/23	0.71 mi	55, Pinewood Avenue, Thornton-cleveleys, Lancashire FY5 5EP	-	-	2	Semi-Detached House
£166.5K	08/21	0.72 mi	52, Pinewood Avenue, Thornton-cleveleys, Lancashire FY5 5EW	-	-	2	Semi-Detached House
£230K	01/23	0.72 mi	5, Portway, Bispham, Blackpool FY2 0DF	£3,380	68	2	Semi-Detached House
£220K	01/23	0.73 mi	18, All Saints Road, Thornton-cleveleys, Blackpool FY5 3AL	-	-	2	Detached House
£110.5K	06/23	0.73 mi	22, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN	£1,754	63	2	Semi-Detached House
£131.3K	12/21	0.74 mi	21, Coniston Avenue, Thornton-cleveleys, Lancashire FY5 4AQ	£1,798	73	2	Semi-Detached House
£135K	06/21	0.74 mi	14, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW	£1,824	74	2	Semi-Detached House

Local Rents

50 rents from £595/mo to £975/mo, average is £738/mo.

Rent	Date	Distance	Address	Beds	Type
£750	04/24	0.24 mi	Eastpines Drive, Thornton-Cleveleys, FY5 3RY	2	Bungalow
£650	04/24	0.27 mi	Rosebank, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£695	04/24	0.27 mi	Rosebank, Thornton-Cleveleys	2	Flat
£775	05/24	0.29 mi	Seabrook Drive, Thornton Cleveleys	2	Bungalow
£695	12/24	0.33 mi	-	2	Flat
£750	04/24	0.34 mi	-	2	Flat
£695	01/25	0.5 mi	-	2	Flat
£595	04/24	0.6 mi	Kincraig Place, Thornton-Cleveleys, Lancashire, FY2	2	Flat
£825	12/24	0.64 mi	-	2	Bungalow
£825	04/24	0.64 mi	Kelvin Road, Thornton-Cleveleys, FY5	2	Bungalow
£825	02/25	0.74 mi	-	2	Bungalow
£775	03/24	0.76 mi	-	2	Terraced House
£750	03/24	0.78 mi	-	2	Terraced House
£795	04/24	0.78 mi	-	2	Bungalow
£850	05/24	0.78 mi	Fleetwood Road North, Thornton-Cleveleys, Lancashire, FY5	2	Semi-Detached House
£675	01/25	0.79 mi	-	2	Bungalow
£650	04/24	0.8 mi	-	2	Flat
£650	04/24	0.8 mi	-	2	Flat
£650	04/24	0.8 mi	Fleetwood Road North, Thornton-Cleveleys, FY5	2	Flat
£675	04/24	0.82 mi	Victoria Road East, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£875	04/24	0.82 mi	Devonshire Avenue, Thornton-Cleveleys, FY5	2	Bungalow
£700	04/24	0.82 mi	Victoria Road East, Thornton, FY5	2	Terraced House
£960	02/24	0.91 mi	-	2	Bungalow
£975	10/24	0.91 mi	-	2	Bungalow
£675	04/24	0.91 mi	Grange Avenue, Thornton-Cleveleys	2	Bungalow
£675	05/24	0.93 mi	St. Davids Court, St. Davids Avenue, Cleveleys	2	Flat
£700	04/24	0.95 mi	Lawsons Road, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£775	04/24	0.99 mi	Longton Avenue, Thornton-Cleveleys, FY5	2	Terraced House
£750	04/24	1 mi	-	2	Semi-Detached House
£850	05/24	1 mi	-	2	Semi-Detached House
£725	04/24	1 mi	-	2	Terraced House
£750	04/24	1.02 mi	PLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys	2	Flat
£725	03/25	1.03 mi	-	2	Semi-Detached House
£700	04/24	1.03 mi	Lancaster Avenue, FY5	2	Terraced House
£900	04/24	1.06 mi	-	2	Bungalow
£850	04/24	1.06 mi	-	2	Bungalow
£713	12/24	1.08 mi	-	2	Flat
£700	01/25	1.09 mi	-	2	Terraced House
£700	04/24	1.09 mi	5 Crescent West, Cleveleys. FY5 1AB	2	Flat
£650	04/24	1.1 mi	Trunnah Road, Thornton-Cleveleys, Lancashire, FY5	2	Terraced House
£695	04/24	1.1 mi	Fairhaven Close, Thornton-Cleveleys	2	Flat
£650	12/24	1.11 mi	-	2	Flat
£750	12/24	1.13 mi	Compton Close, Poulton-Le-Fylde, Lancashire, FY6	2	Semi-Detached House
£975	04/24	1.15 mi	8 Ruskin Avenue, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£850	03/25	1.15 mi	-	2	Terraced House
£600	12/24	1.15 mi	-	2	Flat
£750	12/24	1.15 mi	-	2	Flat
£950	04/24	1.16 mi	Tarnway Avenue, Thornton-Cleveleys, Lancashire, FY5	2	Detached House
£693	04/24	1.16 mi	Sandwell Avenue, Thornton-Cleveleys, Lancashire, FY5	2	Flat
£775	02/25	1.17 mi	-	2	Flat

Local Area Statistics

Population in FY5	44,80044,800
Town centre distance	0.80 miles away0.80 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.77 miles away1.77 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+21%+21%

Property History

Price changed to £145,000

December 26, 2024

Price changed to £142,500

December 19, 2024

Price changed to £150,000

November 8, 2024

Price changed to £154,950

September 26, 2024

Listed for £160,000

August 23, 2024

Floor Plans

Description

Two Bedroom Semi-Detached Dormer Bungalow +
Flexible Accommodation +
Renovation Project with No Onward Chain +
Open Aspects at The Front of the Property +
Great Storage Space +
Off Street Parking and Garage +
Enclosed Rear Garden +

Introducing Wood Green Drive! This two bedroom semi-detached dormer bungalow offers a wealth of potential for renovation and flexible accommodation to make it your forever home and offering no onward chain!

On internal inspection you are greeted with a brilliant sized lounge with great natural light coming through, through the hall there is a three piece bathroom. To the rear of the property there is the kitchen and spacious dining room which can be equally used as a bedroom.

To the first floor there is two double bedrooms and masses amount of storage this home is the perfect buy.

The property benefits from off street parking and garage, open aspects of the front elevation of the property and a great enclosed rear garden.

Please call the office now to arrange a viewing now!

Agent Details

Entwistle Green, Cleveleys

01253 835078

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3DL

£185,000

21 days ago • 96 m²

Sold STC

2 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3SL

£125,000

2 months ago • 68 m²