2 Bed Bungalow, Single Let, Blackpool, FY2 0HS, £250,000

Fernleigh Close, Bispham, Blackpool, Lancashire, FY2 0HS - 3 views - 8 months ago

BTL

~72 m²

+12 photos

ValuationOvervalued

Sold Prices	£85K - £258K
Sold Prices/m²	£1.1K/m² - £3.4K/m²

Square Metres	~71.50 m²
Price/m²	£3.5K/m²
Value Estimate	£148,752£148,752

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£62,500£62,500
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£71,200£71,200

Cash Out
Rent Range	£530 - £900£530 - £900
Rent Estimate	£583
Running Costs/mo	£918£918
Cashflow/mo	£-335£-335
Cashflow/yr	£-4,018£-4,018
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £85K to £258K, average is £151.5K. £1.1K/m² to £3.4K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£114K	06/23	0.07 mi	12, Blackpool Road, Bispham, Blackpool FY2 0HR	£1,390	82	2	Semi-Detached House
£115K	06/23	0.07 mi	6, Blackpool Road, Bispham, Blackpool FY2 0HR	£1,474	78	2	Terraced House
£107K	11/20	0.08 mi	42, Blackpool Road, Blackpool FY2 0HT	£1,726	62	2	Semi-Detached House
£250K	06/22	0.1 mi	592, Devonshire Road, Bispham, Blackpool FY2 0JU	£2,976	84	2	Detached House
£250K	04/23	0.17 mi	546, Devonshire Road, Bispham, Blackpool FY2 0JT	-	-	2	Semi-Detached House
£180K	07/22	0.18 mi	16, Landseer Avenue, Bispham, Blackpool FY2 9EF	£2,250	80	2	Detached House
£139.3K	06/21	0.19 mi	3, Codale Avenue, Blackpool FY2 0BA	£2,532	55	2	Semi-Detached House
£115K	04/21	0.19 mi	7, Codale Avenue, Bispham, Blackpool FY2 0BA	£1,885	61	2	Semi-Detached House
£105K	02/21	0.2 mi	54, Bryning Avenue, Blackpool FY2 9LZ	£1,221	86	2	Semi-Detached House
£115K	08/21	0.22 mi	82, Ashfield Road, Blackpool FY2 0DJ	£1,691	68	2	Terraced House
£85K	11/21	0.22 mi	20, Ashfield Road, Blackpool FY2 0DJ	-	-	2	Semi-Detached House
£98K	07/23	0.22 mi	26, Ashfield Road, Bispham, Blackpool FY2 0DJ	£1,690	58	2	Semi-Detached House
£245K	07/22	0.23 mi	14, Salop Avenue, Bispham, Blackpool FY2 9NB	-	-	2	Detached House
£177.5K	12/22	0.34 mi	12, Fairfax Avenue, Bispham, Blackpool FY2 0DA	£3,327	53	2	Semi-Detached House
£255K	09/21	0.36 mi	6, Village Way, Bispham, Blackpool FY2 0AH	£2,414	106	2	Detached House
£145K	05/23	0.37 mi	55, Beaufort Avenue, Bispham, Blackpool FY2 9AT	£2,042	71	2	Semi-Detached House
£125K	10/22	0.37 mi	121, Cavendish Road, Bispham, Blackpool FY2 9NJ	£1,471	85	2	Terraced House
£116K	12/20	0.38 mi	41, Bryning Avenue, Bispham, Blackpool FY2 9LU	£1,841	63	2	Semi-Detached House
£120K	06/23	0.39 mi	2, Upwood Close, Bispham, Blackpool FY2 0EX	-	-	2	Semi-Detached House
£195K	12/22	0.4 mi	1, Fairfax Avenue, Bispham, Blackpool FY2 0BY	£2,191	89	2	Semi-Detached House
£158K	06/23	0.41 mi	28, Fairfax Avenue, Bispham, Blackpool FY2 0DA	-	-	2	Semi-Detached House
£145K	05/21	0.41 mi	12, Falkirk Avenue, Bispham, Blackpool FY2 9DD	-	-	2	Semi-Detached House
£205K	06/23	0.41 mi	12, Falkirk Avenue, Bispham, Blackpool FY2 9DD	-	-	2	Semi-Detached House
£159K	05/21	0.43 mi	83, Everest Drive, Blackpool FY2 9DJ	£2,484	64	2	Semi-Detached House
£112.5K	11/20	0.43 mi	42, Longford Avenue, Blackpool FY2 0BN	£1,974	57	2	Semi-Detached House
£100K	06/21	0.44 mi	14, Epping Close, Bispham, Blackpool FY2 0BL	-	-	2	Semi-Detached House
£175K	06/23	0.44 mi	129, Ashfield Road, Bispham, Blackpool FY2 0BU	£2,273	77	2	Semi-Detached House
£175K	03/21	0.44 mi	16, Boston Avenue, Blackpool FY2 9BZ	£2,431	72	2	Detached House
£220K	12/22	0.44 mi	16, Boston Avenue, Blackpool FY2 9BZ	£3,056	72	2	Detached House
£159.9K	11/21	0.44 mi	20, Montpelier Avenue, Blackpool FY2 9AE	£1,568	102	2	Semi-Detached House
£215K	12/22	0.45 mi	44, Hanover Crescent, Bispham, Blackpool FY2 9DL	-	-	2	Semi-Detached House
£148K	11/20	0.45 mi	4, Hanover Crescent, Bispham, Blackpool FY2 9DL	£2,552	58	2	Semi-Detached House
£184.9K	12/22	0.45 mi	1, Glossop Close, Blackpool FY2 9DE	-	-	2	Semi-Detached House
£118K	05/21	0.47 mi	5, Silverdale, Bispham, Blackpool FY2 0DE	-	-	2	Semi-Detached House
£125K	11/20	0.48 mi	2, Highcroft Avenue, Bispham, Blackpool FY2 0BJ	£2,119	59	2	Semi-Detached House
£219.9K	11/21	0.49 mi	39, Glenfield Avenue, Blackpool FY2 0DB	-	-	2	Detached House
£258K	06/23	0.49 mi	35, Shirley Crescent, Bispham, Blackpool FY2 0AA	-	-	2	Semi-Detached House
£102K	07/23	0.49 mi	10, Lothian Place, Bispham, Blackpool FY2 0EZ	-	-	2	Semi-Detached House
£155K	07/23	0.49 mi	14, Cranleigh Avenue, Bispham, Blackpool FY2 9LG	-	-	2	Semi-Detached House
£235K	08/23	0.5 mi	3, Lanark Avenue, Bispham, Blackpool FY2 9DN	£3,013	78	2	Semi-Detached House
£237.5K	05/21	0.5 mi	19, Duncan Avenue, Blackpool FY2 9DB	£2,862	83	2	Detached House
£112.5K	03/23	0.52 mi	25, Normandie Avenue, Blackpool FY2 0LE	-	-	2	Semi-Detached House
£130K	03/23	0.52 mi	15, Normandie Avenue, Blackpool FY2 0LE	£1,663	78	2	Semi-Detached House
£220K	01/23	0.52 mi	18, All Saints Road, Thornton-cleveleys, Blackpool FY5 3AL	-	-	2	Detached House
£230K	01/23	0.52 mi	5, Portway, Bispham, Blackpool FY2 0DF	£3,380	68	2	Semi-Detached House
£219K	12/22	0.53 mi	65, Guildford Avenue, Blackpool FY2 0AB	£3,221	68	2	Semi-Detached House
£180K	12/20	0.53 mi	54, Guildford Avenue, Blackpool FY2 0AB	£1,748	103	2	Semi-Detached House
£100K	07/23	0.55 mi	28, Portree Road, Bispham, Blackpool FY2 0DG	£1,316	76	2	Semi-Detached House
£105.5K	02/21	0.56 mi	10, Glendale Close, Blackpool FY2 0BS	£1,077	98	2	Semi-Detached House
£110K	01/21	0.56 mi	17, Glendale Close, Blackpool FY2 0BS	-	-	2	Semi-Detached House

Local Rents

13 rents from £530/mo to £900/mo, average is £695/mo.

Rent	Date	Distance	Address	Beds	Type
£900	04/24	0.2 mi	-	2	Bungalow
£850	04/24	0.2 mi	-	2	Bungalow
£695	04/24	0.25 mi	Munster Avenue, Blackpool, FY2 0HG	2	Semi-Detached House
£650	04/24	0.32 mi	Sandhurst Avenue, Blackpool, Lancashire, FY2	2	Flat
£625	04/24	0.32 mi	Sandhurst Avenue, FY2	2	Flat
£700	04/24	0.48 mi	-	2	Flat
£750	04/24	0.49 mi	4 Haddon Road, Blackpool, Blackpool	2	Flat
£750	04/24	0.49 mi	4 Haddon Road, Blackpool, Blackpool	2	Flat
£530	04/24	0.49 mi	Haddon Road, Blackpool, Lancashire, FY2	2	Flat
£575	04/24	0.5 mi	Red Bank Road, Blackpool, FY2	2	Flat
£825	02/25	0.51 mi	-	2	Bungalow
£595	04/24	0.53 mi	Chatsworth Avenue, FY2	2	Flat
£675	04/24	0.62 mi	Cavendish Road, Bispham, Blackpool	2	Flat

Local Area Statistics

Population in FY2	24,58924,589
Population in Blackpool	133,713133,713
Town centre distance	2.65 miles away2.65 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.16 miles away1.16 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+50%+50%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £250,000

August 28, 2024

Floor Plans

Description

Outstanding Two Bedroom Detached Bungalow Offering No Onward Chain! +
Open Plan Living, Kitchen & Diner +
Two Great Sized Bedrooms +
Sleek Four-Piece Bathroom Suite +
Brilliant Off Street Parking & Garage +
Beautiful Enclosed Garden +
Please Call The Office Now to Arrange a Viewing! +

Introducing this stunning two bedroom true bungalow with beautiful gardens and brilliant off street parking also offering no onward chain!

On internal inspection you have two great sized bedrooms, sleek four piece bathroom suite and open plan living room with kitchen diner. The property benefits from off street parking and garage, uPvc Double Glazing, Gas Central Heating and a serene garden making the perfect sun trap!

Please call the office now to arrange a viewing on this outstanding property before missing out!

Agent Details

Entwistle Green, Cleveleys

01253 835078

Next Steps?

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

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