3 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 3NL, £99,950

53 Peter Street, Blackpool, FY1 3NL - 12 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 4%
116 m²
+14 photos

ValuationUndervalued

Sold Prices£38K - £185K
Sold Prices/m²£509/m² - £2.3K/m²

 

 

Square Metres

116 m²
Price/m²£862/m²

Value Estimate

£111,538
BMV1%

 

 

End Value (After Refurb)

£105,750

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£47,398

Bridging Loan Interest

£2,624

Total Cash In

£81,259

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£105,750

Mortgage (After Refinance)

£79,313

Mortgage LTV

75%

Cash Released

£4,350

Cash Left In

£76,909

Equity

£26,438

Rent Range

£500 - £2,000

Rent Estimate

£811

Running Costs/mo

£513

Cashflow/mo

£298

Cashflow/yr

£3,580

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £38K to £185K, average is £100K. £509/m² to £2.3K/m², average is £942/m².

PriceDateDistanceAddressBeds 
£89.5K08/210 mi84, Peter Street, Blackpool FY1 3NL3
£93.5K03/230 mi61, Peter Street, Blackpool FY1 3NL3
£85K05/230.06 mi101, Elizabeth Street, Blackpool FY1 3LZ3
£85K06/210.08 mi97, Peter Street, Blackpool FY1 3NN3
£67.5K02/210.09 mi13, Buchanan Street, Blackpool FY1 3LS3
£100K03/230.09 mi138, Caunce Street, Blackpool FY1 3NG3
£110K03/230.09 mi33, Buchanan Street, Blackpool FY1 3LR3
£100K07/210.1 mi38, Oxford Road, Blackpool FY1 3QL3
£89K11/200.1 mi30, Oxford Road, Blackpool FY1 3QL3
£87.5K05/230.1 mi15, Oxford Road, Blackpool FY1 3QL3
£92.5K05/230.11 mi38, Buchanan Street, Blackpool FY1 3LQ3
£90K01/210.13 mi20, Devonshire Road, Blackpool FY3 8AA3
£75K02/210.14 mi23 - 25, Peter Street, Blackpool FY1 3LT3
£75K02/210.14 mi23 - 25, Peter Street, Blackpool FY1 3LT3
£114K08/210.16 mi46, Selbourne Road, Blackpool FY1 3SA3
£114K08/210.16 mi46, Selbourne Road, Blackpool FY1 3SA3
£74.5K12/200.16 mi46, Selbourne Road, Blackpool FY1 3SA3
£70K11/200.17 mi35, Fisher Street, Blackpool FY1 3HX3
£72K07/210.18 mi108, Manchester Road, Blackpool FY3 8DP3
£104K11/210.19 mi86, Devonshire Road, Blackpool FY3 8AN3
£80.5K10/210.19 mi46, Coleridge Road, Blackpool FY1 3SD3
£102K01/210.19 mi35, Coleridge Road, Blackpool FY1 3SD3
£97.5K01/230.2 mi43, Coleridge Road, Blackpool FY1 3SD3
£148.5K01/210.2 mi9, Liverpool Road, Blackpool FY1 4HG3
£72K10/210.2 mi8, Fairhurst Street, Blackpool FY1 3HS3
£75K03/210.21 mi9, Fenton Road, Blackpool FY1 3RT3
£113K02/230.21 mi31, Fenton Road, Blackpool FY1 3RT3
£98K03/210.21 mi63, London Road, Blackpool FY3 8DJ3
£107.5K03/230.23 mi32, Victory Road, Blackpool FY1 3JT3
£113K01/210.23 mi17, Longton Road, Blackpool FY1 4HW3
£166.5K07/230.23 mi32, Longton Road, Blackpool FY1 4HW3
£64K03/210.23 mi45, Gorton Street, Blackpool FY1 3HP3
£64K03/210.23 mi45, Gorton Street, Blackpool FY1 3HP3
£185K03/230.24 mi39, Lincoln Road, Blackpool FY1 4HA3
£109K10/210.24 mi5, Lincoln Road, Blackpool FY1 4HA3
£85K07/210.26 mi26, Boothley Road, Blackpool FY1 3RS3
£110K03/210.27 mi45, Dutton Road, Blackpool FY3 8DH3
£129.9K10/210.27 mi34, Dutton Road, Blackpool FY3 8DH3
£115K04/210.27 mi34, Dutton Road, Blackpool FY3 8DH3
£185K01/230.28 mi2a, Bryan Road, Blackpool FY3 9BE3
£112K02/210.31 mi70, Ascot Road, Blackpool FY3 8DF3
£130K12/200.31 mi2, Maple Avenue, Blackpool FY3 9BJ3
£38K03/210.31 mi306, Talbot Road, Blackpool FY1 3QS3
£110K02/210.31 mi67, Addison Crescent, Blackpool FY3 8AG3
£137.5K06/230.32 mi22, Ascot Road, Blackpool FY3 8DG3
£117.5K11/200.33 mi15, Collingwood Avenue, Blackpool FY3 8DE3
£120K01/210.33 mi5, Collingwood Avenue, Blackpool FY3 8DE3
£90K07/210.33 mi7, Collingwood Avenue, Blackpool FY3 8DE3
£124.5K08/210.33 mi61, Collingwood Avenue, Blackpool FY3 8DE3
£170K02/210.33 mi177, Reads Avenue, Blackpool FY1 4HZ3

Local Rents

46 rents from £500/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£85001/250.02 mi-3
£75004/240.03 miCaunce Street, Blackpool3
£70004/240.14 miPeter Street, Blackpool, FY1 3LT3
£72501/250.16 mi-3
£72501/250.16 mi-3
£80004/240.16 miSelbourne Road, Blackpool, Lancashire, FY13
£1,20003/250.17 mi-3
£75005/240.18 mi-3
£80005/240.18 miManchester Road, Blackpool, FY3 8BP3
£75004/240.18 miManchester Road, Blackpool, FY3 8DN3
£69504/250.24 mi-3
£92503/240.27 mi-3
£1,50003/250.28 mi-3
£95004/240.28 miBryan Road, Blackpool3
£77505/240.29 miHardman Street, Blackpool3
£70004/240.29 miHardman Street, Blackpool, Lancashire, FY13
£90004/240.32 miSouth King Street, Blackpool3
£1,05002/250.33 mi-3
£90002/250.39 mi-3
£80002/250.41 mi-3
£90005/240.42 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£82512/240.42 mi-3
£71505/240.42 mi-3
£71505/240.42 mi-3
£71505/240.42 miLayton Road, Blackpool, FY33
£80005/240.43 mi-3
£80005/240.43 mi-3
£50012/240.46 mi-3
£65006/240.47 mi-3
£85004/240.49 miDevonshire Road, Blackpool, Lancashire, FY33
£95001/240.49 mi-3
£95005/240.49 mi-3
£2,00002/250.52 mi-3
£2,00002/250.52 mi-3
£80004/240.52 mi16 Harley Road, Blackpool, FY3 9DY3
£85004/240.54 miCoopers Way, Blackpool, FY13
£95005/240.54 mi8 Westwood Avenue, Blackpool, FY3 9DW3
£82505/240.55 miWestwood Avenue, Blackpool3
£80004/240.55 mi-3
£85005/240.56 mi-3
£79512/240.56 mi-3
£79501/250.56 mi-3
£80005/240.57 mi28 Gloucester Avenue3
£80005/240.61 miBraithwaite Street, Blackpool, FY1 2HS3
£85004/240.61 mi34 Woodland Grove3
£65004/240.62 miCheltenham Road, Blackpool, FY1 2PR3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.31 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £99,950

January 11, 2025

Listed for £110,000

September 4, 2024

Sold for £40,500

2000

Sold for £38,000

1998

Sold for £39,000

1997

Floor Plans

Description

  • 3 bedrooms +
  • 2 large reception rooms +
  • Large kitchen +
  • Garden and garage +
  • Re-wired +
  • New boiler +
  • UPVC double glazing +
  • Close to town centre +

This fantastic 3 bedroom terrace house would be an ideal fit for a family or an investor alike. It comes with a large rear walled garden, perfect for family use with the ability to create off street parking for multiple vehicles. In need of modernization, this property has a lot to offer. The rooms are a very generous size with high ceilings and large windows. Some work has already been carried out with a full electrical re wire and the installation of a new boiler fitted in 2023 which has a 5 year warranty. With some investment, this property could be made into a four bed property with a potential yield of 6.5% To the ground floor is a welcoming entrance hall, leading to the reception rooms and kitchen and a staircase to the first floor. There is a generous store cupboard under the staircase. The first reception room to the front of the property is a bright and airy space with a bay window and electric fire place. There is a central heating radiator, large period plaster coving and the floor is carpeted. The second reception room is a large bright room to the rear of the property and has a curved bay window. It has a gas fire place and a central heating radiator. This room also benefits from a large period plaster coving, a picture rail and the floor has been sanded and sealed. Leading from the entrance hall is a large kitchen, in need of total renovation but has the potential to be a great entertaining space, a door leads to the rear garden. To the first floor are three bedrooms, two of which would make decent doubles and a larger than average single. The rear bedroom is the largest and has cupboard that houses the boiler, there is a large UPVC window and a central heating radiator. The larger of the front bedrooms has a radiator and UPVC window. The family bathroom is a huge space and could probably be re-configured to accommodate another bedroom. The hall, stairs and landing are a real feature, split level landings with spindles really show what this property could be elevated to. There is a large sky light giving plenty of natural light. The loft has been partially boarded and has a built in loft ladder. The rear garden is a good size and has a brick built garage. There is vehicular access available. Situated very close to the town centre, this property is perfectly placed for shopping, entertainment and transport links.

Agent Details

Chesham & West, Great Eccleston

01995 918833

Next Steps?

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