3 Bed Semi-Detached House, Cash/Bridging Only, Blackpool, FY3 7SG, £215,000

No. 13, Avenue Road, Normoss, Lancs FY3 7SG - 7 months ago

Cash
ROI: 1%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£86K - £325K
Sold Prices/m²£1K/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£188,514

 

 

End Value (After Refurb)

£190,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£11,950

Refurb Costs

£37,989

Bridging Loan Interest

£5,644

Total Cash In

£111,083

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£190,000

Mortgage (After Refinance)

£142,500

Mortgage LTV

75%

Cash Left In

£111,083

Equity

£47,500

Rent Range

£715 - £1,295

Rent Estimate

£907

Running Costs/mo

£795

Cashflow/mo

£112

Cashflow/yr

£1,342

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £86K to £325K, average is £163.5K. £1K/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£190K12/220 mi27, Avenue Road, Blackpool, Lancashire FY3 7SG3
£132K03/210 mi28, Avenue Road, Blackpool FY3 7SG3
£160K03/210 mi9, Avenue Road, Blackpool, Lancashire FY3 7SG3
£132K07/210.06 mi10, Dobson Road, Blackpool, Lancashire FY3 7SH3
£160.5K06/210.11 mi26, Ravens Close, Blackpool, Lancashire FY3 7SL3
£155K03/230.11 mi14, Ravenswood Avenue, Blackpool, Lancashire FY3 7SJ3
£170K11/220.19 mi32, Benedict Drive, Blackpool, Lancashire FY3 0EN3
£225K10/220.2 mi2, Heron Way, Blackpool FY3 8FB3
£162K03/210.21 mi44, Ledbury Road, Blackpool, Lancashire FY3 7SP3
£133.5K10/200.21 mi6, Ledbury Road, Blackpool, Lancashire FY3 7SP3
£162K11/200.21 mi31, Southfield Drive, Blackpool, Lancashire FY3 0AN3
£157K05/210.21 mi18, Southfield Drive, Blackpool, Lancashire FY3 0AN3
£128K04/210.22 mi16, Ravenswood Avenue, Blackpool FY3 7SJ3
£126K04/230.22 mi4, Moresby Avenue, Blackpool, Lancashire FY3 7ST3
£129.9K11/200.22 mi12, Moresby Avenue, Blackpool, Lancashire FY3 7ST3
£147K06/210.25 mi19, Warwick Place, Blackpool, Lancashire FY3 7SS3
£285K01/230.25 mi166, Normoss Road, Blackpool, Lancashire FY3 8QW3
£160K11/200.25 mi3, Westfield Avenue, Staining, Blackpool, Lancashire FY3 8QB3
£225K09/210.25 mi12, Normoss Avenue, Blackpool, Lancashire FY3 7PU3
£255K11/200.25 mi231, Normoss Road, Blackpool, Lancashire FY3 8QW3
£115K04/230.27 mi8, Newton Place, Blackpool, Lancashire FY3 7PT3
£105K03/210.27 mi15, Newton Place, Blackpool, Lancashire FY3 7PT3
£198K11/210.28 mi34, Whitemoss Avenue, Blackpool, Lancashire FY3 8QA3
£179K08/230.28 mi35, Whitemoss Avenue, Blackpool, Lancashire FY3 8QA3
£150K01/210.28 mi25, Whitemoss Avenue, Blackpool, Lancashire FY3 8QA3
£86K05/210.31 mi21, Marlhill Road, Blackpool FY3 7TG3
£180K01/210.31 mi5, Snipe Close, Blackpool, Lancashire FY3 8FQ3
£130K12/200.32 mi6, Grebe Close, Blackpool, Lancashire FY3 8FR3
£167.5K09/210.33 mi10, Tarnbrook Drive, Blackpool FY3 7QA3
£220K07/210.34 mi23, Heron Way, Blackpool, Lancashire FY3 8FA3
£305K09/210.36 mi263, Newton Drive, Blackpool FY3 8PY3
£200K12/200.41 mi58, Plovers Way, Blackpool FY3 8FE3
£136K07/210.41 mi15, Bideford Avenue, Blackpool FY3 8PU3
£90K02/210.45 mi14, Bathurst Avenue, Blackpool FY3 7RL3
£95K03/210.46 mi26, Furness Avenue, Blackpool FY3 7QQ3
£240K03/210.47 mi166, Highcross Road, Poulton-le-fylde, Lancashire FY6 8DA3
£105K07/230.47 mi47, Tynedale Road, Blackpool FY3 7UE3
£100K12/220.48 mi33, Tynedale Road, Blackpool FY3 7UE3
£90K05/230.48 mi4, Elgin Place, Blackpool FY3 7RY3
£205K09/230.49 mi23, Beverley Avenue, Poulton-le-fylde, Lancashire FY6 8BN3
£165K09/210.49 mi33, Beverley Avenue, Poulton-le-fylde, Lancashire FY6 8BN3
£175K06/230.53 mi36, Sefton Avenue, Poulton-le-fylde, Lancashire FY6 8BL3
£178.5K01/230.53 mi66, Sefton Avenue, Poulton-le-fylde, Lancashire FY6 8BL3
£165K09/210.55 mi5, Derwent Place, Poulton-le-fylde, Lancashire FY6 8BP3
£325K05/230.57 mi11, Burwood Drive, Blackpool FY3 8NS3
£205K11/200.57 mi44, Burwood Drive, Blackpool FY3 8NS3
£270K12/200.57 mi11, Burwood Drive, Blackpool FY3 8NS3
£225K03/210.58 mi159, Highcross Road, Poulton-le-fylde, Lancashire FY6 8BX3
£294K08/210.61 mi30, Cedar Avenue, Poulton-le-fylde, Lancashire FY6 8DQ3
£280K11/200.61 mi19, Cedar Avenue, Poulton-le-fylde, Lancashire FY6 8DQ3

Local Rents

50 rents from £715/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,15004/240.09 miWindsor Road, Blackpool3
£75004/240.27 miSchofield Avenue, Blackpool, FY3 8QD3
£80004/240.31 miShaftesbury Avenue, Staining, Blackpool3
£72504/240.44 mi-3
£1,10003/250.51 mi-3
£80004/240.57 miBurwood Drive, FY3 8NS3
£79504/240.63 miArgosy Avenue, Blackpool, Lancashire, FY33
£90002/250.72 mi-3
£72502/240.73 mi-3
£1,05012/240.75 mi-3
£1,05003/250.75 mi-3
£79504/240.8 miBeckway Avenue, Blackpool3
£95004/240.87 mi-3
£95005/240.87 mi-3
£95004/240.87 miWades Court, Blackpool, FY33
£99503/250.89 mi-3
£82504/240.89 miCarleton Avenue, Blackpool3
£80004/240.89 miCompley Avenue, Poulton-Le-Fylde3
£80003/250.9 mi-3
£85012/240.9 miCompley Avenue,Poulton-Le-Fylde,FY63
£97512/240.9 miCompley Avenue, Poulton-Le-Fylde, Lancashire, FY63
£1,10004/240.9 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£82512/240.9 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£92504/240.91 mi-3
£82505/240.93 mi-3
£82504/240.93 miMeyler Avenue, Blackpool, FY33
£82512/240.95 miPLEASE TELEPHONE FOR VIEWINGS- 29 Westby Way, Poulton-Le-Fylde, FY6 8AD3
£95008/230.95 mi-3
£1,29504/240.96 miBleasdale Avenue, Poulton-le-Fylde3
£95004/240.96 miDeneway Avenue, Blackpool3
£1,00003/250.97 mi-3
£90004/240.98 mi* PLEASE TELEPHONE FOR VIEWINGS* Blackpool Old Road, Poulton-Le-Fylde3
£87510/231 mi-3
£77512/241.09 miALL VIEWING SLOTS NOW TAKEN - 6 Kinder Corner, Poulton-Le-Fylde3
£80004/241.13 mi-3
£89906/241.13 mi-3
£99905/241.13 miRuncorn Avenue, Blackpool, FY23
£75004/241.14 miRuncorn Avenue,Blackpool,FY23
£97501/251.17 mi-3
£95002/241.17 mi-3
£1,00012/241.19 mi-3
£1,00002/251.19 mi-3
£1,10003/251.19 mi-3
£1,09903/251.2 mi-3
£75004/241.21 miBlackpool Old Road, Poulton-Le-Fylde, Lancashire, FY63
£1,09903/251.21 mi-3
£71505/241.22 mi-3
£71505/241.22 mi-3
£71505/241.22 miLayton Road, Blackpool, FY33
£77504/241.23 miSalmesbury Avenue, Blackpool3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.88 miles away

Nearest school

0.60 miles away

Nearest train station

1.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £215,000

September 25, 2024

Listed for £220,000

September 6, 2024

Floor Plans

Description

  • Semi-detached THREE bedroom family home in ENVIABLE central location +
  • CASH BACK INCENTIVE on completion T & C's apply +
  • TWO spacious double bedrooms plus third and modern stylish shower room suite +
  • TWO generously proportioned reception rooms +
  • SUPERB central location, easy access to Poulton-le-Fylde, Blackpool, B.V.H. & motorway network +
  • External double garage and potential for off road parking +
  • Expansive, neatly maintained private garden to rear +
  • NO CHAIN - VIEWING HIGHLY RECOMMENDED +

Welcome To

No. 13, Avenue Road,
Normoss

Property At A Glance
CASHBACK incentive upon completion - T & C's apply

Semi-detached THREE bedroom family home in FANTASTIC central Fylde Coast location.

This well maintained READY TO GO family home features TWO spacious double bedrooms
and TWO generously proportioned reception rooms, with modern kitchen and shower room suite,
external double garage, expansive neatly presented private garden to rear and potential for
off road parking at the front.

Located in superb central location, only a two minute stroll from local shops, popular pub 
and eatery, takeaways and transport links and within ten minutes stroll of Blackpool Victoria Hospital.
Further amenities and rail links of both Poulton-le-Fylde and Blackpool are around 1.5 miles away in 
either direction with access to motorway network similarly convenient.

VIEWING HIGHLY RECOMMENDED

Call - to view

Agent Details

Royle Estate Agents, Poulton-Le-Fylde

01253 835630

Next Steps?

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