3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 0JR, £130,000

Devonshire Road, Bispham, Blackpool, Lancashire, FY2 0JR - 7 months ago

Auction

Refurb/BRRR

ROI: 4%

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£90K - £300K
Sold Prices/m²	£1K/m² - £4.2K/m²

Square Metres	~93 m²
Price/m²	£1.4K/m²
Value Estimate	£133,900£133,900
BMV	3%

End Value (After Refurb)	£143,123£143,123
Uplift in Value	+10%+10%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£32,500£32,500
Stamp Duty & Legal Fees	£7,700£7,700
Refurb Costs	£38,000£38,000
Bridging Loan Interest	£3,413£3,413
Total Cash In	£83,363£83,363

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£143,123£143,123
Mortgage (After Refinance)	£107,343£107,343
Mortgage LTV	75%75%
Cash Released	£9,843£9,843
Cash Left In	£73,520£73,520
Equity	£35,781£35,781
Rent Range	£725 - £1,400£725 - £1,400
Rent Estimate	£934
Running Costs/mo	£654£654
Cashflow/mo	£280£280
Cashflow/yr	£3,359£3,359
ROI	4%4%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £90K to £300K, average is £133.8K. £1K/m² to £4.2K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£152K	01/23	0.08 mi	2, Galway Avenue, Bispham, Blackpool FY2 0LN	-	-	3	Semi-Detached House
£155K	12/22	0.12 mi	121, Inver Road, Bispham, Blackpool FY2 0LW	-	-	3	Semi-Detached House
£141K	10/21	0.16 mi	164, Inver Road, Blackpool FY2 0RQ	£1,505	94	3	Semi-Detached House
£115K	03/21	0.16 mi	89, Inver Road, Blackpool FY2 0RQ	£1,855	62	3	Semi-Detached House
£139.3K	01/23	0.16 mi	130, Inver Road, Blackpool FY2 0RQ	£1,466	95	3	Semi-Detached House
£160K	11/20	0.17 mi	105, Northgate, Bispham, Blackpool FY2 9LT	-	-	3	Detached House
£95K	08/21	0.17 mi	33, Rockingham Road, Bispham, Blackpool FY2 0LP	-	-	3	Terraced House
£105K	01/21	0.17 mi	51, Fitzroy Road, Blackpool FY2 0RJ	£1,352	78	3	Terraced House
£115K	10/20	0.17 mi	47, Fitzroy Road, Blackpool FY2 0RJ	£1,386	83	3	Terraced House
£136K	11/20	0.18 mi	31, Galway Avenue, Blackpool FY2 0LQ	£1,248	109	3	Terraced House
£117K	06/23	0.2 mi	77, Limerick Road, Blackpool FY2 0LJ	£1,853	63	3	Semi-Detached House
£118.5K	04/21	0.2 mi	23, Limerick Road, Blackpool FY2 0LJ	£1,539	77	3	Terraced House
£120K	12/20	0.21 mi	33, Kildare Road, Blackpool FY2 0LR	£1,000	120	3	Semi-Detached House
£90K	10/20	0.21 mi	10, Limerick Road, Blackpool FY2 0LH	£1,607	56	3	Terraced House
£95K	04/23	0.21 mi	68, Limerick Road, Blackpool FY2 0LH	-	-	3	Terraced House
£123.5K	06/23	0.21 mi	72, Limerick Road, Blackpool FY2 0LH	£1,885	66	3	Terraced House
£114.5K	05/21	0.22 mi	36, Limerick Road, Blackpool FY2 0LH	£1,847	62	3	Terraced House
£300K	02/23	0.23 mi	3, Ashley Close, Bispham, Blackpool FY2 0RF	£3,261	92	3	Detached House
£140K	01/23	0.23 mi	31, Valentia Road, Blackpool FY2 0RN	£4,231	33	3	Semi-Detached House
£131K	03/21	0.23 mi	47, Valentia Road, Blackpool FY2 0RN	£1,926	68	3	Semi-Detached House
£131.5K	01/21	0.23 mi	53, Valentia Road, Blackpool FY2 0RN	£1,906	69	3	Semi-Detached House
£144K	04/21	0.23 mi	240, Bispham Road, Blackpool FY2 0LS	£1,823	79	3	Semi-Detached House
£150.1K	05/21	0.25 mi	44, Valentia Road, Blackpool FY2 0RW	-	-	3	Semi-Detached House
£184.9K	03/23	0.25 mi	44, Valentia Road, Blackpool FY2 0RW	-	-	3	Detached House
£225K	05/23	0.25 mi	30, Countess Crescent, Bispham, Blackpool FY2 9LQ	-	-	3	Semi-Detached House
£132.5K	12/20	0.26 mi	6, Bethel Avenue, Blackpool FY2 9NA	£1,840	72	3	Semi-Detached House
£124K	03/21	0.26 mi	9, Bethel Avenue, Blackpool FY2 9NA	£1,813	68	3	Semi-Detached House
£135K	05/21	0.26 mi	4, Bethel Avenue, Blackpool FY2 9NA	£1,985	68	3	Semi-Detached House
£190K	02/21	0.27 mi	367, Devonshire Road, Bispham, Blackpool FY2 0RE	-	-	3	Semi-Detached House
£115K	01/21	0.27 mi	55, Sunny Bank Avenue, Bispham, Blackpool FY2 9NF	£1,337	86	3	Terraced House
£175K	09/21	0.27 mi	79, Sunny Bank Avenue, Blackpool FY2 9NF	£1,750	100	3	Semi-Detached House
£110K	07/21	0.28 mi	66, Bryning Avenue, Bispham, Blackpool FY2 9LZ	-	-	3	Semi-Detached House
£163K	11/20	0.28 mi	12, Northgate, Bispham, Blackpool FY2 9NL	£1,852	88	3	Semi-Detached House
£128K	03/21	0.3 mi	260, Warbreck Drive, Blackpool FY2 9LH	£1,008	127	3	Terraced House
£168K	02/23	0.31 mi	13, Sunny Bank Avenue, Bispham, Blackpool FY2 9EQ	£1,615	104	3	Semi-Detached House
£109K	02/23	0.31 mi	18, Moor Park Avenue, Blackpool FY2 0LT	£1,147	95	3	Terraced House
£100.5K	05/23	0.32 mi	72, Cavendish Road, Bispham, Blackpool FY2 9NJ	£1,139	88	3	Semi-Detached House
£113K	10/21	0.32 mi	97, Cavendish Road, Blackpool FY2 9NJ	£1,314	86	3	Terraced House
£160K	01/23	0.32 mi	62, Cavendish Road, Bispham, Blackpool FY2 9NJ	£1,778	90	3	Terraced House
£179.9K	10/22	0.32 mi	7, Coulston Avenue, Bispham, Blackpool FY2 9LL	£2,092	86	3	Terraced House
£185K	11/20	0.32 mi	196, Bispham Road, Blackpool FY2 0LA	£1,341	138	3	Semi-Detached House
£147.9K	02/23	0.33 mi	36, Quebec Avenue, Blackpool FY2 0NU	£1,518	97	3	Semi-Detached House
£124K	03/23	0.33 mi	30, Quebec Avenue, Blackpool FY2 0NU	£1,938	64	3	Semi-Detached House
£125K	02/21	0.33 mi	128, Warbreck Drive, Bispham, Blackpool FY2 9PW	-	-	3	Semi-Detached House
£164.9K	11/20	0.34 mi	7, Landseer Avenue, Blackpool FY2 9EF	£1,556	106	3	Semi-Detached House
£154K	03/21	0.34 mi	7, Norfolk Avenue, Blackpool FY2 9QA	£1,757	88	3	Semi-Detached House
£106K	03/21	0.35 mi	9, Canada Crescent, Blackpool FY2 0NT	£1,191	89	3	Terraced House
£230K	11/20	0.35 mi	24, Pembroke Avenue, Blackpool FY2 9PX	£2,054	112	3	Semi-Detached House
£138K	09/21	0.35 mi	124, Cavendish Road, Blackpool FY2 9EG	£1,643	84	3	Terraced House
£109K	02/21	0.35 mi	142, Cavendish Road, Bispham, Blackpool FY2 9EG	£1,160	94	3	Terraced House

Local Rents

34 rents from £725/mo to £1.4K/mo, average is £895/mo.

Rent	Date	Distance	Address	Beds	Type
£925	04/24	0.11 mi	Inver Road, Blackpool, FY2 0LW	3	Detached House
£875	04/24	0.11 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£875	05/24	0.11 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£925	05/24	0.12 mi	Inver Road, Blackpool, Lancashire	3	House
£895	05/24	0.18 mi	-	3	Semi-Detached House
£895	05/24	0.18 mi	-	3	Semi-Detached House
£895	05/24	0.18 mi	-	3	Semi-Detached House
£895	03/24	0.19 mi	-	3	Semi-Detached House
£800	04/24	0.21 mi	-	3	Flat
£800	05/24	0.21 mi	Limerick Road,Blackpool,FY2	3	Semi-Detached House
£899	02/24	0.22 mi	-	3	Terraced House
£725	02/24	0.24 mi	-	3	Terraced House
£750	05/24	0.24 mi	-	3	Terraced House
£950	04/24	0.24 mi	Galway Avenue, Blackpool, Lancashire, FY2	3	Semi-Detached House
£895	05/24	0.32 mi	Cavendish Road, FY2	3	Semi-Detached House
£895	04/24	0.36 mi	Admiral Gardens, Bispham	3	Terraced House
£995	04/24	0.38 mi	-	3	Terraced House
£895	04/24	0.38 mi	-	3	Terraced House
£995	04/24	0.38 mi	-	3	Terraced House
£995	04/24	0.38 mi	-	3	Terraced House
£995	05/24	0.38 mi	-	3	Terraced House
£895	04/24	0.41 mi	Edenvale Avenue, FY2	3	Semi-Detached House
£850	05/24	0.43 mi	Buxton Avenue, FY2	3	Terraced House
£1,150	05/24	0.43 mi	3 Cliff Place, Bispham, Blackpool. FY2 9JT	3	Semi-Detached House
£850	05/24	0.49 mi	Sandhurst Avenue, Bispham, FY2 9EB	3	House
£850	04/24	0.51 mi	Devonshire Road, Bispham	3	Semi-Detached House
£1,050	02/24	0.53 mi	-	3	Semi-Detached House
£895	04/25	0.53 mi	-	3	Terraced House
£1,000	04/24	0.54 mi	Devonshire Road, Bispham, Blackpool	3	House
£900	12/23	0.55 mi	-	3	Semi-Detached House
£975	03/25	0.55 mi	-	3	Semi-Detached House
£1,400	03/24	0.58 mi	-	3	Semi-Detached House
£1,300	11/24	0.58 mi	-	3	Semi-Detached House
£850	04/24	0.6 mi	-	3	Semi-Detached House

Local Area Statistics

Population in FY2	24,58924,589
Population in Blackpool	133,713133,713
Town centre distance	2.38 miles away2.38 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.87 miles away0.87 miles away

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

Property History

Price changed to £130,000

March 12, 2025

Listed for £145,000

September 6, 2024

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Three Bedroom Semi Detached House +
Two Reception Rooms +
Two Double Bedrooms And One Single +
Kitchen Diner +
In Need of Refurbishment +

Welcome to this superb opportunity to buy this three bedroom property in the village of Bispham.

Located close to local schools, transport links and amenities this property offers the chance to have a home that you can put your own stamp on.

The house comes with three bedrooms (two double's and one single), two reception rooms and a good size kitchen.

There is a large garden to the rear and has the benefit of a garage.

The property does require modernisation throughout but don't let that put you off as this house has a lot to offer.

Council Tax Band: C
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

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.

Auction

3 Bed House, Refurb/BRRR, Blackpool, FY2 0JR

£130,000

4 views • 4 months ago • 93 m²

2 Bed Bungalow, Refurb/BRRR, Blackpool, FY2 9LU

£195,000

2 views • 2 months ago • 68 m²

5 Bed House, Refurb/BRRR, Blackpool, FY2 0RY

£550,000

2 views • 3 months ago • 178 m²

3 Bed House, Refurb/BRRR, Blackpool, FY2 0RY

£250,000

4 views • 2 months ago • 93 m²