2 Bed Terraced House, Refurb/BRRR, Blackpool, FY3 8HT, £100,000

Layton Road, Layton, FY3 8HT - 7 months ago

Refurb/BRRR
ROI: 1%
~116 m²
+13 photos

ValuationUndervalued

Sold Prices£60.5K - £165K
Sold Prices/m²£904/m² - £2.5K/m²

 

 

Square Metres

~116.13 m²
Price/m²£861/m²

Value Estimate

£103,000
BMV3%

 

 

End Value (After Refurb)

£152,803

Uplift in Value

+53%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£47,438

Bridging Loan Interest

£2,625

Total Cash In

£83,013

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,803

Mortgage (After Refinance)

£114,602

Mortgage LTV

75%

Cash Released

£39,602

Cash Left In

£43,411

Equity

£38,201

Rent Range

£550 - £1,350

Rent Estimate

£721

Running Costs/mo

£642

Cashflow/mo

£79

Cashflow/yr

£952

ROI

1%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60.5K to £165K, average is £85K. £904/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£85K12/220.05 mi3, Camden Road, Blackpool FY3 8HN2
£109K11/200.06 mi17, Sussex Road, Blackpool FY3 8HW2
£165K07/220.08 mi28, Camden Road, Blackpool FY3 8HN2
£91K09/210.11 mi10, Brierley Avenue, Blackpool FY3 8HP2
£90K04/210.13 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.13 mi30, Heathway Avenue, Blackpool FY3 8HE2
£75K12/200.14 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£130K02/230.14 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.14 mi6, Coveway Avenue, Blackpool FY3 8ET2
£75K04/230.15 mi29, Ascot Road, Blackpool FY3 8DG2
£85K05/210.16 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£80.5K12/200.16 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£64K02/230.16 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£105K10/200.17 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£100K02/230.17 mi10, Bailey Court, Blackpool FY3 8EU2
£130K05/210.17 mi12, Bailey Court, Blackpool FY3 8EU2
£85K07/210.19 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230.19 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200.19 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210.19 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210.19 mi38, Drummond Avenue, Blackpool FY3 8EG2
£72K05/210.2 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.2 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.2 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£62.5K10/200.21 mi1, Laburnum Street, Blackpool FY3 8RP2
£83K03/210.23 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.23 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.23 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.23 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£127K11/210.23 mi6, Bardsway Avenue, Blackpool FY3 8JP2
£103K07/230.23 mi22, Bardsway Avenue, Blackpool FY3 8JP2
£95K03/210.23 mi30, Bardsway Avenue, Blackpool FY3 8JP2
£90K12/220.23 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£129.5K06/210.23 mi128, Layton Road, Blackpool FY3 8ER2
£129.5K06/210.23 mi128, Layton Road, Blackpool FY3 8ER2
£77.5K03/230.23 mi19, Healey Street, Blackpool FY3 8RW2
£102K05/230.24 mi44, Fordway Avenue, Blackpool FY3 8JL2
£110K06/230.25 mi60, Deneway Avenue, Blackpool FY3 8JS2
£76.5K09/210.26 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.26 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.26 mi6, Heald Street, Blackpool FY3 8BG2
£129.9K04/210.28 mi14, Apple Tree Gardens, Blackpool FY3 8FU2
£139.9K12/200.28 mi10, Apple Tree Gardens, Blackpool FY3 8FU2
£115K05/210.29 mi20, Blairway Avenue, Blackpool FY3 8JT2
£65K04/210.3 mi2, Grenfell Avenue, Blackpool FY3 7BP2
£82.5K03/230.3 mi25, Grenfell Avenue, Blackpool FY3 7BP2
£75K01/230.32 mi53, Manchester Road, Blackpool FY3 8DN2
£97.5K02/210.32 mi12, Gisburn Grove, Blackpool FY3 7DA2
£83K02/230.32 mi60, Manchester Road, Blackpool FY3 8DN2
£85K08/210.32 mi3, Manchester Road, Blackpool FY3 8DN2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£65012/240.06 mi-2
£80005/240.14 miRathlyn Avenue, Blackpool2
£67504/240.2 miCypress Grove, Blackpool, FY3 8RR2
£67504/240.2 mi-2
£69001/250.21 mi-2
£65004/240.21 miLaburnum Street, Blackpool, Blackpool2
£60005/240.22 mi-2
£60002/250.22 mi-2
£68003/250.23 mi-2
£57512/240.24 mi-2
£67504/240.25 miChester Road, Blackpool, Lancashire, FY32
£62504/240.25 miChester Road, Blackpool2
£62503/250.25 mi-2
£75012/240.26 mi-2
£62504/240.26 mi-2
£1,35001/240.28 mi-2
£1,35001/250.28 mi-2
£75005/240.29 mi-2
£77502/250.29 mi-2
£75004/240.29 miNewton Drive, Blackpool, FY32
£70012/240.3 mi-2
£80012/240.32 mi-2
£80002/250.32 mi-2
£80006/240.32 mi-2
£80005/240.32 miNewton Drive, Blackpool, FY32
£62504/240.32 mi-2
£64005/240.36 mi-2
£65005/240.36 mi-2
£65004/240.36 miWilford Street, Blackpool2
£62504/240.37 mi-2
£77505/240.37 miWhitley Avenue, Blackpool, Lancashire, FY32
£65004/240.44 mi-2
£75003/250.44 mi-2
£67504/240.44 mi-2
£99503/250.46 mi-2
£77502/250.46 mi-2
£69502/240.47 mi-2
£66503/240.47 mi-2
£66505/240.47 mi-2
£67503/250.47 mi-2
£66504/240.47 miCoopers Way, Blackpool, FY12
£66504/240.47 miCoopers Way, Blackpool, FY12
£67504/240.48 miMelrose Avenue, Blackpool, Lancashire, FY32
£70002/250.51 mi-2
£57505/240.51 miDanesbury Place, BLACKPOOL, FY1 3LX2
£63502/250.52 mi-2
£55003/250.53 mi-2
£75004/240.54 mi-2
£75002/250.56 mi-2
£82512/240.56 mi-2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £100,000

March 28, 2025

Listed for £110,000

September 11, 2024

Floor Plans

Description

NO CHAIN REQUIRES MODERNISATION** Spacious two bedroom mid terrace home for sale on Layton Road in Layton. The property is ideally located for local shops, schools and transport links. The property features two reception rooms, utility room, two double bedrooms and a newly fitted wet room. Accommodation briefly comprising; entrance porch, hallway, lounge, sitting/ dining room, kitchen, utility room, landing, two bedrooms, wet room, gardens to the front and rear. CALL TO VIEW

GROUND FLOOR

PORCH
UPVC double glazed door to the front aspect and meter cupboard.

HALLWAY
UPVC double glazed door to the front and staircase to first floor.

LOUNGE
4.95m x 3.33m (16'3 x 10'11)
UPVC double glazed bay window to the front aspect, gas fire in featured surround and radiator.

SITTING/DINING ROOM
4.78m x 3.33m (15'8 x 10'11)
UPVC double glazed window to the rear aspect, gas fire in featured surround and radiator.

KITCHEN
4.15m x 2.91m (13'7 x 9'7)
UPVC double glazed window to the side aspect. Fitted with a range of wall and base units with complimentary work surfaces, stainless steel sink unit with mixer and drainer, oven, space for fridge freezer boiler and radiator.

UTILITY ROOM
2.91m x 2.80m (9'7 x 0'2)
UPVC double glazed window to the rear and door to the side aspect, plumbed for washer and dryer.

LANDING

BEDROOM ONE
4.46m x 4.06m (14'8 x 13'4)
Two UPVC double glazed window to front aspect and radiator.

BEDROOM TWO
4.13m x 2.72m (13'7 x 8'11)
UPVC double glazed window to rear aspect and radiator.

SHOWER/WET ROOM
3.02m x 2.83m (9'11 x 9'3)
UPVC double glazed window to the side aspect, Three piece wet room comprising: walk in shower, wash hand basin, low flush w.c and wall mounted towel radiator.

EXTERNAL

FRONT
Mainly paved with mature trees and shrubs.

REAR
Low maintenance rear garden, mature trees and shrubs and gated access to the rear.

WORK SHED
5.77m x 3.46m (18'11 x 11'4)
UPVC double glazed windows to the side aspect and power.

TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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