3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY4 4NG, £125,000

242 Vicarage Lane, Blackpool, FY4 4NG - 1 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~104 m²
+16 photos

ValuationFair Value

Sold Prices£53.5K - £245K
Sold Prices/m²£304/m² - £2.6K/m²

 

 

Square Metres

~103.50 m²
Price/m²£1.2K/m²

Value Estimate

£127,500

 

 

End Value (After Refurb)

£153,344

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£42,369

Bridging Loan Interest

£3,281

Total Cash In

£83,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£153,344

Mortgage (After Refinance)

£115,008

Mortgage LTV

75%

Cash Released

£21,258

Cash Left In

£62,343

Equity

£38,336

Rent Range

£650 - £975

Rent Estimate

£805

Running Costs/mo

£660

Cashflow/mo

£145

Cashflow/yr

£1,738

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £53.5K to £245K, average is £125K. £304/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£148K09/210.07 mi32, Scott Close, Blackpool FY4 4YA3
£165K03/230.1 mi62, Macauley Avenue, Blackpool FY4 4YF3
£145K12/230.12 mi17, East Side, Blackpool FY4 4YD3
£170K04/210.13 mi29, Daggers Hall Lane, Blackpool FY4 4AY3
£145K01/210.13 mi17, Daggers Hall Lane, Blackpool FY4 4AY3
£145K02/230.15 mi22, Longway, Blackpool FY4 4NJ3
£162K06/230.16 mi11, Fairway Road, Blackpool FY4 4AZ3
£142K03/210.17 mi63, Halton Gardens, Blackpool FY4 4XR3
£172K05/230.18 mi14, Halton Gardens, Blackpool FY4 4LZ3
£125K09/210.18 mi19, Stretton Avenue, Blackpool FY4 4AQ3
£138K03/230.18 mi14, Stretton Avenue, Blackpool FY4 4AQ3
£76.5K02/230.2 mi15, Terance Road, Blackpool FY4 4ER3
£155K01/210.21 mi258, Vicarage Lane, Blackpool FY4 4ND3
£135K08/210.21 mi5, Bridge House Road, Blackpool FY4 4XX3
£95K08/210.22 mi17, Burnside Avenue, Blackpool FY4 4AF3
£140K03/230.24 mi49, Morley Road, Blackpool FY4 4EP3
£90K12/230.24 mi305, Vicarage Lane, Blackpool FY4 4LR3
£144.9K12/200.26 mi40, Meanwood Avenue, Blackpool FY4 4LX3
£125K11/210.27 mi35, Colwyn Avenue, Blackpool FY4 4EU3
£125K03/230.27 mi18, Colwyn Avenue, Blackpool FY4 4ET3
£153K06/230.27 mi81, Meanwood Avenue, Blackpool FY4 4LU3
£106K11/200.28 mi7, Saxby Grove, Blackpool FY4 4LA3
£136K03/230.3 mi88, Vicarage Lane, Blackpool FY4 4EL3
£145K01/210.3 mi46, Mooretree Drive, Blackpool FY4 4LL3
£80.5K09/210.3 mi21, Crossland Road, Blackpool FY4 4BD3
£53.5K12/200.3 mi37, Crossland Road, Blackpool FY4 4BD3
£156K12/220.32 mi74, Penrose Avenue, Blackpool FY4 4JT3
£97K12/200.32 mi73, Ellesmere Road, Blackpool FY4 3DS3
£120K08/210.32 mi156, Hawes Side Lane, Blackpool FY4 4AA3
£96K03/230.33 mi25, Sedbergh Avenue, Blackpool FY4 4DQ3
£88K11/200.34 mi23, Elaine Avenue, Blackpool FY4 4LD3
£62K02/210.34 mi23, Millington Avenue, Blackpool FY4 3HE3
£245K02/210.35 mi159a, Cherry Tree Road, Blackpool FY4 4PQ3
£149.9K11/230.35 mi25, Angers Hill Road, Blackpool FY4 4DG3
£100K11/220.36 mi1, Senior Avenue, Blackpool FY4 4LE3
£95K10/210.36 mi164, Harcourt Road, Blackpool FY4 3HN3
£90K08/210.36 mi146, Harcourt Road, Blackpool FY4 3HN3
£79K02/210.36 mi183, Watson Road, Blackpool FY4 3EN3
£110K08/210.37 mi270, Watson Road, Blackpool FY4 3EG3
£115K03/230.37 mi268, Watson Road, Blackpool FY4 3EG3
£122K08/210.38 mi150, Penrose Avenue, Blackpool FY4 4JX3
£154K12/230.38 mi13, Angers Hill Road, Blackpool FY4 4EX3
£121.6K10/210.38 mi73, Highbank Avenue, Blackpool FY4 4PR3
£229.9K03/230.38 mi4, Wanstead Crescent, Blackpool FY4 4AR3
£140K11/210.38 mi33, Rectory Road, Blackpool FY4 4DU3
£85K10/230.39 mi43, Arnott Road, Blackpool FY4 4ED3
£132.5K03/230.39 mi60, Arnott Road, Blackpool FY4 4ED3
£80K03/210.39 mi47, Arnott Road, Blackpool FY4 4ED3
£105.5K12/220.39 mi23, Highbank Avenue, Blackpool FY4 4PR3
£112K05/210.39 mi18, Dewhurst Avenue, Blackpool FY4 3EL3

Local Rents

25 rents from £650/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90004/240.16 mi-3
£89512/240.2 mi-3
£97503/250.2 mi-3
£89505/240.2 miVicarage Lane, Blackpool, FY43
£79504/240.28 miSt. Edmunds Road, Blackpool3
£69505/240.3 mi21 Crossland Road3
£87505/240.34 mi-3
£87503/250.34 mi-3
£65004/240.34 miSedburgh Avenue, Blackpool3
£70012/240.39 mi-3
£70002/240.39 miHouseman Place, Blackpool, FY4 5AE3
£85004/240.4 miSedbergh Avenue, Blackpool3
£75004/240.42 mi-3
£75004/240.42 miDewhurst Avenue, Blackpool, FY43
£77505/240.44 miPowell Avenue, Blackpool, FY4 3HQ3
£77504/240.44 miMarsden Road, Blackpool3
£80004/240.45 miPhillip Street, Blackpool, Lancashire, FY43
£80004/240.46 miSouthbank Avenue, Blackpool, FY4 5BU3
£75005/240.49 miHarcourt Road, Blackpool, FY4 3HW3
£95011/240.49 mi-3
£80012/230.52 mi-3
£90002/250.53 mi-3
£82503/250.55 mi-3
£87504/240.57 miAskrigg Close, Blackpool, Lancashire, FY43
£75005/240.58 mi-3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.50 miles away

Nearest school

0.30 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £125,000

September 19, 2024

Floor Plans

Description

  • A 3 Bedroom Semi Detached Family Home +
  • Requires Full Renovation +
  • Huge Potential / Great Area +
  • Close To Local Amenities And Schools +
  • Off Road Parking & Approx. 150ft Rear Garden +
  • Sold With No Onward Chain Delay +
  • Viewing Highly Recommended +

INTRODUCTION Tiger Sales are delighted to introduce what could be your next RENOVATION PROJECT in the form of this 3 double bedroom semi detached family home. With huge potential and positioned in an area which is within walking distance to local shops, schools and supermarkets. Sold with no onward chain and with approx. 150ft rear garden.

On entrance to the property there is a composite door leading into vestibule with inner door leading into the main lounge. Window to front elevation, fitted carpet, under stair storage and staircase leading to the first floor landing. There is a separate dining room with fitted carpet, ceiling light along with a window to rear elevation.

The kitchen is fitted with a matching range of wall and base units along with stainless steel sink and space for freestanding washing machine, fitted carpet, part tiled walls, double glazed windows to side elevation. Door to storage area with door to garden.

There is a three piece shower room comprising of a walk in shower, glass screen, pedestal wash hand basin, toilet, window.

To the first floor there are 3 double bedrooms with fitted carpet, ceiling lights. One of the double bedrooms contains a wall mounted boiler along with fitted storage cupboards.

Externally to the rear the property benefits from family sized garden which is approx. 150ft in size which has a fenced enclosure, laid to lawn grass and double gates leading to the front driveway which provides room for off road parking.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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