dealsourcr

2 Bed Detached House, Refurb/BRRR, Blackpool, FY3 9QX, £150,000

Preston Old Road - Blackpool - FY3 9QX - 2 views - 7 months ago

Cash
Refurb/BRRR
ROI: 3%
~69 m²
+18 photos

ValuationOvervalued

Sold Prices£57K - £220.2K
Sold Prices/m²£792/m² - £2.4K/m²

 

 

Square Metres

~68.70 m²
Price/m²£2.2K/m²

Value Estimate

£103,050

 

 

End Value (After Refurb)

£125,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£28,063

Bridging Loan Interest

£3,938

Total Cash In

£80,451

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,000

Mortgage (After Refinance)

£93,750

Mortgage LTV

75%

Cash Left In

£80,451

Equity

£31,250

Rent Range

£525 - £1,500

Rent Estimate

£735

Running Costs/mo

£558

Cashflow/mo

£177

Cashflow/yr

£2,129

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £57K to £220.2K, average is £99K. £792/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£120K11/210.07 mi90, Southbourne Road, Blackpool FY3 9SW2
£85K07/230.12 mi140, Preston Old Road, Blackpool FY3 9QP2
£85K07/230.12 mi140, Preston Old Road, Blackpool FY3 9QP2
£100K03/210.15 mi5, Ryldon Place, Blackpool FY4 4JD2
£88K02/230.16 mi5, Ailsa Avenue, Blackpool FY4 4HW2
£210K06/230.17 mi2a, Ailsa Avenue, Blackpool FY4 4HW2
£78.5K05/210.17 mi232, Preston Old Road, Blackpool FY3 9SP2
£127.5K06/230.18 mi41, Clifton Crescent, Blackpool FY3 9NQ2
£105K09/210.19 mi9, Sunningdale Avenue, Blackpool FY4 4HS2
£90K12/200.21 mi101, Preston Old Road, Blackpool FY3 9QG2
£87.5K12/200.21 mi93, Preston Old Road, Blackpool FY3 9QG2
£79K11/200.21 mi17, Halifax Street, Blackpool FY3 9QH2
£122K11/210.21 mi17, Halifax Street, Blackpool FY3 9QH2
£57K12/200.21 mi38, Falkland Avenue, Blackpool FY4 4HJ2
£85K02/210.21 mi8, Falkland Avenue, Blackpool FY4 4HJ2
£73K04/230.21 mi46, Falkland Avenue, Blackpool FY4 4HJ2
£110K11/210.23 mi23, Barclay Avenue, Blackpool FY4 4HH2
£100K01/210.23 mi65, Rosedale Avenue, Blackpool FY4 4JB2
£125K07/230.23 mi45, Worcester Road, Blackpool FY3 9RQ2
£84K03/210.25 mi28, Norfolk Road, Blackpool FY3 9NW2
£95K01/230.25 mi23, Norfolk Road, Blackpool FY3 9NW2
£80K12/210.26 mi2, Oscar Street, Blackpool FY4 4DB2
£105K01/240.27 mi19, Phillip Street, Blackpool FY4 4DE2
£90K08/230.28 mi19, Fredora Avenue, Blackpool FY3 9NL2
£113K12/220.28 mi44, Fredora Avenue, Blackpool FY3 9NL2
£99K02/210.3 mi11, Canterbury Avenue, Blackpool FY3 9PT2
£78.5K02/230.31 mi1, Elaine Avenue, Blackpool FY4 4LD2
£102.5K07/230.31 mi269, Preston Old Road, Blackpool FY3 9UN2
£88.5K03/210.32 mi11, June Avenue, Blackpool FY4 4LQ2
£108.5K08/210.32 mi21, Quernmore Avenue, Blackpool FY3 9SU2
£96K01/230.32 mi25, Carson Road, Blackpool FY4 4HX2
£125K10/210.32 mi17, Newlands Avenue, Blackpool FY3 9PG2
£100K11/210.32 mi230, Newhouse Road, Blackpool FY4 4PA2
£85K12/200.32 mi24, Newhouse Road, Blackpool FY4 4BY2
£87.5K05/210.33 mi9, Preston Old Road, Blackpool FY3 9PR2
£88K07/210.35 mi49, Levine Avenue, Blackpool FY4 4PD2
£80K11/200.35 mi10, Carsluith Avenue, Blackpool FY3 9LJ2
£85K10/210.36 mi12, Preston Old Road, Blackpool FY3 9PL2
£110K11/220.36 mi64a, Preston Old Road, Blackpool FY3 9PL2
£100K10/210.38 mi5, Latham Avenue, Blackpool FY3 9PP2
£104K11/210.39 mi122, Penrose Avenue, Blackpool FY4 4JU2
£220.2K08/210.39 mi349, Whitegate Drive, Blackpool FY3 9PH2
£107K12/210.39 mi9, Aldwych Avenue, Blackpool FY3 9LQ2
£75K01/230.41 mi140, Penrose Avenue, Blackpool FY4 4JX2
£75K05/230.41 mi138, Penrose Avenue, Blackpool FY4 4JX2
£145K07/230.41 mi1, East Mead, Blackpool FY3 9LN2
£125K01/210.41 mi3, Eskdale Close, Blackpool FY4 4JZ2
£90K03/230.42 mi5, Skipton Close, Blackpool FY4 4JY2
£115K06/210.42 mi48, Airedale Avenue, Blackpool FY3 9LH2
£120K10/210.42 mi4, Camborne Court, Blackpool FY3 9NS2
£123K11/210.42 mi10, Camborne Court, Blackpool FY3 9NS2

Local Rents

36 rents from £525/mo to £1.5K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£67505/240.18 miPreston Old Road, FY3 9QJ2
£52505/240.18 miPreston Old Road, Blackpool " AVAILABLE WITH ZERO DEPOSIT "2
£67504/250.18 mi-2
£69504/240.21 miBriercliffe Mews, Marton2
£62004/240.28 miJune Avenue, Blackpool2
£62004/240.28 miJune Avenue, Blackpool2
£57504/240.29 miNewhouse Road, Blackpool, Lancashire, FY42
£54204/240.29 miNewhouse Road, Blackpool, Lancashire, FY42
£72504/240.32 miQuernmore Avenue, Blackpool, FY3 9SU2
£71004/240.32 miDalkeith Avenue, Blackpool2
£69504/250.33 mi-2
£75004/240.33 miPreston Old Road, Blackpool, Lancashire, FY32
£75001/250.4 mi-2
£1,50004/240.42 mi-2
£1,00005/240.42 mi-2
£1,00004/240.42 miVicarage Lane, Blackpool, FY42
£72504/240.42 miCamborne Court, Blackpool, FY3 9NS2
£67504/240.43 mi-2
£67504/240.43 miDove Tree Court, Blackpool, FY42
£65004/240.43 miVicarage Lane, Blackpool2
£69505/240.46 mi-2
£69504/240.46 miDove Tree Court, Blackpool, FY42
£77011/240.46 mi-2
£77004/250.46 mi-2
£1,10004/250.47 mi-2
£62504/240.48 miSouth Lawn, Blackpool2
£85002/250.48 mi-2
£60004/240.48 miClifton Road, Blackpool2
£65004/250.49 mi-2
£85004/240.57 miWhitegate Drive, Blackpool, Lancashire, FY32
£72504/240.59 mi-2
£72504/240.59 miWhitegate Drive, Blackpool, FY32
£69505/240.59 miWhitegate Drive, Blackpool, FY32
£69505/240.59 mi-2
£69505/240.59 mi-2
£78004/240.6 miCunliffe Road, Blackpool, Lancashire, FY12

Links

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.85 miles away

Nearest school

0.40 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £150,000

March 20, 2025

Price changed to £165,000

November 6, 2024

Listed for £185,000

September 20, 2024

Floor Plans

Description

  • CASH BUYERS ONLY - A GREAT PROJECT REQUIRING FULL RENOVATION +
  • IN A BUSTLING YET HIGHLY CONVENIENT/POPULAR RESIDENTIAL LOCATION +
  • CENTRAL ENTRANCE HALL & LOUNGE TO THE FRONT ELEVATION +
  • GREAT SIZED DINING KITCHEN CURRENTLY WITH NO FITTED UNITS/SINK +
  • TWO GOOD SIZED DOUBLE BEDROOMS AND AN ADDITIONAL SMALL FRONT OFFICE/NURSERY +
  • FITTED THREE PIECE SUITE BATHROOM +
  • 'SOUTH WEST' FACING WALLED REAR GARDEN WITH LAID TO LAWN GRASS +
  • NO ONWARD CHAIN +
  • CLOSE TO STANLEY PARK, BLACKPOOL ZOO & BLACKPOOL VICTORIA HOSPITAL +
  • NEAR TO AMENITIES, SCHOOLS, TRANSPORT ROUTES & THE M55 MOTORWAY +

* OPEN TO OFFERS * CASH BUYERS ONLY * FULL RENOVATION REQUIRED * TRADITIONAL DOUBLE BAY FRONTED DETACHED PROPERTY, IN A BUSTLING & POPULAR LOCATION. COMPRISING OF A LOUNGE, DINING KITCHEN, TWO GOOD SIZED DOUBLE BEDROOMS AND SMALL OFFICE/NURSERY, BATHROOM, 'SOUTH WEST' FACING WALLED REAR GARDEN...

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

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.

3 Bed House, Refurb/BRRR, Blackpool, FY3 9QU

£120,000

1 views • 24 days ago • 93 m²

3 Bed House, Refurb/BRRR, Blackpool, FY4 4HW

£100,000

6 views • 7 months ago • 74 m²

3 Bed Bungalow, Refurb/BRRR, Blackpool, FY4 4HG

£140,000

1 views • 3 months ago • 93 m²

2 Bed House, Refurb/BRRR, Blackpool, FY3 9NQ

£89,950

4 views • 5 months ago • 68 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account