3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1HZ, £127,400

Kings Walk, Thornton-Cleveleys, Lancashire, FY5 1HZ - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+13 photos

ValuationUndervalued

Sold Prices£86.5K - £405K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£131,300
BMV1%

 

 

End Value (After Refurb)

£187,615

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,850

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£37,686

Bridging Loan Interest

£3,344

Total Cash In

£79,730

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,615

Mortgage (After Refinance)

£140,711

Mortgage LTV

75%

Cash Released

£45,161

Cash Left In

£34,569

Equity

£46,904

Rent Range

£700 - £1,200

Rent Estimate

£896

Running Costs/mo

£785

Cashflow/mo

£111

Cashflow/yr

£1,326

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £86.5K to £405K, average is £161.5K. £1.1K/m² to £3.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£134K01/210.02 mi29, Kings Walk, Thornton-cleveleys, Lancashire FY5 1HT3
£140K01/210.09 mi1, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HL3
£175K03/210.11 mi24, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HN3
£140K05/230.19 mi2, Egremont Avenue, Thornton-cleveleys, Lancashire FY5 2NF3
£130K04/230.21 mi95, Green Drive, Thornton-cleveleys, Lancashire FY5 1JD3
£86.5K04/210.21 mi10, Tebay Avenue, Thornton-cleveleys, Lancashire FY5 2NB3
£135K12/220.22 mi52, Green Drive, Thornton-cleveleys, Lancashire FY5 1LQ3
£160K04/230.22 mi14, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£187.5K03/230.22 mi6, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£125K12/200.22 mi17, Green Drive, Thornton-cleveleys, Lancashire FY5 1LH3
£163K07/230.24 mi43, Penrith Avenue, Thornton-cleveleys, Lancashire FY5 2NA3
£184K12/200.24 mi84, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£186K08/210.24 mi82, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£405K02/230.25 mi23, Queens Walk, Thornton-cleveleys, Lancashire FY5 1JU3
£169K08/230.27 mi9, South Avenue, Thornton-cleveleys, Lancashire FY5 1JY3
£164K05/210.31 mi11, Crossway, Thornton-cleveleys, Lancashire FY5 1LA3
£200K05/230.32 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£120K11/210.33 mi79, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£319.9K09/210.33 mi37, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£170K06/210.34 mi35, Barnes Drive, Thornton-cleveleys, Lancashire FY5 2WQ3
£110.1K12/200.39 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£258K07/230.4 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£133K02/210.41 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£177K09/210.42 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£204.9K01/230.43 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£188K02/210.45 mi31, Southworth Way, Thornton-cleveleys, Lancashire FY5 2WW3
£190K06/230.48 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.48 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£126K07/230.49 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£170K07/230.5 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£133.5K10/200.51 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.51 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£115K06/210.55 mi23, Manor Drive, Thornton-cleveleys, Lancashire FY5 1ET3
£177.5K02/230.55 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£220K03/230.56 mi3, Ocean Way, Thornton-cleveleys, Lancashire FY5 1FE3
£110K02/230.59 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£182K03/210.59 mi23, Beachcomber Drive, Thornton-cleveleys, Lancashire FY5 1FD3
£165K11/210.62 mi28, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3
£157K08/210.62 mi26, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3
£90K11/200.62 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£150K07/230.63 mi2, Kent Avenue, Thornton-cleveleys, Lancashire FY5 2PS3
£103K07/210.64 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£175K12/200.65 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£120K11/220.66 mi6, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£132K02/230.66 mi17, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£108K05/210.66 mi16, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£128K10/200.66 mi8, Rochester Avenue, Thornton-cleveleys, Lancashire FY5 2QQ3
£190K08/210.66 mi11, Allandale Avenue, Thornton-cleveleys, Lancashire FY5 2PU3
£130K10/210.67 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.67 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3

Local Rents

32 rents from £700/mo to £1.2K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£80004/240.17 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£1,10008/230.2 mi-3
£90001/250.21 mi-3
£99504/240.24 miRossall Road, Thornton Cleveleys3
£90005/240.32 mi-3
£82504/240.46 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.46 miCumberland Avenue, Thornton-Cleveleys3
£85004/240.6 mi-3
£97504/240.68 miStockdove Way, Thornton-Cleveleys3
£75804/240.76 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£1,00002/250.76 mi-3
£80004/240.88 miElms Avenue, Thornton-Cleveleys3
£87504/240.9 miMayfield Avenue, THORNTON CLEVELEYS3
£87504/240.9 miMayfield Avenue, THORNTON CLEVELEYS3
£82504/240.91 miMayfield Avenue, Thornton-Cleveleys, Lancashire, FY53
£70004/241.01 miVictoria Road West3
£75004/241.04 miSpringfield Terrace, Fleetwood, Lancashire, FY73
£90104/241.05 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£1,20005/241.08 miQueensbury Road, Thornton-Cleveleys3
£89504/241.12 miLaurel Avenue, Fleetwood3
£1,10009/241.12 mi-3
£85005/241.15 miKildare, Thornton Cleveleys3
£99504/241.17 mi-3
£99504/241.17 mi-3
£89504/241.17 mi-3
£99504/241.17 mi-3
£99504/241.17 mi-3
£82504/241.18 mi-3
£93204/241.18 mi-3
£97503/251.18 mi-3
£92704/241.18 miNorth Drive, Cleveleys, FY53
£82504/241.23 miReta Drive, Thornton-Cleveleys3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.43 miles away

Nearest school

0.40 miles away

Nearest train station

3.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £127,400

December 24, 2024

Listed for £130,000

September 24, 2024

Description

Conveniently located close to Cleveleys main shopping centre and within walking distance to promenade and beach, this spacious semi detached family home in need of some modernisation offers spacious accommodation benefiting from 'Combi' gas central heating, majority UPVC double glazing, cavity wall insulation and briefly comprising:- Entrance Porch, Hallway, Lounge, Dining Room, 15ft Fitted Breakfast Kitchen, Rear Porch, Conservatory, Three Bedrooms and Modern Wet Room. The external features include garage (in need of repair), driveway parking and garden areas to front and rear. The property is offered with 'No Onward Chain' to enable the arrangement of a quick completion. Viewing is recommended by prior appointment.
ACCOMMODATION
ENTRANCE PORCH:- 8'2"x3'4" Brick and double glazed UPVC construction under polycarbonate roof, wall lights, UPVC double glazed French doors, UPVC double glazed door to Hallway.
HALLWAY:- 15'10"x6'0" UPVC double glazed window to side, consumer meters, wall light, staircase to first floor, panel radiator.
LOUNGE:- 11'3"x10'9" Into UPVC double glazed bay window overlooking front, inset electric fire, wall light, panel radiator, television aerial, open access to Dining Room.
DINING ROOM:- 12'9"x9'11" Into UPVC double glazed patio doors to Conservatory.
KITCHEN:- 15'1"x7'4" Fitted base and wall units with co-ordinating work surfaces, single drainer sink unit with monobloc mixer tap, Beko electric oven and White Knight ceramic hob under illuminated extractor canopy, UPVC double glazed window to side, part tiling to walls, UPVC double glazed door to rear Porch, double panel radiator.
CONSERVATORY:- 8'10"x9'11" Double glazed UPVC construction under polycarbonate roof, panel radiator, UPVC double glazed French doors to rear garden.
REAR PORCH:- 4'5"x4'2" Double glazed UPVC construction under polycarbonate roof, wall light, built in storage housing Vaillant 'Combi' gas central heating boiler, plumbed for automatic washing machine, UPVC double glazed exterior door to rear garden.
LANDING:- UPVC double glazed window to side.
BEDROOM 1:- 14'4"x7'1" Into fitted robes, UPVC double glazed bay window overlooking front, fitted top cupboards with matching bedside cabinets, television aerial, panel radiator.
BEDROOM 2:- 13'3"x9'8" Into large UPVC double glazed window overlooking rear, double robe, top cupboards and drawer unit, panel radiator.
BEDROOM 3:- 7'5"x6'11" Into UPVC double glazed window overlooking front, built in storage and top cupboards, panel radiator.
WET ROOM:- 9'7"x7'3" Open shower area and modern two piece suite in white comprising:- pedestal wash basin and low flush W.C, UPVC double glazed windows, double panel radiator, inset spotlighting, part tiling to walls, access to insulated roof space.
EXTERNAL
GARDEN FRONT:- Laid to lawn with mature shrub borders, security lighting, brick built and timber fenced boundaries.
GARDEN REAR:- Easily maintained laid to lawn and paving, security lighting, water point, timber fenced boundaries, gated access to side.
GARAGE:- Concrete sectional (in need of repair), access via Service Road.
PARKING:- Access via paved driveway.
TENURE: - We are advised by the vendor that the property is Freehold.
SERVICES: - All mains services are connected.
APPLIANCES/EQUIPMENT: - Services, installations, heating systems and appliances have not been tested.
VALUATION: - If you are considering selling your property INDEPENDENT will be pleased to provide you with a FREE VALUATION.

Agent Details

Independent Estate Agency, Thornton Cleveleys

01253 835683

Next Steps?

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