2 Bed Terraced House, Cash/Bridging Only, Blackpool, FY4 3EN, £100,000

199 Watson Road, Blackpool, UK - 1 views - 6 months ago

Under Offer
Cash
ROI: 6%
66 m²
+9 photos

ValuationOvervalued

Sold Prices£60K - £235K
Sold Prices/m²£709/m² - £3.2K/m²

 

 

Square Metres

66 m²
Price/m²£1.5K/m²

Value Estimate

£86,407

 

 

End Value (After Refurb)

£90,067

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£27,018

Bridging Loan Interest

£2,625

Total Cash In

£60,593

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£90,067

Mortgage (After Refinance)

£67,550

Mortgage LTV

75%

Cash Left In

£60,593

Equity

£22,517

Rent Range

£542 - £1,500

Rent Estimate

£749

Running Costs/mo

£451

Cashflow/mo

£298

Cashflow/yr

£3,573

ROI

6%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60K to £235K, average is £100K. £709/m² to £3.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£79K04/230.05 mi12, Millington Avenue, Blackpool FY4 3HE2
£84K11/200.11 mi25, Macauley Avenue, Blackpool FY4 4AG2
£100K02/210.11 mi20, Macauley Avenue, Blackpool FY4 4AG2
£120K06/230.11 mi8, Macauley Avenue, Blackpool FY4 4AG2
£121.5K03/230.11 mi17, Macauley Avenue, Blackpool FY4 4AG2
£80K02/210.13 mi102, Loftos Avenue, Blackpool FY4 3HA2
£93.5K02/210.13 mi27, Hathaway, Blackpool FY4 4AB2
£135K12/220.13 mi15, Thursfield Avenue, Blackpool FY4 4AH2
£117.5K02/230.13 mi26, Thursfield Avenue, Blackpool FY4 4AH2
£95K09/210.13 mi183, Harcourt Road, Blackpool FY4 3HN2
£115K11/220.13 mi28, Thursfield Avenue, Blackpool FY4 4AH2
£85K11/230.16 mi155, Powell Avenue, Blackpool FY4 3HQ2
£74K05/230.22 mi128, Harcourt Road, Blackpool FY4 3HW2
£89K03/210.23 mi12, Morley Road, Blackpool FY4 4EP2
£70K06/210.23 mi107, Hemingway, Blackpool FY4 3DR2
£90K04/230.23 mi92, Hemingway, Blackpool FY4 3DR2
£115K01/230.23 mi116, Hemingway, Blackpool FY4 3DR2
£105K06/230.24 mi49, Ellesmere Road, Blackpool FY4 3DJ2
£71K09/210.25 mi2, Swindon Avenue, Blackpool FY4 3DX2
£100K03/230.26 mi81, Hemingway, Blackpool FY4 3DR2
£60K05/210.26 mi53, Crossland Road, Blackpool FY4 4BD2
£89K12/220.26 mi42, Crossland Road, Blackpool FY4 4BD2
£77K03/230.26 mi9, Crossland Road, Blackpool FY4 4BD2
£138K12/220.27 mi10, East Side, Blackpool FY4 4YD2
£78K04/210.27 mi34, Brook Street, Blackpool FY4 4BE2
£82K01/230.27 mi11, Brook Street, Blackpool FY4 4BE2
£71K11/200.27 mi20, Brook Street, Blackpool FY4 4BE2
£116K12/220.29 mi29, Pedders Lane, Blackpool FY4 3HY2
£105K03/230.29 mi10, Mirfield Grove, Blackpool FY4 3DN2
£88K06/210.3 mi30, Ellesmere Road, Blackpool FY4 3DH2
£82.5K10/200.3 mi32, Ellesmere Road, Blackpool FY4 3DH2
£148K04/230.3 mi32, Ellesmere Road, Blackpool FY4 3DH2
£119.3K01/230.32 mi23, Marton Drive, Blackpool FY4 3DF2
£122.5K06/230.32 mi15, Marton Drive, Blackpool FY4 3DF2
£94K08/210.34 mi6, Edwell Avenue, Blackpool FY4 3BX2
£97K09/210.35 mi26, Starbeck Avenue, Blackpool FY4 3BA2
£115K11/200.35 mi12, Marton Drive, Blackpool FY4 3DQ2
£141.5K01/230.36 mi57, Chislehurst Avenue, Blackpool FY4 3AS2
£114K06/210.37 mi12, Harcourt Road, Blackpool FY4 3ET2
£107K02/240.37 mi19, Halton Gardens, Blackpool FY4 4LZ2
£193K11/200.38 mi33, Helmsdale Road, Blackpool FY4 5AR2
£235K06/230.38 mi40, Helmsdale Road, Blackpool FY4 5AR2
£83K11/210.38 mi5, Houghton Avenue, Blackpool FY4 3BU2
£115K12/230.38 mi45, Rectory Road, Blackpool FY4 4DU2
£110K01/210.39 mi22, Southworth Avenue, Blackpool FY4 3LH2
£72.5K12/220.4 mi1, Frederick Street, Blackpool FY4 3BQ2
£93.5K12/220.4 mi17, Belgrave Road, Blackpool FY4 4DZ2
£220K11/220.42 mi16, Avondale Crescent, Blackpool FY4 5AS2
£177.5K11/200.43 mi42, Avondale Crescent, Blackpool FY4 5AS2
£180K11/210.43 mi34, Avondale Crescent, Blackpool FY4 5AS2

Local Rents

24 rents from £542/mo to £1.5K/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£70012/240.16 mi-2
£67504/240.18 miSowerby Avenue, Blackpool, FY4 3EH2
£62504/240.18 miSowerby Avenue, Blackpool2
£60004/240.2 miHAWES SIDE court, BLACKPOOL, FY4 4BG2
£75003/250.23 mi-2
£75005/240.29 miPedders Lane, Blackpool, Lancashire, FY42
£72003/250.29 mi-2
£72003/250.29 mi-2
£70004/240.4 miFrederick Street, Blackpool2
£59505/240.41 mi-2
£59504/240.41 miHarcourt Road, Blackpool, FY42
£67504/240.46 miTruro Street, Blackpool, Lancashire, FY42
£65004/240.49 miVicarage Lane, Blackpool2
£1,50004/240.51 mi-2
£1,00005/240.51 mi-2
£1,00004/240.51 miVicarage Lane, Blackpool, FY42
£65004/240.54 miSt. Annes Road, Blackpool, Lancashire, FY42
£1,00004/240.54 miLowfield Road, Blackpool, FY4 5BL2
£62504/240.54 miSouth Lawn, Blackpool2
£71502/250.58 mi-2
£92505/240.58 miCherry Tree Road, Blackpool, Lancashire, FY42
£65004/240.59 mi-2
£57504/240.6 miNewhouse Road, Blackpool, Lancashire, FY42
£54204/240.6 miNewhouse Road, Blackpool, Lancashire, FY42

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £100,000

September 24, 2024

Floor Plans

Description

  • Very Well Presented 2 Bedroom End Terrace Property +
  • Entrance Hall, Lounge, Kitchen/Diner Boasting Integrated Appliances Including; Dishwasher, Fridge, Freezer, Electric Oven And Hob, Patio Doors Opening Up To The Garden +
  • 2 Double Bedrooms, Both With Fitted Wardrobes, 4 Piece Suite Bathroom +
  • Off Road Parking, Enclosed Garden With Storage Shed And Pergola +

Cash buyers only due to steel frame construction.

A very well presented 2 bedroom end terrace property boasting a stylish and contemporary interior is now available for sale. This inviting home offers a comfortable living space with a well-thought-out layout. The entrance hall leads to a spacious lounge, ideal for relaxation, and a kitchen/diner featuring integrated appliances such as a dishwasher, fridge, freezer, electric oven, and hob. The patio doors open up to the charming garden, perfect for outdoor dining and entertaining. Upstairs, you will find two double bedrooms, both with fitted wardrobes, providing ample storage space. The modern 4-piece suite bathroom adds to the convenience of this property, ensuring a comfortable and accommodating living experience.

Outside, the property features a flagged garden at the front, providing off-road parking for convenience. The low-maintenance garden at the rear is designed with easy upkeep in mind, offering a peaceful retreat with a pergola and storage shed. This property presents the perfect blend of modern living and outdoor tranquillity, making it an ideal choice for those seeking comfort, style, and convenience in a well-appointed home. Don't miss this opportunity to make this impressive property your own. Schedule a viewing today to experience the charm and appeal of this delightful 2 bedroom end terrace house.
EPC Rating: C

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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