3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 2JA, £110,000

Cypress Avenue, Thornton-Cleveleys, Lancashire, FY5 2JA - 6 views - 6 months ago

Refurb/BRRR
ROI: 4%
~70 m²
+3 photos

ValuationUndervalued

Sold Prices£90K - £700K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~70.33 m²
Price/m²£1.6K/m²

Value Estimate

£119,368

 

 

End Value (After Refurb)

£144,614

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£28,499

Bridging Loan Interest

£2,888

Total Cash In

£65,437

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,614

Mortgage (After Refinance)

£108,461

Mortgage LTV

75%

Cash Released

£25,961

Cash Left In

£39,476

Equity

£36,154

Rent Range

£700 - £1,200

Rent Estimate

£905

Running Costs/mo

£653

Cashflow/mo

£252

Cashflow/yr

£3,025

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £90K to £700K, average is £176.3K. £1.1K/m² to £4.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£170K09/210 mi4, Cypress Avenue, Thornton-cleveleys, Lancashire FY5 2JA3
£455K12/220.07 mi11, The Grove, Thornton-cleveleys, Lancashire FY5 2JD3
£700K05/230.12 miAshville, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QP3
£120K09/210.12 mi20, Shakespeare Road, Fleetwood, Lancashire FY7 7HG3
£168K12/220.13 mi467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR3
£217K09/210.15 mi70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY3
£300.6K07/230.15 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.15 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£400K09/210.16 miWestoria, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QT3
£190K12/210.2 mi3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU3
£438.2K02/230.2 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.2 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£370K01/210.21 miThe Hawthorns, Linden Close, Thornton-cleveleys, Lancashire FY5 2RA3
£385K01/210.22 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£200K02/230.23 mi8, Stanley Avenue, Thornton-cleveleys, Lancashire FY5 3NQ3
£197K03/210.24 mi30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ3
£254.8K03/230.25 mi132, West Drive, Thornton-cleveleys, Lancashire FY5 2JG3
£130K10/210.25 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.25 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£217K04/210.26 mi22, Wolsey Close, Thornton-cleveleys, Lancashire FY5 2NZ3
£180K08/210.26 mi433, North Drive, Thornton-cleveleys, Blackpool FY5 3AP3
£137K03/230.27 mi416, North Drive, Thornton-cleveleys, Blackpool FY5 3AR3
£360K05/230.27 mi11a, Rowland Lane, Thornton-cleveleys, Lancashire FY5 2QX3
£220K07/210.27 mi559, North Drive, Thornton-cleveleys, Lancashire FY5 2PD3
£127K06/230.28 mi18, Merlyn Road, Thornton-cleveleys, Lancashire FY5 3AZ3
£175K12/200.3 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£127.5K07/210.31 mi23, St Davids Avenue, Thornton-cleveleys, Lancashire FY5 3NL3
£160K03/210.32 mi11, Knowle Avenue, Thornton-cleveleys, Lancashire FY5 3PW3
£90K11/200.33 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£110K02/230.33 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£106K04/210.34 mi107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT3
£230K01/210.35 mi32, Seniors Drive, Thornton-cleveleys, Lancashire FY5 2RD3
£150K12/210.35 mi11, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£125K10/210.35 mi38, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£170K04/230.37 mi91, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3PE3
£177.5K02/230.38 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£117K07/230.4 mi380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF3
£137K01/210.4 mi24, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BG3
£152K06/210.4 mi6, Bedale Place, Thornton-cleveleys, Blackpool FY5 3PD3
£103K07/210.41 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£380K11/220.41 mi69, Meadows Avenue, Thornton-cleveleys, Lancashire FY5 2TW3
£147.5K06/210.42 mi12, Crescent Avenue, Thornton-cleveleys, Lancashire FY5 3JE3
£150K07/230.42 mi2, Kent Avenue, Thornton-cleveleys, Lancashire FY5 2PS3
£133.5K10/200.42 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.42 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£242K12/220.42 mi1, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£205K11/200.42 mi3, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£192K07/230.42 mi61, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£210K03/210.42 mi67, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£125K04/210.42 mi88, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3

Local Rents

22 rents from £700/mo to £1.2K/mo, average is £911/mo.

RentDateDistanceAddressBeds 
£80004/240.05 miElms Avenue, Thornton-Cleveleys3
£70004/240.17 miVictoria Road West3
£97504/240.24 miStockdove Way, Thornton-Cleveleys3
£1,00002/250.27 mi-3
£82504/240.3 mi-3
£92704/240.32 miNorth Drive, Cleveleys, FY53
£93204/240.32 mi-3
£97503/250.32 mi-3
£85004/240.37 mi-3
£85004/240.4 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£82504/240.46 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.46 miCumberland Avenue, Thornton-Cleveleys3
£75804/240.47 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£99504/240.49 mi-3
£99504/240.49 mi-3
£89504/240.49 mi-3
£99504/240.49 mi-3
£99504/240.49 mi-3
£82505/240.56 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£82512/240.56 mi-3
£1,20005/240.58 miQueensbury Road, Thornton-Cleveleys3
£1,10004/240.6 miHeriot Close, Thornton-Cleveleys3

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.71 miles away

Nearest school

0.40 miles away

Nearest train station

2.65 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £110,000

November 29, 2024

Listed for £120,000

October 10, 2024

Floor Plans

Description

  • Three Bedroom Semi Detached Home +
  • Offering No Onward Chain +
  • Spacious and In Need Of Renovation +
  • Ideal First Time Buy or Investment +
  • Please Call The Office To Arrange a Viewing +

Introducing Cypress Avenue! This three bedroom semi-detached house offers a wealth of potential to make it the perfect renovation project and offering no onward chain brilliant for your first time buy or investment!

The property comprises of a spacious lounge through to a fitted kitchen with an entrance vestibule to the exterior. Also offering a third bedroom and storage space. To the first floor there are two bedrooms and a three piece bathroom all of which are great sizes and make the ideal family home.

To the exterior, there is a brilliant sized garden and garage.

Please call the office now to arrange a viewing!

Agent Details

Entwistle Green, Cleveleys

01253 835078

Next Steps?

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