2 Bed Terraced House, Refurb/BRRR, Blackpool, FY3 9NL, £90,000

Fredora Avenue, Blackpool, FY3 9NL - 2 views - 6 months ago

Refurb/BRRR
ROI: 3%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£57K - £500K
Sold Prices/m²£792/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£90,000

 

 

End Value (After Refurb)

£109,478

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£27,823

Bridging Loan Interest

£2,363

Total Cash In

£60,135

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£109,478

Mortgage (After Refinance)

£82,108

Mortgage LTV

75%

Cash Released

£14,608

Cash Left In

£45,527

Equity

£27,369

Rent Range

£525 - £850

Rent Estimate

£661

Running Costs/mo

£494

Cashflow/mo

£167

Cashflow/yr

£2,000

ROI

3%

Gross Yield

9%

Local Sold Prices

51 sold prices from £57K to £500K, average is £104K. £792/m² to £4.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£102.5K07/230.01 mi269, Preston Old Road, Blackpool FY3 9UN2
£113K12/220.03 mi44, Fredora Avenue, Blackpool FY3 9NL2
£90K08/230.03 mi19, Fredora Avenue, Blackpool FY3 9NL2
£95K01/230.08 mi23, Norfolk Road, Blackpool FY3 9NW2
£84K03/210.08 mi28, Norfolk Road, Blackpool FY3 9NW2
£127.5K06/230.12 mi41, Clifton Crescent, Blackpool FY3 9NQ2
£96K01/230.13 mi25, Carson Road, Blackpool FY4 4HX2
£78.5K05/210.17 mi232, Preston Old Road, Blackpool FY3 9SP2
£100K11/210.19 mi230, Newhouse Road, Blackpool FY4 4PA2
£120K10/210.22 mi4, Camborne Court, Blackpool FY3 9NS2
£123K11/210.22 mi10, Camborne Court, Blackpool FY3 9NS2
£100K03/210.23 mi5, Ryldon Place, Blackpool FY4 4JD2
£110K03/210.23 mi41, Devona Avenue, Blackpool FY4 4NU2
£105K09/210.25 mi9, Sunningdale Avenue, Blackpool FY4 4HS2
£108.5K08/210.26 mi21, Quernmore Avenue, Blackpool FY3 9SU2
£120K11/210.27 mi90, Southbourne Road, Blackpool FY3 9SW2
£88K07/210.27 mi49, Levine Avenue, Blackpool FY4 4PD2
£200K06/230.28 mi45, Cherry Tree Road, Blackpool FY4 4NS2
£100K01/210.29 mi65, Rosedale Avenue, Blackpool FY4 4JB2
£115K11/200.3 mi6, Catforth Avenue, Blackpool FY4 4SF2
£75K01/230.33 mi140, Penrose Avenue, Blackpool FY4 4JX2
£75K05/230.33 mi138, Penrose Avenue, Blackpool FY4 4JX2
£88.5K03/210.34 mi11, June Avenue, Blackpool FY4 4LQ2
£88K02/230.36 mi5, Ailsa Avenue, Blackpool FY4 4HW2
£210K06/230.36 mi2a, Ailsa Avenue, Blackpool FY4 4HW2
£104K11/210.36 mi122, Penrose Avenue, Blackpool FY4 4JU2
£129K12/220.37 mi6, Elterwater Place, Blackpool FY3 9UH2
£57K12/200.37 mi38, Falkland Avenue, Blackpool FY4 4HJ2
£85K02/210.37 mi8, Falkland Avenue, Blackpool FY4 4HJ2
£73K04/230.37 mi46, Falkland Avenue, Blackpool FY4 4HJ2
£500K02/210.38 mi119, Kipling Drive, Blackpool FY3 9UF2
£192K04/230.38 mi133, Kipling Drive, Blackpool FY3 9UF2
£110K01/240.4 mi32, Clifton Avenue, Blackpool FY4 4RF2
£150K03/230.4 mi3, Lawnswood Crescent, Blackpool FY3 9UQ2
£146K06/230.4 mi25, Meadowbrook, Blackpool FY3 9UE2
£78.5K02/230.41 mi1, Elaine Avenue, Blackpool FY4 4LD2
£85K07/230.42 mi140, Preston Old Road, Blackpool FY3 9QP2
£85K07/230.42 mi140, Preston Old Road, Blackpool FY3 9QP2
£132.5K02/210.42 mi4, Ellisland, Blackpool FY4 4SB2
£76.5K01/210.43 mi1, Borrowdale Road, Blackpool FY4 4RU2
£110K11/210.44 mi23, Barclay Avenue, Blackpool FY4 4HH2
£125K07/230.46 mi45, Worcester Road, Blackpool FY3 9RQ2
£153.5K06/230.48 mi4, Annan Crescent, Blackpool FY4 4RQ2
£158K11/230.48 mi6, Annan Crescent, Blackpool FY4 4RQ2
£125K01/210.48 mi3, Eskdale Close, Blackpool FY4 4JZ2
£105K01/240.49 mi19, Phillip Street, Blackpool FY4 4DE2
£92.5K03/210.49 mi30, Langdale Road, Blackpool FY4 4RS2
£90K03/230.49 mi5, Skipton Close, Blackpool FY4 4JY2
£161K07/230.5 mi27, Paddock Drive, Blackpool FY3 9TZ2
£80K12/210.5 mi2, Oscar Street, Blackpool FY4 4DB2
£90K12/200.51 mi101, Preston Old Road, Blackpool FY3 9QG2

Local Rents

22 rents from £525/mo to £850/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£69504/250.03 mi-2
£67504/240.15 mi-2
£67504/240.15 miDove Tree Court, Blackpool, FY42
£67504/250.17 mi-2
£69505/240.18 mi-2
£69504/240.18 miDove Tree Court, Blackpool, FY42
£77011/240.2 mi-2
£77004/250.2 mi-2
£72504/240.22 miCamborne Court, Blackpool, FY3 9NS2
£71004/240.23 miDalkeith Avenue, Blackpool2
£60004/240.25 miClifton Road, Blackpool2
£72504/240.26 miQuernmore Avenue, Blackpool, FY3 9SU2
£62004/240.3 miJune Avenue, Blackpool2
£62004/240.3 miJune Avenue, Blackpool2
£62501/240.36 mi-2
£54004/240.37 miGarfield Court, Elterwater Place, Blackpool, FY3 9UH2
£67505/240.48 miPreston Old Road, FY3 9QJ2
£52505/240.48 miPreston Old Road, Blackpool " AVAILABLE WITH ZERO DEPOSIT "2
£85004/240.48 mi49 Clifton Avenue2
£57504/240.5 miNewhouse Road, Blackpool, Lancashire, FY42
£54204/240.5 miNewhouse Road, Blackpool, Lancashire, FY42
£69504/240.51 miBriercliffe Mews, Marton2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.89 miles away

Nearest school

0.10 miles away

Nearest train station

1.57 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £90,000

October 16, 2024

Floor Plans

Description

  • End Terrace House requiring some modernising situated in a popular and convenient location close to Stanley School other local amenities and access to the motorway +
  • Entrance Porch, Hallway, Lounge, Kitchen +
  • 2 Bedrooms, Bathroom +
  • Enclosed Rear Garden, no onward chain +

End Terrace House in need of modernisation, located in a sought-after area close to Stanley School and other local amenities. Offering easy access to the motorway, this property presents a fantastic opportunity for buyers seeking a project. The entrance porch leads into a hallway that opens up into a cosy lounge and a functional kitchen. Upstairs, there are two bedrooms and a bathroom, providing ample living space for a small family or couples looking to put their stamp on a property. With an enclosed rear garden, this home is ideal for those who enjoy outdoor living and gardening. Furthermore, being sold with no onward chain, this property offers a straightforward purchase process for potential buyers looking to move in swiftly and start their renovation journey.

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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