2 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3AT, £110,000

138 Anchorsholme Lane East, Thornton-Cleveleys, Lancashire FY5 3AT - 3 views - 6 months ago

Sold STC
Auction
Refurb/BRRR
Negative Equity
ROI: 4%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£72.5K - £327.5K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£125,982

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£27,600

Bridging Loan Interest

£2,888

Total Cash In

£64,238

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,982

Mortgage (After Refinance)

£94,487

Mortgage LTV

75%

Cash Released

£11,987

Cash Left In

£52,251

Equity

£31,496

Rent Range

£600 - £775

Rent Estimate

£761

Running Costs/mo

£566

Cashflow/mo

£195

Cashflow/yr

£2,341

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £72.5K to £327.5K, average is £150K. £1.1K/m² to £4.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£95K01/210.08 mi33, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£185K12/200.08 mi26, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£140K02/230.08 mi17, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£149K12/200.16 mi47, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BH2
£170K11/210.18 mi40, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BJ2
£130K02/210.19 mi5, Radnor Avenue, Thornton-cleveleys, Lancashire FY5 3PX2
£134K12/200.2 mi55, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£150K01/230.2 mi33, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£135K06/210.24 mi14, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£135K06/210.24 mi16, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£117K01/210.27 mi29, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RU2
£145K08/230.29 mi52, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RX2
£110.5K06/230.32 mi22, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN2
£195K01/230.34 mi34, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ2
£134.5K04/210.36 mi38, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR2
£100K04/230.38 mi46, Seabrook Drive, Thornton-cleveleys, Blackpool FY5 3SB2
£133.5K12/200.41 mi2, Rockville Avenue, Thornton-cleveleys, Blackpool FY5 3SF2
£310K11/200.42 mi12, Henley Avenue, Thornton-cleveleys, Lancashire FY5 2BN2
£160K06/230.44 mi31, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SW2
£147K11/220.45 mi291, North Drive, Thornton-cleveleys, Blackpool FY5 3HT2
£230K06/230.45 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£139K11/200.45 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£159.9K08/230.46 mi50, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£116K01/210.46 mi44, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£130K02/230.48 mi7, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£124K03/210.48 mi20, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£138K07/230.48 mi20, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£129.9K12/200.48 mi50, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£160K03/210.49 mi39, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP2
£150K08/210.5 mi17, Epsom Road, Thornton-cleveleys, Blackpool FY5 3HS2
£158K10/210.51 mi9, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BX2
£160K10/210.53 mi38, Broadhurst Road, Thornton-cleveleys, Blackpool FY5 3HR2
£196K03/230.53 mi74, Rosebank, Thornton-cleveleys, Lancashire FY5 3FL2
£153K01/230.54 mi42, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BY2
£250K01/230.56 mi13, Stockdove Way, Thornton-cleveleys, Lancashire FY5 2AR2
£259.9K12/200.57 mi35, Seniors Drive, Thornton-cleveleys, Lancashire FY5 2RB2
£157K02/230.59 mi8, Fir Tree Place, Thornton-cleveleys, Blackpool FY5 3DP2
£173K11/210.6 mi297, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£178K07/210.6 mi295, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£201K10/220.61 mi29, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT2
£175K11/220.62 mi15, Bovington Avenue, Thornton-cleveleys, Lancashire FY5 3DW2
£145K05/230.62 mi4, Bovington Avenue, Thornton-cleveleys, Blackpool FY5 3DW2
£72.5K01/230.65 mi64, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2
£155K04/210.66 mi3, Burns Avenue, Thornton-cleveleys, Lancashire FY5 2SZ2
£126K05/230.68 mi10, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW2
£135K01/210.68 mi14, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW2
£215K09/210.69 mi4, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE2
£327.5K11/220.69 mi6, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE2
£165K05/230.69 mi42, Ingleway, Thornton-cleveleys, Lancashire FY5 2PG2
£160K06/230.69 mi7, Browning Avenue, Thornton-cleveleys, Lancashire FY5 2HF2

Local Rents

16 rents from £600/mo to £775/mo, average is £707/mo.

RentDateDistanceAddressBeds 
£67501/250.16 mi-2
£67505/240.31 miSt. Davids Court, St. Davids Avenue, Cleveleys2
£69504/250.37 mi-2
£75004/240.37 mi-2
£75004/240.39 miPLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys2
£77505/240.4 miSeabrook Drive, Thornton Cleveleys2
£75004/240.4 miEastpines Drive, Thornton-Cleveleys, FY5 3RY2
£71304/250.49 mi-2
£70004/240.49 mi5 Crescent West, Cleveleys. FY5 1AB2
£69504/240.53 miRosebank, Thornton-Cleveleys2
£65004/240.53 miRosebank, Thornton-Cleveleys, Lancashire, FY52
£77502/250.54 mi-2
£75012/240.54 mi-2
£77504/250.54 mi-2
£60012/240.54 mi-2
£69502/250.55 mi-2

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £110,000

-9%

October 22, 2024

Sold for £119,950

2004

Sold for £54,950

1998

Description

  • Off Street Parking and Garage +
  • Great Refurb Project +
  • Great Residential Area +

Online Auction - 12th to 13th November 2024 Vacant Two Bedroom Detached Bungalow Detached two bedroom bungalow in a popular residential area close to shops, schools and transport links.

The property comprises hall, lounge, two bedrooms, bathroom and kitchen/diner.
Externally there is off street parking and gardens front, side and rear and a detached garage with rear access.

Tenure: Freehold
Title number: LA432799
Council Tax Band : C
Local Authority: Blackpool

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Freehold Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts. Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Fulwood

01772 286883

Next Steps?

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