3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY1 2PF, £75,000

67 Ashburton Road, Blackpool, FY1 2PF - 7 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 2%
93 m²
+3 photos

ValuationFair Value

Sold Prices£38K - £245K
Sold Prices/m²£522/m² - £2.4K/m²

 

 

Square Metres

93 m²
Price/m²£806/m²

Value Estimate

£75,750

 

 

End Value (After Refurb)

£98,391

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£38,000

Bridging Loan Interest

£1,969

Total Cash In

£63,919

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£98,391

Mortgage (After Refinance)

£73,793

Mortgage LTV

75%

Cash Released

£17,543

Cash Left In

£46,375

Equity

£24,598

Rent Range

£500 - £1,200

Rent Estimate

£575

Running Costs/mo

£442

Cashflow/mo

£133

Cashflow/yr

£1,590

ROI

2%

Gross Yield

9%

Local Sold Prices

50 sold prices from £38K to £245K, average is £96.5K. £522/m² to £2.4K/m², average is £942/m².

PriceDateDistanceAddressBeds 
£92K02/230.03 mi96, Sherbourne Road, Blackpool FY1 2PG3
£84K08/210.03 mi79, Sherbourne Road, Blackpool FY1 2PG3
£67K05/210.07 mi57, Sherbourne Road, Blackpool FY1 2PQ3
£135K01/230.08 mi39, Clifford Road, Blackpool FY1 2PU3
£72.5K04/210.09 mi46, Clifford Road, Blackpool FY1 2PU3
£59K03/210.09 mi45a, Handsworth Road, Blackpool FY1 2RQ3
£70K11/200.14 mi1, Grantham Road, Blackpool FY1 2RF3
£92K06/230.14 mi84, Cocker Street, Blackpool FY1 2EB3
£73.5K03/230.15 mi30, Cross Street, Blackpool FY1 2EA3
£99K10/210.17 mi23, Claremont Road, Blackpool FY1 2QF3
£38K03/210.21 mi306, Talbot Road, Blackpool FY1 3QS3
£75K07/210.22 mi33, Eaves Street, Blackpool FY1 2NH3
£70K02/230.23 mi23, Braithwaite Street, Blackpool FY1 2HS3
£76K05/210.25 mi73, High Street, Blackpool FY1 2BP3
£50.5K03/210.26 mi46, Sutherland Road, Blackpool FY1 2QT3
£85K07/210.26 mi26, Boothley Road, Blackpool FY1 3RS3
£64K03/210.27 mi45, Gorton Street, Blackpool FY1 3HP3
£64K03/210.27 mi45, Gorton Street, Blackpool FY1 3HP3
£111.5K12/210.28 mi10, St Pauls Road, Blackpool FY1 2NY3
£107.5K03/230.28 mi32, Victory Road, Blackpool FY1 3JT3
£138K01/230.28 mi25, Coopers Way, Blackpool FY1 3RJ3
£98K11/210.29 mi19, Catterall Close, Blackpool FY1 3RB3
£120K03/210.29 mi151, Warley Road, Blackpool FY1 2RW3
£149.9K06/210.29 mi139, Warley Road, Blackpool FY1 2RW3
£72K10/210.31 mi8, Fairhurst Street, Blackpool FY1 3HS3
£127.5K11/200.31 mi200, Devonshire Road, Blackpool FY3 7AA3
£148.7K06/210.31 mi193, Devonshire Road, Blackpool FY3 7AA3
£137K02/230.31 mi169, Devonshire Road, Blackpool FY3 7AA3
£135K03/230.31 mi197, Devonshire Road, Blackpool FY3 7AA3
£75K03/210.32 mi9, Fenton Road, Blackpool FY1 3RT3
£113K02/230.32 mi31, Fenton Road, Blackpool FY1 3RT3
£72.5K03/230.32 mi20, Leavesley Road, Blackpool FY1 2QP3
£90K06/210.32 mi4, Leavesley Road, Blackpool FY1 2QP3
£108.5K02/210.34 mi46, Westminster Road, Blackpool FY1 2RN3
£70K11/200.34 mi35, Fisher Street, Blackpool FY1 3HX3
£155K02/210.35 mi140, Warley Road, Blackpool FY1 2RP3
£170K03/230.35 mi174, Warley Road, Blackpool FY1 2RP3
£125K05/210.35 mi156, Warley Road, Blackpool FY1 2RP3
£170K07/230.35 mi146, Warley Road, Blackpool FY1 2RP3
£115K01/230.36 mi1, Newman Road, Blackpool FY1 2QN3
£245K12/210.36 mi134, Warley Road, Blackpool FY1 2RP3
£96K06/210.36 mi11, Leckhampton Road, Blackpool FY1 2NB3
£91K07/210.36 mi6, Leckhampton Road, Blackpool FY1 2NB3
£122.5K11/220.38 mi9, Ramsey Avenue, Blackpool FY3 7AH3
£135K04/230.39 mi27, Douglas Avenue, Blackpool FY3 7AL3
£160K04/230.39 mi14, Douglas Avenue, Blackpool FY3 7AL3
£85K11/200.4 mi209, Talbot Road, Blackpool FY3 7AS3
£190K08/220.41 mi11, Geldof Drive, Blackpool FY1 2AQ3
£97K05/210.41 mi45, Ormond Avenue, Blackpool FY1 2LW3
£74.5K12/200.41 mi46, Selbourne Road, Blackpool FY1 3SA3

Local Rents

30 rents from £500/mo to £1.2K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£82512/240.09 mi-3
£65004/240.13 miCheltenham Road, Blackpool, FY1 2PR3
£82504/240.14 miChesterfield Road, Blackpool, Lancashire, FY13
£77504/240.14 miChesterfield Road, Blackpool3
£80002/250.15 mi-3
£50012/240.19 mi-3
£77505/240.22 miHardman Street, Blackpool3
£70004/240.22 miHardman Street, Blackpool, Lancashire, FY13
£80005/240.23 miBraithwaite Street, Blackpool, FY1 2HS3
£70004/240.26 miAvon Place, Blackpool, FY1 2QX3
£85004/240.29 miCoopers Way, Blackpool, FY13
£85004/240.31 miDevonshire Road, Blackpool, Lancashire, FY33
£72505/240.32 mi-3
£70012/240.32 mi-3
£1,20004/250.35 mi-3
£72501/250.36 mi-3
£72501/250.36 mi-3
£72504/240.4 mi-3
£79509/240.4 mi-3
£65004/250.42 mi-3
£65006/240.42 mi-3
£80004/240.42 miSelbourne Road, Blackpool, Lancashire, FY13
£75004/240.48 miCaunce Street, Blackpool3
£85001/250.5 mi-3
£79507/240.52 mi-3
£80005/240.53 miManchester Road, Blackpool, FY3 8BP3
£70004/240.54 miPeter Street, Blackpool, FY1 3LT3
£92503/240.56 mi-3
£1,05002/250.57 mi-3
£75004/240.59 miManchester Road, Blackpool, FY3 8DN3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £75,000

October 24, 2024

Sold for £63,000

2003

Floor Plans

Description

  • Three Bedroom Semi Detached Family Home +
  • Fully Fitted Kitchen +
  • Utility Room +
  • Sunroom +
  • Family Bathroom +
  • Two Double Bedrooms +
  • One Single Bedroom +
  • Garden to the Rear +
  • Close to all local transport Links +
  • Town Centre Location +

Welcome to Ashburton Road, Blackpool,

Stepping into the hall, you'll notice that the ground floor has been configured thoughtfully with Family in mind, with a large Kitchen diner leading into a utility room and sunroom. As you glance outwards from the sunroom your gaze will be drawn to the rear gardens with a little bit of work it could be whipped into shape quite easily.

While the kitchen/diner on this floor is functional, a touch of sparkle is needed to truly elevate the space to its full potential. Imagine the possibilities once you've installed a brand-new kitchen that will become the heart of the home.

Making your way upstairs, you'll discover three generously proportioned bedrooms, perfectly suited for family living or as an attractive investment opportunity. These rooms provide ample space for rest, relaxation, and personalisation, ensuring a comfortable and adaptable living environment. With two large double rooms and one single, there is plenty of scope for all the family.

On this level and at the rear of the house, you'll find the bathroom conveniently located. Although it possesses a good layout, a makeover is in order to make it truly stand out. Picture it adorned with tasteful tiles and fitted with a fresh suite, transforming it into a gorgeous family bathroom suite.

Whether you are seeking a family home or a savvy investment, this property holds the promise of a bright future. Don't miss the chance to seize this opportunity and embark on an exciting renovation journey.

The property is currently tenanted and is achieving a rental Income of £575 pcm and can be sold with vacant possession.
This is a Freehold Property and Council Tax band A

Agent Details

Martin & Co, Blackpool

01253 835489

Next Steps?

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