3 Bed Bungalow, Refurb/BRRR, Blackpool, FY4 2PR, £200,000

Deeside, Blackpool, FY4 2PR - 5 months ago

Refurb/BRRR
ROI: 1%
~118 m²
+11 photos

ValuationFair Value

Sold Prices£90K - £255K
Sold Prices/m²£1.2K/m² - £2.7K/m²

 

 

Square Metres

~118.20 m²
Price/m²£1.7K/m²

Value Estimate

£203,487

 

 

End Value (After Refurb)

£204,577

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£53,034

Bridging Loan Interest

£5,250

Total Cash In

£121,234

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£204,577

Mortgage (After Refinance)

£153,433

Mortgage LTV

75%

Cash Released

£3,433

Cash Left In

£117,801

Equity

£51,144

Rent Range

£650 - £1,250

Rent Estimate

£926

Running Costs/mo

£845

Cashflow/mo

£81

Cashflow/yr

£978

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £255K, average is £148.3K. £1.2K/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£255K12/220.04 mi18, Balham Avenue, Blackpool FY4 3QP3
£195K01/230.06 mi9, Deeside, Blackpool FY4 2PR3
£140K11/230.1 mi30, Weeton Avenue, Blackpool FY4 3QW3
£121K11/200.13 mi18, Ivy Avenue, Blackpool FY4 3QG3
£122.5K03/230.13 mi108, Ivy Avenue, Blackpool FY4 3QG3
£190K06/230.14 mi23, Longridge Avenue, Blackpool FY4 3QN3
£118K11/210.14 mi1, Ivy Avenue, Blackpool FY4 3QF3
£130K11/200.15 mi80, Stadium Avenue, Blackpool FY4 3QB3
£148K04/230.15 mi84, Stadium Avenue, Blackpool FY4 3QB3
£145K05/210.15 mi40, Stadium Avenue, Blackpool FY4 3QB3
£154K06/210.15 mi10, Stadium Avenue, Blackpool FY4 3QB3
£150K02/230.15 mi34, Stadium Avenue, Blackpool FY4 3QB3
£170K12/220.15 mi80, Stadium Avenue, Blackpool FY4 3QB3
£151K06/230.15 mi21, Stadium Avenue, Blackpool FY4 3QA3
£166K02/210.15 mi73, Stadium Avenue, Blackpool FY4 3QA3
£140K06/230.15 mi25, Stadium Avenue, Blackpool FY4 3QA3
£159.5K02/240.15 mi15, Stadium Avenue, Blackpool FY4 3QA3
£157K05/230.15 mi61, Stadium Avenue, Blackpool FY4 3QA3
£180K05/230.16 mi58, Sandgate, Blackpool FY4 2NA3
£139K11/230.17 mi83, Faringdon Avenue, Blackpool FY4 3QJ3
£122.5K06/210.18 mi83, Faringdon Avenue, Blackpool FY4 3QJ3
£185K06/210.18 mi3, Westby Avenue, Blackpool FY4 3QL3
£160K11/230.18 mi31, Westby Avenue, Blackpool FY4 3QL3
£167K11/200.19 mi36, Helens Close, Blackpool FY4 3QE3
£167K06/210.19 mi8, Helens Close, Blackpool FY4 3QE3
£95K04/230.19 mi72, Sandgate, Blackpool FY4 2LX3
£135K05/210.2 mi324, St Annes Road, Blackpool FY4 2QP3
£199.9K11/220.2 mi22, Highgate, Blackpool FY4 2QJ3
£180K05/230.21 mi71, Helens Close, Blackpool FY4 3QD3
£130K02/210.21 mi49, Helens Close, Blackpool FY4 3QD3
£173K05/210.21 mi89, Helens Close, Blackpool FY4 3QD3
£132.5K10/200.21 mi15, Kimberley Avenue, Blackpool FY4 2LS3
£125K02/230.23 mi36, Sawley Avenue, Blackpool FY4 2NB3
£148K03/210.23 mi52, Sawley Avenue, Blackpool FY4 2NB3
£90K12/200.23 mi48, Sawley Avenue, Blackpool FY4 2NB3
£190K03/230.23 mi45, Sawley Avenue, Blackpool FY4 2NB3
£118K11/200.23 mi77, Lindale Gardens, Blackpool FY4 3PJ3
£133K02/210.23 mi63, Lindale Gardens, Blackpool FY4 3PJ3
£145K01/230.23 mi61, Lindale Gardens, Blackpool FY4 3PH3
£140K12/200.24 mi16, Selby Avenue, Blackpool FY4 2LY3
£161K12/200.24 mi14, Selby Avenue, Blackpool FY4 2LY3
£148.5K09/210.24 mi19, Burgate, Blackpool FY4 2QH3
£230K02/230.24 mi2, Burgate, Blackpool FY4 2QH3
£134.5K11/200.25 mi11, Ravenwood Avenue, Blackpool FY4 2LT3
£143K12/210.26 mi6, Inskip Place, Blackpool FY4 3QX3
£157.5K02/230.28 mi40, Belvere Avenue, Blackpool FY4 2LW3
£155K06/230.29 mi9, Gildabrook Road, Blackpool FY4 2LU3
£149K05/230.29 mi18, Nateby Avenue, Blackpool FY4 3QY3
£100K11/200.29 mi58, Endsleigh Gardens, Blackpool FY4 3PA3
£110K01/240.29 mi35, Endsleigh Gardens, Blackpool FY4 3PA3

Local Rents

26 rents from £650/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£67502/240.13 miIvy Avenue, Blackpool, FY4 3QG3
£95004/240.16 miHelens Close, Blackpool3
£95004/240.16 miHelens Close, Blackpool3
£89505/240.17 mi61 Faringdon Avenue3
£95004/240.2 mi-3
£85004/240.2 miFaringdon Avenue, Blackpool, Lancashire, FY43
£90005/240.29 miGildabrook Road, Blackpool3
£79504/240.29 mi17 Lindale Gardens3
£75004/240.29 mi80 Lindale3
£75005/240.29 mi80 Lindale3
£85004/240.29 miEndsleigh Gardens, Blackpool3
£79504/240.3 miEndsleigh Gardens, Blackpool3
£65012/230.35 mi-3
£1,00004/240.35 miEdgeway Road, Blackpool, FY43
£1,00004/240.35 mi-3
£90004/240.36 mi-3
£79504/240.39 mi33 Kingston Avenue3
£87512/240.39 mi-3
£85004/240.41 miCollyhurst Avenue3
£1,19004/240.43 mi-3
£1,25004/240.43 miRosemary Avenue, Blackpool, FY43
£95003/250.54 mi-3
£1,25004/240.57 miSt. Lukes Road, Blackpool3
£1,19504/240.57 miFerndale Avenue, Blackpool, FY43
£1,10004/240.57 mi-3
£95011/240.62 mi-3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.60 miles away

Nearest school

0.40 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £200,000

November 5, 2024

Floor Plans

Description

  • Semi Detached Dormer Bungalow built by local builders "Ashworths" situated on a corner plot in a much sought after location just off St Annes Road and close to Squires Gate Lane +
  • Entrance Reception Hallway with opening into Lounge, Inner Hallway, Ground Floor Shower Room, Fitted Kitchen, Ground Floor Bedroom with Fitted wardrobes +
  • First Floor Landing with feature vaulted ceiling, 2 further Bedrooms and Bathroom +
  • Gas Central Heating, uPVC Double Glazing, Driveway, Garage, Front, side and enclosed rear garden +
  • Requiring some modernising throughout and offered with no onward chain +

Semi Detached Dormer Bungalow built by local builders "Ashworths" on a corner plot in a coveted location off St Annes Road and near Squires Gate Lane. The property offers an inviting Entrance Reception Hallway leading to a charming Lounge, Inner Hallway, Ground Floor Shower Room, and a well-equipped Kitchen. A Ground Floor Bedroom with Fitted wardrobes adds convenience. The First Floor Landing boasts a striking vaulted ceiling, leading to 2 additional Bedrooms and a Bathroom. This delightful home features Gas Central Heating, uPVC Double Glazing, a Driveway, Garage, and both front and rear garden spaces. While the property would benefit from modernisation, it presents an excellent opportunity and is offered with no onward chain.

EPC Rating: E

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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