3 Bed Terraced House, Refurb/BRRR, Blackpool, FY4 4UD, £65,000

Deepdale Road, Blackpool, Lancashire, FY4 4UD - 1 views - 5 months ago

Under Offer
Refurb/BRRR
ROI: 4%
~93 m²
+3 photos

ValuationFair Value

Sold Prices£56.5K - £260K
Sold Prices/m²£675/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£699/m²

Value Estimate

£65,650

 

 

End Value (After Refurb)

£144,027

Uplift in Value

+122%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Refurb Costs

£41,727

Bridging Loan Interest

£1,706

Total Cash In

£65,883

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£144,027

Agent Fees (1%)

£1,440

Bridging Loan

£48,750

Bridging Loan Interest

£1,706

Flip Profit

£27,953

Local Sold Prices

50 sold prices from £56.5K to £260K, average is £127.7K. £675/m² to £3.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£95K02/230.1 mi23, Birkside Way, Blackpool FY4 4TZ3
£140K11/230.13 mi46, Annan Crescent, Blackpool FY4 4RQ3
£85K04/230.16 mi85, Langdale Road, Blackpool FY4 4TY3
£175K04/210.23 mi1a, Clifton Avenue, Blackpool FY4 4RF3
£225K05/210.23 mi34, Clifton Avenue, Blackpool FY4 4RF3
£260K02/230.23 mi1, Ellisland, Blackpool FY4 4SB3
£170.5K12/220.23 mi3, Clifton Avenue, Blackpool FY4 4RF3
£200K05/210.26 mi240, Preston New Road, Blackpool FY4 4RH3
£255K02/230.26 mi240, Preston New Road, Blackpool FY4 4RH3
£85K03/210.29 mi6, Bowfell Close, Blackpool FY4 4SQ3
£110K11/210.34 mi30, Rusland Avenue, Blackpool FY4 4SP3
£86.5K02/210.34 mi81, Branstree Road, Blackpool FY4 4SR3
£84K04/210.34 mi95, Branstree Road, Blackpool FY4 4SR3
£98K11/200.36 mi63, Devona Avenue, Blackpool FY4 4NU3
£160K08/210.38 mi4, Wheatlands Crescent, Blackpool FY3 9UD3
£105K08/210.38 mi39, Rusland Avenue, Blackpool FY4 4SW3
£83K11/200.38 mi53, Rusland Avenue, Blackpool FY4 4SW3
£129.9K01/210.38 mi2, Bassenthwaite Road, Blackpool FY3 9UJ3
£159.9K11/200.39 mi15, Meadowbrook, Blackpool FY3 9UE3
£125.5K12/200.39 mi12, Meadowbrook, Blackpool FY3 9UE3
£172.5K01/210.42 mi18, Winster Place, Blackpool FY4 4SJ3
£139.9K08/210.42 mi64, Kipling Drive, Blackpool FY3 9UB3
£139.9K08/210.42 mi64, Kipling Drive, Blackpool FY3 9UB3
£122.3K01/210.45 mi103, Kipling Drive, Blackpool FY3 9UF3
£208K11/210.51 mi43, Cherry Tree Road, Blackpool FY4 4NS3
£110K10/200.55 mi5, Knutsford Road, Blackpool FY3 9UU3
£130K09/210.55 mi12, Carson Road, Blackpool FY4 4HX3
£100K07/210.57 mi256, Newhouse Road, Blackpool FY4 4PA3
£120K02/230.57 mi226, Newhouse Road, Blackpool FY4 4PA3
£245K02/210.6 mi159a, Cherry Tree Road, Blackpool FY4 4PQ3
£122K08/210.61 mi150, Penrose Avenue, Blackpool FY4 4JX3
£160K06/230.64 mi27, Sunningdale Avenue, Blackpool FY4 4HU3
£160K09/210.64 mi47, Sunningdale Avenue, Blackpool FY4 4HU3
£165K11/210.65 mi7, Swift Close, Blackpool FY3 9PE3
£105.5K12/220.66 mi23, Highbank Avenue, Blackpool FY4 4PR3
£145K01/210.66 mi46, Mooretree Drive, Blackpool FY4 4LL3
£56.5K03/210.66 mi45, Southbank Avenue, Blackpool FY4 5BU3
£121.6K10/210.68 mi73, Highbank Avenue, Blackpool FY4 4PR3
£161K04/210.68 mi2, Rosefinch Way, Blackpool FY3 9NY3
£169.9K08/210.68 mi38, Rosefinch Way, Blackpool FY3 9NY3
£75K10/210.68 mi104, Southbank Avenue, Blackpool FY4 5BX3
£235K10/210.68 mi52, Rosefinch Way, Blackpool FY3 9NY3
£78K12/210.69 mi21, Westbank Avenue, Blackpool FY4 5BT3
£112.5K04/210.7 mi6, Dalkeith Avenue, Blackpool FY3 9SS3
£214.5K10/220.7 mi11, Rosefinch Way, Blackpool FY3 9NX3
£117.5K03/210.71 mi3, Winton Avenue, Blackpool FY4 4HT3
£124K05/210.74 mi14, Mereland Road, Blackpool FY3 9NF3
£106K11/200.75 mi7, Saxby Grove, Blackpool FY4 4LA3
£156K12/220.75 mi74, Penrose Avenue, Blackpool FY4 4JT3
£100K11/220.76 mi1, Senior Avenue, Blackpool FY4 4LE3

Local Rents

20 rents from £650/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,35012/240.12 mi-3
£70004/240.25 miKentmere Drive, Blackpool3
£77505/240.34 miRusland Avenue, Blackpool, Lancashire, FY43
£1,50002/240.4 mi-3
£85004/240.42 miWinster Place Blackpool FY4 4SJ3
£85004/240.47 miMythop Road, Blackpool, Lancashire, FY43
£80012/230.54 mi-3
£80004/240.66 miSouthbank Avenue, Blackpool, FY4 5BU3
£87504/240.9 miAskrigg Close, Blackpool, Lancashire, FY43
£80004/240.96 miPhillip Street, Blackpool, Lancashire, FY43
£85004/241.02 miSedbergh Avenue, Blackpool3
£65004/241.02 miSedburgh Avenue, Blackpool3
£79504/241.03 miSt. Edmunds Road, Blackpool3
£89512/241.06 mi-3
£97503/251.06 mi-3
£89505/241.06 miVicarage Lane, Blackpool, FY43
£90004/241.07 mi-3
£69505/241.15 mi21 Crossland Road3
£95011/241.17 mi-3
£70002/241.19 miHouseman Place, Blackpool, FY4 5AE3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

1.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £65,000

November 6, 2024

Description

  • 3 BED MID TERRACE +
  • GARDENS +
  • CLOSE TO MOTORWAY NETWORK +
  • REQUIRES COMPLETE MODERNIZATION +
  • COUNCIL TAX BAND A +
  • NO CHAIN +

. GARDEN FRONTED MID TERRACE HOUSE
. 3 BEDROOMS
. GARDENS TO FRONT & REAR
REQUIRING COMPLETE MODERNISATION

DESCRIPTION Forming part of a well established development offering easy access to Blackpool town centre and the motorway network, this garden terrace boasts well built and spacious accommodation which requires complete modernisation throughout. Features include entrance hall, lounge with dining room off, kitchen, landing, three bedrooms and a bathroom and W.C. Outside at the front is a lawned garden and to the rear is a garden which extends about 60ft in length.

LOCATION Proceeding out of Blackpool along Preston New Road and turn right near McDonalds into Cherry Tree Road North. Turn left at the next lights in to Clifton Road. Turn left into Langdale Road and Deepdale Road is on the right hand side.

The accommodation comprises:-

ON THE GROUND FLOOR

ENTRANCE HALL Stairs, window.

LOUNGE 14'0 X 13'7. UPVC double glazed window, open fire, open to:-

DINING ROOM 10'2 X 7'11. Window.

KITCHEN 9'8 X 9'8. Single bowl single drainer stainless steel sink unit, door to side, window.
ON THE FIRST FLOOR

LANDING Loft access.

BEDROOM NO 1 11'0 X 11'0. Window, feature fireplace, built in wardrobes.

BEDROOM NO 2 8'9 X 8'2. Window, built in cupboard.

BEDROOM NO 3 8'9 X 8'2. Window, built in cupboard.

BATHROOM & W.C Freestanding bath, wash hand basin, W.C - high flush, cylinder cupboard, window.

OUTSIDE
LAWNED FRONT GARDEN

APPROX 60FT REAR GARDEN

TENURE Freehold.

SERVICES All mains services - gas fired central heating.

VIEWINGS Only by prior appointment through Duncan Raistrick Estate Agents. Tel:- - open 7 days a week.

COUNCIL TAX BAND:- A

Agent Details

Duncan Raistrick, Blackpool

01253 835382

Next Steps?

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