3 Bed Terraced House, Refurb/BRRR, Blackpool, FY4 2BE, £149,995

Beverley Grove, Blackpool, FY4 2BE - 5 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£97K - £369K
Sold Prices/m²£959/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£141,222

 

 

End Value (After Refurb)

£151,885

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,499

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£41,727

Bridging Loan Interest

£3,937

Total Cash In

£93,613

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,885

Mortgage (After Refinance)

£113,914

Mortgage LTV

75%

Cash Released

£1,418

Cash Left In

£92,195

Equity

£37,971

Rent Range

£575 - £1,500

Rent Estimate

£879

Running Costs/mo

£670

Cashflow/mo

£209

Cashflow/yr

£2,503

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £97K to £369K, average is £164.3K. £959/m² to £2.4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£183K02/230 mi18, Bamton Avenue, Blackpool FY4 2DN3
£155K05/230.04 mi5, Beverley Grove, Blackpool FY4 2BG3
£168K01/230.04 mi3, Beverley Grove, Blackpool FY4 2BG3
£103.5K01/210.05 mi27, Fenber Avenue, Blackpool FY4 2DL3
£120K08/210.06 mi36, Beverley Grove, Blackpool FY4 2BE3
£112.5K08/210.06 mi6, Beverley Grove, Blackpool FY4 2BE3
£170K05/230.06 mi6, Beverley Grove, Blackpool FY4 2BE3
£200K05/230.07 mi90, Watson Road, Blackpool FY4 2DE3
£184K07/230.07 mi10, Fifth Avenue, Blackpool FY4 2ES3
£120K03/210.08 mi39, Stamford Avenue, Blackpool FY4 2BH3
£155K11/210.08 mi30, Rangeway Avenue, Blackpool FY4 2DJ3
£115K12/230.08 mi2a, Rangeway Avenue, Blackpool FY4 2DJ3
£200K04/230.09 mi4, Worsley Avenue, Blackpool FY4 2DH3
£160K02/210.09 mi24, Worsley Avenue, Blackpool FY4 2DH3
£275K09/220.1 mi6, Third Avenue, Blackpool FY4 2EU3
£267K03/210.1 mi88, Arnold Avenue, Blackpool FY4 2EN3
£106.4K04/210.11 mi39, Arnold Avenue, Blackpool FY4 2BQ3
£187.5K02/210.13 mi90, Arnold Avenue, Blackpool FY4 2EW3
£204K03/210.14 mi5, Second Avenue, Blackpool FY4 2EX3
£240K06/210.14 mi4, Second Avenue, Blackpool FY4 2EX3
£175K05/210.14 mi8, Second Avenue, Blackpool FY4 2EX3
£137K11/200.14 mi13, Princeway, Blackpool FY4 2DQ3
£165K03/210.14 mi3, Princeway, Blackpool FY4 2DQ3
£200K12/220.16 mi28, Thirlmere Road, Blackpool FY4 2DA3
£369K11/220.17 mi2, Seventh Avenue, Blackpool FY4 2ED3
£157.5K06/210.18 mi12, Chiltern Avenue, Blackpool FY4 2BN3
£139K07/210.19 mi9, Kingsway, Blackpool FY4 2DF3
£97K03/210.21 mi130, St Annes Road, Blackpool FY4 2BD3
£185K10/210.22 mi123, St Lukes Road, Blackpool FY4 2EG3
£111K05/230.22 mi147, Marton Drive, Blackpool FY4 3EY3
£215K06/210.24 mi36, Seventh Avenue, Blackpool FY4 2EB3
£155K04/210.24 mi32, Seventh Avenue, Blackpool FY4 2EB3
£140K01/210.25 mi12, Pedders Lane, Blackpool FY4 3HX3
£214.9K12/210.25 mi41, St Lukes Road, Blackpool FY4 2EL3
£170K11/200.25 mi61, St Lukes Road, Blackpool FY4 2EL3
£144.9K05/210.25 mi57, St Lukes Road, Blackpool FY4 2EL3
£185K10/210.25 mi7, St Lukes Road, Blackpool FY4 2EL3
£123K11/230.25 mi22, Molyneux Drive, Blackpool FY4 3JJ3
£150K10/200.27 mi44, St Lukes Road, Blackpool FY4 2EJ3
£187K01/230.28 mi23, Arlington Avenue, Blackpool FY4 1EL3
£172.5K01/240.28 mi15, Arlington Avenue, Blackpool FY4 1EL3
£163.6K11/220.28 mi52, St Martins Road, Blackpool FY4 2DY3
£200K09/210.28 mi56, St Lukes Road, Blackpool FY4 2EJ3
£204K10/210.3 mi335, St Annes Road, Blackpool FY4 2EE3
£125K12/200.3 mi102, St Annes Road, Blackpool FY4 2BA3
£110K01/210.31 mi117, Watson Road, Blackpool FY4 3EW3
£114K05/230.31 mi111, Watson Road, Blackpool FY4 3EW3
£120K02/210.31 mi149, Watson Road, Blackpool FY4 3EW3
£260K10/220.32 mi5, Lennox Gate, Blackpool FY4 3JQ3
£110K11/210.33 mi4, Thursby Avenue, Blackpool FY4 2HW3

Local Rents

30 rents from £575/mo to £1.5K/mo, average is £860/mo.

RentDateDistanceAddressBeds 
£75005/240.08 miRangeway Avenue, Blackpool3
£75004/240.14 miQueensway, Blackpool3
£1,25004/240.2 miSt. Lukes Road, Blackpool3
£65011/240.32 mi-3
£75004/240.33 miJesmond Avenue, Blackpool, FY4 1EJ3
£75005/240.34 mi-3
£1,10004/240.35 mi-3
£1,19504/240.35 miFerndale Avenue, Blackpool, FY43
£82503/250.36 mi-3
£95003/250.37 mi-3
£90002/250.38 mi-3
£87011/240.39 mi-3
£99504/240.4 mi-3
£99504/240.4 mi-3
£90004/240.41 mi-3
£75005/240.44 miHarcourt Road, Blackpool, FY4 3HW3
£87512/240.44 mi-3
£75004/240.44 mi-3
£75004/240.44 miDewhurst Avenue, Blackpool, FY43
£57501/240.46 mi-3
£77505/240.46 miPowell Avenue, Blackpool, FY4 3HQ3
£79504/240.5 miEndsleigh Gardens, Blackpool3
£85004/240.5 miEndsleigh Gardens, Blackpool3
£1,00004/240.52 miHarrowside, Blackpool, Lancashire, FY43
£77504/240.53 miMarsden Road, Blackpool3
£1,50003/250.54 mi-3
£90005/240.55 miGildabrook Road, Blackpool3
£87505/240.55 mi-3
£87503/250.55 mi-3
£70002/240.61 miHouseman Place, Blackpool, FY4 5AE3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £149,995

November 11, 2024

Floor Plans

Description

  • ** VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE** +
  • Garden Bay Fronted Mid Terraced House +
  • Modernised Including Replacement Kitchen & Four Piece Bathroom +
  • Three Bedrooms, Ground Floor WC, Good Sized Rear Garden +
  • To Be Sold With Tenants In Situ +

Situated in a popular and established location well placed for local amenities including schools, shops and bus routes, this bay fronted mid terraced house as been the subject of a modernisation program to provide ready to walk into accommodation ideal for the first time buyer and family alike.

Entrance hallway with separate wc, lounge, lovely fitted kitchen diner, three bedrooms and a four piece tiled bathroom suite.

There is a good sized enclosed garden area to the rear and a walled enclosed area to the front.

No chain delay. Internal inspection comes highly recommended.

Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Fylde Coast

01253 835297

Next Steps?

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