3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 2BT, £255,000

Ormont Avenue, Thornton-Cleveleys, FY5 2BT - 1 views - 5 months ago

Sold STC
Refurb/BRRR
~106 m²
+16 photos

ValuationOvervalued

Sold Prices£82.5K - £700K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~106.37 m²
Price/m²£2.4K/m²

Value Estimate

£176,225

 

 

End Value (After Refurb)

£217,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Refurb Costs

£43,103

Bridging Loan Interest

£6,694

Total Cash In

£124,397

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£217,000

Mortgage (After Refinance)

£162,750

Mortgage LTV

75%

Cash Left In

£124,397

Equity

£54,250

Rent Range

£700 - £1,200

Rent Estimate

£900

Running Costs/mo

£878

Cashflow/mo

£22

Cashflow/yr

£263

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £82.5K to £700K, average is £164K. £1.1K/m² to £4.5K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£300.6K07/230.05 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.05 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£217K09/210.09 mi70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY3
£170K09/210.1 mi4, Cypress Avenue, Thornton-cleveleys, Lancashire FY5 2JA3
£168K12/220.11 mi467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR3
£190K12/210.12 mi3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU3
£455K12/220.12 mi11, The Grove, Thornton-cleveleys, Lancashire FY5 2JD3
£438.2K02/230.15 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.15 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£197K03/210.15 mi30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ3
£385K01/210.17 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£200K02/230.18 mi8, Stanley Avenue, Thornton-cleveleys, Lancashire FY5 3NQ3
£700K05/230.21 miAshville, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QP3
£120K09/210.21 mi20, Shakespeare Road, Fleetwood, Lancashire FY7 7HG3
£127.5K07/210.23 mi23, St Davids Avenue, Thornton-cleveleys, Lancashire FY5 3NL3
£175K12/200.24 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£400K09/210.24 miWestoria, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QT3
£130K10/210.25 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.25 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£180K08/210.25 mi433, North Drive, Thornton-cleveleys, Blackpool FY5 3AP3
£137K03/230.26 mi416, North Drive, Thornton-cleveleys, Blackpool FY5 3AR3
£150K12/210.27 mi11, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£125K10/210.27 mi38, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£220K07/210.28 mi559, North Drive, Thornton-cleveleys, Lancashire FY5 2PD3
£217K04/210.3 mi22, Wolsey Close, Thornton-cleveleys, Lancashire FY5 2NZ3
£370K01/210.31 miThe Hawthorns, Linden Close, Thornton-cleveleys, Lancashire FY5 2RA3
£127K06/230.32 mi18, Merlyn Road, Thornton-cleveleys, Lancashire FY5 3AZ3
£254.8K03/230.32 mi132, West Drive, Thornton-cleveleys, Lancashire FY5 2JG3
£110K02/230.33 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£103K07/210.33 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£147.5K06/210.33 mi12, Crescent Avenue, Thornton-cleveleys, Lancashire FY5 3JE3
£90K11/200.33 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£177.5K02/230.33 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£120K06/210.33 mi51, Nutter Road, Thornton-cleveleys, Lancashire FY5 1BQ3
£360K05/230.35 mi11a, Rowland Lane, Thornton-cleveleys, Lancashire FY5 2QX3
£153K12/200.35 mi26, Conway Avenue, Thornton-cleveleys, Blackpool FY5 3JH3
£106K04/210.35 mi107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT3
£170K04/230.36 mi91, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3PE3
£160K03/210.36 mi11, Knowle Avenue, Thornton-cleveleys, Lancashire FY5 3PW3
£133.5K10/200.37 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.37 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£130K04/230.38 mi4, Slinger Road, Thornton-cleveleys, Lancashire FY5 1BN3
£82.5K01/230.38 mi9, Clegg Avenue, Thornton-cleveleys, Lancashire FY5 1BJ3
£152K06/210.38 mi6, Bedale Place, Thornton-cleveleys, Blackpool FY5 3PD3
£192K07/230.39 mi61, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£210K03/210.39 mi67, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£125K04/210.39 mi88, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£157K01/210.39 mi19, Lauderdale Avenue, Thornton-cleveleys, Blackpool FY5 3JP3
£117K07/230.4 mi380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF3
£126K07/230.4 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3

Local Rents

22 rents from £700/mo to £1.2K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£80004/240.12 miElms Avenue, Thornton-Cleveleys3
£70004/240.13 miVictoria Road West3
£1,00003/250.18 mi-3
£97504/240.2 miStockdove Way, Thornton-Cleveleys3
£82504/240.3 mi-3
£93204/240.31 mi-3
£97503/250.31 mi-3
£92704/240.31 miNorth Drive, Cleveleys, FY53
£75804/240.38 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£85004/240.38 mi-3
£85004/240.4 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£99504/240.42 mi-3
£99504/240.42 mi-3
£89504/240.42 mi-3
£99504/240.42 mi-3
£99504/240.42 mi-3
£82504/240.43 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.43 miCumberland Avenue, Thornton-Cleveleys3
£1,20005/240.49 miQueensbury Road, Thornton-Cleveleys3
£82505/240.52 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£82512/240.52 mi-3
£90104/240.55 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

2.71 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £255,000

November 13, 2024

Floor Plans

Description

  • Family Size Rear Garden, +
  • Off Road Parking Available +
  • Renovated Throughout To An Exceptional Standard +
  • NEW Kitchen And Dining Room (Oct 2024) +
  • Spacious Lounge - Feature Media Wall +
  • THREE Bedrooms, TWO Doubles +
  • NEW Bathroom (Oct 2024) +

STUNNING Family Home - Renovated Throughout To An Exceptional Standard! Ready To Move Into With The Added Convenience Of No Ongoing Chain! Offering Extremely Spacious Living Accommodation With Welcoming Entrance Hallway, Open Plan Kitchen & Dining Room, Spacious Lounge, Ground Floor Washroom, THREE Bedrooms & Stylish Family Bathroom! Garden & Driveway! Early Viewing Is Considered Essential To Appreciate Space Available!

This IMMACULATE Family Home Benefits From Being In A Great Location, A Short Distance To Cleveleys Town Centre Amenities, To Include High Street Shops, Restaurants & Eateries, Award Winning Promenade, Choice of Pre & Primary Schools & Sits Within The Catchment Area Of Several Sought After Secondary Schools. There Are Also Parks & Wooded Walks Nearby, Another Feature Of This Local Area!

Renovation Works Include But Are Not Limited To: Full Rewire Oct 2024, NEW Kitchen Oct 2024, NEW Bathroom 2024, NEW Fixtures & Fittings 2024, NEW Carpets & Flooring 2024, Internal & External Doors, NEW Media Wall 2024 With Designer Wall Inset Remote Control Electric Fire! 

Call Unique Thornton To Secure Your Viewing Today On ! 

EPC: 

Council Tax: B

Internal Living Space: 81sqm

Tenure: Freehold, To Be Confirmed By Your Legal Representative.

Agent Details

Unique Estate Agency Ltd, Thornton Cleveleys

01253 835787

Next Steps?

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