3 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 1JB, £285,000

Green Drive, Thornton-Cleveleys, FY5 1JB - 5 months ago

Sold STC
Refurb/BRRR
~103 m²
+12 photos

ValuationOvervalued

Sold Prices£82.5K - £405K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~103.14 m²
Price/m²£2.8K/m²

Value Estimate

£183,147

 

 

End Value (After Refurb)

£222,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£71,250

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£41,794

Bridging Loan Interest

£7,481

Total Cash In

£133,776

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£222,500

Mortgage (After Refinance)

£166,875

Mortgage LTV

75%

Cash Left In

£133,776

Equity

£55,625

Rent Range

£700 - £1,200

Rent Estimate

£904

Running Costs/mo

£896

Cashflow/mo

£8

Cashflow/yr

£95

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £82.5K to £405K, average is £164.5K. £1.1K/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£140K01/210.11 mi1, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HL3
£130K04/230.11 mi95, Green Drive, Thornton-cleveleys, Lancashire FY5 1JD3
£175K03/210.13 mi24, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HN3
£134K01/210.13 mi29, Kings Walk, Thornton-cleveleys, Lancashire FY5 1HT3
£125K12/200.15 mi17, Green Drive, Thornton-cleveleys, Lancashire FY5 1LH3
£135K12/220.16 mi52, Green Drive, Thornton-cleveleys, Lancashire FY5 1LQ3
£169K08/230.26 mi9, South Avenue, Thornton-cleveleys, Lancashire FY5 1JY3
£405K02/230.27 mi23, Queens Walk, Thornton-cleveleys, Lancashire FY5 1JU3
£184K12/200.29 mi84, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£186K08/210.29 mi82, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£160K04/230.3 mi14, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£187.5K03/230.3 mi6, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£120K11/210.32 mi79, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£319.9K09/210.32 mi37, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£164K05/210.32 mi11, Crossway, Thornton-cleveleys, Lancashire FY5 1LA3
£86.5K04/210.32 mi10, Tebay Avenue, Thornton-cleveleys, Lancashire FY5 2NB3
£163K07/230.33 mi43, Penrith Avenue, Thornton-cleveleys, Lancashire FY5 2NA3
£140K05/230.33 mi2, Egremont Avenue, Thornton-cleveleys, Lancashire FY5 2NF3
£200K05/230.41 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£170K06/210.49 mi35, Barnes Drive, Thornton-cleveleys, Lancashire FY5 2WQ3
£133K02/210.49 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£204.9K01/230.5 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£258K07/230.52 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£110.1K12/200.52 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£220K03/230.54 mi3, Ocean Way, Thornton-cleveleys, Lancashire FY5 1FE3
£126K07/230.54 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£177K09/210.55 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£115K06/210.57 mi23, Manor Drive, Thornton-cleveleys, Lancashire FY5 1ET3
£133.5K10/200.57 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.57 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£182K03/210.57 mi23, Beachcomber Drive, Thornton-cleveleys, Lancashire FY5 1FD3
£170K07/230.59 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£188K02/210.6 mi31, Southworth Way, Thornton-cleveleys, Lancashire FY5 2WW3
£190K06/230.6 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.6 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£177.5K02/230.61 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£103K07/210.67 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£283K07/230.67 mi26, North Promenade, Thornton-cleveleys, Lancashire FY5 1DW3
£110K02/230.68 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£82.5K01/230.7 mi9, Clegg Avenue, Thornton-cleveleys, Lancashire FY5 1BJ3
£175K12/200.7 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£90K11/200.71 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£229.9K03/210.73 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£285K02/230.73 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£150K07/230.75 mi2, Kent Avenue, Thornton-cleveleys, Lancashire FY5 2PS3
£130K10/210.75 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.75 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£120K06/210.75 mi51, Nutter Road, Thornton-cleveleys, Lancashire FY5 1BQ3
£165K11/210.75 mi28, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3
£157K08/210.75 mi26, Sunderland Avenue, Thornton-cleveleys, Lancashire FY5 2QG3

Local Rents

29 rents from £700/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,10008/230.05 mi-3
£90005/240.28 mi-3
£80004/240.28 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£99504/240.3 miRossall Road, Thornton Cleveleys3
£90002/250.33 mi-3
£82504/240.53 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.53 miCumberland Avenue, Thornton-Cleveleys3
£85004/240.7 mi-3
£97504/240.75 miStockdove Way, Thornton-Cleveleys3
£75804/240.76 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£1,00003/250.81 mi-3
£80004/240.96 miElms Avenue, Thornton-Cleveleys3
£90104/241.04 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£87504/241.04 miMayfield Avenue, THORNTON CLEVELEYS3
£87504/241.04 miMayfield Avenue, THORNTON CLEVELEYS3
£82504/241.06 miMayfield Avenue, Thornton-Cleveleys, Lancashire, FY53
£70004/241.06 miVictoria Road West3
£1,20005/241.07 miQueensbury Road, Thornton-Cleveleys3
£75004/241.17 miSpringfield Terrace, Fleetwood, Lancashire, FY73
£99504/241.19 mi-3
£99504/241.19 mi-3
£89504/241.19 mi-3
£99504/241.19 mi-3
£99504/241.19 mi-3
£89504/241.2 miLaurel Avenue, Fleetwood3
£93204/241.23 mi-3
£97503/251.23 mi-3
£92704/241.23 miNorth Drive, Cleveleys, FY53
£82504/241.24 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.55 miles away

Nearest school

0.40 miles away

Nearest train station

3.63 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £285,000

November 13, 2024

Floor Plans

Description

  • Three Bedrooms. +
  • STUNNING Fitted Kitchen / Dining Room +
  • Off Road Parking Available +
  • Spacious Lounge, French Doors Out To The Rear Garden +
  • Renovated Throughout To An Exceptional Standard +
  • Beautiful Family Bath +
  • Landscaped Gardens To The Front +
  • Prime Location - Close To The Promenade +

Following Extensive Renovation Throughout, This Beautifully Presented True Bungalow, Offers Extremely Spacious, Modern & Versatile Living Accommodation! Situated In A Prime Location,  A Short Distance From The Promenade & Cleveleys Town Centre Amenities, To Include Shops, Eateries & Wine Bars, Choice Of Primary & Secondary Schools With Excellent  Transport Links Nearby! Internal Viewing Essential!

Considerable Renovation Works Have Taken Place & Include, NEW Kitchen, NEW Bath & Shower Room,  FULL Rewire, NEW Gas Central Heating System, NEW Carpets & Flooring, With Walls & Ceilings Re Plastered. Gardens Front & Rear Will Be Landscaped Upon Completion.

The entrance porch is generous in size, making it the perfect cloakroom area for coats, bags and shoes. Striking NEW Internal door through to the beautifully presented entrance hallway, this certainly sets the tone of the property and the fine attention to detail is evident in light fittings, wall panelling, deep pile carpet and designer radiator seat. Light Ash design internal doors lead off to the spacious lounge, three bedrooms, family bath and shower room and an inner hall that leads you through to the utility room and kitchen.

The kitchen is a great size and boasts a wide range of wall mounted and base units in matt finish with soft close feature doors and drawers and granite work surfaces that extend to a breakfast / dining bar. Integrated appliances include Quooker and Cube instant hot/cold water system, oven and microwave, wine cooler and dishwasher. Once again the attention to detail can be seen in the marble floor tiles, feature light fittings, skylights and large window that allows for lots of natural light. External door provides side elevation access. A utility sits adjacent with units and work surfaces, plumbing for washing machine.

The lounge is a fantastic size with feature bow window that fills the room with natural light and modern wall panelling and soft deep carpets.

There are two exceptional size double bedrooms offering rear garden views and, one room benefits form built in storage cupboard and the other feature wall panelling. The third bedroom also sits to the rear elevation with UPVC sliding patio doors that open to the rear garden. This room offers a versatile space and could be utilised as a dining room.

The stunning family bath and shower room comprises freestanding designer bath with gold floor standing taps, vanity sink and wc unit with storage under. There is a designer gold flat panel radiator that compliments the gold in the marble wall tiles and window trim. A double shower cubicle sits discreetly into the wall recess maximising space.

Externally this property benefits form gardens to the front and rear elevation, these will be landscaped upon completion with off road parking.

EPC: Pending

Council Tax: Pending

Internal Living Space: 85.3sqm

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 💪