2 Bed Flat, Single Let, Thornton-Cleveleys, FY5 4HW, £85,000

Kingston Mews, Crabtree Road, Thornton Cleveleys, FY5 4HW - 5 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+1 photos

ValuationUndervalued

Sold Prices£47K - £206.4K
Sold Prices/m²£922/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£103,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£525 - £975

Rent Estimate

£625

Running Costs/mo

£411

Cashflow/mo

£214

Cashflow/yr

£2,573

ROI

10%

Gross Yield

9%

Local Sold Prices

45 sold prices from £47K to £206.4K, average is £104K. £922/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£150K07/210.34 mi10, Tennyson Avenue, Thornton-cleveleys, Lancashire FY5 2ET2
£60K02/210.63 mi18, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£70K01/210.63 mi20, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£87.5K04/230.63 mi18, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£108K12/220.71 mi26, Gorse Avenue, Thornton-cleveleys, Lancashire FY5 2PJ2
£73K12/200.85 mi96, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HP2
£83.5K05/230.88 mi109, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HL2
£94K12/200.92 mi17, Pochard Place, Thornton-cleveleys, Lancashire FY5 3FH2
£105K06/230.99 mi11, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£80K10/200.99 mi17, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£104K07/210.99 mi8, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£85K10/211 mi12, Sanderling Close, Thornton-cleveleys, Lancashire FY5 3FN2
£150K11/201.02 mi18, Beechwood Drive, Thornton-cleveleys, Lancashire FY5 5EH2
£97K01/231.12 mi84a, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RZ2
£109K11/211.13 miFlat 7, Oakleaf Court, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2NX2
£80K02/231.28 mi8, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2
£75K06/211.29 mi44b, Beach Road, Thornton-cleveleys, Lancashire FY5 1EQ2
£95K12/221.38 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£85K06/211.38 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£120K07/231.4 mi123, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£92K01/211.4 mi102, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£175K12/201.43 mi2, East Court, Thornton-cleveleys, Lancashire FY5 1JS2
£47K07/211.45 mi97f, Beach Road, Thornton-cleveleys, Lancashire FY5 1EW2
£101K04/231.45 mi20, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£97K04/231.45 mi4, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£72.5K11/221.45 mi30, Osborne Grove, Thornton-cleveleys, Lancashire FY5 1HP2
£175K12/221.54 miFlat 3, Grosvenor Court, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1TD2
£206.4K09/221.55 mi304, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£195K10/211.55 mi309, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£199.9K06/231.55 mi313, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£179.9K12/221.55 mi207, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£120K03/211.55 mi204, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£135K11/201.55 mi202, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£149K02/211.55 mi109, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£150K02/211.55 mi1, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£130K05/211.55 mi2, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£151K10/201.55 mi103, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£57.5K10/211.67 mi22, Kincraig Place, Blackpool FY2 0NA2
£98K09/221.73 mi35, Tennyson Drive, Bispham, Blackpool FY2 0GH2
£77.5K09/221.79 mi13a, Brook Street, Fleetwood, Lancashire FY7 7PZ2
£130K10/201.91 miFlat 13, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£130K10/201.91 miFlat 17, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£117.3K11/201.91 miFlat 2, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£126K04/211.91 miFlat 32, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£89.5K08/211.93 miFlat 27, Wimbledon Court, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1BE2

Local Rents

27 rents from £525/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£89503/240.05 mi-2
£89502/240.1 mi-2
£65004/240.21 miTrunnah Road, Thornton-Cleveleys, Lancashire, FY52
£65012/240.21 mi-2
£72503/250.22 mi-2
£95005/240.23 miWest Drive, Thornton-Cleveleys2
£75004/240.23 mi-2
£75004/250.23 mi-2
£70001/250.24 mi-2
£85005/240.25 mi-2
£77504/240.26 miLongton Avenue, Thornton-Cleveleys, FY52
£72504/240.27 mi-2
£97504/240.27 mi8 Ruskin Avenue, Thornton-Cleveleys, Lancashire, FY52
£52504/240.29 miButts Road, Thornton-Cleveleys, Lancashire, FY52
£96002/240.33 mi-2
£97510/240.33 mi-2
£67504/240.37 miGrange Avenue, Thornton-Cleveleys2
£65004/240.4 mi-2
£65004/240.4 mi-2
£65004/240.4 miFleetwood Road North, Thornton-Cleveleys, FY52
£85005/240.42 miFleetwood Road North, Thornton-Cleveleys, Lancashire, FY52
£77503/240.44 mi-2
£89504/240.47 miKeepers Hey, Thornton-Cleveleys2
£87504/240.49 miDevonshire Avenue, Thornton-Cleveleys, FY52
£70004/240.5 miLancaster Avenue, FY52
£75003/240.52 mi-2
£69304/240.54 miSandwell Avenue, Thornton-Cleveleys, Lancashire, FY52

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

2.43 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £85,000

January 19, 2025

Listed for £95,000

November 21, 2024

Description

  • VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE +
  • Two Bedroom First Floor Apartment +
  • Fitted Kitchen & Bathroom +
  • Allocated Parking +
  • Popular Location. No Chain Delay +

Being sold with the added advantage of no onward chain is this good size
two bedroom first floor apartment located in this popular location of Thornton Cleveleys.

This property comprises of own entrance, good size lounge, fitted kitchen, fitted bathroom and two bedrooms.

Externally there is an allocated parking space.

Can be sold with the tenant in situ.
Current rent collected is £625pcm.

Please call today to arrange your viewing.
Leasehold information: Ground Rent Payable: Yes
Annual Ground Rent: £25 per annum
Service Charge: £300
Length of the Lease: 999 years
Start Date of the Lease: 01/10/1992
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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