3 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 2TT, £275,000

Church Road, Thornton, FY5 2TT - 4 months ago

Sold STC
Refurb/BRRR
~155 m²
+19 photos

ValuationUndervalued

Sold Prices£75K - £700K
Sold Prices/m²£1K/m² - £3.8K/m²

 

 

Square Metres

~155 m²
Price/m²£1.8K/m²

Value Estimate

£283,250
BMV3%

 

 

End Value (After Refurb)

£337,896

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£62,809

Bridging Loan Interest

£7,219

Total Cash In

£156,728

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£337,896

Mortgage (After Refinance)

£253,422

Mortgage LTV

75%

Cash Released

£47,172

Cash Left In

£109,556

Equity

£84,474

Rent Range

£700 - £1,100

Rent Estimate

£883

Running Costs/mo

£1,253

Cashflow/mo

£-370

Cashflow/yr

£-4,434

Gross Yield

4%

Local Sold Prices

50 sold prices from £75K to £700K, average is £170K. £1K/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£160K04/210.12 mi37, Meadows Avenue, Thornton-cleveleys, Lancashire FY5 2TN3
£380K11/220.13 mi69, Meadows Avenue, Thornton-cleveleys, Lancashire FY5 2TW3
£360K05/230.14 mi11a, Rowland Lane, Thornton-cleveleys, Lancashire FY5 2QX3
£168K12/200.17 mi7, Thornleigh Close, Thornton-cleveleys, Lancashire FY5 2WB3
£110K04/210.17 mi22, Church Road, Thornton-cleveleys, Lancashire FY5 2TX3
£200K03/210.19 mi31, Wordsworth Avenue, Thornton-cleveleys, Lancashire FY5 2SU3
£250K07/210.19 mi21, Wordsworth Avenue, Thornton-cleveleys, Lancashire FY5 2SU3
£370K01/210.2 miThe Hawthorns, Linden Close, Thornton-cleveleys, Lancashire FY5 2RA3
£175K12/200.23 mi18, Wells Close, Thornton-cleveleys, Lancashire FY5 2UX3
£146K03/230.23 mi1, Benenden Place, Thornton-cleveleys, Lancashire FY5 2UF3
£145K07/210.23 mi5, Benenden Place, Thornton-cleveleys, Lancashire FY5 2UF3
£400K09/210.24 miWestoria, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QT3
£295K05/230.25 mi48, Linden Avenue, Thornton-cleveleys, Lancashire FY5 2EY3
£230K01/210.27 mi32, Seniors Drive, Thornton-cleveleys, Lancashire FY5 2RD3
£215K04/230.3 mi27, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW3
£160K03/210.32 mi11, Knowle Avenue, Thornton-cleveleys, Lancashire FY5 3PW3
£229K06/230.32 mi22, Masefield Avenue, Thornton-cleveleys, Lancashire FY5 2ES3
£700K05/230.33 miAshville, Holmefield Avenue, Thornton-cleveleys, Lancashire FY5 2QP3
£120K09/210.33 mi20, Shakespeare Road, Fleetwood, Lancashire FY7 7HG3
£127K06/230.34 mi18, Merlyn Road, Thornton-cleveleys, Lancashire FY5 3AZ3
£254.8K03/230.35 mi132, West Drive, Thornton-cleveleys, Lancashire FY5 2JG3
£142K03/210.35 mi16, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£136K08/210.35 mi25, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£242K12/220.37 mi1, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£205K11/200.37 mi3, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£170K09/210.39 mi4, Cypress Avenue, Thornton-cleveleys, Lancashire FY5 2JA3
£152K01/230.39 mi18, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£134K01/210.39 mi1, Bunting Place, Thornton-cleveleys, Lancashire FY5 3FF3
£170K08/210.41 mi76, Waring Drive, Thornton-cleveleys, Lancashire FY5 2SP3
£455K12/220.41 mi11, The Grove, Thornton-cleveleys, Lancashire FY5 2JD3
£106K04/210.43 mi107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT3
£127K12/200.44 mi160, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3BP3
£168K12/220.44 mi467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR3
£137K03/230.44 mi416, North Drive, Thornton-cleveleys, Blackpool FY5 3AR3
£133.8K06/210.45 mi54, Holmes Road, Thornton-cleveleys, Lancashire FY5 2SG3
£75K02/230.45 mi22, Thorncross, Thornton-cleveleys, Lancashire FY5 3FJ3
£180K08/210.47 mi433, North Drive, Thornton-cleveleys, Blackpool FY5 3AP3
£137K01/210.47 mi24, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BG3
£131K07/210.47 mi25, Sanderling Close, Thornton-cleveleys, Lancashire FY5 3FN3
£217K04/210.48 mi22, Wolsey Close, Thornton-cleveleys, Lancashire FY5 2NZ3
£217K09/210.48 mi70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY3
£192K12/210.48 mi52, Croasdale Drive, Thornton-cleveleys, Lancashire FY5 2AG3
£182K12/210.49 mi1, Mildred Close, Thornton-cleveleys, Lancashire FY5 2RP3
£117K07/230.51 mi380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF3
£181K05/230.52 mi41, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£165K11/210.52 mi26, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£142.5K12/200.52 mi30, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£200K02/230.52 mi8, Stanley Avenue, Thornton-cleveleys, Lancashire FY5 3NQ3
£300.6K07/230.53 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.53 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3

Local Rents

14 rents from £700/mo to £1.1K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£80004/240.4 miElms Avenue, Thornton-Cleveleys3
£82504/240.44 mi-3
£70004/240.47 miVictoria Road West3
£1,10004/240.48 miHeriot Close, Thornton-Cleveleys3
£92704/240.48 miNorth Drive, Cleveleys, FY53
£93204/240.48 mi-3
£97503/250.48 mi-3
£85004/240.51 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£85003/250.54 mi-3
£82504/240.57 miReta Drive, Thornton-Cleveleys3
£97504/240.6 miStockdove Way, Thornton-Cleveleys3
£87504/240.62 miMayfield Avenue, THORNTON CLEVELEYS3
£87504/240.62 miMayfield Avenue, THORNTON CLEVELEYS3
£85004/240.62 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.33 miles away

Nearest school

0.20 miles away

Nearest train station

2.33 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £275,000

January 31, 2025

Listed for £285,000

November 25, 2024

Floor Plans

Description

Requiring modernisation but well presented throughout three bedroom detached dormer bungalow situated on Church Road in Thornton. The property is ideally located in a sought after area and offers immense potential to create a spacious dream home in an enviable location. The property offers two large reception areas, beautifully maintained gardens to the front and rear, driveway with 30ft garage. Accommodation briefly comprises; vestibule, hallway, lounge sitting/dining room, kitchen, ground floor master bedroom, modern shower room suite, to the first floor there are a further two double bedrooms and separate WC, double entrance driveway providing off road parking, 30ft garage with further storage area, and beautifully maintained gardens to the front and rear. No Chain
ENTRANCE VESTIBULE

HALLWAY
Stairs leading to first floor, radiator.

LOUNGE
19'10 x 13'11 (6.04m x 4.23m)
Two large UPVC double glazed windows to the front aspect, radiator.

SITTING/DINING ROOM
19'7 x 11'6 (5.97m x 3.51m)
UPVC double glazed window to the front aspect, UPVC double glazed windows to both side aspects, gas fire, radiator.

KITCHEN
15'1 x 9'0 (4.61m x 2.73m)
Fitted with a matching range of base and wall units, integrated fridge/freezer, microwave, oven with four ring induction hob, sink with drainer, plumbing for dishwasher, UPVC double glazed window to the rear aspect, door providing access to the garage, radiator.

BEDROOM ONE
14'11 x 10'8 (4.55m x 3.26m)
UPVC double glazed window to the rear aspect, fitted wardrobes, radiator.

SHOWER ROOM
8'1 x 5'10 (2.47m x 1.77m)
Tiled modern three piece suite comprising large shower cubicle, vanity hand wash basin, low flush WC, heated towel rail. UPVC double glazed opaque window to the rear aspect.

FIRST FLOOR

LANDING

Eaves storage, sky light window.

BEDROOM TWO
13'5 x 11'7 (4.09m x 3.53m)
Double glazed window to the side aspect, eaves storage, radiator.

BEDROOM THREE
12'9 x 9'2 (3.89m x 2.79m)
Double glazed window to the side aspect, storage cupboard, radiator.

WC
5'10 x 3'11 (1.77m x 1.20m)
Low flush WC, pedestal hand wash basin.

EXTERNAL

FRONT
Mainly laid to lawn with a range of mature shrubs/plants. Driveway providing off street parking leading to the garage, gate leading to the rear garden.

GARAGE
29'7 x 8'9 (9.01m x 2.66m)
Electric roller door, light and power connected, plumbing for washing machine and dryer. Door providing access to rear garden.

REAR GARDEN
Enclosed rear garden mainly laid to lawn with a mature rang of shrubs/plants, paved patio area and side access, shed,

COUNCIL TAX BAND E

TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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