2 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 0DT, £170,000

Briarwood Drive, Bispham, Blackpool, FY2 0DT - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£85K - £305K
Sold Prices/m²£1.1K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£128,406

 

 

End Value (After Refurb)

£137,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£27,830

Bridging Loan Interest

£4,463

Total Cash In

£82,843

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£137,000

Mortgage (After Refinance)

£102,750

Mortgage LTV

75%

Cash Left In

£82,843

Equity

£34,250

Rent Range

£530 - £950

Rent Estimate

£693

Running Costs/mo

£587

Cashflow/mo

£106

Cashflow/yr

£1,275

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £85K to £305K, average is £131K. £1.1K/m² to £3.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£105.5K02/210.07 mi10, Glendale Close, Blackpool FY2 0BS2
£110K01/210.07 mi17, Glendale Close, Blackpool FY2 0BS2
£102K07/230.09 mi10, Lothian Place, Bispham, Blackpool FY2 0EZ2
£120K06/230.15 mi2, Upwood Close, Bispham, Blackpool FY2 0EX2
£112.5K11/200.19 mi42, Longford Avenue, Blackpool FY2 0BN2
£100K06/210.21 mi14, Epping Close, Bispham, Blackpool FY2 0BL2
£125K11/200.23 mi2, Highcroft Avenue, Bispham, Blackpool FY2 0BJ2
£100K07/230.23 mi28, Portree Road, Bispham, Blackpool FY2 0DG2
£90K12/220.29 miLowentre, 26, Beattock Place, Blackpool FY2 0EH2
£115K08/210.3 mi82, Ashfield Road, Blackpool FY2 0DJ2
£85K11/210.3 mi20, Ashfield Road, Blackpool FY2 0DJ2
£98K07/230.3 mi26, Ashfield Road, Bispham, Blackpool FY2 0DJ2
£175K06/230.32 mi129, Ashfield Road, Bispham, Blackpool FY2 0BU2
£195K12/220.33 mi1, Fairfax Avenue, Bispham, Blackpool FY2 0BY2
£118K05/210.35 mi5, Silverdale, Bispham, Blackpool FY2 0DE2
£230K01/230.38 mi5, Portway, Bispham, Blackpool FY2 0DF2
£177.5K12/220.38 mi12, Fairfax Avenue, Bispham, Blackpool FY2 0DA2
£219.9K11/210.39 mi39, Glenfield Avenue, Blackpool FY2 0DB2
£158K06/230.39 mi28, Fairfax Avenue, Bispham, Blackpool FY2 0DA2
£220K01/230.42 mi18, All Saints Road, Thornton-cleveleys, Blackpool FY5 3AL2
£139.3K06/210.45 mi3, Codale Avenue, Blackpool FY2 0BA2
£115K04/210.45 mi7, Codale Avenue, Bispham, Blackpool FY2 0BA2
£114K06/230.47 mi12, Blackpool Road, Bispham, Blackpool FY2 0HR2
£115K06/230.47 mi6, Blackpool Road, Bispham, Blackpool FY2 0HR2
£107K11/200.47 mi42, Blackpool Road, Blackpool FY2 0HT2
£255K09/210.54 mi6, Village Way, Bispham, Blackpool FY2 0AH2
£129.9K11/220.54 mi5, Honeysuckle Place, Bispham, Blackpool FY2 0PH2
£120K08/210.55 mi6, Chive Close, Blackpool FY2 0WF2
£118K02/230.56 mi33, Coriander Close, Blackpool FY2 0WE2
£123K03/230.56 mi24, Coriander Close, Blackpool FY2 0WE2
£132K05/210.58 mi99, Bispham Road, Poulton-le-fylde, Lancashire FY6 7PL2
£258K06/230.59 mi35, Shirley Crescent, Bispham, Blackpool FY2 0AA2
£105K11/200.6 mi34, Toronto Avenue, Blackpool FY2 0PB2
£250K06/220.62 mi592, Devonshire Road, Bispham, Blackpool FY2 0JU2
£160K10/230.62 mi16, Wendover Road, Poulton-le-fylde, Lancashire FY6 7PT2
£255K01/230.63 mi48, Winslow Avenue, Poulton-le-fylde, Lancashire FY6 7PQ2
£219K12/220.64 mi65, Guildford Avenue, Blackpool FY2 0AB2
£180K12/200.64 mi54, Guildford Avenue, Blackpool FY2 0AB2
£250K04/230.65 mi546, Devonshire Road, Bispham, Blackpool FY2 0JT2
£122.5K08/230.65 mi24, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£150K02/230.65 mi44, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£181K05/210.66 mi3, Winchester Drive, Poulton-le-fylde, Lancashire FY6 7PS2
£115K02/230.66 mi58, Winchester Drive, Poulton-le-fylde, Lancashire FY6 7PS2
£151.5K04/230.66 mi20, Parkstone Avenue, Poulton-le-fylde, Lancashire FY6 7PF2
£175K03/210.67 mi16, Boston Avenue, Blackpool FY2 9BZ2
£220K12/220.67 mi16, Boston Avenue, Blackpool FY2 9BZ2
£135K07/230.68 mi14, Elmridge Crescent, Blackpool FY2 0NQ2
£180K07/220.69 mi16, Landseer Avenue, Bispham, Blackpool FY2 9EF2
£305K10/220.7 mi683, Devonshire Road, Blackpool FY2 0AE2
£105K02/210.7 mi54, Bryning Avenue, Blackpool FY2 9LZ2

Local Rents

51 rents from £530/mo to £950/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£82503/250.31 mi-2
£59504/240.34 miKincraig Place, Thornton-Cleveleys, Lancashire, FY22
£69501/250.44 mi-2
£90004/240.45 mi-2
£85004/240.45 mi-2
£72504/240.56 miCoriander Close, Blackpool, Lancashire, FY22
£69504/240.61 miMunster Avenue, Blackpool, FY2 0HG2
£82512/240.69 mi-2
£82504/240.69 miKelvin Road, Thornton-Cleveleys, FY52
£65004/240.69 mi-2
£70004/240.8 miArdmore Road, Blackpool, Lancashire, FY22
£62504/240.81 miSandhurst Avenue, FY22
£65004/240.81 miSandhurst Avenue, Blackpool, Lancashire, FY22
£75004/240.9 mi4 Haddon Road, Blackpool, Blackpool2
£75004/240.9 mi4 Haddon Road, Blackpool, Blackpool2
£53004/240.9 miHaddon Road, Blackpool, Lancashire, FY22
£87504/240.9 miThirlmere Avenue, Poulton-Le-Fylde, Lancashire, FY62
£95012/240.91 miMaycroft Avenue, Poulton-Le-Fylde, Lancashire, FY62
£59504/240.93 miChatsworth Avenue, FY22
£70004/241 mi-2
£75005/241.01 miHurstwood Drive, Bispham, FY2 0WU2
£57504/241.02 miRed Bank Road, Blackpool, FY22
£60004/241.02 miHolyoake Avenue, Blackpool, Lancashire, FY22
£77505/241.03 miSeabrook Drive, Thornton Cleveleys2
£75012/241.06 miCompton Close, Poulton-Le-Fylde, Lancashire, FY62
£60004/241.08 miParbold Close, Mowbray Drive2
£79504/241.1 miFalcon Drive, Poulton-Le-Fylde, Lancashire, FY62
£67504/241.12 miCavendish Road, Bispham, Blackpool2
£75004/241.13 miEastpines Drive, Thornton-Cleveleys, FY5 3RY2
£77504/241.14 miQueens Promenade, Blackpool2
£60004/241.14 miChelsea Avenue, Blackpool2
£60004/241.14 miChelsea Avenue, Blackpool2
£57504/241.14 miChelsea Avenue, Blackpool2
£79504/241.15 mi162 Queens Promenade, Bispham, Blackpool2
£69504/241.15 miQueens Promenade, Blackpool, Lancashire, FY22
£65004/251.16 mi-2
£60012/231.16 mi-2
£65003/251.17 mi-2
£58505/241.19 mi-2
£58505/241.19 mi-2
£58506/241.19 mi-2
£54202/241.19 mi-2
£58505/241.19 miBispham Road, Blackpool, FY22
£58505/241.19 miBispham Road, Blackpool, FY22
£58506/241.19 miBispham Road, Blackpool, FY22
£62511/231.19 mi-2
£69505/241.19 mi-2
£69504/241.19 miPembroke Court, Blackpool, FY22
£75004/251.2 mi-2
£75005/241.2 miAdmiral View, Bispham, Blackpool, FY22
£75001/251.2 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.57 miles away

Nearest school

0.30 miles away

Nearest train station

1.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £170,000

November 25, 2024

Floor Plans

Description

  • Semi Detached Property Set On A Large Plot +
  • Great Sized Accommodation Offering Huge Potential +
  • Three Reception Rooms, Good Size Kitchen Diner/Utility +
  • Two Bedrooms, Large Bathroom, Spacious Dressing Room +
  • Ample Off Road Parking To The Front +
  • Very Large Enclosed Garden To The Rear +
  • Viewing A Must To See The Full Potential +

An fantastic opportunity to purchase an extended double fronted semi-detached property, set on a huge plot, boasting a wealth of spacious and flexible accommodation. The property does require updating/modernisation works but offers endless potential to make in to a dream forever home.

On entry to the ground floor there is and entrance porch, hall, lounge, open plan family room, dining room and a good size kitchen diner and utility room.

To the first has a huge amount of scope to change layout, it currently houses two double bedrooms, a large dressing room with access to a rooftop balcony, along with a large family bathroom and wc room.

Externally the property is set on a great sized plot with ample off road parking to the front with a very large enclosed garden to the rear that offers masses of potential.

Viewing of this property is highly recommended to fully appreciate the full size and potential on offer.

Situated in a popular residential area of Bispham within a short walk to the village that offers a broad range of shop and amenities. Also ideally placed for access to local schools, Blackpool & Fylde College, Moor Park Health Centre and a range of bus routes.

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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