2 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 4AW, £57,500

Freckleton Street, Blackpool, FY1 4AW - 9 views - 4 months ago

Under Offer
Refurb/BRRR
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£50K - £215K
Sold Prices/m²£604/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£844/m²

Value Estimate

£60,000

 

 

End Value (After Refurb)

£65,405

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£14,375

Stamp Duty & Legal Fees

£3,000

Refurb Costs

£27,830

Bridging Loan Interest

£1,509

Total Cash In

£48,465

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£65,405

Mortgage (After Refinance)

£49,053

Mortgage LTV

75%

Cash Released

£5,928

Cash Left In

£42,536

Equity

£16,351

Rent Range

£433 - £995

Rent Estimate

£710

Running Costs/mo

£366

Cashflow/mo

£344

Cashflow/yr

£4,123

ROI

9%

Gross Yield

15%

Local Sold Prices

50 sold prices from £50K to £215K, average is £84K. £604/m² to £2.1K/m², average is £979/m².

PriceDateDistanceAddressBeds 
£62.5K12/200.02 mi19, Jameson Street, Blackpool FY1 4AJ2
£51K12/200.03 mi19, Freckleton Street, Blackpool FY1 4AW2
£65K05/230.05 mi52, Ashton Road, Blackpool FY1 4AQ2
£63.5K11/200.05 mi73, Ashton Road, Blackpool FY1 4AG2
£50K01/210.07 mi135, Ashton Road, Blackpool FY1 4AF2
£67.5K06/230.09 mi31, Montrose Avenue, Blackpool FY1 4AS2
£65K07/230.14 mi59, Ribble Road, Blackpool FY1 4AA2
£88K08/210.15 mi68, Lune Grove, Blackpool FY1 5PH2
£54K12/200.16 mi5, Revoe Street, Blackpool FY1 5HN2
£130K10/200.18 mi27, Salisbury Road, Blackpool FY1 5QJ2
£71K06/210.26 mi30a, Kent Road, Blackpool FY1 5HB2
£76.5K08/210.32 mi44, Portland Road, Blackpool FY1 4EF2
£75K12/200.32 mi72, Portland Road, Blackpool FY1 4EF2
£80K06/210.34 mi3, Brecon Close, Blackpool FY1 5AY2
£215K01/230.36 mi1a, Somerset Avenue, Blackpool FY1 5QU2
£50K08/230.37 mi66, Sharow Grove, Blackpool FY1 5ND2
£64K03/210.43 mi21, Henry Street, Blackpool FY1 5JG2
£83K12/220.48 mi16, Lyceum Avenue, Blackpool FY3 9DS2
£94K01/230.48 mi91, Cunliffe Road, Blackpool FY1 6RX2
£93K08/210.49 mi189, Cunliffe Road, Blackpool FY1 6RU2
£97.2K11/200.49 mi244, Cunliffe Road, Blackpool FY1 6RU2
£125K04/210.51 mi3, Newcastle Avenue, Blackpool FY3 9DP2
£123K06/210.51 mi5, Newcastle Avenue, Blackpool FY3 9DP2
£85K08/210.51 mi28, Newcastle Avenue, Blackpool FY3 9DH2
£90K01/210.52 mi76, Cunliffe Road, Blackpool FY1 6RY2
£62K05/230.53 mi88, Newcastle Avenue, Blackpool FY3 9DH2
£73.5K01/210.54 mi9, Moon Avenue, Blackpool FY1 6EH2
£76K12/200.56 mi28, Seymour Road, Blackpool FY1 6JH2
£135K03/230.58 mi17, Stoke Avenue, Blackpool FY1 6QB2
£110K04/210.59 mi28, Lightbown Avenue, Blackpool FY3 9JN2
£104K10/210.59 mi10, Lightbown Avenue, Blackpool FY3 9JN2
£80K05/230.59 mi12, Lightbown Avenue, Blackpool FY3 9JN2
£100K06/210.59 mi8, Lightbown Avenue, Blackpool FY3 9JN2
£60K01/210.59 mi4, Amberbanks Grove, Blackpool FY1 6DW2
£72K05/230.59 mi8, Amberbanks Grove, Blackpool FY1 6DW2
£90K10/210.61 mi27, Beardshaw Avenue, Blackpool FY1 6QA2
£70K08/210.62 mi28, Peter Street, Blackpool FY1 3LU2
£67K01/210.62 mi39, Peter Street, Blackpool FY1 3LU2
£89K05/230.62 mi24, Peter Street, Blackpool FY1 3LU2
£143K10/200.62 mi53, Greenwood Avenue, Blackpool FY1 6RQ2
£86K12/220.63 mi5, Glenwood Street, Blackpool FY3 8BU2
£105K04/210.65 mi31, Lindsay Avenue, Blackpool FY3 9LD2
£133K01/230.65 mi57, Lindsay Avenue, Blackpool FY3 9LD2
£115K06/210.65 mi48, Airedale Avenue, Blackpool FY3 9LH2
£95K05/210.66 mi16, Granville Road, Blackpool FY1 3NP2
£170K12/200.66 mi14, Greenwood Avenue, Blackpool FY1 6RF2
£120K07/210.68 mi89, Dunelt Road, Blackpool FY1 6LT2
£83K02/230.68 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.68 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.68 mi3, Manchester Road, Blackpool FY3 8DN2

Local Rents

53 rents from £433/mo to £995/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£59502/250.02 mi-2
£90004/240.05 miAshton Road,Blackpool,FY12
£67504/240.05 miAnderson Street, Blackpool, FY12
£62504/240.07 miAshton Road, Blackpool2
£62503/250.1 mi-2
£52001/250.12 mi-2
£43304/240.12 mi-2
£70004/240.12 miWestmorland Avenue, Blackpool2
£45004/240.14 miFlat 5, Central Drive, Blackpool, FY1 5JN2
£60004/240.17 mi-2
£68512/240.21 mi-2
£70004/240.22 miBack Palatine Road, Blackpool, FY1 4DA2
£80012/240.22 mi-2
£67004/240.27 miGrasmere Road, Blackpool2
£64903/250.29 mi-2
£62504/240.31 miSomerset Court, Blackpool, Lancashire, FY12
£56304/240.32 miPortland Road, Blackpool, FY1 4EF2
£65004/240.33 mi-2
£67502/250.33 mi-2
£67503/250.33 mi-2
£55005/240.33 miPortland Road, Blackpool2
£85012/240.33 mi-2
£85003/250.33 mi-2
£75004/240.34 miCoop Street, Blackpool, FY1 5AJ2
£85003/250.36 mi-2
£72504/240.36 miReads Avenue, Blackpool, Lancashire, FY12
£60004/240.36 miFlat B,164 Reads Avenue, Blackpool, Lancashire, FY12
£85002/240.37 mi-2
£80004/240.37 mi-2
£80012/240.37 mi-2
£80001/250.37 mi-2
£85003/250.37 mi-2
£99504/240.37 mi-2
£79512/240.38 mi-2
£55005/240.38 mi-2
£55005/240.38 mi-2
£95004/240.4 mi-2
£85004/240.4 mi-2
£60003/250.41 mi-2
£65005/240.41 miCentral Drive, Blackpool2
£70005/240.41 miCentral Drive, Blackpool2
£52005/240.41 mi-2
£52005/240.41 mi-2
£75004/240.41 miHornby Road, Blackpool2
£60010/230.49 miLonsdale Road, Blackpool2
£69505/240.49 mi-2
£69505/240.49 mi-2
£69505/240.49 miWhitegate Drive, Blackpool, FY32
£72504/240.49 miWhitegate Drive, Blackpool, FY32
£72504/240.49 mi-2
£78004/240.49 miCunliffe Road, Blackpool, Lancashire, FY12
£62004/240.49 miAdelaide Street, Blackpool2
£85004/240.51 miWhitegate Drive, Blackpool, Lancashire, FY32

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.43 miles away

Nearest school

0.20 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £57,500

February 12, 2025

Listed for £60,000

November 25, 2024

Floor Plans

Description

  • TWO BEDROOM HOUSE IN NEED OF MODERNISATION THROUGHOUT +
  • Two Reception Rooms, Yard To The Rear +
  • EPC Rating(awaiting results), Council Tax Band A, NO CHAIN +

TWO BEDROOM HOUSE IN NEED OF MODERNISATION THROUGHOUT, Two Reception Rooms, Yard To The Rear, EPC Rating(awaiting results), Council Tax Band A, NO CHAIN

Lounge - 11'8" (3.56m) x 11'4" (3.45m)
Entrance door and double glazed window to the front, radiator, meter cupboard, fireplace, carpet.

Dining Room - 12'2" (3.71m) Max x 11'8" (3.56m) Max
Double glazed window to the rear, radiator, under stairs cupboard, wood laminate flooring.

Kitchen - 10'0" (3.05m) x 7'2" (2.18m)
Double glazed window and door to the side, fitted kitchen with wall and base units with work sruface, cooker, space for white goods, carpet and vinyl.

Landing
Access to first floor rooms and loft, carpet.

Bedroom One - 11'8" (3.56m) x 11'4" (3.45m)
Double glazed window to the front, radiator, carpet.

Bedroom Two - 9'1" (2.77m) x 6'5" (1.96m)
Double glazed window to the rear, radiator, built in cupboard, carpet.

Bathroom - 6'8" (2.03m) x 4'9" (1.45m)
Double glazed window to the rear, radiator, three piece bathroom suite comprising: Panelled bath, low level W.C and pedestal wash hand basin, vinyl flooring.

Rear Garden
Yard to the rear.

Parking
On street permit parking.

what3words /// herb.backs.skills

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Christie King Estate Agents, Blackpool

01253 835352

Next Steps?

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