3 Bed Terraced House, Refurb/BRRR, Blackpool, FY4 1LL, £124,950

75 Horncliffe Road, Blackpool, FY4 1LL - 4 views - 4 months ago

Refurb/BRRR

ROI: 6%

84 m²

+3 photos

ValuationFair Value

Sold Prices	£82.5K - £265K
Sold Prices/m²	£730/m² - £2.1K/m²

Square Metres	84 m²
Price/m²	£1.5K/m²
Value Estimate	£124,854£124,854

End Value (After Refurb)	£108,960£108,960

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£31,238£31,238
Stamp Duty & Legal Fees	£4,949£4,949
Refurb Costs	£34,387£34,387
Bridging Loan Interest	£3,280£3,280
Total Cash In	£75,603£75,603

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£108,960£108,960
Mortgage (After Refinance)	£81,720£81,720
Mortgage LTV	75%75%
Cash Left In	£75,603£75,603
Equity	£27,240£27,240
Rent Range	£750 - £1,250£750 - £1,250
Rent Estimate	£952
Running Costs/mo	£551£551
Cashflow/mo	£401£401
Cashflow/yr	£4,813£4,813
ROI	6%6%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £82.5K to £265K, average is £155K. £730/m² to £2.1K/m², average is £1.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£148K	05/23	0.03 mi	11, Ventnor Road, Blackpool FY4 1LE	£1,510	98	3	Terraced House
£117K	10/20	0.04 mi	10, Eastbourne Road, Blackpool FY4 1LG	£1,463	80	3	Semi-Detached House
£185K	09/21	0.06 mi	2, Wycombe Avenue, Blackpool FY4 1LU	£1,947	95	3	Semi-Detached House
£122K	06/21	0.06 mi	7, Wycombe Avenue, Blackpool FY4 1LU	-	-	3	Terraced House
£138K	11/21	0.07 mi	31, Eastbourne Road, Blackpool FY4 1LQ	£1,314	105	3	Terraced House
£112K	12/20	0.08 mi	24, Babbacombe Avenue, Blackpool FY4 1LX	£1,514	74	3	Semi-Detached House
£128K	11/20	0.08 mi	2, Napier Avenue, Blackpool FY4 1PA	£1,280	100	3	Semi-Detached House
£177.5K	12/23	0.12 mi	8, Swanage Avenue, Blackpool FY4 1LS	£1,909	93	3	Semi-Detached House
£129.9K	12/20	0.12 mi	20, Horncliffe Road, Blackpool FY4 1LN	£730	178	3	Semi-Detached House
£150K	08/21	0.13 mi	88, Burlington Road, Blackpool FY4 1JR	£1,184	127	3	Terraced House
£102K	12/20	0.14 mi	16, Ventnor Road, Blackpool FY4 1JN	-	-	3	Semi-Detached House
£160K	06/23	0.14 mi	20, Ventnor Road, Blackpool FY4 1JN	-	-	3	Semi-Detached House
£162K	10/21	0.14 mi	42, Bournemouth Road, Blackpool FY4 1LP	-	-	3	Semi-Detached House
£133K	09/21	0.16 mi	33, Bournemouth Road, Blackpool FY4 1LP	-	-	3	Semi-Detached House
£187.5K	11/20	0.16 mi	15, Bournemouth Road, Blackpool FY4 1LP	£1,902	99	3	Detached House
£180K	09/21	0.18 mi	24, Clifton Drive, Blackpool FY4 1NX	-	-	3	Detached House
£180K	06/23	0.18 mi	28, Clifton Drive, Blackpool FY4 1NX	-	-	3	Detached House
£185K	04/23	0.21 mi	11a, Woodstock Gardens, Blackpool FY4 1JW	-	-	3	Semi-Detached House
£122K	12/20	0.22 mi	19, Sandhills Avenue, Blackpool FY4 1QQ	£1,718	71	3	Semi-Detached House
£145K	12/20	0.22 mi	32, Sandhills Avenue, Blackpool FY4 1QQ	£1,543	94	3	Semi-Detached House
£171K	06/23	0.22 mi	4, Sandhills Avenue, Blackpool FY4 1QQ	-	-	3	Terraced House
£135K	03/23	0.22 mi	74, Woodstock Gardens, Blackpool FY4 1JP	£1,344	100	3	Terraced House
£82.5K	12/21	0.25 mi	9, The Crescent, Blackpool FY4 1EQ	£750	110	3	Terraced House
£150K	01/21	0.25 mi	2a, The Crescent, Blackpool FY4 1EQ	-	-	3	Semi-Detached House
£125K	10/21	0.26 mi	18, Seabourne Avenue, Blackpool FY4 1EH	£1,147	109	3	Terraced House
£231K	03/21	0.28 mi	1, Stony Hill Avenue, Blackpool FY4 1PR	£2,139	108	3	Detached House
£170K	05/23	0.28 mi	32, Harrington Avenue, Blackpool FY4 1QE	£1,977	86	3	Semi-Detached House
£160K	11/20	0.29 mi	23, Wetherby Avenue, Blackpool FY4 1PZ	£1,798	89	3	Semi-Detached House
£169.9K	04/21	0.29 mi	15, Wetherby Avenue, Blackpool FY4 1PZ	£1,717	99	3	Semi-Detached House
£200K	09/21	0.31 mi	56, St Lukes Road, Blackpool FY4 2EJ	-	-	3	Semi-Detached House
£187K	01/23	0.31 mi	23, Arlington Avenue, Blackpool FY4 1EL	£1,908	98	3	Semi-Detached House
£172.5K	01/24	0.31 mi	15, Arlington Avenue, Blackpool FY4 1EL	£1,747	99	3	Semi-Detached House
£115K	12/20	0.32 mi	34, Mayfield Avenue, Blackpool FY4 2NT	£1,173	98	3	Terraced House
£109K	12/20	0.32 mi	32, Mayfield Avenue, Blackpool FY4 2NT	£1,603	68	3	Terraced House
£150K	11/20	0.34 mi	26, Watson Road, Blackpool FY4 1EG	£932	161	3	Semi-Detached House
£150K	10/20	0.34 mi	44, St Lukes Road, Blackpool FY4 2EJ	£1,456	103	3	Semi-Detached House
£214.9K	12/21	0.35 mi	41, St Lukes Road, Blackpool FY4 2EL	-	-	3	Semi-Detached House
£170K	11/20	0.35 mi	61, St Lukes Road, Blackpool FY4 2EL	£1,809	94	3	Semi-Detached House
£144.9K	05/21	0.35 mi	57, St Lukes Road, Blackpool FY4 2EL	-	-	3	Semi-Detached House
£185K	10/21	0.35 mi	7, St Lukes Road, Blackpool FY4 2EL	£1,609	115	3	Semi-Detached House
£127.5K	12/20	0.36 mi	48, Orchard Avenue, Blackpool FY4 2NX	£1,433	89	3	Terraced House
£186K	08/21	0.37 mi	19, Raleigh Avenue, Blackpool FY4 1SG	-	-	3	Semi-Detached House
£137.5K	11/22	0.37 mi	6, Severn Road, Blackpool FY4 1EE	-	-	3	Detached House
£173K	12/20	0.38 mi	12, Walpole Avenue, Blackpool FY4 1SF	-	-	3	Detached House
£139K	07/21	0.38 mi	9, Kingsway, Blackpool FY4 2DF	£1,299	107	3	Semi-Detached House
£163.6K	11/22	0.38 mi	52, St Martins Road, Blackpool FY4 2DY	-	-	3	Terraced House
£232K	11/20	0.39 mi	18, Walpole Avenue, Blackpool FY4 1SF	£1,303	178	3	Detached House
£134K	08/21	0.39 mi	14, Summerville, Blackpool FY4 2JT	-	-	3	Semi-Detached House
£265K	11/21	0.39 mi	29, Bentinck Avenue, Blackpool FY4 1SB	-	-	3	Semi-Detached House
£240K	11/20	0.39 mi	6, Bentinck Avenue, Blackpool FY4 1SB	£1,832	131	3	Detached House

Local Rents

12 rents from £750/mo to £1.3K/mo, average is £948/mo.

Rent	Date	Distance	Address	Beds	Type
£1,000	04/24	0.19 mi	Harrowside, Blackpool, Lancashire, FY4	3	Terraced House
£750	04/24	0.29 mi	Jesmond Avenue, Blackpool, FY4 1EJ	3	Flat
£750	04/24	0.42 mi	Queensway, Blackpool	3	Detached House
£1,190	04/24	0.48 mi	-	3	Semi-Detached House
£1,250	04/24	0.48 mi	Rosemary Avenue, Blackpool, FY4	3	Detached House
£1,250	04/24	0.48 mi	St. Lukes Road, Blackpool	3	House
£750	05/24	0.48 mi	Rangeway Avenue, Blackpool	3	Semi-Detached House
£800	04/24	0.49 mi	-	3	Flat
£995	04/24	0.55 mi	-	3	Flat
£995	04/24	0.55 mi	-	3	Flat
£795	04/24	0.57 mi	33 Kingston Avenue	3	Flat
£900	05/24	0.57 mi	Gildabrook Road, Blackpool	3	Semi-Detached House

Local Area Statistics

Population in FY4	43,98243,982
Population in Blackpool	133,713133,713
Town centre distance	2.72 miles away2.72 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+58%+58%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £124,950

November 28, 2024

Sold for £96,750

2007

Floor Plans

Description

Gas central heating +
Double glazing +
Two reception rooms +
Open plan kitchen +
Convenient location +
Schools nearby +
Located close to local amenities +
Priced to sell +
Ideal BTL investment +
Requires modernisation +

This pleasantly located three bedroom mid garden terrace house offers spacious and family sized living accommodation with two reception rooms, open plan kitchen, three bedrooms and a family bathroom. The home is warmed by gas central heating and double glazing. To the exterior are gardens to the front and rear with an option to buy a garage. Currently tenanted for ten years, the property can be sold with tenants in situ for an investment or without. Requires some improvement.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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