2 Bed Flat, Single Let, Thornton-Cleveleys, FY5 1DQ, £75,000

18a Coronation Road, Thornton Cleveleys, Thornton-Cleveleys, FY5 1DQ - 4 views - 4 months ago

BTL
ROI: 12%
~68 m²

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£91,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£595 - £1,295

Rent Estimate

£603

Running Costs/mo

£375

Cashflow/mo

£228

Cashflow/yr

£2,736

ROI

12%

Gross Yield

10%

Local Sold Prices

27 sold prices from £47K to £206.4K, average is £130K. £922/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£175K12/220.07 miFlat 3, Grosvenor Court, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1TD2
£206.4K09/220.09 mi304, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£195K10/210.09 mi309, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£199.9K06/230.09 mi313, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£179.9K12/220.09 mi207, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£120K03/210.09 mi204, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£135K11/200.09 mi202, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£149K02/210.09 mi109, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£150K02/210.09 mi1, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£130K05/210.09 mi2, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£151K10/200.09 mi103, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£47K07/210.21 mi97f, Beach Road, Thornton-cleveleys, Lancashire FY5 1EW2
£101K04/230.27 mi20, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£97K04/230.27 mi4, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£75K06/210.34 mi44b, Beach Road, Thornton-cleveleys, Lancashire FY5 1EQ2
£120K07/230.37 mi123, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£92K01/210.37 mi102, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£150K11/200.46 mi18, Beechwood Drive, Thornton-cleveleys, Lancashire FY5 5EH2
£175K12/200.73 mi2, East Court, Thornton-cleveleys, Lancashire FY5 1JS2
£109K11/210.77 miFlat 7, Oakleaf Court, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2NX2
£108K12/220.8 mi26, Gorse Avenue, Thornton-cleveleys, Lancashire FY5 2PJ2
£130K10/200.84 miFlat 13, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£130K10/200.84 miFlat 17, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£117.3K11/200.84 miFlat 2, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£126K04/210.84 miFlat 32, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£94K12/200.93 mi17, Pochard Place, Thornton-cleveleys, Lancashire FY5 3FH2
£97K01/230.98 mi84a, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RZ2

Local Rents

21 rents from £595/mo to £1.3K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£72504/240.03 miVictoria Road West, Thornton-Cleveleys, Lancashire, FY52
£1,29504/250.06 mi-2
£1,25003/250.07 mi-2
£60012/240.09 mi-2
£75012/240.1 mi-2
£70004/240.14 mi5 Crescent West, Cleveleys. FY5 1AB2
£71312/240.15 mi-2
£69503/250.16 mi-2
£86504/240.25 mi-2
£86003/250.25 mi-2
£75004/240.27 miPLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys2
£67501/240.28 mi-2
£77503/250.28 mi-2
£85001/250.28 mi-2
£85001/250.28 mi-2
£77502/250.28 mi-2
£67505/240.31 miSt. Davids Court, St. Davids Avenue, Cleveleys2
£62504/240.37 mi-2
£65004/240.37 mi-2
£59502/240.4 mi-2
£67501/250.47 mi-2

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.26 miles away

Nearest school

0.40 miles away

Nearest train station

2.98 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £75,000

December 3, 2024

Description

  • VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE +
  • Spacious Two Bedroom First Floor Flat +
  • Fitted Kitchen & Shower Room +
  • Allocated Parking +
  • No Chain Delay +

Being sold with the added advantage of no onward chain and located within walking
distance to the promenade is this spacious two bedroom first floor duplex apartment.

This property comprises of entrance porch, lounge, kitchen, bathroom and two double bedrooms.

Externally there is parking to the rear.

Lounge 4.80 - 3.09
Bedroom 4.02 - 3.42
Bedroom 3.46 - 3.00
Bathroom 1.88 - 1.74
Kitchen 2.36 - 2.26
To be confirmed information: Term: 999 Years From 2nd January 2002
Current Ground Rent: TBC
Current Service/Maintenance Charges: TBC

Council Tax Information: Band A

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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