3 Bed Terraced House, Cash/Bridging Only, Blackpool, FY1 6LL, £110,000

Lunedale Avenue, Blackpool, Lancashire, FY1 6LL - 4 months ago

Auction
Cash
ROI: 6%
~85 m²
+10 photos

ValuationOvervalued

Sold Prices£55K - £163K
Sold Prices/m²£611/m² - £1.9K/m²

 

 

Square Metres

~84.60 m²
Price/m²£1.3K/m²

Value Estimate

£101,211

 

 

End Value (After Refurb)

£106,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£34,568

Bridging Loan Interest

£2,888

Total Cash In

£73,405

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£106,250

Mortgage (After Refinance)

£79,688

Mortgage LTV

75%

Cash Left In

£73,405

Equity

£26,563

Rent Range

£575 - £1,733

Rent Estimate

£912

Running Costs/mo

£534

Cashflow/mo

£378

Cashflow/yr

£4,531

ROI

6%

Gross Yield

10%

Local Sold Prices

50 sold prices from £55K to £163K, average is £107.5K. £611/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£120K12/200.04 mi29, Lunedale Avenue, Blackpool FY1 6LL3
£150K09/210.04 mi6, Lunedale Avenue, Blackpool FY1 6LL3
£100K03/230.04 mi30, Lunedale Avenue, Blackpool FY1 6LL3
£149K02/210.06 mi469, Central Drive, Blackpool FY1 6LB3
£90K11/200.08 mi4, Eaton Avenue, Blackpool FY1 6LG3
£155K02/210.1 mi255, Waterloo Road, Blackpool FY4 3AA3
£121K11/210.1 mi78, Dunelt Road, Blackpool FY1 6LT3
£155K11/200.11 mi350, Central Drive, Blackpool FY1 6LF3
£163K11/200.11 mi13, Hall Avenue, Blackpool FY4 3AQ3
£123.5K04/210.13 mi4, Harlech Avenue, Blackpool FY1 6ND3
£104.5K11/210.13 mi47, Shetland Road, Blackpool FY1 6LW3
£88K10/200.13 mi51, Shetland Road, Blackpool FY1 6LW3
£120K05/210.13 mi44, Shetland Road, Blackpool FY1 6LW3
£103K02/230.13 mi35, Shetland Road, Blackpool FY1 6LW3
£95K11/200.13 mi41, Shetland Road, Blackpool FY1 6LW3
£117.5K03/230.13 mi32, Shetland Road, Blackpool FY1 6LW3
£150K12/220.13 mi46, Shetland Road, Blackpool FY1 6LW3
£111K11/200.16 mi47, Westfield Road, Blackpool FY1 6NU3
£118K04/230.16 mi17, Westfield Road, Blackpool FY1 6NU3
£155K10/210.17 mi12, Winchester Avenue, Blackpool FY4 3AJ3
£133K11/200.18 mi50, Chislehurst Avenue, Blackpool FY4 3AR3
£97.5K12/200.19 mi20, Dunelt Road, Blackpool FY1 6LS3
£135K06/230.19 mi44, Dunelt Road, Blackpool FY1 6LS3
£82.5K11/210.19 mi9, Exeter Street, Blackpool FY4 3BN3
£83K08/210.19 mi11, Hudson Road, Blackpool FY1 6LY3
£85K11/200.19 mi38, Hudson Road, Blackpool FY1 6LY3
£120K09/210.19 mi1, Hudson Road, Blackpool FY1 6LY3
£97.5K09/210.19 mi7, Maudland Road, Blackpool FY1 6JQ3
£137K02/210.2 mi12, Lightwood Avenue, Blackpool FY4 2AU3
£137K11/200.2 mi4, Scudamore Crescent, Blackpool FY4 3AT3
£122K10/210.2 mi9, Falmouth Road, Blackpool FY1 6LH3
£97.5K03/210.21 mi18, Shetland Road, Blackpool FY1 6LP3
£105K01/230.21 mi11, Shetland Road, Blackpool FY1 6LP3
£80K11/200.21 mi63, Westfield Road, Blackpool FY1 6NX3
£55K02/210.21 mi70, Westfield Road, Blackpool FY1 6NX3
£110K02/230.21 mi5, Shetland Road, Blackpool FY1 6LP3
£60K06/210.22 mi81, Aintree Road, Blackpool FY4 3BD3
£85K11/210.22 mi78, Ansdell Road, Blackpool FY1 6PZ3
£70K12/200.22 mi76, St Annes Road, Blackpool FY4 2AS3
£110K01/210.22 mi48, St Annes Road, Blackpool FY4 2AS3
£98.5K07/210.23 mi21, Saville Road, Blackpool FY1 6JP3
£135K11/200.23 mi303, Waterloo Road, Blackpool FY4 3AF3
£146K08/210.25 mi24, Durley Road, Blackpool FY1 6LX3
£95K01/210.25 mi10, Durley Road, Blackpool FY1 6LX3
£95K02/210.25 mi17, Nuttall Road, Blackpool FY1 6NT3
£72.5K03/210.27 mi31, Lyndhurst Avenue, Blackpool FY4 3AX3
£103K03/230.27 mi110, Ansdell Road, Blackpool FY1 6PZ3
£72.5K11/210.28 mi19, Wolsley Road, Blackpool FY1 6HG3
£110K06/230.28 mi6, Wolsley Road, Blackpool FY1 6HG3
£77.5K12/200.28 mi20, Hilton Avenue, Blackpool FY1 6HF3

Local Rents

42 rents from £575/mo to £1.7K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£89502/250.11 mi-3
£1,20012/240.11 mi-3
£95002/250.11 mi-3
£1,25004/240.2 miHudson Road, Blackpool, FY13
£1,25004/240.2 mi-3
£57501/240.22 mi-3
£85003/250.24 mi-3
£75001/250.24 mi-3
£1,10003/250.24 mi-3
£95004/240.28 miHarris Avenue, FY1 6NJ3
£78004/240.29 mi-3
£1,00012/240.31 mi-3
£87011/240.31 mi-3
£72504/240.32 miAnsdell Road, Blackpool3
£65011/240.34 mi-3
£95005/240.35 mi-3
£95005/240.35 miHaig Road, Blackpool, FY13
£79504/240.36 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£90001/250.39 mi-3
£65005/240.4 miShaw Road, Blackpool3
£77504/240.42 miMarsden Road, Blackpool3
£82504/240.42 miBoardman Avenue, Blackpool, FY1 6QE3
£75005/240.43 mi-3
£75005/240.44 miHarcourt Road, Blackpool, FY4 3HW3
£82503/250.44 mi-3
£90002/250.45 mi-3
£70012/240.46 mi-3
£1,10004/240.47 mi92 Grasmere Road3
£1,73302/250.47 mi-3
£1,10005/240.47 mi-3
£77505/240.49 miPowell Avenue, Blackpool, FY4 3HQ3
£80005/240.51 miCunliffe Road, Great Marton, Blackpool, FY13
£82504/240.52 miWyre Grove, Blackpool3
£99504/240.52 mi-3
£99504/240.52 mi-3
£95001/250.52 mi-3
£1,50003/250.53 mi-3
£75004/240.54 miCunliffe Road, Blackpool, FY1 6SD3
£69505/240.56 mi21 Crossland Road3
£87505/240.57 mi-3
£87503/250.57 mi-3
£75005/240.62 miRangeway Avenue, Blackpool3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.76 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £110,000

February 28, 2025

Listed for £100,000

December 5, 2024

Floor Plans

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Mid Terraced House +
  • 2 Reception Rooms +
  • 4 Piece Bathroom +
  • Gas Central Heating, uPVC Double Glazing +
  • Convenient Location +
  • CASH BUYERS ONLY +

This 3 bedroom mid-terraced property is located in a sought-after residential area, offering comfortable living space and a convenient location. With its charming exterior and desirable features, this mid-terraced house is sure to appeal to a range of buyers.

Entering the property, you are greeted by an inviting entrance hall leading to two spacious reception rooms, providing ample space for family living and entertaining guests. The conservatory, located at the rear of the property, offers additional living space and boasts stunning views of the well-maintained garden, allowing natural light to flood through the space. The fitted kitchen, complete with fixtures and fittings, provides a functional and stylish space for culinary enthusiasts.

The first floor of the property accommodates three well-proportioned bedrooms, each thoughtfully designed with comfort in mind. The four-piece bathroom, equipped with a bath, shower, toilet, and sink, offers a luxurious space to unwind and relax after a long day. The property benefits from gas central heating and uPVC double glazing throughout, ensuring warmth and energy efficiency all year round.

To the outside, the open front garden area is laid with block paving, providing the potential for off-road parking. At the rear, you will find an impressive approximately 60-foot enclosed east-facing garden. Boasting a laid-to-lawn area and a paved section, this beautiful garden is perfect for outdoor activities and entertaining. The panelled fencing ensures privacy and security, while the gated access allows for easy entry and exit.

Conveniently situated, this property benefits from a prime location, with easy access to local amenities, reputable schools, and excellent transport links. Whether you are seeking a family home or an investment opportunity, this property offers both comfort and convenience. Viewing is highly recommended to fully appreciate the charm and potential this property has to offer.

We have been advised the property is suitable for cash buyers only due to the chimney breast being removed from inside the property.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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