3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 0JR, £130,000

312D Devonshire Road, Blackpool, FY2 0JR - 4 views - 4 months ago

Auction
Refurb/BRRR
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£90K - £300K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£142,137

 

 

End Value (After Refurb)

£144,527

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£38,000

Bridging Loan Interest

£3,413

Total Cash In

£81,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,527

Mortgage (After Refinance)

£108,395

Mortgage LTV

75%

Cash Released

£10,895

Cash Left In

£70,317

Equity

£36,132

Rent Range

£725 - £1,250

Rent Estimate

£956

Running Costs/mo

£663

Cashflow/mo

£293

Cashflow/yr

£3,518

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £90K to £300K, average is £133.8K. £1K/m² to £4.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£155K12/220.05 mi121, Inver Road, Bispham, Blackpool FY2 0LW3
£152K01/230.07 mi2, Galway Avenue, Bispham, Blackpool FY2 0LN3
£95K08/210.09 mi33, Rockingham Road, Bispham, Blackpool FY2 0LP3
£136K11/200.12 mi31, Galway Avenue, Blackpool FY2 0LQ3
£120K12/200.13 mi33, Kildare Road, Blackpool FY2 0LR3
£160K11/200.15 mi105, Northgate, Bispham, Blackpool FY2 9LT3
£144K04/210.16 mi240, Bispham Road, Blackpool FY2 0LS3
£141K10/210.18 mi164, Inver Road, Blackpool FY2 0RQ3
£115K03/210.18 mi89, Inver Road, Blackpool FY2 0RQ3
£139.3K01/230.18 mi130, Inver Road, Blackpool FY2 0RQ3
£105K01/210.19 mi51, Fitzroy Road, Blackpool FY2 0RJ3
£115K10/200.19 mi47, Fitzroy Road, Blackpool FY2 0RJ3
£117K06/230.19 mi77, Limerick Road, Blackpool FY2 0LJ3
£118.5K04/210.19 mi23, Limerick Road, Blackpool FY2 0LJ3
£132.5K12/200.2 mi6, Bethel Avenue, Blackpool FY2 9NA3
£124K03/210.2 mi9, Bethel Avenue, Blackpool FY2 9NA3
£135K05/210.2 mi4, Bethel Avenue, Blackpool FY2 9NA3
£90K10/200.2 mi10, Limerick Road, Blackpool FY2 0LH3
£95K04/230.2 mi68, Limerick Road, Blackpool FY2 0LH3
£123.5K06/230.2 mi72, Limerick Road, Blackpool FY2 0LH3
£114.5K05/210.21 mi36, Limerick Road, Blackpool FY2 0LH3
£140K01/230.21 mi31, Valentia Road, Blackpool FY2 0RN3
£131K03/210.21 mi47, Valentia Road, Blackpool FY2 0RN3
£131.5K01/210.21 mi53, Valentia Road, Blackpool FY2 0RN3
£150.1K05/210.22 mi44, Valentia Road, Blackpool FY2 0RW3
£184.9K03/230.22 mi44, Valentia Road, Blackpool FY2 0RW3
£110K07/210.23 mi66, Bryning Avenue, Bispham, Blackpool FY2 9LZ3
£109K02/230.25 mi18, Moor Park Avenue, Blackpool FY2 0LT3
£147.9K02/230.27 mi36, Quebec Avenue, Blackpool FY2 0NU3
£124K03/230.27 mi30, Quebec Avenue, Blackpool FY2 0NU3
£115K01/210.27 mi55, Sunny Bank Avenue, Bispham, Blackpool FY2 9NF3
£175K09/210.27 mi79, Sunny Bank Avenue, Blackpool FY2 9NF3
£168K02/230.28 mi13, Sunny Bank Avenue, Bispham, Blackpool FY2 9EQ3
£185K11/200.29 mi196, Bispham Road, Blackpool FY2 0LA3
£164.9K11/200.29 mi7, Landseer Avenue, Blackpool FY2 9EF3
£129.9K09/210.3 mi58, Blackpool Road, Blackpool FY2 0HT3
£115K11/220.3 mi14, Bangor Avenue, Bispham, Blackpool FY2 0JB3
£300K02/230.3 mi3, Ashley Close, Bispham, Blackpool FY2 0RF3
£106K03/210.3 mi9, Canada Crescent, Blackpool FY2 0NT3
£225K05/230.3 mi30, Countess Crescent, Bispham, Blackpool FY2 9LQ3
£113K10/210.32 mi97, Cavendish Road, Blackpool FY2 9NJ3
£163K11/200.32 mi12, Northgate, Bispham, Blackpool FY2 9NL3
£160K01/230.32 mi62, Cavendish Road, Bispham, Blackpool FY2 9NJ3
£100.5K05/230.32 mi72, Cavendish Road, Bispham, Blackpool FY2 9NJ3
£138K09/210.32 mi124, Cavendish Road, Blackpool FY2 9EG3
£109K02/210.32 mi142, Cavendish Road, Bispham, Blackpool FY2 9EG3
£146K09/210.33 mi2, Fernleigh Close, Blackpool FY2 0HS3
£135K10/220.33 mi19, Fernleigh Close, Bispham, Blackpool FY2 0HS3
£190K01/230.33 mi204, Cavendish Road, Bispham, Blackpool FY2 9EE3
£190K02/210.33 mi367, Devonshire Road, Bispham, Blackpool FY2 0RE3

Local Rents

40 rents from £725/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£92504/240.04 miInver Road, Blackpool, FY2 0LW3
£87504/240.04 miInver Road, Blackpool, FY2 0LW3
£87505/240.04 miInver Road, Blackpool, FY2 0LW3
£92505/240.05 miInver Road, Blackpool, Lancashire3
£89505/240.09 mi-3
£89505/240.09 mi-3
£89505/240.09 mi-3
£95004/240.18 miGalway Avenue, Blackpool, Lancashire, FY23
£80005/240.2 miLimerick Road,Blackpool,FY23
£89503/240.21 mi-3
£80004/240.23 mi-3
£72502/240.24 mi-3
£75005/240.24 mi-3
£89902/240.24 mi-3
£89505/240.32 miCavendish Road, FY23
£85005/240.34 miBuxton Avenue, FY23
£99504/240.34 mi-3
£89504/240.34 mi-3
£99504/240.34 mi-3
£99504/240.34 mi-3
£99505/240.34 mi-3
£89504/240.42 miAdmiral Gardens, Bispham3
£89504/250.44 mi-3
£85004/240.44 miDevonshire Road, Bispham3
£89504/240.45 miEdenvale Avenue, FY23
£85005/240.46 miSandhurst Avenue, Bispham, FY2 9EB3
£1,00004/240.46 miDevonshire Road, Bispham, Blackpool3
£1,15005/240.47 mi3 Cliff Place, Bispham, Blackpool. FY2 9JT3
£90012/230.53 mi-3
£97503/250.53 mi-3
£85004/240.54 mi-3
£95002/250.58 mi-3
£1,05002/240.6 mi-3
£1,20004/240.62 mi-3
£1,25004/240.62 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.62 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.62 miMontpelier Avenue, Blackpool, FY23
£1,25006/240.62 mi-3
£1,15006/240.62 mi-3
£1,25003/250.62 mi-3

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.40 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £130,000

March 12, 2025

Listed for £145,000

December 17, 2024

Description

  • Three Bedroom Semi Detached House. +
  • Two Reception Rooms. +
  • Kitchen Diner. +
  • Two Double Bedrooms And One Single. +
  • Gas Central Heating Througout. +
  • Large Rear Garden With Garage. +
  • In Need of Refurbishment. +
  • Close to Local Amenities And Transport Link.s +
  • Viewings Are advised. +
  • Being sold through Auction. +

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £145,000

Terms and conditions apply.

Welcome to this superb opportunity to buy this three bedroom property in the village of Bispham. Located close to local schools, transport links and amenities this property offers the chance to have a home that you can put your own stamp on. The house comes with three bedrooms (two double's and one single) , two reception rooms and a good size kitchen. There is a large garden to the rear and has the benefit of a garage. The property does require modernisation throughout but don't let that put you off as this house has a lot to offer.

Front Of House - Access from main road onto private pathway leading to inner hallway. Front garden with area for planation and shrubbery.

Inner Hallway - Inner hallway has access to all lower level rooms with under stair storage cupboard and gas central heating.

Lounge - Good size living space with double glazed bay window to the front with gas central heating and an electric fire with surround.

Reception Room - Good size living area with double glazed window to the rear and gas central heating and gas fire with surround.

Kitchen - The kitchen offers a good range of wall and base units along with a built in oven and hob. The kitchen has a small dining area and comes with dual aspect glazed windows, central heating and an access door to rear area.

Bedroom One - Good size double bedroom with good built in storage space. The room also comes with gas central heating and double glazed bay window to the front.

Bedroom Two - Another good size double room with plenty of room for storage and gain with gas central heating and a double glazed window to the rear.

Bedroom Three - Single room with gas central heating and a double glazed window

Bathroom - Three piece bathroom suite which includes a single panel bath with overhead shower, low flush WC and wash hand basin with mixer tap. The room has gas central heating and dual opaque glazed windows.

Rear Of Property - The rear fo the property has the benefit of a stand alone garage with an up and over door. The rear garden is a good size and is fenced to all sides.

Agent Details

Pinpoint Properties, Fleetwood

01253 835647

Next Steps?

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