3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 2RX, £159,950

West Drive, Thornton-Cleveleys, Lancashire, FY5 2RX - 4 views - 4 months ago

Refurb/BRRR
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£85K - £315K
Sold Prices/m²£1.1K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£164,159
BMV3%

 

 

End Value (After Refurb)

£165,987

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£5,999

Refurb Costs

£37,686

Bridging Loan Interest

£4,199

Total Cash In

£89,620

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£165,987

Mortgage (After Refinance)

£124,490

Mortgage LTV

75%

Cash Released

£4,528

Cash Left In

£85,092

Equity

£41,497

Rent Range

£725 - £1,100

Rent Estimate

£857

Running Costs/mo

£710

Cashflow/mo

£147

Cashflow/yr

£1,763

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £85K to £315K, average is £152.5K. £1.1K/m² to £3.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£225K11/220 mi338, West Drive, Thornton-cleveleys, Lancashire FY5 2RX3
£130K05/230.04 mi36, Taywood Road, Thornton-cleveleys, Lancashire FY5 2RT3
£155K07/230.04 mi50, Taywood Road, Thornton-cleveleys, Lancashire FY5 2RT3
£118K12/200.06 mi281, Fleetwood Road North, Thornton-cleveleys, Lancashire FY5 4LE3
£156K07/210.09 mi11, Reta Drive, Thornton-cleveleys, Lancashire FY5 2RU3
£181K05/230.14 mi41, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£165K11/210.14 mi26, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£142.5K12/200.14 mi30, Fairclough Road, Thornton-cleveleys, Lancashire FY5 2RN3
£124.5K02/210.14 mi51, Springfield Drive, Thornton-cleveleys, Lancashire FY5 4LL3
£315K08/210.14 mi1, The Maltings, Thornton-cleveleys, Lancashire FY5 2LU3
£182K12/210.14 mi1, Mildred Close, Thornton-cleveleys, Lancashire FY5 2RP3
£129K12/200.15 mi253, Fleetwood Road North, Thornton-cleveleys, Lancashire FY5 4LB3
£199.9K09/210.17 mi2, Fairholmes Way, Thornton-cleveleys, Lancashire FY5 2SJ3
£230K06/230.17 mi9, Fairholmes Way, Thornton-cleveleys, Lancashire FY5 2SJ3
£115K12/200.17 mi4, Fairholmes Close, Thornton-cleveleys, Lancashire FY5 2SL3
£137.5K05/210.17 mi10, Fairholmes Close, Thornton-cleveleys, Lancashire FY5 2SL3
£149K08/210.22 mi27, Chestnut Gardens, Thornton-cleveleys, Lancashire FY5 4HS3
£162K03/230.22 mi35, Chestnut Gardens, Thornton-cleveleys, Lancashire FY5 4HS3
£133.8K06/210.22 mi54, Holmes Road, Thornton-cleveleys, Lancashire FY5 2SG3
£88K11/210.22 mi13, Wembley Road, Thornton-cleveleys, Lancashire FY5 4JN3
£132K04/210.23 mi10, Rose Fold, Thornton-cleveleys, Lancashire FY5 4NQ3
£130K04/230.24 mi23, Crabtree Road, Thornton-cleveleys, Lancashire FY5 4HW3
£165K12/200.26 mi7, Keepers Hey, Thornton-cleveleys, Lancashire FY5 2HL3
£175K06/210.26 mi1, Rixton Grove, Thornton-cleveleys, Lancashire FY5 4PU3
£124K01/210.26 mi17, Rixton Grove, Thornton-cleveleys, Lancashire FY5 4PU3
£175K08/210.28 mi89, Mayfield Avenue, Thornton-cleveleys, Lancashire FY5 2HH3
£113.5K01/210.29 mi35, Gamble Road, Thornton-cleveleys, Lancashire FY5 4JG3
£142.5K01/230.29 mi35, Gamble Road, Thornton-cleveleys, Lancashire FY5 4JG3
£229K06/230.32 mi22, Masefield Avenue, Thornton-cleveleys, Lancashire FY5 2ES3
£248K02/230.34 mi30, Dallam Dell, Thornton-cleveleys, Lancashire FY5 4PX3
£126K10/210.34 mi7, Curlew Close, Thornton-cleveleys, Lancashire FY5 2AN3
£185K04/230.35 mi4, Dunlin Close, Thornton-cleveleys, Lancashire FY5 2RG3
£170K08/210.37 mi76, Waring Drive, Thornton-cleveleys, Lancashire FY5 2SP3
£215K04/230.38 mi27, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW3
£144K07/210.39 mi3, Royles Brook Close, Thornton-cleveleys, Lancashire FY5 4PS3
£295K05/230.4 mi48, Linden Avenue, Thornton-cleveleys, Lancashire FY5 2EY3
£192K12/210.4 mi52, Croasdale Drive, Thornton-cleveleys, Lancashire FY5 2AG3
£242K12/220.41 mi1, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£205K11/200.41 mi3, Rosemary Avenue, Thornton-cleveleys, Lancashire FY5 2RE3
£116K03/210.42 mi2, Bonney Street, Thornton-cleveleys, Lancashire FY5 4HQ3
£189.9K12/200.42 mi7, Gordon Avenue, Thornton-cleveleys, Lancashire FY5 4BU3
£177K12/200.42 mi4, Pheasant Wood Drive, Thornton-cleveleys, Lancashire FY5 2AW3
£185K03/230.43 mi117, Trunnah Road, Thornton-cleveleys, Lancashire FY5 4HF3
£128.5K04/230.44 mi65, Sandyforth Avenue, Thornton-cleveleys, Lancashire FY5 4BP3
£127K07/230.44 mi45, Sandyforth Avenue, Thornton-cleveleys, Lancashire FY5 4BP3
£85K04/210.44 mi75, Sandyforth Avenue, Thornton-cleveleys, Lancashire FY5 4BP3
£133K06/230.44 mi63, Sandyforth Avenue, Thornton-cleveleys, Lancashire FY5 4BP3
£127K12/220.44 mi18, Trunnah Road, Thornton-cleveleys, Lancashire FY5 4HE3
£116K06/210.44 mi70, Trunnah Road, Thornton-cleveleys, Lancashire FY5 4HE3
£149.9K01/230.44 mi34, Sandyforth Avenue, Thornton-cleveleys, Lancashire FY5 4BS3

Local Rents

11 rents from £725/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85005/240.07 miKildare, Thornton Cleveleys3
£82504/240.09 miReta Drive, Thornton-Cleveleys3
£85004/240.13 mi-3
£1,10009/240.24 mi-3
£82504/240.28 miMayfield Avenue, Thornton-Cleveleys, Lancashire, FY53
£87504/240.29 miMayfield Avenue, THORNTON CLEVELEYS3
£87504/240.29 miMayfield Avenue, THORNTON CLEVELEYS3
£85004/240.33 miSaltash Road, Thornton Cleveleys, FY5 4JJ3
£85003/250.43 mi-3
£72504/240.43 miTrunnah Road, Thornton-cleveleys, FY5 4HF3
£79504/240.44 miHargreaves Street, Thornton-Cleveleys, Lancashire, FY53

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.51 miles away

Nearest school

0.30 miles away

Nearest train station

2.64 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £159,950

December 19, 2024

Description

Situated in a good established residential location this extended semi detached house in need of some refurbishment benefiting from 'Combi' gas central heating, complimented by UPVC double glazing and briefly comprising:- Entrance Porch, Hallway, Lounge, Conservatory, Dining Room, fitted Kitchen, Three Bedrooms, Modern Shower Room and separate WC. The external features include driveway parking for two cars and private rear garden gaining maximum sunlight from a South facing aspect. The property is offered with 'Vacant Possession' to enable the arrangement of a quick completion. Internal viewing is highly recommended by prior appointment with this office.
ACCOMMODATION
ENTRANCE PORCH:- 6'3"x3'2" Brick and double glazed UPVC construction, ceramic tiled flooring, feature stained and leaded glazed timber door with side and over lights giving access to:-
HALLWAY:- 13'7"x5'5" Max Dimensions. Staircase to first floor with understair storage and UPVC double glazed window, telephone point, consumer meter, picture rail, panel radiator.
LOUNGE:- 13'1"x11'1" Max Dimensions. Into UPVC double glazed box bay window overlooking front, feature fireplace housing coal effect gas fire, picture rail, panel radiator.
DINING ROOM:- 13'5"x11'0" Max Dimensions. Into UPVC double glazed patio doors to conservatory, feature fireplace housing coal effect gas fire, double panel radiator.
CONSERVATORY:- 9'9"x6'5 Being South facing, brick and double glazed UPVC construction under pitched polycarbonate roof.
KITCHEN:- 14'6"x6'0" Fitted base and wall cupboards, co-ordinating work surfaces, single drainer sink unit, plumbed for automatic washing machine, gas oven point, extractor fan, part tiling to walls, UPVC double window to rear and UPVC double glazed door to side.
LANDING:- Into feature UPVC double glazed window with stained and leaded lights to side, picture rail.
BEDROOM 1:- 13'11"x11'0" Max Dimensions. Into UPVC double glazed box bay window overlooking front, picture rail television ariel, full height sliding door wardrobes, panel radiator,
BEDROOM 2:- 13'4"x8'3" Max Dimensions. Into UPVC double glazed window overlooking rear, picture rail, range of full height fitted wardrobes, panel radiator.
BEDROOM 3:- 6'10x6'8" Into UPVC double glazed window overlooking rear, picture rail, panel radiator.
SHOWER ROOM:- 7'0"x5'2" Large walk in shower, vanity bowl, UPVC double glazed window, panel radiator, built in storage housing Ideal 'Combi' gas central heating boiler, access to insulated roof space, full tiling to walls.
SEPARATE W.C:- 4'5"x2'4" Into UPVC double glazed window, low flush W.C in white, part tiling to walls.
EXTERNAL
GARDEN FRONT:- Laid to block paving suitable for parking for two cars, gated access to rear, brick built and timber fenced boundaries.
GARDEN REAR:- Been private and gaining maximum sunlight from a South facing aspect, paved pathways and patio areas, mature shrub borders, brick built outbuilding, water point, timber fenced boundaries.
TENURE:- We are advised by the vendor that the property is Freehold.
SERVICES:- All mains services are connected.
APPLIANCES/EQUIPMENT:- Services, installations, heating systems and appliances have not been tested.
VALUATION:- If you are considering selling your present property INDEPENDENT will be pleased to provide you with a FREE VALUATION.
12/LD

Agent Details

Independent Estate Agency, Thornton Cleveleys

01253 835683

Next Steps?

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