3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY4 1RH, £160,000

Allandale, South Shore, FY4 1RH - 7 views - 3 months ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£90K - £290K
Sold Prices/m²£1.1K/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£152,637

 

 

End Value (After Refurb)

£157,257

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£38,071

Bridging Loan Interest

£4,200

Total Cash In

£90,021

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£157,257

Mortgage (After Refinance)

£117,943

Mortgage LTV

75%

Cash Left In

£90,021

Equity

£39,314

Rent Range

£675 - £1,250

Rent Estimate

£942

Running Costs/mo

£700

Cashflow/mo

£242

Cashflow/yr

£2,906

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90K to £290K, average is £155K. £1.1K/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£220K11/200.01 mi5, Allandale, Blackpool FY4 1RH3
£240K02/230.05 mi8, Roseacre, Blackpool FY4 2PN3
£290K09/210.05 mi5, Roseacre, Blackpool FY4 2PN3
£120K06/210.07 mi52, Kingston Avenue, Blackpool FY4 2QA3
£238K03/230.09 mi7a, Kingston Avenue, Blackpool FY4 2QB3
£200K03/230.09 mi4, Stonycroft Avenue, Blackpool FY4 2NR3
£220K12/210.12 mi35, Berwick Road, Blackpool FY4 2PT3
£119K01/210.15 mi58, Orchard Avenue, Blackpool FY4 2NY3
£132K03/230.18 mi9, Roselyn Avenue, Blackpool FY4 2PD3
£205K05/210.18 mi92, Harrington Avenue, Blackpool FY4 1QD3
£225K12/220.18 mi75, Harrington Avenue, Blackpool FY4 1QD3
£110.5K12/210.19 mi133, Abbey Road, Blackpool FY4 2PY3
£148K05/230.19 mi85, Abbey Road, Blackpool FY4 2JZ3
£110K02/230.21 mi117, Squires Gate Lane, Blackpool FY4 1QW3
£134K08/210.21 mi14, Summerville, Blackpool FY4 2JT3
£231K03/210.22 mi1, Stony Hill Avenue, Blackpool FY4 1PR3
£115K12/200.23 mi34, Mayfield Avenue, Blackpool FY4 2NT3
£109K12/200.23 mi32, Mayfield Avenue, Blackpool FY4 2NT3
£125K05/230.23 mi27, Scarsdale Avenue, Blackpool FY4 2PB3
£149K02/210.23 mi74, Wetherby Avenue, Blackpool FY4 1QA3
£127.5K12/200.23 mi48, Orchard Avenue, Blackpool FY4 2NX3
£143.5K02/210.23 mi24, Albany Avenue, Blackpool FY4 1QB3
£169.9K03/230.24 mi16, Hillcrest Road, Blackpool FY4 1QT3
£165K02/210.24 mi44, Hillcrest Road, Blackpool FY4 1QT3
£125K02/230.24 mi36, Sawley Avenue, Blackpool FY4 2NB3
£148K03/210.24 mi52, Sawley Avenue, Blackpool FY4 2NB3
£90K12/200.24 mi48, Sawley Avenue, Blackpool FY4 2NB3
£190K03/230.24 mi45, Sawley Avenue, Blackpool FY4 2NB3
£140K12/200.24 mi16, Selby Avenue, Blackpool FY4 2LY3
£161K12/200.24 mi14, Selby Avenue, Blackpool FY4 2LY3
£148.5K09/210.24 mi19, Burgate, Blackpool FY4 2QH3
£230K02/230.24 mi2, Burgate, Blackpool FY4 2QH3
£170K05/230.24 mi32, Harrington Avenue, Blackpool FY4 1QE3
£134.5K11/200.25 mi11, Ravenwood Avenue, Blackpool FY4 2LT3
£188K03/210.26 mi4, Downham Place, Blackpool FY4 1QS3
£155K12/220.26 mi11, Abbeyville, Blackpool FY4 2JU3
£145K02/210.26 mi31, Abbeyville, Blackpool FY4 2JU3
£155K06/230.26 mi9, Gildabrook Road, Blackpool FY4 2LU3
£160K11/200.27 mi23, Wetherby Avenue, Blackpool FY4 1PZ3
£169.9K04/210.27 mi15, Wetherby Avenue, Blackpool FY4 1PZ3
£199.9K11/220.28 mi22, Highgate, Blackpool FY4 2QJ3
£210K10/220.29 mi7, Kidbrooke Avenue, Blackpool FY4 1QR3
£185K06/210.29 mi17, Kidbrooke Avenue, Blackpool FY4 1QR3
£223.6K09/210.29 mi3, Kidbrooke Avenue, Blackpool FY4 1QR3
£145K05/210.29 mi26, Kidbrooke Avenue, Blackpool FY4 1QR3
£134.9K03/210.3 mi61, Squires Gate Lane, Blackpool FY4 1PJ3
£122.5K05/210.31 mi44, Primrose Avenue, Blackpool FY4 2LL3
£157.5K02/230.32 mi40, Belvere Avenue, Blackpool FY4 2LW3
£125K04/210.32 mi56, Cheddar Avenue, Blackpool FY4 2LQ3
£170K06/210.32 mi55, Cheddar Avenue, Blackpool FY4 2LQ3

Local Rents

15 rents from £675/mo to £1.3K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,19004/240.06 mi-3
£1,25004/240.06 miRosemary Avenue, Blackpool, FY43
£79504/240.09 mi33 Kingston Avenue3
£90005/240.26 miGildabrook Road, Blackpool3
£95004/240.28 mi-3
£1,00004/240.31 miHarrowside, Blackpool, Lancashire, FY43
£80004/240.49 mi-3
£95004/240.5 miHelens Close, Blackpool3
£95004/240.5 miHelens Close, Blackpool3
£90004/240.51 mi-3
£1,25004/240.51 miSt. Lukes Road, Blackpool3
£85004/240.54 miEndsleigh Gardens, Blackpool3
£79504/240.54 miEndsleigh Gardens, Blackpool3
£67502/240.55 miIvy Avenue, Blackpool, FY4 3QG3
£87512/240.61 mi-3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £160,000

December 20, 2024

Floor Plans

Description

NO CHAINFULL RENOVATION REQUIRED Spacious three bedroom semi detached for sale on Allandale in Blackpool. The property is ideally located to schools, schools and transport links and features two large reception rooms, three good size bedrooms and is situated on a private secluded cul-de-sac. Briefly comprising: Entrance hallway, lounge, kitchen, dining room, first floor landing, three bedrooms, bathroom, rear garden, garage and driveway parking. CALL TO VIEW**

GROUND FLOOR

HALLWAY
UPVC double glazed entrance door, meter cupboard, radiator, staircase leading to the first floor and storage under the stairs.

LOUNGE
4.74m x 3.96m (15'7 x 13'0)
UPVC double glazed bay window to the front aspect, open fire in featured surround and radiator.

DINING ROOM
4.18m x 3.65m (13'9 x 12'0)
UPVC double glazed window to the rear aspect, open fire in featured surround and radiator.
KITCHEN
2.60m x 2.09m (8'6 x 6'10)
UPVC double glazed window to the side aspect and door to the rear aspect. Fitted kitchen with a range of wall and base units with complementary work surfaces, sink with mixer tap and drainer, space for fridge/freezer, space for gas oven and hob extractor fan over, plumbed for washing machine and boiler.

FIRST FLOOR

LANDING
UPVC double glazed window to the side aspect.

BEDROOM ONE
3.94m x 3.66m (12'11 x 12'0)
UPVC double glazed window to the rear aspect, storage cupboard and radiator.

BEDROOM TWO
3.83m x 3.66m (12'7 x 12'0)
UPVC double glazed window to the front aspect and radiator.

BEDROOM THREE
2.64m x 2.12m (8'8 x 6'11)
UPVC double glazed window to the front aspect and radiator.
BATHROOM
2.13m x 1.80m (7'0 x 5'11)
UPVC double glazed window to the side aspect, panelled bath, wash hand basin, low flush w.c, loft hatch and radiator.

EXTERNAL

FRONT
Driveway providing off street parking and access to the garage.

REAR
Mature trees and shrubs.

TENURE
We have been informed that the property is Leasehold; 904 years left and pay £4.98 per year Ground rent. Prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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