3 Bed Terraced House, Refurb/BRRR, Blackpool, FY3 7PJ, £100,000

Chepstow Road, Blackpool, Lancashire, FY3 7PJ - 3 views - 3 months ago

Sold STC

Refurb/BRRR

ROI: 5%

~93 m²

+7 photos

ValuationUndervalued

Sold Prices	£69K - £355K
Sold Prices/m²	£625/m² - £2.7K/m²

Square Metres	~93 m²
Price/m²	£1.1K/m²
Value Estimate	£103,000£103,000
BMV	3%

End Value (After Refurb)	£125,569£125,569
Uplift in Value	+26%+26%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£25,000£25,000
Stamp Duty & Legal Fees	£4,200£4,200
Refurb Costs	£37,989£37,989
Bridging Loan Interest	£2,625£2,625
Total Cash In	£71,564£71,564

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£125,569£125,569
Mortgage (After Refinance)	£94,177£94,177
Mortgage LTV	75%75%
Cash Released	£19,177£19,177
Cash Left In	£52,387£52,387
Equity	£31,392£31,392
Rent Range	£725 - £1,150£725 - £1,150
Rent Estimate	£897
Running Costs/mo	£592£592
Cashflow/mo	£305£305
Cashflow/yr	£3,662£3,662
ROI	5%5%
Gross Yield	11%11%

Local Sold Prices

50 sold prices from £69K to £355K, average is £114.8K. £625/m² to £2.7K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£110K	06/21	0 mi	68, Chepstow Road, Blackpool FY3 7PJ	-	-	3	Semi-Detached House
£230K	11/21	0.19 mi	143, Poulton Road, Blackpool FY3 7JJ	£2,110	109	3	Semi-Detached House
£125K	05/21	0.19 mi	77, Poulton Road, Blackpool FY3 7JJ	-	-	3	Semi-Detached House
£85K	02/23	0.2 mi	14, Hockley Place, Blackpool FY3 7NY	£625	136	3	Terraced House
£93.5K	03/21	0.2 mi	99, Argosy Avenue, Blackpool FY3 7NG	-	-	3	Terraced House
£108K	06/23	0.23 mi	59, Carleton Avenue, Blackpool FY3 7JN	£1,385	78	3	Terraced House
£91K	01/21	0.23 mi	13, Carleton Avenue, Blackpool FY3 7JN	-	-	3	Terraced House
£114.5K	11/20	0.23 mi	62, Carleton Avenue, Blackpool FY3 7JN	£1,363	84	3	Semi-Detached House
£112K	02/21	0.24 mi	8, Plymouth Road, Blackpool FY3 7JP	£903	124	3	Semi-Detached House
£232K	07/21	0.25 mi	73, Poulton Old Road, Blackpool FY3 7LB	-	-	3	Detached House
£355K	05/23	0.25 mi	61, Poulton Old Road, Blackpool FY3 7LB	£2,161	164	3	Detached House
£87.5K	11/20	0.26 mi	51, Poulton Road, Blackpool FY3 7DS	£754	116	3	Semi-Detached House
£95K	03/21	0.27 mi	26, Furness Avenue, Blackpool FY3 7QQ	£1,337	71	3	Terraced House
£90K	05/23	0.27 mi	4, Elgin Place, Blackpool FY3 7RY	£1,034	87	3	Semi-Detached House
£154K	03/23	0.29 mi	9, Norwood Avenue, Blackpool FY3 7DJ	-	-	3	Semi-Detached House
£165K	04/23	0.29 mi	23, Oregon Avenue, Blackpool FY3 7JU	£1,753	94	3	Semi-Detached House
£124K	07/21	0.31 mi	207, Kingscote Drive, Blackpool FY3 7EW	£1,531	81	3	Terraced House
£185K	01/23	0.33 mi	14, Burnsall Avenue, Blackpool FY3 7LQ	£1,850	100	3	Semi-Detached House
£175K	06/23	0.34 mi	147, St Walburgas Road, Blackpool FY3 7EY	£1,634	107	3	Semi-Detached House
£121K	06/21	0.34 mi	55, Kendal Avenue, Blackpool FY3 7LG	-	-	3	Semi-Detached House
£69K	12/20	0.35 mi	70, Scorton Avenue, Blackpool FY3 7HD	£775	89	3	Terraced House
£103K	03/23	0.36 mi	12, Pelham Avenue, Blackpool FY3 7HS	-	-	3	Semi-Detached House
£186.5K	04/23	0.36 mi	50, Westcliffe Drive, Blackpool FY3 7HG	-	-	3	Semi-Detached House
£142K	12/22	0.36 mi	3, Cannock Avenue, Blackpool FY3 7HH	£1,699	84	3	Semi-Detached House
£125K	07/21	0.36 mi	12, Cannock Avenue, Blackpool FY3 7HH	£1,524	82	3	Semi-Detached House
£110K	02/23	0.36 mi	10, Pelham Avenue, Blackpool FY3 7HS	-	-	3	Terraced House
£99K	02/21	0.36 mi	27, Delaware Road, Blackpool FY3 7JY	-	-	3	Terraced House
£110K	07/23	0.38 mi	435, Blackpool Old Road, Blackpool FY3 7LN	£1,392	79	3	Semi-Detached House
£95K	03/23	0.38 mi	85, Grange Road, Blackpool FY3 8PJ	-	-	3	Semi-Detached House
£145K	01/23	0.38 mi	522, Blackpool Old Road, Blackpool FY3 7LW	£1,721	84	3	Semi-Detached House
£93K	03/21	0.38 mi	57, Grenfell Avenue, Blackpool FY3 7BS	£1,257	74	3	Terraced House
£90K	01/21	0.4 mi	11, Sherwood Avenue, Blackpool FY3 7HT	£1,406	64	3	Terraced House
£101K	01/21	0.4 mi	374, Garstang Road West, Blackpool FY3 7JH	£1,263	80	3	Semi-Detached House
£140K	02/23	0.41 mi	372, Garstang Road West, Blackpool FY3 7JH	£1,667	84	3	Semi-Detached House
£122K	01/21	0.41 mi	2, St Bernard Avenue, Blackpool FY3 7EH	-	-	3	Semi-Detached House
£90K	02/21	0.41 mi	14, Bathurst Avenue, Blackpool FY3 7RL	£1,047	86	3	Semi-Detached House
£185K	12/22	0.41 mi	187, St Walburgas Road, Blackpool FY3 7EF	£2,202	84	3	Semi-Detached House
£182K	07/23	0.42 mi	16, Furlong Crescent, Blackpool FY3 7LP	£2,208	82	3	Semi-Detached House
£115K	04/21	0.43 mi	4, Beckway Avenue, Blackpool FY3 8JY	-	-	3	Semi-Detached House
£109K	10/21	0.44 mi	33, Grange Road, Blackpool FY3 8EJ	£1,225	89	3	Terraced House
£79K	10/20	0.44 mi	31, Grange Road, Blackpool FY3 8EJ	£840	94	3	Terraced House
£127K	03/21	0.44 mi	1, Annesley Avenue, Blackpool FY3 7JD	£1,187	107	3	Semi-Detached House
£155K	11/21	0.44 mi	10, Leyfield Close, Blackpool FY3 7RQ	-	-	3	Semi-Detached House
£102.5K	05/21	0.45 mi	19, Bromley Close, Blackpool FY2 0SD	-	-	3	Terraced House
£86K	05/21	0.45 mi	21, Marlhill Road, Blackpool FY3 7TG	£1,117	77	3	Semi-Detached House
£265K	09/21	0.46 mi	401, Blackpool Old Road, Blackpool, Lancashire FY3 7LT	£2,659	100	3	Detached House
£185K	03/23	0.46 mi	123, Mansfield Road, Blackpool FY3 7HZ	-	-	3	Semi-Detached House
£78.5K	11/20	0.46 mi	94, Mansfield Road, Blackpool FY3 7HZ	£1,353	58	3	Semi-Detached House
£158K	12/20	0.47 mi	21, Westfield Avenue, Blackpool, Lancashire FY3 7LU	£2,107	75	3	Semi-Detached House
£180K	05/21	0.47 mi	351, Warley Road, Blackpool FY2 0ST	-	-	3	Detached House

Local Rents

29 rents from £725/mo to £1.1K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£725	02/24	0 mi	-	3	Semi-Detached House
£1,050	12/24	0.03 mi	-	3	Terraced House
£1,050	03/25	0.03 mi	-	3	Terraced House
£900	02/25	0.08 mi	-	3	Terraced House
£950	04/24	0.19 mi	-	3	Terraced House
£950	05/24	0.19 mi	-	3	Terraced House
£950	04/24	0.19 mi	Wades Court, Blackpool, FY3	3	Terraced House
£825	05/24	0.2 mi	-	3	Terraced House
£825	04/24	0.2 mi	Meyler Avenue, Blackpool, FY3	3	Terraced House
£795	04/24	0.2 mi	Argosy Avenue, Blackpool, Lancashire, FY3	3	Terraced House
£950	08/23	0.22 mi	-	3	Semi-Detached House
£825	04/24	0.25 mi	Carleton Avenue, Blackpool	3	Terraced House
£800	03/25	0.25 mi	-	3	Semi-Detached House
£875	10/23	0.27 mi	-	3	Bungalow
£725	04/24	0.32 mi	-	3	Terraced House
£795	04/24	0.43 mi	Beckway Avenue, Blackpool	3	Semi-Detached House
£1,000	03/25	0.44 mi	-	3	Terraced House
£1,000	02/25	0.47 mi	-	3	Terraced House
£1,100	03/25	0.47 mi	-	3	Terraced House
£950	02/24	0.53 mi	-	3	Semi-Detached House
£975	01/25	0.54 mi	-	3	Semi-Detached House
£1,150	03/25	0.55 mi	-	3	Semi-Detached House
£950	02/25	0.55 mi	-	3	Semi-Detached House
£800	04/24	0.57 mi	-	3	Terraced House
£900	06/24	0.58 mi	Mexford Avenue, Blackpool	3	Terraced House
£925	04/24	0.59 mi	-	3	Semi-Detached House
£1,000	12/24	0.59 mi	-	3	Semi-Detached House
£899	06/24	0.61 mi	-	3	Terraced House
£999	05/24	0.61 mi	Runcorn Avenue, Blackpool, FY2	3	Terraced House

Local Area Statistics

Population in FY3	31,56931,569
Population in Blackpool	133,713133,713
Town centre distance	1.15 miles away1.15 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Listed for £100,000

January 7, 2025

Floor Plans

Description

Calling All First Time Buyers and Investors +
Mid Terrace +
Three Good Sized Bedrooms +
Downstairs WC +
Driveway +
Call Office To Arrange Viewings Before Missing Out +

Calling all First Time Buyers and Investors! Introducing Chepstow Road, this three bedroom mid terraced house offers a wealth of potential for renovation.

On internal inspection you are greeted with a great sized reception room through to a fitted kitchen and conservatory. The ground floor also benefits from a WC. To the first floor there are two double bedrooms and a single bedroom and a three piece family bathroom.

Externally, there is an enclosed rear garden.

This home will make the perfect first project - please call the office now to arrange a viewing!

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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

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