5 Bed Detached House, Refurb/BRRR, Blackpool, FY2 0RY, £550,000

2 The Knowle, Blackpool FY2 0RY - 2 views - 4 months ago

Refurb/BRRR
Planning
ROI: 1%
~178 m²
+21 photos

ValuationOvervalued

Sold Prices£120K - £625K
Sold Prices/m²£714/m² - £3.3K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.1K/m²

Value Estimate

£224,400

 

 

End Value (After Refurb)

£296,209

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£72,847

Bridging Loan Interest

£14,438

Total Cash In

£259,234

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£296,209

Mortgage (After Refinance)

£222,157

Mortgage LTV

75%

Cash Left In

£259,234

Equity

£74,052

Rent Range

£725 - £8,310

Rent Estimate

£1,414

Running Costs/mo

£1,228

Cashflow/mo

£186

Cashflow/yr

£2,227

ROI

1%

Gross Yield

3%

Local Sold Prices

32 sold prices from £120K to £625K, average is £292.5K. £714/m² to £3.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£277.5K03/230.31 mi7, Regency Gardens, Blackpool FY2 0WX5
£190K12/200.37 mi149, Holmfield Road, Blackpool FY2 9PB5
£290K07/210.37 mi28, Carlin Gate, Blackpool FY2 9QU5
£147K08/210.61 mi409, Warbreck Drive, Bispham, Blackpool FY2 9LE5
£301K02/210.86 mi4, Sandhurst Avenue, Blackpool FY2 9AU5
£625K06/210.87 mi280, Queens Promenade, Blackpool FY2 9AX5
£585K09/210.98 mi294, Queens Promenade, Bispham, Blackpool FY2 9AD5
£340K09/211.03 mi345, Blackpool Old Road, Blackpool, Lancashire FY3 7LX5
£320K05/211.06 mi609, Devonshire Road, Blackpool FY2 0AR5
£295K02/211.23 mi5, The Rowans, Poulton-le-fylde, Lancashire FY6 7UW5
£305K12/221.29 mi161, St Walburgas Road, Blackpool FY3 7EY5
£355K03/211.48 miFern Bank, Whiteholme Road, Thornton-cleveleys, Blackpool FY5 3HX5
£325K01/211.6 mi17, Halford Place, Thornton-cleveleys, Blackpool FY5 3HP5
£270K03/231.6 mi246, Newton Drive, Blackpool FY3 8NX5
£260K12/221.62 mi16, Bryan Road, Blackpool FY3 9BE5
£159.9K03/211.63 mi22, Ravenswood Avenue, Blackpool, Lancashire FY3 7SJ5
£270K01/211.64 mi8, Leamington Road, Blackpool FY1 4EZ5
£520K12/221.7 mi31, North Park Drive, Blackpool FY3 8LR5
£145K12/201.73 mi27, Raikes Parade, Blackpool FY1 4EY5
£385K11/221.74 mi191, Normoss Road, Blackpool, Lancashire FY3 8QN5
£130K12/221.76 mi82, Regent Road, Blackpool FY1 4NB5
£120K03/231.76 mi70, Regent Road, Blackpool FY1 4NB5
£258K09/211.77 mi258, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PA5
£305K03/211.82 mi69, Heron Way, Blackpool FY3 8FA5
£305K03/211.82 mi69, Heron Way, Blackpool FY3 8FA5
£370K09/221.82 mi41, Plovers Way, Blackpool FY3 8FD5
£439K11/231.85 mi92, Poulton Road, Poulton-le-fylde, Lancashire FY6 7LX5
£377.5K11/201.86 mi363, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1NU5
£160K06/211.88 mi4, West Park Drive, Blackpool FY3 9DN5
£155K02/231.9 mi4, Jem Gate, Thornton-cleveleys, Blackpool FY5 1NN5
£160K02/231.95 mi71, St Albans Road, Blackpool FY1 4EG5
£277.5K11/201.99 mi2, Skipton Avenue, Poulton-le-fylde, Lancashire FY6 7TU5

Local Rents

45 rents from £725/mo to £8.3K/mo, average is £960/mo.

RentDateDistanceAddressBeds 
£89902/240.19 mi-3
£80004/240.2 mi-3
£89503/240.21 mi-3
£1,05002/240.26 mi-3
£72502/240.26 mi-3
£75005/240.26 mi-3
£80005/240.28 miLimerick Road,Blackpool,FY23
£1,40003/240.33 mi-3
£1,30004/250.33 mi-3
£92504/240.35 miInver Road, Blackpool, FY2 0LW3
£87504/240.35 miInver Road, Blackpool, FY2 0LW3
£87505/240.35 miInver Road, Blackpool, FY2 0LW3
£1,20011/230.35 mi-5
£92505/240.35 miInver Road, Blackpool, Lancashire3
£1,50005/240.37 mi-4
£1,80003/250.37 mi-4
£95004/240.39 miGalway Avenue, Blackpool, Lancashire, FY23
£89505/240.4 mi-3
£89505/240.4 mi-3
£89505/240.4 mi-3
£90004/240.44 miBispham, Blackpool, FY2 9RZ3
£97504/240.44 miWarbreck Drive, Blackpool, FY2 9RZ3
£89504/240.48 miAdmiral Gardens, Bispham3
£1,30012/230.48 mi-5
£1,50002/250.51 mi-7
£1,80005/240.51 miHolmfield Road, Blackpool, Lancashire, FY27
£95002/250.51 mi-3
£4,50006/240.55 mi-3
£4,50004/240.55 miEmpress Drive, Blackpool, FY23
£79507/240.55 mi-3
£89505/240.56 miCavendish Road, FY23
£8,31004/250.56 mi-10
£8,31004/250.56 mi-10
£95002/240.57 mi-3
£97501/250.58 mi-3
£89504/240.58 miEdenvale Avenue, FY23
£1,00012/240.59 mi-3
£1,00002/250.59 mi-3
£1,10003/250.59 mi-3
£1,30001/250.6 mi-4
£96003/250.6 mi-4
£90006/240.6 miMexford Avenue, Blackpool3
£1,35001/250.6 mi-4
£1,15004/240.6 miCliff Place, Bispham5
£1,15005/240.6 mi3 Cliff Place, Bispham, Blackpool. FY2 9JT3

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £550,000

January 7, 2025

Floor Plans

Description

  • FIVE BEDROOM DETACHED PROPERTY +
  • PANORAMIC VIEWS +
  • PLANNING GRANTED FOR EXPANSION +
  • PRIVATE DRIVEWAY +
  • DOUBLE GARAGE +
  • OVER 2400 SQUARE FEET +
  • ELAVATED PLOT +

OFFERS INVITED - Discover a hidden gem nestled on a tranquil residential street, this one-of-a-kind five-bedroom detached abode awaits its transformation into a modern masterpiece - enjoying an elevated plot, maximizing panoramic views from every angle.

Set just a short stroll away from Devonshire Road Rock Gardens and backing onto the expansive Blackpool North Shore Golf Club, it presents an idyllic haven for both golfing enthusiasts and nature lovers alike.

Built with bespoke craftsmanship in 1991, this residence offers a canvas of light-filled spaces awaiting your personal touch. Step inside to find an inviting entrance hall leading to a spacious dining room and a lounge that seamlessly connect with the garden, beckoning indoor-outdoor living. The breakfast kitchen, utility room, integral double garage, office/store room, and WC complete the ground floor.

Ascend the stairs to discover a haven of possibilities. The master bedroom awaits with a walk-in wardrobe and en-suite, alongside three additional double bedrooms and a generously-sized fifth bedroom, perfect for a games room or gym.

Outside, a driveway welcomes you home, while the expansive south-facing garden promises a private sanctuary for relaxation and entertaining.

Envision the future with this unique opportunity, offering endless potential for renovation, extension, or even a complete rebuild. Planning permission is already secured for various options, providing a seamless path to your dream home. Explore the possibilities on the Blackpool Planning website, and seize this extraordinary chance to craft your vision into reality.

Agent Details

Lytham Estate Agents, Lytham

01253 835521

Next Steps?

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