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





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