2 Bed Flat, Single Let, Thornton-Cleveleys, FY5 4NB, £79,950

Briar Road, Thornton-Cleveleys, Lancashire, FY5 4NB - 3 months ago

BTL
ROI: 12%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£47K - £206.4K
Sold Prices/m²£922/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£95,940
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£5,198

Total Cash In

£25,185

 

 

Cash Out

 

Rent Range

£650 - £975

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,002

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £47K to £206.4K, average is £106.5K. £922/m² to £2.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£60K02/210.11 mi18, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£70K01/210.11 mi20, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£87.5K04/230.11 mi18, Heather Close, Thornton-cleveleys, Lancashire FY5 3NF2
£83.5K05/230.38 mi109, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HL2
£73K12/200.39 mi96, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HP2
£105K06/230.42 mi11, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£80K10/200.42 mi17, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£104K07/210.42 mi8, Fairhaven Close, Thornton-cleveleys, Lancashire FY5 5AF2
£150K07/210.79 mi10, Tennyson Avenue, Thornton-cleveleys, Lancashire FY5 2ET2
£85K10/210.86 mi12, Sanderling Close, Thornton-cleveleys, Lancashire FY5 3FN2
£94K12/200.87 mi17, Pochard Place, Thornton-cleveleys, Lancashire FY5 3FH2
£97K01/230.99 mi84a, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RZ2
£80K02/231.03 mi8, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2
£108K12/221.12 mi26, Gorse Avenue, Thornton-cleveleys, Lancashire FY5 2PJ2
£95K12/221.21 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£85K06/211.21 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£150K11/201.28 mi18, Beechwood Drive, Thornton-cleveleys, Lancashire FY5 5EH2
£57.5K10/211.32 mi22, Kincraig Place, Blackpool FY2 0NA2
£53.5K10/201.32 mi36, Kincraig Place, Blackpool FY2 0NA2
£98K09/221.32 mi35, Tennyson Drive, Bispham, Blackpool FY2 0GH2
£120K07/231.51 mi123, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£92K01/211.51 mi102, Sovereign Court, Thornton-cleveleys, Blackpool FY5 3PH2
£109K11/211.61 miFlat 7, Oakleaf Court, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2NX2
£75K06/211.64 mi44b, Beach Road, Thornton-cleveleys, Lancashire FY5 1EQ2
£71K12/201.64 mi2, Kilmory Place, Blackpool FY2 0XS2
£117.5K08/211.65 mi1, Farriers Way, Poulton-le-fylde, Lancashire FY6 7AN2
£117.5K08/211.66 mi1, Farriers Way, Poulton-le-fylde, Lancashire FY6 7AN2
£47K07/211.76 mi97f, Beach Road, Thornton-cleveleys, Lancashire FY5 1EW2
£206.4K09/221.77 mi304, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£195K10/211.78 mi309, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£199.9K06/231.78 mi313, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£179.9K12/221.78 mi207, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£120K03/211.78 mi204, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£135K11/201.78 mi202, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£149K02/211.78 mi109, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£150K02/211.78 mi1, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£130K05/211.78 mi2, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£151K10/201.78 mi103, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE2
£89.5K08/211.78 miFlat 27, Wimbledon Court, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1BE2
£175K12/221.78 miFlat 3, Grosvenor Court, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1TD2
£101K04/231.78 mi20, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£97K04/231.78 mi4, Sandy Close, Thornton-cleveleys, Lancashire FY5 1FF2
£130K10/201.88 miFlat 13, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£130K10/201.88 miFlat 17, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£117.3K11/201.88 miFlat 2, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£126K04/211.88 miFlat 32, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£195K10/211.89 mi33, Sandicroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9BP2
£175K12/201.89 mi2, East Court, Thornton-cleveleys, Lancashire FY5 1JS2
£175K12/201.89 mi1, Birchwood Drive, Hambleton, Poulton-le-fylde, Lancashire FY6 9AQ2
£92K06/231.94 miFlat 8, Alexander Court, Chapel Street, Poulton-le-fylde, Lancashire FY6 7BQ2

Local Rents

25 rents from £650/mo to £975/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70004/240.14 miLancaster Avenue, FY52
£70004/240.14 miLawsons Road, Thornton-Cleveleys, Lancashire, FY52
£79504/240.15 mi-2
£87504/240.21 miDevonshire Avenue, Thornton-Cleveleys, FY52
£70004/240.23 miVictoria Road East, Thornton, FY52
£67504/240.23 miVictoria Road East, Thornton-Cleveleys, Lancashire, FY52
£75003/240.23 mi-2
£69304/240.23 miSandwell Avenue, Thornton-Cleveleys, Lancashire, FY52
£67504/240.26 miGrange Avenue, Thornton-Cleveleys2
£85003/250.3 mi-2
£96002/240.34 mi-2
£97510/240.34 mi-2
£72504/240.34 mi-2
£77504/240.36 miLongton Avenue, Thornton-Cleveleys, FY52
£70001/250.36 mi-2
£85005/240.39 miFleetwood Road North, Thornton-Cleveleys, Lancashire, FY52
£72503/250.4 mi-2
£65012/240.4 mi-2
£65004/240.4 miTrunnah Road, Thornton-Cleveleys, Lancashire, FY52
£75004/240.4 mi-2
£69504/240.4 miFairhaven Close, Thornton-Cleveleys2
£65004/240.41 mi-2
£65004/240.41 mi-2
£65004/240.41 miFleetwood Road North, Thornton-Cleveleys, FY52
£77503/240.52 mi-2

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.48 miles away

Nearest school

0.30 miles away

Nearest train station

1.84 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £79,950

March 20, 2025

Listed for £89,950

January 8, 2025

Description

Situated in a good established residential location this spacious purpose built first floor apartment offers accommodation benefiting from 'Combi' gas central heating, complimented by UPVC double glazing and briefly comprising:- Private Entrance, Lounge, Fitted Kitchen, Two Bedrooms and Modern Wet Room. The external features small garden area to rear and private parking for two vehicles to front. The property is offered with 'Vacant Possession' to enable the arrangement of a quick completion. Internal viewing highly recommended by prior appointment with this office.
ACCOMMODATION
PRIVATE ENTRANCE:- Through UPVC double glazed exterior door, large UPVC double glazed window to side, ceramic tiled flooring, storage cupboards, staircase to first floor, double panel radiator.
LOUNGE:- 15'6"x13'0" Max Dimensions into UPVC double glazed windows to front and side, double panel radiator, telephone point, television aerial, access to Kitchen.
KITCHEN:- 9'0"x7'3" Fitted base and wall units with co-ordinating work surfaces, stainless steel single drainer sink unit with monobloc mixer tap, plumbed for automatic washing machine, gas cooker point, Vaillant 'Combi' gas central heating boiler, UPVC double glazed windows, full tiling to walls.
INNER HALL:- Access to roof space.
BEDROOM 1:- 12'0"x10'3" Max Dimensions into UPVC double glazed windows overlooking front, built in robes and top cupboards, panel radiator, telephone point, television aerial.
BEDROOM 2:- 10'8"x5'5" Into UPVC double glazed window overlooking side, panel radiator.
WET ROOM:- 7'1"x4'4" Mira shower and two piece suite in white comprising:- floating wash hand basin and low flush W.C, pane radiator, Vortice extractor fan, full tiling to walls.
EXTERNAL
GARDEN:- Small area to rear, water point.
PARKING:- Private parking to front for two vehicles.
TENURE:- We are advised by the vendor that the property is Freehold. No Service Charge payable.
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.
01/GH

Agent Details

Independent Estate Agency, Thornton Cleveleys

01253 835683

Next Steps?

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