4 Bed Terraced House, Refurb/BRRR, Blackpool, FY3 9RX, £165,000

Abbotsford Road, Blackpool, FY3 9RX - 5 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 1%
~129 m²
+15 photos

ValuationFair Value

Sold Prices£75K - £585K
Sold Prices/m²£662/m² - £4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£163,625

 

 

End Value (After Refurb)

£205,924

Uplift in Value

+21%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£52,800

Bridging Loan Interest

£4,331

Total Cash In

£106,431

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£205,924

Mortgage (After Refinance)

£154,443

Mortgage LTV

75%

Cash Released

£30,693

Cash Left In

£75,738

Equity

£51,481

Rent Range

£725 - £1,250

Rent Estimate

£888

Running Costs/mo

£841

Cashflow/mo

£47

Cashflow/yr

£563

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £585K, average is £215K. £662/m² to £4K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£75K02/230.03 mi25, Abbotsford Road, Blackpool FY3 9RX4
£215K02/230.06 mi16, Worcester Road, Blackpool FY3 9RQ4
£250K12/220.33 mi74, Lomond Avenue, Blackpool FY3 9NB4
£156K08/210.33 mi72, Lomond Avenue, Blackpool FY3 9NB4
£215K12/200.34 mi50, Beechfield Avenue, Blackpool FY3 9JH4
£190K09/210.34 mi35, Briercliffe Avenue, Blackpool FY3 9LY4
£189K06/210.38 mi4, South Park Drive, Blackpool FY3 9QA4
£357K01/210.42 mi19, Vernon Avenue, Blackpool FY3 9JF4
£192K08/210.42 mi27, Rosefinch Way, Blackpool FY3 9NX4
£279.9K11/220.42 mi1, Lark Close, Blackpool FY3 9PB4
£275K12/220.42 mi9, Lark Close, Blackpool FY3 9PB4
£185K02/230.46 mi33, Swift Close, Blackpool FY3 9PE4
£320K07/230.46 mi20, Swift Close, Blackpool FY3 9PE4
£285K01/230.46 mi18, Swift Close, Blackpool FY3 9PE4
£270K06/210.46 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.46 mi80, West Park Drive, Blackpool FY3 9HU4
£260K11/210.47 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£278K05/230.5 mi343, Whitegate Drive, Blackpool FY3 9JR4
£218.7K06/210.5 mi345, Whitegate Drive, Blackpool FY3 9JR4
£121.5K04/230.52 mi68, Newhouse Road, Blackpool FY4 4JJ4
£122.5K12/200.57 mi19, Ord Avenue, Blackpool FY4 4DW4
£100K07/230.57 mi44, Kirkham Avenue, Blackpool FY1 6RJ4
£106K12/220.58 mi26, Sedbergh Avenue, Blackpool FY4 4DF4
£327.5K11/230.6 mi12, George Avenue, Blackpool FY4 4JR4
£192.5K12/200.62 mi18, West Park Drive, Blackpool FY3 9DN4
£130K02/210.62 mi13, Westwood Avenue, Blackpool FY3 9DW4
£179.9K06/230.65 mi13, Gorse Road, Blackpool FY3 9ED4
£104K01/210.66 mi453, Waterloo Road, Blackpool FY4 4BW4
£245K01/210.69 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.69 mi145, Whitegate Drive, Blackpool FY3 9ER4
£170K06/230.7 mi57, Vicarage Lane, Blackpool FY4 4EF4
£173K11/210.7 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.7 mi3, Kensington Road, Blackpool FY3 9DU4
£173K06/230.7 mi27, Colwyn Avenue, Blackpool FY4 4EU4
£585K07/230.72 mi91a, North Park Drive, Blackpool FY3 8NH4
£390K08/230.74 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.74 mi47, Forest Gate, Blackpool FY3 9BA4
£235K04/210.74 mi45, Forest Gate, Blackpool FY3 9BA4
£305K10/200.75 mi15, St Clements Avenue, Blackpool FY3 8LT4
£450K07/220.75 mi12, St Clements Avenue, Blackpool FY3 8LT4
£399.9K06/220.75 mi16, Milton Avenue, Blackpool FY3 8LY4
£420K11/200.77 mi11, St Josephs Close, Blackpool FY3 8LU4
£255K07/230.77 mi228, Preston New Road, Blackpool FY4 4RE4
£115K12/200.78 mi3, Thirsk Grove, Blackpool FY1 5NH4
£209K08/230.8 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£320K05/210.8 mi25, Albion Avenue, Blackpool FY3 8NA4
£165K02/230.81 mi69, Greenwood Avenue, Blackpool FY1 6PR4
£365K02/210.82 mi2, Alwood Avenue, Blackpool FY3 8NG4
£355K02/210.83 mi117, North Park Drive, Blackpool FY3 8NE4
£175K01/230.84 mi76, Newton Drive, Blackpool FY3 8EP4

Local Rents

11 rents from £725/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£1,25011/240.32 mi-4
£72504/240.38 miLindsay Avenue, Blackpool3
£1,15010/230.47 miElmslie Gardens,Marton,Blackpool,FY34
£80004/240.49 miPhillip Street, Blackpool, Lancashire, FY43
£90004/240.53 miWilkinson Avenue, Blackpool3
£85004/240.58 miSedbergh Avenue, Blackpool3
£85004/240.6 mi34 Woodland Grove3
£80012/230.61 mi-3
£85005/240.62 mi-3
£79512/240.62 mi-3
£79501/250.62 mi-3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.61 miles away

Nearest school

0.40 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £165,000

March 8, 2025

Listed for £170,000

January 9, 2025

Floor Plans

Description

  • No Onward Chain +
  • Recently Renovated Throughout +
  • Brand New Kitchen With Integrated Oven, Hob, Fridge, Freezer And Dishwasher +
  • Newly Installed Modern Bathroom +
  • Fantastic Location Within Close Proximity to Stanley Park +
  • Hallway, Lounge, Kitchen, Dining Room, Conservatory +
  • 3 Bedrooms On The First Floor, 3 Piece Suite Bathroom, 4th Bedroom To The Second Floor +
  • Off Road Parking +

Nestled in a prime location close to the picturesque Stanley Park, this immaculate 4-bedroom mid-terraced house offers a blend of modern elegance and timeless charm. Boasting a recent renovation throughout, this property is a blank canvas awaiting your personal touch. The ground floor features a welcoming hallway leading to a spacious lounge, a brand new kitchen equipped with integrated appliances, a dining room, and a bright conservatory overlooking the garden. Upstairs, you will find three well-appointed bedrooms and a newly installed modern bathroom with a 3-piece suite. Ascend to the top floor to discover a generously sized fourth bedroom, providing ample space for a growing family or home office. With no onward chain, this property is ready to become your dream home.

Step outside to the outdoor space, where you will find off-road parking at the front for added convenience. The rear garden offers a peaceful retreat with a lawn and wooden decking area, perfect for al fresco dining or soaking up the sun on lazy afternoons. A brick shed provides additional storage space for all your outdoor essentials.

Don't miss the opportunity to make this stunning house your forever home, where every detail has been thoughtfully designed to cater to your modern lifestyle needs.
EPC Rating: D

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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