3 Bed Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1PJ, £275,000

Queens Promenade, Cleveleys, FY5 1PJ - 3 months ago

Refurb/BRRR
~146 m²
+19 photos

ValuationOvervalued

Sold Prices£85K - £305K
Sold Prices/m²£1.2K/m² - £2.8K/m²

 

 

Square Metres

~146.10 m²
Price/m²£1.9K/m²

Value Estimate

£240,816

 

 

End Value (After Refurb)

£238,487

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£59,203

Bridging Loan Interest

£7,219

Total Cash In

£153,122

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£238,487

Mortgage (After Refinance)

£178,865

Mortgage LTV

75%

Cash Left In

£153,122

Equity

£59,622

Rent Range

£700 - £1,200

Rent Estimate

£916

Running Costs/mo

£948

Cashflow/mo

£-32

Cashflow/yr

£-390

Gross Yield

4%

Local Sold Prices

50 sold prices from £85K to £305K, average is £162.5K. £1.2K/m² to £2.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£123K10/210.05 mi30, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NW3
£135K12/220.07 mi31, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP3
£115K04/210.09 mi2, Kelso Avenue, Thornton-cleveleys, Blackpool FY5 3EA3
£177.5K06/230.1 mi5, Lakewood Avenue, Thornton-cleveleys, Blackpool FY5 3ET3
£250K10/210.11 mi564, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PH3
£175K06/210.12 mi5, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PN3
£217K11/210.12 mi65, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£182K05/210.12 mi39, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£175K04/230.14 mi3, Winsford Crescent, Thornton-cleveleys, Blackpool FY5 1PS3
£160K09/210.17 mi35, Magdalen Road, Thornton-cleveleys, Blackpool FY5 3EF3
£160K09/210.18 mi11a, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN3
£142.3K11/210.19 mi67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ3
£207.5K02/230.19 mi47, Luton Road, Thornton-cleveleys, Blackpool FY5 3ED3
£175K07/230.2 mi345, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB3
£151K08/230.2 mi41, Gretna Crescent, Thornton-cleveleys, Blackpool FY5 1NX3
£220K10/210.21 mi250, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NL3
£135K06/230.25 mi22, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR3
£103K10/210.26 mi2, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY3
£117.5K12/200.26 mi1, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY3
£167K05/210.26 mi1, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£149.5K03/210.26 mi8, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£170K09/210.27 mi3, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£185K07/230.27 mi1, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£140K06/210.27 mi20, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£135K04/210.27 mi4, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£165K08/230.28 mi100, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EL3
£121K12/210.28 mi8, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£119K03/210.28 mi24, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£157K01/210.28 mi19, Lauderdale Avenue, Thornton-cleveleys, Blackpool FY5 3JP3
£85K02/210.29 mi14, Bleasdale Avenue, Thornton-cleveleys, Blackpool FY5 3QZ3
£192K07/230.31 mi61, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£210K03/210.31 mi67, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£125K04/210.31 mi88, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£305K06/230.31 mi5, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£180K04/230.31 mi10, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£130K02/210.32 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£299.9K05/230.32 mi21, Queensbury Road, Thornton-cleveleys, Blackpool FY5 1SW3
£304K05/230.32 mi6, Queensbury Road, Thornton-cleveleys, Blackpool FY5 1SW3
£210K03/230.33 mi18, Rochford Avenue, Thornton-cleveleys, Blackpool FY5 3PB3
£121.5K08/210.34 mi40, Beryl Avenue, Thornton-cleveleys, Blackpool FY5 3PA3
£153K12/200.34 mi26, Conway Avenue, Thornton-cleveleys, Blackpool FY5 3JH3
£170K04/230.34 mi257, Norbreck Road, Blackpool FY5 1PE3
£185K10/210.34 mi227, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RA3
£151.3K02/230.35 mi18, Wilvere Drive, Thornton-cleveleys, Blackpool FY5 1QA3
£171K12/200.35 mi8, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£225K04/230.35 mi47, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£177K12/210.36 mi5, Derwent Place, Thornton-cleveleys, Blackpool FY5 3HA3
£160K12/200.36 mi1, Ipswich Place, Thornton-cleveleys, Blackpool FY5 1SP3
£115K02/210.36 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.36 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3

Local Rents

22 rents from £700/mo to £1.2K/mo, average is £901/mo.

RentDateDistanceAddressBeds 
£1,00004/240.12 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£90002/240.2 mi-3
£82512/240.21 mi-3
£82505/240.21 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£99504/240.24 mi-3
£99504/240.24 mi-3
£89504/240.24 mi-3
£99504/240.24 mi-3
£99504/240.24 mi-3
£1,20005/240.33 miQueensbury Road, Thornton-Cleveleys3
£87504/250.36 mi-3
£85001/250.39 mi-3
£90104/240.39 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£85004/240.43 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£87504/240.44 miWarren Grove, Thornton-Cleveleys3
£89504/240.45 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£93204/240.45 mi-3
£97503/250.45 mi-3
£92704/240.45 miNorth Drive, Cleveleys, FY53
£82504/240.5 mi-3
£92504/240.51 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£70004/240.55 miVictoria Road West3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.24 miles away

Nearest school

0.30 miles away

Nearest train station

2.46 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £275,000

January 12, 2025

Floor Plans

Description

NO CHAINREQUIRES MODERNISATION** Spacious three bedroom detached family home for sale on Queens Promenade in Cleveleys. The property is ideally located for local shops, schools and transport links and ideally located to Cleveleys town centre. The property features stunning open views, a spacious lounge, three good size bedrooms, a double garage and a large front and side gardens. Accommodation briefly comprising; entrance porch, hallway, lounge, sitting/ dining room, kitchen, downstairs w.c, back porch, landing, three bedrooms, bathroom, separate w.c, gardens to the front and side aspect, double garage and driveway parking. CALL TO VIEW

GROUND FLOOR

ENTRANCE PORCH
Double glazed door to the front aspect and meter cupboard.

HALLWAY
UPVC double glazed door to the front and window to the side aspect, staircase to first floor, radiator, under the stairs w.c.

W.C
1.50m x 0.72m (4'11 x 2'4)
UPVC double glazed window to the side aspect, low flush w.c wand wash hand basin.

LOUNGE
4.59m x 4.11m (15'1 x 13'6)
UPVC double glazed bay window to the front aspect, featured surround fire place with gas supply and radiator.

SITTING/DINING ROOM
3.93m x 3.40m (12'11 x 11'2)
UPVC double glazed window to the side aspect, gas fire in featured surround and radiator.

KITCHEN
3.92m x 2.71m (12'10 x 8'11)
UPVC double glazed window to the side aspect. Fitted with a range of wall and base units with complimentary work surfaces, sink unit with mixer and drainer, space for cooker and fridge/freezer, storage cupboard and radiator.

BACK PORCH
6.09m x 1.42m (20'0 x 4'8)
Two UPVC double glazed doors to the side aspects, storage cupboard housing boiler and access to the garage.

LANDING
UPVC double glazed window to the side aspect and loft hatch.

BEDROOM ONE
4.60m x 3.87m (15'1 x 12'8)
UPVC double glazed bay window to the front aspect and windows to the side aspect, radiator.

BEDROOM TWO
3.91m x 3.40m (12'10 x 11'2)
UPVC double glazed window to the side aspect and radiator.

BEDROOM THREE
2.72m x 2.25m (8'11 x 7'5)
UPVC double glazed window to the front aspect and radiator.

BATHROOM
2.69m x 1.64m (8'10 x 5'5)
Double glazed window to the rear aspect, panelled bath with shower over, wash hand basin, airing cupboard and radiator.

W.C
1.70m x 0.86m (5'7 x 2'10)
UPVC double glazed window to the side aspect and low flush wc.

EXTERNAL

FRONT
Mainly laid to lawn with mature shrubs and paved path leading either side of the property.

SIDE/REAR
Laid to lawn with paved path, driveway parking for two vehicles and access to the garage.

GARAGE
6.09m x 5.50m (20'0 x 18'1)
UPVC double glazed window to the front and side aspect, up and over door, light and power.

TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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