2 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 7BP, £97,500

Grenfell Avenue, Layton, FY3 7BP - 2 views - 2 months ago

Refurb/BRRR
ROI: 5%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£60K - £165K
Sold Prices/m²£604/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£81,077

 

 

End Value (After Refurb)

£91,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,375

Stamp Duty & Legal Fees

£4,125

Refurb Costs

£27,823

Bridging Loan Interest

£2,559

Total Cash In

£60,632

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,000

Mortgage (After Refinance)

£68,250

Mortgage LTV

75%

Cash Left In

£60,632

Equity

£22,750

Rent Range

£542 - £1,350

Rent Estimate

£693

Running Costs/mo

£443

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60K to £165K, average is £82.5K. £604/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£65K04/210.01 mi2, Grenfell Avenue, Blackpool FY3 7BP2
£82.5K03/230.01 mi25, Grenfell Avenue, Blackpool FY3 7BP2
£83K12/220.05 mi9, Huntley Avenue, Blackpool FY3 7BU2
£60K04/210.06 mi6, Jackson Street, Blackpool FY3 7BZ2
£92K06/230.06 mi18, Jackson Street, Blackpool FY3 7BZ2
£60K04/210.06 mi6, Jackson Street, Blackpool FY3 7BZ2
£97.5K02/210.07 mi12, Gisburn Grove, Blackpool FY3 7DA2
£85.8K11/210.07 mi2, Gisburn Grove, Blackpool FY3 7DA2
£70K05/230.07 mi6, Gisburn Grove, Blackpool FY3 7DA2
£90K12/220.08 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.09 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.09 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.09 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.09 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£90K10/210.1 mi49, Onslow Road, Blackpool FY3 7DF2
£80K11/200.1 mi13, Onslow Road, Blackpool FY3 7DF2
£70K11/210.1 mi15, Onslow Road, Blackpool FY3 7DF2
£72.5K02/210.11 mi7, Garrick Grove, Blackpool FY3 7DD2
£80K01/210.11 mi10, Garrick Grove, Blackpool FY3 7DD2
£67K05/230.11 mi4, Garrick Grove, Blackpool FY3 7DD2
£93K06/230.11 mi1, Garrick Grove, Blackpool FY3 7DD2
£61K11/200.11 mi2, Garrick Grove, Blackpool FY3 7DD2
£85K07/210.12 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230.12 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200.12 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210.12 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210.12 mi38, Drummond Avenue, Blackpool FY3 8EG2
£90K11/200.13 mi36, Lynwood Avenue, Blackpool FY3 7DG2
£64K02/230.15 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£80.5K12/200.15 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£85K05/210.15 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£100K02/210.15 mi24, Norwood Avenue, Blackpool FY3 7DJ2
£75K12/200.17 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£87.5K03/230.18 mi22, Melrose Avenue, Blackpool FY3 7ES2
£74K01/210.18 mi24, Melrose Avenue, Blackpool FY3 7ES2
£60K03/210.18 mi13, Melrose Avenue, Blackpool FY3 7ES2
£91K09/210.2 mi10, Brierley Avenue, Blackpool FY3 8HP2
£72K05/210.21 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.21 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.21 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£105K10/200.22 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£87.5K02/210.24 mi10, Eastwood Avenue, Blackpool FY3 7DW2
£109K11/200.25 mi17, Sussex Road, Blackpool FY3 8HW2
£165K07/220.25 mi28, Camden Road, Blackpool FY3 8HN2
£78K05/210.26 mi25, Brooklyn Avenue, Blackpool FY3 7DP2
£85K12/220.28 mi3, Camden Road, Blackpool FY3 8HN2
£130K08/210.29 mi6, Wembley Avenue, Blackpool FY3 7DU2
£62.5K10/200.3 mi1, Laburnum Street, Blackpool FY3 8RP2
£77.5K03/230.31 mi19, Healey Street, Blackpool FY3 8RW2
£153K01/230.31 mi53, Torsway Avenue, Blackpool FY3 8JZ2

Local Rents

51 rents from £542/mo to £1.4K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£64005/240.05 mi-2
£65005/240.05 mi-2
£65004/240.05 miWilford Street, Blackpool2
£62504/240.07 mi-2
£68003/250.08 mi-2
£69001/250.1 mi-2
£67504/240.13 mi-2
£80005/240.17 miRathlyn Avenue, Blackpool2
£67504/240.18 miMelrose Avenue, Blackpool, Lancashire, FY32
£65012/240.27 mi-2
£67504/240.3 miCypress Grove, Blackpool, FY3 8RR2
£65004/240.3 miLaburnum Street, Blackpool, Blackpool2
£60005/240.3 mi-2
£60002/250.3 mi-2
£62503/250.39 mi-2
£67504/240.4 miChester Road, Blackpool, Lancashire, FY32
£57512/240.4 mi-2
£62504/240.4 miChester Road, Blackpool2
£62504/240.41 mi-2
£75012/240.41 mi-2
£97504/240.44 miCourtfield Avenue, Blackpool, Lancashire, FY22
£69502/240.45 mi-2
£66503/240.46 mi-2
£66504/240.46 miCoopers Way, Blackpool, FY12
£66505/240.46 mi-2
£66504/240.46 miCoopers Way, Blackpool, FY12
£67503/250.46 mi-2
£75003/250.49 mi-2
£89504/240.51 miRaymond Avenue, Blackpool, Lancashire, FY22
£75005/240.53 mi-2
£75004/240.53 miNewton Drive, Blackpool, FY32
£77502/250.53 mi-2
£58505/240.53 mi-2
£58505/240.53 mi-2
£58506/240.53 mi-2
£54202/240.53 mi-2
£58505/240.53 miBispham Road, Blackpool, FY22
£58505/240.53 miBispham Road, Blackpool, FY22
£58506/240.53 miBispham Road, Blackpool, FY22
£60012/230.56 mi-2
£65011/240.56 mi-2
£65003/250.57 mi-2
£1,35001/240.57 mi-2
£1,35001/250.57 mi-2
£65004/240.59 miClaremont Road, Blackpool2
£60004/240.6 miChelsea Avenue, Blackpool2
£60004/240.6 miChelsea Avenue, Blackpool2
£57504/240.6 miChelsea Avenue, Blackpool2
£70012/240.6 mi-2
£63502/250.6 mi-2
£80003/250.61 mi-2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.12 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £97,500

January 22, 2025

Floor Plans

Description

Spacious two-bedroom plus impressive loft room semi-detached property, located on Grenfell Avenue in Layton, offers a fantastic opportunity for both first-time buyers and small families looking for a renovation project to make this home their own. The property is ideally situated within close proximity to a range of local amenities, shops, and excellent transport links, making it an ideal choice for those seeking convenience and comfort.

The accommodation briefly comprises an entrance hall that leads to the ground floor rooms. Spacious lounge to the front aspect, while the separate dining room offers an additional reception area The kitchen is well-equipped with ample storage and workspace.

On the first floor, there are two generously-sized double bedrooms, both offering plenty of space for furniture and storage. The three-piece bathroom suite includes a bath with an overhead shower, wash basin, and WC.

The property also benefits from a fully boarded loft room, which could serve as additional storage space or be adapted for a variety of uses, such as a home office or playroom.

To the rear, there is an enclosed private garden, offering a peaceful and secure outdoor space for relaxation or family activities.

With its convenient location, spacious living areas, and potential for further development, this property offers a wonderful opportunity for buyers. Early viewing is highly recommended to appreciate all it has to offer.

GROUND FLOOR
HALLWAY
LOUNGE
14`7`(into bay) x 13`0`(4.44m into bay x 3.97m)
UPVC double glazed bay window to front aspect, radiator.
DINING ROOM
13`0` x 11`10`(3.97m x 3.61m)
UPVC double glazed window to rear aspect, under stairs storage, radiator.
KITCHEN
12`9` x 6`10`(3.90m x 2.07m)
Fitted with a matching range of base and wall units, space for oven and extractor hood over, stainless steel sink with drainer, space for fridge freezer, UPVC double glazed window to the side aspect and door providing access to the rear garden.
FIRST FLOOR
BEDROOM ONE
13`4` x 13`0`(4.07m x 3.97m)
UPVC double glazed window to front aspect, radiator.
BEDROOM TWO
9`2` x 8`1`(2.80m x 2.47m)
UPVC double glazed window to rear aspect, storage, radiator.
LOFT ROOM
17`1` x 11`9`(5.20m x 3.58m)
Fully boarded loft room, UPVC double glazed window to the side aspect.
EXTERNAL
FRONT
Low maintenance front yard
REAR
Low maintenance mainly paved. rear garden
TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitor.

VIEWINGS
Viewings are strictly by appointment through the agents office. Please call us on .

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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