4 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 2EB, £68,950

86 Cocker Street, Blackpool, FY1 2EB - 5 views - 2 months ago

Under Offer

Refurb/BRRR

ROI: 6%

98 m²

+5 photos

ValuationFair Value

Sold Prices	£70K - £450K
Sold Prices/m²	£560/m² - £4K/m²

Square Metres	98 m²
Price/m²	£704/m²
Value Estimate	£70,329£70,329

End Value (After Refurb)	£92,061£92,061
Uplift in Value	+34%+34%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£17,238£17,238
Stamp Duty & Legal Fees	£3,269£3,269
Refurb Costs	£40,043£40,043
Bridging Loan Interest	£1,810£1,810
Total Cash In	£64,109£64,109

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£92,061£92,061
Mortgage (After Refinance)	£69,045£69,045
Mortgage LTV	75%75%
Cash Released	£17,333£17,333
Cash Left In	£46,776£46,776
Equity	£23,015£23,015
Rent Range	£500 - £1,500£500 - £1,500
Rent Estimate	£814
Running Costs/mo	£470£470
Cashflow/mo	£344£344
Cashflow/yr	£4,122£4,122
ROI	6%6%
Gross Yield	14%14%

Local Sold Prices

50 sold prices from £70K to £450K, average is £170K. £560/m² to £4K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£115K	11/21	0.21 mi	63, Sherbourne Road, Blackpool FY1 2PQ	£852	135	4	Terraced House
£79K	07/21	0.23 mi	11, Hawthorn Road, Blackpool FY1 2RE	£805	98	4	Terraced House
£115K	10/21	0.25 mi	51, Sherbourne Road, Blackpool FY1 2PJ	-	-	4	Terraced House
£93K	10/21	0.3 mi	49, Elizabeth Street, Blackpool FY1 3JF	£939	99	4	Terraced House
£102K	05/23	0.37 mi	9, Sherbourne Road, Blackpool FY1 2PW	-	-	4	Terraced House
£227K	11/22	0.41 mi	7, Coopers Way, Blackpool FY1 3RJ	-	-	4	Detached House
£95K	07/23	0.48 mi	144, Adelaide Street, Blackpool FY1 4LU	-	-	4	Terraced House
£166K	12/20	0.51 mi	148, Warley Road, Blackpool FY1 2RP	£1,328	125	4	Detached House
£250K	12/22	0.54 mi	16, Leamington Road, Blackpool FY1 4EZ	£1,479	169	4	Semi-Detached House
£187K	10/20	0.56 mi	54, Seafield Road, Blackpool FY1 2LS	£1,206	155	4	Semi-Detached House
£100K	11/21	0.56 mi	17, Devonshire Road, Blackpool FY3 8DS	£893	112	4	Semi-Detached House
£210K	08/21	0.58 mi	67, Park Road, Blackpool FY1 4JQ	-	-	4	Terraced House
£167K	09/21	0.59 mi	45, Lincoln Road, Blackpool FY1 4HA	£1,128	148	4	Detached House
£155K	05/23	0.59 mi	33, Lincoln Road, Blackpool FY1 4HA	£1,183	131	4	Semi-Detached House
£98K	12/20	0.6 mi	11, South Square, Blackpool FY3 8AJ	£1,000	98	4	Terraced House
£110.1K	02/21	0.6 mi	22, Longton Road, Blackpool FY1 4HW	£770	143	4	Semi-Detached House
£143K	01/21	0.6 mi	281, Talbot Road, Blackpool FY3 7AZ	-	-	4	Semi-Detached House
£157.5K	03/21	0.67 mi	34, Newton Drive, Blackpool FY3 8BY	£880	179	4	Semi-Detached House
£132.5K	01/21	0.68 mi	15, Leeds Road, Blackpool FY1 4HQ	£789	168	4	Terraced House
£220K	04/21	0.7 mi	65, Bexley Avenue, Blackpool FY2 0TE	£2,294	96	4	Detached House
£117.7K	02/23	0.7 mi	44, Whitegate Drive, Blackpool FY3 9AL	£806	146	4	Semi-Detached House
£120K	11/20	0.71 mi	12, Collingwood Avenue, Blackpool FY3 8BZ	£754	159	4	Semi-Detached House
£210K	10/20	0.75 mi	39, Holly Road, Blackpool FY1 2SF	£1,694	124	4	Semi-Detached House
£230K	07/21	0.77 mi	172, Reads Avenue, Blackpool FY1 4JD	£947	243	4	Semi-Detached House
£200K	10/21	0.77 mi	194, Reads Avenue, Blackpool FY1 4JD	£881	227	4	Semi-Detached House
£230K	07/21	0.77 mi	172, Reads Avenue, Blackpool FY1 4JD	£947	243	4	Semi-Detached House
£124K	03/21	0.79 mi	23, Warbreck Drive, Blackpool FY2 9SZ	£832	149	4	Terraced House
£217.9K	08/21	0.79 mi	173, Warbreck Hill Road, Blackpool FY2 9UP	£1,651	132	4	Detached House
£85K	05/21	0.8 mi	229, Palatine Road, Blackpool FY1 4DX	£752	113	4	Terraced House
£175K	01/23	0.81 mi	76, Newton Drive, Blackpool FY3 8EP	£837	209	4	Semi-Detached House
£160K	05/23	0.82 mi	7, Bennett Avenue, Blackpool FY1 4DP	£1,538	104	4	Semi-Detached House
£209K	08/23	0.83 mi	19, Ridgwood Avenue, Blackpool FY3 8EL	£1,786	117	4	Terraced House
£218K	03/21	0.86 mi	12, Calder Road, Blackpool FY2 9TX	-	-	4	Semi-Detached House
£299.9K	08/21	0.86 mi	3, Calder Road, Blackpool FY2 9TX	£2,439	123	4	Semi-Detached House
£130K	12/20	0.86 mi	65, Warbreck Drive, Blackpool FY2 9RZ	£956	136	4	Terraced House
£165K	02/21	0.87 mi	17, Northumberland Avenue, Blackpool FY2 9SB	£988	167	4	Detached House
£129.9K	06/21	0.88 mi	133, Park Road, Blackpool FY1 4ET	£1,083	120	4	Semi-Detached House
£390K	08/23	0.88 mi	43, Forest Gate, Blackpool FY3 9BA	£3,951	99	4	Detached House
£200K	07/21	0.88 mi	47, Forest Gate, Blackpool FY3 9BA	£1,565	128	4	Semi-Detached House
£235K	04/21	0.88 mi	45, Forest Gate, Blackpool FY3 9BA	-	-	4	Semi-Detached House
£175K	02/21	0.88 mi	14, Cotswold Road, Blackpool FY2 0UH	£1,357	129	4	Semi-Detached House
£420K	11/20	0.89 mi	11, St Josephs Close, Blackpool FY3 8LU	£1,579	266	4	Detached House
£173K	11/21	0.93 mi	35, Kensington Road, Blackpool FY3 9DU	£1,373	126	4	Semi-Detached House
£125K	08/21	0.93 mi	3, Kensington Road, Blackpool FY3 9DU	£940	133	4	Semi-Detached House
£323K	10/20	0.93 mi	25, North Park Drive, Blackpool FY3 8LR	£1,335	242	4	Detached House
£70K	05/21	0.94 mi	30, Kent Road, Blackpool FY1 5HB	£560	125	4	Semi-Detached House
£305K	10/20	0.95 mi	15, St Clements Avenue, Blackpool FY3 8LT	£1,572	194	4	Detached House
£450K	07/22	0.95 mi	12, St Clements Avenue, Blackpool FY3 8LT	-	-	4	Detached House
£181K	07/23	0.95 mi	6, Highbury Avenue, Blackpool FY3 7DL	£1,847	98	4	Semi-Detached House
£190K	08/23	0.96 mi	88, Knowle Avenue, Blackpool FY2 9UU	£1,508	126	4	Terraced House

Local Rents

37 rents from £500/mo to £1.5K/mo, average is £800/mo.

Rent	Date	Distance	Address	Beds	Type
£500	12/24	0.04 mi	-	3	Terraced House
£850	12/24	0.06 mi	-	4	Terraced House
£825	12/24	0.11 mi	-	3	Semi-Detached House
£800	05/24	0.17 mi	Braithwaite Street, Blackpool, FY1 2HS	3	Terraced House
£775	05/24	0.21 mi	Hardman Street, Blackpool	3	Terraced House
£650	04/24	0.21 mi	Cheltenham Road, Blackpool, FY1 2PR	3	Flat
£700	04/24	0.22 mi	Hardman Street, Blackpool, Lancashire, FY1	3	Terraced House
£800	02/25	0.23 mi	-	3	Terraced House
£650	06/24	0.26 mi	-	3	Flat
£1,100	03/25	0.26 mi	-	4	Terraced House
£1,200	03/25	0.27 mi	-	3	Semi-Detached House
£1,100	02/25	0.28 mi	-	4	Terraced House
£825	04/24	0.29 mi	Chesterfield Road, Blackpool, Lancashire, FY1	3	Terraced House
£775	04/24	0.29 mi	Chesterfield Road, Blackpool	3	Terraced House
£1,250	02/25	0.29 mi	-	4	Terraced House
£725	01/25	0.33 mi	-	3	Terraced House
£725	01/25	0.33 mi	-	3	Terraced House
£750	04/24	0.4 mi	Caunce Street, Blackpool	3	Terraced House
£800	04/24	0.4 mi	Selbourne Road, Blackpool, Lancashire, FY1	3	Terraced House
£850	04/24	0.42 mi	Coopers Way, Blackpool, FY1	3	Terraced House
£700	04/24	0.42 mi	Avon Place, Blackpool, FY1 2QX	3	Terraced House
£850	04/24	0.42 mi	Devonshire Road, Blackpool, Lancashire, FY3	3	Terraced House
£700	04/24	0.43 mi	Peter Street, Blackpool, FY1 3LT	3	Terraced House
£1,200	02/25	0.43 mi	-	4	Terraced House
£850	01/25	0.44 mi	-	3	Terraced House
£725	05/24	0.48 mi	-	3	Semi-Detached House
£700	11/24	0.48 mi	-	3	Semi-Detached House
£725	04/24	0.51 mi	-	3	Terraced House
£795	09/24	0.51 mi	-	3	Terraced House
£800	05/24	0.51 mi	Manchester Road, Blackpool, FY3 8BP	3	Semi-Detached House
£900	04/24	0.52 mi	South King Street, Blackpool	3	Terraced House
£695	04/25	0.52 mi	-	3	Flat
£750	04/24	0.56 mi	Manchester Road, Blackpool, FY3 8DN	3	Terraced House
£925	03/24	0.56 mi	-	3	Semi-Detached House
£1,500	03/25	0.59 mi	-	3	Flat
£750	05/24	0.59 mi	-	3	Terraced House
£1,050	02/25	0.6 mi	-	3	Semi-Detached House

Local Area Statistics

Population in FY1	33,50533,505
Population in Blackpool	133,713133,713
Town centre distance	1.69 miles away1.69 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £68,950

January 27, 2025

Floor Plans

Description

FOUR bedrooms +
Bathroom +
TWO reception rooms +
DINING kitchen +
UPVC double glazing +
Gas central heating +
SOUTH rear +
Close to SEAFRONT +
Close to TRAIN STATION +

ATTENTION INVESTORS / DEVELOPERS - LARGE FOUR BED HOUSE

This is a mid garden terraced house which does require modernisation throughout. VERY SPACIOUS with FOUR bedrooms and a family bathroom to the first floor. TWO SEPARATE reception rooms and a DINING kitchen to the ground floor.
Conveniently within just 0.3 miles of the PROMENADE and 0.2 miles of BLACKPOOL NORTH TRAIN STATION

No onward chain.

Agent Details

McDonald, Fylde Coast

01253 835493

Next Steps?

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

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