3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 3PA, £90,000

Beryl Avenue, Thornton-Cleveleys, FY5 3PA - 1 views - 2 months ago

Auction
Refurb/BRRR
ROI: 3%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£85K - £220K
Sold Prices/m²£1.2K/m² - £2.6K/m²

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£107,100
BMV2%

 

 

End Value (After Refurb)

£162,911

Uplift in Value

+55%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£37,686

Bridging Loan Interest

£2,363

Total Cash In

£68,648

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,911

Mortgage (After Refinance)

£122,183

Mortgage LTV

75%

Cash Released

£54,683

Cash Left In

£13,965

Equity

£40,728

Rent Range

£700 - £1,200

Rent Estimate

£916

Running Costs/mo

£712

Cashflow/mo

£204

Cashflow/yr

£2,444

ROI

4%

Gross Yield

12%

Local Sold Prices

50 sold prices from £85K to £220K, average is £139.5K. £1.2K/m² to £2.6K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£121.5K08/210.01 mi40, Beryl Avenue, Thornton-cleveleys, Blackpool FY5 3PA3
£210K03/230.05 mi18, Rochford Avenue, Thornton-cleveleys, Blackpool FY5 3PB3
£152K06/210.07 mi6, Bedale Place, Thornton-cleveleys, Blackpool FY5 3PD3
£117K07/230.09 mi380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF3
£103K10/210.09 mi2, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY3
£117.5K12/200.09 mi1, Keith Grove, Thornton-cleveleys, Blackpool FY5 3NY3
£170K04/230.09 mi91, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3PE3
£130K06/210.1 mi95, Luton Road, Thornton-cleveleys, Blackpool FY5 3QY3
£110K10/210.1 mi68, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BQ3
£192K07/230.11 mi61, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£210K03/210.11 mi67, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£125K04/210.11 mi88, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3QN3
£137K01/210.13 mi24, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BG3
£85K02/210.14 mi14, Bleasdale Avenue, Thornton-cleveleys, Blackpool FY5 3QZ3
£167K05/210.15 mi1, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£149.5K03/210.15 mi8, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£207.5K02/230.16 mi47, Luton Road, Thornton-cleveleys, Blackpool FY5 3ED3
£106K04/210.17 mi107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT3
£160K09/210.17 mi11a, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN3
£137K03/230.21 mi416, North Drive, Thornton-cleveleys, Blackpool FY5 3AR3
£180K08/210.21 mi433, North Drive, Thornton-cleveleys, Blackpool FY5 3AP3
£130K02/210.21 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£160K09/210.22 mi35, Magdalen Road, Thornton-cleveleys, Blackpool FY5 3EF3
£153K11/210.22 mi310, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£115K02/210.22 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.22 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£127K12/200.23 mi160, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3BP3
£177.5K06/230.24 mi5, Lakewood Avenue, Thornton-cleveleys, Blackpool FY5 3ET3
£142.3K11/210.25 mi67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ3
£127K06/230.26 mi18, Merlyn Road, Thornton-cleveleys, Lancashire FY5 3AZ3
£121K12/210.27 mi8, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£119K03/210.27 mi24, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£160K03/210.27 mi11, Knowle Avenue, Thornton-cleveleys, Lancashire FY5 3PW3
£200K02/230.28 mi8, Stanley Avenue, Thornton-cleveleys, Lancashire FY5 3NQ3
£157K01/210.28 mi19, Lauderdale Avenue, Thornton-cleveleys, Blackpool FY5 3JP3
£135K06/230.29 mi22, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR3
£127.5K07/210.3 mi23, St Davids Avenue, Thornton-cleveleys, Lancashire FY5 3NL3
£115K04/210.32 mi2, Kelso Avenue, Thornton-cleveleys, Blackpool FY5 3EA3
£123K10/210.32 mi30, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NW3
£153K12/200.33 mi26, Conway Avenue, Thornton-cleveleys, Blackpool FY5 3JH3
£152K01/230.33 mi18, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£135K12/220.33 mi31, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP3
£165K08/230.33 mi100, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EL3
£142K03/210.33 mi16, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£136K08/210.33 mi25, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£220K10/210.34 mi250, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NL3
£150K12/210.34 mi11, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£125K10/210.34 mi38, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£168K12/220.35 mi467, North Drive, Thornton-cleveleys, Lancashire FY5 2HR3
£217K09/210.36 mi70, Chester Avenue, Thornton-cleveleys, Lancashire FY5 2AY3

Local Rents

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

RentDateDistanceAddressBeds 
£85004/240.09 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£82505/240.13 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£82512/240.13 mi-3
£93204/240.15 mi-3
£97503/250.15 mi-3
£92704/240.15 miNorth Drive, Cleveleys, FY53
£82504/240.18 mi-3
£99504/240.26 mi-3
£99504/240.26 mi-3
£89504/240.26 mi-3
£99504/240.26 mi-3
£99504/240.26 mi-3
£90002/240.3 mi-3
£70004/240.32 miVictoria Road West3
£1,10004/240.35 miHeriot Close, Thornton-Cleveleys3
£87504/240.36 miWarren Grove, Thornton-Cleveleys3
£89504/240.36 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£87512/240.39 mi-3
£1,00004/240.44 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£1,20005/240.46 miQueensbury Road, Thornton-Cleveleys3
£80004/240.52 miElms Avenue, Thornton-Cleveleys3
£90104/240.55 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£1,00002/250.55 mi-3
£85012/240.56 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.89 miles away

Nearest school

0.20 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £90,000

February 16, 2025

Listed for £105,000

January 27, 2025

Floor Plans

Description

A three bedroom, semi detached property. Located within good distance of local amenities and good transport links, the accommodation comprises of an entrance hall, living room, dining room and a kitchen. To the first floor there are three good sized bedrooms and a bathroom. Externally to the rear there is a good sized garden. The property is in need of renovation and would be suited to an investor.Auctioneer CommentsThis property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding.A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.Referral ArrangementsThe Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will benefit you; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted, please be aware that the Auction Coordinator or Partner Agent may receive payment for the recommendation. Where this is the case, the Partner Agent & Auctioneer will inform you of any referral arrangements and any payment they will receive, prior to any services being taken by you.

Agent Details

Plumlife Move, Cheadle Hulme

0161 524 2498

Next Steps?

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