3 Bed Terraced House, Refurb/BRRR, Blackpool, FY4 4BD, £45,000

Crossland Road, Blackpool, FY4 4BD - 3 views - 2 months ago

Sold STC
Leasehold
Auction
Refurb/BRRR
ROI: 6%
~93 m²
+4 photos

ValuationUndervalued

Sold Prices£53.5K - £229.9K
Sold Prices/m²£681/m² - £1.6K/m²

 

 

Square Metres

~93 m²
Price/m²£484/m²

Value Estimate

£51,500
BMV3%

 

 

End Value (After Refurb)

£116,414

Uplift in Value

+133%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,700

Refurb Costs

£38,071

Bridging Loan Interest

£1,181

Total Cash In

£54,952

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£116,414

Agent Fees (1%)

£1,164

Bridging Loan

£33,750

Bridging Loan Interest

£1,181

Flip Profit

£26,547

Local Sold Prices

50 sold prices from £53.5K to £229.9K, average is £112.5K. £681/m² to £1.6K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80.5K09/210 mi21, Crossland Road, Blackpool FY4 4BD3
£53.5K12/200 mi37, Crossland Road, Blackpool FY4 4BD3
£140K03/230.07 mi49, Morley Road, Blackpool FY4 4EP3
£229.9K03/230.08 mi4, Wanstead Crescent, Blackpool FY4 4AR3
£136K03/230.09 mi88, Vicarage Lane, Blackpool FY4 4EL3
£85K10/230.09 mi43, Arnott Road, Blackpool FY4 4ED3
£132.5K03/230.09 mi60, Arnott Road, Blackpool FY4 4ED3
£80K03/210.09 mi47, Arnott Road, Blackpool FY4 4ED3
£102K05/230.11 mi6, Ilford Road, Blackpool FY4 4EB3
£76.5K02/230.11 mi15, Terance Road, Blackpool FY4 4ER3
£125K03/230.11 mi18, Colwyn Avenue, Blackpool FY4 4ET3
£140K11/210.12 mi33, Rectory Road, Blackpool FY4 4DU3
£97K12/200.13 mi73, Ellesmere Road, Blackpool FY4 3DS3
£80K12/200.13 mi40, Rectory Road, Blackpool FY4 4DX3
£73.5K12/230.13 mi30, Rectory Road, Blackpool FY4 4DX3
£162K06/230.15 mi11, Fairway Road, Blackpool FY4 4AZ3
£170K04/210.18 mi29, Daggers Hall Lane, Blackpool FY4 4AY3
£145K01/210.18 mi17, Daggers Hall Lane, Blackpool FY4 4AY3
£130K11/230.19 mi9, Ryburn Avenue, Blackpool FY4 4DY3
£95K10/210.19 mi164, Harcourt Road, Blackpool FY4 3HN3
£90K08/210.19 mi146, Harcourt Road, Blackpool FY4 3HN3
£125K11/210.2 mi35, Colwyn Avenue, Blackpool FY4 4EU3
£150K06/230.2 mi25, Marton Drive, Blackpool FY4 3DF3
£93K06/210.22 mi151, Marsden Road, Blackpool FY4 3DT3
£115K02/210.22 mi12, Wood Park Road, Blackpool FY1 6QS3
£83.8K04/210.23 mi80, Marsden Road, Blackpool FY4 3DU3
£85K02/210.23 mi30, Brun Grove, Blackpool FY1 6PG3
£130K05/210.23 mi469, Waterloo Road, Blackpool FY4 4BW3
£161.3K01/230.24 mi311, Waterloo Road, Blackpool FY4 3AG3
£125K09/210.24 mi19, Stretton Avenue, Blackpool FY4 4AQ3
£138K03/230.24 mi14, Stretton Avenue, Blackpool FY4 4AQ3
£154K12/230.24 mi13, Angers Hill Road, Blackpool FY4 4EX3
£96K03/230.24 mi25, Sedbergh Avenue, Blackpool FY4 4DQ3
£62K02/210.25 mi23, Millington Avenue, Blackpool FY4 3HE3
£125K12/220.26 mi14, Pine Avenue, Blackpool FY1 6QY3
£149.9K11/230.28 mi25, Angers Hill Road, Blackpool FY4 4DG3
£75K12/200.28 mi53, Powell Avenue, Blackpool FY4 3HQ3
£78K03/210.28 mi61, Powell Avenue, Blackpool FY4 3HQ3
£138K04/210.28 mi4, Kirkstall Avenue, Blackpool FY1 6QU3
£149.9K05/210.28 mi9, Kirkstall Avenue, Blackpool FY1 6QU3
£95K08/210.29 mi17, Burnside Avenue, Blackpool FY4 4AF3
£73.5K10/210.29 mi85, Harcourt Road, Blackpool FY4 3HP3
£145K02/230.29 mi22, Longway, Blackpool FY4 4NJ3
£110K05/210.3 mi32, Laurel Avenue, Blackpool FY1 6QX3
£79K02/210.3 mi183, Watson Road, Blackpool FY4 3EN3
£94K09/210.31 mi7, Swindon Avenue, Blackpool FY4 3DX3
£120K08/210.31 mi156, Hawes Side Lane, Blackpool FY4 4AA3
£110K05/230.32 mi59, Loftos Avenue, Blackpool FY4 3HA3
£110K08/210.32 mi270, Watson Road, Blackpool FY4 3EG3
£115K03/230.32 mi268, Watson Road, Blackpool FY4 3EG3

Local Rents

35 rents from £575/mo to £1.3K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£69505/240.02 mi21 Crossland Road3
£70012/240.1 mi-3
£89505/240.11 miVicarage Lane, Blackpool, FY43
£89512/240.11 mi-3
£97503/250.11 mi-3
£79504/240.17 miSt. Edmunds Road, Blackpool3
£77504/240.22 miMarsden Road, Blackpool3
£90004/240.22 mi-3
£87505/240.23 mi-3
£87503/250.23 mi-3
£65004/240.23 miSedburgh Avenue, Blackpool3
£77505/240.28 miPowell Avenue, Blackpool, FY4 3HQ3
£85004/240.29 miSedbergh Avenue, Blackpool3
£75005/240.31 miHarcourt Road, Blackpool, FY4 3HW3
£95004/240.33 miHarris Avenue, FY1 6NJ3
£72504/240.34 miAnsdell Road, Blackpool3
£1,10003/250.35 mi-3
£90002/250.37 mi-3
£75004/240.38 mi-3
£75004/240.38 miDewhurst Avenue, Blackpool, FY43
£82503/250.38 mi-3
£80004/240.39 miPhillip Street, Blackpool, Lancashire, FY43
£75005/240.41 mi-3
£87011/240.41 mi-3
£57501/240.43 mi-3
£78004/240.44 mi-3
£85003/250.44 mi-3
£82504/240.48 miBoardman Avenue, Blackpool, FY1 6QE3
£65011/240.49 mi-3
£70002/240.51 miHouseman Place, Blackpool, FY4 5AE3
£1,25004/240.53 mi-3
£1,25004/240.53 miHudson Road, Blackpool, FY13
£80005/240.53 miCunliffe Road, Great Marton, Blackpool, FY13
£75001/250.55 mi-3
£75004/240.55 miCunliffe Road, Blackpool, FY1 6SD3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.47 miles away

Nearest school

0.20 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £45,000

February 16, 2025

Listed for £50,000

January 27, 2025

Floor Plans

Description

A three bedroom mid-terraced 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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