3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY4 1EJ, £150,000

18 Jesmond Avenue, Blackpool, FY1 6QF - 3 views - 2 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£82.5K - £369K
Sold Prices/m²£712/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£127,500

 

 

End Value (After Refurb)

£155,000

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£6,000

Refurb Costs

£38,071

Bridging Loan Interest

£3,938

Total Cash In

£87,258

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,000

Mortgage (After Refinance)

£116,250

Mortgage LTV

75%

Cash Released

£3,750

Cash Left In

£83,508

Equity

£38,750

Rent Range

£650 - £1,500

Rent Estimate

£879

Running Costs/mo

£680

Cashflow/mo

£199

Cashflow/yr

£2,386

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £82.5K to £369K, average is £157.5K. £712/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£187K01/230.04 mi23, Arlington Avenue, Blackpool FY4 1EL3
£172.5K01/240.04 mi15, Arlington Avenue, Blackpool FY4 1EL3
£135K03/230.06 mi74, Woodstock Gardens, Blackpool FY4 1JP3
£82.5K12/210.07 mi9, The Crescent, Blackpool FY4 1EQ3
£150K01/210.07 mi2a, The Crescent, Blackpool FY4 1EQ3
£150K11/200.08 mi26, Watson Road, Blackpool FY4 1EG3
£185K04/230.08 mi11a, Woodstock Gardens, Blackpool FY4 1JW3
£125K10/210.08 mi18, Seabourne Avenue, Blackpool FY4 1EH3
£137.5K11/220.1 mi6, Severn Road, Blackpool FY4 1EE3
£139K07/210.13 mi9, Kingsway, Blackpool FY4 2DF3
£150K08/210.16 mi88, Burlington Road, Blackpool FY4 1JR3
£102K12/200.17 mi16, Ventnor Road, Blackpool FY4 1JN3
£160K06/230.17 mi20, Ventnor Road, Blackpool FY4 1JN3
£94K04/210.17 mi30, Thames Road, Blackpool FY4 1ED3
£137K11/200.18 mi13, Princeway, Blackpool FY4 2DQ3
£165K03/210.18 mi3, Princeway, Blackpool FY4 2DQ3
£141K04/210.21 mi5, Mersey Road, Blackpool FY4 1EN3
£204K03/210.22 mi5, Second Avenue, Blackpool FY4 2EX3
£240K06/210.22 mi4, Second Avenue, Blackpool FY4 2EX3
£175K05/210.22 mi8, Second Avenue, Blackpool FY4 2EX3
£200K04/230.23 mi4, Worsley Avenue, Blackpool FY4 2DH3
£160K02/210.23 mi24, Worsley Avenue, Blackpool FY4 2DH3
£155K11/210.24 mi30, Rangeway Avenue, Blackpool FY4 2DJ3
£115K12/230.24 mi2a, Rangeway Avenue, Blackpool FY4 2DJ3
£129.9K12/200.25 mi20, Horncliffe Road, Blackpool FY4 1LN3
£117K10/200.25 mi10, Eastbourne Road, Blackpool FY4 1LG3
£200K12/220.26 mi28, Thirlmere Road, Blackpool FY4 2DA3
£275K09/220.26 mi6, Third Avenue, Blackpool FY4 2EU3
£200K09/210.27 mi56, St Lukes Road, Blackpool FY4 2EJ3
£103.5K01/210.27 mi27, Fenber Avenue, Blackpool FY4 2DL3
£214.9K12/210.28 mi41, St Lukes Road, Blackpool FY4 2EL3
£170K11/200.28 mi61, St Lukes Road, Blackpool FY4 2EL3
£144.9K05/210.28 mi57, St Lukes Road, Blackpool FY4 2EL3
£185K10/210.28 mi7, St Lukes Road, Blackpool FY4 2EL3
£148K05/230.28 mi11, Ventnor Road, Blackpool FY4 1LE3
£150K10/200.3 mi44, St Lukes Road, Blackpool FY4 2EJ3
£183K02/230.31 mi18, Bamton Avenue, Blackpool FY4 2DN3
£133K09/210.33 mi33, Bournemouth Road, Blackpool FY4 1LP3
£187.5K11/200.33 mi15, Bournemouth Road, Blackpool FY4 1LP3
£138K11/210.33 mi31, Eastbourne Road, Blackpool FY4 1LQ3
£200K05/230.33 mi90, Watson Road, Blackpool FY4 2DE3
£267K03/210.33 mi88, Arnold Avenue, Blackpool FY4 2EN3
£185K09/210.33 mi2, Wycombe Avenue, Blackpool FY4 1LU3
£122K06/210.33 mi7, Wycombe Avenue, Blackpool FY4 1LU3
£128K11/200.34 mi2, Napier Avenue, Blackpool FY4 1PA3
£369K11/220.34 mi2, Seventh Avenue, Blackpool FY4 2ED3
£163.6K11/220.34 mi52, St Martins Road, Blackpool FY4 2DY3
£184K07/230.34 mi10, Fifth Avenue, Blackpool FY4 2ES3
£155K05/230.35 mi5, Beverley Grove, Blackpool FY4 2BG3
£168K01/230.35 mi3, Beverley Grove, Blackpool FY4 2BG3

Local Rents

11 rents from £650/mo to £1.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£75004/240.02 miJesmond Avenue, Blackpool, FY4 1EJ3
£75004/240.17 miQueensway, Blackpool3
£75005/240.24 miRangeway Avenue, Blackpool3
£99504/240.29 mi-3
£99504/240.29 mi-3
£1,25004/240.37 miSt. Lukes Road, Blackpool3
£1,00004/240.38 miHarrowside, Blackpool, Lancashire, FY43
£1,50003/250.4 mi-3
£65011/240.55 mi-3
£90004/240.61 mi-3
£75005/240.61 mi-3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £150,000

March 20, 2025

Listed for £160,000

January 28, 2025

Floor Plans

Description

  • 3 Bedroom Semi-Detached House +
  • Recently Renovated Throughout In 2024 +
  • Renovations Include; New Kitchen, Boiler, Bathroom, Carpets, Radiators, Plastering Throughout +
  • No Onward Chain +
  • Entrance Vestibule, Hallway, Lounge Opening Up To The Dining Room, Kitchen With Integrated Oven & Hob +
  • 3 Bedrooms, 3 Piece Suite Bathroom +
  • Off Road Parking +
  • External Rendering To The Side Of The Property, Full Re-Wire Undertaken +

This impeccably presented 3-bedroom semi-detached house is a testament to refined modern living. Recently renovated throughout in 2024, this property boasts a fresh and contemporary feel. The comprehensive renovations bring a new level of comfort and convenience, featuring a new kitchen, boiler, bathroom, carpets, radiators, and plastering throughout. The care and attention to detail are evident in every corner, making this a turnkey solution for a lucky new homeowner. The layout includes an entrance vestibule, hallway, lounge opening up to the dining room, and a well-appointed kitchen with integrated oven and hob. Upstairs, three bedrooms offer ample space for relaxation, along with a three-piece suite bathroom.

Outside, the property continues to impress with off-road parking to the front, providing added convenience for residents and visitors alike. The rear of the property there is an enclosed garden, providing a private oasis for outdoor enjoyment. A brick outhouse stands ready with power and light, offering versatility and potential for various uses, such as a convenient utility room.

The sleek exterior shines with external rendering to the side of the property and a full re-wire has been undertaken, ensuring long-lasting quality. Offered with no onward chain, this property is ready for its next chapter to unfold.

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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