3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1QA, £169,950

11 Wilvere Drive, Norbreck, FY5 1QA - 1 views - 3 months ago

Under Offer
Refurb/BRRR
ROI: 2%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£85K - £408K
Sold Prices/m²£1.2K/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£156,409

 

 

End Value (After Refurb)

£184,626

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£9,698

Refurb Costs

£37,686

Bridging Loan Interest

£4,461

Total Cash In

£96,082

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£184,626

Mortgage (After Refinance)

£138,470

Mortgage LTV

75%

Cash Released

£11,007

Cash Left In

£85,075

Equity

£46,157

Rent Range

£825 - £1,200

Rent Estimate

£933

Running Costs/mo

£784

Cashflow/mo

£149

Cashflow/yr

£1,793

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £85K to £408K, average is £166K. £1.2K/m² to £2.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£305K06/230.02 mi5, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£180K04/230.02 mi10, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£151.3K02/230.03 mi18, Wilvere Drive, Thornton-cleveleys, Blackpool FY5 1QA3
£170K04/230.06 mi257, Norbreck Road, Blackpool FY5 1PE3
£185K01/210.08 mi19, Norkeed Road, Thornton-cleveleys, Blackpool FY5 1QE3
£175K07/230.18 mi345, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB3
£171K12/200.18 mi8, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£225K04/230.18 mi47, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£175K04/230.19 mi3, Winsford Crescent, Thornton-cleveleys, Blackpool FY5 1PS3
£175K06/210.2 mi5, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PN3
£217K11/210.2 mi65, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£182K05/210.2 mi39, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£250K10/210.22 mi564, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PH3
£151K08/230.26 mi41, Gretna Crescent, Thornton-cleveleys, Blackpool FY5 1NX3
£135K12/220.29 mi31, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP3
£220K10/210.3 mi250, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NL3
£185K10/210.3 mi227, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RA3
£177K12/210.3 mi5, Derwent Place, Thornton-cleveleys, Blackpool FY5 3HA3
£408K06/230.31 mi418, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£266.9K06/210.31 mi444, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£123K10/210.32 mi30, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NW3
£152K03/230.33 mi162, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RD3
£165K08/230.34 mi100, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EL3
£140K10/210.37 mi2, Wingate Place, Thornton-cleveleys, Blackpool FY5 3HD3
£142.3K11/210.37 mi67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ3
£115K08/210.37 mi76, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£108K12/200.37 mi20, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£177.5K06/230.39 mi5, Lakewood Avenue, Thornton-cleveleys, Blackpool FY5 3ET3
£121K12/210.4 mi8, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£119K03/210.4 mi24, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£120K03/210.41 mi11, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1SA3
£200K07/230.41 mi41, Clovelly Avenue, Thornton-cleveleys, Blackpool FY5 1RU3
£149K04/210.41 mi101, Kirkstone Drive, Thornton-cleveleys, Blackpool FY5 1QL3
£115K04/210.41 mi2, Kelso Avenue, Thornton-cleveleys, Blackpool FY5 3EA3
£161K06/230.44 mi56, Mossom Lane, Thornton-cleveleys, Blackpool FY5 3AA3
£160K09/210.46 mi11a, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN3
£130K02/210.47 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£167K05/210.48 mi1, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£149.5K03/210.48 mi8, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£315K10/210.48 mi671, Devonshire Road, Blackpool FY2 0AE3
£160K09/210.49 mi35, Magdalen Road, Thornton-cleveleys, Blackpool FY5 3EF3
£170K09/210.49 mi3, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£185K07/230.49 mi1, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£140K06/210.49 mi20, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£135K04/210.49 mi4, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT3
£207.5K02/230.49 mi47, Luton Road, Thornton-cleveleys, Blackpool FY5 3ED3
£265K07/210.5 mi103, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1SB3
£85K02/210.5 mi14, Bleasdale Avenue, Thornton-cleveleys, Blackpool FY5 3QZ3
£115K02/210.52 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.52 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3

Local Rents

16 rents from £825/mo to £1.2K/mo, average is £898/mo.

RentDateDistanceAddressBeds 
£1,00004/240.2 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£85012/240.21 mi-3
£92504/240.21 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£90002/240.33 mi-3
£87504/250.38 mi-3
£82512/240.49 mi-3
£82505/240.49 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£87504/240.51 miWarren Grove, Thornton-Cleveleys3
£89504/240.51 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£87512/230.55 mi-3
£99504/240.56 mi-3
£99504/240.56 mi-3
£89504/240.56 mi-3
£99504/240.56 mi-3
£99504/240.56 mi-3
£1,20005/240.62 miQueensbury Road, Thornton-Cleveleys3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.49 miles away

Nearest school

0.10 miles away

Nearest train station

2.21 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £169,950

January 30, 2025

Floor Plans

Description

  • THREE bedrooms +
  • THREE reception areas +
  • FITTED kitchen almost 19ft +
  • FOUR piece bathroom +
  • Part UPVC double glazed +
  • Gas central heating +
  • Gardens +
  • GARAGE + PARKING +
  • Close to SEAFRONT +
  • 1 Mile to Town centre. +

TRADITIONAL STYLE SEMI DETACHED within just 125 YARDS OF THE PROMENADE/SEAFRONT

This is a lovely example of a traditional style, stone-bayed, semi-detached house. The property would benefit from further modernisation, but is well presented and offers SPACIOUS accommodation throughout.
In brief; a Porch, Vestibule, Hallway, Ground floor WC, Second Lounge and Breakfast area leading to the FITTED kitchen which itself is almost 19ft long. To the first floor are THREE bedrooms and a MODERN four piece bathroom.
There are gardens front and rear, a SIZEABLE GARAGE plus PARKING and a location literally a stones throw from the seafront and 1 mile from CLEVELEYS CENTRE.

No onward chain.

Agent Details

McDonald, Fylde Coast

01253 835493

Next Steps?

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