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2 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3SL, £125,000

Glenarden Avenue - Thornton Cleveleys - FY5 3SL - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+15 photos

ValuationFair Value

Sold Prices£72.5K - £305K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£125,000

 

 

End Value (After Refurb)

£132,684

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£27,600

Bridging Loan Interest

£3,281

Total Cash In

£68,831

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£132,684

Mortgage (After Refinance)

£99,513

Mortgage LTV

75%

Cash Released

£5,763

Cash Left In

£63,068

Equity

£33,171

Rent Range

£595 - £1,295

Rent Estimate

£766

Running Costs/mo

£588

Cashflow/mo

£178

Cashflow/yr

£2,138

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £72.5K to £305K, average is £148K. £1.1K/m² to £4.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£133.5K12/200.05 mi2, Rockville Avenue, Thornton-cleveleys, Blackpool FY5 3SF2
£100K04/230.07 mi46, Seabrook Drive, Thornton-cleveleys, Blackpool FY5 3SB2
£138K07/230.08 mi20, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£129.9K12/200.08 mi50, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£130K02/230.11 mi7, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£124K03/210.11 mi20, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£158K10/210.11 mi9, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BX2
£145K08/230.11 mi52, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RX2
£117K01/210.13 mi29, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RU2
£153K01/230.14 mi42, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BY2
£160K10/210.14 mi38, Broadhurst Road, Thornton-cleveleys, Blackpool FY5 3HR2
£150K08/210.16 mi17, Epsom Road, Thornton-cleveleys, Blackpool FY5 3HS2
£160K06/230.19 mi31, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SW2
£159.9K08/230.21 mi50, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£116K01/210.21 mi44, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£170K11/210.23 mi40, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BJ2
£72.5K01/230.25 mi64, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2
£149K12/200.25 mi47, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BH2
£157K02/230.29 mi8, Fir Tree Place, Thornton-cleveleys, Blackpool FY5 3DP2
£175K11/220.29 mi15, Bovington Avenue, Thornton-cleveleys, Lancashire FY5 3DW2
£145K05/230.29 mi4, Bovington Avenue, Thornton-cleveleys, Blackpool FY5 3DW2
£150K08/210.32 mi18, Bridgewater Avenue, Thornton-cleveleys, Blackpool FY5 3NA2
£196K03/230.32 mi74, Rosebank, Thornton-cleveleys, Lancashire FY5 3FL2
£147K11/220.32 mi291, North Drive, Thornton-cleveleys, Blackpool FY5 3HT2
£130K02/210.41 mi5, Radnor Avenue, Thornton-cleveleys, Lancashire FY5 3PX2
£230K06/230.46 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£139K11/200.46 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£95K01/210.48 mi33, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£185K12/200.48 mi26, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£110.5K06/230.48 mi22, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN2
£140K02/230.48 mi17, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£135K06/210.48 mi14, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£135K06/210.48 mi16, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£129.9K11/220.52 mi5, Honeysuckle Place, Bispham, Blackpool FY2 0PH2
£160K03/210.58 mi39, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP2
£134K12/200.58 mi55, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£150K01/230.59 mi33, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£150K02/230.6 mi44, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£173K11/210.6 mi297, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£178K07/210.6 mi295, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£122.5K08/230.61 mi24, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF2
£134.5K04/210.66 mi38, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR2
£192K08/230.68 mi225, Fleetwood Road South, Thornton-cleveleys, Lancashire FY5 5EA2
£195K01/230.71 mi34, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ2
£235K10/210.74 mi776, Devonshire Road, Blackpool FY2 0AG2
£305K10/220.74 mi683, Devonshire Road, Blackpool FY2 0AE2
£220K01/230.75 mi18, All Saints Road, Thornton-cleveleys, Blackpool FY5 3AL2
£230K01/230.75 mi5, Portway, Bispham, Blackpool FY2 0DF2
£145K03/230.75 mi63, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HW2
£90K12/220.77 miLowentre, 26, Beattock Place, Blackpool FY2 0EH2

Local Rents

50 rents from £595/mo to £1.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£77505/240.05 miSeabrook Drive, Thornton Cleveleys2
£75004/240.13 miEastpines Drive, Thornton-Cleveleys, FY5 3RY2
£69512/240.24 mi-2
£75004/240.26 mi-2
£65004/240.32 miRosebank, Thornton-Cleveleys, Lancashire, FY52
£69504/240.33 miRosebank, Thornton-Cleveleys2
£67501/250.56 mi-2
£82512/240.56 mi-2
£82504/240.56 miKelvin Road, Thornton-Cleveleys, FY52
£69501/250.63 mi-2
£67505/240.68 miSt. Davids Court, St. Davids Avenue, Cleveleys2
£59504/240.74 miKincraig Place, Thornton-Cleveleys, Lancashire, FY22
£77503/240.76 mi-2
£75004/240.77 miPLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys2
£82502/250.79 mi-2
£85005/240.82 miFleetwood Road North, Thornton-Cleveleys, Lancashire, FY52
£65004/240.83 mi-2
£65004/240.83 mi-2
£65004/240.83 miFleetwood Road North, Thornton-Cleveleys, FY52
£71312/240.83 mi-2
£70004/240.83 mi5 Crescent West, Cleveleys. FY5 1AB2
£75003/240.86 mi-2
£60012/240.9 mi-2
£75012/240.9 mi-2
£87504/240.91 miDevonshire Avenue, Thornton-Cleveleys, FY52
£79504/240.91 mi-2
£77502/250.93 mi-2
£69502/250.93 mi-2
£77502/250.94 mi-2
£96002/240.95 mi-2
£97510/240.95 mi-2
£85005/240.97 mi-2
£67504/240.98 miGrange Avenue, Thornton-Cleveleys2
£72504/240.98 miVictoria Road West, Thornton-Cleveleys, Lancashire, FY52
£70004/240.99 miVictoria Road East, Thornton, FY52
£67504/240.99 miVictoria Road East, Thornton-Cleveleys, Lancashire, FY52
£75004/241.03 mi-2
£1,29503/251.03 mi-2
£77504/241.03 miLongton Avenue, Thornton-Cleveleys, FY52
£86504/241.03 mi-2
£86003/251.03 mi-2
£1,25003/251.04 mi-2
£72504/241.05 mi-2
£72503/251.06 mi-2
£90004/241.06 mi-2
£85004/241.06 mi-2
£97504/241.09 mi8 Ruskin Avenue, Thornton-Cleveleys, Lancashire, FY52
£59502/241.09 mi-2
£70004/241.1 miLawsons Road, Thornton-Cleveleys, Lancashire, FY52
£65004/241.11 mi-2

Links

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.80 miles away

Nearest school

0.10 miles away

Nearest train station

2.02 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £125,000

February 3, 2025

Description

  • WORK REQUIRED THROUGHOUT - IN NEED OF A FULL RENOVATION +
  • SITUATED IN A POPULAR & CONVENIENT RESIDENTIAL LOCATION +
  • WELCOMING ENTRANCE PORCH & HALLWAY +
  • SPACIOUS LOUNGE DINER TO THE FRONT +
  • FITTED KITCHEN & REAR PORCH +
  • BATHROOM & SEPARATE WC +
  • TWO GOOD SIZE 'DOUBLE' BEDROOMS +
  • DRIVEWAY FOR OFF ROAD PARKING & GARAGE +
  • ENCLOSED REAR GARDEN +
  • CLOSE TO AMENITIES, FACILITIES & TRANSPORT ROUTES +

NO CHAIN TWO 'DOUBLE' BEDROOM SEMI-DETACHED BUNGALOW, IN NEED OF A FULL RENOVATION. SITUATED IN A POPULAR RESIDENTIAL LOCATION & COMPRISING OF A WELCOMING ENTRANCE PORCH & HALL, SPACIOUS LOUNGE DINER, FITTED KITCHEN, REAR PORCH, BATHROOM, SEPARATE WC, DRIVEWAY, GARAGE, ENCLOSED REAR GARDEN...

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

Next Steps?

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

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