3 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 2PU, £105,000

33 Clifford Road, Blackpool, FY1 2PU - 2 months ago

Refurb/BRRR
ROI: 5%
73 m²
+8 photos

ValuationOvervalued

Sold Prices£38K - £245K
Sold Prices/m²£522/m² - £2.3K/m²

 

 

Square Metres

73 m²
Price/m²£1.4K/m²

Value Estimate

£67,123

 

 

End Value (After Refurb)

£94,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Refurb Costs

£29,828

Bridging Loan Interest

£2,756

Total Cash In

£67,034

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£94,000

Mortgage (After Refinance)

£70,500

Mortgage LTV

75%

Cash Left In

£67,034

Equity

£23,500

Rent Range

£500 - £1,200

Rent Estimate

£769

Running Costs/mo

£468

Cashflow/mo

£301

Cashflow/yr

£3,617

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £38K to £245K, average is £98.5K. £522/m² to £2.3K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£135K01/230.01 mi39, Clifford Road, Blackpool FY1 2PU3
£72.5K04/210.02 mi46, Clifford Road, Blackpool FY1 2PU3
£92K02/230.06 mi96, Sherbourne Road, Blackpool FY1 2PG3
£84K08/210.06 mi79, Sherbourne Road, Blackpool FY1 2PG3
£67K05/210.07 mi57, Sherbourne Road, Blackpool FY1 2PQ3
£73.5K03/230.11 mi30, Cross Street, Blackpool FY1 2EA3
£59K03/210.13 mi45a, Handsworth Road, Blackpool FY1 2RQ3
£92K06/230.14 mi84, Cocker Street, Blackpool FY1 2EB3
£75K07/210.14 mi33, Eaves Street, Blackpool FY1 2NH3
£70K02/230.16 mi23, Braithwaite Street, Blackpool FY1 2HS3
£99K10/210.17 mi23, Claremont Road, Blackpool FY1 2QF3
£70K11/200.19 mi1, Grantham Road, Blackpool FY1 2RF3
£76K05/210.23 mi73, High Street, Blackpool FY1 2BP3
£111.5K12/210.24 mi10, St Pauls Road, Blackpool FY1 2NY3
£38K03/210.27 mi306, Talbot Road, Blackpool FY1 3QS3
£50.5K03/210.3 mi46, Sutherland Road, Blackpool FY1 2QT3
£120K03/210.3 mi151, Warley Road, Blackpool FY1 2RW3
£149.9K06/210.3 mi139, Warley Road, Blackpool FY1 2RW3
£138K10/200.3 mi159, Warley Road, Blackpool FY1 2RW3
£64K03/210.32 mi45, Gorton Street, Blackpool FY1 3HP3
£64K03/210.32 mi45, Gorton Street, Blackpool FY1 3HP3
£108.5K02/210.32 mi46, Westminster Road, Blackpool FY1 2RN3
£85K07/210.33 mi26, Boothley Road, Blackpool FY1 3RS3
£107.5K03/230.34 mi32, Victory Road, Blackpool FY1 3JT3
£96K06/210.34 mi11, Leckhampton Road, Blackpool FY1 2NB3
£91K07/210.34 mi6, Leckhampton Road, Blackpool FY1 2NB3
£104K10/200.34 mi16, Leckhampton Road, Blackpool FY1 2NB3
£164.9K10/200.35 mi34, Lichfield Road, Blackpool FY1 2RS3
£138K01/230.35 mi25, Coopers Way, Blackpool FY1 3RJ3
£72K10/210.35 mi8, Fairhurst Street, Blackpool FY1 3HS3
£98K11/210.36 mi19, Catterall Close, Blackpool FY1 3RB3
£72.5K03/230.37 mi20, Leavesley Road, Blackpool FY1 2QP3
£90K06/210.37 mi4, Leavesley Road, Blackpool FY1 2QP3
£155K02/210.37 mi140, Warley Road, Blackpool FY1 2RP3
£170K03/230.37 mi174, Warley Road, Blackpool FY1 2RP3
£125K05/210.37 mi156, Warley Road, Blackpool FY1 2RP3
£170K07/230.37 mi146, Warley Road, Blackpool FY1 2RP3
£97K05/210.37 mi45, Ormond Avenue, Blackpool FY1 2LW3
£245K12/210.37 mi134, Warley Road, Blackpool FY1 2RP3
£75K03/210.38 mi9, Fenton Road, Blackpool FY1 3RT3
£113K02/230.38 mi31, Fenton Road, Blackpool FY1 3RT3
£130K04/210.38 mi26, Redcar Road, Blackpool FY1 2LR3
£125K05/210.38 mi16, Redcar Road, Blackpool FY1 2LR3
£99.5K03/230.38 mi29, Redcar Road, Blackpool FY1 2LR3
£127.5K11/200.38 mi200, Devonshire Road, Blackpool FY3 7AA3
£148.7K06/210.38 mi193, Devonshire Road, Blackpool FY3 7AA3
£137K02/230.38 mi169, Devonshire Road, Blackpool FY3 7AA3
£135K03/230.38 mi197, Devonshire Road, Blackpool FY3 7AA3
£70K11/200.39 mi35, Fisher Street, Blackpool FY1 3HX3
£115K01/230.4 mi1, Newman Road, Blackpool FY1 2QN3

Local Rents

26 rents from £500/mo to £1.2K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£65004/240.07 miCheltenham Road, Blackpool, FY1 2PR3
£82512/240.13 mi-3
£82504/240.14 miChesterfield Road, Blackpool, Lancashire, FY13
£77504/240.14 miChesterfield Road, Blackpool3
£80005/240.16 miBraithwaite Street, Blackpool, FY1 2HS3
£50012/240.17 mi-3
£80002/250.22 mi-3
£77505/240.28 miHardman Street, Blackpool3
£70004/240.29 miHardman Street, Blackpool, Lancashire, FY13
£70004/240.31 miAvon Place, Blackpool, FY1 2QX3
£85004/240.35 miCoopers Way, Blackpool, FY13
£72504/240.36 mi-3
£79509/240.36 mi-3
£72505/240.36 mi-3
£70011/240.36 mi-3
£85004/240.38 miDevonshire Road, Blackpool, Lancashire, FY33
£1,20003/250.39 mi-3
£65006/240.39 mi-3
£72501/250.42 mi-3
£72501/250.42 mi-3
£80004/240.48 miSelbourne Road, Blackpool, Lancashire, FY13
£75004/240.52 miCaunce Street, Blackpool3
£79507/240.54 mi-3
£85001/250.55 mi-3
£70004/240.57 miPeter Street, Blackpool, FY1 3LT3
£80005/240.59 miManchester Road, Blackpool, FY3 8BP3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £105,000

February 7, 2025

Floor Plans

Description

  • 2x two bedroom flats +
  • Ideal buy-to-let opportunity +
  • No chain delay +
  • Located in North Shore +
  • Fantastic room sizes +

We have received an offer of £103,000. Any increased offers are to be received within 5 days of this publication at the above agents.

INVESTORS / LANDLORDS
Spacious terraced house converted into 2x two bedroomed, self contained flats!!

Presenting an excellent opportunity, this terraced property has been converted into two self-contained, two-bedroom flats - ideal for a buy-to-let investment.

The ground-floor flat is in need of some updating throughout, but is a fantastic size. With two generous bedrooms, a spacious living area plus bathroom.

The first-floor flat is in a more comfortable condition, also offering two good-sized bedrooms, a well-sized living room, kitchen, bathroom plus additional separate W/C.

Located in North Shore, Blackpool, this property benefits from its proximity to local amenities, transport links, and the beach, making it an attractive option for tenants.

Agent Details

McDonald, Fylde Coast

01253 835493

Next Steps?

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