3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY1 5NJ, £155,000

Auburn Grove, Blackpool, FY1 5NJ - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~108 m²
+23 photos

ValuationOvervalued

Sold Prices£72.5K - £217.5K
Sold Prices/m²£670/m² - £2.1K/m²

 

 

Square Metres

~108.45 m²
Price/m²£1.4K/m²

Value Estimate

£123,659

 

 

End Value (After Refurb)

£136,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£9,550

Refurb Costs

£44,313

Bridging Loan Interest

£4,069

Total Cash In

£98,432

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£136,000

Mortgage (After Refinance)

£102,000

Mortgage LTV

75%

Cash Left In

£98,432

Equity

£34,000

Rent Range

£575 - £1,250

Rent Estimate

£865

Running Costs/mo

£618

Cashflow/mo

£247

Cashflow/yr

£2,964

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £72.5K to £217.5K, average is £118.8K. £670/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£127K11/220.02 mi31, Auburn Grove, Blackpool FY1 5NJ3
£120K08/210.04 mi41, Thirsk Grove, Blackpool FY1 5NH3
£136K01/230.04 mi35, Thirsk Grove, Blackpool FY1 5NH3
£119K02/230.04 mi18, Thirsk Grove, Blackpool FY1 5NH3
£145.5K06/210.08 mi9, Hartford Avenue, Blackpool FY1 6RP3
£104K11/210.08 mi170, Grasmere Road, Blackpool FY1 5NG3
£115K03/230.08 mi15, Kingsland Grove, Blackpool FY1 5NN3
£123K11/220.09 mi25, Sharow Grove, Blackpool FY1 5NE3
£99K01/210.09 mi55, Sharow Grove, Blackpool FY1 5NE3
£125K05/210.09 mi51, Boardman Avenue, Blackpool FY1 6QE3
£92.5K06/210.1 mi61, Cunliffe Road, Blackpool FY1 6RY3
£105K11/210.1 mi109, Grasmere Road, Blackpool FY1 5NQ3
£99K06/210.1 mi99, Grasmere Road, Blackpool FY1 5NQ3
£118K03/230.1 mi109, Grasmere Road, Blackpool FY1 5NQ3
£125K12/220.11 mi18, Chadfield Road, Blackpool FY1 5NS3
£123K05/210.11 mi223, Bloomfield Road, Blackpool FY1 6QG3
£95K02/210.13 mi70, Condor Grove, Blackpool FY1 5LT3
£121K06/230.14 mi224, Park Road, Blackpool FY1 6RS3
£77K11/220.14 mi28, Rose Avenue, Blackpool FY1 5NU3
£115K06/230.14 mi303, Park Road, Blackpool FY1 6RW3
£103K12/200.14 mi54, Baldwin Grove, Blackpool FY1 6QF3
£84K04/210.14 mi9, Baldwin Grove, Blackpool FY1 6QF3
£72.5K06/230.14 mi257, Park Road, Blackpool FY1 5NB3
£134K03/230.15 mi20, Stoke Avenue, Blackpool FY1 6QB3
£82K06/230.16 mi18, Cunliffe Road, Blackpool FY1 6RZ3
£93.5K01/230.16 mi21, Cunliffe Road, Blackpool FY1 6RZ3
£110K01/230.17 mi25, Boardman Avenue, Blackpool FY1 6QD3
£88K02/230.17 mi17, Bela Grove, Blackpool FY1 5PR3
£98.5K06/230.17 mi3, Marina Avenue, Blackpool FY1 6QL3
£124K12/200.17 mi52, Bela Grove, Blackpool FY1 5PR3
£124K12/200.17 mi52, Bela Grove, Blackpool FY1 5PR3
£145K07/210.18 mi321, Park Road, Blackpool FY1 6RH3
£217.5K03/230.18 mi26, St Vincent Avenue, Blackpool FY1 6RT3
£120K07/210.19 mi70, Queen Victoria Road, Blackpool FY1 5JT3
£75K12/200.19 mi26, Levens Grove, Blackpool FY1 5PP3
£114K12/200.19 mi10, Ferguson Road, Blackpool FY1 6RL3
£157K07/230.19 mi23, Ferguson Road, Blackpool FY1 6RL3
£118.5K05/210.2 mi21, Kirkham Avenue, Blackpool FY1 6RJ3
£145K04/210.2 mi22, Kirkham Avenue, Blackpool FY1 6RJ3
£192.5K04/210.21 mi24, St Ives Avenue, Blackpool FY1 5RA3
£137.5K11/200.21 mi20, St Ives Avenue, Blackpool FY1 5RA3
£210K07/230.21 mi10, St Ives Avenue, Blackpool FY1 5RA3
£125K10/210.21 mi14, Bela Grove, Blackpool FY1 5JZ3
£93K12/200.21 mi60, Queen Victoria Road, Blackpool FY1 5JX3
£135K02/230.22 mi97, Greenwood Avenue, Blackpool FY1 6PR3
£88K07/210.22 mi97, Condor Grove, Blackpool FY1 5QY3
£166K06/210.22 mi130, Condor Grove, Blackpool FY1 5QY3
£121.5K12/220.23 mi135, Ansdell Road, Blackpool FY1 6PT3
£88K07/210.23 mi5, Levens Grove, Blackpool FY1 5LA3
£95K01/210.23 mi10, Durley Road, Blackpool FY1 6LX3

Local Rents

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

RentDateDistanceAddressBeds 
£80005/240.07 miCunliffe Road, Great Marton, Blackpool, FY13
£82504/240.09 miBoardman Avenue, Blackpool, FY1 6QE3
£75004/240.09 miCunliffe Road, Blackpool, FY1 6SD3
£79504/240.17 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£95001/250.19 mi-3
£78004/240.2 mi-3
£1,10005/240.23 mi-3
£75001/250.23 mi-3
£1,10004/240.23 mi92 Grasmere Road3
£82504/240.24 miWyre Grove, Blackpool3
£85003/250.25 mi-3
£72504/240.26 miAnsdell Road, Blackpool3
£1,25004/240.26 mi-3
£1,25004/240.26 miHudson Road, Blackpool, FY13
£85005/240.27 mi-3
£95004/240.31 miHarris Avenue, FY1 6NJ3
£1,10003/250.33 mi-3
£80004/240.36 miPark Road, Blackpool, FY1 5QN3
£72504/240.39 miLindsay Avenue, Blackpool3
£1,20003/250.42 mi-3
£80005/240.43 mi28 Gloucester Avenue3
£72504/240.46 miHarrison Street, Blackpool, Lancashire, FY13
£89502/250.47 mi-3
£90004/240.48 miWilkinson Avenue, Blackpool3
£1,20012/240.5 mi-3
£95002/250.5 mi-3
£85004/240.51 mi34 Woodland Grove3
£85004/240.52 miSedbergh Avenue, Blackpool3
£77504/240.52 miErdington Road, Blackpool3
£70012/240.52 mi-3
£65004/240.54 miSedburgh Avenue, Blackpool3
£69505/240.56 mi21 Crossland Road3
£80004/240.56 miPhillip Street, Blackpool, Lancashire, FY43
£80005/240.57 mi-3
£80005/240.57 mi-3
£79504/240.57 miSt. Edmunds Road, Blackpool3
£90005/240.58 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£57501/240.58 mi-3
£85005/240.61 mi-3
£79512/240.61 mi-3
£79501/250.61 mi-3
£77504/240.61 miMarsden Road, Blackpool3
£95001/240.61 mi-3
£80004/240.62 mi16 Harley Road, Blackpool, FY3 9DY3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £155,000

February 7, 2025

Floor Plans

Description

  • Spacious Three Bedroom Semi Detached House +
  • Spacious And Modern New Kitchen +
  • Enclosed Rear Garden, Raised Decked Seating Area +
  • Great Location - Close To Promenade And Amenities +
  • Stunning NEW Bathroom +
  • Spacious Lounge With Large Bay Window +

WOW Step inside to this beautiful three bedroom semi detached home. Boasting spacious living accommodation throughout with full renovation and refurbishments done which were finished a year ago. Situated in a fantastic location on the boarder of South Shore just less than a mile from the promenade in Blackpool. A first time buyers dream home!!

This home is situated on a quiet and sought after road in a prime location with Stanley Park just a 5 minute drive away, local amenities within close proximity and excellent transport links nearby as well as highly regarded schools. 

Renovation work to include: Full re-wire (2017), fully damp proof, gas central heating, NEW Kitchen (2023), NEW Bathroom (2023), flooring throughout as well as new double glazed windows throughout and double glazed patio doors. New composite front door. 

Call us to secure your viewing!!

EPC- 

Council Tax- B

Total Living Space- 83sqm

Tenure- Freehold, to be confirmed by your legal representative.

Agent Details

Unique Estate Agency Ltd, Thornton Cleveleys

01253 835787

Next Steps?

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