4 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 7LH, £180,000

7 Harewood Avenue, Blackpool, FY3 7LH - 4 views - 2 months ago

Refurb/BRRR
ROI: 2%
106 m²
+17 photos

ValuationUndervalued

Sold Prices£110K - £475K
Sold Prices/m²£1K/m² - £3.2K/m²

 

 

Square Metres

106 m²
Price/m²£1.7K/m²

Value Estimate

£185,400
BMV3%

 

 

End Value (After Refurb)

£177,027

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£43,300

Bridging Loan Interest

£4,725

Total Cash In

£101,375

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£177,027

Mortgage (After Refinance)

£132,770

Mortgage LTV

75%

Cash Left In

£101,375

Equity

£44,257

Rent Range

£725 - £1,100

Rent Estimate

£900

Running Costs/mo

£753

Cashflow/mo

£147

Cashflow/yr

£1,761

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £475K, average is £245K. £1K/m² to £3.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£207K12/200.08 mi506, Blackpool Old Road, Blackpool FY3 7LW4
£193K04/210.14 mi51, Greenbriar Close, Blackpool FY3 7SA4
£325K11/220.18 mi379, Blackpool Old Road, Blackpool, Lancashire FY3 7LX4
£110K11/210.19 mi62, Pilling Crescent, Blackpool FY3 7TT4
£162K08/230.2 mi395, Blackpool Old Road, Blackpool, Lancashire FY3 7LX4
£289.9K02/210.39 mi15, The Rowans, Poulton-le-fylde, Lancashire FY6 7UW4
£310K01/230.39 mi1, The Rowans, Poulton-le-fylde, Lancashire FY6 7UW4
£360K11/220.46 mi7, Kingfisher Drive, Poulton-le-fylde, Lancashire FY6 7UG4
£299K05/210.52 mi319, Blackpool Old Road, Poulton-le-fylde, Lancashire FY6 7QZ4
£225K08/230.52 mi303, Blackpool Old Road, Poulton-le-fylde, Lancashire FY6 7QZ4
£361.3K01/230.57 mi10, Dovestone Drive, Poulton-le-fylde, Lancashire FY6 7FT4
£150K07/210.58 mi10, Chelsea Avenue, Blackpool FY2 0SU4
£235K11/200.61 mi48, Coriander Close, Blackpool FY2 0WE4
£266K12/200.61 mi165, Bispham Road, Blackpool FY2 0NN4
£181K07/230.62 mi6, Highbury Avenue, Blackpool FY3 7DL4
£173K12/210.62 mi31, Salmesbury Avenue, Blackpool FY2 0PN4
£135K11/220.62 mi9, Newton Place, Blackpool, Lancashire FY3 7PT4
£195K08/210.63 mi30, Lawnswood Avenue, Poulton-le-fylde, Lancashire FY6 7ED4
£295K05/210.63 mi10, Quenby Corner, Poulton-le-fylde, Lancashire FY6 7FR4
£299.9K07/230.63 mi1, Quenby Corner, Poulton-le-fylde, Lancashire FY6 7FR4
£215K10/220.65 mi26, Normoss Avenue, Blackpool, Lancashire FY3 7PY4
£138K04/210.66 mi8, Armadale Road, Blackpool FY2 0SW4
£152K03/210.67 mi8, Hayfield Avenue, Blackpool FY2 0NJ4
£320K09/210.68 mi11, Kinder Corner, Poulton-le-fylde, Lancashire FY6 7FQ4
£195K07/210.68 mi4, Kinder Corner, Poulton-le-fylde, Lancashire FY6 7FQ4
£362K03/230.69 mi6, Adlington Avenue, Poulton-le-fylde, Lancashire FY6 7FN4
£270K02/210.69 mi10, Adlington Avenue, Poulton-le-fylde, Lancashire FY6 7FN4
£171K05/210.72 mi31, Dobson Road, Blackpool, Lancashire FY3 7SH4
£247.9K06/210.72 mi4, Thyme Close, Blackpool FY2 0WD4
£245K07/230.72 mi265, Warbreck Hill Road, Blackpool FY2 0SP4
£317K11/220.73 mi25, Tarragon Drive, Blackpool FY2 0WJ4
£175K02/210.74 mi14, Cotswold Road, Blackpool FY2 0UH4
£265K08/210.75 mi25, Chiltern Avenue, Poulton-le-fylde, Lancashire FY6 7DY4
£300K11/220.75 mi25, Chiltern Avenue, Poulton-le-fylde, Lancashire FY6 7DY4
£359.9K12/220.75 mi162, Blackpool Old Road, Poulton-le-fylde, Lancashire FY6 7RL4
£276K04/210.76 mi292, Newton Drive, Blackpool FY3 8PZ4
£475K06/220.76 mi290, Newton Drive, Blackpool FY3 8PZ4
£245K10/200.76 mi52, Tarragon Drive, Blackpool FY2 0WN4
£170K03/210.76 mi5, Hurstwood Drive, Blackpool FY2 0WU4
£215K01/210.78 mi2, Regency Gardens, Blackpool FY2 0WX4
£205K12/200.78 mi23, Regency Gardens, Blackpool FY2 0WX4
£185K03/210.78 mi21, Regency Gardens, Blackpool FY2 0WX4
£224.9K05/210.78 mi12, Regency Gardens, Blackpool FY2 0WX4
£318K08/220.78 mi15, Regency Gardens, Blackpool FY2 0WX4
£355K06/210.81 mi3, Benedict Drive, Blackpool, Lancashire FY3 0AF4
£285K09/210.82 mi12, Fennel Close, Blackpool FY2 0WA4
£232K08/220.82 mi8, Fennel Close, Blackpool FY2 0WA4
£276K12/220.82 mi5, Tarragon Drive, Blackpool FY2 0WH4
£285K03/230.85 mi18, Thornbank, Blackpool, Lancashire FY3 8QE4
£240K02/210.85 mi6, Bracken Way, Blackpool FY2 0WQ4

Local Rents

30 rents from £725/mo to £1.1K/mo, average is £925/mo.

RentDateDistanceAddressBeds 
£79504/240.23 miArgosy Avenue, Blackpool, Lancashire, FY33
£82504/240.31 miCarleton Avenue, Blackpool3
£90002/250.32 mi-3
£95004/240.34 mi-3
£95005/240.34 mi-3
£95004/240.34 miWades Court, Blackpool, FY33
£1,10004/240.39 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£82512/240.39 miThe Rowans, Poulton-Le-Fylde, Lancashire, FY63
£72502/240.4 mi-3
£89906/240.41 mi-3
£99905/240.41 miRuncorn Avenue, Blackpool, FY23
£75004/240.42 miRuncorn Avenue,Blackpool,FY23
£1,05012/240.43 mi-3
£1,05003/250.43 mi-3
£1,09903/250.48 mi-3
£82505/240.48 mi-3
£82504/240.48 miMeyler Avenue, Blackpool, FY33
£1,09903/250.49 mi-3
£1,00012/240.49 mi-3
£97501/250.49 mi-3
£95008/230.5 mi-3
£95002/240.51 mi-3
£77504/240.51 miSalmesbury Avenue, Blackpool3
£90004/240.52 mi* PLEASE TELEPHONE FOR VIEWINGS* Blackpool Old Road, Poulton-Le-Fylde3
£72504/240.53 mi-3
£77510/230.57 miEdmonton Place, Blackpool, Lancashire, FY23
£75004/240.57 miEdmonton Place, Blackpool, Lancashire, FY23
£87510/230.58 mi-3
£1,00002/250.62 mi-3
£1,10003/250.62 mi-3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £180,000

February 10, 2025

Floor Plans

Description

  • *Semi Detached Extended House +
  • *Four Bedrooms Over Three Floors +
  • *Large Rear Garden +
  • *Off Road Parking To Front +
  • *Some Internal Decorating & Modernisation Required +
  • *Available With No Onward Chain +
  • *Located Immediately Off Blackpool Old Road By Blackpool Sixth Form +

*Semi Detached Extended House *Four Bedrooms Over Three Floors *Large Rear Garden *Off Road Parking To Front *Some Internal Decorating & Modernisation Required *Available With No Onward Chain *Located Immediately Off Blackpool Old Road By Blackpool Sixth Form

Hallway - Door to front providing access from front driveway. Stairs leading to first floor landing. Access to all rooms.

Lounge - 3.80 x 3.34 (12'5" x 10'11") - UPVC double glazed bay window to front. Ceiling light and radiator.

Living Room - 3.59 x 2.89 (11'9" x 9'5") - Extended room to rear housing feature fire place. Radiator and ceiling light.

Dining Area - 3.52 x 1.83 (11'6" x 6'0") - UPVC double glazed French style patio doors to rear. Ceiling light and radiator.

Kitchen - 4.48 x 2.32 (at widest point) (14'8" x 7'7" (at wi - UPVC double glazed window to side. Range of wall and base units with complimentary worktops above. Stainless steel sink with drainer. Electric oven with gas hob and extractor above. Access through to Utility Room

Utility Room - 1.70 x 1.60 (5'6" x 5'2") - UPVC double glazed door to side and window to rear. Plumbed for washing machine and space for tumble dryer. Tiled floor and ceiling light.

First Floor Landing - UPVC double glazed window to side. Access to all first floor rooms. Stair case leading to 2nd floor. Ceiling lights.

Bedroom Two - 3.82 x 3.19 (12'6" x 10'5") - UPVC double glazed bay window to front. Ceiling light and radiator.

Bedroom Three - 2.90 x 2.46 (9'6" x 8'0") - UPVC double glazed window to rear. Ceiling light and radiator.

Bedroom Four - 1.98 x 1.88 (6'5" x 6'2") - UPVC double glazed window to front. Ceiling light and radiator.

Bathroom - 2.32 x 1.70 (7'7" x 5'6") - UPVC double glazed window to rear. Corner bath and pedestal wash hand basin. Tiled floor, towel heater and ceiling light.

Wc - 0.76 x 0.66 (2'5" x 2'1") - UPVC double glazed opaque window to side. Low flush WC. Tiled wall and floor and ceiling light

Second Floor Landing - Open stair case leading from first for landing to second floor.

Bedroom One (2nd Floor) - 3.05 x 2.66 (10'0" x 8'8") - UPVC double glazed windows to rear. Fitted low level wardrobes. Access to En-Suite. Radiator and ceiling light.

Bedroom One En-Suite - 2.38 x 1.53 (7'9" x 5'0") - UPVC double glazed opaque window to rear. Three piece bathroom suite comprising; corner shower cubicle, pedestal wash hand basin and low flush WC. Tiled wall and floors. Towel heater and ceiling lights

Front Exterior - Paved driveway to front providing parking for two vehicles. Side access to garage and rear garden

Rear Exterior - Surprisingly large rear garden with covered patio area and established lawn, plants, trees and shrubs.

Further Information - Tenure - Freehold
Council Tax Band - C - Blackpool Borough Council
EPC Rating - E

Agent Details

iMove Sales and Lettings, Poulton-Le-Fylde

01253 835949

Next Steps?

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