3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1EU, £115,000

Manor Drive, Thornton-cleveleys, FY5 1EU - 5 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²

ValuationFair Value

Sold Prices£82.5K - £438.2K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£115,000

 

 

End Value (After Refurb)

£186,164

Uplift in Value

+62%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,650

Refurb Costs

£37,686

Bridging Loan Interest

£3,019

Total Cash In

£75,854

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£186,164

Agent Fees (1%)

£1,862

Bridging Loan

£86,250

Bridging Loan Interest

£3,019

Flip Profit

£22,198

Local Sold Prices

50 sold prices from £82.5K to £438.2K, average is £172.5K. £1.1K/m² to £4.5K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£115K06/210.02 mi23, Manor Drive, Thornton-cleveleys, Lancashire FY5 1ET3
£103K07/210.12 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£182K03/210.12 mi23, Beachcomber Drive, Thornton-cleveleys, Lancashire FY5 1FD3
£220K03/230.13 mi3, Ocean Way, Thornton-cleveleys, Lancashire FY5 1FE3
£126K07/230.14 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£82.5K01/230.16 mi9, Clegg Avenue, Thornton-cleveleys, Lancashire FY5 1BJ3
£177.5K02/230.17 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£124K12/200.18 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£204.9K01/230.2 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£120K06/210.2 mi51, Nutter Road, Thornton-cleveleys, Lancashire FY5 1BQ3
£130K04/230.22 mi4, Slinger Road, Thornton-cleveleys, Lancashire FY5 1BN3
£175K12/200.22 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£283K07/230.23 mi26, North Promenade, Thornton-cleveleys, Lancashire FY5 1DW3
£164K05/210.24 mi11, Crossway, Thornton-cleveleys, Lancashire FY5 1LA3
£120K11/210.24 mi79, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£319.9K09/210.24 mi37, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£229.9K03/210.27 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£285K02/230.27 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£133K02/210.28 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£200K05/230.29 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£405K02/230.29 mi23, Queens Walk, Thornton-cleveleys, Lancashire FY5 1JU3
£385K01/210.29 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£169K08/230.3 mi9, South Avenue, Thornton-cleveleys, Lancashire FY5 1JY3
£184K12/200.3 mi84, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£186K08/210.3 mi82, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£438.2K02/230.31 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.31 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£170K07/230.31 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£197K03/210.32 mi30, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2AZ3
£110K02/230.33 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£160K04/230.33 mi14, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£187.5K03/230.33 mi6, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£130K10/210.35 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.35 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£163K07/230.35 mi43, Penrith Avenue, Thornton-cleveleys, Lancashire FY5 2NA3
£90K11/200.38 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£300.6K07/230.4 mi23, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£122K02/210.4 mi22, Richmond Avenue, Thornton-cleveleys, Lancashire FY5 2BP3
£258K07/230.4 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£86.5K04/210.4 mi10, Tebay Avenue, Thornton-cleveleys, Lancashire FY5 2NB3
£135K12/220.4 mi52, Green Drive, Thornton-cleveleys, Lancashire FY5 1LQ3
£220K07/210.41 mi559, North Drive, Thornton-cleveleys, Lancashire FY5 2PD3
£190K06/230.41 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.41 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£125K12/200.42 mi17, Green Drive, Thornton-cleveleys, Lancashire FY5 1LH3
£155K12/210.44 mi24, Ellerbeck Road, Thornton-cleveleys, Lancashire FY5 1DH3
£190K12/210.44 mi3, Ramper Gate, Thornton-cleveleys, Lancashire FY5 2AU3
£147.5K06/210.47 mi12, Crescent Avenue, Thornton-cleveleys, Lancashire FY5 3JE3
£150K12/210.47 mi11, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3
£125K10/210.47 mi38, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ3

Local Rents

15 rents from £700/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£75804/240.22 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£82504/240.24 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.24 miCumberland Avenue, Thornton-Cleveleys3
£1,00003/250.27 mi-3
£90005/240.29 mi-3
£97504/240.3 miStockdove Way, Thornton-Cleveleys3
£99504/240.3 miRossall Road, Thornton Cleveleys3
£85004/240.42 mi-3
£80004/240.42 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£90001/250.43 mi-3
£80004/240.49 miElms Avenue, Thornton-Cleveleys3
£90104/240.53 miAlconbury Crescent, Thornton-Cleveleys, Lancashire, FY53
£70004/240.53 miVictoria Road West3
£1,20005/240.54 miQueensbury Road, Thornton-Cleveleys3
£1,10008/230.57 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.18 miles away

Nearest school

0.90 miles away

Nearest train station

3.14 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £115,000

February 12, 2025

Floor Plans

Description

  • NO CHAIN, IN NEED OF UPDATING +
  • An Extended Three Bedroom Semi Detached House +
  • Entrance Hallway, Bright Lounge +
  • Kitchen Opening Onto A Dining Area +
  • Conservatory, Three Generously Sized Bedrooms +
  • Three Piece Bathroom, Enclosed Gardens Front & Rear +

Entrance Hallway - A double glazed window to the rear, laminate flooring, radiator and stairs to the first floor. Lounge 5.00m (into bay) x 3.63m - A double glazed bay window to the front, laminate flooring, radiator and a feature living flame gas fire. Dining Area 4.66m x 2.25m  - Vinyl flooring, radiator, cupboard housing boiler and a radiator. Opening into; Conservatory - 2.30m x 2.24m - Double glazed windows to the side and the rear with sliding doors to the side giving access to the rear garden. Vinyl flooring. Kitchen 2.15m x 3.61m - A range of wall and base units with complimentary work surfaces over, inset sink unit with mixer tap and drainer, plumbing for washing machine and space for dryer and a fridge freezer, tiled flooring and a double glazed window and door to the rear. Landing - A double glazed window to side, fitted carpet, radiator and loft access. Bedroom One 3.06m x 3.73m - A double glazed window to the front, laminate flooring and a radiator. Bedroom Two 3.29m x 3.71m - A double glazed window to the rear, fitted carpet and a radiator.  Bedroom Three 2.16m x 2.41m - A double glazed window to the front, fitted carpet and a radiator.  Bathroom - A three piece suite comprising of a low flush WC, pedestal wash hand basin, and a panelled bath with electric shower over. A double glazed opaque window to the rear, vinyl flooring and a heated chrome towel radiator.  Exterior Front - A mature hedge encloses the home nicely whilst a concrete path leads to the front door and a shared driveway gives access to the rear garden. Exterior Rear - A nice sized rear garden is on offer and briefly comprises of a patio area leading to a laid to lawn area. Open aspects are on offer over looking the school fields. EPC Grade: Awaiting Council Tax Band: B Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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