3 Bed Detached House, Refurb/BRRR, Blackpool, FY4 3AQ, £130,000

Hall Avenue, BLACKPOOL, Lancashire, FY4 3AQ - 2 views - a month ago

Refurb/BRRR
ROI: 5%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£55K - £163K
Sold Prices/m²£611/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£113,415

 

 

End Value (After Refurb)

£125,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£38,071

Bridging Loan Interest

£3,413

Total Cash In

£80,833

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£125,000

Mortgage (After Refinance)

£93,750

Mortgage LTV

75%

Cash Left In

£80,833

Equity

£31,250

Rent Range

£575 - £1,733

Rent Estimate

£901

Running Costs/mo

£591

Cashflow/mo

£310

Cashflow/yr

£3,722

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £163K, average is £114.3K. £611/m² to £1.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£163K11/200 mi13, Hall Avenue, Blackpool FY4 3AQ3
£155K02/210.04 mi255, Waterloo Road, Blackpool FY4 3AA3
£82.5K11/210.08 mi9, Exeter Street, Blackpool FY4 3BN3
£133K11/200.09 mi50, Chislehurst Avenue, Blackpool FY4 3AR3
£155K10/210.11 mi12, Winchester Avenue, Blackpool FY4 3AJ3
£137K02/210.11 mi12, Lightwood Avenue, Blackpool FY4 2AU3
£70K12/200.11 mi76, St Annes Road, Blackpool FY4 2AS3
£110K01/210.11 mi48, St Annes Road, Blackpool FY4 2AS3
£60K06/210.11 mi81, Aintree Road, Blackpool FY4 3BD3
£120K12/200.12 mi29, Lunedale Avenue, Blackpool FY1 6LL3
£150K09/210.12 mi6, Lunedale Avenue, Blackpool FY1 6LL3
£100K03/230.12 mi30, Lunedale Avenue, Blackpool FY1 6LL3
£137K11/200.14 mi4, Scudamore Crescent, Blackpool FY4 3AT3
£121K11/210.16 mi78, Dunelt Road, Blackpool FY1 6LT3
£149K02/210.16 mi469, Central Drive, Blackpool FY1 6LB3
£123.5K04/210.17 mi4, Harlech Avenue, Blackpool FY1 6ND3
£90K11/200.17 mi4, Eaton Avenue, Blackpool FY1 6LG3
£72.5K03/210.18 mi31, Lyndhurst Avenue, Blackpool FY4 3AX3
£102K10/210.18 mi46, Hemingway, Blackpool FY4 3BS3
£100K10/210.19 mi54, Hemingway, Blackpool FY4 3BS3
£111K11/200.2 mi47, Westfield Road, Blackpool FY1 6NU3
£118K04/230.2 mi17, Westfield Road, Blackpool FY1 6NU3
£145K06/230.2 mi87, Marsden Road, Blackpool FY4 3BY3
£135K11/200.21 mi303, Waterloo Road, Blackpool FY4 3AF3
£155K11/200.22 mi350, Central Drive, Blackpool FY1 6LF3
£125K12/200.23 mi102, St Annes Road, Blackpool FY4 2BA3
£104.5K11/210.23 mi47, Shetland Road, Blackpool FY1 6LW3
£88K10/200.23 mi51, Shetland Road, Blackpool FY1 6LW3
£120K05/210.23 mi44, Shetland Road, Blackpool FY1 6LW3
£103K02/230.23 mi35, Shetland Road, Blackpool FY1 6LW3
£95K11/200.23 mi41, Shetland Road, Blackpool FY1 6LW3
£117.5K03/230.23 mi32, Shetland Road, Blackpool FY1 6LW3
£150K12/220.23 mi46, Shetland Road, Blackpool FY1 6LW3
£85K11/210.28 mi78, Ansdell Road, Blackpool FY1 6PZ3
£97.5K12/200.28 mi20, Dunelt Road, Blackpool FY1 6LS3
£135K06/230.28 mi44, Dunelt Road, Blackpool FY1 6LS3
£83K08/210.28 mi11, Hudson Road, Blackpool FY1 6LY3
£85K11/200.28 mi38, Hudson Road, Blackpool FY1 6LY3
£120K09/210.28 mi1, Hudson Road, Blackpool FY1 6LY3
£95K02/210.29 mi17, Nuttall Road, Blackpool FY1 6NT3
£80K11/200.29 mi63, Westfield Road, Blackpool FY1 6NX3
£55K02/210.29 mi70, Westfield Road, Blackpool FY1 6NX3
£161.3K01/230.29 mi311, Waterloo Road, Blackpool FY4 3AG3
£140K07/230.3 mi36, Harris Avenue, Blackpool FY1 6NJ3
£97.5K09/210.3 mi7, Maudland Road, Blackpool FY1 6JQ3
£77.5K12/200.31 mi20, Hilton Avenue, Blackpool FY1 6HF3
£94K09/210.31 mi7, Swindon Avenue, Blackpool FY4 3DX3
£150K06/230.31 mi25, Marton Drive, Blackpool FY4 3DF3
£122K10/210.32 mi9, Falmouth Road, Blackpool FY1 6LH3
£103K03/230.32 mi110, Ansdell Road, Blackpool FY1 6PZ3

Local Rents

47 rents from £575/mo to £1.7K/mo, average is £870/mo.

RentDateDistanceAddressBeds 
£57501/240.11 mi-3
£87011/240.2 mi-3
£1,20012/240.21 mi-3
£95002/250.21 mi-3
£89502/250.21 mi-3
£65011/240.22 mi-3
£1,10003/250.26 mi-3
£1,25004/240.29 miHudson Road, Blackpool, FY13
£1,25004/240.29 mi-3
£85003/250.3 mi-3
£95004/240.3 miHarris Avenue, FY1 6NJ3
£75005/240.32 mi-3
£82503/250.33 mi-3
£75001/250.33 mi-3
£75005/240.34 miHarcourt Road, Blackpool, FY4 3HW3
£77504/240.34 miMarsden Road, Blackpool3
£72504/240.34 miAnsdell Road, Blackpool3
£90002/250.35 mi-3
£78004/240.35 mi-3
£1,00012/240.39 mi-3
£77505/240.4 miPowell Avenue, Blackpool, FY4 3HQ3
£95005/240.4 mi-3
£95005/240.4 miHaig Road, Blackpool, FY13
£70012/240.41 mi-3
£90001/250.44 mi-3
£65005/240.44 miShaw Road, Blackpool3
£79504/240.46 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£99504/240.46 mi-3
£99504/240.46 mi-3
£87505/240.48 mi-3
£87503/250.48 mi-3
£82504/240.49 miBoardman Avenue, Blackpool, FY1 6QE3
£1,50002/250.51 mi-3
£75005/240.52 miRangeway Avenue, Blackpool3
£69505/240.52 mi21 Crossland Road3
£75004/240.53 mi-3
£75004/240.53 miDewhurst Avenue, Blackpool, FY43
£1,73302/250.55 mi-3
£75004/240.56 miQueensway, Blackpool3
£1,10004/240.57 mi92 Grasmere Road3
£80005/240.58 miCunliffe Road, Great Marton, Blackpool, FY13
£1,10005/240.58 mi-3
£75004/240.61 miCunliffe Road, Blackpool, FY1 6SD3
£89505/240.61 miVicarage Lane, Blackpool, FY43
£89512/240.61 mi-3
£97503/250.61 mi-3
£82504/240.62 miWyre Grove, Blackpool3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.80 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £130,000

February 18, 2025

Floor Plans

Description

  • FANTASTIC THREE BEDROOM DETACHED HOME WITH LOFT ROOM +
  • SPACIOUS LOUNGE AND DINING ROOM +
  • THREE BEDROOMS AND LOFT ROOM +
  • OFFERING NO ONWARD CHAIN +
  • BRILLIANT RENOVATION PURCHASE +
  • PLEASE CALL THE OFFICE NOW! +

Fantastic opportunity to purchase this spacious three bedroom detached home with loft room offering no onward chain! This home boasts a wealth of potential for those looking to create their ideal family home, in need of renovation, the property boasts ample living space, including a versatile loft room.

The ground floor features a large living area, separate dining room and kitchen with access to the garden. To the first floor, three well-proportioned bedrooms provide plenty of space, complemented by a family bathroom. The loft room offers further flexibility to suit your needs.

Externally, the property benefits from a rear yard and is located in a desirable area close to local amenities, schools and transport links.

A fantastic opportunity not to be missed - book your viewing today!

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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