2 Bed Semi-Detached House, Cash/Bridging Only, Blackpool, FY2 0SS, £105,000

Warley Road, Blackpool, FY2 0SS - 3 views - 2 months ago

Cash
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£60K - £214K
Sold Prices/m²£797/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£83,124

 

 

End Value (After Refurb)

£100,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,350

Refurb Costs

£27,830

Bridging Loan Interest

£2,756

Total Cash In

£62,937

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,750

Mortgage (After Refinance)

£75,563

Mortgage LTV

75%

Cash Left In

£62,937

Equity

£25,188

Rent Range

£542 - £975

Rent Estimate

£660

Running Costs/mo

£467

Cashflow/mo

£193

Cashflow/yr

£2,318

ROI

4%

Gross Yield

8%

Local Sold Prices

51 sold prices from £60K to £214K, average is £92K. £797/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£115K01/230.05 mi414, Warley Road, Blackpool FY2 0SS2
£165K02/230.07 mi290, Warley Road, Blackpool FY2 0UJ2
£112K11/200.1 mi27, Armadale Road, Blackpool FY2 0SW2
£123K07/210.14 mi31, Benson Road, Blackpool FY3 7HP2
£125K01/230.15 mi282, Warley Road, Blackpool FY2 0UG2
£85K12/200.16 mi18, Leaford Avenue, Blackpool FY3 7JB2
£92.5K11/210.16 mi17, Leaford Avenue, Blackpool FY3 7JB2
£87.5K07/230.16 mi5, Leaford Avenue, Blackpool FY3 7JB2
£87.5K07/230.16 mi5, Leaford Avenue, Blackpool FY3 7JB2
£105K12/220.18 mi7, Oregon Avenue, Blackpool FY3 7JU2
£207.5K12/220.18 mi164, Warbreck Hill Road, Blackpool FY2 0SL2
£100K09/210.2 mi81, Mansfield Road, Blackpool FY3 7HZ2
£94K12/220.2 mi91, Mansfield Road, Blackpool FY3 7HZ2
£72K04/210.22 mi31, Oregon Avenue, Blackpool FY3 7JU2
£214K12/200.23 mi9, Hilstone Lane, Blackpool FY2 0SJ2
£130K09/210.24 mi26, Poulton Road, Blackpool FY3 7DT2
£97.3K12/200.25 mi35, Raymond Avenue, Blackpool FY2 0TY2
£130K08/210.26 mi6, Wembley Avenue, Blackpool FY3 7DU2
£110K12/200.26 mi3, Blackfen Place, Blackpool FY2 0XG2
£78.5K02/210.27 mi209, Warley Road, Blackpool FY2 0UL2
£103.5K04/210.27 mi221, Warley Road, Blackpool FY2 0UL2
£116K03/210.28 mi87, Bexley Avenue, Blackpool FY2 0TE2
£78K05/210.29 mi25, Brooklyn Avenue, Blackpool FY3 7DP2
£85K03/210.31 mi222, Warley Road, Blackpool FY2 0UD2
£125.5K03/230.31 mi37, Meyler Avenue, Blackpool FY3 7DX2
£137K04/230.32 mi1, Hurstwood Drive, Blackpool FY2 0WU2
£110K12/210.32 mi28, Courtfield Avenue, Blackpool FY2 0UN2
£87.5K02/210.35 mi10, Eastwood Avenue, Blackpool FY3 7DW2
£100K02/210.36 mi24, Norwood Avenue, Blackpool FY3 7DJ2
£90K11/200.4 mi36, Lynwood Avenue, Blackpool FY3 7DG2
£142K12/220.42 mi24, Holly Road, Blackpool FY1 2SF2
£74K01/210.43 mi24, Melrose Avenue, Blackpool FY3 7ES2
£60K03/210.43 mi13, Melrose Avenue, Blackpool FY3 7ES2
£87.5K03/230.43 mi22, Melrose Avenue, Blackpool FY3 7ES2
£80K11/200.43 mi13, Onslow Road, Blackpool FY3 7DF2
£70K11/210.43 mi15, Onslow Road, Blackpool FY3 7DF2
£90K10/210.43 mi49, Onslow Road, Blackpool FY3 7DF2
£145K03/210.45 mi12, Poulton Old Road, Blackpool FY3 7LB2
£83K12/220.45 mi9, Huntley Avenue, Blackpool FY3 7BU2
£60K04/210.48 mi6, Jackson Street, Blackpool FY3 7BZ2
£60K04/210.48 mi6, Jackson Street, Blackpool FY3 7BZ2
£92K06/230.48 mi18, Jackson Street, Blackpool FY3 7BZ2
£80K01/210.49 mi10, Garrick Grove, Blackpool FY3 7DD2
£72.5K02/210.49 mi7, Garrick Grove, Blackpool FY3 7DD2
£67K05/230.49 mi4, Garrick Grove, Blackpool FY3 7DD2
£93K06/230.49 mi1, Garrick Grove, Blackpool FY3 7DD2
£61K11/200.49 mi2, Garrick Grove, Blackpool FY3 7DD2
£132K01/210.49 mi145, Poulton Road, Blackpool FY3 7JJ2
£65K04/210.5 mi2, Grenfell Avenue, Blackpool FY3 7BP2
£82.5K03/230.5 mi25, Grenfell Avenue, Blackpool FY3 7BP2
£77K12/200.51 mi10, Leavesley Road, Blackpool FY1 2QP2

Local Rents

36 rents from £542/mo to £975/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£54202/240.11 mi-2
£58505/240.11 miBispham Road, Blackpool, FY22
£58505/240.11 miBispham Road, Blackpool, FY22
£58506/240.11 miBispham Road, Blackpool, FY22
£58505/240.11 mi-2
£58505/240.11 mi-2
£58506/240.11 mi-2
£65003/250.11 mi-2
£60012/230.13 mi-2
£60004/240.13 miChelsea Avenue, Blackpool2
£60004/240.13 miChelsea Avenue, Blackpool2
£57504/240.13 miChelsea Avenue, Blackpool2
£65004/250.13 mi-2
£89504/240.26 miRaymond Avenue, Blackpool, Lancashire, FY22
£82505/240.29 miGoodwood Avenue, Blackpool, Lancashire, FY22
£97504/240.31 miCourtfield Avenue, Blackpool, Lancashire, FY22
£60004/240.32 miHolyoake Avenue, Blackpool, Lancashire, FY22
£75005/240.32 miHurstwood Drive, Bispham, FY2 0WU2
£67504/240.43 miMelrose Avenue, Blackpool, Lancashire, FY32
£64005/240.45 mi-2
£65005/240.45 mi-2
£65004/240.47 miWilford Street, Blackpool2
£62504/240.47 mi-2
£70004/240.53 miArdmore Road, Blackpool, Lancashire, FY22
£65004/240.53 miClaremont Road, Blackpool2
£60004/240.54 miParbold Close, Mowbray Drive2
£68003/250.56 mi-2
£80003/250.56 mi-2
£69502/240.57 mi-2
£69001/250.57 mi-2
£66503/240.58 mi-2
£66505/240.58 mi-2
£67503/250.58 mi-2
£66504/240.58 miCoopers Way, Blackpool, FY12
£66504/240.58 miCoopers Way, Blackpool, FY12
£67504/240.62 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

1.56 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £105,000

February 18, 2025

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • INVESTORS Two Bedroom Semi Detached House +
  • Good Size Lounge, Fitted Kitchen, Two Bathrooms +
  • Two Double Bedrooms, Driveway, Spacious Rear Garden +
  • Great Location, Close To Local Shops, Schools & Transport Links +

We are pleased to present to the market this two bedroom semi detached property, located in a popular area of Blackpool.

Internally the accommodation comprises a spacious lounge, which leads into a fitted kitchen and there is a ground floor bathroom.
Stairs lead to the first floor, with two bedrooms, and a bathroom.

Externally is a driveway with access to the rear garden which is a good size.

Please Note: This property is offered to cash buyers only, the property has suffered historic subsidence and all prospective purchaser should make their own enquiries and investigations before incurring any costs.

Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Fylde Coast

01253 835297

Next Steps?

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