3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 7NR, £110,000

Draycot Avenue, Blackpool, FY3 7NR - 2 months ago

Sold STC
Refurb/BRRR
Planning
ROI: 5%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£74K - £355K
Sold Prices/m²£625/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£111,100

 

 

End Value (After Refurb)

£126,768

Uplift in Value

+15%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£37,989

Bridging Loan Interest

£2,888

Total Cash In

£74,627

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,768

Mortgage (After Refinance)

£95,076

Mortgage LTV

75%

Cash Released

£12,576

Cash Left In

£62,051

Equity

£31,692

Rent Range

£725 - £1,150

Rent Estimate

£908

Running Costs/mo

£598

Cashflow/mo

£310

Cashflow/yr

£3,723

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £74K to £355K, average is £122.5K. £625/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£110K06/210.1 mi68, Chepstow Road, Blackpool FY3 7PJ3
£108K06/230.13 mi59, Carleton Avenue, Blackpool FY3 7JN3
£91K01/210.13 mi13, Carleton Avenue, Blackpool FY3 7JN3
£114.5K11/200.13 mi62, Carleton Avenue, Blackpool FY3 7JN3
£230K11/210.14 mi143, Poulton Road, Blackpool FY3 7JJ3
£125K05/210.14 mi77, Poulton Road, Blackpool FY3 7JJ3
£112K02/210.15 mi8, Plymouth Road, Blackpool FY3 7JP3
£232K07/210.17 mi73, Poulton Old Road, Blackpool FY3 7LB3
£355K05/230.17 mi61, Poulton Old Road, Blackpool FY3 7LB3
£87.5K11/200.19 mi51, Poulton Road, Blackpool FY3 7DS3
£93.5K03/210.21 mi99, Argosy Avenue, Blackpool FY3 7NG3
£165K04/230.21 mi23, Oregon Avenue, Blackpool FY3 7JU3
£99K02/210.27 mi27, Delaware Road, Blackpool FY3 7JY3
£85K02/230.28 mi14, Hockley Place, Blackpool FY3 7NY3
£185K01/230.29 mi14, Burnsall Avenue, Blackpool FY3 7LQ3
£121K06/210.29 mi55, Kendal Avenue, Blackpool FY3 7LG3
£154K03/230.3 mi9, Norwood Avenue, Blackpool FY3 7DJ3
£142K12/220.31 mi3, Cannock Avenue, Blackpool FY3 7HH3
£125K07/210.31 mi12, Cannock Avenue, Blackpool FY3 7HH3
£103K03/230.35 mi12, Pelham Avenue, Blackpool FY3 7HS3
£95K03/210.35 mi26, Furness Avenue, Blackpool FY3 7QQ3
£110K07/230.35 mi435, Blackpool Old Road, Blackpool FY3 7LN3
£110K02/230.35 mi10, Pelham Avenue, Blackpool FY3 7HS3
£145K01/230.36 mi522, Blackpool Old Road, Blackpool FY3 7LW3
£102.5K05/210.36 mi19, Bromley Close, Blackpool FY2 0SD3
£124K07/210.36 mi207, Kingscote Drive, Blackpool FY3 7EW3
£90K05/230.37 mi4, Elgin Place, Blackpool FY3 7RY3
£186.5K04/230.37 mi50, Westcliffe Drive, Blackpool FY3 7HG3
£90K10/210.38 mi3, Holyoake Avenue, Blackpool FY2 0QL3
£90K01/210.38 mi11, Sherwood Avenue, Blackpool FY3 7HT3
£101K01/210.38 mi374, Garstang Road West, Blackpool FY3 7JH3
£74K04/230.39 mi375, Warley Road, Blackpool FY2 0ST3
£180K05/210.39 mi351, Warley Road, Blackpool FY2 0ST3
£140K02/230.39 mi372, Garstang Road West, Blackpool FY3 7JH3
£155K11/210.39 mi10, Leyfield Close, Blackpool FY3 7RQ3
£182K07/230.4 mi16, Furlong Crescent, Blackpool FY3 7LP3
£158K12/200.4 mi21, Westfield Avenue, Blackpool, Lancashire FY3 7LU3
£115K01/230.41 mi394, Warley Road, Blackpool FY2 0SS3
£93K03/210.41 mi394, Warley Road, Blackpool FY2 0SS3
£80K10/200.41 mi404, Warley Road, Blackpool FY2 0SS3
£137K12/210.41 mi8, Maxwell Grove, Blackpool FY2 0QG3
£82.5K11/200.41 mi8, Maxwell Grove, Blackpool FY2 0QG3
£265K09/210.42 mi401, Blackpool Old Road, Blackpool, Lancashire FY3 7LT3
£185K03/230.42 mi123, Mansfield Road, Blackpool FY3 7HZ3
£78.5K11/200.42 mi94, Mansfield Road, Blackpool FY3 7HZ3
£125K09/210.42 mi22, Maurice Grove, Blackpool FY2 0QH3
£124K01/230.42 mi4, Maurice Grove, Blackpool FY2 0QH3
£127K03/210.42 mi1, Annesley Avenue, Blackpool FY3 7JD3
£175K06/230.43 mi147, St Walburgas Road, Blackpool FY3 7EY3
£127K05/230.43 mi308, Warley Road, Blackpool FY2 0UJ3

Local Rents

32 rents from £725/mo to £1.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£90002/250.09 mi-3
£95004/240.09 mi-3
£95005/240.09 mi-3
£95004/240.09 miWades Court, Blackpool, FY33
£72502/240.1 mi-3
£1,05012/240.11 mi-3
£1,05003/250.11 mi-3
£82505/240.14 mi-3
£82504/240.14 miMeyler Avenue, Blackpool, FY33
£82504/240.15 miCarleton Avenue, Blackpool3
£95008/230.16 mi-3
£79504/240.21 miArgosy Avenue, Blackpool, Lancashire, FY33
£87510/230.24 mi-3
£80003/250.3 mi-3
£1,00002/250.39 mi-3
£1,10003/250.39 mi-3
£72504/240.42 mi-3
£95002/240.43 mi-3
£97501/250.44 mi-3
£95002/250.46 mi-3
£1,00012/240.49 mi-3
£1,15003/250.49 mi-3
£1,00003/250.49 mi-3
£89906/240.52 mi-3
£99905/240.52 miRuncorn Avenue, Blackpool, FY23
£90006/240.52 miMexford Avenue, Blackpool3
£79504/240.52 miBeckway Avenue, Blackpool3
£75004/240.55 miRuncorn Avenue,Blackpool,FY23
£1,09903/250.57 mi-3
£1,09903/250.58 mi-3
£80004/240.61 mi-3
£77504/240.61 miSalmesbury Avenue, Blackpool3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.25 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £110,000

February 21, 2025

Floor Plans

Description

  • QUOTE REF NR0608 +
  • Spacious Semi-Detached Home – Fantastic potential to create your ideal family residence. +
  • Generous Plot – Large front and rear gardens, perfect for families valuing outside space. +
  • Freshly Decorated & New Flooring – A great base with room for further modernisation. +
  • Bright & Airy Lounge – Spans the full depth of the property with dual-aspect windows. +
  • Large Kitchen & Dining Area – Ample storage, worktop space, and a lovely front-facing dining area. +
  • Convenient Downstairs WC & Storage Area – Practical additions with external garden access. +
  • Three Well-Proportioned Bedrooms – Spacious and full of potential. +
  • Bathroom with Fitted Storage & Separate WC – Opportunity to modernise to your taste. +
  • Excellent Location & Value – A fantastic opportunity for families or investors. +

QUOTE REF NR0608 Spacious Semi-Detached Home with Excellent Potential
This fantastic three-bedroom semi-detached home offers an incredible opportunity to create the perfect family residence. Situated on a generous plot with expansive gardens to both the front and rear, this property boasts fresh décor and new flooring throughout, while still allowing plenty of scope for further enhancement and modernisation. Upon entering, you are welcomed by a spacious and inviting hallway, leading to a bright and airy lounge that spans the full depth of the property, benefiting from dual-aspect windows that flood the space with natural light. The large kitchen and open-plan dining area offer ample storage and worktop space, making it a fantastic space for family meals and entertaining. Just beyond the kitchen, you'll find a convenient downstairs WC, a useful storage area, and an external door providing easy access to the rear garden. Upstairs, the property features a generous landing area with a front-facing window, three well-proportioned bedrooms, and a bathroom that offers the potential for modernisation. The bathroom also includes built-in storage, and there is a separate WC accessed from the landing for added convenience. Externally, the fenced front garden provides privacy, while gated side access leads to the spacious rear garden, offering ample outdoor space for families, gardening enthusiasts, or those looking to extend (subject to planning permissions). This is a fantastic opportunity to secure a family-sized home at an excellent price. Don't miss out—contact Nick Reid Property Solutions today to arrange a viewing!

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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