2 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 3JR, £95,000

Maitland Avenue, Thornton-Cleveleys, Lancashire, FY5 3JR - 1 views - a month ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 5%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£72.5K - £310K
Sold Prices/m²£1.1K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£95,950

 

 

End Value (After Refurb)

£118,375

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£27,600

Bridging Loan Interest

£2,494

Total Cash In

£59,644

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£118,375

Mortgage (After Refinance)

£88,781

Mortgage LTV

75%

Cash Released

£17,531

Cash Left In

£42,113

Equity

£29,594

Rent Range

£595 - £1,295

Rent Estimate

£778

Running Costs/mo

£546

Cashflow/mo

£232

Cashflow/yr

£2,790

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £72.5K to £310K, average is £149.5K. £1.1K/m² to £4.2K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£134.5K04/210.09 mi38, Maitland Avenue, Thornton-cleveleys, Blackpool FY5 3JR2
£135K06/210.12 mi14, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£135K06/210.12 mi16, Rookwood Avenue, Thornton-cleveleys, Blackpool FY5 3QW2
£134K12/200.15 mi55, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£195K01/230.16 mi34, St Andrews Avenue, Thornton-cleveleys, Lancashire FY5 3NJ2
£150K01/230.16 mi33, Leith Avenue, Thornton-cleveleys, Blackpool FY5 3NN2
£110.5K06/230.19 mi22, Lockerbie Avenue, Thornton-cleveleys, Blackpool FY5 3EN2
£95K01/210.26 mi33, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£185K12/200.26 mi26, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£140K02/230.27 mi17, Stoneway Road, Thornton-cleveleys, Blackpool FY5 3AU2
£160K03/210.32 mi39, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP2
£201K10/220.34 mi29, Chatteris Place, Thornton-cleveleys, Blackpool FY5 1DT2
£310K11/200.35 mi12, Henley Avenue, Thornton-cleveleys, Lancashire FY5 2BN2
£230K06/230.37 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£139K11/200.37 mi277, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NJ2
£149K12/200.4 mi47, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BH2
£170K11/210.41 mi40, Penswick Avenue, Thornton-cleveleys, Blackpool FY5 3BJ2
£117K01/210.46 mi29, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RU2
£173K11/210.46 mi297, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£178K07/210.46 mi295, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB2
£147K11/220.46 mi291, North Drive, Thornton-cleveleys, Blackpool FY5 3HT2
£130K02/210.46 mi5, Radnor Avenue, Thornton-cleveleys, Lancashire FY5 3PX2
£145K08/230.47 mi52, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RX2
£160K06/230.54 mi31, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SW2
£100K04/230.54 mi46, Seabrook Drive, Thornton-cleveleys, Blackpool FY5 3SB2
£159.9K08/230.55 mi50, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£116K01/210.55 mi44, Greenfield Road, Thornton-cleveleys, Blackpool FY5 3SS2
£250K01/230.55 mi13, Stockdove Way, Thornton-cleveleys, Lancashire FY5 2AR2
£133.5K12/200.61 mi2, Rockville Avenue, Thornton-cleveleys, Blackpool FY5 3SF2
£138K07/230.67 mi20, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£129.9K12/200.67 mi50, Denville Avenue, Thornton-cleveleys, Blackpool FY5 3SQ2
£160K10/210.69 mi38, Broadhurst Road, Thornton-cleveleys, Blackpool FY5 3HR2
£130K02/230.69 mi7, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£124K03/210.69 mi20, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ2
£158K10/210.69 mi9, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BX2
£150K08/210.72 mi17, Epsom Road, Thornton-cleveleys, Blackpool FY5 3HS2
£153K01/230.73 mi42, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BY2
£259.9K12/200.74 mi35, Seniors Drive, Thornton-cleveleys, Lancashire FY5 2RB2
£165K05/230.78 mi42, Ingleway, Thornton-cleveleys, Lancashire FY5 2PG2
£144.5K02/230.78 mi31, Ringway, Thornton-cleveleys, Lancashire FY5 2NJ2
£196K03/230.79 mi74, Rosebank, Thornton-cleveleys, Lancashire FY5 3FL2
£240K03/230.8 mi56, Ringway, Thornton-cleveleys, Lancashire FY5 2NJ2
£180K01/210.8 mi4, Ringway, Thornton-cleveleys, Lancashire FY5 2NJ2
£155K12/200.8 mi29, Ringway, Thornton-cleveleys, Blackpool FY5 2NJ2
£125K08/210.82 mi20, Kent Avenue, Thornton-cleveleys, Lancashire FY5 2PS2
£157K02/230.83 mi8, Fir Tree Place, Thornton-cleveleys, Blackpool FY5 3DP2
£119K07/210.83 mi590, North Drive, Thornton-cleveleys, Lancashire FY5 2QA2
£125K06/210.83 mi588, North Drive, Thornton-cleveleys, Lancashire FY5 2QA2
£183.5K03/210.83 mi624, North Drive, Thornton-cleveleys, Lancashire FY5 2QA2
£72.5K01/230.84 mi64, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2

Local Rents

22 rents from £595/mo to £1.3K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£67505/240.13 miSt. Davids Court, St. Davids Avenue, Cleveleys2
£67501/250.2 mi-2
£71312/240.24 mi-2
£75004/240.24 miPLEASE PHONE FOR VIEWINGS - Victoria Road West, Thornton-Cleveleys2
£70004/240.24 mi5 Crescent West, Cleveleys. FY5 1AB2
£60012/240.32 mi-2
£75012/240.32 mi-2
£69502/250.37 mi-2
£72504/240.4 miVictoria Road West, Thornton-Cleveleys, Lancashire, FY52
£77502/250.42 mi-2
£77502/250.42 mi-2
£1,29503/250.44 mi-2
£1,25003/250.45 mi-2
£86504/240.49 mi-2
£86003/250.49 mi-2
£77505/240.56 miSeabrook Drive, Thornton Cleveleys2
£65004/240.59 mi-2
£62504/240.59 mi-2
£59502/240.6 mi-2
£67501/240.61 mi-2
£85001/250.61 mi-2
£85001/250.61 mi-2

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

2.67 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £95,000

February 25, 2025

Description

Situated in a good established residential location within walking distance to Cleveleys town centre, this corner sited semi detached house offers accommodation in need of full refurbishment. The property benefits from economy 7 heating, complimented by UPVC double glazing and briefly comprising:- Entrance Hall, Lounge, Dining Kitchen, Two Double Bedrooms and Bathroom. The external features include limited driveway parking to rear and garden areas to front, side and rear. The property is offered with 'Vacant Possession' to enable the arrangement of a quick completion. Internal viewing is highly recommended by prior appointment with this office.
ACCOMMODATION
ENTRANCE HALL:- Through UPVC double glazed exterior door with diamond leaded over light, staircase to first floor.
LOUNGE:- 13'8"x12'6" Max Dimensions into UPVC double glazed bow window overlooking front, fireplace housing electric fire, coved ceiling, economy 7 radiator, double door access to Dining Kitchen.
DINING KITCHEN:- 14'8"x12'0" Max Dimensions. Fitted base and wall units with co-ordinating work surfaces, single drainer sink unit, plumbed for automatic washing machine, gas cooker point, UPVC double glazed exterior door and windows to rear garden, fireplace with marble hearth housing gas fire.
LANDING:- UPVC double glazed window to side.
BEDROOM 1:- 14'5"x13'7" Max Dimensions into UPVC double glazed bow window overlooking front, built in storage, economy 7 radiator.
BEDROOM 2:- 11'6"x9'4" Into UPVC double glazed window overlooking rear, economy 7 radiator, picture rail, access to roof space.
BATHROOM:- 7'7"x5'10" Three piece suite in comprising:- panelled bath, pedestal wash basin and low flush W.C, UPVC double glazed window, airing cupboard housing lagged immersion cylinder, part tiling to walls.
EXTERNAL
GARDEN FRONT:- Laid to lawn with mature shrub borders, double gated access, brick built and timber fenced boundaries.
GARDEN SIDE & REAR:- Laid to lawn with mature shrub borders, brick built and timber fenced boundaries.
PARKING:- Limited off street parking to rear via timber folding gates.
ADDITIONAL INFORMATION:- Property to be sold as seen apart from some personal items.
TENURE: - We are advised by the vendor that the property is Leasehold. Residue of 999 years ground rent payable approximately £4.00 per annum.
SERVICES: - All mains services are connected.
APPLIANCES/EQUIPMENT:- Services, installations, heating systems and appliances have not been tested.
VALUATION: - If you are considering selling your present property INDEPENDENT will be pleased to provide you with a FREE VALUATION.

Agent Details

Independent Estate Agency, Thornton Cleveleys

01253 835683

Next Steps?

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