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3 Bed Detached House, Refurb/BRRR, Blackpool, FY2 0RY, £250,000

The Knowle - Bispham - Blackpool - FY2 0RY - 4 views - 2 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£90K - £300K
Sold Prices/m²£1K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£160,210

 

 

End Value (After Refurb)

£215,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£38,000

Bridging Loan Interest

£6,563

Total Cash In

£117,513

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,500

Mortgage (After Refinance)

£161,625

Mortgage LTV

75%

Cash Left In

£117,513

Equity

£53,875

Rent Range

£725 - £4,500

Rent Estimate

£1,178

Running Costs/mo

£929

Cashflow/mo

£249

Cashflow/yr

£2,988

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £90K to £300K, average is £151K. £1K/m² to £4.2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£190K02/210.04 mi367, Devonshire Road, Bispham, Blackpool FY2 0RE3
£300K02/230.05 mi3, Ashley Close, Bispham, Blackpool FY2 0RF3
£141K10/210.2 mi164, Inver Road, Blackpool FY2 0RQ3
£115K03/210.2 mi89, Inver Road, Blackpool FY2 0RQ3
£139.3K01/230.2 mi130, Inver Road, Blackpool FY2 0RQ3
£169K02/230.23 mi57, Pierston Avenue, Blackpool FY2 9UX3
£105K01/210.23 mi51, Fitzroy Road, Blackpool FY2 0RJ3
£115K10/200.23 mi47, Fitzroy Road, Blackpool FY2 0RJ3
£155K06/230.24 mi46, Calder Road, Blackpool FY2 9TU3
£255K04/230.26 mi140, Cornwall Avenue, Bispham, Blackpool FY2 9QR3
£235K04/210.26 mi156, Cornwall Avenue, Blackpool FY2 9QR3
£117K06/230.26 mi77, Limerick Road, Blackpool FY2 0LJ3
£118.5K04/210.26 mi23, Limerick Road, Blackpool FY2 0LJ3
£142.5K06/210.27 mi6a, Tower View, Blackpool FY2 0WS3
£114.5K05/210.28 mi36, Limerick Road, Blackpool FY2 0LH3
£90K10/200.28 mi10, Limerick Road, Blackpool FY2 0LH3
£95K04/230.28 mi68, Limerick Road, Blackpool FY2 0LH3
£123.5K06/230.28 mi72, Limerick Road, Blackpool FY2 0LH3
£204.9K09/210.29 mi49, Gosforth Road, Blackpool FY2 9TP3
£124K01/210.29 mi19, Meadow Close, Blackpool FY2 0WW3
£143K12/220.29 mi14, Meadow Close, Blackpool FY2 0WW3
£140K01/230.29 mi31, Valentia Road, Blackpool FY2 0RN3
£131K03/210.29 mi47, Valentia Road, Blackpool FY2 0RN3
£131.5K01/210.29 mi53, Valentia Road, Blackpool FY2 0RN3
£152K01/230.29 mi2, Galway Avenue, Bispham, Blackpool FY2 0LN3
£165K10/210.3 mi73, Knowle Avenue, Blackpool FY2 9TY3
£150.1K05/210.31 mi44, Valentia Road, Blackpool FY2 0RW3
£184.9K03/230.31 mi44, Valentia Road, Blackpool FY2 0RW3
£205K10/210.31 mi46, Shaftesbury Avenue, Blackpool FY2 9TL3
£175K11/200.32 mi61, Knowle Avenue, Blackpool FY2 9UA3
£215K03/210.32 mi197, Warbreck Drive, Blackpool FY2 9PL3
£200K11/210.34 mi11, Pierston Avenue, Blackpool FY2 9UT3
£202.5K08/210.34 mi10, Pierston Avenue, Blackpool FY2 9UT3
£140K10/220.34 mi48, Leys Road, Blackpool FY2 0SG3
£180K09/210.35 mi18a, Leys Road, Blackpool FY2 0SG3
£125K02/210.35 mi128, Warbreck Drive, Bispham, Blackpool FY2 9PW3
£210K10/210.35 mi31, Duchess Drive, Blackpool FY2 9PH3
£187.5K02/210.35 mi30, Duchess Drive, Blackpool FY2 9PH3
£155K12/220.35 mi121, Inver Road, Bispham, Blackpool FY2 0LW3
£165K05/210.36 mi36, Calder Road, Blackpool FY2 9TX3
£233K06/230.36 mi14, Calder Road, Blackpool FY2 9TX3
£136K11/200.36 mi31, Galway Avenue, Blackpool FY2 0LQ3
£230K11/200.36 mi24, Pembroke Avenue, Blackpool FY2 9PX3
£150K03/210.36 mi81, Cornwall Avenue, Blackpool FY2 9QL3
£105K02/210.36 mi83, Cornwall Avenue, Blackpool FY2 9QL3
£260K09/220.37 mi29, Duchess Drive, Bispham, Blackpool FY2 9PH3
£92.5K05/210.37 mi132, Warbreck Hill Road, Blackpool FY2 0TR3
£132.7K04/230.37 mi146, Warbreck Hill Road, Blackpool FY2 0TR3
£229.9K02/210.38 mi35, Cleator Avenue, Blackpool FY2 9TZ3
£280K01/230.38 mi26, Cleator Avenue, Blackpool FY2 9TZ3

Local Rents

33 rents from £725/mo to £4.5K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£89902/240.19 mi-3
£80004/240.2 mi-3
£89503/240.21 mi-3
£1,05002/240.26 mi-3
£72502/240.26 mi-3
£75005/240.26 mi-3
£80005/240.28 miLimerick Road,Blackpool,FY23
£1,40003/240.33 mi-3
£1,30011/240.33 mi-3
£92504/240.35 miInver Road, Blackpool, FY2 0LW3
£87504/240.35 miInver Road, Blackpool, FY2 0LW3
£87505/240.35 miInver Road, Blackpool, FY2 0LW3
£92505/240.35 miInver Road, Blackpool, Lancashire3
£95004/240.39 miGalway Avenue, Blackpool, Lancashire, FY23
£89505/240.4 mi-3
£89505/240.4 mi-3
£89505/240.4 mi-3
£90004/240.44 miBispham, Blackpool, FY2 9RZ3
£97504/240.44 miWarbreck Drive, Blackpool, FY2 9RZ3
£89504/240.48 miAdmiral Gardens, Bispham3
£95002/250.51 mi-3
£4,50006/240.55 mi-3
£4,50004/240.55 miEmpress Drive, Blackpool, FY23
£79507/240.55 mi-3
£89505/240.56 miCavendish Road, FY23
£95002/240.57 mi-3
£97501/250.58 mi-3
£89504/240.58 miEdenvale Avenue, FY23
£1,00012/240.59 mi-3
£1,00002/250.59 mi-3
£1,10003/250.59 mi-3
£90006/240.6 miMexford Avenue, Blackpool3
£1,15005/240.6 mi3 Cliff Place, Bispham, Blackpool. FY2 9JT3

Links

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.16 miles away

Nearest school

0.40 miles away

Nearest train station

0.66 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

February 26, 2025

Floor Plans

Description

  • PLEASE NOTE THAT THE GRANT OF PROBATE IS OUTSTANDING +
  • SITUATED IN A POPULAR LOCATION, NEXT DOOR TO BLACKPOOL NORTH SHORE GOLF CLUB +
  • IN NEED OF REFURBISHMENT - FULL INTERNAL RENOVATION REQUIRED +
  • WELCOMING ENTRANCE HALLWAY & CONVENIENT DOWNSTAIRS WC +
  • GENEROUS LOUNGE, DINING ROOM & FITTED DINING KITCHEN +
  • THREE GOOD SIZE BEDROOMS WITH ENSUITE TO BEDROOM ONE +
  • THREE PIECE SUITE FAMILY BATHROOM +
  • DRIVEWAY FOR OFF ROAD PARKING & INTEGRAL DOUBLE GARAGE +
  • LOW MAINTENANCE REAR GARDEN +
  • NEARBY TO AMENITIES, TRANSPORT ROUTES & THE ROCK GARDENS +

NO CHAIN - DECEPTIVELY SPACIOUS THREE BEDROOMED DETACHED PROPERTY, SITUATED IN A POPULAR LOCATION. GREAT POTENTIAL, IN NEED OF FULL REFURBISHMENT. GENEROUS LOUNGE, DINING ROOM, FITTED DINING KITCHEN, WC, FAMILY BATHROOM, ENSUITE TO BEDROOM ONE, INTEGRAL GARAGE, DRIVEWAY, LOW MAINTENANCE REAR GARDEN

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

Next Steps?

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

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