2 Bed Terraced House, Single Let, Thornton-Cleveleys, FY5 4HU, £75,000

2 Ormerod Street, Thornton-Cleveleys, Lancashire FY5 4HU - 2 views - a month ago

Auction
BTL
ROI: 14%
70 m²
+1 photos

ValuationUndervalued

Sold Prices£62.5K - £235K
Sold Prices/m²£912/m² - £3.5K/m²

 

 

Square Metres

70 m²
Price/m²£1.1K/m²

Value Estimate

£93,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£525 - £975

Rent Estimate

£653

Running Costs/mo

£385

Cashflow/mo

£268

Cashflow/yr

£3,216

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £62.5K to £235K, average is £141K. £912/m² to £3.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£64.5K04/210.05 mi25, Butts Road, Thornton-cleveleys, Lancashire FY5 4HX2
£76K01/210.15 mi11, Rock Street, Thornton-cleveleys, Lancashire FY5 4JB2
£129K10/200.27 mi10, Kirkstone Avenue, Fleetwood, Lancashire FY7 8NN2
£94K04/210.33 mi17, Trunnah Gardens, Thornton-cleveleys, Lancashire FY5 4BT2
£140K05/230.33 mi12, Trunnah Gardens, Thornton-cleveleys, Lancashire FY5 4BT2
£62.5K06/210.38 mi20, Willow Road, Thornton-cleveleys, Lancashire FY5 4GR2
£132.5K08/210.38 mi32, Holmes Road, Thornton-cleveleys, Lancashire FY5 2SH2
£90K01/210.38 mi26, Holmes Road, Thornton-cleveleys, Lancashire FY5 2SH2
£153K05/210.4 mi31, Kildare Avenue, Thornton-cleveleys, Lancashire FY5 2RZ2
£145K11/210.41 mi17, Wharfedale Avenue, Thornton-cleveleys, Lancashire FY5 2SS2
£167.5K12/210.41 mi34, Wharfedale Avenue, Thornton-cleveleys, Lancashire FY5 2SS2
£110K06/210.41 mi20, Wharfedale Avenue, Thornton-cleveleys, Lancashire FY5 2SS2
£155K01/230.42 mi18, Blenheim Drive, Thornton-cleveleys, Lancashire FY5 4PH2
£98.5K12/200.45 mi10, Longton Avenue, Thornton-cleveleys, Lancashire FY5 4BX2
£105.1K01/210.45 mi24, Longton Avenue, Thornton-cleveleys, Lancashire FY5 4BX2
£140K10/220.48 mi122, Lawsons Road, Thornton-cleveleys, Lancashire FY5 4PW2
£149.9K12/210.5 mi62, Waring Drive, Thornton-cleveleys, Lancashire FY5 2SP2
£85K03/210.5 mi4, Farm Close, Thornton-cleveleys, Lancashire FY5 4HZ2
£158.5K04/230.51 mi63, Waring Drive, Thornton-cleveleys, Lancashire FY5 2SW2
£139.9K05/210.51 mi65, Waring Drive, Thornton-cleveleys, Lancashire FY5 2SW2
£175K06/230.52 mi202, West Drive, Thornton-cleveleys, Lancashire FY5 2EL2
£142K11/210.52 mi7, Byron Avenue, Thornton-cleveleys, Lancashire FY5 2HA2
£160K06/230.53 mi9, Glenmore Avenue, Thornton-cleveleys, Lancashire FY5 4NY2
£167K04/230.53 mi28, Glenmore Avenue, Thornton-cleveleys, Lancashire FY5 4NY2
£135K12/220.53 mi25, Roscoe Avenue, Thornton-cleveleys, Lancashire FY5 4FW2
£113K05/210.54 mi154, Hawthorn Drive, Thornton-cleveleys, Lancashire FY5 4GU2
£117.5K01/210.54 mi156, Hawthorne Drive, Thornton-cleveleys, Lancashire FY5 4GU2
£104K06/210.55 mi28, Grange Avenue, Thornton-cleveleys, Lancashire FY5 4PA2
£142K08/230.55 mi10, Grange Avenue, Thornton-cleveleys, Lancashire FY5 4PA2
£190K06/230.57 mi24, Bardsway, Thornton-cleveleys, Lancashire FY5 2HB2
£185K05/230.57 mi28, Tennyson Avenue, Thornton-cleveleys, Lancashire FY5 2ET2
£127.5K11/220.57 mi65, Sandwell Avenue, Thornton-cleveleys, Lancashire FY5 4FN2
£153K09/210.58 mi12, Milton Avenue, Thornton-cleveleys, Lancashire FY5 2ER2
£178.9K06/230.6 mi196, West Drive, Thornton-cleveleys, Lancashire FY5 2EJ2
£163K11/210.61 mi19, Grasmere Avenue, Thornton-cleveleys, Lancashire FY5 4AZ2
£130K01/230.63 mi7, Eversleigh Avenue, Thornton-cleveleys, Lancashire FY5 2EN2
£176.5K01/230.64 mi20, Masefield Avenue, Thornton-cleveleys, Lancashire FY5 2ES2
£130K05/210.64 mi1, Coleridge Avenue, Thornton-cleveleys, Lancashire FY5 2EP2
£160K06/230.66 mi7, Browning Avenue, Thornton-cleveleys, Lancashire FY5 2HF2
£155K04/210.68 mi3, Burns Avenue, Thornton-cleveleys, Lancashire FY5 2SZ2
£186K02/230.68 mi19, Dianne Road, Thornton-cleveleys, Lancashire FY5 4EF2
£225K08/210.69 mi2, Redwing Avenue, Thornton-cleveleys, Lancashire FY5 2BX2
£173K04/230.7 mi78, Devonshire Avenue, Thornton-cleveleys, Lancashire FY5 4AR2
£126K05/230.71 mi10, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW2
£135K01/210.71 mi14, Branksome Avenue, Thornton-cleveleys, Lancashire FY5 2EW2
£160K04/230.71 mi66, Briar Road, Thornton-cleveleys, Lancashire FY5 4NB2
£155K06/210.71 mi8, Fieldhouse Avenue, Thornton-cleveleys, Lancashire FY5 4ER2
£235K08/210.73 mi8, Heron Close, Thornton-cleveleys, Lancashire FY5 2JJ2
£115K03/210.74 mi4, Clifton Close, Thornton-cleveleys, Lancashire FY5 4NG2
£100K08/210.74 mi3, Ullswater Avenue, Thornton-cleveleys, Lancashire FY5 4AL2

Local Rents

20 rents from £525/mo to £975/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£52504/240.05 miButts Road, Thornton-Cleveleys, Lancashire, FY52
£89502/240.27 mi-2
£89503/240.29 mi-2
£65012/240.34 mi-2
£65004/240.35 miTrunnah Road, Thornton-Cleveleys, Lancashire, FY52
£95005/240.36 miWest Drive, Thornton-Cleveleys2
£70001/250.37 mi-2
£72503/250.41 mi-2
£75004/250.43 mi-2
£75004/240.44 mi-2
£72504/240.44 mi-2
£77504/240.45 miLongton Avenue, Thornton-Cleveleys, FY52
£97504/240.49 mi8 Ruskin Avenue, Thornton-Cleveleys, Lancashire, FY52
£85005/240.51 mi-2
£96002/240.53 mi-2
£97510/240.53 mi-2
£67504/240.55 miGrange Avenue, Thornton-Cleveleys2
£69304/240.57 miSandwell Avenue, Thornton-Cleveleys, Lancashire, FY52
£70004/240.58 miLancaster Avenue, FY52
£89504/240.6 miKeepers Hey, Thornton-Cleveleys2

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.64 miles away

Nearest school

0.10 miles away

Nearest train station

2.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £75,000

February 27, 2025

Description

  • Two Bedroom Terrace House +
  • Ideal BTL Investment +
  • Popular Residential Area +
  • Close To Schools & Shops +

Online auction 11th - 12th March Vacant Two Bedroom Terrace House
Vacant terrace house in popular residential area close to schools and shops.
The property comprises of lounge, kitchen/diner, two bedrooms and a bathroom.
Externally the to the yard is a low maintenance yard.
This great property would make an ideal BTL investment.

Tenure: Freehold
Title number: LA659505
Council Tax Band : A
Local Authority: Wyre

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Freehold EPC Rating: D Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Fulwood

01772 286883

Next Steps?

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