2 Bed Bungalow, Refurb/BRRR, Blackpool, FY4 3NQ, £115,000

Collyhurst Avenue, Blackpool, FY4 3NQ - 1 views - a month ago

Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£71K - £235K
Sold Prices/m²£908/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£118,450
BMV3%

 

 

End Value (After Refurb)

£111,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£27,882

Bridging Loan Interest

£3,019

Total Cash In

£68,351

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£111,375

Mortgage (After Refinance)

£83,531

Mortgage LTV

75%

Cash Left In

£68,351

Equity

£27,844

Rent Range

£575 - £1,000

Rent Estimate

£726

Running Costs/mo

£513

Cashflow/mo

£213

Cashflow/yr

£2,553

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £71K to £235K, average is £124K. £908/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£112K02/240.12 mi88, Lindale Gardens, Blackpool FY4 3PQ2
£107.5K12/220.12 mi52, Willowbank Avenue, Blackpool FY4 3NB2
£118K12/210.13 mi132, Edgeway Road, Blackpool FY4 3QZ2
£130K05/210.14 mi21, Nateby Avenue, Blackpool FY4 3QY2
£110K11/200.14 mi17, Nateby Avenue, Blackpool FY4 3QY2
£100K06/210.17 mi28, Henson Avenue, Blackpool FY4 3LY2
£106K12/200.19 mi21, Ivy Avenue, Blackpool FY4 3QF2
£111K11/200.19 mi89, Endsleigh Gardens, Blackpool FY4 3PN2
£71K03/210.23 mi53, Common Edge Road, Blackpool FY4 5AX2
£137.5K03/230.23 mi80, Endsleigh Gardens, Blackpool FY4 3PB2
£111K02/230.25 mi11, Lowstead Place, Blackpool FY4 3LG2
£118K12/220.26 mi16, Ivy Avenue, Blackpool FY4 3QG2
£107K04/230.26 mi12, Margate Avenue, Blackpool FY4 3PF2
£140K01/240.26 mi3, Margate Avenue, Blackpool FY4 3PF2
£90K12/200.28 mi12, Endsleigh Gardens, Blackpool FY4 3PA2
£81.5K03/210.28 mi44, Endsleigh Gardens, Blackpool FY4 3PA2
£95K01/240.28 mi54, Endsleigh Gardens, Blackpool FY4 3PA2
£113K03/210.33 mi213, Highfield Road, Blackpool FY4 3NS2
£110K01/210.34 mi22, Southworth Avenue, Blackpool FY4 3LH2
£171K02/210.35 mi14, Wyndham Gardens, Blackpool FY4 3NX2
£138.4K06/230.38 mi12, Kimberley Avenue, Blackpool FY4 2LS2
£160K06/230.41 mi165, Common Edge Road, Blackpool FY4 5DL2
£195K09/210.42 mi6, Lawn Tennis Court, Blackpool FY4 2NJ2
£193K11/200.42 mi33, Helmsdale Road, Blackpool FY4 5AR2
£235K06/230.42 mi40, Helmsdale Road, Blackpool FY4 5AR2
£195K03/230.44 mi11, Blossom Avenue, Blackpool FY4 5AT2
£164K01/210.44 mi19, Glenapp Avenue, Blackpool FY4 5NG2
£125K03/210.44 mi7, Glenapp Avenue, Blackpool FY4 5NG2
£177K12/230.45 mi4, Lowfield Road, Blackpool FY4 5BL2
£220K11/220.46 mi16, Avondale Crescent, Blackpool FY4 5AS2
£195K01/230.48 mi21, Avondale Crescent, Blackpool FY4 5AS2
£177.5K11/200.48 mi42, Avondale Crescent, Blackpool FY4 5AS2
£180K11/210.48 mi34, Avondale Crescent, Blackpool FY4 5AS2
£185K12/200.49 mi19, Selby Avenue, Blackpool FY4 2LY2
£116K12/220.54 mi29, Pedders Lane, Blackpool FY4 3HY2
£117K12/220.56 mi5, Brookfield Avenue, Blackpool FY4 5HF2
£130K11/220.57 mi13, Abbey Road, Blackpool FY4 2LB2
£132K11/200.58 mi3, Bamburgh Close, Blackpool FY4 5FA2
£170K02/240.58 mi5, Bamburgh Close, Blackpool FY4 5FA2
£123K11/210.58 mi127, Abbey Road, Blackpool FY4 2PY2
£117K11/230.59 mi146, Midgeland Road, Blackpool FY4 5HH2
£220K11/230.6 mi20, Corbridge Close, Blackpool FY4 5EZ2
£159.9K10/210.6 mi8, Corbridge Close, Blackpool FY4 5EZ2
£108K10/200.61 mi11, Marton Fold, Blackpool FY4 5FJ2
£79K11/210.62 mi23, Boome Street, Blackpool FY4 2JX2
£87.5K10/210.62 mi25, Boome Street, Blackpool FY4 2JX2
£93.5K02/210.63 mi27, Hathaway, Blackpool FY4 4AB2
£130K10/200.64 mi50, Roseacre, Blackpool FY4 2PL2
£150K10/210.66 mi14, Nairn Close, Blackpool FY4 5DB2
£89K05/210.67 mi15, Lodore Road, Blackpool FY4 2JL2

Local Rents

16 rents from £575/mo to £1K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£65004/240.03 miWillowbank Avenue, Blackpool, FY4 3ND2
£67501/240.12 mi-2
£70002/250.14 mi-2
£60005/240.15 mi-2
£57505/240.17 mi-2
£1,00004/240.38 miLowfield Road, Blackpool, FY4 5BL2
£75004/240.47 miPrimrose Avenue, Blackpool2
£85004/240.49 mi13 Selby Avenue2
£95002/250.5 mi-2
£65005/240.53 miOakwood Close, Blackpool2
£75005/240.54 miPedders Lane, Blackpool, Lancashire, FY42
£67506/240.61 mi-2
£67505/240.61 miMarton Fold, Blackpool, FY42
£69502/250.61 mi-2
£65004/240.61 miBoome Street, Blackpool2
£77504/240.62 miBoome Street, Blackpool2

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.33 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £115,000

February 27, 2025

Floor Plans

Description

  • A Two Bedroom End Terraced Bungalow +
  • Double Glazed And Gas Central Heated +
  • Well Proportioned Rooms +
  • Three Piece Bathroom Suite +
  • Close To Local Supermarkets +
  • Garage To Rear & Shared Driveway +
  • South Facing Rear Garden +
  • Council Tax Band - B +
  • EPC Rating - Pending +

INTRODUCTION Tiger Sales is delighted to present this two bedroom bungalow, ideally located in the sought after area of South Shore. This property enjoys a convenient position with easy access to a variety of local amenities, making it a perfect choice for those who value both comfort and practicality.

While the property would benefit from some modernisation, it offers well proportioned rooms throughout, providing plenty of space and potential for personalization. The bungalow features a generously sized kitchen, perfect for those who enjoy cooking or entertaining, along with a bright and airy conservatory to the rear of the home, a fantastic space to relax and enjoy the garden views throughout the year.

Externally, the property boasts a lovely south facing garden, ideal for enjoying the sunshine, with a mix of mature plants and shrubs adding to the appeal of the outdoor space. There is also a single garage providing useful storage, with potential for further storage or customization to suit the new owner's needs. Shared driveway.

This bungalow is an excellent choice for those looking to downsize and settle in a well-established neighbourhood. Its practical layout and ample potential make it an ideal long-term home for anyone seeking a comfortable and manageable living space.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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