3 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 1JY, £184,950

South Avenue - Thornton Cleveleys - FY5 1JY - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£82.5K - £438.2K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£158,444

 

 

End Value (After Refurb)

£185,817

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,238

Stamp Duty & Legal Fees

£10,448

Refurb Costs

£37,686

Bridging Loan Interest

£4,855

Total Cash In

£100,975

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,817

Mortgage (After Refinance)

£139,363

Mortgage LTV

75%

Cash Released

£650

Cash Left In

£100,325

Equity

£46,454

Rent Range

£758 - £1,100

Rent Estimate

£903

Running Costs/mo

£781

Cashflow/mo

£122

Cashflow/yr

£1,461

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £82.5K to £438.2K, average is £169.5K. £1.1K/m² to £4.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£169K08/230 mi9, South Avenue, Thornton-cleveleys, Lancashire FY5 1JY3
£405K02/230.05 mi23, Queens Walk, Thornton-cleveleys, Lancashire FY5 1JU3
£120K11/210.06 mi79, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£319.9K09/210.06 mi37, Thornton Gate, Thornton-cleveleys, Lancashire FY5 1LE3
£164K05/210.06 mi11, Crossway, Thornton-cleveleys, Lancashire FY5 1LA3
£135K12/220.11 mi52, Green Drive, Thornton-cleveleys, Lancashire FY5 1LQ3
£184K12/200.11 mi84, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£186K08/210.11 mi82, Rossall Road, Thornton-cleveleys, Lancashire FY5 1HQ3
£125K12/200.13 mi17, Green Drive, Thornton-cleveleys, Lancashire FY5 1LH3
£160K04/230.16 mi14, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£187.5K03/230.16 mi6, Kendal Avenue, Thornton-cleveleys, Lancashire FY5 2LY3
£163K07/230.2 mi43, Penrith Avenue, Thornton-cleveleys, Lancashire FY5 2NA3
£200K05/230.23 mi33, Westmorland Avenue, Thornton-cleveleys, Lancashire FY5 2LX3
£86.5K04/210.24 mi10, Tebay Avenue, Thornton-cleveleys, Lancashire FY5 2NB3
£134K01/210.26 mi29, Kings Walk, Thornton-cleveleys, Lancashire FY5 1HT3
£204.9K01/230.28 mi39, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DA3
£220K03/230.29 mi3, Ocean Way, Thornton-cleveleys, Lancashire FY5 1FE3
£126K07/230.3 mi1, Gloucester Avenue, Thornton-cleveleys, Lancashire FY5 2DQ3
£133K02/210.31 mi122, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2DZ3
£140K01/210.31 mi1, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HL3
£115K06/210.32 mi23, Manor Drive, Thornton-cleveleys, Lancashire FY5 1ET3
£140K05/230.32 mi2, Egremont Avenue, Thornton-cleveleys, Lancashire FY5 2NF3
£182K03/210.33 mi23, Beachcomber Drive, Thornton-cleveleys, Lancashire FY5 1FD3
£133.5K10/200.34 mi10, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£124K12/200.34 mi5, Bedford Avenue, Thornton-cleveleys, Lancashire FY5 2EA3
£175K03/210.34 mi24, Westbourne Road, Thornton-cleveleys, Lancashire FY5 1HN3
£130K04/230.36 mi95, Green Drive, Thornton-cleveleys, Lancashire FY5 1JD3
£177.5K02/230.37 mi19, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DH3
£258K07/230.38 mi44, Hexham Avenue, Thornton-cleveleys, Lancashire FY5 2NP3
£170K07/230.4 mi83, Cumberland Avenue, Thornton-cleveleys, Lancashire FY5 2DS3
£103K07/210.41 mi12, West Drive West, Thornton-cleveleys, Lancashire FY5 1EB3
£110.1K12/200.42 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£283K07/230.43 mi26, North Promenade, Thornton-cleveleys, Lancashire FY5 1DW3
£190K06/230.45 mi4, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£240K05/230.45 mi11, Allonby Avenue, Thornton-cleveleys, Lancashire FY5 2NR3
£82.5K01/230.45 mi9, Clegg Avenue, Thornton-cleveleys, Lancashire FY5 1BJ3
£177K09/210.46 mi26, Seaton Avenue, Thornton-cleveleys, Lancashire FY5 2NS3
£175K12/200.46 mi58, Cleveleys Avenue, Thornton-cleveleys, Lancashire FY5 2BB3
£170K06/210.47 mi35, Barnes Drive, Thornton-cleveleys, Lancashire FY5 2WQ3
£110K02/230.47 mi38, Lincoln Avenue, Thornton-cleveleys, Lancashire FY5 2DT3
£229.9K03/210.49 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£285K02/230.49 mi19, North Promenade, Thornton-cleveleys, Lancashire FY5 1DB3
£120K06/210.5 mi51, Nutter Road, Thornton-cleveleys, Lancashire FY5 1BQ3
£130K04/230.5 mi4, Slinger Road, Thornton-cleveleys, Lancashire FY5 1BN3
£90K11/200.52 mi36, Durham Avenue, Thornton-cleveleys, Lancashire FY5 2DP3
£130K10/210.53 mi51, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£182K03/210.53 mi67, Leicester Avenue, Thornton-cleveleys, Lancashire FY5 2DW3
£385K01/210.54 mi8, West Drive, Thornton-cleveleys, Lancashire FY5 2BJ3
£438.2K02/230.56 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3
£275K03/210.56 mi11, Whiteside Way, Thornton-cleveleys, Lancashire FY5 2BQ3

Local Rents

11 rents from £758/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£90005/240.06 mi-3
£99504/240.11 miRossall Road, Thornton Cleveleys3
£80004/240.22 miMilnthorpe Avenue, Thornton-Cleveleys, FY5 2LZ3
£90002/250.27 mi-3
£1,10008/230.28 mi-3
£82504/240.33 miCumberland Avenue, Thornton-Cleveleys3
£82504/240.33 miCumberland Avenue, Thornton-Cleveleys3
£75804/240.5 miSlinger Road, Thornton-Cleveleys, Lancashire, FY53
£97504/240.52 miStockdove Way, Thornton-Cleveleys3
£85004/240.52 mi-3
£1,00003/250.55 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.37 miles away

Nearest school

0.30 miles away

Nearest train station

3.41 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £184,950

March 4, 2025

Description

  • NO ONWARD CHAIN - EXTENSIVE RENOVATION REQUIRED +
  • SITUATED IN A SOUGHT AFTER & HIGHLY CONVENIENT RESIDENTIAL LOCATION +
  • CLOSE TO GOOD SCHOOLS & WALKING DISTANCE TO THE SEA FRONT/PROMENADE +
  • SPACIOUS REAR LOUNGE WITH OPEN ACCESS INTO THE SECOND RECEPTION +
  • FITTED KITCHEN & SUN ROOM/REAR PORCH +
  • VERSATILE GROUND FLOOR BEDROOM THREE/DINING ROOM & BATHROOM +
  • TWO FIRST FLOOR DOUBLE BEDROOMS & THREE PIECE SUITE SHOWER ROOM +
  • DRIVEWAY FOR OFF ROAD PARKING & DETACHED GARAGE IN NEED OF REPAIR +
  • NEARBY TO LOCAL AMENITIES/FACILITIES AND CONVENIENT TRANSPORT ROUTES +
  • COUNCIL TAX BAND 'E' UNDER WYRE COUNCIL +

* NO CHAIN * GREAT POTENTIAL * THREE DOUBLE BEDROOM DETACHED DORMER BUNGALOW, IN A GREAT RESIDENTIAL LOCATION. COMPRISING OF A SPACIOUS LOUNGE, SECOND RECEPTION, SUN ROOM/REAR PORCH, KITCHEN, VERSATILE GROUND FLOOR BEDROOM/DINING ROOM, BATHROOM, TWO FIRST FLOOR BEDROOMS, SHOWER ROOM, DRIVEWAY...

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

Next Steps?

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