3 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 3RU, £69,995

Fenton Road, Blackpool, FY1 3RU - 4 views - a month ago

Auction
Refurb/BRRR
ROI: 7%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£38K - £160K
Sold Prices/m²£509/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£72,095
BMV3%

 

 

End Value (After Refurb)

£87,419

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,499

Stamp Duty & Legal Fees

£4,700

Refurb Costs

£38,000

Bridging Loan Interest

£1,837

Total Cash In

£63,786

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£87,419

Mortgage (After Refinance)

£65,565

Mortgage LTV

75%

Cash Released

£13,068

Cash Left In

£50,718

Equity

£21,855

Rent Range

£500 - £1,500

Rent Estimate

£850

Running Costs/mo

£463

Cashflow/mo

£387

Cashflow/yr

£4,642

ROI

7%

Gross Yield

15%

Local Sold Prices

50 sold prices from £38K to £160K, average is £95.5K. £509/m² to £1.8K/m², average is £923/m².

PriceDateDistanceAddressBeds 
£75K03/210.05 mi9, Fenton Road, Blackpool FY1 3RT3
£113K02/230.05 mi31, Fenton Road, Blackpool FY1 3RT3
£114K08/210.06 mi46, Selbourne Road, Blackpool FY1 3SA3
£114K08/210.06 mi46, Selbourne Road, Blackpool FY1 3SA3
£74.5K12/200.06 mi46, Selbourne Road, Blackpool FY1 3SA3
£107.5K03/230.09 mi32, Victory Road, Blackpool FY1 3JT3
£80.5K10/210.09 mi46, Coleridge Road, Blackpool FY1 3SD3
£102K01/210.09 mi35, Coleridge Road, Blackpool FY1 3SD3
£97.5K01/230.1 mi43, Coleridge Road, Blackpool FY1 3SD3
£100K03/230.1 mi138, Caunce Street, Blackpool FY1 3NG3
£70K11/200.1 mi35, Fisher Street, Blackpool FY1 3HX3
£64K03/210.11 mi45, Gorton Street, Blackpool FY1 3HP3
£64K03/210.11 mi45, Gorton Street, Blackpool FY1 3HP3
£85K07/210.11 mi26, Boothley Road, Blackpool FY1 3RS3
£72K10/210.11 mi8, Fairhurst Street, Blackpool FY1 3HS3
£104K11/210.12 mi86, Devonshire Road, Blackpool FY3 8AN3
£85K06/210.14 mi97, Peter Street, Blackpool FY1 3NN3
£89.5K08/210.16 mi84, Peter Street, Blackpool FY1 3NL3
£93.5K03/230.16 mi61, Peter Street, Blackpool FY1 3NL3
£38K03/210.16 mi306, Talbot Road, Blackpool FY1 3QS3
£72K07/210.18 mi108, Manchester Road, Blackpool FY3 8DP3
£92.5K05/230.18 mi38, Buchanan Street, Blackpool FY1 3LQ3
£110K03/230.21 mi33, Buchanan Street, Blackpool FY1 3LR3
£85K05/230.21 mi101, Elizabeth Street, Blackpool FY1 3LZ3
£98K03/210.21 mi63, London Road, Blackpool FY3 8DJ3
£100K07/210.22 mi38, Oxford Road, Blackpool FY1 3QL3
£89K11/200.22 mi30, Oxford Road, Blackpool FY1 3QL3
£87.5K05/230.22 mi15, Oxford Road, Blackpool FY1 3QL3
£67.5K02/210.23 mi13, Buchanan Street, Blackpool FY1 3LS3
£90K01/210.24 mi20, Devonshire Road, Blackpool FY3 8AA3
£110K02/210.24 mi67, Addison Crescent, Blackpool FY3 8AG3
£75K02/210.26 mi23 - 25, Peter Street, Blackpool FY1 3LT3
£75K02/210.26 mi23 - 25, Peter Street, Blackpool FY1 3LT3
£98K11/210.27 mi19, Catterall Close, Blackpool FY1 3RB3
£137.5K06/230.31 mi22, Ascot Road, Blackpool FY3 8DG3
£84K03/210.32 mi3, Stirling Road, Blackpool FY3 8RX3
£90K03/210.32 mi6, Stirling Road, Blackpool FY3 8RX3
£110K03/210.32 mi45, Dutton Road, Blackpool FY3 8DH3
£129.9K10/210.32 mi34, Dutton Road, Blackpool FY3 8DH3
£115K04/210.32 mi34, Dutton Road, Blackpool FY3 8DH3
£85K11/200.33 mi209, Talbot Road, Blackpool FY3 7AS3
£92K06/230.34 mi84, Cocker Street, Blackpool FY1 2EB3
£127.5K11/200.34 mi200, Devonshire Road, Blackpool FY3 7AA3
£148.7K06/210.34 mi193, Devonshire Road, Blackpool FY3 7AA3
£137K02/230.34 mi169, Devonshire Road, Blackpool FY3 7AA3
£135K03/230.34 mi197, Devonshire Road, Blackpool FY3 7AA3
£135K04/230.35 mi27, Douglas Avenue, Blackpool FY3 7AL3
£160K04/230.35 mi14, Douglas Avenue, Blackpool FY3 7AL3
£148.5K01/210.35 mi9, Liverpool Road, Blackpool FY1 4HG3
£112K02/210.35 mi70, Ascot Road, Blackpool FY3 8DF3

Local Rents

41 rents from £500/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£72501/250.01 mi-3
£72501/250.01 mi-3
£80004/240.07 miSelbourne Road, Blackpool, Lancashire, FY13
£1,20003/250.13 mi-3
£75004/240.14 miCaunce Street, Blackpool3
£70004/240.14 miHardman Street, Blackpool, Lancashire, FY13
£77505/240.15 miHardman Street, Blackpool3
£85001/250.15 mi-3
£80005/240.18 miManchester Road, Blackpool, FY3 8BP3
£75004/240.23 miManchester Road, Blackpool, FY3 8DN3
£92503/240.24 mi-3
£80002/250.25 mi-3
£70004/240.26 miPeter Street, Blackpool, FY1 3LT3
£75005/240.26 mi-3
£1,05002/250.29 mi-3
£82512/240.29 mi-3
£85004/240.34 miDevonshire Road, Blackpool, Lancashire, FY33
£50012/240.37 mi-3
£69503/250.38 mi-3
£85004/240.38 miCoopers Way, Blackpool, FY13
£95004/240.39 miBryan Road, Blackpool3
£1,50003/250.43 mi-3
£90004/240.44 miSouth King Street, Blackpool3
£65006/240.46 mi-3
£80004/240.46 mi-3
£71505/240.46 mi-3
£71505/240.46 mi-3
£71505/240.46 miLayton Road, Blackpool, FY33
£82504/240.48 miChesterfield Road, Blackpool, Lancashire, FY13
£77504/240.48 miChesterfield Road, Blackpool3
£65004/240.49 miCheltenham Road, Blackpool, FY1 2PR3
£70004/240.49 miAvon Place, Blackpool, FY1 2QX3
£80005/240.51 miBraithwaite Street, Blackpool, FY1 2HS3
£72505/240.54 mi-3
£70012/240.54 mi-3
£90002/250.55 mi-3
£90005/240.58 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£80005/240.59 mi-3
£80005/240.59 mi-3
£1,00003/250.62 mi-3
£95005/240.62 mi-3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.36 miles away

Nearest school

0.20 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £69,995

March 4, 2025

Floor Plans

Description

  • For Sale by Online Auction +
  • Estimated Rental Income £850PCM (Once Refurbished) +
  • Well Proportioned Rooms +
  • Generous Sized Plot +
  • Improvement Works Required +
  • NO CHAIN +
  • Two Reception Rooms +
  • Brick Built Garage +
  • Close to Blackpool Centre/c.£350M Regeneration Project +
  • Viewings Available in Person or via our 360 Virtual Tour +

For Sale by Online Auction with a Starting Bid of £69,995. T&Cs Apply. See WebbMove for all of the auction details.

Ideal for investors, once renovated the property could fetch circa £850PCM, a 14.5% gross yield based on the starting price.

A deceptively spacious three bedroom end terraced house occupying a large corner plot. The property does require modernisation which has been reflected in the price. It briefly comprises; spacious lounge, good sized dining room, kitchen/diner, three well-proportioned bedrooms and a bathroom suite. Externally, easy maintenance gardens surround the property and there is a brick built garage to the rear accessed by a small driveway. Viewings are available either in person or via the 360 virtual tour.

The house is situated close to local amenities including shops, schools, bus routes and Blackpool Centre which is the focus of Blackpool's circa £300M regeneration project.  

ENTRANCE 6' 2" x 2' 10" (1.88m x 0.86m)  

LOUNGE 11' 3" x 15' 5" (3.43m x 4.7m)  

DINING ROOM 10' 8" x 14' 3" (3.25m x 4.34m)  

KITCHEN 9' 1" x 13' 5" (2.77m x 4.09m)  

LANDING  

BEDROOM ONE 11' 3" x 12' 8" (3.43m x 3.86m)  

BEDROOM TWO 7' 8" x 11' 1" (2.34m x 3.38m)  

BEDROOM THREE 9' 1" x 13' 3" (2.77m x 4.04m)  

BATHROOM 5' 11" x 5' 0" (1.8m x 1.52m)  

BRICK BUILT GARAGE  

COVERAGE BROADBAND

We are advised that the property can obtain Fibre to the Premises (FTTP)

MOBILE DATA

We are advised that you are likely to have mobile coverage

We would suggest that you also make your own enquiries as to Mobile Data coverage

AUCTION INFORMATION This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 2nd April 2025. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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