3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 3AB, £188,000

Sheringham Avenue, Cleveleys, FY5 3AB - 1 views - a month ago

Refurb/BRRR
ROI: 2%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£93K - £408K
Sold Prices/m²£930/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£161,166

 

 

End Value (After Refurb)

£174,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,000

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£37,686

Bridging Loan Interest

£4,935

Total Cash In

£101,971

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£174,375

Mortgage (After Refinance)

£130,781

Mortgage LTV

75%

Cash Left In

£101,971

Equity

£43,594

Rent Range

£695 - £1,100

Rent Estimate

£896

Running Costs/mo

£744

Cashflow/mo

£152

Cashflow/yr

£1,823

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £93K to £408K, average is £170.5K. £930/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£161K06/230.06 mi56, Mossom Lane, Thornton-cleveleys, Blackpool FY5 3AA3
£152K03/230.11 mi162, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RD3
£129K03/210.12 mi58, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF3
£93K11/200.12 mi12, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF3
£115K07/210.12 mi6, North Drive, Thornton-cleveleys, Blackpool FY5 3AQ3
£265K07/210.16 mi103, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1SB3
£120K03/210.17 mi11, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1SA3
£315K10/210.19 mi671, Devonshire Road, Blackpool FY2 0AE3
£115K08/210.22 mi76, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£108K12/200.22 mi20, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£177K12/210.22 mi5, Derwent Place, Thornton-cleveleys, Blackpool FY5 3HA3
£185K10/210.24 mi227, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RA3
£140K10/210.24 mi2, Wingate Place, Thornton-cleveleys, Blackpool FY5 3HD3
£185K06/230.26 mi10, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£170K02/210.26 mi48, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£220K06/230.26 mi30, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£171K12/200.26 mi8, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£225K04/230.26 mi47, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£200K07/230.28 mi41, Clovelly Avenue, Thornton-cleveleys, Blackpool FY5 1RU3
£215K08/230.29 mi51, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ3
£255K02/210.29 mi32, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ3
£165K08/230.33 mi100, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EL3
£235K07/210.34 mi10, Halford Place, Thornton-cleveleys, Blackpool FY5 3HP3
£151K08/230.37 mi41, Gretna Crescent, Thornton-cleveleys, Blackpool FY5 1NX3
£220K10/210.38 mi250, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NL3
£170K04/230.38 mi257, Norbreck Road, Blackpool FY5 1PE3
£121K12/210.38 mi8, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£119K03/210.38 mi24, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£172.9K05/230.39 mi9, Glenfield Avenue, Bispham, Blackpool FY2 0DB3
£170K12/200.39 mi1, Portway, Blackpool FY2 0DF3
£175K07/230.39 mi345, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB3
£185K01/210.4 mi19, Norkeed Road, Thornton-cleveleys, Blackpool FY5 1QE3
£222K05/210.4 mi450, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3JA3
£175K06/230.41 mi26, Frinton Grove, Bispham, Blackpool FY2 0DD3
£170K02/210.42 mi2, Duncan Avenue, Blackpool FY2 9DB3
£151.3K02/230.42 mi18, Wilvere Drive, Thornton-cleveleys, Blackpool FY5 1QA3
£130K02/210.43 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£153K11/210.44 mi310, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£115K02/210.44 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.44 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£305K06/230.45 mi5, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£180K04/230.45 mi10, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£142.3K11/210.45 mi67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ3
£149K04/210.46 mi101, Kirkstone Drive, Thornton-cleveleys, Blackpool FY5 1QL3
£182.5K12/220.46 mi115, Ashfield Road, Bispham, Blackpool FY2 0BU3
£408K06/230.46 mi418, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£266.9K06/210.46 mi444, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£181K12/200.47 mi2, Crawford Avenue, Bispham, Blackpool FY2 9BX3
£175K04/230.48 mi3, Winsford Crescent, Thornton-cleveleys, Blackpool FY5 1PS3
£145K11/200.49 mi176, Ashfield Road, Bispham, Blackpool FY2 0BX3

Local Rents

15 rents from £695/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£87512/230.16 mi-3
£85001/250.23 mi-3
£87504/250.26 mi-3
£89504/240.32 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£87504/240.32 miWarren Grove, Thornton-Cleveleys3
£92504/240.34 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£90002/240.41 mi-3
£1,10005/240.51 miRivington Avenue, Bispham, Blackpool3
£1,00004/240.52 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£95002/250.54 mi-3
£69504/250.55 mi-3
£82505/240.59 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£82512/240.59 mi-3
£85004/240.59 mi-3
£80004/240.6 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.36 miles away

Nearest school

0.40 miles away

Nearest train station

1.89 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £188,000

March 5, 2025

Floor Plans

Description

NO CHAINREQUIRES SOME MODERNISATION** Three bedroom, extended semi-detached property for sale on Sheringham Avenue in Cleveleys. The property is situated in a quiet residential area and benefits from a spacious lounge, an open plan kitchen/dining room, three good size bedrooms, front and rear gardens. The property briefly comprises; porch, hallway, lounge, kitchen/dining room, study, landing, three bedrooms, shower room, wc, front and rear gardens, detached garage and driveway parking. CALL TO VIEW

GROUND FLOOR

PORCH
UPVC double glazed door and windows to the front aspect.

HALLWAY
Original stained glass window to the side aspect, stairs leading to first floor and radiator.

LOUNGE
6.11m x 3.45m (20'1 x 11'4)
UPVC double glazed bay window to front aspect, electric fire, radiator and double doors into kitchen/dining room.

KITCHEN/DINING ROOM
5.60m x 4.61m (18'4 x 15'1)
UPVC double glazed window and patio doors to the rear aspect. Fitted with a range of wall and base units, complementary work surfaces and tiled splash backs, sink and drainer with mixer tap, integrated double oven, dishwasher, gas hob, space for fridge/freezer, plumbed for washing machine and two radiators.

STUDY
3.69m x 2.24m (12'1 x 7'4)
UPVC double glazed window to the side aspect, storage under the stairs and radiator.

FIRST FLOOR

LANDING
Original stained glass window to the side aspect and loft hatch.

BEDROOM ONE
3.72m x 3.44m (12'3 x 11'3)
UPVC double glazed window to the rear aspect and radiator.

BEDROOM TWO
3.73m x 3.44m (12'3 x 11'3)
UPVC double glazed window to the front aspect and radiator.

BEDROOM THREE
2.27m x 2.05m (7'5 x 6'9)
UPVC double glazed window to the front aspect and radiator.

SHOWER ROOM
2.01m x 2.00m (6'7 x 6'7)
UPVC double glazed opaque window to the side aspect, walk in shower, wash hand basin, storage cupboard, loft hatch and wall mounted towel rail.

WC
UPVC double glazed window to the side aspect and low flush wc.

EXTERNAL

FRONT
Driveway parking, mature trees/shrubs and gated access to rear garden.

REAR
Mainly laid to lawn with paved patio area with mature trees/shrubs.

GARAGE
5.49m x 2.53 (18'0 x 8'4)
Door to the front aspect and window to the side, light and power.

TENURE
We have been informed that the property is Freehold; prospective purchasers should seek clarification of this from their solicitors.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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