4 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY4 4NG, £190,000

Vicarage Lane, Blackpool, FY4 4NG - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~129 m²
+9 photos

ValuationUndervalued

Sold Prices£75K - £390K
Sold Prices/m²£662/m² - £2.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£205,000

 

 

End Value (After Refurb)

£192,347

Uplift in Value

+-6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£11,450

Refurb Costs

£52,913

Bridging Loan Interest

£4,988

Total Cash In

£118,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,347

Mortgage (After Refinance)

£144,260

Mortgage LTV

75%

Cash Released

£1,760

Cash Left In

£116,841

Equity

£48,087

Rent Range

£650 - £1,350

Rent Estimate

£850

Running Costs/mo

£791

Cashflow/mo

£59

Cashflow/yr

£707

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £390K, average is £189.5K. £662/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£150K06/230.21 mi9, Pavey Close, Blackpool FY4 4XS4
£190K10/200.21 mi362, Vicarage Lane, Blackpool FY4 4ND4
£185K12/200.21 mi360, Vicarage Lane, Blackpool FY4 4ND4
£135K07/210.23 mi1, Morley Road, Blackpool FY4 4EP4
£173K06/230.26 mi27, Colwyn Avenue, Blackpool FY4 4EU4
£150K01/230.27 mi2, Meanwood Avenue, Blackpool FY4 4LX4
£327.5K11/230.32 mi12, George Avenue, Blackpool FY4 4JR4
£195K12/200.35 mi159, Cherry Tree Road, Blackpool FY4 4PQ4
£170K06/230.35 mi57, Vicarage Lane, Blackpool FY4 4EF4
£122.5K12/200.38 mi19, Ord Avenue, Blackpool FY4 4DW4
£106K12/220.39 mi26, Sedbergh Avenue, Blackpool FY4 4DF4
£121.5K04/230.42 mi68, Newhouse Road, Blackpool FY4 4JJ4
£200K07/210.42 mi2, Nairn Close, Blackpool FY4 5DB4
£104K01/210.44 mi453, Waterloo Road, Blackpool FY4 4BW4
£177K12/200.45 mi246, Hawes Side Lane, Blackpool FY4 5AH4
£224.9K12/200.46 mi18, Carisbrooke Avenue, Blackpool FY4 5DA4
£335K05/230.52 mi8, Moss Way, Blackpool FY4 5BW4
£284K10/200.52 mi8, Moss Way, Blackpool FY4 5BW4
£310K07/210.56 mi4, Walkers Hill, Blackpool FY4 5BN4
£225K05/210.57 mi3, Gregson Close, Blackpool FY4 5RB4
£235K01/230.57 mi8, Gregson Close, Blackpool FY4 5RB4
£185K03/230.58 mi25, Webster Avenue, Blackpool FY4 3LL4
£184K05/210.58 mi15, Askrigg Close, Blackpool FY4 5RE4
£240K03/210.58 mi14, Askrigg Close, Blackpool FY4 5RE4
£189K06/210.59 mi4, South Park Drive, Blackpool FY3 9QA4
£215K05/210.59 mi3, Orchid Way, Blackpool FY4 5QB4
£250K12/220.59 mi74, Lomond Avenue, Blackpool FY3 9NB4
£156K08/210.59 mi72, Lomond Avenue, Blackpool FY3 9NB4
£190K09/210.59 mi35, Briercliffe Avenue, Blackpool FY3 9LY4
£93K01/210.63 mi26, Eccleston Road, Blackpool FY1 6NH4
£165K02/230.64 mi69, Greenwood Avenue, Blackpool FY1 6PR4
£278K05/230.64 mi343, Whitegate Drive, Blackpool FY3 9JR4
£218.7K06/210.64 mi345, Whitegate Drive, Blackpool FY3 9JR4
£300K11/210.65 mi5, Islay Close, Blackpool FY4 5PG4
£250K02/210.66 mi4, Dumbarton Close, Blackpool FY4 5NT4
£145K06/210.66 mi31, Harcourt Road, Blackpool FY4 3ET4
£255K03/210.67 mi110, Midgeland Road, Blackpool FY4 5HB4
£175K06/230.68 mi2, Winchester Avenue, Blackpool FY4 3AJ4
£120K01/210.68 mi5, Winchester Avenue, Blackpool FY4 3AJ4
£108K04/230.68 mi5, Winchester Avenue, Blackpool FY4 3AJ4
£128K01/210.68 mi84, Henson Avenue, Blackpool FY4 3LY4
£390K09/220.7 mi2, Matthews Court, Blackpool FY4 2BT4
£100K07/230.72 mi44, Kirkham Avenue, Blackpool FY1 6RJ4
£350K11/230.75 mi176, St Annes Road, Blackpool FY4 2BL4
£283K03/230.84 mi319, St Annes Road, Blackpool FY4 2EE4
£255K07/230.84 mi228, Preston New Road, Blackpool FY4 4RE4
£215K02/230.85 mi16, Worcester Road, Blackpool FY3 9RQ4
£115K12/200.86 mi3, Thirsk Grove, Blackpool FY1 5NH4
£190K03/230.87 mi27, Lostock Gardens, Blackpool FY4 3PP4
£75K02/230.88 mi25, Abbotsford Road, Blackpool FY3 9RX4

Local Rents

28 rents from £650/mo to £1.4K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£90004/240.17 mi-3
£89512/240.19 mi-3
£97503/250.19 mi-3
£89505/240.19 miVicarage Lane, Blackpool, FY43
£79504/240.27 miSt. Edmunds Road, Blackpool3
£1,35004/240.28 miMeanwood Avenue, Blackpool4
£69505/240.29 mi21 Crossland Road3
£65004/240.33 miSedburgh Avenue, Blackpool3
£87505/240.34 mi-3
£87503/250.34 mi-3
£70012/240.38 mi-3
£85004/240.39 miSedbergh Avenue, Blackpool3
£70002/240.4 miHouseman Place, Blackpool, FY4 5AE3
£75004/240.43 mi-3
£75004/240.43 miDewhurst Avenue, Blackpool, FY43
£80004/240.44 miPhillip Street, Blackpool, Lancashire, FY43
£77505/240.44 miPowell Avenue, Blackpool, FY4 3HQ3
£77504/240.44 miMarsden Road, Blackpool3
£80004/240.47 miSouthbank Avenue, Blackpool, FY4 5BU3
£75005/240.49 miHarcourt Road, Blackpool, FY4 3HW3
£80012/230.51 mi-3
£95011/240.51 mi-3
£90002/250.53 mi-3
£82503/250.56 mi-3
£87504/240.58 miAskrigg Close, Blackpool, Lancashire, FY43
£75005/240.59 mi-3
£1,25011/240.59 mi-4
£95004/240.62 miHarris Avenue, FY1 6NJ3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.49 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

Price changed to £190,000

March 20, 2025

Listed for £205,000

March 6, 2025

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Generous Sized Four Bedroom Semi Detached House +
  • Two Reception Rooms, Amazing Sized Kitchen Diner/Family Room +
  • Ground Floor En-suite Bedroom off The Family Area +
  • Shower Room, Garage, Larger Than Average Rear Garden +

Internal inspection is absolutely essential in order to appreciate the size and configuration of accommodation to be found in this traditional semi detached house that would be ideal for the growing family.

In an established and ever popular location well placed for local amenities together with an enclosed larger than average rear garden. Off road driveway parking to the front and a larger than average garage providing integral access from the house.

Comprises: Hallway, lounge opening into the inner hallway, ground floor wc and sitting room that in turn opens into the inner hallway and the fantastic sized kitchen diner/family room with a glazed ceiling and French doors lending access to the generous rear garden. From the kitchen diner, there is access to a the breakfast room. Bedroom four with en-suite bathroom is located off the kitchen family room (The doors would need to be re-instated to create a true bedroom). There is a further room off the kitchen which would make a great utility room/office.

To the first floor, there are three bedrooms and a four piece shower room.

Generously proportioned and flexible living space requiring modernisation and redecoration and offering fantastic potential. The rear section of the garage was originally a bedroom which was removed to create a larger garage but could easily be converted back to create a fifth bedroom (subject to any necessary permissions).

Highly recommended.

Council Tax Information: Band C

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Fylde Coast

01253 835297

Next Steps?

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