3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 7EN, £40,000

170 Kingscote Drive, Blackpool, FY3 7EN - 3 views - 24 days ago

Auction
Refurb/BRRR
ROI: 12%
65 m²
+12 photos

ValuationFair Value

Sold Prices£57.5K - £197K
Sold Prices/m²£625/m² - £2.2K/m²

 

 

Square Metres

64.89 m²
Price/m²£616/m²

Value Estimate

£40,400

 

 

End Value (After Refurb)

£80,111

Uplift in Value

+100%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Refurb Costs

£26,507

Bridging Loan Interest

£1,050

Total Cash In

£42,507

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£80,111

Mortgage (After Refinance)

£60,083

Mortgage LTV

75%

Cash Released

£30,083

Cash Left In

£12,423

Equity

£20,028

Rent Range

£715 - £1,150

Rent Estimate

£890

Running Costs/mo

£448

Cashflow/mo

£442

Cashflow/yr

£5,300

ROI

12%

Gross Yield

27%

Local Sold Prices

50 sold prices from £57.5K to £197K, average is £114.8K. £625/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£124K07/210.06 mi207, Kingscote Drive, Blackpool FY3 7EW3
£93K03/210.06 mi57, Grenfell Avenue, Blackpool FY3 7BS3
£109K10/210.1 mi33, Grange Road, Blackpool FY3 8EJ3
£79K10/200.1 mi31, Grange Road, Blackpool FY3 8EJ3
£95K03/230.12 mi85, Grange Road, Blackpool FY3 8PJ3
£69K12/200.13 mi70, Scorton Avenue, Blackpool FY3 7HD3
£88K02/210.17 mi53, Larbreck Avenue, Blackpool FY3 8EF3
£100K03/210.17 mi68, Larbreck Avenue, Blackpool FY3 8EF3
£139.9K01/210.18 mi10, Nethway Avenue, Blackpool FY3 8JU3
£115K04/210.19 mi4, Beckway Avenue, Blackpool FY3 8JY3
£85K02/230.2 mi14, Hockley Place, Blackpool FY3 7NY3
£175K06/230.2 mi147, St Walburgas Road, Blackpool FY3 7EY3
£154K03/230.2 mi9, Norwood Avenue, Blackpool FY3 7DJ3
£186.5K04/230.21 mi50, Westcliffe Drive, Blackpool FY3 7HG3
£122K01/210.25 mi2, St Bernard Avenue, Blackpool FY3 7EH3
£100K01/230.25 mi81, Layton Road, Blackpool FY3 8HR3
£115K06/230.26 mi19, Blairway Avenue, Blackpool FY3 8LB3
£103K03/230.27 mi12, Pelham Avenue, Blackpool FY3 7HS3
£80K01/230.27 mi27, Cameron Avenue, Blackpool FY3 8RF3
£110K02/230.27 mi10, Pelham Avenue, Blackpool FY3 7HS3
£185K12/220.28 mi187, St Walburgas Road, Blackpool FY3 7EF3
£95K03/210.29 mi7, Campbell Avenue, Blackpool FY3 8RG3
£90K04/210.29 mi30, Whittaker Avenue, Blackpool FY3 8RE3
£136K03/210.29 mi8, Caledonian Avenue, Blackpool FY3 8RB3
£120K11/200.3 mi53, Lakeway, Blackpool FY3 8PE3
£135K03/210.3 mi45, Lakeway, Blackpool FY3 8PE3
£90K01/210.3 mi11, Sherwood Avenue, Blackpool FY3 7HT3
£151.5K05/230.31 mi78, Bardsway Avenue, Blackpool FY3 8JR3
£127K03/210.31 mi1, Annesley Avenue, Blackpool FY3 7JD3
£150K04/230.31 mi10, Beetham Place, Blackpool FY3 8HL3
£120K04/230.32 mi76, Lakeway, Blackpool FY3 8PF3
£140K01/230.32 mi86, Fordway Avenue, Blackpool FY3 8JN3
£93K11/210.34 mi24, Layton Road, Blackpool FY3 8HT3
£145K07/230.34 mi32, Layton Road, Blackpool FY3 8HT3
£160K05/230.36 mi30, Deneway Avenue, Blackpool FY3 8JQ3
£110K06/210.36 mi68, Chepstow Road, Blackpool FY3 7PJ3
£197K11/210.37 mi94, Ingleway Avenue, Blackpool FY3 8JG3
£84K03/210.37 mi3, Stirling Road, Blackpool FY3 8RX3
£90K03/210.37 mi6, Stirling Road, Blackpool FY3 8RX3
£93K11/200.37 mi35, Ramsey Avenue, Blackpool FY3 7AG3
£132K10/210.38 mi7, Foxdale Avenue, Blackpool FY3 7AJ3
£162.5K01/230.38 mi24, Ingleway Avenue, Blackpool FY3 8JJ3
£130K04/210.39 mi40, Mansfield Road, Blackpool FY3 7AE3
£57.5K11/200.4 mi34, Peel Avenue, Blackpool FY3 7AF3
£87.5K11/200.41 mi51, Poulton Road, Blackpool FY3 7DS3
£95.5K10/210.41 mi17, Fordway Avenue, Blackpool FY3 8HD3
£142K12/220.41 mi3, Cannock Avenue, Blackpool FY3 7HH3
£125K07/210.41 mi12, Cannock Avenue, Blackpool FY3 7HH3
£114.6K02/230.42 mi35, Birchway Avenue, Blackpool FY3 8EZ3
£78.5K11/200.42 mi94, Mansfield Road, Blackpool FY3 7HZ3

Local Rents

33 rents from £715/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£1,00003/250.08 mi-3
£80003/250.13 mi-3
£79504/240.19 miBeckway Avenue, Blackpool3
£80004/240.23 mi-3
£92504/240.29 mi-3
£87510/230.33 mi-3
£1,05012/240.33 mi-3
£1,05003/250.33 mi-3
£95008/230.36 mi-3
£72502/240.36 mi-3
£82504/240.37 miMeyler Avenue, Blackpool, FY33
£82505/240.37 mi-3
£95004/240.41 miDeneway Avenue, Blackpool3
£1,05002/250.43 mi-3
£90002/250.44 mi-3
£72504/240.48 mi-3
£95004/240.49 mi-3
£95005/240.49 mi-3
£95004/240.49 miWades Court, Blackpool, FY33
£92503/240.5 mi-3
£71505/240.5 mi-3
£71505/240.5 mi-3
£71505/240.5 miLayton Road, Blackpool, FY33
£85004/240.52 miDevonshire Road, Blackpool, Lancashire, FY33
£1,15003/250.53 mi-3
£82504/240.55 miCarleton Avenue, Blackpool3
£79504/240.55 miArgosy Avenue, Blackpool, Lancashire, FY33
£85004/240.56 miCoopers Way, Blackpool, FY13
£90006/240.57 miMexford Avenue, Blackpool3
£80005/240.58 miManchester Road, Blackpool, FY3 8BP3
£1,00002/250.59 mi-3
£1,10003/250.59 mi-3
£75004/240.61 miManchester Road, Blackpool, FY3 8DN3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £40,000

March 7, 2025

Description

LOT 104 FOR SALE BY ONLINE AUCTION on 26th March 2025

Six Week Completion or Earlier

Freehold House Vacant Possession

Situated on Kingscote Drive, close to the amenities available in Blackpool Town Centre and travelling facilities including Layton and Blackpool North Train Stations. Kingscote Park, Blackpool is also nearby.

A Semi-Detached House requiring modernisation with accommodation arranged on Two Floors comprising:

First Floor
Three Rooms

Ground Floor
Entrance Hall
Through Reception Room
Kitchen
Shower/WC (not fitted)
Conservatory

Driveway Providing Off-Street Parking

Garden at Rear

Tenancy
Vacant Possession

EPC Rating
D

Council Tax Band
B

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Agent Details

McHugh & Co, London

020 3907 9877

Next Steps?

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