2 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 5EN, £69,950

Salthouse Avenue, Blackpool, FY1 5EN - 5 views - 23 days ago

Refurb/BRRR
ROI: 8%
~68 m²
+4 photos

ValuationFair Value

Sold Prices£50K - £215K
Sold Prices/m²£604/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£71,349

 

 

End Value (After Refurb)

£64,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£4,698

Refurb Costs

£27,830

Bridging Loan Interest

£1,836

Total Cash In

£53,601

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£64,250

Mortgage (After Refinance)

£48,188

Mortgage LTV

75%

Cash Left In

£53,601

Equity

£16,063

Rent Range

£433 - £1,517

Rent Estimate

£737

Running Costs/mo

£368

Cashflow/mo

£369

Cashflow/yr

£4,426

ROI

8%

Gross Yield

13%

Local Sold Prices

50 sold prices from £50K to £215K, average is £84K. £604/m² to £2.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£54K12/200.08 mi5, Revoe Street, Blackpool FY1 5HN2
£67.5K06/230.14 mi31, Montrose Avenue, Blackpool FY1 4AS2
£65K05/230.15 mi52, Ashton Road, Blackpool FY1 4AQ2
£63.5K11/200.16 mi73, Ashton Road, Blackpool FY1 4AG2
£51K12/200.18 mi19, Freckleton Street, Blackpool FY1 4AW2
£71K06/210.2 mi30a, Kent Road, Blackpool FY1 5HB2
£62.5K12/200.21 mi19, Jameson Street, Blackpool FY1 4AJ2
£88K08/210.23 mi68, Lune Grove, Blackpool FY1 5PH2
£65K07/230.23 mi59, Ribble Road, Blackpool FY1 4AA2
£50K01/210.25 mi135, Ashton Road, Blackpool FY1 4AF2
£64K03/210.26 mi21, Henry Street, Blackpool FY1 5JG2
£73.5K01/210.35 mi9, Moon Avenue, Blackpool FY1 6EH2
£130K10/200.37 mi27, Salisbury Road, Blackpool FY1 5QJ2
£76K12/200.39 mi28, Seymour Road, Blackpool FY1 6JH2
£50K08/230.4 mi66, Sharow Grove, Blackpool FY1 5ND2
£60K01/210.4 mi4, Amberbanks Grove, Blackpool FY1 6DW2
£72K05/230.4 mi8, Amberbanks Grove, Blackpool FY1 6DW2
£80K06/210.45 mi3, Brecon Close, Blackpool FY1 5AY2
£215K01/230.5 mi1a, Somerset Avenue, Blackpool FY1 5QU2
£90K01/210.5 mi76, Cunliffe Road, Blackpool FY1 6RY2
£76.5K08/210.51 mi44, Portland Road, Blackpool FY1 4EF2
£75K12/200.51 mi72, Portland Road, Blackpool FY1 4EF2
£94K01/230.51 mi91, Cunliffe Road, Blackpool FY1 6RX2
£73K04/210.52 mi63, Alexandra Road, Blackpool FY1 6HW2
£93K08/210.56 mi189, Cunliffe Road, Blackpool FY1 6RU2
£97.2K11/200.56 mi244, Cunliffe Road, Blackpool FY1 6RU2
£120K04/220.56 mi72a, Saville Road, Blackpool FY1 6JT2
£135K03/230.57 mi17, Stoke Avenue, Blackpool FY1 6QB2
£120K07/210.58 mi89, Dunelt Road, Blackpool FY1 6LT2
£142K03/230.58 mi10, Lunedale Avenue, Blackpool FY1 6LL2
£90K10/210.58 mi27, Beardshaw Avenue, Blackpool FY1 6QA2
£124K08/210.59 mi13, Harlech Avenue, Blackpool FY1 6ND2
£128K07/210.6 mi26, Westfield Road, Blackpool FY1 6NY2
£143K10/200.63 mi53, Greenwood Avenue, Blackpool FY1 6RQ2
£68K08/230.66 mi28, Bagot Street, Blackpool FY1 6EZ2
£83K12/220.67 mi16, Lyceum Avenue, Blackpool FY3 9DS2
£110K04/210.69 mi28, Lightbown Avenue, Blackpool FY3 9JN2
£104K10/210.69 mi10, Lightbown Avenue, Blackpool FY3 9JN2
£80K05/230.69 mi12, Lightbown Avenue, Blackpool FY3 9JN2
£100K06/210.69 mi8, Lightbown Avenue, Blackpool FY3 9JN2
£75K10/210.7 mi26, Gladstone Street, Blackpool FY4 2AL2
£170K12/200.71 mi14, Greenwood Avenue, Blackpool FY1 6RF2
£125K04/210.71 mi3, Newcastle Avenue, Blackpool FY3 9DP2
£123K06/210.71 mi5, Newcastle Avenue, Blackpool FY3 9DP2
£85K08/210.71 mi28, Newcastle Avenue, Blackpool FY3 9DH2
£62K05/230.72 mi88, Newcastle Avenue, Blackpool FY3 9DH2
£115K06/210.75 mi48, Airedale Avenue, Blackpool FY3 9LH2
£60K12/200.76 mi1, Truro Street, Blackpool FY4 3BJ2
£105K04/210.76 mi31, Lindsay Avenue, Blackpool FY3 9LD2
£133K01/230.76 mi57, Lindsay Avenue, Blackpool FY3 9LD2

Local Rents

51 rents from £433/mo to £1.5K/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£45004/240.11 miFlat 5, Central Drive, Blackpool, FY1 5JN2
£60004/240.15 mi-2
£43304/240.15 mi-2
£90004/240.15 miAshton Road,Blackpool,FY12
£62503/250.2 mi-2
£59502/250.21 mi-2
£67504/240.22 miAnderson Street, Blackpool, FY12
£67004/240.22 miGrasmere Road, Blackpool2
£85012/240.24 mi-2
£85003/250.24 mi-2
£62504/240.25 miAshton Road, Blackpool2
£70004/240.25 miWestmorland Avenue, Blackpool2
£65005/240.25 miCentral Drive, Blackpool2
£70005/240.25 miCentral Drive, Blackpool2
£75004/240.26 miCoop Street, Blackpool, FY1 5AJ2
£85003/250.26 mi-2
£85002/240.27 mi-2
£80004/240.27 mi-2
£80012/240.27 mi-2
£80001/250.27 mi-2
£85003/250.27 mi-2
£55005/240.27 mi-2
£55005/240.27 mi-2
£60010/230.29 miLonsdale Road, Blackpool2
£52001/250.31 mi-2
£70004/240.31 miBack Palatine Road, Blackpool, FY1 4DA2
£80012/240.33 mi-2
£65001/250.35 mi-2
£65003/250.35 mi-2
£80012/240.35 mi-2
£70004/240.35 miMoon Avenue, Blackpool, FY1 6EH2
£1,25004/240.35 mi-2
£68512/240.37 mi-2
£65004/240.38 mi-2
£67502/250.38 mi-2
£67503/250.38 mi-2
£69504/240.4 miAmberbanks Grove, Blackpool2
£64903/250.44 mi-2
£62504/240.45 miSomerset Court, Blackpool, Lancashire, FY12
£60005/240.45 miSt. Heliers Road, Blackpool, FY1 6JE2
£1,51703/250.45 mi-2
£68004/240.46 miLytham Road, Blackpool2
£72004/240.46 miLytham Road, Blackpool2
£60003/250.46 mi-2
£85005/240.48 miClare Street, Blackpool, FY12
£85005/240.48 mi-2
£82503/250.48 mi-2
£56304/240.51 miPortland Road, Blackpool, FY1 4EF2
£55005/240.52 miPortland Road, Blackpool2
£99504/240.54 mi-2
£79512/240.54 mi-2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £69,950

March 12, 2025

Floor Plans

Description

  • Two DOUBLE bedrooms +
  • Two SEPARATE reception rooms +
  • Kitchen +
  • Shower Room +
  • Gas central heating +
  • UPVC double glazing +
  • Gardens +
  • GARAGE +
  • No chain. +
  • Close to PROMENADE +

GARDEN TERRACED HOME with GARAGE to the rear

This mid garden terraced house is well presented although would benefit from further modernisation. Excellent potential with TWO separate reception rooms, kitchen, TWO DOUBLE bedrooms and shower room.
There are gardens front and rear and an invaluable GARAGE to the rear.

Within just 0.5 miles of the PROMENADE / SEAFRONT.

No chain.

Agent Details

McDonald, Fylde Coast

01253 835493

Next Steps?

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