3 Bed Bungalow, Refurb/BRRR, Thornton-Cleveleys, FY5 3DL, £185,000

22 Kelverdale Road, Thornton-Cleveleys, FY5 3DL - a month ago

Refurb/BRRR
ROI: 1%
96 m²
+12 photos

ValuationOvervalued

Sold Prices£75K - £255K
Sold Prices/m²£714/m² - £2.8K/m²

 

 

Square Metres

96 m²
Price/m²£1.9K/m²

Value Estimate

£181,007

 

 

End Value (After Refurb)

£194,118

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£38,901

Bridging Loan Interest

£4,856

Total Cash In

£102,207

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,118

Mortgage (After Refinance)

£145,588

Mortgage LTV

75%

Cash Released

£6,838

Cash Left In

£95,369

Equity

£48,529

Rent Range

£695 - £1,200

Rent Estimate

£911

Running Costs/mo

£809

Cashflow/mo

£102

Cashflow/yr

£1,226

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £255K, average is £147.5K. £714/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£157K10/210.1 mi76, Sevenoaks Drive, Thornton-cleveleys, Blackpool FY5 3BZ3
£140K05/210.13 mi21, Oldbury Place, Thornton-cleveleys, Blackpool FY5 3DR3
£140K05/230.14 mi7, Kinnerton Place, Thornton-cleveleys, Blackpool FY5 3DG3
£147.5K05/230.14 mi21, Kinnerton Place, Thornton-cleveleys, Blackpool FY5 3DG3
£147.5K05/230.19 mi4, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ3
£117.5K11/220.19 mi14, Idlewood Place, Thornton-cleveleys, Blackpool FY5 3SJ3
£215K07/230.24 mi18, Priestfield, Thornton-cleveleys, Lancashire FY5 3QQ3
£176K06/230.24 mi19, Priestfield, Thornton-cleveleys, Lancashire FY5 3QQ3
£131K07/210.25 mi25, Sanderling Close, Thornton-cleveleys, Lancashire FY5 3FN3
£75K02/230.25 mi22, Thorncross, Thornton-cleveleys, Lancashire FY5 3FJ3
£180K05/210.26 mi8, Plainmoor Drive, Thornton-cleveleys, Lancashire FY5 3QJ3
£173K08/210.28 mi25, Prenton Gardens, Thornton-cleveleys, Lancashire FY5 3RR3
£207.5K03/230.33 mi16, Emerald Close, Thornton-cleveleys, Blackpool FY5 3LH3
£222K05/210.35 mi450, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3JA3
£134K01/210.36 mi1, Bunting Place, Thornton-cleveleys, Lancashire FY5 3FF3
£235K07/210.39 mi10, Halford Place, Thornton-cleveleys, Blackpool FY5 3HP3
£152K01/230.41 mi18, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£215K08/230.43 mi51, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ3
£255K02/210.43 mi32, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ3
£142K03/210.44 mi16, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£136K08/210.44 mi25, Gladstone Way, Thornton-cleveleys, Lancashire FY5 3TL3
£185K06/230.46 mi10, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£170K02/210.46 mi48, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£220K06/230.46 mi30, Deerhurst Road, Thornton-cleveleys, Blackpool FY5 3HG3
£127K12/200.48 mi160, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3BP3
£130K07/230.5 mi14, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HP3
£160K03/230.5 mi10, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HP3
£167K12/210.52 mi11, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HW3
£145K11/210.53 mi17, Neville Drive, Thornton-cleveleys, Lancashire FY5 5EY3
£132K12/200.55 mi43, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HL3
£142K12/220.55 mi29, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HL3
£138.9K09/210.55 mi28, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HN3
£153K11/210.55 mi310, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£115K02/210.55 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.55 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£110K10/210.56 mi68, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BQ3
£130K01/210.56 mi2, Pinewood Avenue, Thornton-cleveleys, Lancashire FY5 5EN3
£130K06/210.57 mi95, Luton Road, Thornton-cleveleys, Blackpool FY5 3QY3
£137K01/210.6 mi24, Neville Avenue, Thornton-cleveleys, Blackpool FY5 3BG3
£156K04/210.6 mi4, Keats Close, Blackpool FY2 0GF3
£130K02/210.6 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£160K03/210.6 mi11, Knowle Avenue, Thornton-cleveleys, Lancashire FY5 3PW3
£160K04/210.61 mi37, Meadows Avenue, Thornton-cleveleys, Lancashire FY5 2TN3
£163K01/230.61 mi71, Tennyson Drive, Bispham, Blackpool FY2 0GH3
£148K09/210.61 mi63, Tennyson Drive, Blackpool FY2 0GH3
£168K12/200.62 mi7, Thornleigh Close, Thornton-cleveleys, Lancashire FY5 2WB3
£85K02/210.63 mi14, Bleasdale Avenue, Thornton-cleveleys, Blackpool FY5 3QZ3
£106K04/210.64 mi107, Anchorsholme Lane East, Thornton-cleveleys, Blackpool FY5 3AT3
£155K04/210.64 mi5, Housman Close, Blackpool FY2 0FX3
£117K07/230.64 mi380, North Drive, Thornton-cleveleys, Blackpool FY5 3PF3

Local Rents

51 rents from £695/mo to £1.2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£1,15003/240.17 mi-3
£1,15009/240.17 mi-3
£1,10004/240.33 miHeriot Close, Thornton-Cleveleys3
£89504/240.51 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£87504/240.52 miWarren Grove, Thornton-Cleveleys3
£69504/250.54 mi-3
£95002/250.61 mi-3
£85004/240.64 miNorth Drive, Thornton-Cleveleys, Lancashire, FY53
£87504/250.64 mi-3
£82504/240.69 mi-3
£92704/240.71 miNorth Drive, Cleveleys, FY53
£93204/240.71 mi-3
£97503/250.71 mi-3
£90002/240.74 mi-3
£82505/240.74 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£82512/240.74 mi-3
£99504/240.75 miWendover Road, Poulton-Le-Fylde, Lancashire, FY63
£87512/230.77 mi-3
£87512/240.82 miSaville Avenue, Poulton-Le-Fylde, Lancashire, FY63
£85001/250.84 mi-3
£75003/240.86 mi-3
£70004/240.86 miVictoria Road West3
£82504/240.88 miKilmory Place, Bispham, Blackpool, FY23
£85012/230.9 mi-3
£99504/240.92 mi-3
£99504/240.92 mi-3
£89504/240.92 mi-3
£99504/240.92 mi-3
£99504/240.92 mi-3
£85003/250.94 mi-3
£80004/240.95 mi-3
£1,00004/240.96 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£87504/250.96 mi-3
£80004/240.96 miElms Avenue, Thornton-Cleveleys3
£95004/240.97 miDaleford Close, Thornton-Cleveleys, Lancashire, FY53
£87502/240.98 mi-3
£89512/240.98 mi-3
£87503/250.99 mi-3
£85001/241.01 mi-3
£92504/241.03 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£77504/241.03 miBancroft Avenue, Thornton-Cleveleys, FY53
£77505/241.03 mi-3
£1,20003/251.04 mi-3
£72504/241.05 miTrunnah Road, Thornton-cleveleys, FY5 4HF3
£95004/241.06 mi-3
£1,00005/241.06 mi-3
£1,00005/241.06 mi-3
£1,00012/241.06 mi-3
£95005/241.06 miBeechwood Grove, FY23
£1,00003/241.07 mi-3
£1,00002/251.07 mi-3

Local Area Statistics

Population in FY5

44,800

Town centre distance

0.76 miles away

Nearest school

0.40 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £185,000

March 14, 2025

Floor Plans

Description

  • Three Bedroom Dorma Bunglaow +
  • Semi Detached +
  • Off Road Parking +
  • Large Living Area +
  • Ground Floor Bedroom +
  • Modern Kitchen +
  • Modern Shower Room +
  • Garage Converted into a Bar Area +

Nestled on Kelverdale Road in Thornton-Cleveleys, this delightful semi-detached dormer bungalow offers a perfect blend of comfort and style. The property boasts three well-proportioned bedrooms, making it an ideal home for families or those seeking extra space.

Upon entering, you are greeted by a spacious living area that invites relaxation and social gatherings. The large living room flows seamlessly. The conservatory providing an excellent space to enjoy the garden views and natural light throughout the day. This versatile area is perfect for entertaining guests or simply unwinding after a long day.

The well-appointed bathroom ensures convenience for all residents and guests alike.

One of the standout features of this property is the garage, which has been thoughtfully converted into a stylish bar, perfect for hosting friends and family. This unique addition adds functionality to the home.

Externally, the property offers parking for two vehicles, ensuring ease of access for you and your guests. Making it a wonderful place to call home.

This bungalow is ready to move into, allowing you to settle in without the hassle of renovations. With its prime location and charming features, this property is a fantastic opportunity for anyone looking to enjoy the best of Thornton-Cleveleys.

Front Of Property - Access from main road onto private off road parking with gated access to shared driveway with space for 2 cars. There is also access from here to the rear garden. To the front there is a walkway and artificial grassed area.

Lounge - Great sized living area with double glazed windows, gas central heating and an electric fire with surround. The room offers great space and there is an area for a dining table if required.

Kitchen - Beautiful modern kitchen which offers wall and base units and good worktop space. There is a host of built in appliances on offer along with wooden flooring and spot lights. The kitchen has open access to the conservatory.

Conservatory - Great sized room with double glazed patio door's leading to the rear garden, power point and gas central heating.

Bedroom One - Double bedroom situated on the ground floor which offers great storage space and benefits from gas central heating and large window overlooking the conservatory.

Shower Room - Modern shower room with a three piece suite which includes a walk in shower unit with overhead shower, Low flush WC and mixed tap wash hand basin. The room comes with vinyl flooring and a double glazed opaque window to the rear.

Upper Lever - Stairway to upper bedrooms and has storage is the eaves and houses the boiler.

Bedroom Two - Good sized double bedroom with storage space and electric storage heaters and double glazed window.

Bedroom Three - Double bedroom with storage space and double glazed window with electric storage heater.

Rear Garden - Lovely well maintained rear garden with artificial grass and paved walk way and access to the garage which has been converted into a bar area.

Bar Area - The garage has been converted into a bar area which has power, tv points and lighting.

Agent Details

Pinpoint Properties, Fleetwood

01253 835647

Next Steps?

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