4 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY2 9EL, £200,000

Waller Avenue, Bispham, FY2 9EL - a month ago

Under Offer
Refurb/BRRR
ROI: 2%
~129 m²
+17 photos

ValuationUndervalued

Sold Prices£113K - £480K
Sold Prices/m²£998/m² - £4.2K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£205,055
BMV3%

 

 

End Value (After Refurb)

£194,646

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£52,815

Bridging Loan Interest

£5,250

Total Cash In

£121,015

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,646

Mortgage (After Refinance)

£145,985

Mortgage LTV

75%

Cash Left In

£121,015

Equity

£48,662

Rent Range

£650 - £1,600

Rent Estimate

£1,018

Running Costs/mo

£832

Cashflow/mo

£186

Cashflow/yr

£2,234

ROI

2%

Gross Yield

6%

Local Sold Prices

39 sold prices from £113K to £480K, average is £230K. £998/m² to £4.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£167K02/230.07 mi78, Montpelier Avenue, Bispham, Blackpool FY2 9EH4
£160K04/230.12 mi34, Everest Drive, Bispham, Blackpool FY2 9DP4
£221K06/230.15 mi19, Sandhurst Avenue, Bispham, Blackpool FY2 9AU4
£185K09/210.15 mi9, Sandhurst Avenue, Bispham, Blackpool FY2 9AU4
£224K04/210.19 mi6, Madison Avenue, Blackpool FY2 9HE4
£235K06/210.19 mi15, Madison Avenue, Blackpool FY2 9HE4
£170K06/210.27 mi25, Sunny Bank Avenue, Blackpool FY2 9EQ4
£217.5K11/200.28 mi31, Boston Avenue, Blackpool FY2 9DA4
£300K01/230.31 mi601, Devonshire Road, Bispham, Blackpool FY2 0AR4
£432.5K11/200.31 mi615, Devonshire Road, Blackpool FY2 0AR4
£185K01/210.34 mi278, Bispham Road, Bispham, Blackpool FY2 0HQ4
£390K10/220.35 mi532, Devonshire Road, Bispham, Blackpool FY2 0JT4
£255K06/210.37 mi38, Guildford Avenue, Blackpool FY2 9BE4
£145K04/230.39 mi61, Hesketh Avenue, Bispham, Blackpool FY2 9JX4
£173.5K11/210.4 mi61, All Hallows Road, Blackpool FY2 0AY4
£305K03/230.44 mi527, Devonshire Road, Bispham, Blackpool FY2 0JX4
£209.9K08/210.44 mi8, Carlton Grove, Blackpool FY2 9LA4
£123K11/200.5 mi32, Cavendish Road, Blackpool FY2 9JR4
£245K11/200.53 mi81, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1SB4
£210K09/210.66 mi172, Holmfield Road, Blackpool FY2 9PU4
£155K05/210.71 mi93, Inver Road, Blackpool FY2 0RQ4
£113K03/210.72 mi60, Pinewood Avenue, Blackpool FY2 0EF4
£200K06/210.75 mi15, Pembroke Avenue, Blackpool FY2 9PS4
£400K03/210.76 mi182, Bispham Road, Blackpool FY2 0LA4
£365K06/210.88 miNew Cottage, Whiteholme Road, Thornton-cleveleys, Blackpool FY5 3HX4
£294.8K05/210.89 mi3, Poolhill Close, Thornton-cleveleys, Blackpool FY5 3HL4
£230K11/210.89 mi21, Wolverton Avenue, Blackpool FY2 9NU4
£480K04/230.9 mi128, Cornwall Avenue, Bispham, Blackpool FY2 9QR4
£145K12/200.9 mi144, Cornwall Avenue, Bispham, Blackpool FY2 9QR4
£169.9K03/210.91 mi189, Warbreck Drive, Blackpool FY2 9RA4
£159.9K02/210.91 mi141, Warbreck Drive, Blackpool FY2 9RA4
£250K08/230.91 mi37, Winchcombe Road, Thornton-cleveleys, Blackpool FY5 3HJ4
£276K12/220.94 mi5, Tarragon Drive, Blackpool FY2 0WH4
£245K10/200.95 mi52, Tarragon Drive, Blackpool FY2 0WN4
£285K09/210.96 mi12, Fennel Close, Blackpool FY2 0WA4
£232K08/220.96 mi8, Fennel Close, Blackpool FY2 0WA4
£270K11/210.97 mi416, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3PJ4
£232K05/210.97 mi418, Ashfield Road, Thornton-cleveleys, Blackpool FY5 3PJ4
£247.9K06/211 mi4, Thyme Close, Blackpool FY2 0WD4

Local Rents

44 rents from £650/mo to £1.6K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£85005/240.12 miSandhurst Avenue, Bispham, FY2 9EB3
£90012/230.12 mi-3
£97503/250.12 mi-3
£1,20004/240.14 mi-3
£85004/240.14 mi-3
£1,25004/240.15 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.15 miMontpelier Avenue, Blackpool, FY23
£1,15005/240.15 miMontpelier Avenue, Blackpool, FY23
£1,25006/240.15 mi-3
£1,15006/240.15 mi-3
£1,25003/250.15 mi-3
£95002/250.18 mi-3
£85004/240.18 miDevonshire Road, Bispham3
£1,10005/240.19 miRivington Avenue, Bispham, Blackpool3
£99504/240.19 mi-3
£89504/240.19 mi-3
£99504/240.19 mi-3
£99504/240.19 mi-3
£99505/240.19 mi-3
£1,00004/240.22 miDevonshire Road, Bispham, Blackpool3
£1,35001/250.25 mi-4
£1,30001/250.26 mi-4
£96003/250.26 mi-4
£65004/240.26 mi340 Queens Promenade, Blackpool3
£69504/240.29 miDales View, Queens Promenade, Blackpool, FY2 9AB3
£89505/240.33 miCavendish Road, FY23
£1,60006/240.34 mi-6
£1,60005/240.34 miDevonshire Road, Blackpool, FY26
£89504/250.4 mi-3
£89504/240.46 miEdenvale Avenue, FY23
£1,15004/240.47 miCliff Place, Bispham5
£1,15005/240.47 mi3 Cliff Place, Bispham, Blackpool. FY2 9JT3
£85005/240.51 miBuxton Avenue, FY23
£89505/240.55 mi-3
£89505/240.55 mi-3
£89505/240.55 mi-3
£92505/240.56 miInver Road, Blackpool, Lancashire3
£92504/240.56 miInver Road, Blackpool, FY2 0LW3
£87504/240.56 miInver Road, Blackpool, FY2 0LW3
£87505/240.56 miInver Road, Blackpool, FY2 0LW3
£89504/240.57 miAdmiral Gardens, Bispham3
£87512/230.57 mi-3
£80004/240.58 mi-3
£92504/240.62 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.42 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £200,000

March 19, 2025

Floor Plans

Description

NO CHAINREQUIRES MODERNISATION** Four bedroom semi detached family home situated on Waller Avenue in Bispham. The property requires modernisation throughout and would make a amazing family home, is ideally located for local shops, schools and the promenade and features spacious rooms throughout. The property offers two receptions rooms, integral garage, good size bedrooms and a large rear garden. Accommodation briefly comprises; porch, hallway, lounge, dining room, kitchen, integral garage, four bedrooms, bathroom, rear garden and driveway parking. CALL TO VIEW

GROUND FLOOR

PORCH
Double door to the front aspect and meter cupboard.

HALLWAY
Door to the front aspect, radiator and stairs leading to first floor and internet/phone sockets in hallway under telephone stand

LOUNGE
4.49m x 3.70m (14'9 x 12'2)
Upvc double glazed bay window to the front aspect, tv aerial and satellite point, featured fire place and radiator.

DINING ROOM
4.86m x 3.20m (15'11 x 10'6)
Upvc double glazed window to rear aspect, featured fire place and radiator.

KITCHEN/DINER
5.48m x 2.98m (18'0 x 9'9)
Two upvc double glazed windows to the rear aspect and door to the side aspect. Fitted kitchen with a range of wall and base units with complimentary work surfaces, sink with mixer tap and drainer, space for fridge/freezer, plumbed for washer and dryer, integrated oven and grill, Halogen hob with extractor fan and door into garage.

GARAGE
Upvc double glazed window to the side aspect, electric up and over door, water tap, light and power, boiler.

FIRST FLOOR

LANDING
Loft hatch with which is boarded loft with aluminium drop down ladder access.

BEDROOM ONE
4.50m x 3.20m (14'9 x 10'6)
Upvc double glazed bay window to the front aspect, a range of fitted wardrobes, tv aerial point and radiator.

BEDROOM TWO
4.87m x 3.20m (16'0 x 10'6)
Upvc double glazed window to the rear aspect, a range of fitted wardrobes, tv aerial point and radiator.

BEDROOM THREE
4.60m x 2.88m (15'1 x 9'5)
Upvc double glazed window to the front and side aspect and radiator.

BEDROOM FOUR
2.15m x 21.15m (7'1 x 7'1)
Upvc double glazed window to the front aspect and radiator.

BATHROOM
2.44m x 2.44m (8'0 x 8'0)
Upvc double glazed window to the rear aspect. Four piece suite comprising of; wash hand basin, corner panelled bath, shower cubical, low flush wc, bidet and radiator.

EXTERNAL

FRONT
Driveway providing off street parking and mature trees/shrubs.

REAR
Mainly laid lawn with planted boarders, mature trees and shrubs and shed with 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?

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