2 Bed Bungalow, Refurb/BRRR, Poulton-le-Fylde, FY6 9EB, £245,000

Riverside Drive, Hambleton, FY6 9EB - 1 views - 21 days ago

Refurb/BRRR
ROI: 1%
~68 m²
+21 photos

ValuationOvervalued

Sold Prices£80K - £360K
Sold Prices/m²£1.4K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£170,897

 

 

End Value (After Refurb)

£189,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£13,450

Refurb Costs

£27,660

Bridging Loan Interest

£6,431

Total Cash In

£110,541

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£189,000

Mortgage (After Refinance)

£141,750

Mortgage LTV

75%

Cash Left In

£110,541

Equity

£47,250

Rent Range

£525 - £1,800

Rent Estimate

£896

Running Costs/mo

£790

Cashflow/mo

£106

Cashflow/yr

£1,274

ROI

1%

Gross Yield

4%

Local Sold Prices

51 sold prices from £80K to £360K, average is £160K. £1.4K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£159.9K09/210.02 mi15, Willowcroft Drive, Hambleton, Poulton-le-fylde, Lancashire FY6 9EJ2
£133K11/200.17 mi15, Sandicroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9BP2
£185K11/210.17 mi44, Sandicroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9BP2
£160K09/210.17 mi45, Sandicroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9BP2
£195K06/230.17 mi5, Sandicroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9BP2
£200K05/230.18 mi3, Birchwood Drive, Hambleton, Poulton-le-fylde, Lancashire FY6 9AQ2
£290K10/210.2 mi12, Birchwood Drive, Hambleton, Poulton-le-fylde, Lancashire FY6 9AQ2
£133.5K03/210.21 mi9, Meadowcroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9AD2
£160K11/210.24 mi20, Ryecroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9AB2
£153K03/230.24 mi2, Ryecroft Avenue, Hambleton, Poulton-le-fylde, Lancashire FY6 9AB2
£250K02/210.3 miHigh Tae, Sandy Lane, Hambleton, Poulton-le-fylde, Lancashire FY6 9AA2
£127.5K10/220.33 mi12, Carr Lane, Hambleton, Poulton-le-fylde, Lancashire FY6 9AZ2
£137K03/210.36 mi5, Ingol Grove, Hambleton, Poulton-le-fylde, Lancashire FY6 9DN2
£80K06/210.46 mi1, Crooklands Gardens, Hambleton, Poulton-le-fylde, Lancashire FY6 9EY2
£155K06/210.46 mi12, Woodland Close, Hambleton, Poulton-le-fylde, Lancashire FY6 9EG2
£189K08/230.5 mi3, Fairmont Drive, Hambleton, Poulton-le-fylde, Lancashire FY6 9EF2
£190K07/230.5 mi12, Arthurs Lane, Hambleton, Poulton-le-fylde, Lancashire FY6 9AT2
£360K09/230.5 mi14, Arthurs Lane, Hambleton, Poulton-le-fylde, Lancashire FY6 9AT2
£175K12/200.93 mi3, Carr Close, Hambleton, Poulton-le-fylde, Lancashire FY6 9EW2
£257.5K12/201.2 mi12, Woodhouse Road, Thornton-cleveleys, Lancashire FY5 5LQ2
£275K07/231.2 mi18, Woodhouse Road, Thornton-cleveleys, Lancashire FY5 5LQ2
£275K07/231.2 mi18, Woodhouse Road, Thornton-cleveleys, Lancashire FY5 5LQ2
£145K12/201.35 mi1, Rosewood Close, Thornton-cleveleys, Lancashire FY5 4EW2
£198.9K01/231.36 mi4, Southdown Drive, Thornton-cleveleys, Lancashire FY5 5BL2
£119K12/201.37 mi8, Tuxbury Drive, Thornton-cleveleys, Lancashire FY5 5NF2
£175K02/231.38 mi9, Troon Avenue, Thornton-cleveleys, Lancashire FY5 5AJ2
£129.9K01/211.39 mi3, Willowdale, Thornton-cleveleys, Lancashire FY5 5JW2
£155K06/211.4 mi8, Fieldhouse Avenue, Thornton-cleveleys, Lancashire FY5 4ER2
£153K01/211.43 mi3, Hillside Close, Thornton-cleveleys, Lancashire FY5 5BG2
£186K02/231.45 mi19, Dianne Road, Thornton-cleveleys, Lancashire FY5 4EF2
£135K12/221.45 mi25, Roscoe Avenue, Thornton-cleveleys, Lancashire FY5 4FW2
£160K11/211.46 mi10, Gateway Close, Thornton-cleveleys, Lancashire FY5 5AZ2
£178K03/211.49 mi1, Royston Road, Poulton-le-fylde, Lancashire FY6 7JX2
£166K10/211.54 mi7, Royston Road, Poulton-le-fylde, Lancashire FY6 7JX2
£145K11/211.57 mi24, Riversway, Poulton-le-fylde, Lancashire FY6 7JT2
£173.9K09/231.57 mi29, Riversway, Poulton-le-fylde, Lancashire FY6 7JT2
£207K12/231.57 mi28, Riversway, Poulton-le-fylde, Lancashire FY6 7JT2
£225K01/241.57 mi27, Riversway, Poulton-le-fylde, Lancashire FY6 7JT2
£127.5K11/221.59 mi65, Sandwell Avenue, Thornton-cleveleys, Lancashire FY5 4FN2
£220K10/231.6 mi165, Breck Road, Poulton-le-fylde, Lancashire FY6 7JY2
£182.5K07/231.64 mi16, Myrtle Avenue, Poulton-le-fylde, Lancashire FY6 7HP2
£270K02/211.66 miBriar Cottage, Whin Lane, Out Rawcliffe, Preston, Lancashire PR3 6TH2
£127K01/211.67 mi7, Elsby Avenue, Thornton-cleveleys, Lancashire FY5 5HX2
£140K05/211.67 mi2, Elsby Avenue, Thornton-cleveleys, Lancashire FY5 5HX2
£115K03/211.69 mi4, Clifton Close, Thornton-cleveleys, Lancashire FY5 4NG2
£140K10/221.7 mi122, Lawsons Road, Thornton-cleveleys, Lancashire FY5 4PW2
£155K01/231.71 mi18, Blenheim Drive, Thornton-cleveleys, Lancashire FY5 4PH2
£193K04/231.72 mi19, Malvern Avenue, Stalmine, Poulton-le-fylde, Lancashire FY6 0QD2
£160K04/231.73 mi66, Briar Road, Thornton-cleveleys, Lancashire FY5 4NB2
£138K12/201.75 mi7, Lynwood Drive, Stalmine, Poulton-le-fylde, Lancashire FY6 0PZ2
£165K06/231.75 mi7, Lynwood Drive, Stalmine, Poulton-le-fylde, Lancashire FY6 0PZ2

Local Rents

50 rents from £525/mo to £1.8K/mo, average is £810/mo.

RentDateDistanceAddressBeds 
£75004/240.02 miWillowcroft Drive, Poulton-Le-Fylde2
£1,10004/240.09 miSalt Marsh Lane, Hambleton, Poulton-le-Fylde, FY63
£72502/250.13 mi-2
£55004/240.13 miThe Conifers, Hambleton, FY61
£52512/240.13 miThe Conifers, FY61
£67504/240.19 miConiston Avenue, FY62
£72504/240.21 miMeadowCroft Avenue, HAMBLETON, FY6 9AD2
£79512/240.21 miMeadow Croft Avenue, FY62
£1,10004/240.33 miBluebrook Avenue, FY63
£1,30004/240.36 miMarket Street, FY63
£79501/250.37 mi-2
£1,70004/240.48 miArthurs Lane, Hambleton, FY65
£82004/240.53 mi6 Fairmount Drive, Hambleton, Poulton le Fylde, FY6 9EF2
£1,25004/240.8 miMill Lane, Hambleton, Poulton-le-Fylde, Lancashire3
£1,80004/241.05 miIngle Nook, Stynall Lane, Hambleton5
£95003/251.13 mi-2
£1,02504/241.29 miCaernarfon Close, Thornton-Cleveleys, Lancashire, FY53
£1,50009/241.3 mi-4
£1,25004/241.44 miStoneyhurst Avenue, Thornton Cleveleys4
£85003/251.44 mi-2
£69504/241.45 miFairhaven Close, Thornton-Cleveleys2
£95004/241.45 miTarnway Avenue, Thornton-Cleveleys, Lancashire, FY52
£85004/241.49 miKelsons Avenue, Thornton-Cleveleys, FY53
£75004/241.5 miKevin Avenue,Poulton-Le-Fylde,FY62
£95004/241.57 miDaleford Close, Thornton-Cleveleys, Lancashire, FY53
£69304/241.59 miSandwell Avenue, Thornton-Cleveleys, Lancashire, FY52
£79504/241.64 mi82 Sandwell Avenue3
£70004/241.65 miLawsons Road, Thornton-Cleveleys, Lancashire, FY52
£75004/241.67 miHarwood Close, Stalmine, Poulton Le Fylde2
£80012/241.68 miBreck Drive, Poulton-Le-Fylde, Lancashire, FY62
£1,00004/241.69 miLawsons Road, Thornton-Cleveleys, FY53
£1,00003/241.69 mi-3
£1,00002/251.69 mi-3
£70004/241.71 miLancaster Avenue, FY52
£77505/241.71 mi-3
£77504/241.71 miBancroft Avenue, Thornton-Cleveleys, FY53
£87504/251.72 mi-3
£87503/251.72 mi-3
£87502/241.72 mi-3
£89512/241.72 mi-3
£90012/241.73 mi-4
£67504/241.75 miVictoria Road East, Thornton-Cleveleys, Lancashire, FY52
£70004/241.75 miVictoria Road East, Thornton, FY52
£97512/241.79 miSmithy Lane, Stalmine, Poulton-Le-Fylde3
£72512/241.82 miPennine Way, FY62
£75003/241.82 mi-3
£79504/241.84 miDouglas Avenue, FY62
£1,05004/241.84 miMoss Side Lane, Stalmine, Poulton-Le-Fylde3
£79504/241.86 mi-2
£79504/241.86 miHargreaves Street, Thornton-Cleveleys, Lancashire, FY53

Local Area Statistics

Population in FY6

27,751

Town centre distance

2.32 miles away

Nearest school

0.60 miles away

Nearest train station

2.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-9%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £245,000

March 22, 2025

Floor Plans

Description

  • Garage and Off Road Parking +
  • Modern Bathroom, +
  • Ready To Walk Into TWO Bedroom True Bungalow +
  • Large Enclosed Rear Garden +
  • Sought After Location +
  • Modern kitchen Through To A Dining Room +
  • Extension / Dining Area +

Welcome to Riverside Drive, immaculate and ready to walk into extended, two bedroom detached true bungalow. Renovated to an exceptional standard in 2020 boasting modern and spacious living accommodation throughout. Nestled in a sought after location in Hambleton with local amenities nearby, as well as great transport links and schools. Coming on the market with the added convenience of NO FORWARD CHAIN.

This home is a credit to the current owner with renovation works carried out in 2020 to include: New Kitchen, New Bathroom, All New Windows, Flooring and Central Heating.

Unique Estate Agency is thrilled to be introducing this beautiful home to the open market. Briefly comprising a fantastic size living room, modern fitted kitchen, dining room, two bedrooms and a bathroom.

Externally this home benefits from extensive off road parking with a front garden laid to lawn. To the rear is a beautifully presented landscaped sunny garden which is mostly laid to lawn with patio area, a pond and pergola. Featuring detached double garage fitted with electric. External water tap and electric points. 

 Internal viewing is highly recommended to appreciate what this home has to offers- call us today!

EPC- D

Council Tax- C

Total Living Space- 77sqm

Tenure- Freehold, to be confirmed by your legal representative.

Agent Details

Unique Estate Agency Ltd, Thornton Cleveleys

01253 835787

Next Steps?

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