3 Bed Semi-Detached House, Refurb/BRRR, Thornton-Cleveleys, FY5 1RG, £130,000

Micklegate, Thornton-Cleveleys, Lancashire, FY5 1RG - 10 days ago

Auction
Refurb/BRRR
ROI: 1%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£93K - £408K
Sold Prices/m²£930/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£133,900
BMV3%

 

 

End Value (After Refurb)

£192,364

Uplift in Value

+48%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£37,686

Bridging Loan Interest

£3,413

Total Cash In

£83,048

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,364

Mortgage (After Refinance)

£144,273

Mortgage LTV

75%

Cash Released

£46,773

Cash Left In

£36,275

Equity

£48,091

Rent Range

£650 - £1,100

Rent Estimate

£868

Running Costs/mo

£795

Cashflow/mo

£73

Cashflow/yr

£879

ROI

1%

Gross Yield

8%

Local Sold Prices

50 sold prices from £93K to £408K, average is £160.5K. £930/m² to £2.9K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£185K01/210.09 mi19, Norkeed Road, Thornton-cleveleys, Blackpool FY5 1QE3
£170K04/230.1 mi257, Norbreck Road, Blackpool FY5 1PE3
£151.3K02/230.12 mi18, Wilvere Drive, Thornton-cleveleys, Blackpool FY5 1QA3
£171K12/200.13 mi8, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£225K04/230.13 mi47, Wilson Square, Thornton-cleveleys, Blackpool FY5 1RF3
£305K06/230.17 mi5, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£180K04/230.17 mi10, Shore Road, Thornton-cleveleys, Blackpool FY5 1PF3
£152K03/230.22 mi162, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RD3
£408K06/230.23 mi418, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£266.9K06/210.23 mi444, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1QT3
£175K07/230.24 mi345, Norbreck Road, Thornton-cleveleys, Blackpool FY5 1PB3
£177K12/210.26 mi5, Derwent Place, Thornton-cleveleys, Blackpool FY5 3HA3
£185K10/210.26 mi227, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1RA3
£120K03/210.26 mi11, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1SA3
£200K07/230.27 mi41, Clovelly Avenue, Thornton-cleveleys, Blackpool FY5 1RU3
£175K04/230.29 mi3, Winsford Crescent, Thornton-cleveleys, Blackpool FY5 1PS3
£151K08/230.29 mi41, Gretna Crescent, Thornton-cleveleys, Blackpool FY5 1NX3
£149K04/210.3 mi101, Kirkstone Drive, Thornton-cleveleys, Blackpool FY5 1QL3
£161K06/230.31 mi56, Mossom Lane, Thornton-cleveleys, Blackpool FY5 3AA3
£175K06/210.32 mi5, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PN3
£217K11/210.32 mi65, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£182K05/210.32 mi39, Maplewood Drive, Thornton-cleveleys, Blackpool FY5 1PW3
£115K08/210.32 mi76, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£108K12/200.32 mi20, Wingate Avenue, Thornton-cleveleys, Blackpool FY5 3HE3
£220K10/210.32 mi250, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1NL3
£140K10/210.33 mi2, Wingate Place, Thornton-cleveleys, Blackpool FY5 3HD3
£250K10/210.34 mi564, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PH3
£315K10/210.34 mi671, Devonshire Road, Blackpool FY2 0AE3
£165K08/230.35 mi100, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EL3
£265K07/210.36 mi103, Fleetwood Road, Thornton-cleveleys, Blackpool FY5 1SB3
£135K12/220.38 mi31, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NP3
£115K07/210.39 mi6, North Drive, Thornton-cleveleys, Blackpool FY5 3AQ3
£129K03/210.41 mi58, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF3
£93K11/200.41 mi12, Kelvin Road, Thornton-cleveleys, Blackpool FY5 3AF3
£123K10/210.41 mi30, Maida Vale, Thornton-cleveleys, Blackpool FY5 1NW3
£121K12/210.41 mi8, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£119K03/210.41 mi24, Valeway Avenue, Thornton-cleveleys, Blackpool FY5 3ER3
£170K02/210.41 mi2, Duncan Avenue, Blackpool FY2 9DB3
£142.3K11/210.42 mi67, Lyddesdale Avenue, Anchorsholme, Thornton-cleveleys, Blackpool FY5 3EJ3
£177.5K06/230.48 mi5, Lakewood Avenue, Thornton-cleveleys, Blackpool FY5 3ET3
£130K02/210.49 mi2, Redeswood Avenue, Thornton-cleveleys, Blackpool FY5 3QS3
£152K08/210.5 mi38, Norcliffe Road, Blackpool FY2 9AW3
£160K11/210.5 mi30, Norcliffe Road, Blackpool FY2 9AW3
£133K10/200.5 mi52, Norcliffe Road, Blackpool FY2 9AW3
£167K05/210.51 mi1, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£149.5K03/210.51 mi8, Wray Grove, Thornton-cleveleys, Blackpool FY5 3QT3
£115K04/210.52 mi2, Kelso Avenue, Thornton-cleveleys, Blackpool FY5 3EA3
£153K11/210.52 mi310, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£115K02/210.52 mi314, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3
£126.8K02/210.52 mi305, North Drive, Thornton-cleveleys, Blackpool FY5 3RD3

Local Rents

13 rents from £650/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£92504/240.09 miKirkstone Drive, Thornton-Cleveleys, Lancashire, FY53
£85012/240.13 mi-3
£1,00004/240.32 miMaplewood Drive, Thornton-Cleveleys, Lancashire, FY53
£87512/240.35 mi-3
£90002/240.36 mi-3
£87512/230.42 mi-3
£87504/240.47 miWarren Grove, Thornton-Cleveleys3
£89504/240.48 miWarren Grove, Thornton-Cleveleys, FY5 3TX3
£69504/240.53 miDales View, Queens Promenade, Blackpool, FY2 9AB3
£82512/240.55 mi-3
£82505/240.55 miThornton-Cleveleys, Thornton-Cleveleys, FY53
£65004/240.58 mi340 Queens Promenade, Blackpool3
£1,10005/240.58 miRivington Avenue, Bispham, Blackpool3

Local Area Statistics

Population in FY5

44,800

Town centre distance

1.50 miles away

Nearest school

0.20 miles away

Nearest train station

2.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £130,000

March 25, 2025

Description

  • 3 Bedrooms +
  • Agents Notes +
  • Auction Terms +
  • Entrance Hall +
  • Lounge +
  • Kitchen Dining Room +
  • Reception Room +
  • Bathroom +
  • Seperate W/C +
  • External +

TO BE SOLD BY MODERN METHOD OF AUCTION! For sale is a semi-detached house that presents an excellent opportunity for investors. The property is in need of some renovation, offering the perfect chance to put your own stamp on your next home or investment. This house boasts a generous layout with three bedrooms, a single bathroom, and two reception rooms. The kitchen provides ample space for all your culinary needs. Furthermore, the property comes with some unique features that enhance its appeal, such as off-street parking, a single garage, and a garden. The location is also a key advantage, as it has easy access to public transport links, local amenities, and schools. This property promises potential and convenience, making it an ideal investment opportunity. Don't miss out on this prospect to renovate and personalise this house to your own taste and standards. EPC - D.
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

BLA250108/2

Agent Details

Reeds Rains, Blackpool - Highfield Road

01253 835027

Next Steps?

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