3 Bed Detached House, Refurb/BRRR, Blackpool, FY2 0SY, £150,000

Pearl Avenue, Bispham, FY2 0SY - 3 views - a month ago

Refurb/BRRR
ROI: 3%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£74K - £185K
Sold Prices/m²£754/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.6K/m²

Value Estimate

£135,589

 

 

End Value (After Refurb)

£139,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£38,000

Bridging Loan Interest

£3,938

Total Cash In

£90,388

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,000

Mortgage (After Refinance)

£104,250

Mortgage LTV

75%

Cash Left In

£90,388

Equity

£34,750

Rent Range

£700 - £1,150

Rent Estimate

£897

Running Costs/mo

£634

Cashflow/mo

£263

Cashflow/yr

£3,159

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £74K to £185K, average is £124K. £754/m² to £2.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£102.5K05/210.04 mi19, Bromley Close, Blackpool FY2 0SD3
£74K04/230.06 mi375, Warley Road, Blackpool FY2 0ST3
£180K05/210.06 mi351, Warley Road, Blackpool FY2 0ST3
£115K01/230.08 mi394, Warley Road, Blackpool FY2 0SS3
£93K03/210.08 mi394, Warley Road, Blackpool FY2 0SS3
£99K02/210.09 mi27, Delaware Road, Blackpool FY3 7JY3
£112K11/210.1 mi21, Armadale Road, Blackpool FY2 0SW3
£82K12/200.15 mi26, Morston Avenue, Blackpool FY2 0TB3
£127K07/210.15 mi17, Morston Avenue, Blackpool FY2 0TB3
£174.5K08/230.16 mi10, Holcombe Road, Blackpool FY2 0SR3
£139K11/200.16 mi1, Holcombe Road, Blackpool FY2 0SR3
£179.9K02/230.16 mi119, Bispham Road, Blackpool FY2 0NR3
£165K04/230.17 mi23, Oregon Avenue, Blackpool FY3 7JU3
£127K05/230.17 mi308, Warley Road, Blackpool FY2 0UJ3
£125K09/210.18 mi22, Maurice Grove, Blackpool FY2 0QH3
£124K01/230.18 mi4, Maurice Grove, Blackpool FY2 0QH3
£139.9K11/210.19 mi5, Appleby Road, Blackpool FY2 0SN3
£90K10/210.19 mi3, Holyoake Avenue, Blackpool FY2 0QL3
£142K12/220.2 mi3, Cannock Avenue, Blackpool FY3 7HH3
£125K07/210.2 mi12, Cannock Avenue, Blackpool FY3 7HH3
£87.5K11/200.21 mi51, Poulton Road, Blackpool FY3 7DS3
£112K02/210.21 mi8, Plymouth Road, Blackpool FY3 7JP3
£91K05/210.22 mi12, Alston Road, Blackpool FY2 0TD3
£146.5K09/210.22 mi13, Alston Road, Blackpool FY2 0TD3
£87.5K08/210.22 mi32, Stopford Avenue, Blackpool FY2 0QQ3
£137K12/210.23 mi8, Maxwell Grove, Blackpool FY2 0QG3
£82.5K11/200.23 mi8, Maxwell Grove, Blackpool FY2 0QG3
£121.5K07/210.26 mi2, Mexford Avenue, Blackpool FY2 0UF3
£113K08/210.26 mi41, Stopford Avenue, Blackpool FY2 0QF3
£108K06/230.28 mi59, Carleton Avenue, Blackpool FY3 7JN3
£91K01/210.28 mi13, Carleton Avenue, Blackpool FY3 7JN3
£114.5K11/200.28 mi62, Carleton Avenue, Blackpool FY3 7JN3
£119.5K12/210.28 mi333, Warley Road, Blackpool FY2 0UP3
£137.5K07/210.28 mi2, Hetherington Place, Blackpool FY2 0QD3
£98.3K09/210.28 mi5, Mexford Avenue, Blackpool FY2 0UE3
£75K03/230.28 mi1, Mexford Avenue, Blackpool FY2 0UE3
£185K03/230.28 mi123, Mansfield Road, Blackpool FY3 7HZ3
£78.5K11/200.28 mi94, Mansfield Road, Blackpool FY3 7HZ3
£168K07/210.3 mi8, Penhill Close, Blackpool FY2 0XP3
£130K12/200.31 mi14, Milford Avenue, Blackpool FY2 0TZ3
£106K06/230.32 mi1, Ludlow Grove, Blackpool FY2 0PZ3
£125K03/230.32 mi37, Ludlow Grove, Blackpool FY2 0PZ3
£124K01/210.33 mi19, Meadow Close, Blackpool FY2 0WW3
£125.5K12/220.34 mi65, Raymond Avenue, Blackpool FY2 0TY3
£143K12/220.34 mi14, Meadow Close, Blackpool FY2 0WW3
£130K01/230.34 mi8, Essex Place, Blackpool FY2 0QA3
£136K04/230.34 mi3, Essex Place, Blackpool FY2 0QA3
£92.5K05/210.34 mi132, Warbreck Hill Road, Blackpool FY2 0TR3
£132.7K04/230.34 mi146, Warbreck Hill Road, Blackpool FY2 0TR3
£142.5K06/210.34 mi6a, Tower View, Blackpool FY2 0WS3

Local Rents

38 rents from £700/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00002/250.06 mi-3
£1,10003/250.06 mi-3
£95002/250.1 mi-3
£95002/240.17 mi-3
£97501/250.2 mi-3
£90006/240.26 miMexford Avenue, Blackpool3
£1,15003/250.26 mi-3
£95008/230.27 mi-3
£82504/240.27 miMeyler Avenue, Blackpool, FY33
£82505/240.27 mi-3
£82504/240.28 miCarleton Avenue, Blackpool3
£87510/230.28 mi-3
£1,00012/240.28 mi-3
£95004/240.28 mi-3
£95005/240.28 mi-3
£95004/240.28 miWades Court, Blackpool, FY33
£99905/240.4 miRuncorn Avenue, Blackpool, FY23
£89906/240.4 mi-3
£1,09903/250.41 mi-3
£1,09903/250.42 mi-3
£75004/240.44 miRuncorn Avenue,Blackpool,FY23
£90002/250.44 mi-3
£77504/240.44 miSalmesbury Avenue, Blackpool3
£1,05012/240.45 mi-3
£1,05003/250.45 mi-3
£72502/240.45 mi-3
£80003/250.48 mi-3
£79507/240.5 mi-3
£79504/240.53 miArgosy Avenue, Blackpool, Lancashire, FY33
£77510/230.56 miEdmonton Place, Blackpool, Lancashire, FY23
£75004/240.56 miEdmonton Place, Blackpool, Lancashire, FY23
£1,05002/240.59 mi-3
£89902/240.6 mi-3
£72502/240.6 mi-3
£75005/240.6 mi-3
£72505/240.61 mi-3
£70012/240.61 mi-3
£80004/240.61 mi-3

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

1.57 miles away

Nearest school

0.20 miles away

Nearest train station

0.06 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £150,000

April 1, 2025

Floor Plans

Description

NO ONWARD CHAIN Spacious three bedroom detached house for sale on Pearl Avenue, Bispham. The property is within need of modernisation throughout, would make a great investment opportunity, boasts excellent room sizes throughout and is within walking distance to Layton train station, shops and within easy reach of Blackpool and the M55. Briefly comprising; porch, hallway, kitchen dining room, lounge, outhouse, ground floor shower room, three double bedrooms, three piece bathroom suite, front garden, car port to rear with yard. The property is double glazed and gas central heated throughout.

PORCH
UPVC double doors to the front aspect, door leading into;

HALLWAY
Stairs to the first floor, radiator.

KITCHEN DINING ROOM
22`8 x 10`4 (6.90m x 3.14m)
Double glazed windows to the front and rear aspect, door leading into garden, car port and outhouse, fitted wall and base units, work tops, integrated oven and space for microwave, space for fridge freezer, gas hob with extractor fan over, stainless steel sink and drainer with mixer tap, breakfast bar, radiator.

LOUNGE
15`6 x 11`7 (4.72m x 3.52m)
Double glazed bay window to the front aspect, radiator.

SHOWER ROOM
7`3 x 6`2 (2.21mx 1.89m)
UPVC double glazed opaque window to the side aspect, low flush w.c, shower cubicle, storage cupboard, radiator.

OUTHOUSE
11`9 x 7`6 (3.58m x 2.29m)
Window and door to the rear aspect. Wall mounted combi boiler, sink and plumbed for washing machine.

LANDING
UPVC double glazed windows to the front and rear aspect, radiator.

BEDROOM ONE
15`7 x 10`11 (4.76m x 3.32m)
Double glazed bay window to the front aspect, radiator.

BEDROOM TWO
11`10 x 11`8 (3.60m x 3.56m)
Double glazed bay window to the front aspect, radiator.

BEDROOM THREE
10`11 X 7`2 (3.32m x 2.19m)
Double glazed window to the rear aspect, radiator.

BATHROOM
11`10 x 6`11 (3.60m x 2.12m)
Double glazed window to the rear aspect, panelled bath, low flush w.c, wash hand basin, storage cupboard.

EXTERNAL

FRONT
Paved front garden.

REAR
Enclosed rear yard, car port with double gates to the side aspect.

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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