3 Bed Semi-Detached House, Refurb/BRRR, Blackpool, FY3 9QU, £120,000

Patterdale Avenue, Blackpool, Lancashire, FY3 9QU - 2 views - 25 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£71K - £199.9K
Sold Prices/m²£1.1K/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£122,400

 

 

End Value (After Refurb)

£148,266

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£37,989

Bridging Loan Interest

£3,150

Total Cash In

£80,089

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,266

Mortgage (After Refinance)

£111,199

Mortgage LTV

75%

Cash Released

£21,199

Cash Left In

£58,890

Equity

£37,066

Rent Range

£650 - £975

Rent Estimate

£808

Running Costs/mo

£645

Cashflow/mo

£163

Cashflow/yr

£1,957

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £71K to £199.9K, average is £139K. £1.1K/m² to £2.4K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£199.9K02/210.05 mi174, Preston Old Road, Blackpool FY3 9QY3
£170K04/230.06 mi47, Patterdale Avenue, Blackpool FY3 9QR3
£165K06/230.08 mi23, Patterdale Avenue, Blackpool FY3 9QT3
£142K10/210.11 mi5, Cadby Avenue, Blackpool FY3 9RP3
£144K02/210.12 mi68, Preston New Road, Blackpool FY4 4HG3
£124K05/210.13 mi14, Mereland Road, Blackpool FY3 9NF3
£128K07/210.13 mi10, Rosemede Avenue, Blackpool FY4 4HP3
£133.5K03/230.13 mi33, Rosemede Avenue, Blackpool FY4 4HP3
£155K01/240.14 mi40, Rosedale Avenue, Blackpool FY4 4HR3
£138K12/230.14 mi10, Rosedale Avenue, Blackpool FY4 4HR3
£125K11/200.14 mi12, Rosedale Avenue, Blackpool FY4 4HR3
£157K04/230.14 mi6, Lulworth Avenue, Blackpool FY3 9SN3
£106K06/210.14 mi3, Lulworth Avenue, Blackpool FY3 9SN3
£139.9K11/220.15 mi20, Ailsa Avenue, Blackpool FY4 4HW3
£156.5K04/210.15 mi26, Barmouth Avenue, Blackpool FY3 9SL3
£134K11/200.15 mi25, Barmouth Avenue, Blackpool FY3 9SL3
£179K05/230.15 mi33, Barmouth Avenue, Blackpool FY3 9SL3
£156.5K04/210.15 mi26, Barmouth Avenue, Blackpool FY3 9SL3
£167.5K01/230.15 mi3, Barmouth Avenue, Blackpool FY3 9SL3
£117K06/210.15 mi49, St Leonards Road, Blackpool FY3 9RF3
£176.5K05/210.16 mi40, Briercliffe Avenue, Blackpool FY3 9LY3
£159.9K11/200.16 mi30, Briercliffe Avenue, Blackpool FY3 9LY3
£160K02/230.16 mi46, Weymouth Road, Blackpool FY3 9RW3
£117.5K03/210.17 mi3, Winton Avenue, Blackpool FY4 4HT3
£143K01/230.17 mi29, Knaresboro Avenue, Blackpool FY3 9QW3
£110K02/230.17 mi27, Knaresboro Avenue, Blackpool FY3 9QW3
£86K07/210.17 mi31, Dryburgh Avenue, Blackpool FY3 9RH3
£159.9K06/230.2 mi71, Worcester Road, Blackpool FY3 9SY3
£124.5K01/210.2 mi87, Worcester Road, Blackpool FY3 9SY3
£130K09/210.2 mi65, Worcester Road, Blackpool FY3 9SY3
£110K09/210.2 mi2, Barclay Avenue, Blackpool FY4 4HH3
£160K05/210.2 mi34, Barclay Avenue, Blackpool FY4 4HH3
£85K03/210.2 mi2, Barclay Avenue, Blackpool FY4 4HH3
£144K07/230.21 mi43, Halifax Street, Blackpool FY3 9QH3
£110K03/230.21 mi102, Worcester Road, Blackpool FY3 9SZ3
£102K03/210.21 mi98, Worcester Road, Blackpool FY3 9SZ3
£155K02/230.21 mi76, Worcester Road, Blackpool FY3 9SZ3
£165K12/220.23 mi13, Abbotsford Road, Blackpool FY3 9RX3
£160K06/230.24 mi27, Sunningdale Avenue, Blackpool FY4 4HU3
£160K09/210.24 mi47, Sunningdale Avenue, Blackpool FY4 4HU3
£156K01/230.25 mi43, Worcester Road, Blackpool FY3 9RQ3
£95K04/210.25 mi30, Worcester Road, Blackpool FY3 9RQ3
£137K04/230.26 mi62, Newhouse Road, Blackpool FY4 4JJ3
£134K04/210.26 mi58, Lancaster Road, Blackpool FY3 9ST3
£105K02/230.26 mi54, Lancaster Road, Blackpool FY3 9ST3
£133K07/230.27 mi78, Abbotsford Road, Blackpool FY3 9RY3
£120K03/230.27 mi72, Abbotsford Road, Blackpool FY3 9RY3
£71K11/210.27 mi21, Abbotsford Road, Blackpool FY3 9RX3
£85K01/210.27 mi10, Abbotsford Road, Blackpool FY3 9RX3
£168.9K11/200.27 mi11, Dunmail Avenue, Blackpool FY3 9PQ3

Local Rents

10 rents from £650/mo to £975/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£80004/240.23 miPhillip Street, Blackpool, Lancashire, FY43
£85004/240.33 miSedbergh Avenue, Blackpool3
£80012/230.35 mi-3
£65004/240.39 miSedburgh Avenue, Blackpool3
£72504/240.43 miLindsay Avenue, Blackpool3
£79504/240.45 miSt. Edmunds Road, Blackpool3
£89512/240.58 mi-3
£97503/250.58 mi-3
£89505/240.58 miVicarage Lane, Blackpool, FY43
£69505/240.6 mi21 Crossland Road3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.88 miles away

Nearest school

0.40 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £120,000

April 4, 2025

Floor Plans

Description

  • Three Bedroom Semi Detached House +
  • In Need Of Some Updating/Modernisation +
  • Large Open Plan Lounge/Diner, Fitted Kitchen +
  • Three Bedrooms, Family Bathroom +
  • uPVC Double Glazing, Single Garage +
  • Gardens To The Front And Rear +
  • Sold With No Onward Chain, Viewing Essential +

A three bedroom semi-detached house that is in need of some updating/modernisation works, offering good sized accommodation, making this an ideal first time purchase/family home.

On entry to the ground floor there is an entrance hallway, generous sized open plan lounge/diner along with as fitted kitchen.

To the first floor you will find three bedrooms (two doubles and a single) along with a family bathroom.

The property is uPVC Double glazed, electric heating, while externally there is a front garden with driveway, single garage and good size garden to the rear.

To be sold with no onward chain, viewing essential to see the full potential on offer.

Situated in a popular residential area of Marton ideally placed for access to supermarkets, local amenities, schools and transport links. The property is also located a short distance from both Stanley Park and the M55 motorway network.

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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