2 Bed Flat, Single Let, Blackpool, FY1 4QH, £85,000

121 Hornby Road, Blackpool, FY1, FY1 4QH - 1 views - 2 years ago

Sold STC
Leasehold
BTL
ROI: 6%
~62 m²
+12 photos

ValuationOvervalued

Sold Prices£45K - £150K
Sold Prices/m²£606/m² - £2.1K/m²

 

 

Square Metres

~62.06 m²
Price/m²£1.4K/m²

Value Estimate

£78,001

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£433 - £995

Rent Estimate

£511

Running Costs/mo

£388

Cashflow/mo

£123

Cashflow/yr

£1,478

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £45K to £150K, average is £75K. £606/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£107.5K05/210.39 mi49, Topping Street, Blackpool FY1 3AF2
£65K11/210.46 miFlat 8, The Maltings, Yorkshire Street, Blackpool FY1 5BF2
£78K03/210.47 mi9, Somerset Court, Blackpool FY1 5QQ2
£63.5K05/210.54 mi162 - 164, Caunce Street, Blackpool FY1 3NJ2
£77K10/220.55 miFlat 6, Dutton Court, Dutton Road, Blackpool FY3 8DH2
£55K03/210.55 mi55a, Grasmere Road, Blackpool FY1 5HP2
£50K07/210.55 mi59f, Grasmere Road, Blackpool FY1 5HP2
£58K02/210.55 mi53f, Grasmere Road, Blackpool FY1 5HP2
£65K04/210.56 miFlat 39, Grizedale Court, Forest Gate, Blackpool FY3 9AP2
£58K05/210.57 mi26, Condor Grove, Blackpool FY1 5LT2
£60K08/220.57 mi88, Gorton Street, Blackpool FY1 3HP2
£52.5K03/230.64 mi22, Condor Grove, Blackpool FY1 5JU2
£87K01/230.73 miFlat C, 189, Bloomfield Road, Blackpool FY1 6QH2
£51K11/200.84 mi102, Spencer Court, Blackpool FY1 3TP2
£83K03/230.95 mi11, Hampstead Mews, Blackpool FY1 2SG2
£70K01/210.99 mi129, St Heliers Road, Blackpool FY1 6JD2
£78K12/221.04 mi2f, South Lawn, Blackpool FY4 4BN2
£55K07/231.04 mi1c, South Lawn, Blackpool FY4 4BN2
£45K03/211.04 mi1d, South Lawn, Blackpool FY4 4BN2
£80K07/221.04 mi21, Eccleston Road, Blackpool FY1 6AU2
£90K04/231.05 mi36, Lomond Avenue, Blackpool FY3 9QL2
£49.5K11/201.06 mi408f, Waterloo Road, Blackpool FY4 4BL2
£58K04/231.06 mi408c, Waterloo Road, Blackpool FY4 4BL2
£59K05/231.15 mi12a, Northfield Avenue, Blackpool FY1 2ND2
£150K10/201.24 mi176, Preston Old Road, Blackpool FY3 9QY2
£62K02/211.34 miFlat 7, Claughton Mansions, Harcourt Road, Blackpool FY4 3ES2
£109K01/231.35 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/231.35 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/211.35 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/231.35 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£92K01/231.42 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£80K02/211.44 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£70K10/221.48 mi116, Boston Way, Blackpool FY4 4YB2
£49K02/211.5 mi91, Boston Way, Blackpool FY4 4YQ2
£95K06/231.53 mi10, Teal Court, Blackpool FY3 8FT2
£91K02/231.53 mi12, Teal Court, Blackpool FY3 8FT2
£107K10/221.58 miFlat 11, Carrick Mews, Kingsley Road, Blackpool FY3 9US2
£120K10/221.6 mi8, Camborne Court, Blackpool FY3 9NS2
£52K04/211.61 mi97, Normoss Avenue, Blackpool FY3 7PX2
£72K08/221.73 mi3, Bowood Court, Blackpool, Lancashire FY3 7SD2
£66K01/211.74 mi2, Bowood Court, Blackpool, Lancashire FY3 7SD2
£83.5K03/211.78 mi45, Greenbriar Close, Blackpool FY3 7SA2
£59K05/211.84 mi29a, Burlington Road, Blackpool FY4 1JS2
£73K05/231.91 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£95K01/231.94 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/201.94 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£72.5K10/201.94 miFlat 25, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£130K06/231.94 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£100K06/231.94 mi2, Park View Court, Blackpool FY4 2RD2
£114K08/231.94 mi10, Park View Court, Blackpool FY4 2RD2

Local Rents

52 rents from £433/mo to £995/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£64903/250.01 mi-2
£68512/240.09 mi-2
£80012/240.11 mi-2
£52005/240.13 mi-2
£52005/240.13 mi-2
£70004/240.15 miBack Palatine Road, Blackpool, FY1 4DA2
£52001/250.18 mi-2
£65004/240.2 mi-2
£67502/250.2 mi-2
£65004/250.2 mi-2
£62004/240.21 miAdelaide Street, Blackpool2
£67504/240.23 miAnderson Street, Blackpool, FY12
£60003/250.24 mi-2
£72504/240.25 miReads Avenue, Blackpool, Lancashire, FY12
£60004/240.25 miFlat B,164 Reads Avenue, Blackpool, Lancashire, FY12
£75004/240.26 miHornby Road, Blackpool2
£59502/250.28 mi-2
£62504/240.29 miAshton Road, Blackpool2
£55005/240.32 miPortland Road, Blackpool2
£56304/240.32 miPortland Road, Blackpool, FY1 4EF2
£90004/240.32 miAshton Road,Blackpool,FY12
£70002/250.33 mi-2
£57505/240.33 miDanesbury Place, BLACKPOOL, FY1 3LX2
£45004/240.33 miFlat 5, Central Drive, Blackpool, FY1 5JN2
£55003/250.34 mi-2
£70004/250.36 mi-2
£65004/240.36 mi-2
£70004/240.37 miWestmorland Avenue, Blackpool2
£62503/250.38 mi-2
£67504/240.4 mi-2
£75004/240.4 miCoop Street, Blackpool, FY1 5AJ2
£85012/240.4 mi-2
£85004/250.4 mi-2
£43304/240.4 mi-2
£65004/240.41 miCheapside, Blackpool2
£65005/240.41 miCheapside, Blackpool2
£77502/250.42 mi-2
£99503/250.42 mi-2
£85003/250.43 mi-2
£85002/240.44 mi-2
£80004/240.44 mi-2
£80012/240.44 mi-2
£80001/250.44 mi-2
£85003/250.44 mi-2
£60004/240.46 mi-2
£55005/240.46 mi-2
£55005/240.46 mi-2
£77505/240.46 miWhitley Avenue, Blackpool, Lancashire, FY32
£99504/240.47 mi-2
£79512/240.47 mi-2
£60004/240.47 mi-2
£52504/240.47 mi-2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.43 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £85,000

March 3, 2023

Floor Plans

Description

* NO CHAIN * Spacious and well presented two bedroom second floor apartment for sale in Courtfields, Hornby Road, Blackpool. The property is conveniently located walking distance to Blackpool centre and features spacious room sizes throughout and an open plan kitchen/reception room. Briefly comprising: Entrance hallway, kitchen, reception room, two bedrooms, bathroom and communal parking and gardens.

HALLWAY
Spacious hallway with storage cupboard, intercom system and loft access.

KITCHEN
12`2` x 8`0` (3.70m x 2.45m) Max
Fitted kitchen with a wide range of wall and base units with complementary work surfaces, integrated electric oven, four ring electric hob, sink with mixer tap, tiled splashback, space washing machine and fridge freezer.

RECEPTION ROOM
19`8` x 10`10` (6.00m x 3.30m) Max
UPVC double glazed window and two storage heaters.

BEDROOM ONE
12`5` x 10`3` (3.79m x 3.13m)
UPVC double glazed window and storage heater.

BEDROOM TWO
12`7`x 7`8` (3.84m x 2.34m)
UPVC double glazed window and electric heater.

BATHROOM
10`4` x 6`0` (3.14m x 1.83m)
Fitted three piece suite comprising: Bath with electric shower over, wash hand basin, low flush w.c, part tiled walls and storage cupboard.

EXTERNAL

Communal parking and gardens.

COUNCIL TAX BAND- B

TENURE

We have been informed that the property is leasehold on a 999 year lease from the year 2000 with a ground rent of £70 per annum and a service charge of £60 per calendar month; 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?

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