2 Bed Terraced House, Single Let, Blackpool, FY3 8BS, £75,000

Newton Drive, Blackpool, FY3 8BS - 5 views - a year ago

Auction
BTL
ROI: 9%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£56K - £165K
Sold Prices/m²£636/m² - £2.5K/m²

 

 

Square Metres

~92.57 m²
Price/m²£810/m²

Value Estimate

£90,750
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£520 - £1,350

Rent Estimate

£550

Running Costs/mo

£364

Cashflow/mo

£186

Cashflow/yr

£2,228

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £56K to £165K, average is £85.5K. £636/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£86K12/220.04 mi5, Glenwood Street, Blackpool FY3 8BU2
£83K02/230.06 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.06 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.06 mi3, Manchester Road, Blackpool FY3 8DN2
£75K01/230.06 mi53, Manchester Road, Blackpool FY3 8DN2
£95K05/210.15 mi16, Granville Road, Blackpool FY1 3NP2
£129.9K04/210.21 mi14, Apple Tree Gardens, Blackpool FY3 8FU2
£139.9K12/200.21 mi10, Apple Tree Gardens, Blackpool FY3 8FU2
£75K04/230.22 mi29, Ascot Road, Blackpool FY3 8DG2
£70K08/210.24 mi28, Peter Street, Blackpool FY1 3LU2
£67K01/210.24 mi39, Peter Street, Blackpool FY1 3LU2
£89K05/230.24 mi24, Peter Street, Blackpool FY1 3LU2
£129.5K06/210.26 mi128, Layton Road, Blackpool FY3 8ER2
£129.5K06/210.26 mi128, Layton Road, Blackpool FY3 8ER2
£62K05/230.26 mi88, Newcastle Avenue, Blackpool FY3 9DH2
£125K04/210.27 mi3, Newcastle Avenue, Blackpool FY3 9DP2
£123K06/210.27 mi5, Newcastle Avenue, Blackpool FY3 9DP2
£85K08/210.27 mi28, Newcastle Avenue, Blackpool FY3 9DH2
£83K12/220.27 mi16, Lyceum Avenue, Blackpool FY3 9DS2
£100K02/230.29 mi10, Bailey Court, Blackpool FY3 8EU2
£130K05/210.29 mi12, Bailey Court, Blackpool FY3 8EU2
£85K06/210.3 mi82, Charles Street, Blackpool FY1 3JL2
£130K02/230.3 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.3 mi6, Coveway Avenue, Blackpool FY3 8ET2
£61.5K12/200.34 mi43, Fisher Street, Blackpool FY1 3HX2
£56K03/230.35 mi21, Fisher Street, Blackpool FY1 3HX2
£90K04/210.38 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.38 mi30, Heathway Avenue, Blackpool FY3 8HE2
£76.5K08/210.39 mi44, Portland Road, Blackpool FY1 4EF2
£75K12/200.39 mi72, Portland Road, Blackpool FY1 4EF2
£76.5K09/210.39 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.39 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.39 mi6, Heald Street, Blackpool FY3 8BG2
£96K05/230.39 mi23, Gorton Street, Blackpool FY1 3HP2
£92K06/230.41 mi31, Butler Street, Blackpool FY1 3HR2
£85K12/220.41 mi3, Camden Road, Blackpool FY3 8HN2
£109K11/200.43 mi17, Sussex Road, Blackpool FY3 8HW2
£75K12/210.45 mi2, Handley Road, Blackpool FY1 3HW2
£165K07/220.45 mi28, Camden Road, Blackpool FY3 8HN2
£62.5K10/200.45 mi1, Laburnum Street, Blackpool FY3 8RP2
£77.5K03/230.47 mi19, Healey Street, Blackpool FY3 8RW2
£91K09/210.48 mi10, Brierley Avenue, Blackpool FY3 8HP2
£105K10/200.48 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£102K05/230.48 mi44, Fordway Avenue, Blackpool FY3 8JL2
£127K11/210.48 mi6, Bardsway Avenue, Blackpool FY3 8JP2
£103K07/230.48 mi22, Bardsway Avenue, Blackpool FY3 8JP2
£95K03/210.48 mi30, Bardsway Avenue, Blackpool FY3 8JP2
£75K12/200.51 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£72K02/210.51 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.51 mi22, Whittaker Avenue, Blackpool FY3 8RE2

Local Rents

51 rents from £520/mo to £1.4K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£62504/240.05 mi-2
£77505/240.07 miWhitley Avenue, Blackpool, Lancashire, FY32
£70012/240.08 mi-2
£65004/240.11 mi-2
£70004/250.11 mi-2
£1,35001/240.12 mi-2
£1,35001/250.12 mi-2
£67504/240.18 mi-2
£80006/240.19 mi-2
£80005/240.19 miNewton Drive, Blackpool, FY32
£80012/240.19 mi-2
£80003/250.19 mi-2
£70002/250.2 mi-2
£57505/240.22 miDanesbury Place, BLACKPOOL, FY1 3LX2
£75004/240.22 miHornby Road, Blackpool2
£77502/250.23 mi-2
£99504/250.23 mi-2
£55003/250.25 mi-2
£72504/240.27 miReads Avenue, Blackpool, Lancashire, FY12
£60004/240.27 miFlat B,164 Reads Avenue, Blackpool, Lancashire, FY12
£75004/240.28 mi-2
£75002/250.31 mi-2
£82512/240.32 mi-2
£55005/240.37 miPortland Road, Blackpool2
£57512/240.38 mi-2
£75012/240.38 mi-2
£67504/240.38 miChester Road, Blackpool, Lancashire, FY32
£62504/240.39 miChester Road, Blackpool2
£56304/240.39 miPortland Road, Blackpool, FY1 4EF2
£62504/240.39 mi-2
£62004/240.39 miAdelaide Street, Blackpool2
£75005/240.4 mi-2
£75004/240.4 miNewton Drive, Blackpool, FY32
£77502/250.4 mi-2
£62503/250.4 mi-2
£52005/240.4 mi-2
£52005/240.4 mi-2
£64903/250.42 mi-2
£65012/240.43 mi-2
£67504/240.44 miCypress Grove, Blackpool, FY3 8RR2
£65004/240.45 miLaburnum Street, Blackpool, Blackpool2
£68512/240.45 mi-2
£60005/240.46 mi-2
£60003/250.46 mi-2
£82501/250.49 mi-2
£82502/250.49 mi-2
£80005/240.51 miRathlyn Avenue, Blackpool2
£52001/250.51 mi-2
£79512/240.51 mi-2
£99504/240.51 mi-2
£80012/240.54 mi-2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.13 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £75,000

December 5, 2024

Price changed to £90,000

September 19, 2024

Listed for £95,000

January 13, 2024

Floor Plans

Description

  • End Terrace House +
  • Reception Hallway / Dining Room +
  • Lounge, Dining Kitchen +
  • Ground Floor Bathroom +
  • 2 Bedrooms, 1 En-Suite +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £75,000 This End Terrace House offers a perfect blend of space, style, and convenience. Upon entering the property, you are greeted by an inviting Entrance Porch leading into the spacious Reception Hallway, which also serves as a versatile Dining Room. The Lounge is generously proportioned, providing the ideal space for relaxation and entertainment. The Dining Kitchen is thoughtfully designed with modern fittings and ample storage, creating the perfect setting for culinary delights. The property features a convenient Ground Floor Bathroom, allowing for extra convenience and flexibility.

Ascending to the first floor, you will find two well-appointed Bedrooms, including one with an En-Suite. The property also benefits from an Outside Utility Room, perfect for additional storage and housing the boiler. The enclosed rear yard provides a secluded outdoor space, ideal for enjoying those warm summer evenings or simply unwinding at the end of a long day.

Conveniently located for the Town Centre, this property truly offers endless amenities right at your doorstep. Whether you are seeking a vibrant urban lifestyle or a cosy sanctuary away from the hustle and bustle, this End Terrace House is sure to exceed your expectations. Don't miss out on the opportunity to make this incredible property your own. Call now to arrange a viewing and experience the charm and convenience it has to offer.

EPC Rating: D

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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