2 Bed Flat, Single Let, Blackpool, FY2 9GL, £85,000

Admiral Point - 162 Queens Promenade - Blackpool - FY2 9GL - 6 views - a year ago

Leasehold
Auction
BTL
ROI: 9%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£59K - £247K
Sold Prices/m²£1K/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£89,706
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£550 - £3,000

Rent Estimate

£600

Running Costs/mo

£406

Cashflow/mo

£194

Cashflow/yr

£2,333

ROI

9%

Gross Yield

8%

Local Sold Prices

34 sold prices from £59K to £247K, average is £87.5K. £1K/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£64K08/220.07 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£90K03/210.07 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/210.07 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/220.07 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/210.07 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/210.07 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/230.07 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/230.07 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/230.07 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/230.07 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/230.07 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£97.5K09/220.12 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£118K02/210.14 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/220.14 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£92K07/230.14 mi15a, Cavendish Road, Blackpool FY2 9JR2
£102K10/200.15 miFlat 30, Duchess Court, Queens Promenade, Blackpool FY2 9PR2
£102K10/200.15 miFlat 30, Duchess Court, Queens Promenade, Blackpool FY2 9PR2
£82.5K03/230.15 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£95K01/230.21 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/200.21 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£72.5K10/200.21 miFlat 25, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£130K06/230.21 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£73K05/230.24 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£94K11/220.26 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£90K12/220.26 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£247K10/210.38 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£76K04/210.52 mi66, Sandhurst Avenue, Blackpool FY2 9EB2
£80K02/210.7 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£92K01/230.71 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£109K01/230.78 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/230.78 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/210.78 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/230.78 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£59K05/230.98 mi12a, Northfield Avenue, Blackpool FY1 2ND2

Local Rents

27 rents from £550/mo to £3K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£69504/240 miQueens Promenade, Blackpool, Lancashire, FY22
£79504/240.01 mi162 Queens Promenade, Bispham, Blackpool2
£75003/250.05 mi-2
£77504/240.05 miQueens Promenade, Blackpool2
£75005/240.05 miAdmiral View, Bispham, Blackpool, FY22
£75001/250.05 mi-2
£75002/250.05 mi-2
£62511/230.07 mi-2
£69505/240.07 mi-2
£69504/240.07 miPembroke Court, Blackpool, FY22
£67504/240.11 miCavendish Road, Bispham, Blackpool2
£69002/250.19 mi-2
£70004/240.27 mi-2
£57504/240.3 miRed Bank Road, Blackpool, FY22
£1,00004/240.49 mi-2
£1,20005/240.49 mi-2
£1,32501/250.49 mi-2
£1,25001/250.49 mi-2
£65004/240.52 miSandhurst Avenue, Blackpool, Lancashire, FY22
£62504/240.52 miSandhurst Avenue, FY22
£65004/240.54 miFlat 0, 20 Knowle Avenue, Blackpool,FY2 9RX2
£65004/240.56 mi-2
£69504/240.56 miMunster Avenue, Blackpool, FY2 0HG2
£55002/240.58 mi-2
£55002/250.58 mi-2
£3,00005/240.62 mi-2
£3,00006/240.62 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.62 miles away

Nearest school

0.60 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £85,000

September 26, 2024

Listed for £110,000

April 5, 2024

Floor Plans

Description

  • BEING SOLD VIA SECURE SALE ONLINE BIDDING. TERMS & CONDITIONS APPLY. STARTING BID GBP85,000. +
  • SET IN A PRESTIGIOUS GRADE II LISTED BUILDING - ALONG THE PROMENADE +
  • BOASTING NO ONWARD CHAIN - A MUST SEE - INTERNAL VIEWING ESSENTIAL +
  • SPACIOUS LIGHT & AIRY LOUNGE WITH A PROMENADE/SEA VIEW +
  • GOOD SIZED DINING KITCHEN, TWO DOUBLE BEDROOMS & SHOWER ROOM +
  • SECURE ALLOCATED RESIDENTS CAR PARK & CONVENIENT VISITOR SPACES +
  • SHORT WALKING DISTANCE TO THE SEA FRONT & NEARBY BUS/TRAM STOPS +
  • CLOSE TO BISPHAM CENTRE, AMENITIES, FACILITIES & MANY LOCAL SHOPS +
  • ORIGINALLY BUILT IN THE 1920'S & CONVERTED TO APARTMENTS IN 2005 +
  • WELL KEPT COMMUNAL AREAS & GENEROUS COMMUNAL GARDENS +

BEING SOLD VIA SECURE SALE ONLINE BIDDING. TERMS & CONDITIONS APPLY. STARTING BID GBP 85,000. HISTORIC CHARM MEETS MODERN LIVING, DON'T MISS THE OPPORTUNITY TO BUY THIS DECEPTIVELY SPACIOUS TWO DOUBLE BEDROOM GROUND FLOOR APARTMENT, BOASTING SPACIOUS LIGHT & AIRY ACCOMODATION & SECURE PARKING...

Agent Details

Susan Eve Estate Agency, Fylde Coast

01253 542116

Next Steps?

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