4 Bed HMO, Blackpool, FY3 9EX £115,000

Glen Street, Blackpool, Lancashire, FY3 9EX - 3 views - a year ago
HMO
ROI: 29%
~89 m²
Property image
Property image

ValuationOvervalued

Sold Prices£78.5K - £470K
Sold Prices/m²£662/m² - £4K/m²

 

 

Square Metres

~88.60 m²
Price/m²£1.3K/m²

Value Estimate

£97,960

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Room Rate

£516

Gross Rent

£2,064

Running Costs/mo

£1,209

Cashflow/mo

£855

Cashflow/yr

£10,255

ROI

29%

Gross Yield

22%

Local Sold Prices

50 sold prices from £78.5K to £470K, average is £198K. £662/m² to £4K/m², average is £1.4K/m².

Price
Date
Distance
Address
Beds
 
£86K08/250.01 mi13, Glen Street, Blackpool FY3 9EX4
£179.9K06/230.05 mi13, Gorse Road, Blackpool FY3 9ED4
£173K11/210.1 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.1 mi3, Kensington Road, Blackpool FY3 9DU4
£166.5K01/250.12 mi39, Kensington Road, Blackpool FY3 9DU4
£265K12/240.12 mi2, Cumberland Avenue, Blackpool FY1 5QL4
£198K03/250.14 mi229, Westmorland Avenue, Blackpool FY1 5QR4
£198K03/250.14 mi229, Westmorland Avenue, Blackpool FY1 5QR4
£230K12/240.15 mi44, West Park Drive, Blackpool FY3 9HX4
£135K03/250.15 mi13, Manor Road, Blackpool FY1 4EA4
£195K11/240.16 mi215, Westmorland Avenue, Blackpool FY1 5QR4
£270K06/210.18 mi90, West Park Drive, Blackpool FY3 9HU4
£280K03/250.21 mi1, Kenwyn Avenue, Blackpool FY3 9HR4
£85K05/210.22 mi229, Palatine Road, Blackpool FY1 4DX4
£260K11/210.24 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£252.5K12/240.24 mi128, Condor Grove, Blackpool FY1 5QY4
£230K07/210.25 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.25 mi194, Reads Avenue, Blackpool FY1 4JD4
£427.5K01/250.27 mi19, Vernon Avenue, Blackpool FY3 9JF4
£427.5K01/250.27 mi19, Vernon Avenue, Blackpool FY3 9JF4
£260K12/230.28 mi2, Bankfield Grove, Blackpool FY1 5QZ4
£260K12/230.28 mi2, Bankfield Grove, Blackpool FY1 5QZ4
£163K05/250.29 mi155, Reads Avenue, Blackpool FY1 4HZ4
£163K05/250.29 mi155, Reads Avenue, Blackpool FY1 4HZ4
£200K01/250.29 mi28, Forest Gate, Blackpool FY3 9AW4
£399.9K11/240.29 mi114, West Park Drive, Blackpool FY3 9HT4
£117.7K02/230.31 mi44, Whitegate Drive, Blackpool FY3 9AL4
£390K08/230.31 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.31 mi47, Forest Gate, Blackpool FY3 9BA4
£470K09/240.32 mi120, West Park Drive, Blackpool FY3 9HT4
£285K12/240.35 mi18, Beechfield Avenue, Blackpool FY3 9JJ4
£160K05/230.35 mi7, Bennett Avenue, Blackpool FY1 4DP4
£209K08/230.38 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£129.9K06/210.38 mi133, Park Road, Blackpool FY1 4ET4
£170K05/250.42 mi34, Lincoln Road, Blackpool FY1 4HB4
£170K05/250.42 mi34, Lincoln Road, Blackpool FY1 4HB4
£175K01/230.44 mi76, Newton Drive, Blackpool FY3 8EP4
£205K03/250.45 mi2, Leicester Road, Blackpool FY1 4HL4
£205K03/250.45 mi2, Leicester Road, Blackpool FY1 4HL4
£150K12/240.45 mi14, Lincoln Road, Blackpool FY1 4HB4
£167K09/210.46 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.46 mi33, Lincoln Road, Blackpool FY1 4HA4
£250K12/220.47 mi16, Leamington Road, Blackpool FY1 4EZ4
£450K07/220.48 mi12, St Clements Avenue, Blackpool FY3 8LT4
£100K11/210.49 mi17, Devonshire Road, Blackpool FY3 8DS4
£100K07/230.5 mi44, Kirkham Avenue, Blackpool FY1 6RJ4
£78.5K05/230.51 mi25, Rydal Avenue, Blackpool FY1 4AR4
£113K05/250.52 mi74, Grasmere Road, Blackpool FY1 5PN4
£113K05/250.52 mi74, Grasmere Road, Blackpool FY1 5PN4
£210K08/210.52 mi67, Park Road, Blackpool FY1 4JQ4

Local Area Statistics

Population in FY3

31,487

Population in Blackpool

133,713

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

0.87 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £115,000

May 15, 2025

Price changed to £125,000

September 19, 2024

Listed for £135,000

May 31, 2024

Floor Plans

Property image

Description

  • Well Presented And Spacious Semi Detached Property +
  • Currently Set As A Fully Tenanted Four Bedroom HMO +
  • Producing A Superb Annual Yield of 9.5% +
  • Lounge, Second Reception Room/Fourth Bedroom +
  • Modern Fitted Kitchen Open Plan To The Lounge +
  • Three First Floor Bedroom, Modern Shower Room +
  • Gas Central Heating, uPVC Double Glazing +
  • Front Garden, Enclosed Rear Yard +
  • Sold With No Onward Chain, Viewing Essential +

Welcome to Glen Street, a well presented semi-detached house currently set up as a four bedroom HMO. A superb 9.5% annual yield, or alternately would make an ideal family home.

On internal inspection to the ground floor there is an entrance hallway, lounge, modern fitted kitchen, along with a further reception room to the front set as the fourth bedroom. To the first floor you will find three bedrooms along with a modern three piece shower room.

The property is warmed by gas central heating, uPVC Double glazing with a garden to the front and an enclosed yard to the rear. To be sold with no onward chain, viewing is highly recommended to see the full potential on offer.

Situated in a much sought after residential area on the doorstep of the picturesque Stanley Park and Blackpool Victoria Hospital. The property is also ideally placed for access to Whitegate Drive that offers a broad range of local amenities, along with access to local schools and transport links including 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 💪