4 Bed HMO, Blackpool, FY3 9ES, £150,000

Whitegate Drive, BLACKPOOL, Lancashire, FY3 9ES - 10 months ago

Sold STC
HMO
ROI: 21%
~108 m²
+12 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Room Rate

£537

Gross Rent

£2,148

Running Costs/mo

£1,348

Cashflow/mo

£800

Cashflow/yr

£9,598

ROI

21%

Gross Yield

17%













Property History

Price changed to £150,000

October 21, 2024

Listed for £160,000

June 4, 2024

Floor Plans

Description

  • Well Presented And Spacious Mid Terrace Property +
  • Currently Set As A Fully Tenanted Four Bedroom HMO +
  • Producing A Superb Annual Yield of 8.5% +
  • Lounge, Second Reception Room/Fourth Bedroom +
  • Modern Fitted Kitchen, Ground Floor Wc +
  • 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 Whitegate Drive, a well presented mid-terrace house currently set up as a four bedroom HMO with full planning consent. The property is currently full let producing a superb 8.5% 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, wc room along with a further reception room to the rear set as the fourth bedroom. To the first floor you will find three double 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 💪

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