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

Whitegate Drive, BLACKPOOL, Lancashire, FY3 9ES - 1 views - a year ago
Sold STC
HMO
ROI: 21%
~108 m²
Property image
Property image

ValuationOvervalued

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

 

 

Square Metres

~108 m²
Price/m²£1.4K/m²

Value Estimate

£123,338

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%

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
 
£86K08/250.05 mi13, Glen Street, Blackpool FY3 9EX4
£265K12/240.08 mi2, Cumberland Avenue, Blackpool FY1 5QL4
£179.9K06/230.08 mi13, Gorse Road, Blackpool FY3 9ED4
£198K03/250.12 mi229, Westmorland Avenue, Blackpool FY1 5QR4
£198K03/250.12 mi229, Westmorland Avenue, Blackpool FY1 5QR4
£173K11/210.13 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.13 mi3, Kensington Road, Blackpool FY3 9DU4
£195K11/240.13 mi215, Westmorland Avenue, Blackpool FY1 5QR4
£135K03/250.14 mi13, Manor Road, Blackpool FY1 4EA4
£166.5K01/250.15 mi39, Kensington Road, Blackpool FY3 9DU4
£230K12/240.19 mi44, West Park Drive, Blackpool FY3 9HX4
£85K05/210.21 mi229, Palatine Road, Blackpool FY1 4DX4
£280K03/250.21 mi1, Kenwyn Avenue, Blackpool FY3 9HR4
£270K06/210.21 mi90, West Park Drive, Blackpool FY3 9HU4
£252.5K12/240.22 mi128, Condor Grove, Blackpool FY1 5QY4
£260K11/210.24 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£230K07/210.24 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.24 mi194, Reads Avenue, Blackpool FY1 4JD4
£260K12/230.26 mi2, Bankfield Grove, Blackpool FY1 5QZ4
£260K12/230.26 mi2, Bankfield Grove, Blackpool FY1 5QZ4
£427.5K01/250.27 mi19, Vernon Avenue, Blackpool FY3 9JF4
£427.5K01/250.27 mi19, Vernon Avenue, Blackpool FY3 9JF4
£163K05/250.28 mi155, Reads Avenue, Blackpool FY1 4HZ4
£163K05/250.28 mi155, Reads Avenue, Blackpool FY1 4HZ4
£399.9K11/240.31 mi114, West Park Drive, Blackpool FY3 9HT4
£200K01/250.32 mi28, Forest Gate, Blackpool FY3 9AW4
£160K05/230.32 mi7, Bennett Avenue, Blackpool FY1 4DP4
£117.7K02/230.33 mi44, Whitegate Drive, Blackpool FY3 9AL4
£470K09/240.33 mi120, West Park Drive, Blackpool FY3 9HT4
£285K12/240.34 mi18, Beechfield Avenue, Blackpool FY3 9JJ4
£390K08/230.35 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.35 mi47, Forest Gate, Blackpool FY3 9BA4
£129.9K06/210.35 mi133, Park Road, Blackpool FY1 4ET4
£170K05/250.41 mi34, Lincoln Road, Blackpool FY1 4HB4
£170K05/250.41 mi34, Lincoln Road, Blackpool FY1 4HB4
£209K08/230.41 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£150K12/240.45 mi14, Lincoln Road, Blackpool FY1 4HB4
£167K09/210.45 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.45 mi33, Lincoln Road, Blackpool FY1 4HA4
£205K03/250.45 mi2, Leicester Road, Blackpool FY1 4HL4
£205K03/250.45 mi2, Leicester Road, Blackpool FY1 4HL4
£78.5K05/230.47 mi25, Rydal Avenue, Blackpool FY1 4AR4
£250K12/220.47 mi16, Leamington Road, Blackpool FY1 4EZ4
£175K01/230.47 mi76, Newton Drive, Blackpool FY3 8EP4
£113K05/250.48 mi74, Grasmere Road, Blackpool FY1 5PN4
£113K05/250.48 mi74, Grasmere Road, Blackpool FY1 5PN4
£100K07/230.48 mi44, Kirkham Avenue, Blackpool FY1 6RJ4
£210K08/210.51 mi67, Park Road, Blackpool FY1 4JQ4
£100K11/210.51 mi17, Devonshire Road, Blackpool FY3 8DS4
£450K07/220.52 mi12, St Clements Avenue, Blackpool FY3 8LT4

Local Area Statistics

Population in FY3

31,487

Population in Blackpool

133,713

Town centre distance

1.04 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 £150,000

October 21, 2024

Listed for £160,000

June 4, 2024

Floor Plans

Property image

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 💪