3 Bed Flat, Single Let, Blackpool, FY2 9PG, £90,000

20 Queens Court, Blackpool, FY2 9PG - 10 months ago

Sold STC

Leasehold

BTL

ROI: 17%

99 m²

+3 photos

ValuationUndervalued

Sold Prices	£70K - £283K
Sold Prices/m²	£706/m² - £3.6K/m²

Square Metres	99 m²
Price/m²	£909/m²
Value Estimate	£110,700£110,700
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£5,700£5,700
Total Cash In	£28,200£28,200

Cash Out
Rent Range	£800 - £4,500£800 - £4,500
Rent Estimate	£878
Running Costs/mo	£477£477
Cashflow/mo	£401£401
Cashflow/yr	£4,814£4,814
ROI	17%17%
Gross Yield	12%12%

Local Sold Prices

17 sold prices from £70K to £283K, average is £113K. £706/m² to £3.6K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£113K	09/21	0.01 mi	Flat 9, Queens Court, Queens Promenade, Blackpool FY2 9PG	-	-	3	Flat
£129.3K	10/22	0.01 mi	Flat 22, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG	-	-	3	Flat
£94K	02/21	0.06 mi	Flat 14, Duchess Court, Queens Promenade, Blackpool FY2 9PR	-	-	3	Flat
£70K	06/21	0.06 mi	Flat 20, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR	-	-	3	Flat
£75K	04/23	0.13 mi	Flat 55, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY	-	-	3	Flat
£79K	05/23	1.02 mi	29, Linden Place, Blackpool FY2 0QZ	-	-	3	Flat
£75K	05/23	1.1 mi	32, Edmonton Place, Blackpool FY2 0UT	-	-	3	Flat
£80K	06/23	1.41 mi	24, Kilmory Place, Bispham, Blackpool FY2 0XS	£1,249	64	3	Flat
£153K	11/20	1.46 mi	23, Kendal Avenue, Blackpool FY3 7LG	£1,759	87	3	Flat
£80K	07/22	1.83 mi	38b, Bryan Road, Blackpool FY3 9BE	-	-	3	Flat
£170K	04/21	2.34 mi	310, Admirals Sound, Thornton-cleveleys, Lancashire FY5 1AE	£1,604	106	3	Flat
£72K	09/22	2.74 mi	23, Dunelt Road, Blackpool FY1 6LR	£706	102	3	Flat
£270K	09/21	2.78 mi	6, Poplar Avenue, Poulton-le-fylde, Lancashire FY6 8JD	£3,600	75	3	Flat
£250K	08/21	2.79 mi	15, Windsor Court, Poulton-le-fylde, Lancashire FY6 7UX	-	-	3	Flat
£126K	11/21	2.92 mi	84, Saville Road, Blackpool FY1 6JT	-	-	3	Flat
£125K	11/21	2.94 mi	17, Shaw Road, Blackpool FY1 6HA	-	-	3	Flat
£283K	01/21	2.96 mi	2, Briar Mews, Thornton-cleveleys, Lancashire FY5 4NH	£1,812	156	3	Flat

Local Rents

18 rents from £800/mo to £4.5K/mo, average is £913/mo.

Rent	Date	Distance	Address	Beds	Type
£895	04/24	0.27 mi	Admiral Gardens, Bispham	3	Terraced House
£895	04/24	0.39 mi	Edenvale Avenue, FY2	3	Semi-Detached House
£1,150	05/24	0.39 mi	3 Cliff Place, Bispham, Blackpool. FY2 9JT	3	Semi-Detached House
£900	04/24	0.41 mi	Bispham, Blackpool, FY2 9RZ	3	Terraced House
£975	04/24	0.41 mi	Warbreck Drive, Blackpool, FY2 9RZ	3	House
£1,400	03/24	0.42 mi	-	3	Semi-Detached House
£1,300	11/24	0.42 mi	-	3	Semi-Detached House
£4,500	04/24	0.42 mi	Empress Drive, Blackpool, FY2	3	Flat
£4,500	06/24	0.42 mi	-	3	Flat
£1,050	02/24	0.46 mi	-	3	Semi-Detached House
£895	05/24	0.51 mi	Cavendish Road, FY2	3	Semi-Detached House
£800	04/24	0.6 mi	-	3	Flat
£895	03/24	0.6 mi	-	3	Semi-Detached House
£899	02/24	0.6 mi	-	3	Terraced House
£925	04/24	0.61 mi	Inver Road, Blackpool, FY2 0LW	3	Detached House
£875	04/24	0.61 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£875	05/24	0.61 mi	Inver Road, Blackpool, FY2 0LW	3	Semi-Detached House
£925	05/24	0.61 mi	Inver Road, Blackpool, Lancashire	3	House

Local Area Statistics

Population in FY2	24,58924,589
Population in Blackpool	133,713133,713
Town centre distance	2.51 miles away2.51 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	1.07 miles away1.07 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+50%+50%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+18%+18%

Property History

Price changed to £90,000

January 31, 2025

Price changed to £99,950

December 4, 2024

Listed for £109,950

June 6, 2024

Description

Spacious Ground Floor Apartment +
Hallway + Lounge +
Fitted Kitchen +
Three Bedrooms +
Bathroom Suite + Sep WC +
Gas Central Heating + Double Glazing +
Parking To The Rear +
No Forward Chain Involved +
Needs Modernizing Throughout +
Council Tax Band B - EPC Rating C +

PRIVATE HALLWAY The apartment hallway has built-in storage space.

LOUNGE Upvc double glazed window units to the side and front elevations with fireplace area, TV entertainment area and also has a radiator unit attached.

KITCHEN Fitted with a range of base and eye level units, cornice trims, drawers and worktops. The kitchen has space for an oven, fridge and washing machine with storage units.

BEDROOM 1 Upvc double glazed window unit with fitted wardrobes and also has a radiator unit.

BEDROOM 2 Upvc double glazed window unit and also has a radiator unit attached.

BEDROOM 3 Upvc double glazed window unit and also has a radiator unit attached.

BATHROOM Fitted with a bathroom suite and radiator unit to the side elevation.

SEPARATE WC Fitted with a low level WC and window unit to the rear elevation.

PROPERTY INFORMATION Date : 25 March 1959
Term : 99 years from 1 October 1958
Rent : £5 and insurance rent
Service Charge £84.00 per calendar month, Insurance £200.00 per annum.
Parties : (1) Queens Drive Court (Blackpool) Limited

Agent Details

Elliott Booth, Blackpool

01253 835449

Next Steps?

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