8 Bed Terraced House, Single Let, Blackpool, FY1 4QS, £45,000

Arlen Hotel, 132 Hornby Road, Blackpool, Lancashire, FY1 4QS - 3 views - 10 months ago

Sold STC
Auction
BTL
ROI: 28%
~248 m²
+9 photos

ValuationUndervalued

Sold Prices£70K - £450K
Sold Prices/m²£560/m² - £4K/m²

 

 

Square Metres

~248 m²
Price/m²£181/m²

Value Estimate

£55,800
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£603

Running Costs/mo

£281

Cashflow/mo

£322

Cashflow/yr

£3,861

ROI

28%

Gross Yield

16%

Local Sold Prices

50 sold prices from £70K to £450K, average is £170K. £560/m² to £4K/m², average is £1K/m².

PriceDateDistanceAddressBeds 
£210K08/210.09 mi67, Park Road, Blackpool FY1 4JQ4
£167K09/210.13 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.13 mi33, Lincoln Road, Blackpool FY1 4HA4
£110.1K02/210.16 mi22, Longton Road, Blackpool FY1 4HW4
£160K05/230.18 mi7, Bennett Avenue, Blackpool FY1 4DP4
£95K07/230.18 mi144, Adelaide Street, Blackpool FY1 4LU4
£250K12/220.21 mi16, Leamington Road, Blackpool FY1 4EZ4
£129.9K06/210.22 mi133, Park Road, Blackpool FY1 4ET4
£230K07/210.26 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.26 mi194, Reads Avenue, Blackpool FY1 4JD4
£230K07/210.26 mi172, Reads Avenue, Blackpool FY1 4JD4
£85K05/210.28 mi229, Palatine Road, Blackpool FY1 4DX4
£132.5K01/210.3 mi15, Leeds Road, Blackpool FY1 4HQ4
£70.5K02/210.34 mi15, Erdington Road, Blackpool FY1 5EG4
£75K02/210.35 mi30, Erdington Road, Blackpool FY1 5EG4
£78.5K05/230.35 mi25, Rydal Avenue, Blackpool FY1 4AR4
£117.7K02/230.36 mi44, Whitegate Drive, Blackpool FY3 9AL4
£70K05/210.37 mi30, Kent Road, Blackpool FY1 5HB4
£79K07/210.39 mi2, Chadwick Street, Blackpool FY1 5EJ4
£93K10/210.41 mi49, Elizabeth Street, Blackpool FY1 3JF4
£100K11/210.44 mi17, Devonshire Road, Blackpool FY3 8DS4
£245K01/210.45 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.45 mi145, Whitegate Drive, Blackpool FY3 9ER4
£75K10/210.45 mi227, Central Drive, Blackpool FY1 5HX4
£173K11/210.46 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.46 mi3, Kensington Road, Blackpool FY3 9DU4
£179.9K06/230.49 mi13, Gorse Road, Blackpool FY3 9ED4
£157.5K03/210.5 mi34, Newton Drive, Blackpool FY3 8BY4
£130K02/210.55 mi13, Westwood Avenue, Blackpool FY3 9DW4
£192.5K12/200.57 mi18, West Park Drive, Blackpool FY3 9DN4
£390K08/230.59 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.59 mi47, Forest Gate, Blackpool FY3 9BA4
£235K04/210.59 mi45, Forest Gate, Blackpool FY3 9BA4
£209K08/230.6 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£98K12/200.61 mi11, South Square, Blackpool FY3 8AJ4
£120K11/200.62 mi12, Collingwood Avenue, Blackpool FY3 8BZ4
£175K01/230.63 mi76, Newton Drive, Blackpool FY3 8EP4
£270K06/210.67 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.67 mi80, West Park Drive, Blackpool FY3 9HU4
£420K11/200.69 mi11, St Josephs Close, Blackpool FY3 8LU4
£323K10/200.69 mi25, North Park Drive, Blackpool FY3 8LR4
£115K12/200.69 mi3, Thirsk Grove, Blackpool FY1 5NH4
£260K11/210.69 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£357K01/210.75 mi19, Vernon Avenue, Blackpool FY3 9JF4
£305K10/200.76 mi15, St Clements Avenue, Blackpool FY3 8LT4
£450K07/220.76 mi12, St Clements Avenue, Blackpool FY3 8LT4
£98K11/200.82 mi20, Saville Road, Blackpool FY1 6JP4
£399.9K06/220.83 mi16, Milton Avenue, Blackpool FY3 8LY4
£79K07/210.83 mi11, Hawthorn Road, Blackpool FY1 2RE4
£215K12/200.84 mi50, Beechfield Avenue, Blackpool FY3 9JH4

Local Rents

51 rents from £650/mo to £2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90002/250.08 mi-3
£1,50003/250.09 mi-3
£69504/250.15 mi-3
£2,00002/250.15 mi-3
£2,00002/250.15 mi-3
£90004/240.16 miSouth King Street, Blackpool3
£80005/240.2 mi-3
£80005/240.2 mi-3
£70004/240.26 miPeter Street, Blackpool, FY1 3LT3
£90005/240.29 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£72504/240.3 miHarrison Street, Blackpool, Lancashire, FY13
£95004/240.32 mi-4
£80004/240.37 miPark Road, Blackpool, FY1 5QN3
£77504/240.37 miErdington Road, Blackpool3
£80005/240.38 mi28 Gloucester Avenue3
£1,20003/250.38 mi-3
£75004/240.38 miCaunce Street, Blackpool3
£85001/250.39 mi-3
£70004/240.41 miFlat 2, 16 Coop Street3
£1,30001/250.42 mi-5
£1,40004/250.43 mi-4
£95004/240.45 miWestmorland Avenue, Blackpool, Lancashire, FY15
£1,20004/250.45 mi-3
£1,30004/240.45 miMere Road, Blackpool, Lancashire, FY34
£95004/240.46 miBryan Road, Blackpool3
£75005/240.46 mi-3
£1,20003/250.47 mi-4
£95001/240.47 mi-3
£82504/240.48 miBickerstaffe Street, Blackpool3
£75004/240.5 miManchester Road, Blackpool, FY3 8DN3
£72501/250.51 mi-3
£72501/250.51 mi-3
£80004/240.52 mi16 Harley Road, Blackpool, FY3 9DY3
£95005/240.52 mi-3
£82504/240.52 miWyre Grove, Blackpool3
£80004/240.53 miSelbourne Road, Blackpool, Lancashire, FY13
£80005/240.53 miManchester Road, Blackpool, FY3 8BP3
£85005/240.53 mi-3
£1,10004/240.53 miPrincess Street3
£65006/240.53 mi-3
£85004/240.54 mi34 Woodland Grove3
£95001/250.55 mi-3
£85005/240.55 mi-3
£79512/240.55 mi-3
£79501/250.55 mi-3
£82505/240.55 miWestwood Avenue, Blackpool3
£95005/240.56 mi8 Westwood Avenue, Blackpool, FY3 9DW3
£1,10005/240.56 mi-3
£1,10004/240.56 mi92 Grasmere Road3
£1,25002/250.59 mi-4
£90004/240.61 miWilkinson Avenue, Blackpool3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £45,000

June 7, 2024

Description

  • SOLD BY CONNECT UK AUCTIONS: +
  • Future potential for residential conversion subject to all consents. +
  • Rear vehicle access from Regent Road +
  • Auction Finance Available By Request +
  • Full Auction Legal Pack Available Upon Request +
  • Vacant Possession +
  • Freehold +

DESCRIPTION:
A freehold former eight bedroom hotel. Laid over four floors. Requires refurbishment. Future potential subject to all consents. vacant possession.

N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for the particular individual or company, will be rescinded.

ACCOMMODATION:
Ground floor, three reception rooms, kitchen, two bedrooms, bathroom, utility room. (cellar)
First floor, four bedrooms, bathroom, WC.
Second floor, Two bedrooms, WC.
Off road parking
Rear vehicle access from Regent Road.

LOCATION:
Blackpool is a seaside resort town in Lancashire, England. It is located on the Irish Sea coast of the Fylde peninsula, approximately 27 miles (43 km) north of Liverpool and 14 miles (23 km) west of Preston. It is the main settlement in the borough of the same name.

TENURE:
Freehold

UNCONDITIONAL LOT:
N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for that particular individual or company, will be rescinded.
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).

Agent Details

Connect-UK, Head Office - Crawley

01202 145416

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪