2 Bed Terraced House, Single Let, Blackpool, FY3 8EG, £90,000

14 Drummond Avenue, Blackpool, FY3 8EG - 5 views - 9 months ago

Sold STC
BTL
ROI: 9%
69 m²
+9 photos

ValuationOvervalued

Sold Prices£60K - £165K
Sold Prices/m²£604/m² - £2.5K/m²

 

 

Square Metres

68.83 m²
Price/m²£1.3K/m²

Value Estimate

£85,506

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£575 - £1,350

Rent Estimate

£625

Running Costs/mo

£426

Cashflow/mo

£199

Cashflow/yr

£2,385

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £165K, average is £83K. £604/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£85K07/210 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210 mi38, Drummond Avenue, Blackpool FY3 8EG2
£64K02/230.03 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£80.5K12/200.03 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£83K03/210.03 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.03 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.03 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.03 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£90K12/220.04 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£85K05/210.04 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£75K12/200.06 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£91K09/210.09 mi10, Brierley Avenue, Blackpool FY3 8HP2
£65K04/210.11 mi2, Grenfell Avenue, Blackpool FY3 7BP2
£82.5K03/230.11 mi25, Grenfell Avenue, Blackpool FY3 7BP2
£97.5K02/210.13 mi12, Gisburn Grove, Blackpool FY3 7DA2
£109K11/200.13 mi17, Sussex Road, Blackpool FY3 8HW2
£165K07/220.13 mi28, Camden Road, Blackpool FY3 8HN2
£85.8K11/210.15 mi2, Gisburn Grove, Blackpool FY3 7DA2
£70K05/230.15 mi6, Gisburn Grove, Blackpool FY3 7DA2
£105K10/200.15 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£85K12/220.16 mi3, Camden Road, Blackpool FY3 8HN2
£72K05/210.16 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.16 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.16 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£60K04/210.16 mi6, Jackson Street, Blackpool FY3 7BZ2
£92K06/230.16 mi18, Jackson Street, Blackpool FY3 7BZ2
£60K04/210.16 mi6, Jackson Street, Blackpool FY3 7BZ2
£83K12/220.16 mi9, Huntley Avenue, Blackpool FY3 7BU2
£72.5K02/210.2 mi7, Garrick Grove, Blackpool FY3 7DD2
£80K01/210.2 mi10, Garrick Grove, Blackpool FY3 7DD2
£67K05/230.2 mi4, Garrick Grove, Blackpool FY3 7DD2
£93K06/230.2 mi1, Garrick Grove, Blackpool FY3 7DD2
£61K11/200.2 mi2, Garrick Grove, Blackpool FY3 7DD2
£90K10/210.21 mi49, Onslow Road, Blackpool FY3 7DF2
£80K11/200.21 mi13, Onslow Road, Blackpool FY3 7DF2
£70K11/210.21 mi15, Onslow Road, Blackpool FY3 7DF2
£62.5K10/200.24 mi1, Laburnum Street, Blackpool FY3 8RP2
£90K11/200.25 mi36, Lynwood Avenue, Blackpool FY3 7DG2
£77.5K03/230.25 mi19, Healey Street, Blackpool FY3 8RW2
£90K04/210.26 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.26 mi30, Heathway Avenue, Blackpool FY3 8HE2
£153K01/230.27 mi53, Torsway Avenue, Blackpool FY3 8JZ2
£110K06/230.27 mi60, Deneway Avenue, Blackpool FY3 8JS2
£100K02/210.27 mi24, Norwood Avenue, Blackpool FY3 7DJ2
£115K05/210.28 mi20, Blairway Avenue, Blackpool FY3 8JT2
£127K11/210.28 mi6, Bardsway Avenue, Blackpool FY3 8JP2
£95K03/210.28 mi30, Bardsway Avenue, Blackpool FY3 8JP2

Local Rents

50 rents from £575/mo to £1.4K/mo, average is £678/mo.

RentDateDistanceAddressBeds 
£69001/250.04 mi-2
£67504/240.04 mi-2
£68004/250.05 mi-2
£80005/240.06 miRathlyn Avenue, Blackpool2
£65012/240.15 mi-2
£65004/240.17 miWilford Street, Blackpool2
£64005/240.17 mi-2
£65005/240.17 mi-2
£62504/240.17 mi-2
£67504/240.23 miCypress Grove, Blackpool, FY3 8RR2
£65004/240.24 miLaburnum Street, Blackpool, Blackpool2
£60005/240.25 mi-2
£60003/250.25 mi-2
£67504/240.29 miMelrose Avenue, Blackpool, Lancashire, FY32
£62503/250.32 mi-2
£67504/240.33 miChester Road, Blackpool, Lancashire, FY32
£57512/240.33 mi-2
£62504/240.33 miChester Road, Blackpool2
£62504/240.34 mi-2
£75012/240.34 mi-2
£75005/240.42 mi-2
£77502/250.42 mi-2
£75004/240.42 miNewton Drive, Blackpool, FY32
£75003/250.43 mi-2
£69502/240.45 mi-2
£66503/240.46 mi-2
£66505/240.46 mi-2
£67503/250.46 mi-2
£66504/240.46 miCoopers Way, Blackpool, FY12
£66504/240.46 miCoopers Way, Blackpool, FY12
£1,35001/240.46 mi-2
£1,35001/250.46 mi-2
£70012/240.49 mi-2
£80012/240.51 mi-2
£80003/250.51 mi-2
£80006/240.51 mi-2
£80005/240.51 miNewton Drive, Blackpool, FY32
£97504/240.51 miCourtfield Avenue, Blackpool, Lancashire, FY22
£62504/240.51 mi-2
£77505/240.56 miWhitley Avenue, Blackpool, Lancashire, FY32
£63502/250.57 mi-2
£89504/240.59 miRaymond Avenue, Blackpool, Lancashire, FY22
£69504/240.6 miNewton Drive, Blackpool2
£67504/240.61 mi-2
£80002/240.61 mi-2
£82003/250.62 mi-2
£82004/250.62 mi-2
£99504/250.62 mi-2
£77502/250.62 mi-2
£65004/240.62 mi-2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.05 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £90,000

August 8, 2024

Sold for £73,000

2019

Sold for £74,000

2011

Sold for £82,950

2004

Sold for £35,950

1998

Floor Plans

Description

  • Two Bedroom Mid-Terraced +
  • Perfect For First Time Buyers +
  • Two Reception Rooms +
  • Two Double Bedrooms +
  • Close To Local Shops And Amenities +
  • No Onward Chain Delay +
  • 360 Virtual Tour Available +

Tiger Estates Introduce To The Market This Well Presented Two Bedroom Property Perfect For First Time Buyers Looking To Take That First Step Onto The Property Ladder. With Two Reception Rooms, Two Double Bedrooms And A Low Maintenance Rear Yard.

For Your Viewing Call Tiger Estates Today Or Visit Our 360 Virtual Tour For A Closer Look.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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