2 Bed Terraced House, Single Let, Blackpool, FY4 3HE, £60,000

Millington Avenue, Blackpool, FY4 3HE - 8 views - 8 months ago

Sold STC
Auction
BTL
ROI: 18%
~56 m²
+4 photos

ValuationUndervalued

Sold Prices£60K - £235K
Sold Prices/m²£690/m² - £3K/m²

 

 

Square Metres

~56.49 m²
Price/m²£1.1K/m²

Value Estimate

£72,752
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£542 - £1,500

Rent Estimate

£595

Running Costs/mo

£327

Cashflow/mo

£269

Cashflow/yr

£3,222

ROI

18%

Gross Yield

12%

Local Sold Prices

50 sold prices from £60K to £235K, average is £96K. £690/m² to £3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£79K04/230 mi12, Millington Avenue, Blackpool FY4 3HE2
£95K09/210.09 mi183, Harcourt Road, Blackpool FY4 3HN2
£80K02/210.09 mi102, Loftos Avenue, Blackpool FY4 3HA2
£85K11/230.11 mi155, Powell Avenue, Blackpool FY4 3HQ2
£84K11/200.16 mi25, Macauley Avenue, Blackpool FY4 4AG2
£100K02/210.16 mi20, Macauley Avenue, Blackpool FY4 4AG2
£120K06/230.16 mi8, Macauley Avenue, Blackpool FY4 4AG2
£121.5K03/230.16 mi17, Macauley Avenue, Blackpool FY4 4AG2
£135K12/220.16 mi15, Thursfield Avenue, Blackpool FY4 4AH2
£117.5K02/230.16 mi26, Thursfield Avenue, Blackpool FY4 4AH2
£115K11/220.16 mi28, Thursfield Avenue, Blackpool FY4 4AH2
£74K05/230.17 mi128, Harcourt Road, Blackpool FY4 3HW2
£93.5K02/210.18 mi27, Hathaway, Blackpool FY4 4AB2
£70K06/210.18 mi107, Hemingway, Blackpool FY4 3DR2
£90K04/230.18 mi92, Hemingway, Blackpool FY4 3DR2
£115K01/230.18 mi116, Hemingway, Blackpool FY4 3DR2
£71K09/210.2 mi2, Swindon Avenue, Blackpool FY4 3DX2
£105K06/230.21 mi49, Ellesmere Road, Blackpool FY4 3DJ2
£100K03/230.21 mi81, Hemingway, Blackpool FY4 3DR2
£89K03/210.22 mi12, Morley Road, Blackpool FY4 4EP2
£60K05/210.25 mi53, Crossland Road, Blackpool FY4 4BD2
£89K12/220.25 mi42, Crossland Road, Blackpool FY4 4BD2
£77K03/230.25 mi9, Crossland Road, Blackpool FY4 4BD2
£105K03/230.25 mi10, Mirfield Grove, Blackpool FY4 3DN2
£78K04/210.25 mi34, Brook Street, Blackpool FY4 4BE2
£82K01/230.25 mi11, Brook Street, Blackpool FY4 4BE2
£71K11/200.25 mi20, Brook Street, Blackpool FY4 4BE2
£88K06/210.26 mi30, Ellesmere Road, Blackpool FY4 3DH2
£82.5K10/200.26 mi32, Ellesmere Road, Blackpool FY4 3DH2
£148K04/230.26 mi32, Ellesmere Road, Blackpool FY4 3DH2
£119.3K01/230.28 mi23, Marton Drive, Blackpool FY4 3DF2
£122.5K06/230.28 mi15, Marton Drive, Blackpool FY4 3DF2
£94K08/210.29 mi6, Edwell Avenue, Blackpool FY4 3BX2
£116K12/220.29 mi29, Pedders Lane, Blackpool FY4 3HY2
£97K09/210.3 mi26, Starbeck Avenue, Blackpool FY4 3BA2
£115K11/200.31 mi12, Marton Drive, Blackpool FY4 3DQ2
£141.5K01/230.31 mi57, Chislehurst Avenue, Blackpool FY4 3AS2
£138K12/220.31 mi10, East Side, Blackpool FY4 4YD2
£114K06/210.32 mi12, Harcourt Road, Blackpool FY4 3ET2
£83K11/210.33 mi5, Houghton Avenue, Blackpool FY4 3BU2
£72.5K12/220.35 mi1, Frederick Street, Blackpool FY4 3BQ2
£115K12/230.36 mi45, Rectory Road, Blackpool FY4 4DU2
£93.5K12/220.39 mi17, Belgrave Road, Blackpool FY4 4DZ2
£73.4K02/210.39 mi51, Aintree Road, Blackpool FY4 3BD2
£60K12/200.41 mi1, Truro Street, Blackpool FY4 3BJ2
£107K02/240.42 mi19, Halton Gardens, Blackpool FY4 4LZ2
£193K11/200.42 mi33, Helmsdale Road, Blackpool FY4 5AR2
£235K06/230.42 mi40, Helmsdale Road, Blackpool FY4 5AR2
£110K01/210.43 mi22, Southworth Avenue, Blackpool FY4 3LH2
£115K04/230.45 mi34, Stamford Avenue, Blackpool FY4 2BJ2

Local Rents

24 rents from £542/mo to £1.5K/mo, average is £688/mo.

RentDateDistanceAddressBeds 
£70012/240.14 mi-2
£67504/240.16 miSowerby Avenue, Blackpool, FY4 3EH2
£62504/240.16 miSowerby Avenue, Blackpool2
£60004/240.17 miHAWES SIDE court, BLACKPOOL, FY4 4BG2
£75003/250.26 mi-2
£72004/250.26 mi-2
£72004/250.26 mi-2
£75005/240.29 miPedders Lane, Blackpool, Lancashire, FY42
£70004/240.35 miFrederick Street, Blackpool2
£85004/250.36 mi-2
£59505/240.37 mi-2
£59504/240.37 miHarcourt Road, Blackpool, FY42
£67504/240.41 miTruro Street, Blackpool, Lancashire, FY42
£65004/240.48 miVicarage Lane, Blackpool2
£65004/240.49 miSt. Annes Road, Blackpool, Lancashire, FY42
£65004/250.5 mi-2
£1,50004/240.5 mi-2
£1,00005/240.5 mi-2
£1,00004/240.5 miVicarage Lane, Blackpool, FY42
£1,10004/250.51 mi-2
£62504/240.52 miSouth Lawn, Blackpool2
£1,00004/240.59 miLowfield Road, Blackpool, FY4 5BL2
£57504/240.6 miNewhouse Road, Blackpool, Lancashire, FY42
£54204/240.6 miNewhouse Road, Blackpool, Lancashire, FY42

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.72 miles away

Nearest school

0.30 miles away

Nearest train station

0.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £60,000

August 21, 2024

Floor Plans

Description

  • For Sale by Online Auction +
  • Double Glazing +
  • Large Living Room +
  • Kitchen/Dining Room +
  • Gas Central Heating +
  • Attractive Bathroom +
  • Convenient Location +
  • Priced to Sell +
  • No Chain Delay +
  • Large Lawn Garden +

For Sale by Online Auction with a Starting Bid of £60,000. Terms & Conditions Apply. See WebbMove for all the Auction Details.

Attractively priced two bedroom garden terraced house situated in a convenient location close to all local amenities including shops, schools and bus routes, making all areas of the Fylde Coast easily accessible. Offering NO CHAIN, the property briefly comprises; hallway, lounge, kitchen, fully tiled bathroom, gas central heating, double glazing, a garden to front and a large rear lawned garden to the rear.  

ENTRANCE HALL  

LOUNGE Double glazed window. Central heating radiator. 

KITCHEN/DINING ROOM Fitted wall and base units. Stainless steel sink unit and mixer tap. Integrated oven and hob. Double glazed french doors. Laminate floor. 

STAIRS AND LANDING  

BEDROOM 1 Double glazed window. Central heating radiator. 

BEDROOM 2 Double glazed window. Central heating radiator. 

BATHROOM Spa bath. WC. Pedestal hand basin. Fully tiled. Double glazed window. Central heating radiator. Over the bath shower and screen. 

GARDENS To front.

Lawn and patio to rear. 

AUCTION INFORMATION This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 24th October 2024. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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