2 Bed Flat, Single Let, Blackpool, FY2 9UL, £90,000

VINE COURT Gosforth Road, Blackpool, FY2 9UL - 2 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~74 m²
+7 photos

ValuationFair Value

Sold Prices£51K - £247K
Sold Prices/m²£606/m² - £2.1K/m²

 

 

Square Metres

~73.50 m²
Price/m²£1.2K/m²

Value Estimate

£91,427

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

£411 - £3,000

Rent Estimate

£550

Running Costs/mo

£411

Cashflow/mo

£139

Cashflow/yr

£1,665

ROI

6%

Gross Yield

7%

Local Sold Prices

34 sold prices from £51K to £247K, average is £82.8K. £606/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K02/210 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£92K01/230.04 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£109K01/230.17 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/230.17 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/210.17 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/230.17 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£59K05/230.33 mi12a, Northfield Avenue, Blackpool FY1 2ND2
£73K05/230.5 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£83K03/230.5 mi11, Hampstead Mews, Blackpool FY1 2SG2
£95K01/230.53 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/200.53 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£130K06/230.53 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£82.5K03/230.59 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£97.5K09/220.59 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£51K11/200.62 mi102, Spencer Court, Blackpool FY1 3TP2
£90K03/210.64 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/210.64 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/220.64 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/210.64 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/210.64 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/230.64 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/230.64 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/230.64 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/230.64 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/230.64 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£64K08/220.64 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£92K07/230.83 mi15a, Cavendish Road, Blackpool FY2 9JR2
£118K02/210.84 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/220.84 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£247K10/210.85 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£60K08/220.87 mi88, Gorton Street, Blackpool FY1 3HP2
£94K11/220.94 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£90K12/220.96 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£63.5K05/211 mi162 - 164, Caunce Street, Blackpool FY1 3NJ2

Local Rents

38 rents from £411/mo to £3K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£62504/240.07 mi58 Cornwall Avenue2
£85002/250.15 mi-2
£55004/240.15 miWarbreck Drive, Blackpool, FY2 9SX2
£55002/240.16 mi-2
£55002/250.16 mi-2
£65004/240.16 mi-2
£75012/240.18 mi-2
£65004/240.21 miFlat 0, 20 Knowle Avenue, Blackpool,FY2 9RX2
£3,00005/240.23 mi-2
£3,00006/240.23 mi-2
£1,00004/240.27 mi-2
£1,20005/240.27 mi-2
£1,32501/250.27 mi-2
£1,25001/250.27 mi-2
£82505/240.3 miGoodwood Avenue, Blackpool, Lancashire, FY22
£52504/240.33 miWarley Road, Blackpool, Lancashire, FY12
£1,20004/240.38 mi-2
£1,20004/240.38 mi-2
£1,00011/240.38 mi-2
£1,20004/240.38 miGynn Avenue, Blackpool, FY12
£65004/240.39 miClaremont Road, Blackpool2
£89504/240.39 miRaymond Avenue, Blackpool, Lancashire, FY22
£80004/250.39 mi-2
£97504/240.45 miCourtfield Avenue, Blackpool, Lancashire, FY22
£65004/240.46 miCarshalton Road , Blackpool2
£69501/250.47 mi-2
£41104/240.51 miClevedon Road, Blackpool, FY1 2NX2
£70003/240.51 mi-2
£70004/240.51 miWoburn Road, Blackpool, FY12
£75003/250.51 mi-2
£75005/240.53 miHurstwood Drive, Bispham, FY2 0WU2
£69002/250.55 mi-2
£69502/240.59 mi-2
£66503/240.59 mi-2
£66505/240.59 mi-2
£67503/250.59 mi-2
£66504/240.59 miCoopers Way, Blackpool, FY12
£66504/240.59 miCoopers Way, Blackpool, FY12

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.01 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £90,000

August 22, 2024

Sold for £80,000

2004

Sold for £34,500

1998

Floor Plans

Description

  • A Two Bedroom First Floor Apartment +
  • Spacious Lounge, Modern Kitchen With Dining Space +
  • Two Generously Sized Bedrooms, Master With Fitted Wardrobes +
  • Three Piece Bathroom Suite, Parking To The Rear +
  • Garage, Leasehold with Remainder of a 999 Year Lease +
  • £800PA Management Cost, Ideal First Time Buy Or Investment +

Entrance Hallway - Laminate flooring, radiator, good sized storage cupboard and access to all rooms. Lounge 2.98m x 4.01m - A double glazed window to the side, laminate flooring, radiator and a a gas fire (currently capped) Kitchen Diner 2.33m x 3.66m - A range of wall and base units with complimentary work surfaces over, inset sink unit, gas cooker, space for fridge freezer dishwasher dryer and washing machine. Vinyl flooring and a double glazed window to the rear. Bedroom One 2.98m x 4.01m - A double glazed window to the front, laminate flooring, radiator and fitted wardrobes. Bedroom Two 2.81m x 3.69m - A double glazed window to the rear, laminate flooring and radiator. Bathroom - A three piece suite comprising of a low flush WC, pedestal wash hand basin and a panelled bath with mains fed shower over. A double glazed opaque window to the rear, tiled flooring, radiator and a airing cupboard housing the boiler. Exterior - Communal gardens are on offer with parking to the rear, with access to the garages.  Garage 4.90m x 3.69m - Access is granted via and up and over door to the front. Additional Information - The property is leasehold and has the remainder of a 999 years, the management cost is £800 and this covers the cleaning of the communal areas, gardening, cleaning of the windows and the bins being emptied. The boiler is approx 18 months old with the kitchen being installed approx 2 years ago and the bathroom 6 years ago.

Council Tax Band: B Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

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