2 Bed Terraced House, Single Let, Blackpool, FY1 2RB, £58,000

Enfield Road, Blackpool, FY1 2RB - 8 months ago

BTL
ROI: 13%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£55K - £170K
Sold Prices/m²£613/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£852/m²

Value Estimate

£70,180
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,500

Stamp Duty & Legal Fees

£4,100

Total Cash In

£18,600

 

 

Cash Out

 

Rent Range

£411 - £1,250

Rent Estimate

£500

Running Costs/mo

£301

Cashflow/mo

£199

Cashflow/yr

£2,385

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £55K to £170K, average is £77.5K. £613/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£77.5K11/200 mi66, Enfield Road, Blackpool FY1 2RB2
£64K11/200.02 mi81, Handsworth Road, Blackpool FY1 2QZ2
£78K11/200.02 mi6, Hampstead Mews, Blackpool FY1 2SG2
£77K12/200.06 mi11, Stanhope Road, Blackpool FY1 2QY2
£55K01/210.1 mi11, Fairfield Road, Blackpool FY1 2RA2
£74.5K06/230.11 mi38, Bedford Road, Blackpool FY1 2QS2
£77K12/200.12 mi10, Leavesley Road, Blackpool FY1 2QP2
£60K06/210.19 mi17, Beresford Street, Blackpool FY1 3RF2
£91.5K09/210.19 mi19, Smithy Mews, Blackpool FY1 2EQ2
£170K05/210.22 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.22 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£150K09/210.28 mi10, Geldof Drive, Blackpool FY1 2AQ2
£110K12/210.3 mi28, Courtfield Avenue, Blackpool FY2 0UN2
£85K03/210.32 mi222, Warley Road, Blackpool FY2 0UD2
£76.5K09/210.33 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.33 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.33 mi6, Heald Street, Blackpool FY3 8BG2
£100K03/230.33 mi18, Northfield Avenue, Blackpool FY1 2ND2
£77.5K03/230.33 mi19, Healey Street, Blackpool FY3 8RW2
£65K03/210.34 mi95, Cocker Street, Blackpool FY1 2EB2
£75K12/210.34 mi2, Handley Road, Blackpool FY1 3HW2
£116K03/210.35 mi87, Bexley Avenue, Blackpool FY2 0TE2
£75.5K03/210.35 mi12, Howard Street, Blackpool FY1 2EL2
£103.5K04/210.35 mi221, Warley Road, Blackpool FY2 0UL2
£78.5K02/210.35 mi209, Warley Road, Blackpool FY2 0UL2
£62.5K10/200.35 mi1, Laburnum Street, Blackpool FY3 8RP2
£76K05/230.35 mi29, Cross Street, Blackpool FY1 2EA2
£73K01/230.35 mi12, Cross Street, Blackpool FY1 2EA2
£110K12/200.36 mi3, Blackfen Place, Blackpool FY2 0XG2
£96K05/230.36 mi23, Gorton Street, Blackpool FY1 3HP2
£75K01/230.38 mi4, Moorhouse Street, Blackpool FY1 2HL2
£73K01/210.38 mi18, Richmond Road, Blackpool FY1 2NJ2
£92K06/230.38 mi31, Butler Street, Blackpool FY1 3HR2
£65K11/210.4 mi9, Avenham Grove, Blackpool FY1 2EN2
£72K05/210.4 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.4 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.4 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£75K12/220.4 miClyde Cottage, Clyde Street, Blackpool FY1 2HT2
£97.3K12/200.41 mi35, Raymond Avenue, Blackpool FY2 0TY2
£105K10/200.43 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£79K11/200.43 mi21, Ormond Avenue, Blackpool FY1 2LW2
£163.5K02/210.43 mi38, Cambray Road, Blackpool FY1 2LX2
£155K02/210.43 mi30, Cambray Road, Blackpool FY1 2LX2
£157K11/200.43 mi22, Cambray Road, Blackpool FY1 2LX2
£56K03/230.44 mi21, Fisher Street, Blackpool FY1 3HX2
£142K12/220.44 mi24, Holly Road, Blackpool FY1 2SF2
£61.5K12/200.44 mi43, Fisher Street, Blackpool FY1 3HX2
£100K09/210.47 mi81, Mansfield Road, Blackpool FY3 7HZ2
£94K12/220.47 mi91, Mansfield Road, Blackpool FY3 7HZ2
£125K01/230.48 mi282, Warley Road, Blackpool FY2 0UG2

Local Rents

51 rents from £411/mo to £1.3K/mo, average is £680/mo.

RentDateDistanceAddressBeds 
£69501/250.07 mi-2
£66503/240.1 mi-2
£66504/240.1 miCoopers Way, Blackpool, FY12
£66505/240.1 mi-2
£66504/240.1 miCoopers Way, Blackpool, FY12
£67503/250.1 mi-2
£69502/240.11 mi-2
£80004/250.13 mi-2
£65004/240.15 miClaremont Road, Blackpool2
£63502/250.15 mi-2
£70003/240.18 mi-2
£70004/240.18 miWoburn Road, Blackpool, FY12
£77501/250.19 mi-2
£75003/250.21 mi-2
£41104/240.28 miClevedon Road, Blackpool, FY1 2NX2
£65004/250.3 mi-2
£52504/240.31 miWarley Road, Blackpool, Lancashire, FY12
£65004/240.31 miCarshalton Road , Blackpool2
£97504/240.31 miCourtfield Avenue, Blackpool, Lancashire, FY22
£62503/250.33 mi-2
£90002/250.33 mi-2
£62504/240.33 mi-2
£75012/240.34 mi-2
£62504/240.34 miChester Road, Blackpool2
£67504/240.34 miChester Road, Blackpool, Lancashire, FY32
£60005/240.35 mi-2
£60003/250.35 mi-2
£57512/240.35 mi-2
£62504/240.35 miCross Street, Blackpool2
£1,20002/250.35 mi-2
£1,25004/240.36 mi-2
£80001/250.36 mi-2
£65004/240.36 miLaburnum Street, Blackpool, Blackpool2
£60605/240.37 miLewtas Street, Blackpool, FY1 2DY2
£67504/240.37 miCypress Grove, Blackpool, FY3 8RR2
£89504/240.39 miRaymond Avenue, Blackpool, Lancashire, FY22
£70004/240.41 mi-2
£67004/250.45 mi-2
£82505/240.48 miGoodwood Avenue, Blackpool, Lancashire, FY22
£1,20004/240.49 miGynn Avenue, Blackpool, FY12
£1,20004/240.49 mi-2
£1,20004/240.49 mi-2
£1,00011/240.49 mi-2
£55004/240.52 miWarbreck Drive, Blackpool, FY2 9SX2
£75012/240.53 mi-2
£77502/250.53 mi-2
£99504/250.53 mi-2
£68004/250.53 mi-2
£69001/250.53 mi-2
£65004/250.55 mi-2
£80005/240.55 miRathlyn Avenue, Blackpool2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.59 miles away

Nearest school

0.20 miles away

Nearest train station

0.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £58,000

April 5, 2025

Price changed to £60,000

March 28, 2025

Price changed to £62,000

March 24, 2025

Price changed to £57,000

March 16, 2025

Price changed to £59,000

October 3, 2024

Price changed to £62,000

September 26, 2024

Price changed to £68,000

September 19, 2024

Listed for £70,000

September 2, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Mid Terrace House located in Blackpool. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, spacious lounge, and a modern kitchen.

Investment details

It currently produces an annual gross income of £6000 which could be increased by the new owner to a market rate of £9048 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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