4 Bed Terraced House, Single Let, Blackpool, FY1 3DX, £70,000

Grosvenor Street, Blackpool, FY1 3DX - 8 months ago

Sold STC
BTL
ROI: 13%
~129 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~129.26 m²
Price/m²£542/m²

Value Estimate

£87,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£500 - £2,000

Rent Estimate

£610

Running Costs/mo

£361

Cashflow/mo

£249

Cashflow/yr

£2,991

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £70K to £450K, average is £156.3K. £560/m² to £4K/m², average is £947/m².

PriceDateDistanceAddressBeds 
£95K07/230.11 mi144, Adelaide Street, Blackpool FY1 4LU4
£93K10/210.15 mi49, Elizabeth Street, Blackpool FY1 3JF4
£250K12/220.15 mi16, Leamington Road, Blackpool FY1 4EZ4
£210K08/210.18 mi67, Park Road, Blackpool FY1 4JQ4
£167K09/210.18 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.18 mi33, Lincoln Road, Blackpool FY1 4HA4
£110.1K02/210.2 mi22, Longton Road, Blackpool FY1 4HW4
£100K11/210.31 mi17, Devonshire Road, Blackpool FY3 8DS4
£132.5K01/210.32 mi15, Leeds Road, Blackpool FY1 4HQ4
£117.7K02/230.37 mi44, Whitegate Drive, Blackpool FY3 9AL4
£230K07/210.38 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.38 mi194, Reads Avenue, Blackpool FY1 4JD4
£230K07/210.38 mi172, Reads Avenue, Blackpool FY1 4JD4
£85K05/210.41 mi229, Palatine Road, Blackpool FY1 4DX4
£157.5K03/210.41 mi34, Newton Drive, Blackpool FY3 8BY4
£160K05/230.41 mi7, Bennett Avenue, Blackpool FY1 4DP4
£98K12/200.45 mi11, South Square, Blackpool FY3 8AJ4
£129.9K06/210.47 mi133, Park Road, Blackpool FY1 4ET4
£120K11/200.52 mi12, Collingwood Avenue, Blackpool FY3 8BZ4
£173K11/210.56 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.56 mi3, Kensington Road, Blackpool FY3 9DU4
£209K08/230.56 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£79K07/210.57 mi11, Hawthorn Road, Blackpool FY1 2RE4
£175K01/230.57 mi76, Newton Drive, Blackpool FY3 8EP4
£390K08/230.58 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.58 mi47, Forest Gate, Blackpool FY3 9BA4
£235K04/210.58 mi45, Forest Gate, Blackpool FY3 9BA4
£115K11/210.59 mi63, Sherbourne Road, Blackpool FY1 2PQ4
£70.5K02/210.59 mi15, Erdington Road, Blackpool FY1 5EG4
£75K02/210.6 mi30, Erdington Road, Blackpool FY1 5EG4
£70K05/210.6 mi30, Kent Road, Blackpool FY1 5HB4
£78.5K05/230.61 mi25, Rydal Avenue, Blackpool FY1 4AR4
£179.9K06/230.61 mi13, Gorse Road, Blackpool FY3 9ED4
£245K01/210.62 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.62 mi145, Whitegate Drive, Blackpool FY3 9ER4
£130K02/210.63 mi13, Westwood Avenue, Blackpool FY3 9DW4
£227K11/220.64 mi7, Coopers Way, Blackpool FY1 3RJ4
£115K10/210.64 mi51, Sherbourne Road, Blackpool FY1 2PJ4
£192.5K12/200.65 mi18, West Park Drive, Blackpool FY3 9DN4
£79K07/210.65 mi2, Chadwick Street, Blackpool FY1 5EJ4
£420K11/200.65 mi11, St Josephs Close, Blackpool FY3 8LU4
£143K01/210.69 mi281, Talbot Road, Blackpool FY3 7AZ4
£305K10/200.72 mi15, St Clements Avenue, Blackpool FY3 8LT4
£450K07/220.72 mi12, St Clements Avenue, Blackpool FY3 8LT4
£75K10/210.72 mi227, Central Drive, Blackpool FY1 5HX4
£102K05/230.76 mi9, Sherbourne Road, Blackpool FY1 2PW4
£399.9K06/220.78 mi16, Milton Avenue, Blackpool FY3 8LY4
£270K06/210.8 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.8 mi80, West Park Drive, Blackpool FY3 9HU4
£155K11/210.84 mi30, Deneway Avenue, Blackpool FY3 8JQ4

Local Rents

48 rents from £500/mo to £2K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£70004/240.05 miPeter Street, Blackpool, FY1 3LT3
£69504/250.12 mi-3
£90004/240.16 miSouth King Street, Blackpool3
£75004/240.17 miCaunce Street, Blackpool3
£1,50003/250.18 mi-3
£1,20004/250.19 mi-3
£85001/250.2 mi-3
£1,20003/250.26 mi-4
£72501/250.27 mi-3
£72501/250.27 mi-3
£80004/240.31 miSelbourne Road, Blackpool, Lancashire, FY13
£90002/250.32 mi-3
£75005/240.34 mi-3
£65004/250.35 mi-3
£65006/240.35 mi-3
£77505/240.35 miHardman Street, Blackpool3
£75004/240.36 miManchester Road, Blackpool, FY3 8DN3
£70004/240.36 miHardman Street, Blackpool, Lancashire, FY13
£80005/240.36 miManchester Road, Blackpool, FY3 8BP3
£85012/240.37 mi-4
£80005/240.4 mi-3
£80005/240.4 mi-3
£2,00002/250.41 mi-3
£2,00002/250.41 mi-3
£1,25002/250.42 mi-4
£95004/240.42 miBryan Road, Blackpool3
£50012/240.42 mi-3
£95004/240.43 mi-4
£1,30001/250.43 mi-5
£82512/240.44 mi-3
£90005/240.44 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£92503/240.45 mi-3
£80002/250.47 mi-3
£1,30004/240.5 miMere Road, Blackpool, Lancashire, FY34
£1,05002/250.51 mi-3
£1,05004/250.54 mi-3
£80005/240.55 miBraithwaite Street, Blackpool, FY1 2HS3
£95001/240.57 mi-3
£72504/240.57 miHarrison Street, Blackpool, Lancashire, FY13
£80005/240.57 mi28 Gloucester Avenue3
£95005/240.59 mi-3
£71505/240.59 mi-3
£71505/240.59 mi-3
£71505/240.59 miLayton Road, Blackpool, FY33
£85004/240.6 miDevonshire Road, Blackpool, Lancashire, FY33
£80004/240.61 mi16 Harley Road, Blackpool, FY3 9DY3
£80004/240.61 miPark Road, Blackpool, FY1 5QN3
£65004/240.62 miCheltenham Road, Blackpool, FY1 2PR3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.46 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £70,000

November 8, 2024

Listed for £85,000

September 11, 2024

Description

  • Substantial four bedroom mid terrace property +
  • With tenant in situ paying £ 610pcm +
  • Two minute walk to Blackpool town centre +
  • Off road parking +
  • Very generous room sizes throughout. +
  • Close to local amenities & schools. +

We welcome to the market a very generously sized four bedroom mid terrace property currently rented at £610pcm. Walking distance to Blackpool town centre and the train station. Briefly comprising entrance hall, lounge, second reception room, kitchen and utility area to the ground floor. On the first floor we have a great sized bathroom and three bedrooms. On the second floor there is a attic bedroom. Externally there is a West facing rear yard and off road parking to the front.

External - Off road parking

Entrance Hall -

Lounge - 4.5 x 3.7 (14'9" x 12'1" ) - Spacious lounge, UPVc double glazed window to the front aspect, carpeted & radiator.

Second Reception - 4.2 x 3.8 (13'9" x 12'5" ) - Another spacious room, UPVc double glazed door leading to the utility area. Radiator, carpeted.

Kitchen - 4.2 x 2.98 (13'9" x 9'9" ) - Modern kitchen with understairs storage cupboard, wood flooring, four ringed gas hob with extractor hood. Built in oven, fitted wall and base units with worktops. Two obscure UPVc double glazed windows, one & half sink bowl. Plumbed for washer.

Utility Area - Utility area, plumbed for washer. Door leading to rear garden.

Bedroom One - 3.98 x 3.8 (13'0" x 12'5" ) - UPVc double glazed window to the rear aspect, carpeted & radiator.

Bedroom Two - 3.1 x 3.7 (10'2" x 12'1" ) - UPVc double glazed window to the front aspect, carpeted & radiator.

Bathroom - 4.2 x 2.9 (13'9" x 9'6" ) - Bath with shower over, obscure UPVc windows, laminate flooring, chrome heated towel rail. Wc, wash hand basin, storage cupboard.

Bedroom Three - 2.1 x 2.9: (6'10" x 9'6":) - Good sized third bedroom. UPVc double glazed window to the front aspect, carpeted radiator.

Bedroom Four - 4.8 x 4.7 (15'8" x 15'5" ) - Attic Bedroom, UPVc double glazed window, carpeted & radiator

Rear Garden - Paved rear garden.

Agent Details

Sellmyhome.co.uk, Leicester

0116 482 2422

Next Steps?

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