2 Bed Terraced House, Single Let, Blackpool, FY1 2QZ, £65,000

93 Handsworth Road, Blackpool - 7 months ago

Auction
BTL
ROI: 13%
~62 m²
+5 photos

ValuationUndervalued

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

 

 

Square Metres

~62.48 m²
Price/m²£1K/m²

Value Estimate

£78,961
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£4,450

Total Cash In

£20,700

 

 

Cash Out

 

Rent Range

£411 - £1,250

Rent Estimate

£563

Running Costs/mo

£336

Cashflow/mo

£227

Cashflow/yr

£2,727

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 
£64K11/200 mi81, Handsworth Road, Blackpool FY1 2QZ2
£78K11/200.02 mi6, Hampstead Mews, Blackpool FY1 2SG2
£77.5K11/200.02 mi66, Enfield Road, Blackpool FY1 2RB2
£77K12/200.04 mi11, Stanhope Road, Blackpool FY1 2QY2
£55K01/210.08 mi11, Fairfield Road, Blackpool FY1 2RA2
£74.5K06/230.1 mi38, Bedford Road, Blackpool FY1 2QS2
£77K12/200.1 mi10, Leavesley Road, Blackpool FY1 2QP2
£60K06/210.21 mi17, Beresford Street, Blackpool FY1 3RF2
£91.5K09/210.21 mi19, Smithy Mews, Blackpool FY1 2EQ2
£170K05/210.21 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.22 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£150K09/210.27 mi10, Geldof Drive, Blackpool FY1 2AQ2
£110K12/210.28 mi28, Courtfield Avenue, Blackpool FY2 0UN2
£85K03/210.3 mi222, Warley Road, Blackpool FY2 0UD2
£100K03/230.33 mi18, Northfield Avenue, Blackpool FY1 2ND2
£116K03/210.33 mi87, Bexley Avenue, Blackpool FY2 0TE2
£103.5K04/210.34 mi221, Warley Road, Blackpool FY2 0UL2
£78.5K02/210.34 mi209, Warley Road, Blackpool FY2 0UL2
£77.5K03/230.34 mi19, Healey Street, Blackpool FY3 8RW2
£76.5K09/210.34 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.34 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.34 mi6, Heald Street, Blackpool FY3 8BG2
£110K12/200.34 mi3, Blackfen Place, Blackpool FY2 0XG2
£65K03/210.35 mi95, Cocker Street, Blackpool FY1 2EB2
£62.5K10/200.36 mi1, Laburnum Street, Blackpool FY3 8RP2
£75K12/210.36 mi2, Handley Road, Blackpool FY1 3HW2
£75.5K03/210.37 mi12, Howard Street, Blackpool FY1 2EL2
£76K05/230.37 mi29, Cross Street, Blackpool FY1 2EA2
£73K01/230.37 mi12, Cross Street, Blackpool FY1 2EA2
£96K05/230.38 mi23, Gorton Street, Blackpool FY1 3HP2
£75K01/230.38 mi4, Moorhouse Street, Blackpool FY1 2HL2
£97.3K12/200.39 mi35, Raymond Avenue, Blackpool FY2 0TY2
£73K01/210.4 mi18, Richmond Road, Blackpool FY1 2NJ2
£92K06/230.4 mi31, Butler Street, Blackpool FY1 3HR2
£72K05/210.41 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.41 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.41 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£65K11/210.41 mi9, Avenham Grove, Blackpool FY1 2EN2
£163.5K02/210.42 mi38, Cambray Road, Blackpool FY1 2LX2
£155K02/210.42 mi30, Cambray Road, Blackpool FY1 2LX2
£157K11/200.42 mi22, Cambray Road, Blackpool FY1 2LX2
£75K12/220.42 miClyde Cottage, Clyde Street, Blackpool FY1 2HT2
£142K12/220.42 mi24, Holly Road, Blackpool FY1 2SF2
£79K11/200.42 mi21, Ormond Avenue, Blackpool FY1 2LW2
£105K10/200.43 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£56K03/230.46 mi21, Fisher Street, Blackpool FY1 3HX2
£100K09/210.46 mi81, Mansfield Road, Blackpool FY3 7HZ2
£94K12/220.46 mi91, Mansfield Road, Blackpool FY3 7HZ2
£61.5K12/200.46 mi43, Fisher Street, Blackpool FY1 3HX2
£125K01/230.46 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
£80003/250.12 mi-2
£65004/240.13 miClaremont Road, Blackpool2
£63502/250.17 mi-2
£70003/240.19 mi-2
£70004/240.19 miWoburn Road, Blackpool, FY12
£77501/250.21 mi-2
£75003/250.22 mi-2
£41104/240.28 miClevedon Road, Blackpool, FY1 2NX2
£97504/240.3 miCourtfield Avenue, Blackpool, Lancashire, FY22
£52504/240.3 miWarley Road, Blackpool, Lancashire, FY12
£65004/240.31 miCarshalton Road , Blackpool2
£62503/250.34 mi-2
£62504/240.34 mi-2
£90002/250.35 mi-2
£75012/240.35 mi-2
£62504/240.35 miChester Road, Blackpool2
£67504/240.35 miChester Road, Blackpool, Lancashire, FY32
£60005/240.35 mi-2
£60003/250.35 mi-2
£57512/240.36 mi-2
£65004/240.36 miLaburnum Street, Blackpool, Blackpool2
£62504/240.37 miCross Street, Blackpool2
£1,20002/250.37 mi-2
£1,25004/240.37 mi-2
£80001/250.37 mi-2
£67504/240.38 miCypress Grove, Blackpool, FY3 8RR2
£89504/240.38 miRaymond Avenue, Blackpool, Lancashire, FY22
£60605/240.38 miLewtas Street, Blackpool, FY1 2DY2
£70004/240.42 mi-2
£82505/240.46 miGoodwood Avenue, Blackpool, Lancashire, FY22
£67004/250.47 mi-2
£1,20004/240.48 miGynn Avenue, Blackpool, FY12
£1,20004/240.48 mi-2
£1,20004/240.48 mi-2
£1,00011/240.48 mi-2
£55004/240.51 miWarbreck Drive, Blackpool, FY2 9SX2
£75012/240.52 mi-2
£68003/250.53 mi-2
£69001/250.53 mi-2
£77502/250.55 mi-2
£99503/250.55 mi-2
£80005/240.56 miRathlyn Avenue, Blackpool2
£62504/240.56 mi58 Cornwall Avenue2
£64005/240.56 mi-2

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

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £65,000

September 24, 2024

Floor Plans

Description

  • Fantastic Investment Opportunity, sold with Tenants in Situ +
  • Entrance Vestibule, Lounge, Modern Kitchen/Diner +
  • 2 Double Bedrooms, 3 piece suite Bathroom +
  • South Facing Garden to the rear +
  • Within close proximity to local schools and transport links +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £65,000

Nestled in a sought-after location, this charming 2-bedroom mid-terraced house presents an exceptional investment opportunity, being sold with tenants already in situ. The property features an entrance vestibule leading to a lounge and a modern kitchen/diner, providing a comfortable living space. Upstairs, there are two generously-sized double bedrooms and a three-piece suite bathroom. Notably, the south-facing garden to the rear offers a private outdoor retreat, perfect for relaxation and al fresco dining. Additionally, the property benefits from its prime position in close proximity to local schools and convenient transport links, enhancing its desirability. Auctioneers Additional Comments Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively. The property is being sold via a transparent online auction. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

EPC Rating: C

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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