2 Bed Terraced House, Single Let, Fleetwood, FY7 6UH, £70,000

Addison Road, Fleetwood, Lancashire, FY7 6UH - 5 months ago

Auction

BTL

ROI: 7%

~88 m²

+3 photos

ValuationUndervalued

Sold Prices	£55K - £239.9K
Sold Prices/m²	£579/m² - £3.1K/m²

Square Metres	~87.50 m²
Price/m²	£800/m²
Value Estimate	£85,400£85,400
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£450 - £890£450 - £890
Rent Estimate	£463
Running Costs/mo	£331£331
Cashflow/mo	£132£132
Cashflow/yr	£1,580£1,580
ROI	7%7%
Gross Yield	8%8%

Local Sold Prices

50 sold prices from £55K to £239.9K, average is £91K. £579/m² to £3.1K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83K	01/23	0.05 mi	86, Radcliffe Road, Fleetwood, Lancashire FY7 6SJ	£1,239	67	2	Terraced House
£81.5K	05/21	0.09 mi	107, Addison Road, Fleetwood, Lancashire FY7 6UB	£1,146	71	2	Terraced House
£86K	02/21	0.13 mi	26, Percy Street, Fleetwood, Lancashire FY7 7AD	£1,194	72	2	Terraced House
£85K	08/23	0.16 mi	120, Addison Road, Fleetwood, Lancashire FY7 6SG	-	-	2	Terraced House
£80K	12/22	0.17 mi	14, Seymour Street, Fleetwood, Lancashire FY7 7AG	£1,067	75	2	Terraced House
£107K	12/20	0.18 mi	13, Wolsley Road, Fleetwood, Lancashire FY7 7AQ	£964	111	2	Terraced House
£95K	07/21	0.18 mi	149, Poulton Road, Fleetwood, Lancashire FY7 7AP	-	-	2	Terraced House
£89K	12/22	0.22 mi	157, Poulton Road, Fleetwood, Lancashire FY7 7AP	-	-	2	Terraced House
£110K	01/23	0.23 mi	29, North Albion Street, Fleetwood, Lancashire FY7 6SZ	£591	186	2	Terraced House
£62.5K	12/22	0.24 mi	8, Wyre Street, Fleetwood, Lancashire FY7 6SD	£579	108	2	Terraced House
£120K	08/21	0.24 mi	10, Abercrombie Road, Fleetwood, Lancashire FY7 7AU	£1,296	93	2	Semi-Detached House
£135.9K	11/20	0.24 mi	38, Abercrombie Road, Fleetwood, Lancashire FY7 7AU	£1,699	80	2	Semi-Detached House
£77.5K	11/20	0.25 mi	9, Wyre Street, Fleetwood, Lancashire FY7 6SD	£1,211	64	2	Terraced House
£119K	10/21	0.29 mi	65, Bayside, Fleetwood, Lancashire FY7 6FZ	£1,831	65	2	Semi-Detached House
£55K	10/20	0.3 mi	58, Poulton Street, Fleetwood, Lancashire FY7 6LP	£775	71	2	Terraced House
£85K	04/23	0.31 mi	69, Walmsley Street, Fleetwood, Lancashire FY7 6LJ	£924	92	2	Terraced House
£190K	12/20	0.32 mi	23, Dronsfield Road, Fleetwood, Lancashire FY7 7BW	£3,025	63	2	Detached House
£115K	04/21	0.32 mi	32, Dronsfield Road, Fleetwood, Lancashire FY7 7BW	£2,018	57	2	Terraced House
£97.5K	02/21	0.32 mi	5, Seaview Way, Fleetwood, Lancashire FY7 6FY	£1,573	62	2	Terraced House
£100K	09/23	0.35 mi	91, Mount Street, Fleetwood, Lancashire FY7 6LD	£1,302	77	2	Terraced House
£100K	03/21	0.35 mi	43, Quayside, Fleetwood, Lancashire FY7 6FX	£1,408	71	2	Semi-Detached House
£118K	07/23	0.35 mi	39, Quayside, Fleetwood, Lancashire FY7 6FX	£2,744	43	2	Terraced House
£62K	08/21	0.35 mi	36, Mount Street, Fleetwood, Lancashire FY7 6HY	£633	98	2	Terraced House
£92.5K	10/21	0.35 mi	102, Mount Street, Fleetwood, Lancashire FY7 6LD	£1,250	74	2	Terraced House
£145K	11/23	0.38 mi	27, Riversgate, Fleetwood, Lancashire FY7 7NZ	£2,474	59	2	Semi-Detached House
£110.5K	04/21	0.38 mi	4, Riversgate, Fleetwood, Lancashire FY7 7NZ	£1,939	57	2	Semi-Detached House
£135K	08/21	0.38 mi	36, Riversgate, Fleetwood, Lancashire FY7 7NZ	-	-	2	Semi-Detached House
£87K	08/21	0.39 mi	93, Preston Street, Fleetwood, Lancashire FY7 6LA	-	-	2	Terraced House
£76K	01/23	0.4 mi	70, Preston Street, Fleetwood, Lancashire FY7 6LA	-	-	2	Terraced House
£68K	12/20	0.4 mi	77, Blakiston Street, Fleetwood, Lancashire FY7 6LF	£782	87	2	Terraced House
£85K	08/21	0.4 mi	120, Mount Street, Fleetwood, Lancashire FY7 6LE	£1,090	78	2	Terraced House
£58K	02/21	0.4 mi	130, Mount Street, Fleetwood, Lancashire FY7 6LE	£853	68	2	Terraced House
£78K	09/21	0.4 mi	102, Blakiston Street, Fleetwood, Lancashire FY7 6LF	£1,054	74	2	Terraced House
£57K	01/21	0.42 mi	10, Warwick Place, Fleetwood, Lancashire FY7 6QY	£770	74	2	Terraced House
£239.9K	11/22	0.42 mi	81, Agnew Road, Fleetwood, Lancashire FY7 7BJ	£3,076	78	2	Semi-Detached House
£86K	10/21	0.44 mi	31, Harris Street, Fleetwood, Lancashire FY7 6QX	£723	119	2	Terraced House
£110K	06/21	0.47 mi	67, Kemp Street, Fleetwood, Lancashire FY7 6DY	-	-	2	Terraced House
£98K	11/21	0.47 mi	82, Kemp Street, Fleetwood, Lancashire FY7 6DY	£915	107	2	Terraced House
£128.5K	10/20	0.47 mi	27, Seacrest Avenue, Fleetwood, Lancashire FY7 6FG	£1,985	65	2	Semi-Detached House
£146K	08/23	0.47 mi	25, Seacrest Avenue, Fleetwood, Lancashire FY7 6FG	£2,256	65	2	Terraced House
£118K	10/21	0.47 mi	7, Spinnaker Close, Fleetwood, Lancashire FY7 6FJ	£2,185	54	2	Detached House
£68K	06/21	0.47 mi	73, Kemp Street, Fleetwood, Lancashire FY7 6DY	£650	105	2	Terraced House
£82K	12/23	0.48 mi	72, Blakiston Street, Fleetwood, Lancashire FY7 6EW	£837	98	2	Terraced House
£112.5K	02/23	0.49 mi	64, Bramley Avenue, Fleetwood, Lancashire FY7 7LH	£1,679	67	2	Terraced House
£91K	01/21	0.5 mi	65, Warren Street, Fleetwood, Lancashire FY7 6EA	£1,083	84	2	Terraced House
£83K	02/23	0.5 mi	46, Warren Street, Fleetwood, Lancashire FY7 6EA	£965	86	2	Terraced House
£91K	01/21	0.5 mi	65, Warren Street, Fleetwood, Lancashire FY7 6EA	£1,083	84	2	Terraced House
£72.5K	12/20	0.5 mi	76, Warren Street, Fleetwood, Lancashire FY7 6EA	£820	88	2	Terraced House
£98K	03/21	0.51 mi	83, Warren Street, Fleetwood, Lancashire FY7 6EA	£1,181	83	2	Terraced House
£77.5K	09/23	0.52 mi	125, Kemp Street, Fleetwood, Lancashire FY7 6DZ	-	-	2	Terraced House

Local Rents

34 rents from £450/mo to £890/mo, average is £675/mo.

Rent	Date	Distance	Address	Beds	Type
£725	04/24	0.03 mi	Clifton Road, Fleetwood, FY7	2	Terraced House
£725	01/25	0.06 mi	-	2	Terraced House
£850	12/24	0.11 mi	-	2	Terraced House
£650	04/24	0.16 mi	Gordon Road, Fleetwood, Lancashire, FY7	2	Terraced House
£750	12/24	0.19 mi	-	2	Bungalow
£650	10/24	0.24 mi	-	2	Terraced House
£650	12/24	0.24 mi	-	2	Terraced House
£550	12/24	0.28 mi	-	2	Flat
£650	04/24	0.3 mi	Bayside, Fleetwood, Lancashire, FY7	2	Terraced House
£650	04/24	0.3 mi	Poulton Street, Fleetwood, FY7	2	Terraced House
£607	12/24	0.32 mi	-	2	Flat
£750	10/24	0.34 mi	-	2	Terraced House
£625	04/24	0.35 mi	Quayside, Fleetwood, Lancashire, FY7	2	Flat
£650	04/24	0.4 mi	Blakiston Street, Fleetwood	2	Terraced House
£675	04/24	0.42 mi	Warwick Place, Fleetwood, FY7	2	Terraced House
£675	04/24	0.42 mi	Marina Mews, Fleetwood, Lancashire, FY7	2	Flat
£630	01/25	0.42 mi	-	2	Flat
£890	10/24	0.43 mi	-	2	Terraced House
£790	12/24	0.43 mi	-	2	Terraced House
£850	03/25	0.44 mi	-	2	Terraced House
£750	02/24	0.44 mi	-	2	Terraced House
£850	04/24	0.44 mi	Abbotts Walk, Fleetwood, FY7	2	Terraced House
£850	04/24	0.45 mi	Pioneer Close, Fleetwood, FY7	2	Terraced House
£700	04/24	0.45 mi	Keel House, Bulkhead Drive, Fleetwood, Lancashire, FY7	2	Flat
£650	04/24	0.5 mi	Warren Street, Fleetwood, FY7	2	Flat
£675	03/25	0.52 mi	-	2	Terraced House
£650	04/24	0.53 mi	-	2	Terraced House
£650	12/24	0.55 mi	-	2	Terraced House
£450	04/24	0.55 mi	Flat B, 38 Church Street, Fleetwood, Lancashire, FY7	2	Flat
£750	04/24	0.56 mi	Adelaide Street, Fleetwood, FY7	2	Terraced House
£675	12/24	0.56 mi	Adelaide Street, Fleetwood, FY7	2	Terraced House
£650	04/24	0.58 mi	-	2	Terraced House
£790	11/24	0.58 mi	-	2	Terraced House
£600	12/24	0.6 mi	Victoria Street, Fleetwood, FY7	2	Terraced House

Local Area Statistics

Population in FY7	25,91325,913
Population in Fleetwood	25,91725,917
Town centre distance	0.61 miles away0.61 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	4.99 miles away4.99 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-9%-9%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £70,000

October 11, 2024

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
TENANT IN SITU +
Rental amount Achieving £550 Per Calendar Month +
Two Bedroom Mid Terrace Property +
Gas Central Heating And Double Glazing +
Easy To Maintain Rear Garden +

*TENANT IN SITU*

Welcome to this charming two-bedroom mid-terrace house located on Addison Road in Fleetwood.

This property offers a fantastic investment opportunity with a tenant already in place, making it an ideal choice for those looking to expand their property portfolio.

This house provides ample living space.

The property is fully double glazed and benefits from gas central heating.

Situated in a convenient location, this home is close to local amenities and excellent transport links.

Additionally, with a rental income of £550.00 per calendar month, this property presents a great opportunity for a steady rental yield of 8%.

Whether you are a seasoned investor or a first-time buyer looking to make a smart investment, this property on Addison Road is definitely worth considering. Don't miss out on the chance to own a piece of this thriving community in Fleetwood.

Please note we have not yet been provided with a copy of the AST, CP12 or EICR for the property. Once received we will add them to the legal pack

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents