3 Bed Terraced House, Single Let, Blackpool, FY1 3BJ, £69,950

7 Fisher Street, Blackpool, FY1 3BJ - 6 months ago

BTL

ROI: 11%

101 m²

+3 photos

ValuationUndervalued

Sold Prices	£38K - £185K
Sold Prices/m²	£509/m² - £1.3K/m²

Square Metres	101 m²
Price/m²	£693/m²
Value Estimate	£86,022£86,022
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,488£17,488
Stamp Duty & Legal Fees	£4,698£4,698
Total Cash In	£22,185£22,185

Cash Out
Rent Range	£500 - £2,000£500 - £2,000
Rent Estimate	£542
Running Costs/mo	£347£347
Cashflow/mo	£195£195
Cashflow/yr	£2,340£2,340
ROI	11%11%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £38K to £185K, average is £89.8K. £509/m² to £1.3K/m², average is £852/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	11/20	0.05 mi	35, Fisher Street, Blackpool FY1 3HX	£522	134	3	Terraced House
£72K	10/21	0.06 mi	8, Fairhurst Street, Blackpool FY1 3HS	£735	98	3	Terraced House
£92.5K	05/23	0.11 mi	38, Buchanan Street, Blackpool FY1 3LQ	-	-	3	Terraced House
£64K	03/21	0.11 mi	45, Gorton Street, Blackpool FY1 3HP	£826	77	3	Terraced House
£64K	03/21	0.11 mi	45, Gorton Street, Blackpool FY1 3HP	£826	77	3	Terraced House
£107.5K	03/23	0.12 mi	32, Victory Road, Blackpool FY1 3JT	-	-	3	Terraced House
£75K	03/21	0.15 mi	9, Fenton Road, Blackpool FY1 3RT	£773	97	3	Semi-Detached House
£113K	02/23	0.15 mi	31, Fenton Road, Blackpool FY1 3RT	-	-	3	Terraced House
£110K	03/23	0.16 mi	33, Buchanan Street, Blackpool FY1 3LR	£509	216	3	Semi-Detached House
£85K	07/21	0.18 mi	26, Boothley Road, Blackpool FY1 3RS	-	-	3	Terraced House
£75K	02/21	0.19 mi	23 - 25, Peter Street, Blackpool FY1 3LT	-	-	3	Terraced House
£75K	02/21	0.19 mi	23 - 25, Peter Street, Blackpool FY1 3LT	-	-	3	Terraced House
£89.5K	08/21	0.19 mi	84, Peter Street, Blackpool FY1 3NL	£852	105	3	Terraced House
£93.5K	03/23	0.19 mi	61, Peter Street, Blackpool FY1 3NL	-	-	3	Terraced House
£67.5K	02/21	0.19 mi	13, Buchanan Street, Blackpool FY1 3LS	£614	110	3	Terraced House
£38K	03/21	0.2 mi	306, Talbot Road, Blackpool FY1 3QS	-	-	3	Semi-Detached House
£85K	05/23	0.2 mi	101, Elizabeth Street, Blackpool FY1 3LZ	£852	100	3	Terraced House
£100K	03/23	0.21 mi	138, Caunce Street, Blackpool FY1 3NG	£649	154	3	Terraced House
£114K	08/21	0.21 mi	46, Selbourne Road, Blackpool FY1 3SA	£1,226	93	3	Terraced House
£114K	08/21	0.21 mi	46, Selbourne Road, Blackpool FY1 3SA	£1,226	93	3	Terraced House
£74.5K	12/20	0.21 mi	46, Selbourne Road, Blackpool FY1 3SA	£801	93	3	Terraced House
£85K	06/21	0.23 mi	97, Peter Street, Blackpool FY1 3NN	£828	103	3	Terraced House
£80.5K	10/21	0.25 mi	46, Coleridge Road, Blackpool FY1 3SD	£885	91	3	Terraced House
£102K	01/21	0.25 mi	35, Coleridge Road, Blackpool FY1 3SD	£962	106	3	Terraced House
£97.5K	01/23	0.25 mi	43, Coleridge Road, Blackpool FY1 3SD	-	-	3	Terraced House
£76K	05/21	0.26 mi	73, High Street, Blackpool FY1 2BP	-	-	3	Terraced House
£92K	06/23	0.26 mi	84, Cocker Street, Blackpool FY1 2EB	-	-	3	Terraced House
£104K	11/21	0.27 mi	86, Devonshire Road, Blackpool FY3 8AN	£1,020	102	3	Terraced House
£100K	07/21	0.29 mi	38, Oxford Road, Blackpool FY1 3QL	£962	104	3	Terraced House
£89K	11/20	0.29 mi	30, Oxford Road, Blackpool FY1 3QL	£848	105	3	Terraced House
£87.5K	05/23	0.29 mi	15, Oxford Road, Blackpool FY1 3QL	-	-	3	Terraced House
£72K	07/21	0.31 mi	108, Manchester Road, Blackpool FY3 8DP	£774	93	3	Terraced House
£90K	01/21	0.32 mi	20, Devonshire Road, Blackpool FY3 8AA	£857	105	3	Terraced House
£73.5K	03/23	0.33 mi	30, Cross Street, Blackpool FY1 2EA	-	-	3	Terraced House
£185K	03/23	0.35 mi	39, Lincoln Road, Blackpool FY1 4HA	-	-	3	Terraced House
£98K	03/21	0.35 mi	63, London Road, Blackpool FY3 8DJ	£1,181	83	3	Semi-Detached House
£109K	10/21	0.35 mi	5, Lincoln Road, Blackpool FY1 4HA	£703	155	3	Semi-Detached House
£113K	01/21	0.35 mi	17, Longton Road, Blackpool FY1 4HW	£942	120	3	Semi-Detached House
£166.5K	07/23	0.35 mi	32, Longton Road, Blackpool FY1 4HW	-	-	3	Semi-Detached House
£98K	11/21	0.37 mi	19, Catterall Close, Blackpool FY1 3RB	-	-	3	Semi-Detached House
£148.5K	01/21	0.37 mi	9, Liverpool Road, Blackpool FY1 4HG	£1,179	126	3	Semi-Detached House
£92K	02/23	0.38 mi	96, Sherbourne Road, Blackpool FY1 2PG	£1,082	85	3	Semi-Detached House
£84K	08/21	0.38 mi	79, Sherbourne Road, Blackpool FY1 2PG	£808	104	3	Semi-Detached House
£72.5K	04/21	0.39 mi	46, Clifford Road, Blackpool FY1 2PU	-	-	3	Terraced House
£135K	01/23	0.39 mi	39, Clifford Road, Blackpool FY1 2PU	£1,265	107	3	Terraced House
£110K	02/21	0.4 mi	67, Addison Crescent, Blackpool FY3 8AG	£1,278	86	3	Semi-Detached House
£67K	05/21	0.42 mi	57, Sherbourne Road, Blackpool FY1 2PQ	£563	119	3	Terraced House
£70K	02/23	0.42 mi	23, Braithwaite Street, Blackpool FY1 2HS	-	-	3	Terraced House
£59K	03/21	0.42 mi	45a, Handsworth Road, Blackpool FY1 2RQ	-	-	3	Terraced House
£110K	03/21	0.43 mi	45, Dutton Road, Blackpool FY3 8DH	£1,202	91	3	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,200	04/25	0.03 mi	-	3	Semi-Detached House
£725	01/25	0.14 mi	-	3	Terraced House
£725	01/25	0.14 mi	-	3	Terraced House
£750	04/24	0.16 mi	Caunce Street, Blackpool	3	Terraced House
£775	05/24	0.17 mi	Hardman Street, Blackpool	3	Terraced House
£700	04/24	0.18 mi	Hardman Street, Blackpool, Lancashire, FY1	3	Terraced House
£700	04/24	0.19 mi	Peter Street, Blackpool, FY1 3LT	3	Terraced House
£850	01/25	0.19 mi	-	3	Terraced House
£800	04/24	0.22 mi	Selbourne Road, Blackpool, Lancashire, FY1	3	Terraced House
£825	12/24	0.26 mi	-	3	Semi-Detached House
£500	12/24	0.28 mi	-	3	Terraced House
£800	02/25	0.29 mi	-	3	Terraced House
£695	04/25	0.3 mi	-	3	Flat
£650	04/25	0.31 mi	-	3	Flat
£650	06/24	0.31 mi	-	3	Flat
£800	05/24	0.31 mi	Manchester Road, Blackpool, FY3 8BP	3	Semi-Detached House
£900	04/24	0.33 mi	South King Street, Blackpool	3	Terraced House
£750	04/24	0.34 mi	Manchester Road, Blackpool, FY3 8DN	3	Terraced House
£750	05/24	0.36 mi	-	3	Terraced House
£1,500	03/25	0.36 mi	-	3	Flat
£925	03/24	0.39 mi	-	3	Semi-Detached House
£800	05/24	0.42 mi	Braithwaite Street, Blackpool, FY1 2HS	3	Terraced House
£1,050	02/25	0.44 mi	-	3	Semi-Detached House
£850	04/24	0.44 mi	Devonshire Road, Blackpool, Lancashire, FY3	3	Terraced House
£650	04/24	0.45 mi	Cheltenham Road, Blackpool, FY1 2PR	3	Flat
£850	04/24	0.47 mi	Coopers Way, Blackpool, FY1	3	Terraced House
£950	04/24	0.47 mi	Bryan Road, Blackpool	3	Terraced House
£825	04/24	0.48 mi	Chesterfield Road, Blackpool, Lancashire, FY1	3	Terraced House
£775	04/24	0.48 mi	Chesterfield Road, Blackpool	3	Terraced House
£900	02/25	0.49 mi	-	3	Flat
£700	04/24	0.54 mi	Avon Place, Blackpool, FY1 2QX	3	Terraced House
£800	05/24	0.57 mi	-	3	Semi-Detached House
£800	05/24	0.57 mi	-	3	Semi-Detached House
£900	05/24	0.58 mi	57 Gainsborough Road, Blackpool. FY1 4DZ	3	Semi-Detached House
£2,000	02/25	0.59 mi	-	3	Flat
£2,000	02/25	0.59 mi	-	3	Flat
£715	05/24	0.59 mi	-	3	Semi-Detached House
£715	05/24	0.59 mi	-	3	Semi-Detached House
£715	05/24	0.59 mi	Layton Road, Blackpool, FY3	3	Semi-Detached House
£725	05/24	0.6 mi	-	3	Semi-Detached House
£700	12/24	0.6 mi	-	3	Semi-Detached House
£800	04/24	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in FY1	33,50533,505
Population in Blackpool	133,713133,713
Town centre distance	1.48 miles away1.48 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.16 miles away0.16 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+26%+26%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+11%+11%

Property History

Listed for £69,950

October 17, 2024

Floor Plans

Description

THREE bedrooms +
Two reception rooms +
FITTED kitchen +
SPACIOUS bathroom +
UPVC double glazing +
Gas central heating +
Under 250 yards to SUPERMARKET +

ATTENTION INVESTORS - BUY TO LET adjacent the new TALBOT GATEWAY DEVELOPMENT

Currently let providing an annual income of around £6500, which is a gross yield of around 9.3%.
This mid garden terraced house does require completion of the re-decoration and updating throughout.
The property is however generously proportioned with THREE bedrooms, the smallest being over 9ft x 9ft, TWO separate reception rooms, UPVC double glazing and gas central heating.
Situated adjacent the Talbot Gateway project, including the proposed Multiversity due for development over the next few years.

Agent Details

McDonald, Fylde Coast

01253 835493

Next Steps?

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

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