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4 Bed Terraced House, Public Notice, Blackpool, FY1 3EU, £60,000

41 Milbourne Street, Blackpool, FY1 3EU. - 2 views - 5 months ago

BTL
ROI: 20%
~145 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~145 m²
Price/m²£414/m²

Value Estimate

£72,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Total Cash In

£19,200

 

 

Cash Out

 

Rent Range

£500 - £2,000

Rent Estimate

£650

Running Costs/mo

£338

Cashflow/mo

£313

Cashflow/yr

£3,750

ROI

20%

Gross Yield

13%

Local Sold Prices

50 sold prices from £70K to £450K, average is £158.8K. £560/m² to £4K/m², average is £947/m².

PriceDateDistanceAddressBeds 
£95K07/230.12 mi144, Adelaide Street, Blackpool FY1 4LU4
£93K10/210.14 mi49, Elizabeth Street, Blackpool FY1 3JF4
£250K12/220.2 mi16, Leamington Road, Blackpool FY1 4EZ4
£210K08/210.21 mi67, Park Road, Blackpool FY1 4JQ4
£167K09/210.23 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.23 mi33, Lincoln Road, Blackpool FY1 4HA4
£110.1K02/210.24 mi22, Longton Road, Blackpool FY1 4HW4
£100K11/210.35 mi17, Devonshire Road, Blackpool FY3 8DS4
£132.5K01/210.36 mi15, Leeds Road, Blackpool FY1 4HQ4
£117.7K02/230.41 mi44, Whitegate Drive, Blackpool FY3 9AL4
£230K07/210.42 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.42 mi194, Reads Avenue, Blackpool FY1 4JD4
£230K07/210.42 mi172, Reads Avenue, Blackpool FY1 4JD4
£160K05/230.45 mi7, Bennett Avenue, Blackpool FY1 4DP4
£157.5K03/210.45 mi34, Newton Drive, Blackpool FY3 8BY4
£85K05/210.46 mi229, Palatine Road, Blackpool FY1 4DX4
£98K12/200.48 mi11, South Square, Blackpool FY3 8AJ4
£129.9K06/210.51 mi133, Park Road, Blackpool FY1 4ET4
£79K07/210.54 mi11, Hawthorn Road, Blackpool FY1 2RE4
£120K11/200.55 mi12, Collingwood Avenue, Blackpool FY3 8BZ4
£115K11/210.56 mi63, Sherbourne Road, Blackpool FY1 2PQ4
£209K08/230.61 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£115K10/210.61 mi51, Sherbourne Road, Blackpool FY1 2PJ4
£173K11/210.61 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.61 mi3, Kensington Road, Blackpool FY3 9DU4
£70.5K02/210.61 mi15, Erdington Road, Blackpool FY1 5EG4
£75K02/210.61 mi30, Erdington Road, Blackpool FY1 5EG4
£70K05/210.61 mi30, Kent Road, Blackpool FY1 5HB4
£175K01/230.61 mi76, Newton Drive, Blackpool FY3 8EP4
£227K11/220.63 mi7, Coopers Way, Blackpool FY1 3RJ4
£390K08/230.63 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.63 mi47, Forest Gate, Blackpool FY3 9BA4
£235K04/210.63 mi45, Forest Gate, Blackpool FY3 9BA4
£78.5K05/230.64 mi25, Rydal Avenue, Blackpool FY1 4AR4
£179.9K06/230.66 mi13, Gorse Road, Blackpool FY3 9ED4
£245K01/210.66 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.66 mi145, Whitegate Drive, Blackpool FY3 9ER4
£79K07/210.67 mi2, Chadwick Street, Blackpool FY1 5EJ4
£130K02/210.68 mi13, Westwood Avenue, Blackpool FY3 9DW4
£420K11/200.69 mi11, St Josephs Close, Blackpool FY3 8LU4
£192.5K12/200.69 mi18, West Park Drive, Blackpool FY3 9DN4
£143K01/210.7 mi281, Talbot Road, Blackpool FY3 7AZ4
£102K05/230.73 mi9, Sherbourne Road, Blackpool FY1 2PW4
£75K10/210.74 mi227, Central Drive, Blackpool FY1 5HX4
£305K10/200.76 mi15, St Clements Avenue, Blackpool FY3 8LT4
£450K07/220.76 mi12, St Clements Avenue, Blackpool FY3 8LT4
£399.9K06/220.82 mi16, Milton Avenue, Blackpool FY3 8LY4
£166K12/200.84 mi148, Warley Road, Blackpool FY1 2RP4
£270K06/210.85 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.85 mi80, West Park Drive, Blackpool FY3 9HU4

Local Rents

41 rents from £500/mo to £2K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£70004/240.09 miPeter Street, Blackpool, FY1 3LT3
£69504/250.16 mi-3
£90004/240.17 miSouth King Street, Blackpool3
£1,20004/250.17 mi-3
£75004/240.19 miCaunce Street, Blackpool3
£1,50003/250.22 mi-3
£85001/250.22 mi-3
£72501/250.27 mi-3
£72501/250.27 mi-3
£1,20003/250.29 mi-4
£65006/240.3 mi-3
£80004/240.32 miSelbourne Road, Blackpool, Lancashire, FY13
£85012/240.33 mi-4
£77505/240.33 miHardman Street, Blackpool3
£70004/240.34 miHardman Street, Blackpool, Lancashire, FY13
£90002/250.35 mi-3
£1,25002/250.37 mi-4
£50012/240.38 mi-3
£75005/240.38 mi-3
£80005/240.38 miManchester Road, Blackpool, FY3 8BP3
£75004/240.39 miManchester Road, Blackpool, FY3 8DN3
£82512/240.41 mi-3
£2,00002/250.43 mi-3
£2,00002/250.43 mi-3
£80005/240.44 mi-3
£80005/240.44 mi-3
£80002/250.45 mi-3
£95004/240.46 miBryan Road, Blackpool3
£92503/240.47 mi-3
£95004/240.47 mi-4
£1,30001/250.47 mi-5
£90005/240.49 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£80005/240.51 miBraithwaite Street, Blackpool, FY1 2HS3
£1,05002/250.53 mi-3
£1,30004/240.54 miMere Road, Blackpool, Lancashire, FY34
£1,05004/250.56 mi-3
£65004/240.58 miCheltenham Road, Blackpool, FY1 2PR3
£72504/240.6 miHarrison Street, Blackpool, Lancashire, FY13
£85004/240.6 miDevonshire Road, Blackpool, Lancashire, FY33
£95001/240.61 mi-3
£80005/240.61 mi28 Gloucester Avenue3

Links

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £60,000

February 8, 2025

Price changed to £70,000

January 7, 2025

Price changed to £80,000

December 13, 2024

Listed for £90,000

November 2, 2024

Floor Plans

Description

PUBLIC NOTICE- PUBLIC NOTICE
ADDRESS 41 Milbourne Street, Blackpool, FY1 3EU.
We are acting in the sale of the above property and have received an offer £70,000.
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.

EPC Rating: D

AN IDEAL INVESTMENT OPPORTUNITY IN THE HEART OF BLACKPOOL THAT MUST BE VIEWED
Situated on the edge of Blackpool's proposed 'Multiversity' Development, this terraced period home boasts generous accommodation comprising Two Reception Rooms, Kitchen/Breakfast Room, Four Bedrooms and Family Bathroom. Requiring updating and improvement, this property offers exceptional potential to become a great sized family home. CALL US NOW TO ARRANGE YOUR APPOINTMENT TO VIEW

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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

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