This property was removed from Dealsourcr.
6 Bed HMO, Blackpool, FY1 4BX £159,000
55 Palatine Road, Blackpool, FY1 4BX - 6 views - a year ago
Sold STC
HMO
ROI: 27%
174 m²
ValuationUndervalued
| Sold Prices | £87.5K - £1.0M |
| Sold Prices/m² | £913/m² - £2.2K/m² |
| |
Square Metres | 174 m² |
| Price/m² | £914/m² |
Value Estimate | £195,570 |
| BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £39,750 |
Stamp Duty & Legal Fees | £9,830 |
Total Cash In | £49,580 |
| |
Cash Out | |
Room Rate | £468 |
Gross Rent | £2,808 |
Running Costs/mo | £1,694 |
Cashflow/mo | £1,114 |
Cashflow/yr | £13,364 |
ROI | 27% |
Gross Yield | 21% |
Local Sold Prices
8 sold prices from £87.5K to £1.0M, average is £149.8K. £913/m² to £2.2K/m², average is £1.7K/m².
Local Area Statistics
Population in FY1 | 33,503 |
Population in Blackpool | 133,713 |
Town centre distance | 1.49 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.63 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +24% |
Sales demand | Balanced market |
Capital growth (5yrs) | +32% |
Property History
Price changed to £159,000
February 20, 2025
Listed for £169,000
November 6, 2024