2 Bed Flat, Single Let, Blackpool, FY2 9GJ, £110,000

Admiral Heights, 164 Queens Promenade, Bispham, FY2 9GJ - 1 views - 5 months ago

Leasehold
BTL
ROI: 3%
~73 m²
+20 photos

ValuationOvervalued

Sold Prices£64K - £247K
Sold Prices/m²£1K/m² - £2.1K/m²

 

 

Square Metres

~72.50 m²
Price/m²£1.5K/m²

Value Estimate

£96,464

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£550 - £1,325

Rent Estimate

£550

Running Costs/mo

£474

Cashflow/mo

£76

Cashflow/yr

£915

ROI

3%

Gross Yield

6%

Local Sold Prices

31 sold prices from £64K to £247K, average is £85K. £1K/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£64K08/220.09 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£90K03/210.09 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/210.09 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/220.09 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/210.09 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/210.09 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/230.09 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/230.09 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/230.09 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/230.09 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/230.09 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£118K02/210.11 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/220.11 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£92K07/230.13 mi15a, Cavendish Road, Blackpool FY2 9JR2
£97.5K09/220.15 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£82.5K03/230.17 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£95K01/230.23 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/200.23 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£72.5K10/200.23 miFlat 25, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£130K06/230.23 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£94K11/220.23 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£90K12/220.23 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£73K05/230.27 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£247K10/210.39 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£76K04/210.51 mi66, Sandhurst Avenue, Blackpool FY2 9EB2
£80K02/210.73 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£92K01/230.74 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£109K01/230.81 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/230.81 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/210.81 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/230.81 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2

Local Rents

25 rents from £550/mo to £1.3K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£77504/240.03 miQueens Promenade, Blackpool2
£79504/240.03 mi162 Queens Promenade, Bispham, Blackpool2
£69504/240.03 miQueens Promenade, Blackpool, Lancashire, FY22
£75004/250.05 mi-2
£75005/240.05 miAdmiral View, Bispham, Blackpool, FY22
£75001/250.05 mi-2
£75002/250.05 mi-2
£67504/240.08 miCavendish Road, Bispham, Blackpool2
£62511/230.09 mi-2
£69505/240.09 mi-2
£69504/240.09 miPembroke Court, Blackpool, FY22
£69002/250.21 mi-2
£70004/240.25 mi-2
£57504/240.28 miRed Bank Road, Blackpool, FY22
£65004/240.51 miSandhurst Avenue, Blackpool, Lancashire, FY22
£62504/240.51 miSandhurst Avenue, FY22
£1,00004/240.51 mi-2
£1,20005/240.51 mi-2
£1,32501/250.51 mi-2
£1,25001/250.51 mi-2
£65004/240.56 miFlat 0, 20 Knowle Avenue, Blackpool,FY2 9RX2
£69504/240.58 miMunster Avenue, Blackpool, FY2 0HG2
£65004/240.59 mi-2
£55002/240.61 mi-2
£55002/250.61 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.65 miles away

Nearest school

0.60 miles away

Nearest train station

1.17 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £110,000

March 8, 2025

Price changed to £117,000

December 20, 2024

Listed for £120,000

November 7, 2024

Floor Plans

Description

NO CHAIN Well presented (newly decorated with new carpet throughout) two bedroom fourth floor apartment for sale at Admiral Heights in Bispham. Situated in the grounds of the iconic ‘Old Miners Home’ within the 6.9 acres of gardens overlooking Queen’s Promenade and with views over the sea and on a clear day to the Isle of Man. Local amenities include a Sainsbury’s (10 minutes walk away) and many cafes and small restaurants. Situated 6 miles from the M55, the tram stops on Queen’s Promenade and there is a local bus route to the rear of the property. The property features a modern fitted kitchen, a large master bedroom with en suite, an open plan lounge diner with balcony (view of the sea) Accommodation comprises; Entrance hallway, open plan lounge/diner/kitchen, (walk in utility cupboard) two bedrooms, en suite to the master, bathroom suite, balcony and one allocated parking space. CALL TO VIEW

ENTRANCE HALLWAY

Communal area, entrance door to the side aspect.

LOUNGE/DINING ROOM/ KITCHEN
24'8 x 17'11 (7.51m x 5.46m)
UPVC Double glazed window to the front and side aspect, door opens to the balcony with sea view, electric heaters. Picturesque views to the rear extend to the Trough of Bowland. A range of wall and base units with complimentary work surfaces, electric oven, electric hob with extractor fan over, stainless steel sink with drainer and mixer tap, integrated fridge and freezer, inset spotlights, utility cupboard which is plumbed for washing machine.

BEDROOM ONE
20'7 x 9'5 (6.28m x 2.87m)
Large master bedroom with double glazed window to the rear aspect and electric heater.

EN SUITE
5'11 x 5'1 (1.81m x 1.61m)
Step in shower cubicle, low flush wc, wash hand basin and heated towel rail.

BEDROOM TWO
20'7 x 6'9 (6.28m x 2.07m)
Double glazed window to the rear aspect and electric heater.

BATHROOM
6'10 x 5'10 (2.08m x 1.77m)
Modern fitted three piece suite comprising; Panelled bath, wash hand basin, low flush WC and chrome towel rail.

EXTERNAL
One allocated parking space, visitor parking, communal gardens.

TENURE
We have been informed that the property is Leasehold; prospective purchasers should seek clarification of this from their solicitors. The average of the service charge over the last six years has been circa £220 per month which has included the replacement of the roof, pointing and soon to be fitted new balconies. The 2024 service charge included the cost of the replacement balconies and was £403 per month. There is also an additional lift charge of circa £15 per month.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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