2 Bed Terraced House, Refurb/BRRR, Blackpool, FY1 3JT, £25,000

14 Victory Road, Blackpool, FY1 3JT - 5 months ago

Sold STC
Auction
Refurb/BRRR
Negative Equity
~76 m²
+4 photos

ValuationUndervalued

Sold Prices£55K - £170K
Sold Prices/m²£613/m² - £1.8K/m²

 

 

Square Metres

~76 m²
Price/m²£329/m²

Value Estimate

£31,250
BMV25%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£6,250

Stamp Duty & Legal Fees

£2,450

Total Cash In

£8,700

 

 

Cash Out

 

Rent Range

£550 - £1,350

Rent Estimate

£0

Running Costs/mo

£98

Cashflow/mo

£-98

Cashflow/yr

£-1,177

Local Sold Prices

50 sold prices from £55K to £170K, average is £75.8K. £613/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£75K12/210.06 mi2, Handley Road, Blackpool FY1 3HW2
£96K05/230.07 mi23, Gorton Street, Blackpool FY1 3HP2
£92K06/230.09 mi31, Butler Street, Blackpool FY1 3HR2
£60K06/210.11 mi17, Beresford Street, Blackpool FY1 3RF2
£56K03/230.14 mi21, Fisher Street, Blackpool FY1 3HX2
£61.5K12/200.15 mi43, Fisher Street, Blackpool FY1 3HX2
£91.5K09/210.17 mi19, Smithy Mews, Blackpool FY1 2EQ2
£75.5K03/210.18 mi12, Howard Street, Blackpool FY1 2EL2
£85K06/210.18 mi82, Charles Street, Blackpool FY1 3JL2
£65K03/210.2 mi95, Cocker Street, Blackpool FY1 2EB2
£65K11/210.22 mi9, Avenham Grove, Blackpool FY1 2EN2
£76.5K09/210.24 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.24 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.24 mi6, Heald Street, Blackpool FY3 8BG2
£76K05/230.27 mi29, Cross Street, Blackpool FY1 2EA2
£73K01/230.27 mi12, Cross Street, Blackpool FY1 2EA2
£77.5K11/200.3 mi66, Enfield Road, Blackpool FY1 2RB2
£70K08/210.3 mi28, Peter Street, Blackpool FY1 3LU2
£67K01/210.3 mi39, Peter Street, Blackpool FY1 3LU2
£89K05/230.3 mi24, Peter Street, Blackpool FY1 3LU2
£95K05/210.31 mi16, Granville Road, Blackpool FY1 3NP2
£78K11/200.31 mi6, Hampstead Mews, Blackpool FY1 2SG2
£64K11/200.32 mi81, Handsworth Road, Blackpool FY1 2QZ2
£77.5K03/230.34 mi19, Healey Street, Blackpool FY3 8RW2
£62.5K10/200.34 mi1, Laburnum Street, Blackpool FY3 8RP2
£170K05/210.35 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.35 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£73K01/210.35 mi18, Richmond Road, Blackpool FY1 2NJ2
£77K12/200.36 mi11, Stanhope Road, Blackpool FY1 2QY2
£75K12/220.37 miClyde Cottage, Clyde Street, Blackpool FY1 2HT2
£55K01/210.39 mi11, Fairfield Road, Blackpool FY1 2RA2
£77K12/200.41 mi10, Leavesley Road, Blackpool FY1 2QP2
£74.5K06/230.41 mi38, Bedford Road, Blackpool FY1 2QS2
£75K01/230.41 mi53, Manchester Road, Blackpool FY3 8DN2
£83K02/230.41 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.41 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.41 mi3, Manchester Road, Blackpool FY3 8DN2
£72K05/210.44 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.44 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.44 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£105K10/200.44 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£75K04/230.44 mi29, Ascot Road, Blackpool FY3 8DG2
£75K01/230.47 mi4, Moorhouse Street, Blackpool FY1 2HL2
£86K12/220.49 mi5, Glenwood Street, Blackpool FY3 8BU2
£109K11/200.53 mi17, Sussex Road, Blackpool FY3 8HW2
£91K09/210.53 mi10, Brierley Avenue, Blackpool FY3 8HP2
£85K12/220.53 mi3, Camden Road, Blackpool FY3 8HN2
£85K05/210.54 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£100K03/230.55 mi18, Northfield Avenue, Blackpool FY1 2ND2
£75K12/200.55 mi19, Rathlyn Avenue, Blackpool FY3 8ED2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£63502/250.15 mi-2
£77501/250.17 mi-2
£90002/250.2 mi-2
£99503/250.24 mi-2
£77502/250.24 mi-2
£62504/240.25 mi-2
£75012/240.25 mi-2
£60605/240.25 miLewtas Street, Blackpool, FY1 2DY2
£62504/240.26 miChester Road, Blackpool2
£67504/240.26 miChester Road, Blackpool, Lancashire, FY32
£57512/240.26 mi-2
£1,25004/240.26 mi-2
£80001/250.26 mi-2
£1,20002/250.26 mi-2
£62503/250.26 mi-2
£62504/240.27 miCross Street, Blackpool2
£67504/240.29 mi-2
£66503/240.29 mi-2
£66505/240.29 mi-2
£67503/250.29 mi-2
£66504/240.29 miCoopers Way, Blackpool, FY12
£66504/240.29 miCoopers Way, Blackpool, FY12
£69502/240.31 mi-2
£55003/250.31 mi-2
£67004/250.31 mi-2
£70003/240.33 mi-2
£70004/240.33 miWoburn Road, Blackpool, FY12
£57505/240.33 miDanesbury Place, BLACKPOOL, FY1 3LX2
£70002/250.34 mi-2
£75003/250.34 mi-2
£60005/240.34 mi-2
£60003/250.34 mi-2
£69501/250.34 mi-2
£65004/240.35 miLaburnum Street, Blackpool, Blackpool2
£67504/240.35 miCypress Grove, Blackpool, FY3 8RR2
£1,35001/240.36 mi-2
£1,35001/250.36 mi-2
£65004/250.37 mi-2
£70004/250.38 mi-2
£1,10004/240.38 mi-2
£1,05004/240.38 mi-2
£97503/240.38 mi-2
£1,05004/240.38 mi-2
£1,15004/240.38 mi-2
£97502/240.38 mi-2
£1,10001/250.38 mi-2
£90003/250.38 mi-2
£65004/240.38 mi-2
£62502/250.38 mi-2
£75004/240.39 miFrancis Street, Blackpool2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.49 miles away

Nearest school

0.30 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £25,000

-69%

November 18, 2024

Sold for £55,000

2004

Floor Plans

Description

  • FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 9th DECEMBER AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE +
  • PLEASE REGISTER TO BID VIA OUR WEBSITE - AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE +

FOR SALE VIA NATIONAL ONLINE AUCTION ON MONDAY 9th DECEMBER AT 1PM WITH AUCTIONHOUSE.CO.UK/SOUTHYORKSHIRE For sale by auction is this vacant two-bedroom end-terraced house, in need of some refurbishment.

The property compromises of an Entrance Hall, a Living Room, a Kitchen-Diner and a small storage room on the Ground Floor. To the first floor are 2 double Bedrooms, and a Bathroom.

There is on-street parking available at the front of the property, and an enclosed yard to the side/rear of the property.

Once renovated, the expected rental income is expected at £750 per calendar month / £9,000 per annum.

Shopping amenities are available locally within Blackpool Town Centre with a further range of shops, bars and restaurants found in Preston City Centre located to the south east. Public transport links are available at Blackpool North Train Station lying to the west along with a network of local bus services serving the surrounding areas.
Tenure: See Legal Pack EPC Rating: D Administration Fee: £3600 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, South Yorkshire

0114 223 0777

Next Steps?

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