2 Bed Flat, Single Let, Blackpool, FY4 1EG, £100,000

Watson Road, Blackpool, FY4 1EG - 2 views - 4 months ago

BTL
ROI: 4%
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£42K - £200K
Sold Prices/m²£672/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£85,679

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Total Cash In

£31,200

 

 

Cash Out

 

Rent Range

£450 - £1,733

Rent Estimate

£560

Running Costs/mo

£445

Cashflow/mo

£116

Cashflow/yr

£1,386

ROI

4%

Gross Yield

7%

Local Sold Prices

43 sold prices from £42K to £200K, average is £78K. £672/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£59K05/210.21 mi29a, Burlington Road, Blackpool FY4 1JS2
£42K10/200.48 miFlat 8, Harrowside Heights, Brixham Place, Blackpool FY4 1LT2
£112.5K09/230.48 mi58, Harrowside, Blackpool FY4 1LY2
£107K05/230.48 mi60, Harrowside, Blackpool FY4 1LY2
£129.9K07/210.48 mi68, Clifton Drive, Blackpool FY4 1NX2
£100K06/230.48 mi2, Park View Court, Blackpool FY4 2RD2
£114K08/230.48 mi10, Park View Court, Blackpool FY4 2RD2
£62K02/210.51 miFlat 7, Claughton Mansions, Harcourt Road, Blackpool FY4 3ES2
£70K01/210.65 mi129, St Heliers Road, Blackpool FY1 6JD2
£96K02/210.79 miFlat 51, Crescent Court, Blackpool FY4 1ST2
£80K07/220.87 mi21, Eccleston Road, Blackpool FY1 6AU2
£72K11/210.9 miFlat 7, Squires Court, Cairn Grove, Blackpool FY4 2RA2
£78.5K09/230.9 miSquires Court, Flat 6, Cairn Grove, Blackpool FY4 2RA2
£100K10/220.91 miFlat 7, Squires Court, Cairn Grove, Blackpool FY4 2RA2
£92K04/210.97 miFlat 12, The Sands, Marple Close, Blackpool FY4 1TF2
£115K09/230.97 miThe Sands, Flat 19, Marple Close, Blackpool FY4 1TF2
£90K09/220.98 miFlat 8, The Sands, Marple Close, Blackpool FY4 1TF2
£78K01/231.02 miApartment 28, Lemon Tree Court, Clifton Drive North, Lytham St Annes, Lancashire FY8 2SU2
£87K01/231.05 miFlat C, 189, Bloomfield Road, Blackpool FY1 6QH2
£52.5K03/231.07 mi22, Condor Grove, Blackpool FY1 5JU2
£49K02/211.08 mi91, Boston Way, Blackpool FY4 4YQ2
£70K10/221.1 mi116, Boston Way, Blackpool FY4 4YB2
£55K03/211.13 mi55a, Grasmere Road, Blackpool FY1 5HP2
£50K07/211.13 mi59f, Grasmere Road, Blackpool FY1 5HP2
£58K02/211.13 mi53f, Grasmere Road, Blackpool FY1 5HP2
£55K07/231.18 mi1c, South Lawn, Blackpool FY4 4BN2
£45K03/211.18 mi1d, South Lawn, Blackpool FY4 4BN2
£49.5K11/201.18 mi408f, Waterloo Road, Blackpool FY4 4BL2
£58K04/231.18 mi408c, Waterloo Road, Blackpool FY4 4BL2
£78K12/221.19 mi2f, South Lawn, Blackpool FY4 4BN2
£58K05/211.22 mi26, Condor Grove, Blackpool FY1 5LT2
£65K11/211.28 miFlat 8, The Maltings, Yorkshire Street, Blackpool FY1 5BF2
£200K04/211.39 mi9, Kildonan Avenue, Blackpool FY4 5NL2
£78K03/211.44 mi9, Somerset Court, Blackpool FY1 5QQ2
£94K02/231.48 mi114, Southbank Avenue, Blackpool FY4 5BX2
£90K04/231.59 mi36, Lomond Avenue, Blackpool FY3 9QL2
£96.5K12/221.63 mi4, Marton Fold, Blackpool FY4 5FJ2
£150K10/201.66 mi176, Preston Old Road, Blackpool FY3 9QY2
£74K08/231.89 mi11, Hoghton Close, Lytham St Annes, Lancashire FY8 3NA2
£88K07/231.89 mi9, Hoghton Close, Lytham St Annes, Lancashire FY8 3NA2
£107.5K05/211.92 mi49, Topping Street, Blackpool FY1 3AF2
£107K10/221.96 miFlat 11, Carrick Mews, Kingsley Road, Blackpool FY3 9US2
£65K04/211.98 miFlat 39, Grizedale Court, Forest Gate, Blackpool FY3 9AP2

Local Rents

41 rents from £450/mo to £1.7K/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£1,73311/240.18 mi-2
£1,73311/240.18 mi-2
£1,73302/250.18 mi-2
£1,73304/250.18 mi-2
£65002/250.19 mi-2
£62503/240.2 mi-2
£62505/240.2 mi-2
£62504/240.2 miBurlington Road, Blackpool, FY42
£62504/240.2 miBurlington Road, Blackpool, FY42
£50012/240.22 mi-2
£59505/240.23 miBurlington Road , Blackpool2
£45004/240.23 miOsborne Road, Blackpool2
£45005/240.23 miOsborne Road, Blackpool2
£63005/240.23 miHAMPTON ROAD, BLACKPOOL, Blackpool2
£69512/240.24 mi-2
£55004/240.26 miRosebery Avenue, Blackpool, Lancashire, FY42
£62504/240.29 miStation Road, Blackpool2
£62504/240.29 miStation Road, Blackpool2
£69003/250.29 mi-2
£54204/240.3 miHorncliffe Road, Blackpool, FY4 1LN2
£52504/240.32 miHorncliffe Road, Blackpool, FY4 1LN2
£1,73311/240.32 mi-2
£62504/240.36 miDean Street, Blackpool, Lancashire, FY42
£50003/250.39 mi-2
£52504/240.44 miClarence Court, Rawcliffe Street, Blackpool, FY4 1DJ2
£52505/240.44 miClarence Court, Rawcliffe Street, Blackpool, FY4 1DJ2
£67512/240.45 mi-2
£60004/240.46 miHarrowside, Blackpool, FY4 1QN2
£49504/240.46 miNapier Avenue, Blackpool, FY4 1PB2
£55004/240.48 miClifton Drive, Blackpool, FY4 1NX2
£69503/250.48 mi-2
£62505/240.51 miWaterloo Road, Blackpool2
£59505/240.51 mi-2
£59504/240.51 miHarcourt Road, Blackpool, FY42
£77504/240.53 miBoome Street, Blackpool2
£65004/240.53 miBoome Street, Blackpool2
£65004/240.53 miSt. Annes Road, Blackpool, Lancashire, FY42
£65004/240.56 miBagot Street, Blackpool, Lancashire, FY16EZ2
£57505/240.62 miStonycroft Place, South Shore, Blackpool, FY4 1RQ2
£70004/250.62 mi-2
£65003/250.62 mi-2

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.42 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £100,000

March 28, 2025

Price changed to £89,000

March 20, 2025

Price changed to £93,000

February 28, 2025

Price changed to £95,000

February 16, 2025

Price changed to £110,000

January 31, 2025

Price changed to £112,000

January 19, 2025

Price changed to £114,000

January 11, 2025

Price changed to £116,000

January 2, 2025

Price changed to £118,000

December 23, 2024

Price changed to £120,000

December 20, 2024

Listed for £134,000

December 3, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Blackpool. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a spacious lounge, and modern kitchen.

Investment details

It currently produces an annual gross income of £6720 which could be increased by the new owner to a market rate of £12,000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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