2 Bed Flat, Single Let, Blackpool, FY2 0PJ, £57,000

Kincraig Road, Blackpool, FY2 0PJ - 1 views - 4 months ago

Under Offer
Leasehold
BTL
ROI: 16%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£57.5K - £247K
Sold Prices/m²£1K/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£837/m²

Value Estimate

£68,970
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,250

Stamp Duty & Legal Fees

£4,050

Total Cash In

£18,300

 

 

Cash Out

 

Rent Range

£530 - £950

Rent Estimate

£550

Running Costs/mo

£308

Cashflow/mo

£242

Cashflow/yr

£2,903

ROI

16%

Gross Yield

12%

Local Sold Prices

50 sold prices from £57.5K to £247K, average is £85K. £1K/m² to £2.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£71K12/200.06 mi2, Kilmory Place, Blackpool FY2 0XS2
£98K09/220.38 mi35, Tennyson Drive, Bispham, Blackpool FY2 0GH2
£57.5K10/210.44 mi22, Kincraig Place, Blackpool FY2 0NA2
£89.5K08/210.82 miFlat 27, Wimbledon Court, Wimbledon Avenue, Thornton-cleveleys, Blackpool FY5 1BE2
£80K02/230.85 mi8, Melbourne Avenue, Thornton-cleveleys, Blackpool FY5 3DX2
£247K10/210.85 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£76K04/210.89 mi66, Sandhurst Avenue, Blackpool FY2 9EB2
£85K06/210.9 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£99K08/220.9 mi13, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£95K12/220.9 miFlat 20, Warren Manor, Warren Drive, Thornton-cleveleys, Blackpool FY5 3TG2
£110K06/230.91 mi7, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£85K03/210.91 mi9, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£65K10/200.91 mi22, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£72K11/200.91 mi25, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£78K07/210.91 mi10, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£110K08/230.91 mi3, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£101K02/230.91 mi12, Kingfisher Mews, Poulton-le-fylde, Lancashire FY6 7ZB2
£97K01/231.11 mi84a, Eastpines Drive, Thornton-cleveleys, Blackpool FY5 3RZ2
£94K11/221.12 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£83.5K03/211.15 mi45, Greenbriar Close, Blackpool FY3 7SA2
£92K07/231.15 mi15a, Cavendish Road, Blackpool FY2 9JR2
£90K12/221.16 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£85K10/211.17 mi12, Sanderling Close, Thornton-cleveleys, Lancashire FY5 3FN2
£118K02/211.2 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/221.2 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£130K10/201.24 miFlat 13, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£130K10/201.24 miFlat 17, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£117.3K11/201.24 miFlat 2, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£126K04/211.24 miFlat 32, Wilvere Court, Queens Promenade, Thornton-cleveleys, Blackpool FY5 1PG2
£69K11/211.25 mi34, Bishopsgate, Blackpool FY3 7UP2
£65K02/211.25 mi22, Bishopsgate, Blackpool FY3 7UP2
£64K08/221.27 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£90K03/211.27 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/211.27 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/221.27 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/211.27 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/211.27 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/231.27 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/231.27 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/231.27 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/231.27 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/231.27 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£120K06/231.28 mi19, St Thomas Close, Blackpool FY3 7UT2
£97.5K09/221.29 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£94K12/201.3 mi17, Pochard Place, Thornton-cleveleys, Lancashire FY5 3FH2
£73K12/201.31 mi96, Aintree Road, Thornton-cleveleys, Lancashire FY5 5HP2
£115K06/211.32 mi46, Stanley Avenue, Poulton-le-fylde, Lancashire FY6 7DP2
£83.5K05/231.32 mi109, Ascot Road, Thornton-cleveleys, Lancashire FY5 5HL2
£82.5K03/231.33 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£80K10/201.37 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2

Local Rents

51 rents from £530/mo to £950/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£59504/240.32 miKincraig Place, Thornton-Cleveleys, Lancashire, FY22
£82503/250.36 mi-2
£69501/250.43 mi-2
£90004/240.53 mi-2
£85004/240.53 mi-2
£72504/240.55 miCoriander Close, Blackpool, Lancashire, FY22
£69504/240.68 miMunster Avenue, Blackpool, FY2 0HG2
£65004/240.68 mi-2
£82512/240.73 mi-2
£82504/240.73 miKelvin Road, Thornton-Cleveleys, FY52
£87504/240.82 miThirlmere Avenue, Poulton-Le-Fylde, Lancashire, FY62
£95012/240.83 miMaycroft Avenue, Poulton-Le-Fylde, Lancashire, FY62
£70004/240.84 miArdmore Road, Blackpool, Lancashire, FY22
£62504/240.89 miSandhurst Avenue, FY22
£65004/240.89 miSandhurst Avenue, Blackpool, Lancashire, FY22
£75004/240.97 mi4 Haddon Road, Blackpool, Blackpool2
£75004/240.97 mi4 Haddon Road, Blackpool, Blackpool2
£53004/240.98 miHaddon Road, Blackpool, Lancashire, FY22
£75012/240.99 miCompton Close, Poulton-Le-Fylde, Lancashire, FY62
£59504/241.01 miChatsworth Avenue, FY22
£60004/241.03 miHolyoake Avenue, Blackpool, Lancashire, FY22
£75005/241.04 miHurstwood Drive, Bispham, FY2 0WU2
£77505/241.04 miSeabrook Drive, Thornton Cleveleys2
£79504/241.05 miFalcon Drive, Poulton-Le-Fylde, Lancashire, FY62
£60004/241.06 miParbold Close, Mowbray Drive2
£70004/241.07 mi-2
£57504/241.09 miRed Bank Road, Blackpool, FY22
£75004/241.12 miEastpines Drive, Thornton-Cleveleys, FY5 3RY2
£60004/241.16 miChelsea Avenue, Blackpool2
£60004/241.16 miChelsea Avenue, Blackpool2
£57504/241.16 miChelsea Avenue, Blackpool2
£82504/241.17 miTithebarn Gate, Poulton-Le-Fylde2
£65004/251.18 mi-2
£60012/231.18 mi-2
£65003/251.18 mi-2
£65004/241.19 miRosebank, Thornton-Cleveleys, Lancashire, FY52
£67504/241.19 miCavendish Road, Bispham, Blackpool2
£69504/241.19 miRosebank, Thornton-Cleveleys2
£80004/241.2 miTithebarn Gate, Poulton le Fylde. FY6 7FA2
£58505/241.21 mi-2
£58505/241.21 mi-2
£58506/241.21 mi-2
£54202/241.21 mi-2
£58505/241.21 miBispham Road, Blackpool, FY22
£58505/241.21 miBispham Road, Blackpool, FY22
£58506/241.21 miBispham Road, Blackpool, FY22
£85004/241.21 miBlackpool Old Road, Blackpool2
£77504/241.21 miQueens Promenade, Blackpool2
£79504/241.22 mi162 Queens Promenade, Bispham, Blackpool2
£69504/241.23 miQueens Promenade, Blackpool, Lancashire, FY22
£69504/251.24 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.55 miles away

Nearest school

0.30 miles away

Nearest train station

1.24 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £57,000

January 11, 2025

Price changed to £59,000

January 2, 2025

Price changed to £61,000

December 26, 2024

Price changed to £63,000

December 20, 2024

Price changed to £68,000

December 15, 2024

Listed for £70,000

December 3, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Large 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, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £6,600 which could be increased by the new owner to a market rate of £8,400 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 💪