2 Bed Flat, Single Let, Blackpool, FY2 9GJ, £85,000

Apartment 16, Admiral Heights, 164 Queens Promenade, Bispham, Blackpool, Lancashire FY2 9GJ - 1 views - 4 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 10%
~68 m²
+6 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£90,624
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Total Cash In

£26,700

 

 

Cash Out

 

Rent Range

£575 - £1,325

Rent Estimate

£644

Running Costs/mo

£414

Cashflow/mo

£230

Cashflow/yr

£2,755

ROI

10%

Gross Yield

9%

Local Sold Prices

33 sold prices from £64K to £247K, average is £90K. £1K/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£118K02/210.08 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/220.08 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£92K07/230.09 mi15a, Cavendish Road, Blackpool FY2 9JR2
£64K08/220.12 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£90K03/210.12 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/210.12 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/220.12 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/210.12 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/210.12 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/230.12 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/230.12 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/230.12 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/230.12 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/230.12 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£97.5K09/220.18 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£102K10/200.2 miFlat 30, Duchess Court, Queens Promenade, Blackpool FY2 9PR2
£102K10/200.2 miFlat 30, Duchess Court, Queens Promenade, Blackpool FY2 9PR2
£82.5K03/230.2 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£94K11/220.2 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£90K12/220.21 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£95K01/230.26 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/200.26 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£72.5K10/200.26 miFlat 25, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£130K06/230.26 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£73K05/230.3 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£247K10/210.36 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£76K04/210.47 mi66, Sandhurst Avenue, Blackpool FY2 9EB2
£80K02/210.76 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£92K01/230.77 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£109K01/230.84 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/230.84 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/210.84 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/230.84 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2

Local Rents

23 rents from £575/mo to £1.3K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£77504/240.01 miQueens Promenade, Blackpool2
£67504/240.05 miCavendish Road, Bispham, Blackpool2
£79504/240.05 mi162 Queens Promenade, Bispham, Blackpool2
£69504/240.05 miQueens Promenade, Blackpool, Lancashire, FY22
£75003/250.09 mi-2
£75005/240.09 miAdmiral View, Bispham, Blackpool, FY22
£75001/250.09 mi-2
£75002/250.09 mi-2
£62511/230.12 mi-2
£69505/240.12 mi-2
£69504/240.12 miPembroke Court, Blackpool, FY22
£70004/240.21 mi-2
£69002/250.25 mi-2
£57504/240.25 miRed Bank Road, Blackpool, FY22
£65004/240.47 miSandhurst Avenue, Blackpool, Lancashire, FY22
£62504/240.47 miSandhurst Avenue, FY22
£1,00004/240.54 mi-2
£1,20005/240.54 mi-2
£1,32501/250.54 mi-2
£1,25001/250.54 mi-2
£69504/240.56 miMunster Avenue, Blackpool, FY2 0HG2
£65004/240.59 miFlat 0, 20 Knowle Avenue, Blackpool,FY2 9RX2
£65004/240.62 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.66 miles away

Nearest school

0.60 miles away

Nearest train station

1.18 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £85,000

December 16, 2024

Description

  • Open Plan Living Space +
  • Balcony With Views +
  • Secure Allocated Parking +
  • Great Investment Property +

Online Auction - 10th - 11th December 2024 Vacant Two Bedroom Second Floor Apartment Vacant purpose built second floor two bedroom apartment. The apartment benefits from secure parking, building access and lifts to all floors.
The property comprises of living/kitchen room, bathroom, two bedrooms, master with en suite and balcony.
Located on Blackpool’s world famous seafront this great apartment is will placed for access to tourist attractions and local amenities.

Tenure: Leasehold
Title number: KAN19928
Length of Lease/Term: 125 years from 1st January 2005
Ground Rent : £125 per year
Service Charge: TBC
Council Tax Band : C
Local Authority: Blackpool

Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Tenure: Leasehold Administration Fee: 1.98% inc VAT of the purchase price, subject to a minimum of £1980 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, Fulwood

01772 286883

Next Steps?

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