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7 Bed Flat, Single Let, Blackpool, FY4 1EU, £350,000

Station Road, Blackpool, FY4 1EU - 3 months ago

BTL
~217 m²
+1 photos

Valuation

Sold Prices£57K - £65K
Sold Prices/m²£760/m² - £833/m²

 

 

Square Metres

~217 m²
Price/m²£1.6K/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£575 - £2,600

Rent Estimate

£650

Running Costs/mo

£1,244

Cashflow/mo

£-594

Cashflow/yr

£-7,125

Gross Yield

2%

Local Sold Prices

2 sold prices from £57K to £65K, average is £61K.

PriceDateDistanceAddressBeds 
£65K11/211.1 mi59, Chapel Street, Blackpool FY1 5HF4
£57K04/221.47 mi13, Lincoln Road, Blackpool FY1 4HA4

Local Rents

30 rents from £575/mo to £2.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,50003/250.09 mi-3
£99504/240.1 mi-3
£99504/240.1 mi-3
£1,73302/250.16 mi-4
£75004/240.23 miWaterloo Road, Blackpool4
£70003/250.27 mi-5
£65005/240.29 miShaw Road, Blackpool3
£79504/250.31 mi-4
£90001/250.31 mi-3
£95005/240.32 mi-3
£95005/240.32 miHaig Road, Blackpool, FY13
£87504/240.37 miSt. Heliers Road, Blackpool4
£75004/240.37 miJesmond Avenue, Blackpool, FY4 1EJ3
£75004/240.39 miQueensway, Blackpool3
£75005/240.41 miRangeway Avenue, Blackpool3
£1,05001/240.41 mi-4
£1,00012/240.42 mi-3
£1,20012/240.43 mi-3
£95002/250.43 mi-3
£65011/240.45 mi-3
£89502/250.46 mi-3
£57501/240.48 mi-3
£87011/240.51 mi-3
£1,73302/250.51 mi-3
£97502/250.55 mi-4
£75005/240.57 mi-3
£2,60012/240.58 mi-4
£2,60002/250.58 mi-4
£82503/250.59 mi-3
£90002/250.62 mi-3

Links

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

2.22 miles away

Nearest school

0.20 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Price changed to £350,000

March 20, 2025

Listed for £375,000

December 23, 2024

Description

  • Excellent Investment Opportunity +
  • Block Of Seven Apartments. 12 Bedrooms +
  • Close To Local Attractions +
  • Fantastic Rental Income +
  • Call Today To Avoid Any Disappointment +

Flat 1. Ground floor, three bedroom and ensuite. £700 PCM.
Flat 2. First floor, one bedroom. £495 PCM.
Flat 3. First floor, two bedroom. £580 PCM.
Flat 4. Second floor one bedroom. £520 PCM.
Flat 5. Second floor, two bedroom. £600 PCM.
Flat 6. Third floor, one bedroom. £520 PCM.
Flat 7. Third floor, two bedroom. £580 PCM.

Total £3995 PCM.

Please note: The tenants are on periodic tenancy agreements.
Freehold information: Multiple Flat each one in council tax band A
Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Fylde Coast

01253 835297

Next Steps?

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

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