dealsourcr

8 Bed Flat, Single Let, Blackpool, FY4 1EU, £390,000

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

BTL
~248 m²

Valuation

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

 

 

Square Metres

~248 m²
Price/m²£1.6K/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Rent Range

£575 - £2,600

Rent Estimate

£641

Running Costs/mo

£1,367

Cashflow/mo

£-726

Cashflow/yr

£-8,711

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

Listed for £390,000

December 23, 2024

Floor Plans

Description

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

Flat 1. Ground floor, two bedroom and ensuite. Currently tenanted with a rental income of £600 PCM.

Flat 2. First floor, one bedroom.

Flat 3. First floor, two bedroom.

Flat 4. First floor, two bedroom.

Flat 5. First floor, one bedroom. Currently tenanted with a rental income of £500 PCM.

Flat 6. Second floor, two bedroom. Currently tenanted with a rental income of £625 PCM.

Flat 7. Third floor, one bedroom. Currently tenanted with a rental income of £480 PCM.

Flat 8. Third floor, two bedroom. Currently tenanted with a rental income of £600 PCM.

Current Rental Income: £2805 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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Auction

3 Bed House, Single Let, Blackpool, FY4 1BP

£120,000

7 months ago • 93 m²

Auction

3 Bed House, Single Let, Blackpool, FY4 1BP

£70,000

1 views • 7 months ago • 93 m²

4 Bed House, Single Let, Blackpool, FY4 1DA

£325,000

6 days ago • 129 m²

3 Bed House, Single Let, Blackpool, FY4 1DA

£90,000

1 views • 9 months ago • 93 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account