2 Bed Terraced House, Single Let, Blackpool, FY1 5PP, £80,000

Levens Grove, Blackpool, Lancashire, FY1 5PP - 1 views - 3 months ago

Auction
BTL
ROI: 7%
~68 m²
+10 photos

ValuationFair Value

Sold Prices£50K - £220.2K
Sold Prices/m²£604/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£81,327

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£433 - £1,250

Rent Estimate

£503

Running Costs/mo

£371

Cashflow/mo

£132

Cashflow/yr

£1,589

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £50K to £220.2K, average is £90K. £604/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88K08/210.12 mi68, Lune Grove, Blackpool FY1 5PH2
£50K08/230.14 mi66, Sharow Grove, Blackpool FY1 5ND2
£54K12/200.2 mi5, Revoe Street, Blackpool FY1 5HN2
£63.5K11/200.22 mi73, Ashton Road, Blackpool FY1 4AG2
£80K06/210.23 mi3, Brecon Close, Blackpool FY1 5AY2
£65K05/230.23 mi52, Ashton Road, Blackpool FY1 4AQ2
£50K01/210.24 mi135, Ashton Road, Blackpool FY1 4AF2
£94K01/230.25 mi91, Cunliffe Road, Blackpool FY1 6RX2
£62.5K12/200.26 mi19, Jameson Street, Blackpool FY1 4AJ2
£90K01/210.26 mi76, Cunliffe Road, Blackpool FY1 6RY2
£51K12/200.28 mi19, Freckleton Street, Blackpool FY1 4AW2
£93K08/210.3 mi189, Cunliffe Road, Blackpool FY1 6RU2
£97.2K11/200.3 mi244, Cunliffe Road, Blackpool FY1 6RU2
£67.5K06/230.3 mi31, Montrose Avenue, Blackpool FY1 4AS2
£215K01/230.3 mi1a, Somerset Avenue, Blackpool FY1 5QU2
£64K03/210.3 mi21, Henry Street, Blackpool FY1 5JG2
£135K03/230.32 mi17, Stoke Avenue, Blackpool FY1 6QB2
£90K10/210.35 mi27, Beardshaw Avenue, Blackpool FY1 6QA2
£143K10/200.37 mi53, Greenwood Avenue, Blackpool FY1 6RQ2
£65K07/230.39 mi59, Ribble Road, Blackpool FY1 4AA2
£76K12/200.42 mi28, Seymour Road, Blackpool FY1 6JH2
£110K04/210.43 mi28, Lightbown Avenue, Blackpool FY3 9JN2
£104K10/210.43 mi10, Lightbown Avenue, Blackpool FY3 9JN2
£80K05/230.43 mi12, Lightbown Avenue, Blackpool FY3 9JN2
£100K06/210.43 mi8, Lightbown Avenue, Blackpool FY3 9JN2
£76.5K08/210.44 mi44, Portland Road, Blackpool FY1 4EF2
£75K12/200.44 mi72, Portland Road, Blackpool FY1 4EF2
£170K12/200.44 mi14, Greenwood Avenue, Blackpool FY1 6RF2
£124K08/210.44 mi13, Harlech Avenue, Blackpool FY1 6ND2
£120K07/210.44 mi89, Dunelt Road, Blackpool FY1 6LT2
£128K07/210.45 mi26, Westfield Road, Blackpool FY1 6NY2
£71K06/210.45 mi30a, Kent Road, Blackpool FY1 5HB2
£142K03/230.47 mi10, Lunedale Avenue, Blackpool FY1 6LL2
£73.5K01/210.49 mi9, Moon Avenue, Blackpool FY1 6EH2
£115K06/210.49 mi48, Airedale Avenue, Blackpool FY3 9LH2
£60K01/210.51 mi4, Amberbanks Grove, Blackpool FY1 6DW2
£72K05/230.51 mi8, Amberbanks Grove, Blackpool FY1 6DW2
£120K04/220.52 mi72a, Saville Road, Blackpool FY1 6JT2
£105K04/210.52 mi31, Lindsay Avenue, Blackpool FY3 9LD2
£133K01/230.52 mi57, Lindsay Avenue, Blackpool FY3 9LD2
£100K10/210.53 mi5, Latham Avenue, Blackpool FY3 9PP2
£85K10/210.54 mi12, Preston Old Road, Blackpool FY3 9PL2
£110K11/220.54 mi64a, Preston Old Road, Blackpool FY3 9PL2
£220.2K08/210.54 mi349, Whitegate Drive, Blackpool FY3 9PH2
£145K07/230.56 mi1, East Mead, Blackpool FY3 9LN2
£87.5K05/210.56 mi9, Preston Old Road, Blackpool FY3 9PR2
£80K11/200.57 mi10, Carsluith Avenue, Blackpool FY3 9LJ2
£107K12/210.57 mi9, Aldwych Avenue, Blackpool FY3 9LQ2
£125K10/210.58 mi17, Newlands Avenue, Blackpool FY3 9PG2
£73K04/210.58 mi63, Alexandra Road, Blackpool FY1 6HW2

Local Rents

52 rents from £433/mo to £1.3K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£67004/240.07 miGrasmere Road, Blackpool2
£60004/240.12 mi-2
£43304/240.15 mi-2
£62503/250.16 mi-2
£70004/240.17 miWestmorland Avenue, Blackpool2
£90004/240.23 miAshton Road,Blackpool,FY12
£62504/240.24 miAshton Road, Blackpool2
£59502/250.26 mi-2
£62504/240.27 miSomerset Court, Blackpool, Lancashire, FY12
£65005/240.28 miCentral Drive, Blackpool2
£70005/240.28 miCentral Drive, Blackpool2
£78004/240.3 miCunliffe Road, Blackpool, Lancashire, FY12
£67504/240.31 miAnderson Street, Blackpool, FY12
£45004/240.32 miFlat 5, Central Drive, Blackpool, FY1 5JN2
£72504/240.35 miWhitegate Drive, Blackpool, FY32
£72504/240.35 mi-2
£69505/240.35 mi-2
£69505/240.35 mi-2
£69505/240.35 miWhitegate Drive, Blackpool, FY32
£95004/240.36 mi-2
£85004/240.36 mi-2
£52001/250.36 mi-2
£99504/240.38 mi-2
£79512/240.38 mi-2
£85004/240.4 miWhitegate Drive, Blackpool, Lancashire, FY32
£85002/250.43 mi-2
£56304/240.44 miPortland Road, Blackpool, FY1 4EF2
£60005/240.44 miSt. Heliers Road, Blackpool, FY1 6JE2
£55005/240.45 miPortland Road, Blackpool2
£68512/240.45 mi-2
£60010/230.47 miLonsdale Road, Blackpool2
£70004/240.48 miBack Palatine Road, Blackpool, FY1 4DA2
£70004/240.48 miMoon Avenue, Blackpool, FY1 6EH2
£80012/240.48 mi-2
£75001/250.5 mi-2
£65001/250.5 mi-2
£65004/250.5 mi-2
£1,20004/250.5 mi-2
£80012/240.5 mi-2
£85012/240.51 mi-2
£85004/250.51 mi-2
£69504/240.51 miAmberbanks Grove, Blackpool2
£75004/240.52 miCoop Street, Blackpool, FY1 5AJ2
£85003/250.53 mi-2
£1,25004/240.53 mi-2
£85002/240.54 mi-2
£80004/240.54 mi-2
£80012/240.54 mi-2
£80001/250.54 mi-2
£85003/250.54 mi-2
£55005/240.54 mi-2
£55005/240.54 mi-2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.40 miles away

Nearest school

0.10 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £80,000

January 8, 2025

Description

  • Investment Property +
  • Comprising 2 / 3 Bedroom Mid Terraced House +
  • Central Blackpool +
  • Close to Shops & Amenities +
  • In Lovely Order Throughout +
  • Priced to Sell +
  • Ideal Investment Property +
  • Currently Let at £8,400 pa +
  • Excellent Potential to Increase Return +
  • Rear Garden Area with Decking +

DESCRIPTION: FOR SALE BY AUCTION On
Behalf of Pattinson Auctions Kenricks are pleased to offer this
2 / 3 Bedroom Mid Terraced Residential Property for sale.

The substantial house is situated in the residential location of Levens Grove in Central Blackpool, being close to shops and amenities.

The house is in lovely order throughout having been well decorated and maintained, with outdoor space and decking area to the rear of the property.

The property is currently let to lovely tenants on a shorthold tenancy agreement at a monthly rent of £700.

Viewing Highly Recommended.

Ground Floor
Vestibule Area
Entrance Hall leading to:
Lounge (approx. 15' 44'' x 11' 51") with high ceiling.
Dining Room (approx. 22'.16'' x 17.'42")
Kitchen (approx. 13' 49" x 10'40") with feature ceiling alcove area, fitted with range of base and wall units, built in electric oven with 4 ring hob and extractor over.
Utility area (approx. 10' 24'' x 4'.88'')

First Floor
Landing
Master Bedroom (approx. 14' 18" x 12' 72") with built in robes.
Bedroom 2 (approx. 14' 85" x 7' 60")
Bathroom (approx. 13' 54" x 9' 58") with 3-piece white suite with corner bath, pedestal washed hand basin and toilet.

Second Floor
Loft Area (approx.16'.62'' x 15'.02'') with Velux window currently used an additional bedroom.

EXTERIOR; Small garden area to the front with pebbling. Rear Garden area with elevated decking area and outbuilding used for storage.

BUSINESS: We are informed the property is currently let on a short hold tenancy agreement at a rent of £700 pcm, which we believe could be increased upon.

AGENTS NOTES: The property has central heating and double glazing.
The size of the plot of land the property sits upon is 1,393.8 sq. ft. and it has a perimeter of 203.5 ft.
Sale subject to the fees, terms and conditions of Pattinson Auctions.

TENURE: Freehold.

PRICE IS STARTING BID

VIEWING: By appointment through Kenricks

Agent Details

Kenricks Commercial Estate Agents, Blackpool

01253 835721

Next Steps?

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