10 Bed Flat, Single Let, Blackpool, FY1 5AJ, £510,000

212852252 Coop Street, Blackpool, FY1 2 - 3 months ago

Leasehold
BTL
~310 m²
+15 photos

Valuation

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

 

 

Square Metres

~310 m²
Price/m²£1.6K/m²

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£127,500

Stamp Duty & Legal Fees

£39,700

Total Cash In

£167,200

 

 

Cash Out

 

Rent Range

£695 - £2,600

Rent Estimate

£725

Running Costs/mo

£1,759

Cashflow/mo

£-1,034

Cashflow/yr

£-12,405

Gross Yield

2%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£65K11/210.11 mi59, Chapel Street, Blackpool FY1 5HF4
£57K04/220.54 mi13, Lincoln Road, Blackpool FY1 4HA4

Local Rents

32 rents from £695/mo to £2.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£70004/240 miFlat 2, 16 Coop Street3
£1,40004/250.03 mi-4
£1,40004/250.07 mi-4
£82504/240.08 miBickerstaffe Street, Blackpool3
£1,10004/240.13 miPrincess Street3
£1,05004/250.17 mi-3
£77504/240.19 miErdington Road, Blackpool3
£2,00002/250.28 mi-3
£2,00002/250.28 mi-3
£1,20003/250.3 mi-3
£72504/240.3 miHarrison Street, Blackpool, Lancashire, FY13
£95004/240.39 miWestmorland Avenue, Blackpool, Lancashire, FY15
£90002/250.43 mi-3
£2,60012/240.45 mi-4
£2,60004/250.45 mi-4
£90004/240.46 miSouth King Street, Blackpool3
£97502/250.47 mi-4
£82504/240.48 miWyre Grove, Blackpool3
£1,10004/240.48 mi92 Grasmere Road3
£1,10005/240.48 mi-3
£80004/240.49 miPark Road, Blackpool, FY1 5QN3
£1,50003/250.49 mi-3
£80005/240.51 mi-3
£80005/240.51 mi-3
£1,73302/250.51 mi-3
£69504/250.53 mi-3
£95001/250.53 mi-3
£80005/240.56 miCondor Grove, Blackpool, Lancashire, FY14
£79504/240.59 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£80005/240.6 mi28 Gloucester Avenue3
£1,00012/240.61 mi-3
£90005/240.61 mi57 Gainsborough Road, Blackpool. FY1 4DZ3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.76 miles away

Nearest school

0.40 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £510,000

March 20, 2025

Price changed to £515,000

March 16, 2025

Price changed to £520,000

March 4, 2025

Price changed to £525,000

February 20, 2025

Listed for £555,000

January 22, 2025

Description

  • Multi-Unit Property +
  • Buy-to-Let Opportunity +
  • Portfolio of 6 Flats +
  • Well-Maintained Property +
  • Modern Kitchens & Bathrooms +
  • Easy Access to Local Amenities +
  • Prime Rental Location +

This is a portfolio of 6 flats located in Blackpool. They are generating steady, rewarding rental returns for the current landlord. For investors looking for a rewarding investment, this is a brilliant opportunity!

The property features four two-bedroom flats and two one-bedroom flats, each with its own lounge, kitchen, and bathroom, all maintained in a modern and well-kept condition. Situated in the city centre, it offers easy access to local amenities and excellent transport links.

Investment Details

The properties currently produce an annual gross income of £55,800 which could be increased by the new owner to a market rate of £57,600 with 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.

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 💪