2 Bed Terraced House, Single Let, Blackpool, FY3 8BE, £50,000

Chester Road, Blackpool, FY3 8BE - 2 views - 3 months ago

Auction
BTL
ROI: 21%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£56K - £170K
Sold Prices/m²£707/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£734/m²

Value Estimate

£66,550
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£2,850

Total Cash In

£15,350

 

 

Cash Out

 

Rent Range

£550 - £1,350

Rent Estimate

£608

Running Costs/mo

£298

Cashflow/mo

£310

Cashflow/yr

£3,722

ROI

24%

Gross Yield

15%

Local Sold Prices

50 sold prices from £56K to £170K, average is £83K. £707/m² to £2.4K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£76.5K09/210.02 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.02 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.02 mi6, Heald Street, Blackpool FY3 8BG2
£62.5K10/200.1 mi1, Laburnum Street, Blackpool FY3 8RP2
£77.5K03/230.11 mi19, Healey Street, Blackpool FY3 8RW2
£105K10/200.18 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£72K05/210.19 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.19 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.19 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£170K05/210.22 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.22 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£75K04/230.24 mi29, Ascot Road, Blackpool FY3 8DG2
£60K06/210.25 mi17, Beresford Street, Blackpool FY1 3RF2
£96K05/230.27 mi23, Gorton Street, Blackpool FY1 3HP2
£109K11/200.27 mi17, Sussex Road, Blackpool FY3 8HW2
£91K09/210.27 mi10, Brierley Avenue, Blackpool FY3 8HP2
£85K12/220.28 mi3, Camden Road, Blackpool FY3 8HN2
£85K05/210.29 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£75K12/200.29 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£165K07/220.3 mi28, Camden Road, Blackpool FY3 8HN2
£56K03/230.31 mi21, Fisher Street, Blackpool FY1 3HX2
£75K12/210.31 mi2, Handley Road, Blackpool FY1 3HW2
£92K06/230.31 mi31, Butler Street, Blackpool FY1 3HR2
£61.5K12/200.31 mi43, Fisher Street, Blackpool FY1 3HX2
£85K06/210.32 mi82, Charles Street, Blackpool FY1 3JL2
£80.5K12/200.32 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£75K01/230.32 mi53, Manchester Road, Blackpool FY3 8DN2
£95K05/210.32 mi16, Granville Road, Blackpool FY1 3NP2
£64K02/230.32 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£83K02/230.32 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.32 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.32 mi3, Manchester Road, Blackpool FY3 8DN2
£85K07/210.33 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230.33 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200.33 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210.33 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210.33 mi38, Drummond Avenue, Blackpool FY3 8EG2
£130K02/230.34 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.34 mi6, Coveway Avenue, Blackpool FY3 8ET2
£77.5K11/200.35 mi66, Enfield Road, Blackpool FY1 2RB2
£83K03/210.35 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.35 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.35 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.35 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£90K12/220.36 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£64K11/200.36 mi81, Handsworth Road, Blackpool FY1 2QZ2
£100K02/230.36 mi10, Bailey Court, Blackpool FY3 8EU2
£130K05/210.36 mi12, Bailey Court, Blackpool FY3 8EU2
£90K04/210.36 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.36 mi30, Heathway Avenue, Blackpool FY3 8HE2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£57512/240 mi-2
£67504/240.01 miChester Road, Blackpool, Lancashire, FY32
£62504/240.01 miChester Road, Blackpool2
£75012/240.01 mi-2
£62504/240.02 mi-2
£62503/250.03 mi-2
£65004/240.1 miLaburnum Street, Blackpool, Blackpool2
£60005/240.11 mi-2
£60003/250.11 mi-2
£67504/240.11 miCypress Grove, Blackpool, FY3 8RR2
£1,35001/240.26 mi-2
£1,35001/250.26 mi-2
£66503/240.27 mi-2
£66505/240.27 mi-2
£67503/250.27 mi-2
£66504/240.27 miCoopers Way, Blackpool, FY12
£66504/240.27 miCoopers Way, Blackpool, FY12
£69502/240.27 mi-2
£63502/250.28 mi-2
£65012/240.29 mi-2
£80005/240.29 miRathlyn Avenue, Blackpool2
£70012/240.3 mi-2
£99503/250.32 mi-2
£77502/250.32 mi-2
£69001/250.32 mi-2
£62504/240.32 mi-2
£68003/250.33 mi-2
£67504/240.33 mi-2
£67504/240.36 mi-2
£77501/250.37 mi-2
£65004/240.38 mi-2
£70004/250.38 mi-2
£55003/250.4 mi-2
£70002/250.4 mi-2
£57505/240.4 miDanesbury Place, BLACKPOOL, FY1 3LX2
£77505/240.42 miWhitley Avenue, Blackpool, Lancashire, FY32
£69501/250.42 mi-2
£64005/240.44 mi-2
£65005/240.44 mi-2
£80012/240.44 mi-2
£80003/250.44 mi-2
£80006/240.44 mi-2
£80005/240.44 miNewton Drive, Blackpool, FY32
£90002/250.45 mi-2
£65004/240.45 miWilford Street, Blackpool2
£80003/250.47 mi-2
£62504/240.47 mi-2
£65004/240.47 miClaremont Road, Blackpool2
£70003/240.48 mi-2
£70004/240.48 miWoburn Road, Blackpool, FY12

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £50,000

March 8, 2025

Listed for £55,000

January 24, 2025

Floor Plans

Description

  • Fantastic Investment Opportunity +
  • Located Within Close Proximity To Local Schools, Shops And Amenities +
  • Lounge, Kitchen, 2 Bedrooms, 3 Piece Suite Bathroom +
  • New Boiler Installed 2024 +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £55,000.

This 2-bedroom mid-terraced house presents a fantastic investment opportunity for both seasoned investors or first-time buyers. Situated in a prime location with easy access to local schools, shops, and amenities, this property offers convenience and comfort in equal measure. Upon entering, you are greeted by a lounge area, perfect for relaxation or entertaining guests. The kitchen boasts ample storage space, providing the ideal setting for culinary enthusiasts. Upstairs, two bedrooms offer peaceful retreats, while a 3-piece suite bathroom ensures convenience for daily routines. With a new boiler installed in 2024, this property combines modern comforts with traditional charm, promising a homely ambience for its future owners. Externally, this property has a low maintenance yard to the rear.

Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.

EPC Rating: D

Agent Details

Stephen Tew Estate Agents, Blackpool

01256 961179

Next Steps?

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