4 Bed Terraced House, Single Let, Blackpool, FY1 5PN, £120,000

74 Grasmere Road, Blackpool - 3 months ago

Under Offer
BTL
ROI: 6%
~162 m²
+15 photos

ValuationUndervalued

Sold Prices£52.5K - £357K
Sold Prices/m²£560/m² - £2.2K/m²

 

 

Square Metres

~162.11 m²
Price/m²£740/m²

Value Estimate

£147,600
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£37,200

 

 

Cash Out

 

Rent Range

£700 - £2,600

Rent Estimate

£725

Running Costs/mo

£540

Cashflow/mo

£185

Cashflow/yr

£2,220

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £52.5K to £357K, average is £150K. £560/m² to £2.2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£75K10/210.16 mi227, Central Drive, Blackpool FY1 5HX4
£78.5K05/230.2 mi25, Rydal Avenue, Blackpool FY1 4AR4
£115K12/200.23 mi3, Thirsk Grove, Blackpool FY1 5NH4
£79K07/210.24 mi2, Chadwick Street, Blackpool FY1 5EJ4
£70.5K02/210.31 mi15, Erdington Road, Blackpool FY1 5EG4
£129.9K06/210.31 mi133, Park Road, Blackpool FY1 4ET4
£75K02/210.32 mi30, Erdington Road, Blackpool FY1 5EG4
£98K11/200.34 mi20, Saville Road, Blackpool FY1 6JP4
£70K05/210.37 mi30, Kent Road, Blackpool FY1 5HB4
£160K05/230.38 mi7, Bennett Avenue, Blackpool FY1 4DP4
£160K03/220.39 mi46a, Falmouth Road, Blackpool FY1 6LQ4
£145K04/210.4 mi358, Central Drive, Blackpool FY1 6LF4
£245K01/210.44 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.44 mi145, Whitegate Drive, Blackpool FY3 9ER4
£165K02/230.44 mi69, Greenwood Avenue, Blackpool FY1 6PR4
£100K07/230.46 mi44, Kirkham Avenue, Blackpool FY1 6RJ4
£127.5K02/230.51 mi368, Central Drive, Blackpool FY1 6LA4
£85K05/210.51 mi229, Palatine Road, Blackpool FY1 4DX4
£93K01/210.52 mi26, Eccleston Road, Blackpool FY1 6NH4
£260K11/210.52 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£52.5K08/230.53 mi171, Lytham Road, Blackpool FY1 6DN4
£90K02/230.53 mi104, St Heliers Road, Blackpool FY1 6JD4
£230K07/210.54 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.54 mi194, Reads Avenue, Blackpool FY1 4JD4
£230K07/210.54 mi172, Reads Avenue, Blackpool FY1 4JD4
£357K01/210.55 mi19, Vernon Avenue, Blackpool FY3 9JF4
£179.9K06/230.56 mi13, Gorse Road, Blackpool FY3 9ED4
£278K05/230.57 mi343, Whitegate Drive, Blackpool FY3 9JR4
£218.7K06/210.57 mi345, Whitegate Drive, Blackpool FY3 9JR4
£173K11/210.59 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.59 mi3, Kensington Road, Blackpool FY3 9DU4
£175K06/230.61 mi2, Winchester Avenue, Blackpool FY4 3AJ4
£120K01/210.61 mi5, Winchester Avenue, Blackpool FY4 3AJ4
£108K04/230.61 mi5, Winchester Avenue, Blackpool FY4 3AJ4
£210K08/210.61 mi67, Park Road, Blackpool FY1 4JQ4
£270K06/210.61 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.61 mi80, West Park Drive, Blackpool FY3 9HU4
£167K09/210.62 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.62 mi33, Lincoln Road, Blackpool FY1 4HA4
£110.1K02/210.62 mi22, Longton Road, Blackpool FY1 4HW4
£215K12/200.63 mi50, Beechfield Avenue, Blackpool FY3 9JH4
£130K02/210.66 mi13, Westwood Avenue, Blackpool FY3 9DW4
£132.5K01/210.66 mi15, Leeds Road, Blackpool FY1 4HQ4
£104K01/210.66 mi453, Waterloo Road, Blackpool FY4 4BW4
£192.5K12/200.68 mi18, West Park Drive, Blackpool FY3 9DN4
£250K12/220.69 mi16, Leamington Road, Blackpool FY1 4EZ4
£117.7K02/230.69 mi44, Whitegate Drive, Blackpool FY3 9AL4
£95K07/230.7 mi144, Adelaide Street, Blackpool FY1 4LU4
£170K06/230.75 mi57, Vicarage Lane, Blackpool FY4 4EF4
£189K06/210.75 mi4, South Park Drive, Blackpool FY3 9QA4

Local Rents

51 rents from £700/mo to £2.6K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,10004/240.04 mi92 Grasmere Road3
£1,10005/240.04 mi-3
£82504/240.05 miWyre Grove, Blackpool3
£95004/240.08 miWestmorland Avenue, Blackpool, Lancashire, FY15
£95001/250.1 mi-3
£80005/240.14 miCondor Grove, Blackpool, Lancashire, FY14
£1,20003/250.17 mi-3
£79504/240.17 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£72504/240.22 miHarrison Street, Blackpool, Lancashire, FY13
£80004/240.23 miPark Road, Blackpool, FY1 5QN3
£77504/240.26 miErdington Road, Blackpool3
£75001/250.29 mi-3
£85005/240.32 mi-3
£1,05004/250.32 mi-3
£1,25004/240.33 miHudson Road, Blackpool, FY13
£1,25004/240.33 mi-3
£80005/240.33 miCunliffe Road, Great Marton, Blackpool, FY13
£82504/240.34 miBoardman Avenue, Blackpool, FY1 6QE3
£75004/240.34 miCunliffe Road, Blackpool, FY1 6SD3
£78004/240.37 mi-3
£80005/240.37 mi28 Gloucester Avenue3
£85003/250.39 mi-3
£2,00002/250.4 mi-3
£2,00002/250.4 mi-3
£1,40004/250.43 mi-4
£80005/240.43 mi-3
£80005/240.43 mi-3
£70004/240.44 miFlat 2, 16 Coop Street3
£89502/250.45 mi-3
£72504/240.46 miAnsdell Road, Blackpool3
£1,10004/240.46 miPrincess Street3
£1,20012/240.47 mi-3
£95002/250.47 mi-3
£90002/250.47 mi-3
£90005/240.49 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£1,10003/250.49 mi-3
£95004/240.49 miHarris Avenue, FY1 6NJ3
£82504/240.5 miBickerstaffe Street, Blackpool3
£1,00012/240.51 mi-3
£1,15010/230.51 miElmslie Gardens,Marton,Blackpool,FY34
£97502/250.51 mi-4
£2,60012/240.51 mi-4
£2,60002/250.51 mi-4
£87504/240.53 miSt. Heliers Road, Blackpool4
£1,73302/250.54 mi-3
£85004/240.55 mi34 Woodland Grove3
£95004/240.55 mi-4
£90004/240.56 miWilkinson Avenue, Blackpool3
£72504/240.59 miLindsay Avenue, Blackpool3
£95001/240.6 mi-3
£1,50003/250.6 mi-3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.46 miles away

Nearest school

0.30 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £120,000

March 4, 2025

Price changed to £130,000

February 24, 2025

Listed for £140,000

January 30, 2025

Floor Plans

Description

  • 4 Bedroom Family Home With Additional Loft Room +
  • Prime Location Within Close Proximity To Local Schools, Blackpool Town Centre With An Abundance Of Shops And Eating Establishments And Fantastic Transport Links +
  • Entrance Vestibule, Hallway, Lounge With Wood Burner And Double Doors Leading To The Dining Room, Kitchen With Integrated Fridge/Freezer & Dishwasher, Utility Room, Office/Playroom, Storage Rooms +
  • 4 Bedrooms To The First Floor, One Boasting Fitted Wardrobes, 4 Piece Suite Bathroom And Additional Loft Room +

Situated a prime location offering convenience and comfort, this 4-bedroom terraced house presents a rare opportunity for a growing family seeking a spacious abode. Boasting a versatile layout, this property includes an entrance vestibule leading to a hallway, a cosy lounge featuring a wood burner and double doors that open up to the dining room, perfect for entertaining. The kitchen is fully equipped with integrated appliances including a fridge/freezer and dishwasher, while a utility room, office/playroom and storage room provide ample space for practical living. The first floor encompasses four well-appointed bedrooms, with one boasting fitted wardrobes, a 4-piece suite bathroom, and an additional loft room ideal for a home office or living space. With the added convenience of no onward chain, this property is a rare find in a bustling area.

Situated within close proximity to local schools, Blackpool Town Centre with its array of shops and dining establishments, and excellent transport links, this home offers a harmonious blend of convenience and comfort, making it a truly remarkable find in the heart of a sought-after locale. Don't miss the chance to make this property your own and experience the epitome of modern living in a vibrant community.

EPC Rating: E

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 💪