3 Bed Semi-Detached House, BMV, Blackpool, FY3 8EP, £95,000

Newton Drive, Blackpool, FY3 8EP - 2 months ago

Sold STC
Auction
BTL
ROI: 11%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£72K - £575K
Sold Prices/m²£774/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£116,850
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Total Cash In

£27,800

 

 

Cash Out

 

Rent Range

£695 - £1,500

Rent Estimate

£702

Running Costs/mo

£457

Cashflow/mo

£245

Cashflow/yr

£2,937

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £72K to £575K, average is £135K. £774/m² to £4.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£179.9K08/230.06 mi269, Layton Road, Blackpool FY3 8ER3
£185K11/200.07 mi1, Ridgwood Avenue, Blackpool FY3 8EL3
£130K03/210.1 mi11, Waterfoot Avenue, Blackpool FY3 8DB3
£117.5K11/200.1 mi15, Collingwood Avenue, Blackpool FY3 8DE3
£120K01/210.1 mi5, Collingwood Avenue, Blackpool FY3 8DE3
£90K07/210.1 mi7, Collingwood Avenue, Blackpool FY3 8DE3
£124.5K08/210.1 mi61, Collingwood Avenue, Blackpool FY3 8DE3
£142.5K12/210.1 mi48, Collingwood Avenue, Blackpool FY3 8BZ3
£112K02/210.1 mi70, Ascot Road, Blackpool FY3 8DF3
£153K03/230.13 mi13, Elm Avenue, Blackpool FY3 9BQ3
£124K11/200.13 mi10, Elm Avenue, Blackpool FY3 9BQ3
£158K11/200.14 mi72, Birchway Avenue, Blackpool FY3 8EY3
£110K03/210.14 mi45, Dutton Road, Blackpool FY3 8DH3
£129.9K10/210.14 mi34, Dutton Road, Blackpool FY3 8DH3
£115K04/210.14 mi34, Dutton Road, Blackpool FY3 8DH3
£335K09/210.14 mi116, Newton Drive, Blackpool FY3 8JA3
£155K07/210.15 mi2a, Poplar Avenue, Blackpool FY3 9BH3
£114.6K02/230.16 mi35, Birchway Avenue, Blackpool FY3 8EZ3
£135K12/200.16 mi102, Layton Road, Blackpool FY3 8ES3
£185K01/230.16 mi2a, Bryan Road, Blackpool FY3 9BE3
£210K05/210.16 mi1, North Park Drive, Blackpool FY3 8LP3
£95.5K10/210.17 mi17, Fordway Avenue, Blackpool FY3 8HD3
£190K12/220.18 mi5, Forest Gate, Blackpool FY3 9AW3
£169.9K05/210.18 mi44, Forest Gate, Blackpool FY3 9AW3
£160K03/230.18 mi13, Hazel Grove, Blackpool FY3 9AX3
£130K12/200.18 mi2, Maple Avenue, Blackpool FY3 9BJ3
£137.5K06/230.19 mi22, Ascot Road, Blackpool FY3 8DG3
£119K12/200.2 mi3, Olive Grove, Blackpool FY3 9AS3
£145K12/200.2 mi16, Olive Grove, Blackpool FY3 9AS3
£153K05/230.2 mi3, Olive Grove, Blackpool FY3 9AS3
£575K09/210.21 mi39, North Park Drive, Blackpool FY3 8NJ3
£185K01/230.21 mi16, Mere Road, Blackpool FY3 9AT3
£191K11/200.22 mi5, Kingscote Drive, Blackpool FY3 8HB3
£98K03/210.25 mi63, London Road, Blackpool FY3 8DJ3
£90K01/210.27 mi20, Devonshire Road, Blackpool FY3 8AA3
£162.5K01/230.27 mi24, Ingleway Avenue, Blackpool FY3 8JJ3
£150K04/230.27 mi10, Beetham Place, Blackpool FY3 8HL3
£93K11/210.27 mi24, Layton Road, Blackpool FY3 8HT3
£145K07/230.27 mi32, Layton Road, Blackpool FY3 8HT3
£72K07/210.28 mi108, Manchester Road, Blackpool FY3 8DP3
£100K07/210.3 mi38, Oxford Road, Blackpool FY1 3QL3
£89K11/200.3 mi30, Oxford Road, Blackpool FY1 3QL3
£87.5K05/230.3 mi15, Oxford Road, Blackpool FY1 3QL3
£115K12/200.32 mi18, Breck Road, Blackpool FY3 9DT3
£110K02/210.32 mi67, Addison Crescent, Blackpool FY3 8AG3
£160K05/230.32 mi30, Deneway Avenue, Blackpool FY3 8JQ3
£150K12/200.32 mi1, Westwood Avenue, Blackpool FY3 9DW3
£135K01/210.32 mi26, Westwood Avenue, Blackpool FY3 9DW3
£85K06/210.34 mi97, Peter Street, Blackpool FY1 3NN3
£148.5K01/210.34 mi9, Liverpool Road, Blackpool FY1 4HG3

Local Rents

40 rents from £695/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£71505/240.07 mi-3
£71505/240.07 mi-3
£71505/240.07 miLayton Road, Blackpool, FY33
£95004/240.16 miBryan Road, Blackpool3
£75005/240.22 mi-3
£75004/240.23 miManchester Road, Blackpool, FY3 8DN3
£92503/240.26 mi-3
£1,05002/250.27 mi-3
£95005/240.28 mi-3
£80005/240.28 miManchester Road, Blackpool, FY3 8BP3
£95004/240.31 miDeneway Avenue, Blackpool3
£95005/240.32 mi8 Westwood Avenue, Blackpool, FY3 9DW3
£82505/240.32 miWestwood Avenue, Blackpool3
£80004/240.33 mi16 Harley Road, Blackpool, FY3 9DY3
£95001/240.34 mi-3
£85005/240.35 mi-3
£79512/240.35 mi-3
£79501/250.35 mi-3
£92504/240.38 mi-3
£85001/250.39 mi-3
£80004/240.39 miSelbourne Road, Blackpool, Lancashire, FY13
£75004/240.43 miCaunce Street, Blackpool3
£80004/240.44 mi-3
£90005/240.44 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£85004/240.45 mi34 Woodland Grove3
£72501/250.47 mi-3
£72501/250.47 mi-3
£1,00003/250.5 mi-3
£90004/240.5 miWilkinson Avenue, Blackpool3
£70004/240.51 miPeter Street, Blackpool, FY1 3LT3
£80005/240.53 mi-3
£80005/240.53 mi-3
£79504/240.53 miBeckway Avenue, Blackpool3
£80005/240.55 mi28 Gloucester Avenue3
£1,20004/250.55 mi-3
£69504/250.56 mi-3
£1,50003/250.56 mi-3
£70004/240.59 miHardman Street, Blackpool, Lancashire, FY13
£90002/250.59 mi-3
£77505/240.59 miHardman Street, Blackpool3

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.91 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £95,000

January 30, 2025

Floor Plans

Description

  • For Sale by Online Auction +
  • Currently Let for £11,400 PA +
  • Close to Blackpool Victoria Hospital & Stanley Park +
  • Well Below Market Value +
  • 12% Yield (based on starting price) +
  • Two Reception Rooms +
  • Well Proportioned Living +
  • Easy Maintenance Yard to Rear +
  • Rent Currently Under Review +
  • Viewings Available in Person or via our 360 Virtual Tour +

For Sale by Online Auction with a Starting Bid of £95,000. T&Cs Apply. See WebbMove for all of the Auction Details.

A spacious three bedroom semi-detached house which is located in a sought after position, close to Blackpool Victoria Hospital and the picturesque Stanley Park. Priced well below market value for a quick sale, the property is a ready-made investment opportunity as it is sold with good tenants in-situ who pay £850PCM / £11,400PA (currently under review). Based on the starting price, this is an attractive 12% gross yield.

At a glimpse, the property offers; hallway, spacious lounge, dining room, modern fitted kitchen, three good sized bedrooms and a modern bathroom suite. Externally is a driveway to the front and a large low maintenance yard to the rear. Additionally, there is a valid EICR and GSC in place, and the tenants are not in any rent arrears. Viewings are available NOW either in person or via our 360 virtual tour.

N.B. it is evident that the property has suffered from settlement although we are not aware of any surveys or structural engineer reports identifying the root of the issue.  

ENTRANCE 3' 5" x 3' 2" (1.04m x 0.97m)  

HALLWAY  

LOUNGE 12' 4" x 11' 9" (3.76m x 3.58m)  

KITCHEN 7' 5" x 11' 9" (2.26m x 3.58m)  

PANTRY 4' 9" x 3' 0" (1.45m x 0.91m)  

DINING ROOM 11' 1" x 15' 5" (3.38m x 4.7m)  

LANDING  

BEDROOM ONE 11' 3" x 11' 9" (3.43m x 3.58m)  

BEDROOM TWO 12' 4" x 11' 10" (3.76m x 3.61m)  

BEDROOM THREE 7' 7" x 8' 7" (2.31m x 2.62m)  

BATHROOM 6' 11" x 8' 2" (2.11m x 2.49m)  

W.C. 3' 4" x 5' 7" (1.02m x 1.7m)  

YARD TO REAR  

COVERAGE BROADBAND

We are advised that the property can obtain Fibre to the Premises (FTTP)

MOBILE DATA

We are advised that you are likely to have mobile coverage

We would suggest that you also make your own enquiries as to Mobile Data coverage

AUCTION INFORMATION This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 27th February 2025. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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