2 Bed Flat, Cash/Bridging Only, Blackpool, FY2 9PY, £100,000

Pembroke Court, Queens Promenade, Bispham, FY2 9PY - 2 months ago

Leasehold
Cash
ROI: 7%
~68 m²
+18 photos

ValuationOvervalued

Sold Prices£59K - £247K
Sold Prices/m²£1K/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£90,624

 

 

End Value (After Refurb)

£106,624

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£6,200

Refurb Costs

£27,830

Bridging Loan Interest

£2,625

Total Cash In

£63,405

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£106,624

Mortgage (After Refinance)

£79,968

Mortgage LTV

75%

Cash Released

£4,968

Cash Left In

£58,438

Equity

£26,656

Rent Range

£550 - £3,000

Rent Estimate

£915

Running Costs/mo

£536

Cashflow/mo

£379

Cashflow/yr

£4,546

ROI

7%

Gross Yield

11%

Local Sold Prices

31 sold prices from £59K to £247K, average is £85K. £1K/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£90K03/210.01 miFlat 5, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£80K11/210.01 miFlat 38, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£75K10/220.01 miFlat 60, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£71K06/210.01 miFlat 24, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£85K03/210.01 miFlat 44, Pembroke Court, Queens Promenade, Blackpool FY2 9PY2
£77K04/230.01 miFlat 35, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£70.5K05/230.01 miFlat 27, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£65K04/230.01 miFlat 7, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£82K06/230.01 miFlat 21, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£76K01/230.01 miFlat 51, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£64K08/220.01 miFlat 33, Pembroke Court, Queens Promenade, Bispham, Blackpool FY2 9PY2
£97.5K09/220.04 miFlat 7, Anselm Court, Pembroke Avenue, Bispham, Blackpool FY2 9QD2
£82.5K03/230.07 miFlat 29, Duchess Court, Queens Promenade, Bispham, Blackpool FY2 9PR2
£95K01/230.13 miFlat 16, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£80K10/200.13 miFlat 6, Queens Court, Queens Promenade, Blackpool FY2 9PG2
£130K06/230.13 miFlat 12, Queens Court, Queens Promenade, Bispham, Blackpool FY2 9PG2
£73K05/230.17 miFlat 3, Lowther Court, Queens Promenade, Bispham, Blackpool FY2 9NY2
£118K02/210.22 miFlat 2, Bannister Court, Queens Promenade, Blackpool FY2 9LW2
£112.7K12/220.22 miFlat 4, Bannister Court, Queens Promenade, Bispham, Blackpool FY2 9LW2
£92K07/230.22 mi15a, Cavendish Road, Blackpool FY2 9JR2
£94K11/220.34 mi58e, Red Bank Road, Bispham, Blackpool FY2 9HR2
£90K12/220.34 miFlat 16, Hesketh Court, Queens Promenade, Bispham, Blackpool FY2 9JJ2
£247K10/210.43 mi59, Northgate, Bispham, Blackpool FY2 9LT2
£76K04/210.59 mi66, Sandhurst Avenue, Blackpool FY2 9EB2
£80K02/210.63 miFlat 4, Vine Court, Gosforth Road, Blackpool FY2 9UL2
£92K01/230.64 miFlat 5, Argyll Court, Argyll Road, Blackpool FY2 9UF2
£109K01/230.71 miFlat 16, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£94K07/230.71 miFlat 4, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£91.5K07/210.71 miFlat 1, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£97K03/230.71 miFlat 14, Warbreck Court, Warbreck Hill Road, Blackpool FY2 9SR2
£59K05/230.91 mi12a, Northfield Avenue, Blackpool FY1 2ND2

Local Rents

29 rents from £550/mo to £3K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£62511/230.01 mi-2
£69505/240.01 mi-2
£69504/240.01 miPembroke Court, Blackpool, FY22
£75005/240.07 miAdmiral View, Bispham, Blackpool, FY22
£75001/250.07 mi-2
£75002/250.07 mi-2
£75004/250.07 mi-2
£69504/240.08 miQueens Promenade, Blackpool, Lancashire, FY22
£79504/240.08 mi162 Queens Promenade, Bispham, Blackpool2
£69002/250.12 mi-2
£77504/240.13 miQueens Promenade, Blackpool2
£67504/240.18 miCavendish Road, Bispham, Blackpool2
£70004/240.34 mi-2
£57504/240.38 miRed Bank Road, Blackpool, FY22
£1,00004/240.41 mi-2
£1,20005/240.41 mi-2
£1,32501/250.41 mi-2
£1,25001/250.41 mi-2
£65004/240.46 miFlat 0, 20 Knowle Avenue, Blackpool,FY2 9RX2
£65004/240.49 mi-2
£55002/240.5 mi-2
£55002/250.5 mi-2
£3,00005/240.54 mi-2
£3,00006/240.54 mi-2
£62504/240.59 mi58 Cornwall Avenue2
£65004/240.59 miSandhurst Avenue, Blackpool, Lancashire, FY22
£62504/240.59 miSandhurst Avenue, FY22
£69504/240.6 miMunster Avenue, Blackpool, FY2 0HG2
£85002/250.6 mi-2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.57 miles away

Nearest school

0.60 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Listed for £100,000

February 17, 2025

Floor Plans

Description

IMMACULATE TWO BEDROOM GROUND FLOOR APARTMENT Beautifully presented two bedroom apartment for sale situated on Pembroke Court, Bispham. The property is within a couple of minutes away from the beach, has open views of the sea front, boasts excellent room sizes throughout and must be viewed to appreciate. Briefly comprising; communal hallway, kitchen, lounge dining room with balcony, two double bedrooms, bathroom with separate w.c, garage, communal gardens, off road parking. The property is UPVC double glazed and gas central heated throughout. CASH BUYERS ONLY NO CHAIN

COMMUNAL ENTRANCE
Intercom communal entrance, stairs leading to garage.

HALLWAY
Storage cupboard, radiator.

KITCHEN
9`2 x 6`11 (2.80m x 2.11m)
UPVC double glazed window to the side aspect, fitted wall and base units, work tops, integrated oven and hob with the extractor fan over, plumbed for washing machine, space for fridge freezer, stainless steel sink and drainer with mixer tap.

LOUNGE DINING ROOM
13`8 x 10`1 (4.17m x 3.07m)
UPVC double glazed sliding doors leading to balcony, UPVC double glazed window to the front aspect, radiator.

BEDROOM ONE
13`8 x 10`1 (4.17m x 3.07m)
UPVC double glazed window to the rear aspect, radiator, storage cupboard, radiator.

BEDROOM TWO
14`4 x 10`0 (4.37m x 3.04m)
UPVC double glazed window to the front aspect, radiator, storage cupboard.

BATHROOM
8`7 x 5`4 (2.62m x 1.62m)
UPVC double glazed window to the rear aspect, bath with shower over, wash hand basin.

W.C
6`3 x 2`9 (1.90m x 0.84m)
UPVC double glazed window to the rear aspect, low flush w.c.

GARAGE
19`11 x 11`5 (6.06m x 4.47)
Up and over door to the front aspect, power and lighting.

EXTERNAL

BALCONY
South facing balcony with views of the Irish sea.

COMMUNAL GARDENS
Laid to lawn area with car park.

TENURE
We have been informed that the property is Leasehold; prospective purchasers should seek clarification of this from their solicitors. We have been informed that the Service Charge is currently £125 per month and there is over 900 years left on the lease.

VIEWINGS
Viewings are strictly by appointment through the agents office.

All measurements are approximate and for illustrative purposes only. Digital images are reproduced for general information only and must not be inferred that any item shown is included for sale with the property. We have been unable to confirm if services / items in the property are in full working order. The property is offered for sale on this basis. Prospective purchasers are advised to seek expert advice where appropriate.

Agent Details

The Square Room, Fylde Coast

01253 835668

Next Steps?

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