2 Bed Terraced House, Single Let, Blackpool, FY3 8BE, £55,000

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

Auction

BTL

ROI: 21%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£56K - £170K
Sold Prices/m²	£636/m² - £2.4K/m²

Square Metres	~68.11 m²
Price/m²	£808/m²
Value Estimate	£66,000£66,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£13,750£13,750
Stamp Duty & Legal Fees	£2,850£2,850
Total Cash In	£16,600£16,600

Cash Out
Rent Range	£550 - £1,350£550 - £1,350
Rent Estimate	£600
Running Costs/mo	£312£312
Cashflow/mo	£288£288
Cashflow/yr	£3,458£3,458
ROI	21%21%
Gross Yield	13%13%

Local Sold Prices

50 sold prices from £56K to £170K, average is £81.5K. £636/m² to £2.4K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76.5K	09/21	0.05 mi	18, Heald Street, Blackpool FY3 8BG	-	-	2	Terraced House
£65K	08/21	0.05 mi	3, Heald Street, Blackpool FY3 8BG	£1,255	52	2	Terraced House
£60.5K	07/21	0.05 mi	6, Heald Street, Blackpool FY3 8BG	£1,105	55	2	Terraced House
£62.5K	10/20	0.15 mi	1, Laburnum Street, Blackpool FY3 8RP	£1,359	46	2	Terraced House
£77.5K	03/23	0.16 mi	19, Healey Street, Blackpool FY3 8RW	£1,490	52	2	Terraced House
£96K	05/23	0.22 mi	23, Gorton Street, Blackpool FY1 3HP	-	-	2	Terraced House
£60K	06/21	0.23 mi	17, Beresford Street, Blackpool FY1 3RF	£759	79	2	Terraced House
£105K	10/20	0.23 mi	4, Caledonian Avenue, Blackpool FY3 8RB	£1,615	65	2	Semi-Detached House
£75K	04/23	0.24 mi	29, Ascot Road, Blackpool FY3 8DG	£904	83	2	Terraced House
£72K	05/21	0.25 mi	7, Whittaker Avenue, Blackpool FY3 8RE	£1,358	53	2	Terraced House
£72K	02/21	0.25 mi	27, Whittaker Avenue, Blackpool FY3 8RE	£1,333	54	2	Terraced House
£70K	03/21	0.25 mi	22, Whittaker Avenue, Blackpool FY3 8RE	£1,273	55	2	Terraced House
£56K	03/23	0.26 mi	21, Fisher Street, Blackpool FY1 3HX	£875	64	2	Terraced House
£170K	05/21	0.26 mi	1, Ramsey Avenue, Blackpool FY3 7AH	£1,789	95	2	Detached House
£170K	05/21	0.26 mi	1, Ramsey Avenue, Blackpool FY3 7AH	£1,789	95	2	Detached House
£61.5K	12/20	0.26 mi	43, Fisher Street, Blackpool FY1 3HX	£707	87	2	Terraced House
£92K	06/23	0.26 mi	31, Butler Street, Blackpool FY1 3HR	£1,082	85	2	Terraced House
£85K	06/21	0.26 mi	82, Charles Street, Blackpool FY1 3JL	£1,012	84	2	Terraced House
£75K	12/21	0.27 mi	2, Handley Road, Blackpool FY1 3HW	-	-	2	Terraced House
£95K	05/21	0.27 mi	16, Granville Road, Blackpool FY1 3NP	£941	101	2	Terraced House
£75K	01/23	0.29 mi	53, Manchester Road, Blackpool FY3 8DN	-	-	2	Terraced House
£83K	02/23	0.29 mi	60, Manchester Road, Blackpool FY3 8DN	£943	88	2	Terraced House
£83K	07/23	0.29 mi	27, Manchester Road, Blackpool FY3 8DN	£976	85	2	Terraced House
£85K	08/21	0.29 mi	3, Manchester Road, Blackpool FY3 8DN	£982	87	2	Terraced House
£109K	11/20	0.31 mi	17, Sussex Road, Blackpool FY3 8HW	£1,514	72	2	Semi-Detached House
£85K	12/22	0.31 mi	3, Camden Road, Blackpool FY3 8HN	£1,604	53	2	Terraced House
£91K	09/21	0.31 mi	10, Brierley Avenue, Blackpool FY3 8HP	£1,288	71	2	Semi-Detached House
£85K	05/21	0.33 mi	32, Broughton Avenue, Blackpool FY3 8EQ	£1,232	69	2	Terraced House
£75K	12/20	0.34 mi	19, Rathlyn Avenue, Blackpool FY3 8ED	£1,027	73	2	Semi-Detached House
£165K	07/22	0.34 mi	28, Camden Road, Blackpool FY3 8HN	£1,618	102	2	Detached House
£70K	08/21	0.34 mi	28, Peter Street, Blackpool FY1 3LU	£864	81	2	Terraced House
£67K	01/21	0.34 mi	39, Peter Street, Blackpool FY1 3LU	£957	70	2	Terraced House
£89K	05/23	0.34 mi	24, Peter Street, Blackpool FY1 3LU	£636	140	2	Terraced House
£91.5K	09/21	0.35 mi	19, Smithy Mews, Blackpool FY1 2EQ	£1,578	58	2	Semi-Detached House
£130K	02/23	0.35 mi	6, Coveway Avenue, Blackpool FY3 8ET	£1,645	79	2	Semi-Detached House
£86K	12/20	0.35 mi	6, Coveway Avenue, Blackpool FY3 8ET	£1,088	79	2	Semi-Detached House
£77.5K	11/20	0.36 mi	66, Enfield Road, Blackpool FY1 2RB	£1,157	67	2	Terraced House
£80.5K	12/20	0.36 mi	21, Larbreck Avenue, Blackpool FY3 8EF	£1,150	70	2	Terraced House
£64K	02/23	0.36 mi	19, Larbreck Avenue, Blackpool FY3 8EF	-	-	2	Terraced House
£100K	02/23	0.37 mi	10, Bailey Court, Blackpool FY3 8EU	-	-	2	Semi-Detached House
£130K	05/21	0.37 mi	12, Bailey Court, Blackpool FY3 8EU	£2,404	54	2	Semi-Detached House
£64K	11/20	0.37 mi	81, Handsworth Road, Blackpool FY1 2QZ	£889	72	2	Terraced House
£86K	12/22	0.37 mi	5, Glenwood Street, Blackpool FY3 8BU	-	-	2	Terraced House
£85K	07/21	0.38 mi	42, Drummond Avenue, Blackpool FY3 8EG	£1,197	71	2	Terraced House
£80K	06/23	0.38 mi	7, Drummond Avenue, Blackpool FY3 8EG	£1,087	74	2	Terraced House
£80K	11/20	0.38 mi	70, Drummond Avenue, Blackpool FY3 8EG	£1,111	72	2	Terraced House
£77.5K	04/21	0.38 mi	62, Drummond Avenue, Blackpool FY3 8EG	-	-	2	Terraced House
£82.5K	03/21	0.38 mi	38, Drummond Avenue, Blackpool FY3 8EG	£1,058	78	2	Terraced House
£78K	11/20	0.38 mi	6, Hampstead Mews, Blackpool FY1 2SG	£1,147	68	2	Terraced House
£90K	04/21	0.38 mi	33, Heathway Avenue, Blackpool FY3 8HE	£1,385	65	2	Terraced House

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £685/mo.

Rent	Date	Distance	Address	Beds	Type
£750	12/24	0.05 mi	-	2	Terraced House
£625	04/24	0.05 mi	-	2	Terraced House
£575	12/24	0.06 mi	-	2	Terraced House
£625	04/24	0.06 mi	Chester Road, Blackpool	2	Flat
£675	04/24	0.06 mi	Chester Road, Blackpool, Lancashire, FY3	2	Terraced House
£625	03/25	0.07 mi	-	2	Terraced House
£650	04/24	0.16 mi	Laburnum Street, Blackpool, Blackpool	2	Flat
£600	05/24	0.16 mi	-	2	Terraced House
£600	03/25	0.16 mi	-	2	Terraced House
£675	04/24	0.16 mi	Cypress Grove, Blackpool, FY3 8RR	2	Terraced House
£1,350	01/24	0.23 mi	-	2	Semi-Detached House
£1,350	01/25	0.23 mi	-	2	Semi-Detached House
£995	04/25	0.27 mi	-	2	Flat
£775	02/25	0.27 mi	-	2	Flat
£700	12/24	0.27 mi	-	2	Flat
£635	02/25	0.27 mi	-	2	Terraced House
£675	04/24	0.28 mi	-	2	Terraced House
£665	03/24	0.29 mi	-	2	Flat
£665	05/24	0.29 mi	-	2	Flat
£675	03/25	0.29 mi	-	2	Flat
£665	04/24	0.29 mi	Coopers Way, Blackpool, FY1	2	Flat
£665	04/24	0.29 mi	Coopers Way, Blackpool, FY1	2	Flat
£695	02/24	0.29 mi	-	2	Flat
£625	04/24	0.29 mi	-	2	Terraced House
£650	12/24	0.32 mi	-	2	Terraced House
£650	04/24	0.33 mi	-	2	Flat
£700	04/25	0.33 mi	-	2	Flat
£800	05/24	0.34 mi	Rathlyn Avenue, Blackpool	2	Semi-Detached House
£550	03/25	0.35 mi	-	2	Flat
£775	01/25	0.35 mi	-	2	Terraced House
£700	02/25	0.35 mi	-	2	Terraced House
£575	05/24	0.35 mi	Danesbury Place, BLACKPOOL, FY1 3LX	2	Terraced House
£650	04/25	0.36 mi	-	2	Terraced House
£690	01/25	0.37 mi	-	2	Terraced House
£680	04/25	0.38 mi	-	2	Terraced House
£775	05/24	0.39 mi	Whitley Avenue, Blackpool, Lancashire, FY3	2	Terraced House
£675	04/24	0.41 mi	-	2	Terraced House
£900	02/25	0.41 mi	-	2	Terraced House
£695	01/25	0.43 mi	-	2	Terraced House
£800	12/24	0.43 mi	-	2	Flat
£800	03/25	0.43 mi	-	2	Flat
£800	06/24	0.43 mi	-	2	Flat
£800	05/24	0.43 mi	Newton Drive, Blackpool, FY3	2	Flat
£606	05/24	0.47 mi	Lewtas Street, Blackpool, FY1 2DY	2	Terraced House
£700	03/24	0.47 mi	-	2	Flat
£700	04/24	0.47 mi	Woburn Road, Blackpool, FY1	2	Flat
£1,250	04/24	0.48 mi	-	2	Terraced House
£800	01/25	0.48 mi	-	2	Terraced House
£1,200	02/25	0.48 mi	-	2	Terraced House
£800	04/25	0.48 mi	-	2	Terraced House

Local Area Statistics

Population in FY3	31,56931,569
Population in Blackpool	133,713133,713
Town centre distance	1.28 miles away1.28 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.45 miles away0.45 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+15%+15%

Property History

Price changed to £55,000

March 24, 2025

Price changed to £50,000

March 8, 2025

Listed for £55,000

February 21, 2025

Floor Plans

Description

Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
Fantastic Investment Opportunity +
New Boiler Installed 2024 +
2 Bedrooms +
3 Piece Suite Bathroom +
Lounge, Kitchen +

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.

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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

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