2 Bed Terraced House, Single Let, Blackpool, FY1 3HP, £90,000

Gorton Street, Blackpool, FY1 3HP - 2 views - 2 months ago

Under Offer
BTL
ROI: 6%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £170K
Sold Prices/m²£636/m² - £2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£74,109

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£550 - £1,350

Rent Estimate

£550

Running Costs/mo

£411

Cashflow/mo

£139

Cashflow/yr

£1,665

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £55K to £170K, average is £76.8K. £636/m² to £2K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£96K05/230.03 mi23, Gorton Street, Blackpool FY1 3HP2
£56K03/230.05 mi21, Fisher Street, Blackpool FY1 3HX2
£92K06/230.06 mi31, Butler Street, Blackpool FY1 3HR2
£61.5K12/200.06 mi43, Fisher Street, Blackpool FY1 3HX2
£75K12/210.09 mi2, Handley Road, Blackpool FY1 3HW2
£85K06/210.09 mi82, Charles Street, Blackpool FY1 3JL2
£60K06/210.2 mi17, Beresford Street, Blackpool FY1 3RF2
£70K08/210.21 mi28, Peter Street, Blackpool FY1 3LU2
£67K01/210.21 mi39, Peter Street, Blackpool FY1 3LU2
£89K05/230.21 mi24, Peter Street, Blackpool FY1 3LU2
£95K05/210.22 mi16, Granville Road, Blackpool FY1 3NP2
£75.5K03/210.23 mi12, Howard Street, Blackpool FY1 2EL2
£76.5K09/210.25 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.25 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.25 mi6, Heald Street, Blackpool FY3 8BG2
£65K11/210.25 mi9, Avenham Grove, Blackpool FY1 2EN2
£65K03/210.26 mi95, Cocker Street, Blackpool FY1 2EB2
£91.5K09/210.27 mi19, Smithy Mews, Blackpool FY1 2EQ2
£83K02/230.33 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.33 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.33 mi3, Manchester Road, Blackpool FY3 8DN2
£76K05/230.33 mi29, Cross Street, Blackpool FY1 2EA2
£73K01/230.33 mi12, Cross Street, Blackpool FY1 2EA2
£75K01/230.33 mi53, Manchester Road, Blackpool FY3 8DN2
£62.5K10/200.36 mi1, Laburnum Street, Blackpool FY3 8RP2
£77.5K03/230.36 mi19, Healey Street, Blackpool FY3 8RW2
£77.5K11/200.39 mi66, Enfield Road, Blackpool FY1 2RB2
£75K04/230.39 mi29, Ascot Road, Blackpool FY3 8DG2
£86K12/220.4 mi5, Glenwood Street, Blackpool FY3 8BU2
£64K11/200.41 mi81, Handsworth Road, Blackpool FY1 2QZ2
£78K11/200.41 mi6, Hampstead Mews, Blackpool FY1 2SG2
£170K05/210.41 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.41 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£73K01/210.42 mi18, Richmond Road, Blackpool FY1 2NJ2
£75K12/220.44 miClyde Cottage, Clyde Street, Blackpool FY1 2HT2
£105K10/200.45 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£77K12/200.45 mi11, Stanhope Road, Blackpool FY1 2QY2
£72K05/210.45 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.45 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.45 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£55K01/210.48 mi11, Fairfield Road, Blackpool FY1 2RA2
£77K12/200.49 mi10, Leavesley Road, Blackpool FY1 2QP2
£74.5K06/230.5 mi38, Bedford Road, Blackpool FY1 2QS2
£109K11/200.51 mi17, Sussex Road, Blackpool FY3 8HW2
£85K12/220.51 mi3, Camden Road, Blackpool FY3 8HN2
£130K02/230.51 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.51 mi6, Coveway Avenue, Blackpool FY3 8ET2
£129.9K04/210.51 mi14, Apple Tree Gardens, Blackpool FY3 8FU2
£139.9K12/200.51 mi10, Apple Tree Gardens, Blackpool FY3 8FU2
£100K02/230.52 mi10, Bailey Court, Blackpool FY3 8EU2

Local Rents

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

RentDateDistanceAddressBeds 
£99504/250.15 mi-2
£77502/250.15 mi-2
£67504/240.2 mi-2
£55003/250.21 mi-2
£65004/250.22 mi-2
£57505/240.24 miDanesbury Place, BLACKPOOL, FY1 3LX2
£63502/250.24 mi-2
£70002/250.24 mi-2
£75012/240.25 mi-2
£62504/240.25 mi-2
£90002/250.26 mi-2
£62504/240.26 miChester Road, Blackpool2
£77501/250.27 mi-2
£57512/240.27 mi-2
£67504/240.27 miChester Road, Blackpool, Lancashire, FY32
£62503/250.28 mi-2
£70004/250.29 mi-2
£65004/240.29 mi-2
£1,35001/240.29 mi-2
£1,35001/250.29 mi-2
£60605/240.3 miLewtas Street, Blackpool, FY1 2DY2
£70012/240.32 mi-2
£1,25004/240.32 mi-2
£80001/250.32 mi-2
£1,20002/250.32 mi-2
£62504/240.33 mi-2
£62504/240.33 miCross Street, Blackpool2
£67004/250.34 mi-2
£60005/240.36 mi-2
£60003/250.36 mi-2
£65004/240.36 miLaburnum Street, Blackpool, Blackpool2
£62004/240.37 miAdelaide Street, Blackpool2
£67504/240.37 miCypress Grove, Blackpool, FY3 8RR2
£66503/240.37 mi-2
£66505/240.37 mi-2
£67503/250.37 mi-2
£66504/240.37 miCoopers Way, Blackpool, FY12
£66504/240.37 miCoopers Way, Blackpool, FY12
£69502/240.38 mi-2
£65004/250.39 mi-2
£1,10004/240.39 mi-2
£1,05004/240.39 mi-2
£97503/240.39 mi-2
£1,05004/240.39 mi-2
£1,15004/240.39 mi-2
£97502/240.39 mi-2
£1,10001/250.39 mi-2
£90003/250.39 mi-2
£62504/250.39 mi-2
£60004/240.4 mi-2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £90,000

February 24, 2025

Floor Plans

Description

  • Two Bedroom Mid-Terrace House Within Close Proximity To Local Amenities, Schools And Transportation Links +
  • Entrance Vestibule, Hallway, Lounge, Dining Room, Modern Kitchen, Landing, Family Bathroom +
  • South West Facing Enclosed Rear Garden +

Introducing this charming 2 bedroom mid-terraced house, ideally situated within close proximity to local amenities, schools, and transportation links. Upon entering, you are welcomed by an entrance vestibule that leads into a hallway connecting all the living areas. The property boasts a spacious lounge perfect for relaxation and a separate dining room for entertaining guests. The modern kitchen is well-equipped with all the necessary appliances, catering to your culinary needs. Upstairs, a well-lit landing leads to two bedrooms and a family bathroom, providing ample space for comfortable living. Additionally, the property benefits from a south-west facing enclosed rear garden, offering a private outdoor sanctuary for relaxation or al-fresco dining. Stepping outside into the outdoor space, the property features a south-west facing enclosed rear garden.
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 💪