3 Bed Terraced House, Single Let, Blackpool, FY4 3BL, £45,000

Devon Street, Blackpool, FY4 3BL - 1 views - a month ago

Sold STC
Auction
BTL
ROI: 28%
~93 m²
+2 photos

ValuationUndervalued

Sold Prices£60K - £163K
Sold Prices/m²£673/m² - £1.9K/m²

 

 

Square Metres

~93 m²
Price/m²£484/m²

Value Estimate

£54,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£2,550

Total Cash In

£13,800

 

 

Cash Out

 

Rent Range

£575 - £1,500

Rent Estimate

£603

Running Costs/mo

£281

Cashflow/mo

£322

Cashflow/yr

£3,861

ROI

28%

Gross Yield

16%

Local Sold Prices

50 sold prices from £60K to £163K, average is £111K. £673/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£60K06/210.03 mi81, Aintree Road, Blackpool FY4 3BD3
£82.5K11/210.04 mi9, Exeter Street, Blackpool FY4 3BN3
£133K11/200.04 mi50, Chislehurst Avenue, Blackpool FY4 3AR3
£70K12/200.06 mi76, St Annes Road, Blackpool FY4 2AS3
£110K01/210.06 mi48, St Annes Road, Blackpool FY4 2AS3
£163K11/200.09 mi13, Hall Avenue, Blackpool FY4 3AQ3
£155K10/210.09 mi12, Winchester Avenue, Blackpool FY4 3AJ3
£102K10/210.1 mi46, Hemingway, Blackpool FY4 3BS3
£100K10/210.1 mi54, Hemingway, Blackpool FY4 3BS3
£155K02/210.1 mi255, Waterloo Road, Blackpool FY4 3AA3
£137K11/200.11 mi4, Scudamore Crescent, Blackpool FY4 3AT3
£145K06/230.12 mi87, Marsden Road, Blackpool FY4 3BY3
£72.5K03/210.12 mi31, Lyndhurst Avenue, Blackpool FY4 3AX3
£137K02/210.12 mi12, Lightwood Avenue, Blackpool FY4 2AU3
£125K12/200.16 mi102, St Annes Road, Blackpool FY4 2BA3
£120K12/200.19 mi29, Lunedale Avenue, Blackpool FY1 6LL3
£150K09/210.19 mi6, Lunedale Avenue, Blackpool FY1 6LL3
£100K03/230.19 mi30, Lunedale Avenue, Blackpool FY1 6LL3
£135K11/200.2 mi303, Waterloo Road, Blackpool FY4 3AF3
£121K11/210.21 mi78, Dunelt Road, Blackpool FY1 6LT3
£123.5K04/210.21 mi4, Harlech Avenue, Blackpool FY1 6ND3
£94K09/210.22 mi7, Swindon Avenue, Blackpool FY4 3DX3
£111K11/200.23 mi47, Westfield Road, Blackpool FY1 6NU3
£118K04/230.23 mi17, Westfield Road, Blackpool FY1 6NU3
£90K11/200.24 mi4, Eaton Avenue, Blackpool FY1 6LG3
£149K02/210.25 mi469, Central Drive, Blackpool FY1 6LB3
£73.5K10/210.25 mi85, Harcourt Road, Blackpool FY4 3HP3
£97K03/210.26 mi130, St Annes Road, Blackpool FY4 2BD3
£150K06/230.26 mi25, Marton Drive, Blackpool FY4 3DF3
£161.3K01/230.26 mi311, Waterloo Road, Blackpool FY4 3AG3
£111K05/230.27 mi147, Marton Drive, Blackpool FY4 3EY3
£93K06/210.27 mi151, Marsden Road, Blackpool FY4 3DT3
£83.8K04/210.28 mi80, Marsden Road, Blackpool FY4 3DU3
£104.5K11/210.3 mi47, Shetland Road, Blackpool FY1 6LW3
£88K10/200.3 mi51, Shetland Road, Blackpool FY1 6LW3
£120K05/210.3 mi44, Shetland Road, Blackpool FY1 6LW3
£103K02/230.3 mi35, Shetland Road, Blackpool FY1 6LW3
£95K11/200.3 mi41, Shetland Road, Blackpool FY1 6LW3
£117.5K03/230.3 mi32, Shetland Road, Blackpool FY1 6LW3
£150K12/220.3 mi46, Shetland Road, Blackpool FY1 6LW3
£140K07/230.3 mi36, Harris Avenue, Blackpool FY1 6NJ3
£155K11/200.31 mi350, Central Drive, Blackpool FY1 6LF3
£75K12/200.31 mi53, Powell Avenue, Blackpool FY4 3HQ3
£78K03/210.31 mi61, Powell Avenue, Blackpool FY4 3HQ3
£85K11/210.31 mi78, Ansdell Road, Blackpool FY1 6PZ3
£95K02/210.32 mi17, Nuttall Road, Blackpool FY1 6NT3
£110K01/210.33 mi117, Watson Road, Blackpool FY4 3EW3
£114K05/230.33 mi111, Watson Road, Blackpool FY4 3EW3
£120K02/210.33 mi149, Watson Road, Blackpool FY4 3EW3
£85K11/200.34 mi38, Hudson Road, Blackpool FY1 6LY3

Local Rents

46 rents from £575/mo to £1.5K/mo, average is £873/mo.

RentDateDistanceAddressBeds 
£57501/240.03 mi-3
£87011/240.12 mi-3
£65011/240.15 mi-3
£75005/240.23 mi-3
£82503/250.24 mi-3
£75005/240.25 miHarcourt Road, Blackpool, FY4 3HW3
£90002/250.26 mi-3
£1,10003/250.27 mi-3
£77504/240.27 miMarsden Road, Blackpool3
£1,20012/240.29 mi-3
£95002/250.29 mi-3
£89502/250.3 mi-3
£95004/240.3 miHarris Avenue, FY1 6NJ3
£77505/240.31 miPowell Avenue, Blackpool, FY4 3HQ3
£85003/250.33 mi-3
£1,25004/240.35 miHudson Road, Blackpool, FY13
£1,25004/240.35 mi-3
£72504/240.36 miAnsdell Road, Blackpool3
£70012/240.36 mi-3
£78004/240.38 mi-3
£75001/250.39 mi-3
£87505/240.4 mi-3
£87503/250.4 mi-3
£75004/240.45 mi-3
£75004/240.45 miDewhurst Avenue, Blackpool, FY43
£75005/240.47 miRangeway Avenue, Blackpool3
£69505/240.47 mi21 Crossland Road3
£99504/240.47 mi-3
£99504/240.47 mi-3
£1,00012/240.47 mi-3
£95005/240.48 mi-3
£95005/240.48 miHaig Road, Blackpool, FY13
£90001/250.51 mi-3
£65005/240.51 miShaw Road, Blackpool3
£75004/240.51 miQueensway, Blackpool3
£79504/240.52 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£82504/240.52 miBoardman Avenue, Blackpool, FY1 6QE3
£1,50002/250.54 mi-3
£89505/240.56 miVicarage Lane, Blackpool, FY43
£89512/240.56 mi-3
£97503/250.56 mi-3
£90004/240.57 mi-3
£1,10004/240.6 mi-3
£1,19504/240.6 miFerndale Avenue, Blackpool, FY43
£80005/240.61 miCunliffe Road, Great Marton, Blackpool, FY13
£79504/240.61 miSt. Edmunds Road, Blackpool3

Local Area Statistics

Population in FY4

43,982

Population in Blackpool

133,713

Town centre distance

1.81 miles away

Nearest school

0.20 miles away

Nearest train station

0.33 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+58%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £45,000

February 24, 2025

Floor Plans

Description

  • Part renovated +
  • 3 bedrooms +
  • Needs finishing off +
  • Immediately available +
  • Investment opportunity +
  • Good rental area +

Property developer? Looking to extend your portfolio, or even looking to start one? This is a great opportunity, at a very realistic starting price, as substantial work has already been carried out.

Offering 3 bedrooms and fabulous investment potential, in a quiet street in a good rental area.

Alternatively, a great opportunity for perhaps a first time buyer who wants to paint their own picture!

Why not have a look? What could YOU do with it?

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Martin & Co, Blackpool

01253 835489

Next Steps?

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