2 Bed Terraced House, Single Let, Blackpool, FY2 0RH, £85,000

Kylemore Avenue, Blackpool, FY2 0RH - a month ago

BTL
ROI: 8%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£80K - £296K
Sold Prices/m²£1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£114,171
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,950

Total Cash In

£27,200

 

 

Cash Out

 

Rent Range

£542 - £825

Rent Estimate

£635

Running Costs/mo

£413

Cashflow/mo

£222

Cashflow/yr

£2,669

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £80K to £296K, average is £123K. £1K/m² to £3.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£110K10/220.08 mi6, Headfort Close, Blackpool FY2 0RX2
£80K11/210.1 mi39, Ardmore Road, Blackpool FY2 0RU2
£90K02/210.1 mi14, Ardmore Road, Blackpool FY2 0RU2
£105K11/220.1 mi31, Ardmore Road, Blackpool FY2 0RU2
£95K08/210.1 mi41, Ardmore Road, Blackpool FY2 0RU2
£106K10/220.1 mi45, Ardmore Road, Blackpool FY2 0RU2
£112.5K03/230.11 mi25, Normandie Avenue, Blackpool FY2 0LE2
£130K03/230.11 mi15, Normandie Avenue, Blackpool FY2 0LE2
£296K09/210.21 mi28, Ashley Close, Blackpool FY2 0RF2
£285K11/210.21 mi14, Ashley Close, Blackpool FY2 0RF2
£216K07/230.21 mi17, Ashley Close, Bispham, Blackpool FY2 0RF2
£137K04/230.26 mi1, Hurstwood Drive, Blackpool FY2 0WU2
£105K11/200.29 mi34, Toronto Avenue, Blackpool FY2 0PB2
£214K12/200.38 mi9, Hilstone Lane, Blackpool FY2 0SJ2
£207.5K12/220.4 mi164, Warbreck Hill Road, Blackpool FY2 0SL2
£250K04/230.47 mi546, Devonshire Road, Bispham, Blackpool FY2 0JT2
£112K11/200.48 mi27, Armadale Road, Blackpool FY2 0SW2
£245K07/220.49 mi14, Salop Avenue, Bispham, Blackpool FY2 9NB2
£205K08/210.52 mi122, Warbreck Drive, Blackpool FY2 9PN2
£105K02/210.52 mi54, Bryning Avenue, Blackpool FY2 9LZ2
£107K11/200.52 mi42, Blackpool Road, Blackpool FY2 0HT2
£135K07/230.53 mi14, Elmridge Crescent, Blackpool FY2 0NQ2
£115K01/230.53 mi414, Warley Road, Blackpool FY2 0SS2
£116K12/200.53 mi41, Bryning Avenue, Bispham, Blackpool FY2 9LU2
£155K07/230.54 mi14, Cranleigh Avenue, Bispham, Blackpool FY2 9LG2
£250K06/220.57 mi592, Devonshire Road, Bispham, Blackpool FY2 0JU2
£180K07/220.58 mi16, Landseer Avenue, Bispham, Blackpool FY2 9EF2
£120K08/210.58 mi6, Chive Close, Blackpool FY2 0WF2
£123K09/210.58 mi175, Holmfield Road, Blackpool FY2 9PU2
£115K08/210.58 mi82, Ashfield Road, Blackpool FY2 0DJ2
£85K11/210.58 mi20, Ashfield Road, Blackpool FY2 0DJ2
£98K07/230.58 mi26, Ashfield Road, Bispham, Blackpool FY2 0DJ2
£125K10/220.59 mi121, Cavendish Road, Bispham, Blackpool FY2 9NJ2
£123K03/230.6 mi24, Coriander Close, Blackpool FY2 0WE2
£118K02/230.6 mi33, Coriander Close, Blackpool FY2 0WE2
£238K09/210.6 mi12, Duchess Drive, Blackpool FY2 9PQ2
£230K01/230.6 mi18, Duchess Drive, Bispham, Blackpool FY2 9PQ2
£142K12/220.6 mi24, Holly Road, Blackpool FY1 2SF2
£238K11/210.6 mi9, Lowther Avenue, Bispham, Blackpool FY2 9PA2
£165K02/230.62 mi290, Warley Road, Blackpool FY2 0UJ2
£114K06/230.63 mi12, Blackpool Road, Bispham, Blackpool FY2 0HR2
£115K06/230.63 mi6, Blackpool Road, Bispham, Blackpool FY2 0HR2
£94K12/220.64 mi27, Knowle Avenue, Blackpool FY2 9TJ2
£97.3K12/200.64 mi35, Raymond Avenue, Blackpool FY2 0TY2
£125K01/230.65 mi282, Warley Road, Blackpool FY2 0UG2
£123K07/210.65 mi31, Benson Road, Blackpool FY3 7HP2
£105K12/220.72 mi7, Oregon Avenue, Blackpool FY3 7JU2
£163.5K02/210.72 mi38, Cambray Road, Blackpool FY1 2LX2
£155K02/210.72 mi30, Cambray Road, Blackpool FY1 2LX2
£157K11/200.72 mi22, Cambray Road, Blackpool FY1 2LX2

Local Rents

24 rents from £542/mo to £825/mo, average is £613/mo.

RentDateDistanceAddressBeds 
£70004/240.1 miArdmore Road, Blackpool, Lancashire, FY22
£75005/240.26 miHurstwood Drive, Bispham, FY2 0WU2
£69504/240.33 miMunster Avenue, Blackpool, FY2 0HG2
£60004/240.49 miChelsea Avenue, Blackpool2
£60004/240.49 miChelsea Avenue, Blackpool2
£57504/240.49 miChelsea Avenue, Blackpool2
£65003/250.53 mi-2
£65004/240.53 mi-2
£60004/240.54 miHolyoake Avenue, Blackpool, Lancashire, FY22
£65004/250.54 mi-2
£60012/230.54 mi-2
£82505/240.55 miGoodwood Avenue, Blackpool, Lancashire, FY22
£54202/240.57 mi-2
£58505/240.57 miBispham Road, Blackpool, FY22
£58505/240.57 miBispham Road, Blackpool, FY22
£58506/240.57 miBispham Road, Blackpool, FY22
£58505/240.57 mi-2
£58505/240.57 mi-2
£58506/240.57 mi-2
£72504/240.6 miCoriander Close, Blackpool, Lancashire, FY22
£62511/230.62 mi-2
£69505/240.62 mi-2
£69504/240.62 miPembroke Court, Blackpool, FY22
£79504/240.62 mi162 Queens Promenade, Bispham, Blackpool2

Local Area Statistics

Population in FY2

24,589

Population in Blackpool

133,713

Town centre distance

2.11 miles away

Nearest school

0.40 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+50%

Sales demand

Balanced market

Capital growth (5yrs)

+18%

Property History

Price changed to £85,000

March 28, 2025

Listed for £95,000

March 13, 2025

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Three Piece Bathroom +
  • Well Maintained Property +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom mid terraced house located in Blackpool. It is near valuable amenities, can generate rewarding rental returns, and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a lounge, a kitchen, a water closet, and a bathroom.

Investment details

It currently produces an annual gross income of £7,620, which could be increased by the new owner to a market rate of £9,048 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not intend to move out, so they hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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