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6 Bed HMO, Blackpool, FY1 5BG £80,000


ValuationFair Value
| Sold Prices | £87.5K - £340K |
| Sold Prices/m² | £913/m² - £2.2K/m² |
| |
Square Metres | ~139.30 m² |
| Price/m² | £574/m² |
Value Estimate | £80,800 |
| |
End Value (After Refurb) | £131,455 |
Uplift in Value | +64% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £20,000 |
Stamp Duty & Legal Fees | £5,200 |
Refurb Costs | £62,359 |
Bridging Loan Interest | £2,100 |
Total Cash In | £91,409 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £131,455 |
Mortgage (After Refinance) | £98,591 |
Mortgage LTV | 75% |
Cash Released | £38,591 |
Cash Left In | £52,818 |
Equity | £32,864 |
Room Rate | £503 |
Gross Rent | £3,018 |
Running Costs/mo | £1,646 |
Cashflow/mo | £1,372 |
Cashflow/yr | £16,466 |
ROI | 18% |
Gross Yield | 45% |
Local Sold Prices
7 sold prices from £87.5K to £340K, average is £132K. £913/m² to £2.2K/m², average is £1.2K/m².
Local Area Statistics
Population in FY1 | 33,503 |
Population in Blackpool | 133,713 |
Town centre distance | 1.85 miles away |
Nearest school | 0.40 miles away |
Nearest train station | 0.81 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +24% |
Sales demand | Balanced market |
Capital growth (5yrs) | +32% |
Property History
Listed for £80,000
March 15, 2025
Floor Plans
Description
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