6 Bed HMO, Blackpool, FY1 5BG, £80,000

Yorkshire Street, Blackpool, Lancashire, FY1 5BG - 12 views - 15 days ago

Auction
HMO
Refurb/BRRR
ROI: 16%
~186 m²
+12 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Refurb Costs

£76,000

Bridging Loan Interest

£2,100

Total Cash In

£105,050

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,265

Mortgage (After Refinance)

£114,199

Mortgage LTV

75%

Cash Released

£54,199

Cash Left In

£50,851

Equity

£38,066

Room Rate

£516

Gross Rent

£3,096

Running Costs/mo

£1,735

Cashflow/mo

£1,361

Cashflow/yr

£16,338

ROI

16%

Gross Yield

46%













Property History

Listed for £80,000

March 15, 2025

Floor Plans

Description

  • Potential HMO Investment +
  • Modern Method of Auction +
  • 6 Bedroom Terraced House +
  • Buyers Fees Apply +
  • Please Call The Office Now! +

Spacious Six-Bedroom Terraced House - Potential HMO with Investment Potential

Set across three floors, the property provides ample living space, with six well-sized bedrooms, multiple bathrooms and a generous communal kitchen/dining area. The layout offers versatility, making it ideal for investors or those seeking a large family home.

Located in an area close to local amenities, transport links which offers strong rental potential. With scope for renovation and the option to for HMO license, this is a fantastic opportunity for investors or those needing extensive living space.

Viewing is highly recommended!

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided. The buyer will pay £300 inc 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 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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. These services are optional.

Agent Details

Entwistle Green, Blackpool

01253 835054

Next Steps?

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

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