6 Bed HMO, Blackpool, FY1 2PP £175,000

Chesterfield Road, Blackpool, FY1 2PP - 2 views - 8 months ago

HMO

ROI: 12%

~186 m²

+1 photos

ValuationUndervalued

Sold Prices	£87.5K - £1.0M
Sold Prices/m²	£913/m² - £2.2K/m²

Square Metres	~186 m²
Price/m²	£941/m²
Value Estimate	£218,750£218,750
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£43,750£43,750
Stamp Duty & Legal Fees	£10,950£10,950
Total Cash In	£54,700£54,700

Cash Out
Room Rate	£358£358
Gross Rent	£2,148
Running Costs/mo	£1,604£1,604
Cashflow/mo	£544£544
Cashflow/yr	£6,527£6,527
ROI	12%12%
Gross Yield	15%15%

Local Sold Prices

9 sold prices from £87.5K to £1.0M, average is £167.5K. £913/m² to £2.2K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£132K	12/22	0.84 mi	84, Regent Road, Blackpool FY1 4NB	-	-	6	Terraced House
£315K	11/22	0.93 mi	149, Hornby Road, Blackpool FY1 4JG	£1,245	253	6	Semi-Detached House
£167.5K	12/22	1.17 mi	103, Newton Drive, Blackpool FY3 8LZ	-	-	6	Semi-Detached House
£110K	07/25	1.56 mi	29, Lonsdale Road, Blackpool FY1 6EE	-	-	6	Terraced House
£87.5K	07/21	1.59 mi	7, Clarendon Road, Blackpool FY1 6EF	-	-	6	Terraced House
£115K	03/25	1.59 mi	7, Clarendon Road, Blackpool FY1 6EF	£913	126	6	Terraced House
£340K	08/21	2.34 mi	20, Windermere Road, Blackpool FY4 2BX	£2,196	155	6	Semi-Detached House
£1.0M	02/23	2.6 mi	314, Hardhorn Road, Poulton-le-fylde, Lancashire FY6 8DH	£2,136	468	6	Detached House
£550K	06/21	2.79 mi	23, Lockwood Avenue, Poulton-le-fylde, Lancashire FY6 7AB	-	-	6	Detached House

Local Area Statistics

Population in FY1	33,50333,503
Population in Blackpool	133,713133,713
Town centre distance	1.81 miles away1.81 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.42 miles away0.42 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+24%+24%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+32%+32%

Property History

Price changed to £175,000

May 19, 2025

Listed for £220,000

March 19, 2025

Description

Buy-to-Let Opportunity +
Tenants Currently Situated +
Fantastic Rental Returns +
HMO Investment +
Likely to attract enquiries from Serious Investors & Developers. +
INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

A 6 bedroom Mid Terraced House located in Blackpool currently being occupied as a HMO. There are various valuable amenities within walking distance of the property and it is able to generate fantastic rental returns.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The property features 6 bedrooms, lounge, kitchen, bathroom and has several tenants currently situated.

Investment details

It currently produces an annual gross income of £25,740. Considering the purchase price, this will make for a worthwhile addition to an investors 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.

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 buyers 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 💪

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