6 Bed HMO, Blackpool, FY1 2PP, £220,000

6 Chesterfield Road, Blackpool, FY1 2 5381603 - 11 days ago

Under Offer
HMO
ROI: 7%
~186 m²
+15 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Room Rate

£358

Gross Rent

£2,148

Running Costs/mo

£1,759

Cashflow/mo

£389

Cashflow/yr

£4,670

ROI

7%

Gross Yield

12%













Property History

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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.