3 Bed Terraced House, Single Let, Blackpool, FY1 5BZ, £45,000

Little Retreat , 36 Princess Street, Blackpool, Lancashire FY1 5BZ - 20 days ago

Auction
BTL
ROI: 27%
~93 m²

ValuationUndervalued

Sold Prices£60K - £155K
Sold Prices/m²£559/m² - £1.6K/m²

 

 

Square Metres

~93 m²
Price/m²£484/m²

Value Estimate

£54,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£11,250

Stamp Duty & Legal Fees

£3,450

Total Cash In

£14,700

 

 

Cash Out

 

Rent Range

£700 - £2,000

Rent Estimate

£614

Running Costs/mo

£283

Cashflow/mo

£331

Cashflow/yr

£3,967

ROI

27%

Gross Yield

16%

Local Sold Prices

50 sold prices from £60K to £155K, average is £100.5K. £559/m² to £1.6K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£80K11/210.21 mi82, Erdington Road, Blackpool FY1 5EH3
£83.5K04/230.24 mi96, Erdington Road, Blackpool FY1 5EL3
£110K10/220.32 mi26, Livingstone Road, Blackpool FY1 4BZ3
£108K02/230.33 mi18, Westmorland Avenue, Blackpool FY1 5LG3
£95K11/210.34 mi9, Queen Victoria Road, Blackpool FY1 5LF3
£96K04/210.34 mi32, Wellington Road, Blackpool FY1 6AR3
£90K10/210.38 mi58, Grasmere Road, Blackpool FY1 5PQ3
£60K08/210.39 mi5, Henry Street, Blackpool FY1 5JG3
£88K01/230.42 mi21, Amberbanks Grove, Blackpool FY1 6DW3
£125K01/230.44 mi159, Park Road, Blackpool FY1 4ET3
£120K04/230.44 mi151, Park Road, Blackpool FY1 4ET3
£140K06/230.46 mi36, Queen Victoria Road, Blackpool FY1 5JY3
£100K01/230.47 mi86, Lune Grove, Blackpool FY1 5PH3
£80K01/230.47 mi27, Wyre Grove, Blackpool FY1 5PW3
£88K07/210.47 mi5, Levens Grove, Blackpool FY1 5LA3
£95K05/210.47 mi130, Park Road, Blackpool FY1 4ES3
£101K02/210.48 mi127, Westmorland Avenue, Blackpool FY1 5PF3
£150K11/220.49 mi27, Blenheim Avenue, Blackpool FY1 4ER3
£98.5K07/210.49 mi21, Saville Road, Blackpool FY1 6JP3
£125K10/210.49 mi14, Bela Grove, Blackpool FY1 5JZ3
£75K12/200.51 mi26, Levens Grove, Blackpool FY1 5PP3
£93K12/200.51 mi60, Queen Victoria Road, Blackpool FY1 5JX3
£132.5K06/210.51 mi57, Blenheim Avenue, Blackpool FY1 4ER3
£98K12/200.51 mi28, Blenheim Avenue, Blackpool FY1 4ER3
£119K12/200.51 mi41, Blenheim Avenue, Blackpool FY1 4ER3
£118K09/210.51 mi29, Blenheim Avenue, Blackpool FY1 4ER3
£120K01/230.52 mi26, Blenheim Avenue, Blackpool FY1 4ER3
£97.5K09/210.52 mi7, Maudland Road, Blackpool FY1 6JQ3
£124K12/200.53 mi52, Bela Grove, Blackpool FY1 5PR3
£124K12/200.53 mi52, Bela Grove, Blackpool FY1 5PR3
£85K01/210.53 mi162, Park Road, Blackpool FY1 5QN3
£88K02/230.53 mi17, Bela Grove, Blackpool FY1 5PR3
£122K10/210.54 mi9, Falmouth Road, Blackpool FY1 6LH3
£123K04/230.54 mi62, Cumberland Avenue, Blackpool FY1 5QH3
£114.5K03/230.54 mi43, Cumberland Avenue, Blackpool FY1 5QH3
£120K07/210.55 mi70, Queen Victoria Road, Blackpool FY1 5JT3
£97.5K03/210.57 mi18, Shetland Road, Blackpool FY1 6LP3
£105K01/230.57 mi11, Shetland Road, Blackpool FY1 6LP3
£110K02/230.58 mi5, Shetland Road, Blackpool FY1 6LP3
£77K11/220.59 mi28, Rose Avenue, Blackpool FY1 5NU3
£72.5K02/230.59 mi46, Haig Road, Blackpool FY1 6BZ3
£88K05/230.59 mi48, Haig Road, Blackpool FY1 6BZ3
£95K02/210.59 mi70, Condor Grove, Blackpool FY1 5LT3
£146K08/210.61 mi24, Durley Road, Blackpool FY1 6LX3
£95K01/210.61 mi10, Durley Road, Blackpool FY1 6LX3
£119.5K12/200.61 mi194, Park Road, Blackpool FY1 5QS3
£155K11/200.61 mi350, Central Drive, Blackpool FY1 6LF3
£105K11/210.62 mi109, Grasmere Road, Blackpool FY1 5NQ3
£99K06/210.62 mi99, Grasmere Road, Blackpool FY1 5NQ3
£118K03/230.62 mi109, Grasmere Road, Blackpool FY1 5NQ3

Local Rents

25 rents from £700/mo to £2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,10004/240.03 miPrincess Street3
£82504/240.09 miBickerstaffe Street, Blackpool3
£70004/240.11 miFlat 2, 16 Coop Street3
£77504/240.21 miErdington Road, Blackpool3
£1,20003/250.31 mi-3
£72504/240.35 miHarrison Street, Blackpool, Lancashire, FY13
£2,00002/250.37 mi-3
£2,00002/250.37 mi-3
£1,73302/250.41 mi-3
£1,10004/240.46 mi92 Grasmere Road3
£1,10005/240.47 mi-3
£82504/240.47 miWyre Grove, Blackpool3
£1,00012/240.51 mi-3
£90002/250.51 mi-3
£80004/240.53 miPark Road, Blackpool, FY1 5QN3
£95001/250.53 mi-3
£79504/240.56 miAnsdell Road, Blackpool, Lancashire, FY15LX3
£90004/240.57 miSouth King Street, Blackpool3
£80005/240.58 mi-3
£80005/240.58 mi-3
£1,50003/250.59 mi-3
£95005/240.6 miHaig Road, Blackpool, FY13
£95005/240.6 mi-3
£90001/250.6 mi-3
£89502/250.62 mi-3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.81 miles away

Nearest school

0.30 miles away

Nearest train station

0.77 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £45,000

March 19, 2025

Description

  • A Three Bedroom End Terrace House +
  • In Need Of Refurbishment +
  • Ideal Investment +
  • Buy To Let Property +
  • Two Reception Rooms +

Online auction 15th - 16th April 2025 A Vacant Three Bedroom End Terrace House In Need of Refurbishment The property comprises: Hallway, Two reception rooms, kitchen and downstairs shower room. First floor - three bedrooms, Bathroom and stairs leading to a loft room. IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding. Tenure: Freehold EPC Rating: F Administration Fee: 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts. Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, Fulwood

01772 286883

Next Steps?

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