2 Bed Terraced House, Refurb/BRRR, Blackpool, FY3 8HN, £55,000

19 Camden Road, Blackpool FY3 8HN - 8 days ago

Auction
BTL
Refurb/BRRR
ROI: 8%
61 m²
+7 photos

ValuationFair Value

Sold Prices£60.5K - £165K
Sold Prices/m²£604/m² - £2.5K/m²

 

 

Square Metres

61 m²
Price/m²£902/m²

Value Estimate

£55,000

 

 

End Value (After Refurb)

£81,034

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£24,918

Bridging Loan Interest

£1,444

Total Cash In

£45,812

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£81,034

Mortgage (After Refinance)

£60,776

Mortgage LTV

75%

Cash Released

£19,526

Cash Left In

£26,286

Equity

£20,259

Rent Range

£550 - £1,350

Rent Estimate

£721

Running Costs/mo

£417

Cashflow/mo

£304

Cashflow/yr

£3,643

ROI

8%

Gross Yield

16%

Local Sold Prices

50 sold prices from £60.5K to £165K, average is £85K. £604/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£85K12/220.01 mi3, Camden Road, Blackpool FY3 8HN2
£165K07/220.03 mi28, Camden Road, Blackpool FY3 8HN2
£109K11/200.03 mi17, Sussex Road, Blackpool FY3 8HW2
£91K09/210.08 mi10, Brierley Avenue, Blackpool FY3 8HP2
£75K12/200.1 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£80.5K12/200.12 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£90K04/210.12 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.12 mi30, Heathway Avenue, Blackpool FY3 8HE2
£64K02/230.12 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£85K05/210.12 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£85K07/210.15 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230.15 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200.15 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210.15 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210.15 mi38, Drummond Avenue, Blackpool FY3 8EG2
£130K02/230.16 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.16 mi6, Coveway Avenue, Blackpool FY3 8ET2
£105K10/200.17 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£83K03/210.19 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.19 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.19 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.19 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£90K12/220.19 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£100K02/230.19 mi10, Bailey Court, Blackpool FY3 8EU2
£130K05/210.19 mi12, Bailey Court, Blackpool FY3 8EU2
£127K11/210.19 mi6, Bardsway Avenue, Blackpool FY3 8JP2
£103K07/230.19 mi22, Bardsway Avenue, Blackpool FY3 8JP2
£95K03/210.19 mi30, Bardsway Avenue, Blackpool FY3 8JP2
£75K04/230.2 mi29, Ascot Road, Blackpool FY3 8DG2
£72K05/210.21 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.21 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.21 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£102K05/230.21 mi44, Fordway Avenue, Blackpool FY3 8JL2
£110K06/230.21 mi60, Deneway Avenue, Blackpool FY3 8JS2
£62.5K10/200.24 mi1, Laburnum Street, Blackpool FY3 8RP2
£115K05/210.24 mi20, Blairway Avenue, Blackpool FY3 8JT2
£129.5K06/210.25 mi128, Layton Road, Blackpool FY3 8ER2
£129.5K06/210.25 mi128, Layton Road, Blackpool FY3 8ER2
£77.5K03/230.26 mi19, Healey Street, Blackpool FY3 8RW2
£65K04/210.26 mi2, Grenfell Avenue, Blackpool FY3 7BP2
£82.5K03/230.26 mi25, Grenfell Avenue, Blackpool FY3 7BP2
£97.5K02/210.28 mi12, Gisburn Grove, Blackpool FY3 7DA2
£153K01/230.28 mi53, Torsway Avenue, Blackpool FY3 8JZ2
£85.8K11/210.29 mi2, Gisburn Grove, Blackpool FY3 7DA2
£70K05/230.29 mi6, Gisburn Grove, Blackpool FY3 7DA2
£76.5K09/210.3 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.3 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.3 mi6, Heald Street, Blackpool FY3 8BG2
£129.9K04/210.31 mi14, Apple Tree Gardens, Blackpool FY3 8FU2
£139.9K12/200.31 mi10, Apple Tree Gardens, Blackpool FY3 8FU2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£65012/240 mi-2
£80005/240.1 miRathlyn Avenue, Blackpool2
£67504/240.16 mi-2
£69001/250.18 mi-2
£68003/250.2 mi-2
£67504/240.22 miCypress Grove, Blackpool, FY3 8RR2
£65004/240.23 miLaburnum Street, Blackpool, Blackpool2
£60005/240.25 mi-2
£60002/250.25 mi-2
£57512/240.28 mi-2
£67504/240.29 miChester Road, Blackpool, Lancashire, FY32
£62504/240.29 miChester Road, Blackpool2
£75005/240.29 mi-2
£77502/250.29 mi-2
£75004/240.29 miNewton Drive, Blackpool, FY32
£62503/250.29 mi-2
£75012/240.3 mi-2
£62504/240.3 mi-2
£65004/240.32 miWilford Street, Blackpool2
£64005/240.32 mi-2
£65005/240.32 mi-2
£62504/240.33 mi-2
£1,35001/240.33 mi-2
£1,35001/250.33 mi-2
£80012/240.35 mi-2
£80002/250.35 mi-2
£80006/240.35 mi-2
£80005/240.35 miNewton Drive, Blackpool, FY32
£70012/240.35 mi-2
£62504/240.37 mi-2
£75003/250.39 mi-2
£77505/240.41 miWhitley Avenue, Blackpool, Lancashire, FY32
£67504/240.44 miMelrose Avenue, Blackpool, Lancashire, FY32
£65004/240.49 mi-2
£69502/240.49 mi-2
£66503/240.49 mi-2
£66505/240.49 mi-2
£67503/250.49 mi-2
£66504/240.49 miCoopers Way, Blackpool, FY12
£66504/240.49 miCoopers Way, Blackpool, FY12
£67504/240.5 mi-2
£99503/250.51 mi-2
£77502/250.51 mi-2
£70002/250.56 mi-2
£63502/250.56 mi-2
£57505/240.57 miDanesbury Place, BLACKPOOL, FY1 3LX2
£75004/240.57 mi-2
£55003/250.58 mi-2
£82512/240.58 mi-2
£75002/250.58 mi-2

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

1 miles away

Nearest school

0.30 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £55,000

March 26, 2025

Description

  • Council Tax Band: A +
  • Two bedrooms +
  • Close proximity to Blackpool Town Centre +
  • Ideal potential buy to let investment opportunity +
  • EPC Rating: D +

For sale by Unconditional Online Auction. A two-bedroom, mid-terrace property in Blackpool.

The property is situated less than a mile from Blackpool Town Centre with all necessary amenities and services nearby including shops, schools and transport links.

There are a number of attractions and a selection of pubs, bars and eateries in the local area, along with Blackpool Victoria Hospital which is just over a mile from the property. The property requires some modernisation/improvements and would suit well as a potential buy to let investment.

Construction Material: Cavity wall, filled cavity
Broadband: Standard - 16 mbps, Superfast - 66 mbps and Ultrafast - 1000 mbps available
Mobile Phone Coverage: O2, EE, Three and Vodafone available
Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Draft Sales Details These sales details are awaiting vendor approval. Tenure: Freehold EPC Rating: D Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Agent Details

SDL Property Auctions, Nationwide

08000 465454

Next Steps?

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