2 Bed Terraced House, Single Let, Blackpool, FY3 8ES, £92,500

116 Layton Road, Blackpool, FY3 8ES - 25 days ago

Auction
BTL
ROI: 9%
65 m²
+14 photos

ValuationOvervalued

Sold Prices£60.5K - £243K
Sold Prices/m²£904/m² - £2.5K/m²

 

 

Square Metres

65 m²
Price/m²£1.4K/m²

Value Estimate

£86,243

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,125

Stamp Duty & Legal Fees

£5,825

Total Cash In

£28,950

 

 

Cash Out

 

Rent Range

£550 - £1,350

Rent Estimate

£660

Running Costs/mo

£441

Cashflow/mo

£219

Cashflow/yr

£2,627

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £60.5K to £243K, average is £85K. £904/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£130K02/230.02 mi6, Coveway Avenue, Blackpool FY3 8ET2
£86K12/200.02 mi6, Coveway Avenue, Blackpool FY3 8ET2
£100K02/230.05 mi10, Bailey Court, Blackpool FY3 8EU2
£130K05/210.05 mi12, Bailey Court, Blackpool FY3 8EU2
£90K04/210.08 mi33, Heathway Avenue, Blackpool FY3 8HE2
£91K06/210.08 mi30, Heathway Avenue, Blackpool FY3 8HE2
£75K04/230.11 mi29, Ascot Road, Blackpool FY3 8DG2
£129.5K06/210.11 mi128, Layton Road, Blackpool FY3 8ER2
£129.5K06/210.11 mi128, Layton Road, Blackpool FY3 8ER2
£85K12/220.14 mi3, Camden Road, Blackpool FY3 8HN2
£129.9K04/210.16 mi14, Apple Tree Gardens, Blackpool FY3 8FU2
£139.9K12/200.16 mi10, Apple Tree Gardens, Blackpool FY3 8FU2
£165K07/220.17 mi28, Camden Road, Blackpool FY3 8HN2
£109K11/200.17 mi17, Sussex Road, Blackpool FY3 8HW2
£127K11/210.2 mi6, Bardsway Avenue, Blackpool FY3 8JP2
£103K07/230.2 mi22, Bardsway Avenue, Blackpool FY3 8JP2
£95K03/210.2 mi30, Bardsway Avenue, Blackpool FY3 8JP2
£102K05/230.2 mi44, Fordway Avenue, Blackpool FY3 8JL2
£91K09/210.22 mi10, Brierley Avenue, Blackpool FY3 8HP2
£110K06/230.25 mi60, Deneway Avenue, Blackpool FY3 8JS2
£75K12/200.25 mi19, Rathlyn Avenue, Blackpool FY3 8ED2
£75K01/230.25 mi53, Manchester Road, Blackpool FY3 8DN2
£83K02/230.26 mi60, Manchester Road, Blackpool FY3 8DN2
£83K07/230.26 mi27, Manchester Road, Blackpool FY3 8DN2
£85K08/210.26 mi3, Manchester Road, Blackpool FY3 8DN2
£80.5K12/200.27 mi21, Larbreck Avenue, Blackpool FY3 8EF2
£64K02/230.27 mi19, Larbreck Avenue, Blackpool FY3 8EF2
£85K05/210.27 mi32, Broughton Avenue, Blackpool FY3 8EQ2
£86K12/220.28 mi5, Glenwood Street, Blackpool FY3 8BU2
£105K10/200.29 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£115K05/210.29 mi20, Blairway Avenue, Blackpool FY3 8JT2
£85K07/210.3 mi42, Drummond Avenue, Blackpool FY3 8EG2
£80K06/230.3 mi7, Drummond Avenue, Blackpool FY3 8EG2
£80K11/200.3 mi70, Drummond Avenue, Blackpool FY3 8EG2
£77.5K04/210.3 mi62, Drummond Avenue, Blackpool FY3 8EG2
£82.5K03/210.3 mi38, Drummond Avenue, Blackpool FY3 8EG2
£243K03/210.32 mi133, Newton Drive, Blackpool FY3 8LZ2
£62.5K10/200.32 mi1, Laburnum Street, Blackpool FY3 8RP2
£72K05/210.33 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.33 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.33 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£83K03/210.34 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£84.5K03/210.34 mi5, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.34 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£83K03/210.34 mi31, Broughton Avenue, Blackpool FY3 8EQ2
£76.5K09/210.34 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.34 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.34 mi6, Heald Street, Blackpool FY3 8BG2
£90K12/220.34 mi26, Broughton Avenue, Blackpool FY3 8EQ2
£77.5K03/230.34 mi19, Healey Street, Blackpool FY3 8RW2

Local Rents

50 rents from £550/mo to £1.4K/mo, average is £698/mo.

RentDateDistanceAddressBeds 
£65012/240.15 mi-2
£75005/240.19 mi-2
£77502/250.19 mi-2
£75004/240.19 miNewton Drive, Blackpool, FY32
£80012/240.2 mi-2
£80003/250.2 mi-2
£80006/240.2 mi-2
£80005/240.2 miNewton Drive, Blackpool, FY32
£1,35001/240.24 mi-2
£1,35001/250.24 mi-2
£70012/240.24 mi-2
£80005/240.25 miRathlyn Avenue, Blackpool2
£62504/240.26 mi-2
£77505/240.27 miWhitley Avenue, Blackpool, Lancashire, FY32
£67504/240.3 mi-2
£67504/240.31 miCypress Grove, Blackpool, FY3 8RR2
£65004/240.32 miLaburnum Street, Blackpool, Blackpool2
£57512/240.32 mi-2
£67504/240.32 miChester Road, Blackpool, Lancashire, FY32
£69001/250.33 mi-2
£62504/240.33 miChester Road, Blackpool2
£60005/240.33 mi-2
£60003/250.33 mi-2
£75012/240.33 mi-2
£62503/250.34 mi-2
£62504/240.34 mi-2
£68004/250.35 mi-2
£65004/240.38 mi-2
£70004/250.38 mi-2
£75003/250.41 mi-2
£67504/240.41 mi-2
£75004/240.42 mi-2
£82512/240.43 mi-2
£75002/250.43 mi-2
£99504/250.44 mi-2
£77502/250.44 mi-2
£65004/240.47 miWilford Street, Blackpool2
£70002/250.47 mi-2
£64005/240.47 mi-2
£65005/240.47 mi-2
£62504/240.47 mi-2
£57505/240.48 miDanesbury Place, BLACKPOOL, FY1 3LX2
£75004/240.49 miHornby Road, Blackpool2
£55003/250.5 mi-2
£72504/240.54 miReads Avenue, Blackpool, Lancashire, FY12
£60004/240.54 miFlat B,164 Reads Avenue, Blackpool, Lancashire, FY12
£69502/240.57 mi-2
£82501/250.57 mi-2
£82502/250.57 mi-2
£66504/240.57 miCoopers Way, Blackpool, FY12

Local Area Statistics

Population in FY3

31,569

Population in Blackpool

133,713

Town centre distance

0.95 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £92,500

April 2, 2025

Floor Plans

Description

  • For Sale by Online Auction +
  • Ready-Made Investment Opportunity +
  • Current Rental Income £660 PCM +
  • 8.5% Yield (based on starting price/current rent) +
  • Convenient for Blackpool Victoria Hospital & Stanley Park +
  • Modern Kitchen & Bathroom Suite +
  • Ideal First Time (if Vacant in the Future) +
  • Good Sized Easy Maintenance Gardens +
  • Likely to Sell Quickly +
  • Viewings Available in Person or via our 360 Virtual Tour +

For Sale by Online Auction with a Starting Bid of £92,500. Terms & Conditions Apply. See WebbMove for all the Auction Details.

A spacious two bedroom garden terraced house which is a READY-MADE BUY-TO-LET INVESTMENT OPPORTUNITY, the current rental income is £660 PCM, making the rental yield 8.5% based on the current price. The property is situated in a popular residential location, within easy reach of Blackpool Victoria Hospital and Stanley Park. If the property were ever to become vacant, it would likely appeal to first time buyers. Briefly comprises; lounge, modern kitchen, modern bathroom suite, good sized bedrooms and gardens to the front and rear which are both easy maintenance. Viewings are available either in person or via our 360 virtual tour.  

ENTRANCE 4' 0" x 3' 10" (1.22m x 1.17m)  

SPACIOUS LOUNGE 13' 3" x 11' 5" (4.04m x 3.48m)  

MODERN KITCHEN DINER 8' 4" x 14' 7" (2.54m x 4.44m)  

LANDING  

LARGE FRONT BEDROOM (POTENTIAL TO BE SPLIT INTO 2) 10' 5" x 10' 6" (3.18m x 3.2m)  

BEDROOM TWO 11' 5" x 7' 0" (3.48m x 2.13m)  

BATHROOM 8' 4" x 7' 2" (2.54m x 2.18m)  

GARDENS Easy maintenance gardens to the front and rear. 

COVERAGE BROADBAND

We are advised that the property can obtain Fibre to the Premises (FTTP)

MOBILE DATA

We are advised that you are likely to have mobile coverage

We would suggest that you also make your own enquiries as to Mobile Data coverage

AUCTION INFORMATION This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 30th April 2025. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to SELL by AUCTION rather than BUY? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.

Agent Details

Tiger Sales & Lettings, Blackpool

01253 835609

Next Steps?

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