7 Bed Terraced House, Cash/Bridging Only, Blackpool, FY1 4LN, £135,000

Adelaide Street, Blackpool, FY1 4LN - 7 views - 10 months ago

Cash
ROI: 1%
~217 m²
+17 photos

ValuationFair Value

Sold Prices£70K - £450K
Sold Prices/m²£560/m² - £4K/m²

 

 

Square Metres

~217 m²
Price/m²£622/m²

Value Estimate

£137,700

 

 

End Value (After Refurb)

£203,848

Uplift in Value

+51%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Refurb Costs

£88,667

Bridging Loan Interest

£3,544

Total Cash In

£135,860

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,848

Mortgage (After Refinance)

£152,886

Mortgage LTV

75%

Cash Released

£51,636

Cash Left In

£84,224

Equity

£50,962

Rent Range

£500 - £2,000

Rent Estimate

£949

Running Costs/mo

£847

Cashflow/mo

£102

Cashflow/yr

£1,226

ROI

1%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £450K, average is £156.3K. £560/m² to £4K/m², average is £947/m².

PriceDateDistanceAddressBeds 
£95K07/230.06 mi144, Adelaide Street, Blackpool FY1 4LU4
£210K08/210.14 mi67, Park Road, Blackpool FY1 4JQ4
£167K09/210.21 mi45, Lincoln Road, Blackpool FY1 4HA4
£155K05/230.21 mi33, Lincoln Road, Blackpool FY1 4HA4
£250K12/220.24 mi16, Leamington Road, Blackpool FY1 4EZ4
£110.1K02/210.25 mi22, Longton Road, Blackpool FY1 4HW4
£93K10/210.29 mi49, Elizabeth Street, Blackpool FY1 3JF4
£160K05/230.38 mi7, Bennett Avenue, Blackpool FY1 4DP4
£132.5K01/210.4 mi15, Leeds Road, Blackpool FY1 4HQ4
£129.9K06/210.42 mi133, Park Road, Blackpool FY1 4ET4
£230K07/210.42 mi172, Reads Avenue, Blackpool FY1 4JD4
£200K10/210.42 mi194, Reads Avenue, Blackpool FY1 4JD4
£230K07/210.42 mi172, Reads Avenue, Blackpool FY1 4JD4
£85K05/210.45 mi229, Palatine Road, Blackpool FY1 4DX4
£100K11/210.46 mi17, Devonshire Road, Blackpool FY3 8DS4
£117.7K02/230.46 mi44, Whitegate Drive, Blackpool FY3 9AL4
£70K05/210.47 mi30, Kent Road, Blackpool FY1 5HB4
£70.5K02/210.47 mi15, Erdington Road, Blackpool FY1 5EG4
£75K02/210.47 mi30, Erdington Road, Blackpool FY1 5EG4
£78.5K05/230.52 mi25, Rydal Avenue, Blackpool FY1 4AR4
£79K07/210.54 mi2, Chadwick Street, Blackpool FY1 5EJ4
£157.5K03/210.55 mi34, Newton Drive, Blackpool FY3 8BY4
£98K12/200.61 mi11, South Square, Blackpool FY3 8AJ4
£75K10/210.62 mi227, Central Drive, Blackpool FY1 5HX4
£173K11/210.62 mi35, Kensington Road, Blackpool FY3 9DU4
£125K08/210.62 mi3, Kensington Road, Blackpool FY3 9DU4
£245K01/210.64 mi153, Whitegate Drive, Blackpool FY3 9ER4
£215K11/200.64 mi145, Whitegate Drive, Blackpool FY3 9ER4
£120K11/200.66 mi12, Collingwood Avenue, Blackpool FY3 8BZ4
£179.9K06/230.66 mi13, Gorse Road, Blackpool FY3 9ED4
£79K07/210.68 mi11, Hawthorn Road, Blackpool FY1 2RE4
£209K08/230.68 mi19, Ridgwood Avenue, Blackpool FY3 8EL4
£115K11/210.69 mi63, Sherbourne Road, Blackpool FY1 2PQ4
£390K08/230.69 mi43, Forest Gate, Blackpool FY3 9BA4
£200K07/210.69 mi47, Forest Gate, Blackpool FY3 9BA4
£235K04/210.69 mi45, Forest Gate, Blackpool FY3 9BA4
£175K01/230.7 mi76, Newton Drive, Blackpool FY3 8EP4
£130K02/210.7 mi13, Westwood Avenue, Blackpool FY3 9DW4
£192.5K12/200.72 mi18, West Park Drive, Blackpool FY3 9DN4
£115K10/210.73 mi51, Sherbourne Road, Blackpool FY1 2PJ4
£420K11/200.77 mi11, St Josephs Close, Blackpool FY3 8LU4
£227K11/220.78 mi7, Coopers Way, Blackpool FY1 3RJ4
£450K07/220.84 mi12, St Clements Avenue, Blackpool FY3 8LT4
£143K01/210.85 mi281, Talbot Road, Blackpool FY3 7AZ4
£270K06/210.85 mi90, West Park Drive, Blackpool FY3 9HU4
£245K04/230.85 mi80, West Park Drive, Blackpool FY3 9HU4
£102K05/230.85 mi9, Sherbourne Road, Blackpool FY1 2PW4
£260K11/210.88 mi39, Knowsley Avenue, Blackpool FY3 9HP4
£115K12/200.89 mi3, Thirsk Grove, Blackpool FY1 5NH4
£399.9K06/220.91 mi16, Milton Avenue, Blackpool FY3 8LY4

Local Rents

46 rents from £500/mo to £2K/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£90004/240.05 miSouth King Street, Blackpool3
£69504/250.13 mi-3
£1,50003/250.17 mi-3
£70004/240.19 miPeter Street, Blackpool, FY1 3LT3
£90002/250.28 mi-3
£2,00002/250.31 mi-3
£2,00002/250.31 mi-3
£75004/240.32 miCaunce Street, Blackpool3
£1,20004/250.32 mi-3
£65004/250.33 mi-3
£65006/240.33 mi-3
£85001/250.35 mi-3
£1,25002/250.39 mi-4
£80005/240.4 mi-3
£80005/240.4 mi-3
£72501/250.42 mi-3
£72501/250.42 mi-3
£1,20003/250.42 mi-4
£1,05004/250.43 mi-3
£85012/240.43 mi-4
£90005/240.47 mi57 Gainsborough Road, Blackpool. FY1 4DZ3
£80004/240.47 miSelbourne Road, Blackpool, Lancashire, FY13
£95004/240.47 mi-4
£70004/240.48 miFlat 2, 16 Coop Street3
£77505/240.48 miHardman Street, Blackpool3
£50012/240.48 mi-3
£75005/240.48 mi-3
£72504/240.49 miHarrison Street, Blackpool, Lancashire, FY13
£70004/240.49 miHardman Street, Blackpool, Lancashire, FY13
£75004/240.5 miManchester Road, Blackpool, FY3 8DN3
£1,40004/250.51 mi-4
£80005/240.51 miManchester Road, Blackpool, FY3 8BP3
£77504/240.52 miErdington Road, Blackpool3
£1,30001/250.53 mi-5
£82504/240.53 miBickerstaffe Street, Blackpool3
£95004/240.53 miBryan Road, Blackpool3
£82512/240.54 mi-3
£1,40004/250.54 mi-4
£1,20003/250.55 mi-3
£80004/240.57 miPark Road, Blackpool, FY1 5QN3
£80005/240.57 mi28 Gloucester Avenue3
£1,30004/240.58 miMere Road, Blackpool, Lancashire, FY34
£80002/250.6 mi-3
£80005/240.6 miBraithwaite Street, Blackpool, FY1 2HS3
£92503/240.6 mi-3
£1,10004/240.61 miPrincess Street3

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.56 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Price changed to £135,000

January 11, 2025

Listed for £145,000

July 11, 2024

Description

  • Guide Price £135,000 - £150,000 +
  • CASH BUYERS ONLY +
  • Substantial Terraced House +
  • Seven Bedrooms With Five En-Suites +
  • Three Reception Rooms +
  • Well Appointed Kitchen +
  • Family Shower Room +
  • Large Basement +
  • Private Rear Yard +
  • Ideally Located; Close To Blackpool Town Center, Promenade & Train Station +

Substantial and well presented terraced property offering spacious and versatile accommodation over four floors briefly comprising; seven bedrooms with five en-suites, three reception rooms, well appointed kitchen, family shower room and large cellar. Externally, the property offers a fully enclosed yard to the rear.  CASH BUYERS ONLY Ground Floor: Entrance Hallway  Lounge - (14'5 x 14'4) Bedroom Six - (13'2 x 12'4) Dining Room - (13'5 x 11'2) Kitchen - (11'2 x 8'1) Shower Room - (7'3 x 4'8) Cellar - (14'4 x 13'7) First Floor: Lounge - (14'2 x 10'8) Bedroom One - (12'5 x 10'4) with en-suite Bedroom Three - (11'5 x 8'2) with en-suite Bedroom Seven - (9'8 x 7'7) Second Floor: Bedroom Two - (13'3 x 10'7) with en-suite Bedroom Four - (13'5 x 6') with en-suite  Bedroom Five - (10' x 8') with en-suite Council Tax Band: C Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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

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