2 Bed Terraced House, Single Let, Blackpool, FY1 2QZ, £60,000

Handsworth Road, Blackpool, Lancashire, FY1 2QZ - 2 views - 3 months ago

Auction
BTL
ROI: 15%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£55K - £170K
Sold Prices/m²£613/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£881/m²

Value Estimate

£75,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£411 - £1,250

Rent Estimate

£550

Running Costs/mo

£318

Cashflow/mo

£233

Cashflow/yr

£2,790

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £55K to £170K, average is £77.5K. £613/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£77.5K11/200.01 mi66, Enfield Road, Blackpool FY1 2RB2
£64K11/200.01 mi81, Handsworth Road, Blackpool FY1 2QZ2
£78K11/200.02 mi6, Hampstead Mews, Blackpool FY1 2SG2
£77K12/200.06 mi11, Stanhope Road, Blackpool FY1 2QY2
£55K01/210.09 mi11, Fairfield Road, Blackpool FY1 2RA2
£74.5K06/230.11 mi38, Bedford Road, Blackpool FY1 2QS2
£77K12/200.11 mi10, Leavesley Road, Blackpool FY1 2QP2
£60K06/210.19 mi17, Beresford Street, Blackpool FY1 3RF2
£91.5K09/210.2 mi19, Smithy Mews, Blackpool FY1 2EQ2
£170K05/210.21 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£170K05/210.21 mi1, Ramsey Avenue, Blackpool FY3 7AH2
£150K09/210.28 mi10, Geldof Drive, Blackpool FY1 2AQ2
£110K12/210.29 mi28, Courtfield Avenue, Blackpool FY2 0UN2
£85K03/210.31 mi222, Warley Road, Blackpool FY2 0UD2
£76.5K09/210.33 mi18, Heald Street, Blackpool FY3 8BG2
£65K08/210.33 mi3, Heald Street, Blackpool FY3 8BG2
£60.5K07/210.33 mi6, Heald Street, Blackpool FY3 8BG2
£77.5K03/230.33 mi19, Healey Street, Blackpool FY3 8RW2
£100K03/230.34 mi18, Northfield Avenue, Blackpool FY1 2ND2
£116K03/210.34 mi87, Bexley Avenue, Blackpool FY2 0TE2
£103.5K04/210.34 mi221, Warley Road, Blackpool FY2 0UL2
£78.5K02/210.34 mi209, Warley Road, Blackpool FY2 0UL2
£65K03/210.35 mi95, Cocker Street, Blackpool FY1 2EB2
£75K12/210.35 mi2, Handley Road, Blackpool FY1 3HW2
£62.5K10/200.35 mi1, Laburnum Street, Blackpool FY3 8RP2
£110K12/200.35 mi3, Blackfen Place, Blackpool FY2 0XG2
£75.5K03/210.36 mi12, Howard Street, Blackpool FY1 2EL2
£76K05/230.36 mi29, Cross Street, Blackpool FY1 2EA2
£73K01/230.36 mi12, Cross Street, Blackpool FY1 2EA2
£96K05/230.37 mi23, Gorton Street, Blackpool FY1 3HP2
£75K01/230.38 mi4, Moorhouse Street, Blackpool FY1 2HL2
£92K06/230.39 mi31, Butler Street, Blackpool FY1 3HR2
£73K01/210.39 mi18, Richmond Road, Blackpool FY1 2NJ2
£72K05/210.4 mi7, Whittaker Avenue, Blackpool FY3 8RE2
£72K02/210.4 mi27, Whittaker Avenue, Blackpool FY3 8RE2
£70K03/210.4 mi22, Whittaker Avenue, Blackpool FY3 8RE2
£97.3K12/200.4 mi35, Raymond Avenue, Blackpool FY2 0TY2
£65K11/210.41 mi9, Avenham Grove, Blackpool FY1 2EN2
£75K12/220.41 miClyde Cottage, Clyde Street, Blackpool FY1 2HT2
£105K10/200.43 mi4, Caledonian Avenue, Blackpool FY3 8RB2
£163.5K02/210.43 mi38, Cambray Road, Blackpool FY1 2LX2
£155K02/210.43 mi30, Cambray Road, Blackpool FY1 2LX2
£157K11/200.43 mi22, Cambray Road, Blackpool FY1 2LX2
£79K11/200.43 mi21, Ormond Avenue, Blackpool FY1 2LW2
£142K12/220.44 mi24, Holly Road, Blackpool FY1 2SF2
£56K03/230.44 mi21, Fisher Street, Blackpool FY1 3HX2
£61.5K12/200.45 mi43, Fisher Street, Blackpool FY1 3HX2
£100K09/210.46 mi81, Mansfield Road, Blackpool FY3 7HZ2
£94K12/220.46 mi91, Mansfield Road, Blackpool FY3 7HZ2
£125K01/230.47 mi282, Warley Road, Blackpool FY2 0UG2

Local Rents

51 rents from £411/mo to £1.3K/mo, average is £680/mo.

RentDateDistanceAddressBeds 
£69501/250.08 mi-2
£66503/240.1 mi-2
£66504/240.1 miCoopers Way, Blackpool, FY12
£66505/240.1 mi-2
£66504/240.1 miCoopers Way, Blackpool, FY12
£67503/250.1 mi-2
£69502/240.11 mi-2
£80003/250.13 mi-2
£65004/240.14 miClaremont Road, Blackpool2
£63502/250.16 mi-2
£70003/240.19 mi-2
£70004/240.19 miWoburn Road, Blackpool, FY12
£77501/250.2 mi-2
£75003/250.22 mi-2
£41104/240.29 miClevedon Road, Blackpool, FY1 2NX2
£97504/240.3 miCourtfield Avenue, Blackpool, Lancashire, FY22
£52504/240.31 miWarley Road, Blackpool, Lancashire, FY12
£65004/240.32 miCarshalton Road , Blackpool2
£62503/250.33 mi-2
£62504/240.33 mi-2
£75012/240.34 mi-2
£90002/250.34 mi-2
£62504/240.34 miChester Road, Blackpool2
£67504/240.34 miChester Road, Blackpool, Lancashire, FY32
£60005/240.34 mi-2
£60003/250.34 mi-2
£57512/240.35 mi-2
£65004/240.36 miLaburnum Street, Blackpool, Blackpool2
£62504/240.36 miCross Street, Blackpool2
£1,20002/250.36 mi-2
£1,25004/240.36 mi-2
£80001/250.36 mi-2
£67504/240.37 miCypress Grove, Blackpool, FY3 8RR2
£60605/240.38 miLewtas Street, Blackpool, FY1 2DY2
£89504/240.39 miRaymond Avenue, Blackpool, Lancashire, FY22
£70004/240.42 mi-2
£67004/250.46 mi-2
£82505/240.47 miGoodwood Avenue, Blackpool, Lancashire, FY22
£1,20004/240.49 miGynn Avenue, Blackpool, FY12
£1,20004/240.49 mi-2
£1,20004/240.49 mi-2
£1,00011/240.49 mi-2
£55004/240.52 miWarbreck Drive, Blackpool, FY2 9SX2
£68003/250.53 mi-2
£69001/250.53 mi-2
£75012/240.53 mi-2
£77502/250.53 mi-2
£99503/250.53 mi-2
£80005/240.55 miRathlyn Avenue, Blackpool2
£65002/250.56 mi-2
£64005/240.56 mi-2

Local Area Statistics

Population in FY1

33,505

Population in Blackpool

133,713

Town centre distance

1.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+26%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £60,000

January 21, 2025

Description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply. +
  • Sold with a tenant in situ paying £550.00 per month +
  • Two Double Bedrooms +
  • Family Bathroom +
  • Secure rear yard with a brick outhouse +
  • Great Location +

Sold with a tenant in situ paying £550.00 per month

As you enter the property, you are greeted by a generous reception room to the front and leading from here is a spacious dining kitchen to the rear, boasting plenty of cooking and storage space.

To the first floor you will find two double bedrooms and a family bathroom.

Externally there is a secure rear yard with a brick outhouse.

The property has gas central heating and double glazing throughout.

The property is in a great location close to good schools & shops

Council Tax Band: A
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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