Blackpool, FY1 4EY | Investment Property for Sale | VES-FY1-002

Opportunity to purchase a HMO property in Blackpool generating £37,532 rent pa & gross yield of 11.7%

£320,000

HMO Semi-Detached House

VES-FY1-002

INITIAL INVESTMENT

£98,100

Based on

deposit: £80,000

stamp duty: £15,600

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£37,532

GROSS YIELD

11.7%

ADD TO FAVOURITES

Sold STC

At Vesta we avoid gazumping by not allowing new offers once a deal has been agreed so that everyone benefits from faster completion in chain-free transactions.

Looking for property like this one? Either search for similar properties or contact us with your investment criteria.

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

6 bathrooms

7 reception rooms

2,034

Fully Furnished

Property information

  • Recently refurbished property
  • Fully HMO licenced
  • Spread over 3 floors
  • Comprising 7 self-contained apartments
    • 3 x studio apartments
    • 4 x 1-bed apartments
  • 2 of the studio apartments share 1 bathroom
  • EPC ratings C, D & E

Rental information

  • Apartment 1 - £560 pcm
  • Apartment 3 - £420 pcm
  • Apartment 4 - £370 pcm
  • Apartment 5 - £412 pcm
  • Apartment 6 - £411.67 pcm
  • Apartment 8 - £477 pcm
  • Apartment 9 - £477 pcm
  • Aggregate monthly rental income £3,127.67
  • Aggregate annual rental income £37,532.04

Location information

  • Located just a few minutes' walk from the bustling centre of Blackpool and the pier
  • Close to Blackpool University campus
  • Blackpool North railway station is 0.7 miles from the property

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Blackpool, Lancashire

Blackpool is a seaside resort on the coast of the county of Lancashire in north-west England. This town is situated around 15 miles north-west of Preston, 27 miles north of Liverpool and 40 miles north-west of Manchester.

Blackpool North is the main station serving this town and is the terminus stop on the Blackpool branch line operated by Northern and Virgin Trains. Northern runs 1 train per hour to each of these destinations from this station; Preston, Liverpool Lime Street and Manchester Piccadilly via Bolton. A further 4 trains per day to London Euston are run by Virgin Trains.

Blackpool Transport and Stagecoach provide bus services around the town and to destinations within the region also. Blackpool fortunately has access to a tram service that run from Starr Gate to Fleetwood, and there are plans to extend this even further to Blackpool North station by April 2019.

Blackpool is still recognised as one of the major centres of tourism in the UK and there are over a hundred fun-filled and action-packed attractions, throughout the centre of town and surrounding areas.

Attractions such as Blackpool Pleasure Beach, Blackpool tower, SEA LIFE, Blackpool Zoo, Madame Tussauds and many more draws in thousands of tourists every year. This property is also a short walk from Houndshill Shopping Centre which is the main source of retail options in town and has a selection of well-known high street brands.

Raikes Parade,

Blackpool,

Blackpool,

England,

FY1 4EY

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2021 Vesta Global Limited. All rights reserved.