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11 Bed Flat For Sale General Street, Blackpool, FY1

£450,000- Flat

Yield: 1.87%
1 of 4
Yield: 1.87%
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  • Rental Valuation: In excess of £705
  • 11 Bedroom(s)
  • Description
  • Street View
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Key Features

  • 3 Blocks Of Residential Flats
  • Well Maintained Properties
  • Good Occupancy Levels
Last Updated: 21st December 2019

Description

ACCOMMODATION

23-25 General Street, Blackpool: 3 Flats & Cellar Store
Ground Floor: Flat 1: 2 bedroom flat with rear walled garden;
First Floor: Flat 2: 1 bedroom flat;
Second Floor: Flat 3: 1 bedroom flat;
Cellar Store: Storage area used by owner;



318 Lytham Road, Blackpool: 4 Flats, Store, Cellar, Garage & Parking space to rear (shop not included)
Ground Floor Rear: Flat 1: 1 bedroom flat let;
First Floor: Front Flat 2: 1 bedroom flat let;
Rear Flat 3: 1 bedroom flat;
Second Floor: Flat 4: 1 bedroom flat;
Rear Garage: Single garage;
Rear Yard: Car parking space with secured up & over door, used by owner (could rent);
Top Floor Store: Used by owner;



19 Hesketh Ave, Blackpool: 3 Flats, Garage & Cellar Store
Ground Floor Rear: Flat 8: 1 bedroom flat;
Ground/First Floor: Flat 9: 1 bedroom flat;
First Floor: Flat 3: 1 bedroom flat;
Cellar: Store used by owner;
Garage: Single door unit for bin store;




Total Rental Income approximately £52,000.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.

Stringfellow Homes Ltd, Blackpool

Nearby Stations

  • Cocker Street (not in use) (Blackpool Tramway) (0.1 miles away)
  • Blackpool North Rail Station (0.2 miles away)
  • North Pier (Blackpool Tramway) (0.2 miles away)
  • Pleasant Street (Blackpool Tramway) (0.3 miles away)
  • Victoria Street (not in use) (Blackpool Tramwa (0.4 miles away)

Nearby Schools

  • The Alternative School (0.1 miles away)
  • Blackpool St John's Church of England Primary School (0.4 miles away)
  • Talbot and Brunswick Children's Centre (0.4 miles away)
  • Westminster Children's Centre (0.6 miles away)
  • Westminster Primary Academy (0.6 miles away)
Agent Details
Kays Peake Properties Ltd
227-229, Church Street, Blackpool, FY1 3PB
Show Contact Number
01253 623 486

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
1.5

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£13500
Lower taxes for this property type will not burden this property type as much leading to potential future price growth.
7.6

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
2

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
Sorry, there are few recent rental listings in proximity to this property.

5 Bedroom properties in “FY1” are mostly listed between £560 - £705 based on the 3 recent listings found.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested