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7 bed property for sale

£225,000

Reads Avenue, Blackpool FY1

7 7 7
Interested in this property? Call 01253 520850 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Seven self contained flats
  • Ideal investment opportunity
  • Generating £28,600 per annum
  • Producing A 13% yield
  • Benefits from gas central heating
  • Please call in advance to arrange A viewing!

Property description

*** ideal investment opportunity **** potential to generate £28,600 per annum when fully let - producing A 13% yield *** Good sized property arranged as seven self-contained flats consisting of three studios and four, one bedroom flats. All flats are separately metered and separately rated for Council Tax.

Ground floor
flat 1
Lounge / bedroom
Kitchen
Shower Room

Currently tenanted at £70 per week

flat 2
Studio flat comprising open plan kitchen, lounge and bedroom with shower room.

Currently tenanted at £70 per week

flat 3
Lounge / Bedroom
Modern Kitchen
Bathroom

Currently tenanted at £70 per week

first floor
flat 4
Lounge / Kitchen
Bedroom
Shower Room

Currently tenanted at £85 per week

flat 5
Spacious Lounge
Bedroom
Kitchen
Shower Room

Potential to let at £85 per week

second floor
flat 6
Lounge / Kitchen
Bedroom
Shower Room

Potential to let at £85 per week

flat 7
Lounge / Kitchen
Bedroom
Shower Room

Currently tenanted at £85 per week


Property info

Market activity
Average price paid £83,068 Sales 322 Current average value £98,036 (Zoopla Zed-Index) Value change £3,963 ▲ 4.21%

Property value data/graphs for FY1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £168,191 £100 4.0 £142,772
Semi-detached £119,556 £114 3.6 £113,304
Terraced £90,330 £91 3.8 £74,981
Flats £79,717 £114 1.7 £60,161

Current asking prices in FY1

Average: £112,892
Avg. current asking prices in FY1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £63,972
(2)
£91,800
(65)
£104,097
(105)
£119,824
(48)
£125,219
(13)
Flats £67,739
(18)
£98,059
(17)
£88,317
(3)
- £172,500
(2)
All £67,362
(20)
£93,098
(82)
£103,658
(108)
£119,824
(48)
£131,523
(15)

Current asking rents in FY1

Average: £455 pcm
Avg. current asking prices in FY1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £451 pcm
(1)
£493 pcm
(22)
£576 pcm
(18)
£831 pcm
(9)
£780 pcm
(1)
Flats £356 pcm
(83)
£479 pcm
(63)
£670 pcm
(7)
- -
All £358 pcm
(84)
£482 pcm
(85)
£602 pcm
(25)
£831 pcm
(9)
£780 pcm
(1)

Fun facts for FY1

Highest value in FY1
Highest value streets Zed-Index
Promenade £181,206
Albert Road £175,168
Barton Avenue £164,186
Charnley Road £164,179
St. Vincent Avenue £163,810
Highest turnover in FY1
Highest turnover streets Turnover
Cecil Street 46.7%
Cross Street 40.0%
Chadfield Road 36.4%
Pine Avenue 33.3%
Platt Street 33.3%

What Zoopla users think of Blackpool

Overall rating:

  • currently 4 stars
Very good - 77% (254 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Blackpool:

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  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Blackpool North (0.6 miles)
  • Blackpool South (1.2 miles)
  • Layton (Lancs) (1.5 miles)
  • Blackpool International Airport (3.0 miles)
  • Liverpool John Lennon Airport (34.2 miles)
  • Manchester International Airport (44.8 miles)
  • Fleetwood for Knott End Ferry Landing (7.9 miles)
  • Knott End-On-Sea Ferry Landing (8.1 miles)
  • Heysham Ferry Terminal (16.0 miles)

Nearby schools

View all schools in Blackpool
  • Blackpool St John's Church of England Primary School (0.3 miles)
  • St Kentigern's Catholic Primary School (0.4 miles)
  • Revoe Community Primary School (0.5 miles)
  • The Blackpool Sixth Form College (2.0 miles)
  • Blackpool and the Fylde College (3.1 miles)
  • Southport College (11.7 miles)
  • Park School (0.5 miles)
  • Park Community Academy (0.5 miles)
  • The Cedars (0.6 miles)
Note: Distances are straight line measurements

Local info for Blackpool

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For more information about this property, please contact
Metcalf's Estate Agents, FY1 on 01253 520850 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Metcalf's Estate Agents, and do not constitute property particulars. Please contact Metcalf's Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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