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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 £84,533 Sales 315 Current average value £97,798 (Zoopla Zed-Index) Value change £2,133 ▲ 2.23%

Property value data/graphs for FY1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £167,742 £101 4.0 £151,409
Semi-detached £119,426 £113 3.6 £114,917
Terraced £90,084 £90 3.8 £75,343
Flats £79,377 £108 1.7 £54,391

Current asking prices in FY1

Average: £111,188
Avg. current asking prices in FY1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £63,972
(2)
£92,682
(64)
£102,805
(107)
£116,189
(49)
£126,487
(12)
Flats £63,486
(21)
£91,538
(16)
£87,317
(3)
- £166,667
(3)
All £63,528
(23)
£92,453
(80)
£102,383
(110)
£116,189
(49)
£134,523
(15)

Current asking rents in FY1

Average: £456 pcm
Avg. current asking prices in FY1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £650 pcm
(1)
£504 pcm
(21)
£585 pcm
(18)
£871 pcm
(7)
£780 pcm
(1)
Flats £357 pcm
(78)
£465 pcm
(53)
£698 pcm
(6)
- -
All £361 pcm
(79)
£476 pcm
(74)
£613 pcm
(24)
£871 pcm
(7)
£780 pcm
(1)

Fun facts for FY1

Highest value in FY1
Highest value streets Zed-Index
Promenade £180,616
Albert Road £174,715
Charnley Road £164,014
Barton Avenue £163,935
Geldof Drive £163,426
Highest turnover in FY1
Highest turnover streets Turnover
Cecil Street 46.7%
Cross Street 40.0%
Pine Avenue 38.9%
Chadfield Road 36.4%
Francis Street 35.0%

What Zoopla users think of Blackpool

Overall rating:

  • currently 4 stars
Very good - 77% (258 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
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  • 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 (1.1 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 (8.0 miles)
  • Knott End-On-Sea Ferry Landing (8.1 miles)
  • Heysham Ferry Terminal (16.1 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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