Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

1 bed flat for sale

10-12 Queens Promenade, Blackpool, Lancashire FY2

  • New home
  • Investment

£55,500

Property details

  • 1 bedroom

Features

  • Rolling refurbishment
  • Immediate rental returns
  • 12% net yield
  • 10 years guaranteed rental
  • Buy back from year 5
  • 70% roi in 5 years

Listing view statistics

Last 30 days: 75 page views

Since listed: 75 page views

Description

Brand new hotel opening on Blackpool seafront, offering fantastic proximity to all of the best things that Blackpool has to offer including the world famous Pleasure Beach.

Investment highlights:

-10% for 10yrs (Pre-launch net yield at 12%)
-Prices starting from £34,995 for rooms
-Prices starting from £52,995 for apartment rooms
-Optional buyback starting in year 5 at 110%
-5 days accommodation to investors each year for the first 5yrs
-Immediate Income

Location details:
Blackpool is the most popular seaside resort in the UK. The town is located on the Lancashire coast, about 28 km from Preston and about 65 km from Manchester. The town became a popular resort during the 19th century when it was connected by rail to much of northern England. Today, it attracts about 12 million people each year. The Mosaic Hotel is situated on Queens Promenade, Blackpool just minutes away from the Pleasure Beach, this is a prime location for holidaymakers.

Example Investment:

Purchase Price: £47,995
Rent per month: £479.95
Ongoing costs: £0
Year 5 buy back: £52,794.50
Total amount received over 5 years: £81,591.50
Total amount less original investment: £33,596.50
5 year roi: 70% plus your money back!

Reservation process:

1.Pick your unit and complete reservation agreement
2.Send £3,000 reservation fee
3.Instruct solicitors
and complete with final balance minus £3,000 - cash only
5.Rental income start

Map & Nearby

Local Amenities

  • Blackpool North 0.9 miles
  • Layton (Lancs) 1 miles
  • Langdale Free School 0.2 miles
  • Holy Family Catholic Primary School 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Blackpool North 0.9 miles
  • Layton (Lancs) 1 miles
  • Langdale Free School 0.2 miles
  • Holy Family Catholic Primary School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in FY2:

  • £87,708
  • Price increase

  • £135
  • (0.154%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £78,468
  • Properties sold

    8

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in FY2 is currently:

£420 pcm

Recent sales nearby

See all recent sales in FY2
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In association with

Your home may be repossessed if you do not keep up repayments on your mortgage.

The results are not provided by HSBC UK Bank plc and do not represent any particular mortgage product. Results are only indicative based on a repayment mortgage and are based solely on your inputs into the calculator. The monthly payments will depend on the product and repayment term you choose. Zoopla receive payment from HSBC UK Bank plc for this calculator and introductions resulting in decisions in principle.

The Agent

Price history

Sold prices provided by Land Registry
13th Aug 2019 £55,500 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by Property and Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Property and Invest for full details and further information.