14 Chapel Road, Blackpool, Lancashire

Description

A three bedroom end of terrace house. Externally the property benefits from a rear garden. In need of modernisation. Extension potential subject to requisite consents. Vacant.

Accommodation

Ground Floor - Entrance Hallway, Two Reception Rooms, Kitchen, Bathroom/WC. First Floor - Three Bedrooms.

Location

Located on Chapel Road, close to the turning for Westbank Avenue. A range of shopping facilities can be found nearby on Highfield Road and Common Edge Road. Recreational amenities of Common Edge Community Sports Village, Fishers Field, Bridge Farm Recreation Park and Mereside Park. Road links are via the A5230 towards the M55. Transport Squires Gate - Northern. Blackpool Pleasure Beach - Northern.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Chapel Road range from £69,950 to £105,000, with a simple average of £89,790. As the subject is described as needing modernisation and the condition of the comparables is not provided, this is an indicative evidence-based range only. Low, base and high GDV scenarios use the observed comparable range and average: £69,950, £89,790 and £105,000.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the legal pack, inspecting the condition and obtaining a detailed refurbishment quotation. The available evidence suggests potential value uplift, but does not support a firm bid, BTL yield or flip profit calculation.

Works Required

Modernisation is required, but the evidence does not specify the building, structural, service, kitchen, bathroom or decorative works needed. Extension potential is mentioned but remains subject to the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative base GDV, 75% refinance proceeds would be approximately £67,342.50 before finance, tax and other costs. Refurbishment costs and buyer or seller charges are unavailable, so total project cost, cash required and cash left in cannot be calculated.

Buy-to-Let Analysis

BTL assessment cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Gross yield, operating costs and affordability therefore remain unquantified. The property is vacant and requires modernisation.

Flip Analysis

The supplied sales support an indicative GDV range of £69,950 to £105,000, with a base of £89,790. A flip surplus cannot be calculated because the modernisation cost, acquisition charges and any selling allowance are not supplied.

Investor Risks & Due Diligence

• The property is described as needing modernisation, but the scope and cost of works are unknown.

• No sufficiently specific rental evidence is available, preventing a reliable BTL yield assessment.

• The buyer fee is excluded from the guide price and its amount is not supplied.

• VAT, seller charges and other sale costs may apply but are not quantified.

• Any extension remains subject to the requisite consents.

• The property is vacant, so no passing rent or tenancy income is evidenced.

Recommendation

Proceed only after confirming the legal pack, inspecting the condition and obtaining a detailed refurbishment quotation. The available evidence suggests potential value uplift, but does not support a firm bid, BTL yield or flip profit calculation.

Strategy Rating

Analysis Confidence

Completed sales are available for the same road and support an indicative GDV, but condition comparability, refurbishment costs, rent, buyer fees, seller charges and selling costs are not supplied.