2 Ashburton Road, Blackpool, Lancashire

Description

A Two Bedroom End Terrace House. A leasehold first floor flat comprising: Lounge, kitchen, two bedrooms and bathroom. The property comes with a detached outbuilding to the rear. The property is ideally located within close proximity of Blackpool Town Centre, the seafront, many amenities, shops and transport links.

Accommodation

Lounge, kitchen, two bedrooms and bathroom. Detached outbuilding to the rear. Measurements: Lounge - 2.74m x 4m; Kitchen - 2.44m x 3.02m; Bedroom 1 - 2.57m x 3.7n; Bedroom 2 - 2.22m x 2.78m; Loft room - 4.34m x 4.84m; Bathroom - 2m x 3.55m.

Location

Ideally located within close proximity of Blackpool Town Centre, the seafront, many amenities, shops and transport links.

Tenure / Property Information

Investment Analysis

The five supplied sold comparables are leasehold flats at Ashburton Court, Ashburton Road, ranging from £50,000 to £77,000 between 2017 and 2021. The median is £62,500, used as the base GDV estimate. A £50,000–£77,000 evidence range is retained, although the sales are historic, may relate to different units and do not establish current market value or condition-adjusted value. The auction description also inconsistently refers to an end-terrace house while the accommodation is described as a leasehold first-floor flat.

Investment Snapshot

Strategy Recommendation

Proceed only as a cautiously priced value-led purchase after viewing and legal-pack review. Do not underwrite BTL, BRRR or a flip until rent, condition, lease liabilities, outbuilding/loft status and all auction costs are verified.

Works Required

No specific defects or required works are evidenced. Allow for inspection and only condition-led repairs or cosmetic works confirmed by viewing and the legal pack. Verify the status, access and condition of the loft room and detached rear outbuilding before relying on them.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The base GDV estimate of £62,500 implies 75% refinancing of £46,875. However, refurbishment cost, rent, finance costs and total acquisition cost cannot be established from the evidence. The lease commenced on 25 December 2007 for 125 years, but remaining-term confirmation and all lease liabilities should be obtained from the legal pack.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The guide is £23,000, but the £1,500 buyer premium and £3,600 minimum administration charge already add £5,100 before any legal-pack disbursements, finance, works or operating costs. Lease terms, service charges and ground rent are also not supplied.

Flip Analysis

A potential gross value spread exists between the £23,000 guide and the £62,500 base GDV, but no supported works allowance, selling costs, finance costs or legal-pack disbursements are available. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Historic comparable sales may not reflect current value or the subject property's condition.

• The property is described inconsistently as an end-terrace house and as a first-floor leasehold flat.

• No rental evidence is available, so investment yield cannot be established.

• Works, finance costs, selling costs and total project cost are unknown.

• Lease service charge, ground rent, restrictions, remaining term confirmation and other liabilities are not supplied.

• The legal status, access and condition of the loft room and detached rear outbuilding are not evidenced.

• Additional legal-pack disbursements and seller-cost reimbursements may be payable.

Recommendation

Proceed only as a cautiously priced value-led purchase after viewing and legal-pack review. Do not underwrite BTL, BRRR or a flip until rent, condition, lease liabilities, outbuilding/loft status and all auction costs are verified.

Strategy Rating

Analysis Confidence

The evidence includes several highly relevant same-road sold comparables and the auction charges, but the sales are historic and there is no reliable rent, condition, works, current comparable, lease-cost or legal-pack information.