22 Erdington Road, Blackpool, Lancashire, FY1 5EG

Description

A Vacant Four Bedroom Mid Terrace HMO

Accommodation

Ground Floor: Bedroom, Reception Room, Kitchen. First Floor: Three Bedrooms, Bathroom. Exterior: rear yard.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Stanley Park and Blackpool Beach are within easy reach. Transport links are provided by Blackpool North rail station.

Tenure / Property Information

Investment Analysis

Five same-road freehold terraced comparables sold from £59,500 to £85,000 between April 2024 and September 2025. The median is £79,000. A base GDV of £79,000 is used as an evidence-based estimate only; the comparables do not confirm equivalent condition, layout, HMO compliance or specification.

Investment Snapshot

Strategy Recommendation

Do not commit to a firm bid from the supplied evidence alone. Proceed only after legal-pack review, survey, HMO compliance verification and rental assessment; the current guide leaves limited evidenced margin before unknown costs.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and review the legal pack, HMO documentation and statutory compliance before budgeting for works. Any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £79,000 base GDV, a theoretical 75% refinance is £59,250. Against the £76,800 purchase-plus-known-charge figure, indicative cash left in is £17,550 before works, finance, tax and other costs. This is not a viable complete BRRR assessment without verified rent, refurbishment costs, finance terms and HMO compliance information.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental comparables or auctioneer rent estimate are supplied. The property is vacant, so there is no passing rent evidence. The £76,800 base cost comprises the £75,000 guide figure plus the stated £1,800 administration charge only; it excludes unknown works, finance, legal, disbursement and other completion costs.

Flip Analysis

The base GDV estimate is £79,000 against a £75,000 guide. Known purchase and administration costs total £76,800, leaving only £2,200 before refurbishment, selling costs, finance, tax and any other charges. A flip surplus cannot be reliably calculated because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• The property is vacant and no passing rent or reliable rental estimate is supplied.

• No specific condition or refurbishment information is provided, so total project cost is unknown.

• HMO licensing, planning and regulatory compliance are not evidenced.

• Special conditions may create additional search, legal, transfer, seller-cost reimbursement or other completion charges.

• The guide price is close to the comparable evidence range, leaving limited margin before unknown costs.

Recommendation

Do not commit to a firm bid from the supplied evidence alone. Proceed only after legal-pack review, survey, HMO compliance verification and rental assessment; the current guide leaves limited evidenced margin before unknown costs.

Strategy Rating

Analysis Confidence

Same-road sold comparables and the stated guide/admin charge are available, but there is no rental evidence, condition assessment, refurbishment budget, HMO licensing information, buyer premium or complete fee schedule.