3 Condor Grove, Blackpool, Lancashire FY1 5JU

Description

Three Bedroom Detached House With Workshop. The property comprises of hallway, lounge, kitchen/diner, three bedrooms and a bathroom. Externally there is a low maintenance garden to the rear and a workshop with vehicle access. Located in a popular residential area close to shops and schools.

Accommodation

Hallway, lounge, kitchen/diner, three bedrooms and a bathroom.

Location

Located in a popular residential area close to shops and schools.

Tenure / Property Information

Investment Analysis

No completed-sale comparables or GDV evidence supplied. The £85,000 guide cannot be validated as market value. Rental evidence is limited to one advertised asking rent of £779 pcm for a comparable three-bedroom FY1 house.

Investment Snapshot

Strategy Recommendation

Potential BTL subject to legal-pack review, confirmation of condition and validation of achievable rent. Do not underwrite a flip or BRRR strategy without GDV and works evidence.

Works Required

Assess the current F-rated EPC and complete only improvements identified as necessary. No other defects or refurbishment requirements are evidenced.

Rental & Market Context

Potential BRRR Position

Cannot establish a BRRR case because no GDV, refurbishment budget or completed-sale evidence is supplied. The minimum £3,600 administration charge applies at the guide price, before any legal-pack disbursements.

Buy-to-Let Analysis

Using the advertised £779 pcm rent, annual gross rent is £9,348 and gross yield against the £85,000 guide is approximately 11.0%. This is based on asking rent, not achieved rent, and excludes finance, tax, maintenance, voids, insurance and other costs. The 2.75% administration charge is subject to the £3,600 minimum.

Flip Analysis

Cannot establish a reliable flip surplus because no GDV, works allowance or selling-cost allowance is evidenced.

Investor Risks & Due Diligence

• Current EPC rating F may require improvement works or affect lettability.

• The £779 pcm figure is an advertised asking rent, not an achieved rent.

• The £3,600 minimum administration charge applies at the £85,000 guide price.

• Additional legal-pack disbursements may be payable.

• No completed-sale comparables or refurbishment budget are supplied.

• Occupancy, heating and parking details are not provided.

Recommendation

Potential BTL subject to legal-pack review, confirmation of condition and validation of achievable rent. Do not underwrite a flip or BRRR strategy without GDV and works evidence.

Strategy Rating

Analysis Confidence

Basic property, tenure, guide-price and one rental listing are supplied, but there are no sold comparables, condition costs, GDV, occupancy details or completed-rent evidence.