34 Marlhill Road, Blackpool, FY3 7TH

Description

A Double Fronted Terrace House requiring modernisation with accommodation arranged on Two Floors comprising: First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen, Sun Room. Front Garden. Garden at Rear with Outbuilding.

Accommodation

First Floor: Bedroom (One), Bedroom (Two), Bedroom (Three), Bathroom/WC. Ground Floor: Entrance Hall, Living Room, Kitchen, Sun Room. Front Garden. Garden at Rear with Outbuilding.

Location

Situated off Dinmore Avenue, close to the amenities available in Blackpool Town Centre and travelling facilities including Layton Train Station. Stanley Park and Kingscote Park are also nearby.

Tenure / Property Information

Investment Analysis

The strongest evidence is the same-street terraced sale at £90,000 in February 2023. The £97,500 semi-detached sale provides an upper reference but is not directly comparable, while the older £74,000 terraced sale is less current. Given the subject is a three-bedroom terrace requiring modernisation, an indicative base GDV of £90,000 is supportable, with a broad evidence-led range of £72,500–£97,500. This is not a formal valuation and the condition difference between the subject and comparables is unknown.

Investment Snapshot

Strategy Recommendation

Potential refurbishment-led resale or BRRR opportunity only subject to inspection, a full works budget and review of the special conditions. Do not rely on a BTL yield until rent evidence is obtained; do not bid solely from the guide-to-GDV spread.

Works Required

Modernisation of the existing two-storey accommodation, including the areas requiring updating as identified by inspection. The evidence does not specify the condition or scope of individual elements, so a works schedule and cost plan are required before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £35,000 guide plus the stated £1,500 buyer premium, the known acquisition outlay is £36,500 before works and any other seller charges. A 75% refinance against the indicative £90,000 base GDV would be £67,500. Because refurbishment costs, finance costs, taxes and other completion charges are unsupported, cash left in and equity cannot be calculated reliably.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied, so rent and gross yield cannot be established. The vacant possession status may assist reletting, but the modernisation requirement and unquantified costs prevent a reliable BTL appraisal.

Flip Analysis

The indicative base GDV is £90,000, based principally on the £90,000 same-street terraced comparable. The guide and stated buyer premium total £36,500, but refurbishment costs, selling costs and possible seller fees are unknown. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but the extent and cost of works are not supplied.

• No sufficiently specific rental evidence is available, so rental income and yield cannot be tested.

• The comparable evidence includes semi-detached properties and varying sale dates, limiting valuation precision.

• The seller may charge additional completion fees under the special conditions, but those fees are not supplied.

• Vacant possession is stated, but no detailed inspection or condition evidence is provided.

Recommendation

Potential refurbishment-led resale or BRRR opportunity only subject to inspection, a full works budget and review of the special conditions. Do not rely on a BTL yield until rent evidence is obtained; do not bid solely from the guide-to-GDV spread.

Strategy Rating

Analysis Confidence

There is useful same-street sold-price evidence and a stated guide and buyer premium, but no rental evidence, refurbishment cost evidence, detailed condition report, parking/heating information or quantified additional completion charges.