37 Kent Road, Blackpool, Lancashire

Description

A Vacant Two Bedroom Mid Terrace House in Need of Modernisation. Potential for a Loft Conversion (Subject to Obtaining all Relevant Consents). The property comprises a two bedroom mid terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Two Reception Rooms, Kitchen. First Floor: Two Bedrooms, Bathroom. Exterior: The property benefits from a rear garden.

Location

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

Tenure / Property Information

Investment Analysis

Five completed sales on Kent Road range from £52,000 to £67,500, with the latest sale at £67,500. The evidence supports a broad indicative GDV range of £54,000–£67,500 and a base scenario of £63,000, although the comparable properties' condition and specification are not supplied and the subject requires modernisation.

Investment Snapshot

Strategy Recommendation

Potentially suitable for a low-cost refurbishment and rental strategy, subject to a full inspection, verified rental demand and review of the legal pack. Do not rely on the apparent yield or loft potential without confirming costs, consents and achievable rent.

Works Required

Modernisation of the existing two-bedroom accommodation, including the two reception rooms, kitchen and bathroom, subject to inspection and quotations. Any loft conversion should be treated as a separate potential opportunity requiring all relevant consents; no conversion cost is estimated.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £63,000, an indicative 75% refinance figure is £47,250. A reliable BRRR assessment cannot be completed because refurbishment costs, total acquisition costs, finance costs and post-works rent or valuation evidence are unavailable. The known £1,800 administration charge and potentially payable additional fees must also be allowed for.

Buy-to-Let Analysis

The supplied advertised asking rents are £775–£875 pcm, with a midpoint indication of £825 pcm. Against the £50,000 upper guide, this implies an indicative gross yield of approximately 18.6%–21.0%, or 19.8% at the midpoint, before fees, modernisation, voids, management, maintenance and finance. These are asking rents rather than achieved rents, so the investment yield is not confirmed.

Flip Analysis

The completed-sale evidence suggests a broad resale value range of £54,000–£67,500, with a £63,000 base case. A flip surplus cannot be calculated because refurbishment costs, acquisition costs beyond the known administration charge, selling costs and any legal-pack disbursements are not quantified.

Investor Risks & Due Diligence

• The property is described as requiring modernisation, but no survey, specification or refurbishment quotations are provided.

• The rental evidence comprises advertised asking rents rather than achieved rents.

• The comparable sales do not include condition or specification details, limiting the reliability of the GDV estimate.

• The £1,800 administration charge is known, but buyer premium, legal, search, transfer and seller-cost reimbursements may also be payable.

• Any loft conversion is subject to obtaining all relevant consents and its cost and value contribution are unknown.

• Vacant possession means rent is not currently evidenced by a passing tenancy.

Recommendation

Potentially suitable for a low-cost refurbishment and rental strategy, subject to a full inspection, verified rental demand and review of the legal pack. Do not rely on the apparent yield or loft potential without confirming costs, consents and achievable rent.

Strategy Rating

Analysis Confidence

There are several recent same-road completed sales and three rental asking-rent indications, but the subject condition, refurbishment costs, EPC, operating costs, achieved rents, legal-pack disbursements and full acquisition costs are not supplied.