6 Haig Road, Blackpool, Lancashire FY1 6BZ

Description

A Three Bedroom End Terrace House. A freehold end terrace house comprising: Hallway, lounge, dining room, kitchen, three bedrooms and bathroom. Yard to the front and rear.

Accommodation

Hallway, lounge, dining room, kitchen, three bedrooms and bathroom. Yard to the front and rear.

Location

Situated in central Blackpool, the property is a short distance from amenities and public transport.

Tenure / Property Information

Investment Analysis

Five same-street freehold terraced sales range from £63,000 to £90,000. The £74,000 sale at no. 8 is the most directly relevant nearby evidence. Indicative GDV range: £63,000–£90,000, with £74,000 as the base case. Property condition is not evidenced.

Investment Snapshot

Strategy Recommendation

Proceed only subject to viewing, legal-pack review and a full works assessment. The guide offers apparent value against same-street sales, but the absence of condition and rental evidence prevents a reliable BTL, BRRR or flip appraisal.

Works Required

No specific works are evidenced. Obtain a viewing and survey before budgeting; only confirmed accommodation and external yards are described.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £74,000 base GDV indicates £55,500 gross borrowing. Cash-left-in cannot be calculated because refurbishment costs, finance costs and total project costs are unsupported. Rent and refinance terms are also unavailable.

Buy-to-Let Analysis

BTL yield cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Known acquisition charges at the £40,000 guide are £1,560 buyer premium plus the £3,600 minimum admin charge, before any other legal-pack disbursements.

Flip Analysis

The sold evidence supports a broad resale range of £63,000–£90,000, with £74,000 as the base GDV. Flip surplus cannot be calculated because works, total project costs and selling costs are not evidenced.

Investor Risks & Due Diligence

• Unknown property condition and refurbishment requirement

• No reliable rental evidence, so rental yield is unquantifiable

• Potential legal-pack disbursements and seller-cost reimbursements are unspecified

• Guide price is not a guaranteed purchase price

• Resale evidence ranges materially from £63,000 to £90,000

Recommendation

Proceed only subject to viewing, legal-pack review and a full works assessment. The guide offers apparent value against same-street sales, but the absence of condition and rental evidence prevents a reliable BTL, BRRR or flip appraisal.

Strategy Rating

Analysis Confidence

Same-street completed sales provide useful market evidence, but condition, rent, refurbishment costs, selling costs and some purchase disbursements are unavailable.