62, Dean Street, BLACKPOOL, Lancashire, FY4 1BP

Description

Freehold two floor end terrace house requiring modernisation.

Accommodation

First floor: Five bedrooms, en-suite WC, cloakroom/WC, landing. Ground floor: Reception room, dining room, kitchen, bathroom, WC, hall. Basement: Cellar. Outside: Front garden. Gross Internal Area GIA: Approximately 176 sq m (1,896 sq ft).

Location

The property is situated on the corner of Dean Street and Hill Street. Public transport links include Blackpool South Railway Station together with a network of local bus services serving the surrounding vicinity. Road links include the A583 Preston New Road and M55 Motorway. Shopping amenities can be found locally within Waterloo Road and South Shore, with an extensive range of shops, bars and restaurants being found in Blackpool Town Centre. Recreational pursuits can be found locally at the open spaces of Blackpool Promenade, South Pier and Blackpool Pleasure Beach.

Tenure / Property Information

Investment Analysis

Completed sales range from £60,000 to £160,000. The subject property itself sold for £75,000 on 13 August 2026 and £108,000 on 11 August 2025. The £160,000 sale at 66 Dean Street provides an upper reference, but no condition or specification comparison is supplied. A base GDV of £108,000 is therefore used, with a wide £75,000–£160,000 evidence range.

Investment Snapshot

Strategy Recommendation

Investigate before bidding. The guide is below the available comparable values, but the unknown modernisation cost, uncertain rent and broad comparable range prevent a dependable BTL, BRRR or flip appraisal.

Works Required

Modernisation is required, but the evidence does not specify the scope of works. EPC E, heating and parking details should be investigated before bidding. No refurbishment cost allowance can be supported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £55,000 guide plus the known £1,800 administration charge, the acquisition cost is at least £56,800 before refurbishment and any seller charges. A 75% refinance of the £108,000 base GDV would be £81,000, but total project cost and cash left in cannot be calculated because refurbishment costs and other completion charges are unknown.

Buy-to-Let Analysis

The only rental evidence is a generic FY4 advertised asking rent of £325 pcm, not a property-specific or achieved rent. At that figure, annual gross rent is £3,900 and gross yield on the £55,000 guide is approximately 7.09%, before finance, operating costs, voids and modernisation. A reliable BTL assessment cannot be completed without a property-specific rent and works budget.

Flip Analysis

The evidence supports a broad resale range of £75,000 to £160,000, with £108,000 used as the base GDV. A flip surplus cannot be calculated because refurbishment costs, selling costs and any applicable seller charges are not supplied.

Investor Risks & Due Diligence

• Modernisation scope and cost are unspecified.

• The rental evidence is a generic FY4 advertised asking rent rather than an achieved or property-specific rent.

• The comparable sales show a wide range from £60,000 to £160,000 and no condition comparisons are supplied.

• The property has EPC E.

• Heating and parking details require confirmation.

• Additional seller fees may be payable under the special conditions of sale.

Recommendation

Investigate before bidding. The guide is below the available comparable values, but the unknown modernisation cost, uncertain rent and broad comparable range prevent a dependable BTL, BRRR or flip appraisal.

Strategy Rating

Analysis Confidence

There are several relevant completed sales and a guide price, but no refurbishment budget, property-specific rental evidence, selling-cost allowance or complete special-condition fee information.