7 Fleet Street, Blackpool, Lancashire, FY1 4PJ

Description

A Four Bedroom End of Terrace House Subject to a Periodic Tenancy Producing £11,400 Per Annum

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom. First Floor: Kitchen, Three Bedrooms, Bathroom. Exterior: rear yard.

Location

Situated on a residential road close to local shops and amenities. The open spaces of Blackpool Pier are within easy reach. Transport links are provided by Blackpool North rail station.

Tenure / Property Information

Investment Analysis

The five supplied same-street sold comparables range from £58,000 to £103,000, with a median of £80,000. A base GDV of £80,000 is used as an evidence-led midpoint, with £63,000–£103,000 representing the supplied comparable range. The £90,000+ guide is above the comparable median and excludes the £1,800 administration charge, any buyer premium and possible legal-pack disbursements.

Investment Snapshot

Strategy Recommendation

Consider only as a tenanted cash-flow purchase if the tenancy and legal pack are satisfactory and the purchase price is reduced. Do not pursue a flip or BRRR at the guide without stronger valuation evidence and full fee/condition information.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, tenancy/legal due diligence and only any repairs confirmed by viewing or the legal pack; no refurbishment allowance has been quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £90,000 guide, the known-cost basis is £91,800 before any unquantified works or additional fees. A 75% refinance against the £80,000 base GDV would provide approximately £60,000, leaving indicative cash of £31,800 in before finance and tax. This is weak for a BRRR strategy unless the property can be acquired materially below guide or a higher supported GDV is established.

Buy-to-Let Analysis

The stated periodic rent is £950 pcm (£11,400 annually), producing a gross yield of approximately 12.67% on the £90,000 guide and 12.42% on the £91,800 known-cost basis including the £1,800 administration charge. These figures exclude any buyer premium, disbursements, maintenance, voids, management, finance and tax. The tenancy, rent payment history and compliance should be verified.

Flip Analysis

Using the £80,000 base GDV against the £90,000 guide plus the known £1,800 administration charge gives a negative position before works, selling costs, finance, tax and other fees. A flip is therefore not supported by the supplied evidence. The apparent surplus/deficit cannot be finalised because refurbishment and selling allowances are unavailable.

Investor Risks & Due Diligence

• The guide exceeds the £80,000 median of the supplied same-street comparables.

• The property is subject to a periodic tenancy, so possession, rent payment history and tenancy compliance require verification.

• Buyer premium, legal-pack disbursements and other possible completion charges are not quantified.

• No condition or refurbishment evidence is supplied, so actual works and costs are unknown.

• The base GDV is an estimate derived from comparables that may not match the subject property's condition, layout or size.

• The stated gross yields exclude operating costs, voids, management, finance and tax.

Recommendation

Consider only as a tenanted cash-flow purchase if the tenancy and legal pack are satisfactory and the purchase price is reduced. Do not pursue a flip or BRRR at the guide without stronger valuation evidence and full fee/condition information.

Strategy Rating

Analysis Confidence

The analysis has a stated rent, tenancy, tenure, guide, administration charge and five same-street sold comparables, but lacks condition, EPC, buyer premium, disbursements, rental comparables and verified tenancy/legal information.