72 George Street, Blackpool, Lancashire FY1 3HY

Description

A freehold mid 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. Measurements: Lounge/dining room - 3.83m x 8.07m; Kitchen - 2.64m x 3.06m; Bedroom 1 - 3.15m x 3.88m; Bedroom 2 - 2.23m x 2.77m; Bedroom 3 - 2m x 2.33m; Bathroom - 2.65m x 3.07m.

Location

The property is situated in a central location of Blackpool and benefits from excellent local amenities, public transport links and motorway networks nearby. The property offers easy access into Blackpool town centre and the promenade.

Tenure / Property Information

Investment Analysis

The supplied HM Land Registry comparables are freehold terraced houses on George Street, with completed prices from £80,000 to £94,000. The most recent evidence is £83,450 at 89 George Street on 24 April 2026 and £80,000 at 91 George Street on 16 July 2025. A base GDV of £83,450 is used, with an evidence-supported range of £80,000–£94,000. The £60,000 guide is subject to a £1,560 buyer premium and a minimum £3,600 administration charge. Other legal-pack disbursements are unknown.

Investment Snapshot

Strategy Recommendation

Potential buy-to-let at or near the guide, subject to viewing, legal-pack review and confirmation that the asking rent is achievable. Do not rely on the BRRR outcome without lender and valuation confirmation.

Works Required

No specific repair or refurbishment works are evidenced. Arrange a viewing and review the legal pack before bidding; any works allowance remains unsupported.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £60,000 guide, known purchase costs total £65,160 before any legal-pack disbursements or works. A 75% refinance against the £83,450 base GDV indicates £62,587.50, leaving approximately £2,572.50 of the known-cost basis unrecovered before finance, tax, legal and refinancing costs. The result is highly dependent on lender valuation, condition and refinance terms.

Buy-to-Let Analysis

Using the single advertised asking rent of £779 pcm, annual rent is £9,348. This equates to 15.58% gross yield on the £60,000 guide and 14.34% on the guide plus the stated £1,560 buyer premium and £3,600 minimum administration charge. The rent is advertised rather than achieved, and mortgage, insurance, maintenance, voids, management and tax costs are excluded.

Flip Analysis

Using the £83,450 base GDV and £65,160 known acquisition-cost basis, the indicative pre-sale-cost surplus is £18,290 before works, finance, tax and selling costs. A formal flip surplus cannot be established because no supported selling allowance or refurbishment budget is provided.

Investor Risks & Due Diligence

• Property condition and any required works are not described, so refurbishment costs are unknown.

• The £779 pcm figure is an advertised asking rent, not an achieved or passing rent.

• Legal-pack disbursements and other purchaser charges may be payable but are unspecified.

• The guide price is not a guaranteed purchase price and the analysis assumes purchase at £60,000.

• The refinance calculation depends on lender valuation, loan terms and eligibility and excludes finance, tax and refinancing costs.

• Comparable evidence ranges from £80,000 to £94,000, creating valuation uncertainty.

• Selling costs, finance costs, tax and any voids or management costs are excluded from the gross calculations.

Recommendation

Potential buy-to-let at or near the guide, subject to viewing, legal-pack review and confirmation that the asking rent is achievable. Do not rely on the BRRR outcome without lender and valuation confirmation.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales, one advertised rental and clear auction charges, but condition, legal-pack disbursements, achieved rent, financing terms and selling costs are not supplied.